Ecb regarding that waver. Jobs number tomorrow. 15 billion deal in pharma pfizer buying hospira in allcash acquisition. Soft outlook for michael kors has the stock reeling. Keurig, l brands and dunkin moving as well. Tomorrow earnings after the bell from twitter. Interview with Dick Costello tomorrow on squawk on the street. Futures on the rise as stocks look to shrug off concerns on greece. Lost on the news ecb greece couldnt use bonds as collateral. Claims raise 11,000 to 278 but the increase less than expected estimate 290. It has been 15 years since weve had two consecutive weeks below 280. Wow. Look, the cross currents here 327 yesterday the market looked like it was going to have not one, not two, but three maybe plus 200 dow days. A beautiful thing, setup great. One headline out of europe and kiboshes the rally. Headlines 330 and 4 30 headlines get better. Down day to up day. Back in that european miasma driving everything crazy. In the end, there will be a deal. But do you . I
Homeland security chief warned mall of america shoppers to be, quote, particularly careful, and yet yesterday it was still hard to find a parking spot at that mall. Why arent American Consumers worried if the government is . Some surprising answers on this one just ahead. Important story there. Another one as well, the president just wrapping up comments about these new rules theyre talking about for 401 k rollovers making sure the Investment Advice you get is good for you and not just for the Financial Planner or broker who is advising you. There are some concerns that people are being steered into investments that have higher fees. Theyre suitable for you, but theyre expensive at the same time, and there are cheaper alternatives. So brokers may be making more on these higher fee investments, and so the president wants to do something about that but the industry is fighting back. So we have both sides of that issue coming up a little later here on the closing bell. Yeah divisive one.
Two if by sea. Jane wells covering the problems out at the ports. She is live between the ports of l. A. And long beach, and, diana olich is on the land. Surf and turf here. Shes on the land in washington. Interest rates rising. Home Sales Numbers not. Diana, youre first. Well tyler, look spring housing is not getting off to the best start. Higher Interest Rates in a pitful supply of homes for sale are squeezing potential buyers. Now, Weekly Mortgage applications showed just how sensitive todays buyers are. Rates rose to their highest levels since early january. 30year fixed at 3. 93 . Its still under 4 . Even at that historically low level, applications to purchase a home dropped 7 for the week. They are barely 1 higher than one year ago. Rates moved even higher where heed. Does that mean real cash money . Well a borrower taking out a 200,000 mortgage today would have to pay just 42 more a month than they would have if they had bought on january 1st. Now, that might seem like chump ch
Its brought in the country by travelers and spread here. Most concerning, though the strains are resistant to antibuyieantiby october ticks. Between may and february 243 people got the illness with the outbreaks in california massachusetts, and pennsylvania. Nearly a quarter of cases were hospitalized, but no deaths reportered. This causes 500 cases of die ree kbra in the u. S. Every year. It goes away without treatment, but patients are prescribed antibyan buy october ticks, and its begin to those traveling internationally in case they develop issues outside the u. S. Study is needed to determine whether this is playing a role in the increased drug resistance. This is a Huge Public Health issue. President obama just last week announced a National Action plan to fight it including more than a billion dollars in the budget plan focused on the cause. Mandy . Thank you very much. Another breaking story now on the Iranian Nuclear talks despite long negotiations in switsland thats unclear i
For melissa francis. Heres whats money tonight. President obama and congressional leaders try to pull off a fiscal cliff hail mary. Their lastditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. We have the very latest for you. Not even the fiscal cliff can slow down the u. S. Oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. Who stand to reap the biggest gains . Well drill down details so you can get in on this game. Iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. Is iran just sabrerattling or gearing up for something much bigger . Even when they say its not, it is always about money. Adam and a good evening to you. Melissa francis will be back after the first of the year but right now lets look at todays market headlines of the investors were largely gripped by unfoldin