Tenyear below october lows right around 1. 8. 30year, a record low, above 2. 40. Road map begins like this futures taking abig hit. Monthly retail sales log the largest drop since this time last year. Banks on the hot seat. Jpmorgan misses estimates across the board. Well hear from wells fargo. Good year for gm . Auto giant expecting improved profits in 2015. Futures extending losses as weaker than expected retail sales in the u. S. And concerns about Global Growth. Sales fell. 9 in december even if you strip out gas and autos, sales in most other categories fell below estimates on a day where the world bank jim, says global economys running on a single engine and that is us. 24 hours ago a mark up 1. 5 . Everything seemed great. Then copper fell kb homes disappointed, next thing you know were down big. I caution people that we open down very big, maybe midday something happens thats not so bad. I didnt think wells was that bat bad. Just disappointing, except for people who have been f
To one particular factor. So many things going on. Earnings season has begun. Oil prices were lower again. We got down below 250 on the 30year 30year. Below 1. 9 on the 10year yield. The president met with congressional leaders. Theres talk they were talking about trying to think about military action against Islamic State militants. So all kinds of things going on simultaneously. Not only all of those factors bill already mentioned, throw on top of that whether the European Central bank might see a block offing blocking of its quantitative easing. Well talk about more on all of that with our panel in a second here. Again, to tell you where we stand going into the final hour, the dow is off 118 points. The s p is giving up 16. Look at that were almost right back at that 2,000 level on the s p. The nasdaq meanwhile down about 27 on this tuesday. Turn around tuesday if you will. Weve had two turn around tuesdays today all in one. Joining us in our the closing bell exchange, theres amy wu
Big news in m a. Berkshire in deal to buy duracell. Walmart cautiously optimistic for q4. Cisco out with earnings topping estimates. The Company Sales forecast sends the stock lower. Ciscos chairman John Chambers is going to join us in a half hour. First up, buffet is making a bet on batteries. Berkshire hathaway agreeing to buy duracell from p g. Terms call for 4. 73. In the release adownsing the deal, buffet said, im always been impressed by duracell as a consumer and longterm investor in p g and gillette. Duracell is a leading global brand and will fit well in Berkshire Hathaway. He sat on the board. The stock had run up in anticipation of something big. This was not big enough for some of the shareholders. Proctor up about 10 this year. I think people were expecting big cash pay day or maybe a spinoff it. Dont think people should sell proctor down. This is a quintessential cash cow company. I think everyone knows the brand name is good and he likes brand names. P g might be down on
Boca raton, florida, newlyelected governors discussed their campaigns and their political agendas. The panel is made up of governorselect from arizona, massachusetts, maryland, texas and arkansas. Theyre joined by new jersey governor and rga chair Chris Christie and former mississippi Governor Haley barbour. This is an hour. Ms. We started this year, we had a daunting task ahead of us. We had a pretty difficult map. We were defending 32 of the 36 22 of the 36 races including 19 incumbents in nine states that president obama had won twice. We were able to successfully defend 17 of our 19 incumbents, we won the biggest states in illinois, michigan, wisconsin and florida. And we picked up four states that were previously held by democrats. You see a number of those all of them a number of them represented here today; illinois, maryland, massachusetts and arkansas. Arkansas. I was thinking about states that obama had won twice. And today despite 300 million spent by Public Sector unions, t
The productive use of Americas Energy resources in this congress and where we will be able to capitalize on our countrys energy prosperity. And i am excited and looking forward to an open amendment process where we can do our jobs where we can offer amendments where we can debate those amendments. And most importantly where we can vote, because that is the only way that we are held accountable to our constituents, the American People. Thank you mr. President. I yield the floor. A senator mr. President . The presiding officer the senator from minnesota. Mr. Franken mr. President i ask consent that senator newer if i be that senator murphy be recognized for five minutes following my racks. The presiding officer thank you. Mr. Franken thank you. I also ask that a fellow in my office be granted floor privileges for the remainder of the 114th office. The presiding officer without objection. Mr. Franken i rise to talk about an amendment i coauthored with senator murphy and senator manchin. O