Guess whos here. Thats jim cantore. This is jim cantore, mr. Weather man himself. Hes got the whole thing, thank you. You did very well. Thank you very much. So did you. He told me it was going to be very hard to make snow balls in this weather, right . I did. Andrew too dry. Andrew, we cant wait to see you back here. Have a safe trip back. That does it for us. Squawk on the street starts right now. Appreciate it. Good friday morning. Welcome to squawk on the street. Im melissa lee, with jim cramer and Carl Quintanilla and david faber. How are we poised to start the friday morning session. Right at the open, the s p 500 looking to add to fiveyear highs at this point. Looking at about six points. As for europe, gdp figures in the uk nearing a tripledip recession. Capping off a big week for the nikkei, up almost 3 for the week. Our road map this morning, dow taking aim at a new record high on track for the best january since 1997. The s p also poised for its longest winning streak since
What is it doing right now and how is it affecting businesses in the United States . We have Team Coverage following the path of Hurricane Sandy. Steve harrigan has the impact from ocean city, maryland but right now lets take it to jeff flock in Point Pleasant beach new jersey. Jeff . Jeff a little bit of ground zero for you, liz, at this hour south jersey really in the sights of this and for the worst of the storm. Its extraordinary in i have not covered a hurricane that has been the on set of which has been like this, which is just steady blowing, raining, coming at you, a sandblasting you, and no letup. Usually theres a letup. Usually there are fingers, there are ribbons of intensity that come in. This is just all blow coming straight at you. Take a look at this sea foam on the beach, and i will tell you, we are not that far away from low tide. The key is going to be tonight when we get to high tide here because you see that surf behind me, the wind that has been pushing that surf b
American banks on guard for a new round of cyberattacks. Your money could be at risk. We will talk to one cybersecurity expert who helps banks, Stock Exchanges or more protect themselves from attack. Lori a blockbuster deal for the Intercontinental Exchange, taking over the 200yearold wall street institution in an 8 billion deal. Charlie gasparino has new details. Lets get updated on the markets, stocks belong. As we do every 15 minutes, we will check with Nicole Petallides. Nicole stock market bumping along not far off of the unchanged line so the dow industrials are up nine points worth a gain of 0. 1 , the tech heavy nasdaq is one of a three with the down arrow and sweeping out a game today. We are continuing to follow nyse very closely on the heels of the deal that Charlie Gasparino noticed yesterday and it did come to fruition this morning, Duncan Neiderauer was here with the ceo of the eyes, Intercontinental Exchange. They were chatting about the deal that has come to fruition, 8
Dennis i am dennis kneale. Lori i am lori rothman. Flipping ahead of the all important jobs report. Dennis Spring Cleaning at facebook. We are live at the social media giant headquarters has facebook unveils its new look. Lori president obama steps up. The hopes reuniting talks i installed budget deal. Dennis how to break out of the office grind. We have had some well researched tips on how to stay health happe job. Lori time to check in with nicole celebrating a major milestone with 25,000 hits today. Nicole up one third of 1 . All three major averages have hit, record highs for a certain extent, nasdaq and s p multiyear highs, alltime record intraday highs. They felt their lowest level in more than a month in the week, so that is some good news. Productivity and labor cost basically Shows Americans are working long hours, but extremely productive. Take a look at names of the Dow Jones Industrials actually hitting multiyear highs, names including pfizer, johnson johnson, boeing, jpmor
Melissa hi Melissa Frances lori i am lori rothman. Dont call a come back. Better than expected earnings and that the housing report and the second day of testimony for ben bernanke. Melissa what should that apple Shareholder Meeting do with its 137 billion in cash . We will bring you the latest as ceo tim cook addresses investors. Lori in two days the sequester it. Will you even notice . We are cutting through the sky is falling hype just ahead. Melissa new fears rising gas prices could spark the stock selloff. Chief Market Strategist jeff kleincop on the stock market peak. Time for stocks as we do every 15 minutes on the floor of the Stock Exchange, Nicole Petallides standing by. The down near the high of the day. Nicole we are right now f1437, high of the day was 1441. As you noted a couple points away from our highs of the day, we are up 137 points. It is a broad based rally. When you check the dow jones industrials, those 30 names, 29 of 30 are actually in the green with the except