Only thing that hasnt bounced back, is oil that is in dumpster. Earnings are savings grace for the market. Melissa it is but you have to worry about specter of inflation out there. Fed will still talk about that, markets loving all of it. Rob, what do you think . We look at attack up in canada last week and it is amazing how quickly we rebounded from that. Realistic everybody thought it would be a big issue. Turns out only to be a blip. Not to diminish the problems we had but reality the market seems to be coming back fine. Melissa go ahead, charlie. I hate to quote ed butowsky my sparring partner on Varney Company but he made a good point a lot of people are making to me. When you think about it, the chances of the market going significantly higher than 17,000, in the, in the like, immediate future is very slim . Is market bouncing around between two levels. The question, do you want to get in now . Looks like there isnt much conviction when the dow gets above 17,000. Melissa how much
Finally, it is cold out there. I had to wear my heavy coat and winter scarf and gloves. That is why it is a theory that there you go. All right. Lets move on to the big three. Julie hyman is keeping an ion it for us. Lets start with the biggest incline in the s p 500. Lab corp. Of america. A lab testing company. The Company Shares are down very sharply after the 2014 forecast missed estimates by a wide margin. It is estimating six dollars and . 50. Analysts are looking for more than a dollar more. Basing this on a challenging torating environment uncertainty over the Affordable Care act and reimbursements for that. Global, one of the biggest incline is today. Its forecast is also missing estimates. Prices have been under pressure because its clients are not spending as much on the equipment joy global makes. It is the best performer in the s p on speculation Discovery Communications might make a banner for the media company. People familiar said during a routine discussion, scripps cam
Deal and thiset one is on schedule. It is no grand bargain. It is not even a mediumsized bargain. It is a ceasefire. It means budget piece for the next two years. They do not tackle the big ticket items. No they do not. Taxes, not in there. What is in there . Federal spending is set at a trillion dollars. That will be controversial with republicans. It replaces 63 billion in sequester cuts with other savings. Reduces the deficit by 20 billion or more. No major Big Decisions on taxes or entitlements. How do they replace the sequester . A grab bag. Aviation security fee, federal no terry pension increases in fees. Other savings there. The two people who made the murrayaul ryan and patty , they know this is not perfect, but they feel ready good about it. This bill reduces the deficit by 20 billion. Andur deal puts jobs Economic Growth first by rolling back sequestration. Providing for some sequester relief. We are paying for that with more permanent reforms on the autopilot side of the sp
In a statement, the president called the deal balanced saying it increased target fee increases and spending cuts designed in a way that doesnt hurt our economy or break the ironclad promises weve made to our seniors. Its the first budget that leaders of both parties have agreed to in a few years. The American People should not have to endure the pain of another Government Shutdown for years. House Speaker Boehner said while mottest in scale, this agreement represents a positive step forward by replacing permanent reforms to mandatory spending programs that will produce real lasting savings. John harwood has the latest data from the nbc wall street journal poll. Right now, lets check on the markets. After all of this, we can see the markets are barely budge. Waiting to take their cues, see what they think, see whether this passes, nasdaq and s p down slightly and dow jones up 1. 87 points. Tenyear note down to 2. 808 . Andrew, good morning. Becky, thank you. Mastercard has now announce
Incredible run for the market this year and also his take on this. A new highly polished bitcoin magazine. There it is. Being sent to homes across the nation. Remember, mr. Schwab invented marketing to Retail Investors. Well want to hear his reaction to this one. We certainly will. Huge news out of General Motors, tapping mary berra as new ceo. When will a major wall street bank do the same . Well take a look into that. Right now heres whats happening in the markets as we head into the final hour of the day. The dow losing some ground here, trying to hang onto that 16,000 mark but down about 26 points. The s p is giving up four. The nasdaq is down by three points as of now. 4,065 is the level there. Joining us in our Closing Bell Exchange is amy wu, jerry from platinum partners, mike santoli, and drew from hightower, and rick santelli. As we mentioned, drew nordlick to you first, whats going to take police between now and the end of the year . Scott, we expect to see a santa claus rall