Slipping slightly, 0. 6 . We can talk all we want about whats going to happen next week in terms of earnings, stocks. And we will. But this time our game plan begins oddly and strangely on a sunday. Sunday when the treasury secretary of the United States of america will be on meet the press addressing the fiscal cliff situation. As a student of secretary geithner who has studied his every move, i believe he will trace out how we are going to avoid falling over the fiscal cliff and get a deal in part because the two sides arent that far apart. They sound like they are but they may not be. Both sides recognize that we will be in a recession very quickly, maybe even as soon as the second quarter. Ah if they dont compromise. So listen to me. The tax hikes are so severe. [ audience boos ] the spending cuts, particularly the cuts to the military, are so draconian even some of the most extreme republicans who think compromise is a total betrayal, they fear the economic consequences of cliff j
Oslo, norway, very expensive city, a pack of smokes governments 15 bucked and number three, sydney, a bottle of table wine will cost you 25 which is a disgrace considering how much wine we produce and the runner up osaka, japan, where a dinner for four costs you 950. Worlds most expensive city, tokyo, loaf of bread, 9. 60. Thanks for watching street signs, everybody. Closing bell is next. Hi, everybody. We enter the final stretch. Welcome to the closing bell. Im embroemo at the New York Stock Exchange. This market trying to finish and retake that 14,000 level, not so fast. Were coming back here. Im bill griffith. A seesaw day so far, the markets february volatility does continue and setting up to be an interesting final hour of trade, this being the most important hour of the day. As weve noted well be watching to see if dow 14,000 is in the cards over the next 60 minutes here. Also in the show, hewlettpackard. Is it really exploring a breakup . Ive got my questions here. The stock mov
Joe and i have talked about this. Stillwater mining. The best way it play that site. Ticker . Swc. All right, look that one up. Mjm. Mead jorge posa mead johnson. I thought you were going to Say Something else. Thanks all of you for watching. See you tomorrow. Halftime is over. Power lunch and the second time of the trading day starts right now. Scotty, thank you very much. So long to saturdays folks. U. S. Post office ending saturday delivery of first class mail. If congress will go for it in but the move has major ram mications for business and for you. Markets right now, pretty steady this hour. Energy has been the leading sector in this recent rally. So are these still these stocks still a hot play or are they too hot to handle now . If you thought profits were the thing that is the only thing that ceos cared about, think again. We will tell what you is keeping top guys and girls up at night. My partner sue is up at the stock exchange. Sue . Hi, ty. Moneylosing u. S. Postal service
Advertisements. Uncertainty about whether or not the offers are real. Wed like to help cut through that. To get people to take advantage of that. Which would be another housing upside for the economy. Tensecond surprise . Hoimts do yw many times do y the word uncertainty . Theyre screaming there are opportunities in the markets. Its when people are certain that you have to be fearful. I think were far from seeing certainty. Youre still bullish . Bullish as anything. Doug, richard, thank you. Steve, michelle, thank you. Thank you. Chicago tomorrow. We also have bob ruben tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, with Carl Quintanilla with jim cramer and david faber at the New York Stock Exchange. The day after the s p and nasdaq posted their second best days of the year. We looking at a higher open, pretty much across the board. Actually, they just turned. Were looking down open here, 59 points on the dow. D
Largerthananticipated loss, profits at newscorp doubled, and business remains brisk at visa. Yahoo and google have an ad deal. The rival Internet Companies reached an agreement to have google display ads on yahoo sites. The wall street journal reports American Airlines and u. S. Airways may announce a merger in a week or so. Shares of u. S. Airways flew higher. And let it snow ski resort owners in the northeast are thrilled a foot of snow could drop by friday, making for a powderpacked weekend. Mark sebastian of option pit mentoring joins us now for a closer look at the market. Good morning to you. Do you suspect with the strength that we have had in this market, that some people are going to want to take profits here mark . You know, maybe, but i wouldnt. I think we are due for a breather here at this 14,000 level in the dow. But there are going to be a lot of investors that see this train that has already left the station and want to get onboard. I think we are going to see an alltim