Is stranded. The polar star was in the region for another mission. Former First Lady Barbara Bush was released from the hospital this morning. Doctors say she is doing well. Houston Methodist Hospital had been treated the 88yearold since monday for pneumonia. She praised the hospital staff saying, quote, i got the best treatment and got back to george and our dogs as quickly as possible. Those are the headlines tonight. I am jonathan betz. Stay with us. Real money with ali velshi is next. You can always find us online. Just go to aljazeera. Com. The rise and the Housing Market is starting to cool off, and thats a good thing. We will explain. Plus, have you heard of that online currency called bitcoin . Its not the only game in town. And somebody is getting a big payoff, well show you who is getting a big payoff off the ncaa. Ienl David Shuster in for ali velshi and this is real money. This is real money and you are the most important part of the show so join our live conversation for t
Next half hour aj realmoney. In december Consumer Confidence surged close to where it stood before the government shownd in october. That episode of washington dysfunction helped to drop the conversation boards low in november. Consumer spending accounts for growth. In addition to a stronger job market and an incredible year for stocks Many Americans are feeling more confident and wealthier because of the rebound in home values. Home prices for 20 cities tracked by the s p case shiller index jumped compared to the year earlier. Thats the biggest jump in eight years. Thats a cautionary note. Cooling off just a bit. Prices rose just 2 10th of a percent. S ps David Blitzer said, we are living on borrowed time and the boom is fading. The question is kment where does the Real Estate Market go from here . Zillow forecast that u. S. Home prices will increase 3 in 2014. To put that in context, zillow said prices went up when 7 in november. 30 year Mortgage Rates rising to 5 by the end of the y
Prices and a drop in Consumer Confidence. Welcome to the most important hour of the session. 59 minutes to go before the closing bell. Slow down. Today. Excited we will see. Two points away. Get you back. Im excited to be here. There is news that interests me. Care are a number of other stories today i would love to get to. We have good stuff. Please matt right now by talking about tesla. Biggest gains we are seeing today. Morgan stanley doubling its prices in stock this morning to 320 in share in part because of its new Battery Technology we think is coming. We do not know exactly what is coming yet, but a lot of options surrounding it. At the same time, Consumer Reports are coming out with rankings of cars and finding the model s is the best overall car. All of that will be lifted shares. Macys is also doing well today. The company posses samestore sales did not perform as well as per as expected in the last quarter. Most of it had to do with the weather in january. That is what the
Heres a look at whats making news as we head into a new week on the money. The selfkraetd created crisis is solved for now. There was a deal passed to extend the debt ceiling so the government can pay the bills it has already incurred, but only until february 7th. The government will stay funded until january 15th, which means the federal Government Shutdown is over, and the spending cuts of the sequester stay in place. The markets like the deal, and by thursday the s p 500 closed at an alltime high. Stocks continued to climb on friday. A busy earnings week. Dow components and General Electric beat analyst expectations, though revenue fell short. Among technology companies, yahoo, google, intel, and ibm all beat analyst estimates, although ibms revenue citi fell short of estimates, bank of america, and goldman both beat estimates, though goldman was short on revenue as well. Washington managed to step back from the near crisis it created, but we may have to do the same thing all over a
Good morning. Welcome to squawk on the street. Hope you all had a good christmas. Im melissa lee. Were live from the new york stock exchange. Jim cramer has the day off. The latest s p schiller home price report has been released. The results being shown at the bottom of your screen. David blitzer will join us with a closer look at the numbers in just a few minutes. Lets get a check on how were setting up on this day after Christmas Trading session. The dow looking higher by about 15 points. S p looking at about two points at the open. European markets closed on this day after christmas. The uk and france among those celebrating foxing day. We start off with, what else, retail. Dips in spending in the midatlantic and northeast regions. Luxury sales also weak. Were coming off the worst Christmas Eve for the dow since 2006. As the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. Threatening both coasts with workers snubbing