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It was ok. Thank you for watching the video of all of our snow. The poor guy in his car. It had a happy ending. That is not on the morning brief. Overnight, stocks are down. That is led by emerging markets. The chinese reported a Service Report that disappointed. Concern there about slowing Economic Growth. Here at 10 00, on the economic front, we have ism and factory orders. We have the jobs report on friday. And janet yellen is set to be confirmed by the u. S. Senate. I know that you love burgers after the bell, we will have sonic earnings. Get started on a busy week. Lets do a data check. Futures are flat. Tenyear year yield, we are where we were three percent. Lets go to the chart. Here is the great bull market. The s p 500 has been correction free. What kind of volatility will we see into the new year . The backdrop of that, chairman yellen will greet us tomorrow mornin ....
It is already 2014 in new zealand, australia, and china as well. You are looking at video from shanghais waterfront. In a few hours, dubai will attempt to create what has been billed as the Worlds Largest new years fireworks display. Of the new year in some parts of the world and the year that was, we look at dealmaking. Us airways and American Airlines is probably the bigger one to stick out. This team she is with me now. I know Cristina Alesci is with me now. I know overall dealmaking was Something Like 20 lower than last year, right . That is right, when you look at it from a volume standpoint. On the number of deals, we did see quite a decline. That was not surprising. These are the breadandbutter deals that drive the market. Year where the monster deals. Wh ....
Excuse me. He is here with us. Who matt levine is with us i miss the guy. I want to stand california writes about the inner workings of wall street and like me, came because there is an incredible from the business, a derivatives story out of palo alto. Background. An earthquake in the mobile messaging market. 19k zuckerberg spending did you go through an Investment BankingTraining Program . I did not, i was a lawyer billion dollars in cash and stocks to buy whatsapp. First. I skipped the insane hours and left law for banking because up users use every day. Up a lifestyle would be better. I came from that background. It has an unproven revenue model. I went through a sales and Training Program at credit Cristina Alesci is here and paul suisse. You are aliv ....
It. The dow just went positive and is up all of about 17 points. So far so good. Well take it. Lets look at the big picture. The three charts you need to see now. Ill sew you the s p. Look at that. Take a little profit after that monster day yesterday. Were practically back to the flat line. The s p up 27 year to date and is the best year since 1997. Its hard to argue with the trend on this one. Back to the 1990s. Hello . Looking at the 10year, up three ticks. Its close to the threeyear high we saw in september when it got up to 3 for one particular day so keep your eye on 3 . Its not just psychological but is in effect a threeyear high. Moving on to gold, the polar opposite. Theres no bid for gold. Down 40, 11. 95. Were close to a multiyear low in gold. 11. 79 was the low you saw in july. You go through there and theres not a lot you can point to for support. Lets move on to the big three, the stocks were watching heading to the close. Julie is keeping an eye on them. Lets start with ....
Overnight ising obviously the snow and how it has impacted the morning commute. Thousands of flights were canceled, tom. The li ee, a road i spend multiple hours on, east of new york city to get to long island, was shut down, so a treacherous morning commute. Most people look like they are staying home. The roads were pretty quiet. Data, 9 45 a. M. Not that exciting. Auto sales are a big deal. We get throughout the morning, released from the individual carmakers, and then at 5 00 today, we get an aggregate number from the government. At 2 30 p. M. , Rockstar Bernanke takes to the night takes to the microphone. Bernanke with clearly the most important speech, but we philadelphia. Jeff lacher speaks out of richmond. And jeremy sky is speaking as well. Pour the tea and open the bars in philadelphia. Rockstar ben bernanke . It is his final speech, and it is a big deal. You wonder if he will go back to princeton after his tenure of ....