Here at this hour, by the way. We also have both covered with a live report from iraq and our pros weigh in on just what the fed may do this week. Also, a very special and exclusive interview after the bell, traveler ceo jay fishman in a rare oneonone. He is widely viewed as one of the most respected and effective ceos in the corporate world. Fishman will weigh in on the state of his business, the overall economy and much, much more. You dont want to miss it. All right, we cant wait. In the markets right now, take a look at the dow. It is down about nine points. The situation in iraq is certainly weighing heavily on the minds of investors today. The fed meeting, which is looming, which begins tomorrow, is as well. The nasdaq holding on to a gain of just under four points. And the s p 500, we can call that flat on the day. Joining our Closing Bell Exchange right now is rob stein of Astor Investment management, joe tanias, kim forrest of fort pitt capital group. Wow, i got that right, fi
I am informed. Some other nuggets germany where industrial output rose 1. 9 percent. Germany is totally detached from the rest of europe. Here in the u. S. , i have got three words for you jobs, jobs, jobs. It was actually up from last months 6. 1 . 230,000 new nonfarm payroll jobs are theory being created. No earnings of note that we should mention, but president obama is speaking at 1 00 in wales at the nato summit. Incredible report and we will talk with that in a moment. Lets look at stocks, bonds, currencies, commodities. The 10year yield higher over the last couple of hours, 2. 4 . Euro. Euro, currency depreciation in europe. Onto the next screen if you would. The vicks 12. 64, the dow still over 17,000. I put the spanish tenure over this is not a good record low for spain. It shows the challenges and of course ireland and germany. Lets go to the math monitor and look at the persistency of negative Interest Rates. Here we are with a normal twoyear, down we go in may. Adam, this w
Only thing that hasnt bounced back, is oil that is in dumpster. Earnings are savings grace for the market. Melissa it is but you have to worry about specter of inflation out there. Fed will still talk about that, markets loving all of it. Rob, what do you think . We look at attack up in canada last week and it is amazing how quickly we rebounded from that. Realistic everybody thought it would be a big issue. Turns out only to be a blip. Not to diminish the problems we had but reality the market seems to be coming back fine. Melissa go ahead, charlie. I hate to quote ed butowsky my sparring partner on Varney Company but he made a good point a lot of people are making to me. When you think about it, the chances of the market going significantly higher than 17,000, in the, in the like, immediate future is very slim . Is market bouncing around between two levels. The question, do you want to get in now . Looks like there isnt much conviction when the dow gets above 17,000. Melissa how much
Not 2014. December possibly. Now gold, we will see what happened. Following the fed statement. You can see with a lower 3. 40. E enduring a quarter of a percent moved to the downside, not too bad. Last week crude virtually unchanged. Down 1. 30. That is what happened as soon as the market began to absorb what the article said. Tapering would happen sooner rather than later. We have the statement from the fed, that we gave you. But we have every angle of this covered. Head of treasuries, you may have seen the honda prices pare their games. And chief economist at first trust. See the rest of you guys in a minute. What do you make of it . It is clear, it has been fickle to any announcement coming out of the fed, washington or the wall street journal. It is clear the market did not move on the fed announcement. When he announces a december taper is not off the table, we are off to the races and the machines kick in and start selling off on that news. Buit has become pretty easy to trade. L
Good morning and welcome to march. Stocks try to finish the week with a climbing to record highs after, oh, a brief weakness yesterday into the close. The sequester deadline finally arrives with no compromise in sight. Plus, in Corporate News, groupon out. Its ceo and in an unusual cliff, wait until you hear the email that andrew mason sent to employees announcing his own firing. Ill ask ben white if politico got this email, too. Its friday, march 1st, 2013. Squawk box begins right now. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Our guest host this hour is zach carabell. Also ben white who is politico chief economic correspondent. Gentlemen, welcome to both of you. Thank you for getting up early. It is a grait great day to have you both with us. Were talking about the wall street situation and washington. We have stocks and the sequester, the s p coming off its fourth straight month of gains. If you take a l