Crude oil hitting 104. 12, the highest intraday level in more than a year. Road map begins with markets. Bond yields rising, oil back off 15month high. Well break down what it means for all of your investments. Other questions over the crash landing of course in San Francisco airport that left two people dead and dozens more injured. Live on the scene. Crisis in egypt continues. Politicians fight over who should govern the country. Live to cairo. The latest details on the dell buyout. Michael dell key endorsement could bolster his plan to take the company he founded private. Futures climbing with the s p on track for its third day higher ahead of alcoa earns this afternoon which marks unofficial start of earning season. The tenyear slipping back to 2. 69. Dollar at threeyear high against the euro. Interesting session after the jobs number, which in itself was a wild ride on friday. Right. Lost ground in the morning. Made it up in the afternoon. First the tenyear had the big move. By th
That was the question of being the top for stocks. The closing high was below that. 17,279. Today the dow trying to stay positive and the s p. Nasdaq higher and the russell, scott, which has turned weaker and plenty of atngs. I have been saying throughout this week that among the people im speaking with, thats the thing theyre watching maybe more so than the other internals within the market is follow the russell, follow the small caps. But yesterday the Third Straight day of a 1 or better gain. Rolling over a little and rolling over a little, the market off the best levels, as well. Watching the small caps. Art cashin saying its all about crude. Lets get right to it. Joining us is john manly, christine shore, david darst, steve parker and our own rick santelli. So, welcome one and all. Rick, i am going to start with you, actually, here because this morning we heard from janet yellen. She was talking about inequality. European central bank may be talking about further asset purchases.
Gerri our top story, new momentum to put a kill switch on all cell phones. Its a way to permanently that is disable them so they are useless to thieves. Congress now taking up the issue. Smartphone theft counts for a third of all robberies in the u. S. According to the fcc take a look at these surveillance tapes. Phones snatched, people assaulted, beaten for their phones. Some victims, even killed, with me now, paul whose daughter meagan was shot and killed for the iphone. With us meagans sister. They are behind this new effort to make sure no family goes through what they went through. Welcome to you both. Great to have you here. Youre on set with me. I want you to tell me what happened to your sister. Well, my sister was walking to her car and at the time she was in st. Louis. My family lives in chicago. She was traveling there to the weekend and visit friends and play in alumni volleyball game at st. Louis university where she played volleyball. She was walking to the car calling my
Guys, thanks. Gentlemen, thank you. Thank you. Good to be here. Good to see you both. Becky, thank you. Make sure you join us tomorrow. Squawk on the street starts right now. Good tuesday morning. Welcome to squawk on the street. Im Carl Quintanilla with melissa lee, jim cramer and david faber here at the new york stock exchange. Retail sales out about 30 minutes ago, up half a percent in december. Europe also fighting off the blues this morning, as germany has some lower than expected estimates, Fourth Quarter gdp. Our road map begins with a warning this morning from fitch. That the u. S. Could lose its top Credit Rating again if theres a delay in raising the debt ceiling. Fitch said the pressure on the aaa is, if anything, increasing. We are four hours away from facebooks secret announcement in menlo park. So far, the guesses range from a facebook Search Engine to a facebook phone. Would either product help lift the stock back with a high water mark. The debate kicks off whether dell
Department says the data is not complete, two states with faulty data. That number is probably going to be revised. Europe wrestling with euro production down. In the oned by putin in the times calling for caution in syria. Facebook looking to hit a second consecutive alltime high today. Ceo Mark Zuckerberg changes his tune about the ipo process. Shares of lululemon. And an initial public offering. Ill have more details in a moment. Weve had three tripledigit gains in the dow. Last time we had four tripledigit gains in a row, never. Doesnt look like were going to do it today judging from futures. We did have an eightday streak in july, longer than the sevenday streak. The s p, yes. I was looking at the s p. After that it didnt go down immediately. August was tough so maybe i dont know. Last night im watching the tape and unfortunately we saw some tough numbers from jay crew, which it just shows you if apparel how tough apparel if jay crew didnt do that well and theyre the best there is