Joe, you get the first crack at that question, i think the question becomes, what goes long youre long the fang names and gogo names. But if a certain point oil keeps going lower, i think that becomes a problem for the nvidia, the highgrowth momentum type names pete, there was a time when if oil was falling out of bed the way it is now, you know, its 42 bucks, the market would have had a conniption over the whole thing and not so much, why . It seems to me the focus has not been on oil. We did have all of those reactions and weve stop reacted to that. Everybodys focus continues to be on recently the focus is the financials and this breakout up to this 24. 5 level. Even on days where were going down, the financials have hung in pretty well sure, theyve given back here and there. But overall, look at how the financials are trading, that is we talked about financials and energy not participating, were starting to get some participation from the financials thats making up for the energy ne
Too slowly. In greece, the government says they could stumble out of the euro by accident if the Opposition Party wins. The finance minister is saying the Opposition Party might have to have the bailout extended. If the opposition wins, they do not have the knowledge of the experience in negotiations, they have certain ideas of their own, i think its prudent for them to ask for an extension. It will give them some time to manage the negotiations. The greek election is in a january. The opposition has a slightly. In france the magazine will print 3 million copies of the issue that comes out tomorrow. The normal press run is 60,000. The staff has been working since friday. The cover will show a cartoon with the prophet mohammed. An upset in the First College playoff football finer. Eczema deal elliott rushed for 246 yards. Ohio state won over oregon. Its the eighth National Championship for the buckeyes. Oregon was favored to win. President obama will meet with congress with plans to lay
Mcdonalds surging nearly 5 after ousting its ceo. Wlas what is the new plan for the fast food giant . This remains the big question. And one hour from now, some huge earnings hit the tape google, amazon advisoryvisa biogen to name a few. Well have the numbers and instant analysis as well. A ton coming up next hour. Were just ramping up on the whole earnings thing. Digesting names like ali alibaba. The dow is up about 148 points this hour. That outperformance from a couple of individual movers. Boeing again in two days the stock is up Something Like 10 . The s p, meanwhile, up about half a percent. The same thing goes for that nasdaq buffeted from outperformance by apple and underperformance by alibaba. Lindsay bell from s p capital iq and our own Rick Santelli. Heather, you first, why do you think the market is picking up as the day has progressed . I think some buyers may have emerged after a january selloff. The dow still down about 3 on the year the s p, about 2 . We are coming off
Darkness. Schools are letting students out early. This is a live picture of the area seen by our affiliate news helicopter. The problem was apparently caused by a major cable failure. Officials at dte edison are working on the problem and the power is slowly coming back on. Detroits mayor will give an update later this afternoon. General motors, one of the only big three auto makers located in downtown detroit says there has been no impact at the Renaissance Center headquarters. Now to Courtney Reagan with breaking news on amazon ceo jeff bezos. Amazon ceo rarely speaks out not at Quarterly Earnings calls and conferences except for today. He just wrapped up at the websites ignition conference expecting topics as drones and websites to what he is like as a dad. Here is what he had to say after the last disappointing report. You have been a shareholder for a long, long time. Happy, rode it up in the bubble. Very much believer in the long term, investment cycle and big bets. Even i last q
Again, that was a moment of silence marking the attack yesterday, the victims who perished in that attack. Hadley gamble is in paris with the latest and she joins us right now. Good morning. Its a national day of mourning here in paris. People gather in simple. We heard from president hollande earlier today, as well. Let me give you the details of what we know now. There are reports that two suspects have been located in northeast france. Cnbc has yet to confirm those reports. This is a very fluid situation. Many reports coming in. Were trying to sift through all of that. Here is what we do know. Overnight, the two suspects believed to french authorities, theyre chasing them as we speak. Many are now saying that these guys have linked to terrorist organizations, as well. They have been convicted on terrorist charges in the past. A third suspect into police overnight. We understand understand several people have been questioned in this incident. In a separate incident this morning, one