Almost creeping down to 52 on west texas. The ten year steady at 2. 18. Our road map begins with the last trading day of the year. Full day. No half day for the markets on this new years eve. Better than expected weekly jobless claims number helping futures point slightly higher this morning as investors look to end 2014 with a bang. Sony hack sent the company back to the stone age. Forced to revert back to note pads. And why ipads could make a comeback in 2015. First up, stocks are edging higher a little bit. Brent crude hitting new lows this morning. Jobless claims up to 298. All major indices solidly in the green. Nasdaq up 14. 4. Russell up about four. Well talk about sort of the annual performers. The best s p stock, southwest airlines. Worst s p, transocean. Ibm has the dubious distinction of being the worst dow component two years running. Thats not happened since 1995 when it was bethlehem steel, believe it or not. I guess the other ones on the dow are the Oil Companies . Chevr
Crude oil does figure very prominently into the movements of our market. As you can see, wti down again. Not a great deal but down again this morning. As for the tenyear note yield hovering around amazingly enough that 2 level. That is exactly where we find ourselves at weekend. The first full trading week of 2015. We are going to have more on the jobs report in a moment. Our road map starts with continuing terror in paris. Multiple hostage situations unfolding. We are going to bring you the latest details throughout the show. Here at home the december jobs report comes in above forecast. Well get the administrations reaction from labor secretary thomas perez. First on cnbc. Nelson peltz launches a proxy fight for four board seats. Jim and i both will have more on that impending battle. December jobs report shows nonfarm payrolls rose 252,000, above forecast that were around 240,000. Unemployment rate down to a 6 1 2 year low. It is now 5. 6 . Some of the decline reflected people leavi
Country where the price is oil is already even lower and reports of people in the field saying the price is much like it might be with credit, what you pay for it at this point. A stunning decline here. I use the word stunning because this is not a financial crisis. This is not a recession at least in this country. This is a situation where contributing factors have pushed the oil price out. Everybodys jumping ship. Look at the traders. The funds. For moving out of the space. Im sure a lot of big institutions will be next. Thats a good point. I think traders consider it a repricing. They are repricing right now. Whats so extraordinary about this, again, tells you hope that this is a supply side story, although the rest of the commodity complex doesnt necessarily confirm it but friday the u. S. With the best jobs number since the Great Recession and you would look to a number like that and its a relentless decline in the oil price inl stead since that report hit. I said today quite a tu
Year to more than a trillion dollars. Well today, there was more deal talk. A lot of it. First, a deal rejected. The chip maker altera reportedly said no to an intel offer of 50 a share or so. That would have been a better than 40 premium to alteras stock price when dl talks revved up a few weeks ago. Altera makes programmable chips, which is what attracts intel. Had the deal gone through, it would have been intels biggest acquisition ever. Shares of altera jumped 3 while intel was off fractionally today. Now to a deal accepted. Linkedin is snapping up the online career skills site linda. Com, for 1. 5 billion. Its biggest purchase ever. It hires courses for professionals. Linda will bulk up the social Services Like linking up professionals. With all the announced deals in m a so far this year 2015 is running at record or near record levels. If the pace continues, our guest says the price tag for the year could exceed 3 trillion in activity worldwide. That would make 2015 the second bi
4. 8 . We saw the dollar soar today, something that should have and has put pressure on the averages. No, no, didnt impact them. The market went higher. How about the fact when you have a strong dollar that usually means oil goes lower, right . No. Not today. Oil went higher. Even as everyone has been brainwashed into thinking a stronger dollar means weaker oil. We had a universal judgment every oil company is loyal to the buyout. Royal dutch was down again today. And for the record alcoa kicked off earnings season last night with a Strong Quarter that supported an excellent 7 Revenue Growth and gave a robust forecast for every single aspect of the economy. Autos, nonresidential and construction. The reaction . Got hammered. No one seems to care at all. That wont be the case soon enough. I cant blame anyone for reacting to mergers all excited and stuff or possible mergers. Thats because investors pile into any company that merged already or seems to be on the verge of merge. You need t