Since then. Were going to look back this hour at some of the highs and the lows, and well look ahead. First lets go to sarah eisen. Welcome. Thank you. Its good to be with you here on this birthday of cnbc. Were watching the markets. Stocks struggling to post four days of gains for this shortened holiday trading week. Although the s p has recovered from earlier losses and is now in positive territory. Just the dow is down just marginally here. Ibm dragging the dow down. Weve got the nasdaq also positive, up almost 0. 25 . And weve got a pair of market gurus here on the floor of the new york stock exchange. Dominic chu and kenny polcari, cnbc market analyst. So can we go 4 for 4 here . This is a crazy market. You know, it has been, but dont forget, its a short week. A lot of people that are out. Were right in the middle of earnings season. Weve got all these other headwinds. The market being a little bit psychotic. Yesterday with Janet Yellens confused is the word. Either way, right . J
Work today after last nights win. The road map goes like this, earnings beat for citi top and bottom line. Stocks up sharply as the Bank Announces its settlement with the government, 7 billion for, quote, egregious mismanagement. Far from the only deal news, well have more on mylan, for example, in a moment. Markets in the green on this monday. Goldman raising forecast for the s p, as we gear up for that busy week of Economic Data. Apple, barclays back on board ahead of iphone launch. Sees a weaker samsung and a stronger tim cook. First up, citi group, reporting Second Quarter operating profit, 1. 24. Revenues above consensus. Citi taking the charge of 3. 8 billion in q2 in connection with the companys 7 billion settlement with the doj regarding Mortgage Securities sold ahead of the 2008 financial crisis. Trading revenue down 15. Not as bad, jim, david, as some expected. No. This was in contrast to wells fargo, expectations were so high going into the quarter, there really was a lot of
Sending out a note of what it calls the 40 cheapest stocks in the market. Can they make you money . Well, were going to give you the list throughout our show today. First though, down to sue, nyse. Hi, sue. Hi, ty. Right now the markets are falling a little bit, not all that much, but its the Third Straight day to the downside. Right now the Dow Jones Industrial average is down 47 points. The s p 500 is off about 6. 25, and the nasdaq off 16 and the russell 2000 off 7. 5. In terms of Interest Rates, we actually moved down a little bit on the Interest Rate earlier this morning, and were at 2. 61 . Comex gold is snapping its losing streak, up about two bucks on the trading session and brent crude is down half a percent. Kenny polcari a cbs analyst joins me as does bob pisani. Kenny, what are you looking in the markets today . The overall tone, the sense and lack of clarity and giving softness away. I think its very clear, i dont think its anything that people have not expected or underst
Have eurozone unemployment ticking higher slightly. A mixed bag there. Little change overall in europe. Our road map this morning starts with what else . The fiscal cliff. The president heads to a pennsylvania toy factory pressing his case for a proposal that actually leaked last night seeking 1. 6 trillion in tax hikes. Republicans in morning balking and cliff fears prompt another company to issue a dividend and its whole foods. Owner of taco bell, kfc, have warned that sales hit the skids. The shares yesterday hit a fresh high. Facebook unlikes zynga. Zynga shares are plummeting this morning on the news. Never an ego boost for the ceo when the stock falls on the news that hes keeping his job. Thats exactly whats happening with groupon as the board keeps andrew mason. The president heading to a pennsylvania factory this morning. Republicans have given a thumbs down to the president s plan which includes a 1. 6 trillion tax increase, 50 billion in Infrastructure Spending for next year