Youd see ds in arhett mettic and current events, another another es in science and reading comprehension and flatout fs in everything attitudinal from attention paid to helpfulness. Dow climbing today 104 points, nasdaq jumping. 56 and i hated the class work. In some cases the people who are getting these subpar grades they toil in the overpaid vigors of the brokerage houses that played such key roles in recommending stocks. In other cases its the fearful sellers who dump things all at once for no particular reason. Maybe its because theyre [ scary voice ] and buyers who only want to come in when the smoke clears. Let me give you examples of the secondrate schoolwork thats become routine in this moronic market. I want to start with boeing because the attention Deficit Disorder here is ridiculous. All the rid until the world is not going to solve this problem. Let me tell you, heres the problem. For weeks now as boeing slid into the abyss of being the worst stock in the dow ive urged yo
We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hill. Hell testify before the House Financial Services committee. Thats at 10 00 eastern tomorrow. Then repeating that performance in front of the Senate Banking committee on thursday. A lot to chew on there. Politicians are expected to grill him about the feds Bond Buying Program and plans for tapering and, of course, if widespread rumors that bernanke will step down in january true, this could be his last Monetary Policy report to congress. I bet he would miss that. We should also note that tomo
Economy with a specific goal of achieving a substantial improvement in the outlook for the labor market in a context of price stability. Stocks didnt react much to his comments. Trading in a narrow range. But this is probably exactly what the chairman had been hoping for. He stressed volatility has come down in the markets as heny th the markets have gotten a better understanding of what it needs to do. The futures at this point are indicated up for the dow futures and s p futures. Dow futures up by 33 points. S p futures up by 1. 25 points. Nasdaq futures indicated down by half a point. Beyond bernanke, few other events of note. Weekly jobless claims, the philly fed survey and leading economic indicators. And we have Quarterly Results from Morgan Stanley, United Health, verizon and black rock among many others before the bell. It will be keeping us busy this morning. Beyond bernanke. In earnings news beyond bernanke. Were beyond the birthday. Yes, we are. I would have gone with 21, by
good morning. one controversial weekend bailout. tend result? euro fears re-ignited. global markets under pressure because of cyprus? a golf course? it s monday, march 18th, 2013, and squawk box begins right now. good morning, everybody. welcome to squawk box here on cnbc. i m becky quick along with joe kernen and andrew ross sorkin. there is one top story this morning with many ripple effects. this weekend, the eurozone decided to force bank depositors in cyprus towards a bailout. yesterday, pimco s bill grows tweeted sell euro, as well. people were listening and the market was already ahead of him at that point. the euro right now is trading at 1.2961. but the biggest drop we ve seen since january 2012 came in the euro and this is after a sell-off that we ve seen since february, where the euro has been under pressure. again, the euro was down by 1.3% in trade. right now, the european markets, you re right, aren t reacting terribly to this. france, the cac is the worst