Biggest gain since june of 2012. Crude prices rallying. Now 6 as you can see to 47. 41 on west texas crude. Weve given back some gains. The gains we saw on the settle. Nevertheless, enough po move theto move the markets off the low. Meanwhile, its the hottest ipo weve seen in some time. Were talking about shake shack. Up 132 or nearly 28 from its opening price. The burger destination causing a big commotion in the neighborhood. These are the lines outside until just about an hour ago. They had set up popup locations for the ipo assignment. They were free, open to the public. We both couldnt believe how long this line was. Look at it there. Stretching all the way down broad street. The valuation i read for where were trading on shake shack, 26 27 million per outlet. Not bad. Well watch as they continue to expand. By the way, guys down here on the floor arent too maple leaf. They didnt get those shake shack burgers. They didnt get them. Jpmorgan was the lead underwriter for the deal here
1. 97. Our road map begins with a rally in the markets. Coming off a volatile day. Futures in the green. Adp numbers higher than expected as well. Jcpenney is feeling the holiday cheer. The stock is up nearly 20 in the premarket. Bill ackman is still unimpressed. The shooting at a paris office of a satirical magazine has left 12 dead. Well continue to bring you developments on that. First up, futures up sharply as the s p and nasdaq look to snap fiveday losing st the s p is in the midst of its second worst threeday losing streak to start the year since at least 1950. Oil prices also higher after brent fell below 50 for the first time. Ahead of the friday jobs number, adp 241. Not bad as theyve realized december higher. I dont know. Blankfein on squawk today. I thought the adp was interesting. Looks like the firings in the oil patch are either not impacting or theyre just not as great as we thought. I also felt that when i looked at the difficulterent earnings we got, we got some good o
Were less than one hour away from the decision. Our full coverage here on cnbc starts right now. So as we were saying its decision day. Just under an hours time the fed releases its latest statement on rates and the economy. It comes on the heels of a very week gdp this morning. Will it change position on when to raise rates . Steve liesman will break it down. Reporter fed watchers expect the fed statement to take note of the weakening economy. The big question is how much of the weakness in todays disappointing 0. 2 rise in gdp. The fed attributes to temporary factors compared with permanent ones and whether we get a huge Second Quarter bounce back the way we did last year. Now severe Winter Weather in the east, port shutdowns in the west those are the obvious temporary factors but the negative effects of a stronger dollar in terms of exports and decline in Oil Prices Also played a role. No one knows how long they will hurt the economy. What we do know it was another weak First Quarte
Good morning, im caroline tyler. Thanks for joining us. Heres meteorologist lisa argen joining us from the roof deck. Good morning, carolyn. Pretty nice up here. Plenty of sunshine and about 50 degrees. As we take a look at live doppler 7hd notice there are clouds in the form of fog. Not only in santa rosa, but also in the east bay. Livermore up to five miles visibility. Thats an improvement, as well as santa rosa, you are less than a quarter mile. Things are definitely clearing out around the bay with the light winds and the moisture we had some more visibility for much of the morning but sunshine on the which for all of you. Temperatures in the 40s and 50s. We will see upper 50s by noontime, low 50s to 60s around the bay. Theres a slight possibility of rain. We will talk about it when i go over the forecast in a few minutes. Thank you. We begin with developing news out of oakland. A burned body was found near the park. It was discovered after 10 00 last night on skyline boulevard nea
A short week as well. Actually tuesday. Julie hyman keeping and i on us keeping an eye on things for us. Forest labs is the first victory we want to look at today because it is being acquired by activists, an irish drugmaker adding to the portfolio of branded drugs. Genericmerrily at drugmaker until the acquisition. 29 . T this is a cash and stock transaction. Ooking at Cocacola Cocacola shares are lower today. Volume only of one percent. This is taking its toll in terms of coach numbers. Tesla shares are trading at a record. The head of apple meet met with elon musk talking about potential partnership. Enough to send tesla shares to a new record. Not a lot happening as far as the broader indexes today. One of the reasons i am laid back, not just because of the short week, but because we made up all of the losses. I am matt miller filling in the s p, all of the losses for this year. Started out to be horrible. For adam but does not mean we cannot have inside and action. We have the bes