Ultimately either be eliminated as they were in canada, and when they were eliminated in canada, everybody said, oh, my god, its the end of the housing market, and it was hardly a blip. Or it will be cut to deductions on the first 100,000 or something, so youre effectively protecting the middle class. Thank you for this. Yeah, sam, it has been a pleasure having you here today. My pleasure. We really appreciate hearing from you. Sam zell has been our guest host for the last two hours. Youre putting your money where your mouth is. Its all about rental properties. Thats right. Sam. Thank you, appreciate it. That does it for us today. Make sure you join us tomorrow. Right now its time for squawk on the street. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, along with Carl Quintanilla and david faber. Jim cramer is off this week. Today weve got treasury secretary nominee jack lew heading to capitol hill. Lets check on where we stand in terms of u. S. Futures. It lo
Hello, this is todays worldwide exchange, im ross westgate. Im kelly evans. These are your headlines from around the world. Shares of stocks fall after the french bank swings to an alltime low. The ceo says hes optimistic. Im confident we will show a further market share gain. Heineken shares pop after the giant raises its outlook. And peugeot rolls out its recovery plan. And the first 30year bond in years. The test of Market Sentiment ahead of the election. And president obama uses his state of the union speech to urge congress to end the battle over the budget and Work Together to boost the u. S. Economy and help the middle class. Together we have cleared away the rubble of crisis. We can say with renewed confidence that the state of our union is strong. There we go. Who doesnt love to kick off a wednesday morning with the iea Monthly Oil Report . They have lowered their Oil Demand Growth expectations on weaker gdp forecasts. Demand growth, 840,000 barrels a day in 2013. Theyve cut t
An address to congress tonight. And stocks getting a slow start to the week. The s p falling for a fifth straight monday. Today is tuesday, anyway, february 12th, 2013. And squawk box begins right now. Asian markets shrugging off the tests in north korea. But markets in china, taiwan remain closed. North korea says a miniaturize ed Nuclear Missile was tested. The u. S. Ambassador to south korea responding to all of this. Its a very provocative act that undermines Regional Peace and stability and i think it would be critical for us to coordinate very closely with you and our colleagues in south korea going forward. Were going to talk more about washingtons reaction and what this all means for geouncertainty and our guest hosts for this hour, Jared Bernstein who works as the chief economist for joe biden. Tony is joining us and Capital Alpha markets managing director Chuck Gabriel. Theyre also going to talk state of the union. John harwood sat down with dave axlerod yesterday. He will jo
7 30 this morning. Obama the underdog versus romney the ascent dant is the dominant narrative on the trail. Patrol this in my voice is getting hoarse. Have to keep on keeping on. Were going to win november 6th. Were going to pull an allnighter. No sleep. Weve had a number of debates lately. You know they have really propelled our campaign. I believe in you. I need you to keep believing in me. The Obama Campaign is slipping. And shrinking. We always knew this was going to be a close race from the start. Folks in your business were writing me off a year ago, saying theres no way i would win. If im elected no, when im elected ive come to ask you for your vote. Im optimistic, not just about winning, we are going to win, by the way. Dont boo. Vote vote the Obama Campaign is also out with this new ad showing consequences of staying at home. 537, the number of votes that changed the course of american history. Florida is too close to call. The difference between what was and what could have b
In california this morning. Were thrilled to see them. Theyre going to be talking to a number of people in the world of business and politics. Well talk a little golf, see how joe is doing out there. Joining me in pseudo, our own Steve Liesman and book brusca. Then in the next hour, Jeremy Siegel is going to join us on set to make his bullish case for the numbers and then, nemo, the powerful storm taking aim at the east coast. Forecaster res warning it could be among the worst ever, more than two feet of snow possible in boston. Many cities are telling residents, dont travel if you dont have to. Airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. Were going to check in one on friends at the Weather Channel. Just a couple of minutes for their latest forecast. Also in the news, the Justice Department in multiple states reportedly discussing suing moodys for defrauding investors. Any move likely to make a similar rival against Sta