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You need a watch. Yes, davos. I think the fiscal drag is underestimated the timing is overestimated. Capital spending recovery. Well take that to the bank. Join is on tuesday. Have a great weekend. Inauguration day. Squawk on the street begins right now. Good friday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber. Dow looking to add about 16. The s p 500 looking to add about a third of a point here. Yesterday, of course, the s p closed at fiveyear highs in what is notable, transports, airlines, housing and cyclicals all at 52week highs. In europe, juiced by china data which well talk about. A mixed wag over there. Signs of the rally here could continue. Chinas gdp topped estimates, General Electric beats by a penny, caterpillar catches an upgrade from piper. Morgan stanley showed improvement in Investment Banking ....
Up 49 on the dow. Caterpillar beat earnings expectations, merck, united technologies, travelers, ge also trading to the upside as you can see on your screen right there. But we did get some news on the Economy Today i want to bring you. Sales of Single Family new homes fell more than expected in december. Many economists blaming the slump on the cold weather. The Commerce Department saying new home sales fell 7 to 414,000 units. Home sales usually dip in the winter, but the extremely low temperatures may be causing a more substantial drag. Take a look at hovnanian, kb holmes, all of these Companies Trading do the downside except for pollty, bucking the trend. But the rest of your home builders, actually, are trading to the downside. Wanted to show you those. B ....
Companies and i think 2013 will be a big year in which companies that have yet to go public in that space will do so. Reporter there are also several Big Technology companies that investors hope will go public. One is twitter. Although many i. P. O. Experts dont think that will happen this year. Another possibility is squarea mobile Payments Company founded by the man who created twitter. And, finally dropbox, a web based file hosting service. But, its understandable that Many Companies are approaching the i. P. O. Market cautiously. Theyre wary of becoming the next facebook with a stock price thats still well below mays offering price. Erika miller, n. B. R. , new york. Susie it took a long time for norwegian cruise lines to make the big decision to go public. Since the 1990s, it attempted several times to do an i. P. ....
Brown information trickled out today about the siege of a natural gas plant in algeria. There was word that one american hostage had been killed, but a definitive accounting of all the captives remained elusive. At the same time, the algerians allowed the world to see pictures of some whod been rescued. Amid continued confusion, these were the first images of natural gas workers freed by Algerian Special forces. translated we went out and waved up white banners so the National Army would recognize us as workers and let us go. Brown others were less fortunate, shown bandaged and in hospital beds. State tv broadcast the footage a day after the Army Launched its operation, and two days after islamist militants seized the ain amenas complex in the desert near the libyan border. An algerian worker said the kidnappers had sepa ....
Companies and i think 2013 will be a big year in which companies that have yet to go public in that space will do so. Reporter there are also several Big Technology companies that investors hope will go public. One is twitter. Although many i. P. O. Experts dont think that will happen this year. Another possibility is squarea mobile Payments Company founded by the man who created twitter. And, finally dropbox, a web based file hosting service. But, its understandable that Many Companies are approaching the i. P. O. Market cautiously. Theyre wary of becoming the next facebook with a stock price thats still well below mays offering price. Erika miller, n. B. R. , new york. Susie it took a long time for norwegian cruise lines to make the big decision to go public. Since the 1990s, it attempted several times to do an i. P. ....