All of that and so much more coming up in this hour of market now. Connell welcome back, by the way. Dagen i find the winters here much worse. Were they good . Did people watch . Ironic beginning to roll back its higherlevel enrichment. Country. Why in some sanctions the white house says it will continue aggressive enforcement of measures that remained in place. Joining us now is k. T. Mcfarland and mike baker. That is a mouthful. You better bring it. You have been skeptical of this. Are you still as skeptical . This is the easy part. In exchange, they have decided to freeze the program. What we want them to do is roll it back. We have now given up all of our leverage. The reality of it is one so sanctions are lifted, it is like a floodgate. The rest of the world counts. Their uranium stock market went up by the end of december on a mere promise and suggestion that the sanctions would be lifted. Once the sanctions are lifted even slightly, there will be no stopping. Mike, do you agree
Everybody. We will have bob shiller coming up in a minute to talk about home prices. Nicole petallides is at the New York Stock Exchange to start us off. Nicole apple right now is down seven and a quarter percent. Some of the commentary that i am hearing is even when youve read about it, oh, well they did not meet the lofty expectations. The dow is 91 points. Turning things around here on wall street. Connell home prices falling. Overall, prices have risen 14 over the past 12 months. What should the take away be from this mornings report . This was a strong year. We had record low Mortgage Rates at the beginning of the year. Now they are up substantially. Now we are talking about the taper. We cannot expect this to continue. Not at this pace. You talk about Mortgage Rates and Interest Rates generally going higher. You use the word taper. What is your expectation . Is this the start of Something Big . Give us a little bit of an outlook going forward. If you look at seasonally adjusted,
I just dont care about this particular child. We are not forcing you to care. Top of the hour, stock every 15 minutes. Nicole petallides has the update. Reporter that is right, we are seeing the Dow Jones Industrial right now back into positive territory after some weakening home sales. Another thing we should note here is that the dollar has been weakening after moderately particularly high goals. That is something that we are focusing on as well. You are seeing gold jumping significantly, up about 34 points, it is also a very big deal. Lots watching the markets right now, they include microsoft and american express. Dont forget about detroit today he will work carefully but quickly. Im trying to get this done between 2014 and that is a little bit more than a year. It is a little bit more than here, but we now have a judge and the judge will have his own ideas about how the show. Dagen we have to two guests with us. Stephen, to you as well. The pension, the union, and the Municipal Bo
Top of the hour. Stocks now and every 15 minutes. Nicole good morning. A little back and forth action. We will have to as and p and the dow pulling back. The big story is oil. As a result, you are seeing the price of Oil Per Barrel on the rise. Also it is worth noting, the longest since april. The nasdaq yesterday closed to the upside. It closed at its highest level in more than 12 years. Stuart slashing the budget by 24 . Dagen out of here. Will it go anywhere . Just start with the budget cuts. Any chance that the republicans get a significant cut . They could. The irs has been behaving like a Democratic Political action committee. Why one it they want to come from this agency. If democrats to go to that for the irs, i think they should. Connell dagen asked a key question. Will this go anywhere . There is some substance to doing this. They added 5000 new agents. Dagen at this budget get bigger for years to come. It is charged with enforcing the health insurance. They may fight this fi
Dagen that movie better be good. Connell we heard a lot about it. Dagen nothing but naked woman and drugs and stock fraud in the book. Can you handle three hours of that even with leo dicaprio. We have tripledigit gain. Nicole petallides at the new york Stock Exchange. Good morning, everybody. The Dow Jones Industrials up 135 points right now as dagen and connell noted tripledigit gains which erases some of last weeks loss. Last week we lost 265 points on the dow. Were making some of that back right now. Were focused on the fed as we do have a fed meeting. Well see if they slow down on the money printing and bond buying. That will be on the 17th and 18th this week. Keep in touch here. Exxon, ibm, caterpillar, American Express some of the best performers on the Dow Jones Industrial average. The big picture is in europe they actually turned things around. They had been seeing losses. Recently they have an up arrow. Productivity numbers here at home were good news there. There was one par