It is positive. Nine days of the last ten trading sessions. S p 500 also on track to close at a record high for the 52nd high in 2014 and nasdaq just turned positive for the month of december. And is trading around the highest level since back in 2000 and a close eye on the russell 2000. The index of small caps trying to close at a new high. We are seeing intraday records for the First Time Since june. If it does close at a record, thats the First Time Since back in march. And just think last october it was down as much as 20 from that march 4th high. Talk about a round trip for the small caps index. Incredible rebound. Talk about it with the guests today in the exchange. We have rob morgan with us. Jim lowell. Nicole sinclair. And our own jeff cox from cnbc. Com. We have trader Matt Cheslock and, matthew, ill start with you. What do you make of whens going on right now. Back at alltime highs including those small caps that were hit so hard through much of this year. Yeah, well, time t
Driven by the uk. The ceo tells cnbc asia why is still an area of growth. The bcb tells cnbc he would prefer to stay if possible. We still believe, as well, for us its better than other stockes and other stocks is changing. Unfortunately, this was not our decision. Japanese Prime Minister shinzo abe reportedly told his party he will delay a tax hike and hold snap elections. This coming a day after japans economy unexpectedly slips into recession. Matthew beesley, head of Global Equities joins us in studio. It was the yesterday japan reporting that it is in recession. The question is, whats next . Does japan stay mired in recession or do these new policies that abe will potentially unveil help revive the economy . Whats clear, it would have been bad. At least in our time, company investors, lots of Japanese Corporates. Theyve all been saying a second rise in consumption tax would be negative. So abe is listening to the economy, lisping to stock market, and hes reacting accordingly. At l
Clean debt limit increase. Under no circumstances . I told the president theres no way were going to pass one. The votes are not in the house and the president is risking default by not having a conversation with us. By moodys ceo says the chance of a u. S. Default is extremely unlikely. That reflects our thinking that it is extremely unlikely that the government treasury is not going to continue to pay on the treasury securities. Hopefully it is unlikely that we dont go past october 17th and fail to raise the debt ceiling, but even if that does happen, then we think the u. S. Treasury is still going to pay on its treasury securities, prioritize those payments. Still, the dollar is trading near an eight month low today amid debt default fears. Take a look at whats been happening. You can see that the dollar is down against the euro at 1. 3572. The dollar is at 96. 96. Well talk more about that with john harwood. First, andrew has a roundup of the mornings top stories. Andrew, welcome b
For what happens next. In corporate news, becky, apple hold ago product event in california today. The company is expected to unveil the latest event to the companys new line. Mavericks operating system. In other tech news, nokia launching its first tablet today along with two large screen smartphones. These are among the last products the company developed to compete with apple. And samsung. Before deciding to sell its hand set business to microsoft. Microsoft, service 2 and service 2 pro tablets go on sale in 22 initial markets today, including the United States. Both are updates of the first generation surface tablets released last october. Improvements include increased battery life and higher resolution screens and camera peps joe, get your geek glasses on today. You know what, steve . I am more interested in this jobs report than the next one. I dont why . Because im not interested in what the shutdown did. Im interested in the basul level of the next two will be a mess. The expe
The jolt report coming out at 10 00. Then we have the Kansas City Fed survey, as well. Equity futures this morning, at this hour, at least, are indicated higher. Dow futures indicated up by about 50 points above fair value. S p up by about 6. 5. Andrew, back over to you. Good to have you back. Thank you. Its good to be back. This is a very different place than cnbc asia and bernie. Well talk about that in a bit. Rr done nelly is going to buy consolidated graphics for 620 million. As joe was just mentioning, bank of america lost a fraud trial over u. S. Mortgages yesterday. Live on fraud for claims related to defective mortgages for funds sold to its countrywide unit. And finally, Lehman Brothers, remember them . The Lehman Brothers holding company, this is the one that sort of went through the bankruptcy process is suing giants stadium. It wants to recover more than 100 million of a canceled Interest Rate swaps contract that would used to hedge bonds issued to the arena. The lawsuit ca