Im stephanie ruhle. Eric was under the weather this week. Im happy to be back. Breaking news about the housing market. Home sales for december are out. Scarlet fu is in the newsroom. Unexpected decline in the number of contracts to buy previously owned homes. It comes from the National Association of realtors. A drop of 3. 7 for the month of december. That is the biggest decline in the the year. On a yearoveryear basis, pending home sales increased 8. 5 . That a small at the what economists were looking for. They were into speeding an increase of 10. 5 . S p 500, paring it is extending losses following the news. We have the 10 year yield pretty much where it was. We will continue to monitor all of this. The fed has said it is data dependent. This shows the housing industrys recovery is still on even. That a scarlet fu with the latest. Lets take you to the bulletin. Top is the stories. Shares of alibaba are getting beat up today. The stock fell as much as 7 after the Chinese Ecommerce C
With the dow gaining 225 points the s p climbing 49. 9 , and the nasdaq jumping. 89 . This is the type of day when i like to talk about the negatives. I like to talk about what has been causing the selling of late but not today. You see, i dont like to pile on and bring out the dancing bears only on those horrible days. That is what the other guys do. That is worthless. Im not going to let you panic, so use this amazing positive day to do some learning. Let me give you the narrative that so far in 2014 has kept it from rallying let me prep you, so then you will know the drill and you will be ready. Its crazy out there these days. There are too many things happening all at once. That means a rush to the exit every time they see their shadows, now they didnt see them today. We all know the stock market has been on a major tear since the bottom in 2009. We know that the rally attracted many a new investors some of whom were turned on by exciting Companies Like tesla, and netflixs and of c
Starting with the Swiss National bank. Not just the Swiss National bank well get to it with the huge shocking moves, in currencies, also the fact that india cut Interest Rates, even the bank of korea. What were seeing now is going to continue as europe then has to decide just what moves it will take next week folks. We are living in crazy times. A race to the bottom. Or as our friend in currency terms. The bond fire of the currencies. Exactly. Now people are starting to look at gold again. You have to wonder once this volatility settles down we will be able to get back to quote unquote basics or we are embarking on another experiment of historical proportions. Were he going to talk about all that and have a special show lined up to do that. Joining us jim grant by the way who called this on the swiss from the grant rate observer former Time Magazine chief Walter Isaacson and henry mcvie will give us his outlook for 2015. Looking forward to all those interviews. Dow giant intel is due o
Doing. Totally tell, totally insensitive, totally terrible. I wasnt bothering anybody. Reporter the cleanup and relocation of campers is costing the city 4 million. San jose has already helped almost it 200 and squads of Police Officers were on hand to help evict the last 30 or so people but it all went smoothly. Why is this the right thing to do . No one should have to live in these deplorable conditions. Reporter the shantytown along the banks of the coyote treat is toxic due to piles of garbage and human waste. This is an unsafe, unsanitary environment. Reporter it was a case where san joses hand was forced by state water. Fish and wildlife and one environmental group. They all threatened to sue over pollution. Where do you think youll live . Uhm [ pause ] i dont know. Reporter you dont know where youre going to spend the night. Well, they will probably arrest me here if i dont move. Reporter for this vietnam veteran and his dog, they have no shelter plans. Son. Mom reporter but at
Town in the north. The hunt for the paris terror suspects. One suspect turned himself in. Two other suspects were believed to be heavily armed still on the run. [ church bells tolling ] a nationwide moment of silence as all of france is on high terror alert. Many are leaving pens. Thousands of people gather last night saying je suis charlie, i am charlie. A massive arctic air blanketting most of the country. Forcing schools to close. Divers have been deciding how to get to the airasia black boxes and the tail section has been locate on the seafloor. Angry protesters gathered where bill cosby performed live. Did they send you out here to freeze your pudding pops off . People visiting disneyland took home a souvenir no one wanted. A highly contagious rash known as the measles. In new mexico a pickup truck smashed into a city bus. He got out with only minor injuries. All that oh good god, started dancing like a lunatic. And all that matters i know very few people go into comedy as an act