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Lot of movement there. Oil still in many ways, im going to say it, key to the market. Yes, yes. He agrees. Totally true. Im glad i i wasnt sure you would agree. There we are. Crude at 76, brent around 80. Big meeting this week. Big meeting this week as well. Our road map this morning and it starts with markets. S p looking to its 46th, 46th record close this year. The dow looking for its 29th. The nasdaq looks about 7 off an alltime closing high from march 2000. Yeah, i remember that. Gas prices fall fog fouryear low. Opec preparing to meet this week. Raymond james weighs in on chevron, exxon, hess, occidental. United technologies announced the chairman and ceo is retiring, effective immediately. Ill tell you whats next for the company, who the new ceo is and ask questions. Not sure we have a lot of the answers. Lets get to the markets. For a sixth consecutive week of gains. The 45th record close of the year, the dow its 28th, nasdaq, as we told you, new 14 1 2 year high, 6 out of 10 s ....
Crude oil does figure very prominently into the movements of our market. As you can see, wti down again. Not a great deal but down again this morning. As for the tenyear note yield hovering around amazingly enough that 2 level. That is exactly where we find ourselves at weekend. The first full trading week of 2015. We are going to have more on the jobs report in a moment. Our road map starts with continuing terror in paris. Multiple hostage situations unfolding. We are going to bring you the latest details throughout the show. Here at home the december jobs report comes in above forecast. Well get the administrations reaction from labor secretary thomas perez. First on cnbc. Nelson peltz launches a proxy fight for four board seats. Jim and i both will have more on that impending battle. December jobs report shows nonfarm payrolls rose 252,000, above forecast that were around 240,000. Unemployment rate down to a 6 1 2 year low. It is now 5. 6 . Some of the decline reflected people leavi ....
Welcome back to squawk box here on cnbc first in business worldwide. Im Andrew Ross Sorkin with joe kernen. Becky enjoying the day off. And for viewers outside of the United States, happy boxing day. It comes from a tradition where boxes were given to people and the box would include a gift or two and perhaps some leftovers from the tables of the wealthy. I used to think it was boxing day. I didnt know. I learned this about a decade ago, but every year we get emails from people saying thank you for explaining that. We didnt know. Its said some of the boxes include gifts. Do some of the boxes people just give boxes . I think sometimes it was leftover food. Food or but not just boxes, right . I have to tell you, my children jumped into an empty box yesterday. Thought it was a rocketship and thought that was the greatest gift they could have gotten. Remember in splash he give ....
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 d ....
Nikkei. Overnight in asia not good. 2 drop wrapping up what is the worst week in three years. Of course concern about china in terms of exports or lack thereof. A look at europe where we also are going to see a good amount of weakness. The follow through as you might expect from here yesterday, a day in which we saw the s p down almost 2 and the nasdaq nasdaq down 3 . Lot more than that. Yeah. Lets get to our road map this morning as you might imagine. Does start with that meltdown if you want to call it that in the markets. Stocks slide around the world. You just saw. Is this the start of a correction . The tip of the spear, jpmorgan profits disappointing. Jamie dimon confident in the american recovery. How will the banks weak results drag on the market and other financials. The flip side wells fargo profits up 14 and those shares are rising. Another bad month for sales at gap. Gap discloses a 6 drop in march samestore sales after a disappointing february. Gross margins taking a hit. ....