The catalyst was there was no negative catalyst. There was no deterioration in Eastern Ukraine over the weekend thankfully. Ukraines and russians Foreign Ministers met for lengthy talks in berlin, with moderate progress. Iraqi and kurdish troops retook a dam in northern iraq. Gaza and Palestinian Militants have extended their truce. Dollar general bid 9. 7 billion for Family Dollar. You have a 14year high for nasdaq, and a rally in the s p 500 that took it to within a percentage point of an all time high. Heres how the stocks finished their day at the highs, by the way. The dow up 1 , adding 175 points. Disney and home depot, all time highs for those two. Nasdaq ended at its highest close since march of 2000. And the s p 500 was up 16. Crude oil down 94 cents. It settled at 96. 41. Lowest level in seven months on easing tensions in iraq. And news that libya has increased production. Falling price of oil helped lift airline stocks, including united, continental, american, delta and jet
From now in this fastpaced every changing world. We begin tonight with the future of wall street, what many call the financial capitol of the world. At its heart at the New York Stock Exchange but will the exchange play the same vital role decades from now and what about the big tanks . Kayla tausche says the future may look different in the future. Reporter most big blanked fled for stocks elsewhere. One of the last holdouts. By the year 2039, the once epicenter of finance, the worlds new commercial hub oceans away. Since the late 18th century, wall street has been the premiere trading hub. By 2039 it will be more of an idea than a place. Thanks to a lean on core businesses between companies and investors under writing bonds and stocks and making loans to consumers and businesses. David says thats how it should be. I would like to see banks going back to being Community Banks respective of where they are located. Empowering the local economy through lending and through securing deposi
Territory record territory. The nasdaq worth keeping an eye on inching closer to 5,000. Its been the outperformer. We may be talking nasdaq 5,000 by next week sometime. Lets get to the Closing Bell Exchange exchange. Kim forrest is here, so is Peter Andersen from Congress Wealth management. Kevin carrone, ben willis from princeton securities joining us on the floor and Rick Santelli is in chicago. Lets start with Michelle Carusocabrera. Is she there . Im here yeah. So we have an agreement of sorts. Its just an extension, but do you sense were making some Real Progress this time around . Well the headline is that the greeks have caved on nearly everything it appears. They were never going to be subject to more reviews by the eu, the im f, and the ecb. Now theyre going to be subject to reviews by the eu the imf, and the ecb. They were never going to agree to commit to the current program. They have agreed to commit to an extension what happened to all the saber rattling when the new regi
Knows the route to laguardia and hes on the news line now. Captain mark welcome, good to have you with us. In retrospect should the airport have been closed before this event could take place . Caller the airport was closed before the event. Im not certain if i understand the question. Should this plane have been allowed to land at laguardia. Caller oh, i see. I misunderstood you. Maybe i didnt phrase it well. Its up to the coordination between the captain and airline itself. Although the weather was certainly coming down at laguardia one thing that seems problematic to me is the runway they were using. They were landing to the southeast there at laguardia and the wind was almost off their tail which is not a good thing. You dont want to be doing that. You want to land into the wind but you certainly want to be landing into the wind when the runway has something on it like snow or ice or water. And we may find that that becomes a contributing cause to the accident. How much grip do air
A 52week high in france and germany. Our road map this morning begins in washington where fiscal cliff negotiations according to the times has collapsed. At least for now. With less than a month until the deadline, who blinks first if anyone . Goldman takes dell from a strength to a buy. Is it time to look at the stock and maybe even other players in the beat up personal computer sector . Manufacturing data out of china. Not bad. 50. 6. Thats the highest in seven months. Although shanghai again trades lower even europes pmi improves a touch in november. First up, were one month away from the fiscal cliff and so far the white house and Congressional Republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. Yesterday our own jim cramer and Maria Bartiromo were on meet the press and cramer had a message for fellow panelists and father of the antitax pledge, Grover Norquist. Most ceos are republican. Theyre on board. Theyre not on