Consumer discretionary stocks up the most. Utilities the biggest losers. And while individual trading sessions may have been choppy, it was another month of low volatility. The vix remained below 20 for the fourth consecutive month and thats the longest streak since february of 2007. A big part of the market story has obviously been a big topic dominating the sunday talk shows. Tim geithner arguing republicans need make the next move in negotiations. Republicans have said that they dont like those reforms or they would like to do more. And if thats true, then they should tell us what they would like as an alternative. Build on those, tell us how. But we cant react to anything until we see the details of the proposal and we need it on the rates and revenue side as well as on the spending side. Weve given them our best view what makes sense for the country. Meantime john boehner says that his party has a plan and he has already offered dozens of alternatives. You can cap deductions at a
So far. And the weak economy, eurozones biggest bank post ago near 80 jump in nine months profit thanks to lower provisions. A bad call for erikson hitting Third Quarter profits. We speak to the ceo first here on cnbc on an extended edition of this show and that happens at 12 00 cet. Plus, manufacturing in china if a hitting a sevenmonth high. The country still on track for its slowest growth now seen in 23 years. He, everybody. Welcome. Yes, you are watching Worldwide Exchange here on cnbc. We have a lot to get through today. Theres a lot to talk about. First on the agenda, we have had the eurozone Business Growth easing for the month of october as by the looks of things demand has slowed substantially. Were looking at the eurozone pmi point to go 0. 1 to 0. 2 of Fourth Quarter growth. It fell to 51. 5 from septembers twoyear high of 52. 2. But what you need to take away from this 51. 5 print is that its way below the polls that have been out by reuters for an uptick to 52. 5. Were lo
108. The current continues index, 111. 3 in october. Again, versus the reuters consensus of 111. 6. Ifo expected index, 103. 6, a little below the expected forecast of 104. 5. There are no revisions to the september indices. The ifo index is probably the years most important sentiment index, slightly lower than what we might have thought. Not by much, but by a little bit. Joining us in the studio for the first part of the show today, moo moodys analytics. Frank, thanks very much for joining us. Thats the ifo sentiment index. Slightly lower than we might have thought. Yesterday we saw from the pmis, as well, slightly weaker than we might have thought. Is the economy, are things just softening slightly . I dont think so. The German Economy is doing very well. The pmi did slow down a little bit. They came weaker, but they still point to expansion this year. The Unemployment Rate in germany is 6. 9 based on the National Statistics and it grew strongly in the Second Quarter. It is likely to
Funds are go going to go out of business, theyre nuts. They know nothing i always like to say theres a bull market somewhere. Hey, im cramer. Welcome to mad money, welcome to cramerica. My job is not just to entertain, but to teach and to coach you. So call me at 1800743cnbc. May 2013 be as good as 2012 for you in the stock market. Thats what i found myself thinking all day, in spite of todays incredible action, best day in over a year of the. The dow soaring 108 points. The nasdaq rockets 3. 07 , i feel like im surrounded by people who are already fretting about the next big bad thing. This time its the debt ceiling fight. Theyre worried eem as it seems the market has a tremendous case of sellers remorse. Theyre scared. Even as it seems those who fled the market year end are in their buying and buying the same stocks we sold. When we looked certain to plunge into the fiscal abyss. How else do you explain how we got the best first day of the year for the s p since 2009 . Lets take a mo
It was weird. It was fitting that that happened. It was good. We were hoping for it. We should tell you about the s p 500 as well. It added more than 5 to close at 1,883. The nasdaq closing at 4,114. We decided that good news was good news now and bad news is no longer. We got a 0. 1 gdp number earlier. Right. Economy starts with i did like this, andrew. It was hurt in the First Quarter, hurt by frigid weather. Yes. Frigid weather. You know what thats an indication of, the warming. Youre reading the wall street journal. Just think about the logic in that statement. Thats not what i want to talk about. What i want to talk about, also a day they decided to continue to cut its not like there was bad news that was going to cause them not to taper. There was nothing but there was a little bit of bad news in there. There was bad news. A lot of times market set new highs on bad news. Then i started thinking about it again, kbe qe is very, very powerful. What was the maximum we got to, 85. 85.