Cant wait to see what jason got us here. Welcome to squawk on the street on this final trading day before christmas. Im carl, with melissa lee, david faber at the nyse. The New York Stock Exchange and nasdaq closing at 1 00 p. M. Eastern time. The futures, a little bit of weakness here which well talk about in a minute, after it comes after a pretty bad day on friday. The european markets closed for the Christmas Eve holidays. London, paris, spain have each completed shortened sessions in light of the Christmas Holiday as well. The friday selloff, only five trading days are left in the year. Is the market getting used to the idea that a fiscal cliff solution will not happen before year end . Only a few hours remain to finish your christmas shopping. But some words of caution for toymakers. Are tablets and apps ruining the season as kids get more accustomed to technology . Microsoft windows 8 gets more bad press today, as the New York Times said it is not leading to a boost in pc sales.
For melissa francis. Heres whats money tonight. President obama and congressional leaders try to pull off a fiscal cliff hail mary. Their lastditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. We have the very latest for you. Not even the fiscal cliff can slow down the u. S. Oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. Who stand to reap the biggest gains . Well drill down details so you can get in on this game. Iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. Is iran just sabrerattling or gearing up for something much bigger . Even when they say its not, it is always about money. Adam and a good evening to you. Melissa francis will be back after the first of the year but right now lets look at todays market headlines of the investors were largely gripped by unfoldin
For melissa francis. Heres whats money tonight. President obama and congressional leaders try to pull off a fiscal cliff hail mary. Their lastditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. We have the very latest for you. Not even the fiscal cliff can slow down the u. S. Oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. Who stand to reap the biggest gains . Well drill down details so you can get in on this game. Iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. Is iran just sabrerattling or gearing up for something much bigger . Even when they say its not, it is always about money. Adam and a good evening to you. Melissa francis will be back after the first of the year but right now lets look at todays market headlines of the investors were largely gripped by unfoldin
Headlights is the emergency between 580 and 80 slow there. Things ease out a little as you make your way past university into the bay bridge and macarthur maze. Heres what it looks like behind toll, minor delays for cash paying folks, no metering lights yet earlier stall incline section that cleared, you may find a little sluggish traffic towards the tunnel. Off of the bay bridge 80 westbound skyway at 9th, stall blocking right lane there to the dumbarton bridge westbound at tolls new reports of accident in the median there as you make your way from newark towards the peninsula. 6 02. Developing news weve learned a man found bound, gagged and unconscious on a San Francisco street has died. He was found with a woman in the Bay View District 8 30 last night and rushed to the hospital the woman is fighting for her life. Police went doortodoor on us were sells on brussels street. Terry mcsweeney will bring us the latest on this developing story in a live report coming up in 30 minutes. Man
Ecb holds rates steady saying the risk of deflation have not decreased. The markets set to edge lower after a jump in claims. Plus, more trouble for citigroup as u. S. Authorities open a criminal inquiry into the banks mexican unit, so should you be worried about the companys stock price . A long legal battle starting up between tesla and the state of new jersey, well tell you how the hek carmaker is fighting back against the garden state. A lot for the markets to digest ahead of the jobs friday after the s p closes for a record high for a second consecutive session. The jobless claims are up to 326,000 and as we said the ecb does keep its key Interest Rate unchanged at a quarter percent despite all the concerns about deflation rinks. In a News Conference mario draghi said the drcentral bank will use all methods needed. They say if a 0. 5 cpi doesnt get your attention, what does . This guy is really on a mission to get that economy restarted. I think hes managed to be able to dodge the