Look weak. Walmart may have protesters outside its doors on friday. Deer misses earnings, and the market shrugs it off. Turmoil in israel with a bomb explosion on board a bus today and a rumored ceasefire that never happened. Crude is up 1 as the secretary of state has arrived in cairo. A big day full of planes, trains and automobiles with tens of millions of americans set to embark on their Holiday Weekend journeys. Our phil lebeau is in chicago with more on the Holiday Travel landscape. How painful is it going to be . You know, carl f youre traveling, you always need a little more patience thanksgiving weekend. For the airlines, theyre keeping their fingers crossed because if you look at a map of the United States, you really dont see any major storm systems. That means if its a smooth weekend, you talked about this being important to the profitability of fourth quarter, thats certainly good news for the airlines. Take a look at the number of people who will be traveling this thanksg
Cramer and david faber. This could be a very big day in the markets. The day after the attempt to pass plan b in the house has failed. We saw the futures down as much as 200 points. Right now were down 162 on the dow. The s p looking to lose about 19 at the open. Most notely were seeing a spike in vix futures. Its indicating more volatility ahead. Europe, largely taking the cues from here in the United States, and the news last evening about plan b. We are seeing a 1 loss in italy, germany is down by. 9 . Of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. An attempt by House Speaker boehner to avoid that class and pass the socalled plan b tax bill. That failed. The measure that would have kept current tax rates for those making less than 1 million a year. It never even made it to the house floor. Speaker boehner is scheduled to hold a News Conference about an hour from now. Of course, well bring that to you live. Here
As well and europe moderately in the red as asia does retreat from the big gains yesterday. We have hit dow 16,000 and s p 1,800. But then those comments from carl icahn yesterday spoiled the party a bit. There could be an announcement this morning involving that 13 billion settlement between the department of justice and jpmorgan chase. If and when, well fill you in. More problems for tesla as the automaker is the subject of a formal government probe involving fires in the model s. The dow hit 16,000, the s p 1,800 yesterday. Both closed below those levels after carl icahn expressed concerns about current valuations, saying that stocks, in his words, could face a big drop. Jim, the story for retail in the Fourth Quarter is going to be price competition and margin pressure . I think companies mentioning price competition, best buy, contrast Urban Outfitters last night, contrast that with home depot and dicks where theyre not talking about that. I was talking with john donahoe yesterday
U. S. Market, especially the nonblue chips will work its way higher perhaps by 20 to 30 in the next year or more likely over two years with the rest of the world including emerging Market Equities covering even more ground in at least a partial catchup. But then he continues, we will have a series of of serious market busts since 1999 and presumably greenspan, bernanke, yellen, et al. Will help happy. And we the people, of course, will get what we deserve. Dow futures down by 11 points. S p futures off by 2. 25 points. It is worth pointing out that we have seen a super strong run since october 9th. Were going to continue to talk about the markets throughout the morning. But first, we heard to some of the mornings top corporate stories. Thanks, beck. I wish we could get someone to look at his recent comments. I cannot remember in recent years him predicting we would get this far. Hes always been pretty concerned, so i dont know. I dont know how to read that. We need someone to look in t
Bhahara expected to speak any time now. As we wait, attorney preet bhahara, lets bring sue back in today. Cnbc contribute tore ron used to work at sec. Bob bazani here at the New York Stock Exchange with me. Its going to be a very busy, very fastmoving hour. Let me begin with you, bob, if i might. What are they watching for . I think there is a lot of concern down here simply because they are a big part of the business. The stock trading business has been awful for years, its a low volume, low margin business, and its widely believed that they are 3 of the total volume down here. Thats never been totally confirmed, but they believe that. Also one of the top Ten Commission payers out there. Any pullback from them could hurt the pocketbooks of sktock traders around the united states. Whats taking place for us this morning . What do we expect to hear this afternoon . Will mr. Bharara going to be taking questions or is it just a statement . I imagine he probably will take questions. Its ce