Watching this morning. Crude oil prices falling. This is all coming as traders question reports that opec might meet for the meeting in june. Some people questioning those sources but its been something the oil market has been watching closely. In other global news positive developments on the on going greek saga. Athens sending economic reform plans to the euro zone overnight. The proposals include measures to crack down on tax evasion and corruption. And back here a packed agenda of economic and corporate news. Well be getting the the home price index. February Consumer Confidence and the richmond fed survey. Home depot and comcast and macys. We have earnings that are just out from dow component home depot you saw across the screen while becky was talking. Earning 1 per share. Beating estimates of 89 cents. Home depot also announced 26 increase in its quarterly dividend. Now up to 59 Cents Per Share as well as an 18 billion Share Repurchase program. The company did say the strong u.
Good friday morning. Welcome to squawk on the street on this final friday trading session of the year. Im Carl Quintanilla at the new york stock exchange, along with melissa lee. Thats a good song. I actually requested that a few moments ago. Cramer and faber had the day off. The market has a few jitters as we enter what is going to be an interesting day. Of course, the meeting at the white house, 3 00 between the president and some congressional leaders. As for europe, getting some data out of japan overnight and some data out of europe. Currently red arrows across the board, in london, paris, and frankfort. Our road map begins at the white house. Congressional leaders set to meet with the president , 3 00 p. M. This afternoon. Senator reid has already said hopes of a deal are fading quickly. Just two trading days left until the cliff. And its not just the fiscal cliff. Wind farms and dairy are set to get hit. The ports of the east coast and gulf coast are bracing for a potential stri
For the time being. Our road map with the markets under continuing pressure after logging their worst day in more than a month yesterday. Jc penney reporting a smaller than expected First Quarter loss and nordstrom reporting a better than expected firstquarter profit. The seafood lover darden selling red lobster to Golden Gate Capital for 2. 1 billion in cash. A whale tale, the money swimming into verizon. Well explain that later on. All right. Futures as you said, you saw relatively stable after the stock markets worst day in about five weeks. The dow posted the 167point drop. S p fell almost 1 and the nasdaq is now in the midst of a threesession losing streak. During our program yesterday you saw the tenyear note fall below 2. 5 for the First Time Since last october and the russell intraday hit that official correction territory, managed to claw its way out by the end of the day. A lot felt that bounce was significant. You know what, i think that dave tepper really this was a dave te
Index heavyweight. So you have samsung and hyundai for korea, and you have taiwan really pulling those indices down. Keep in mind, these two indices havent really gone up over the past few months, so a lot of money has gone into the markets, so perhaps a little bit of profit taking. Night say it, but perhaps that is whats happening there. For now, ill leave it there. Ill be back later on with an update on your forex markets. Lets get more on the safety of data storage. Zeb having a look at this apparent apple Security Breach. And this seemingly is widening at the moment, isnt it . And its cause for concern, not only for the celebrities, 100 who were allegedly hacked in the u. K. And the United States. Its a concern for all of us, anyone who uses the icloud system, thats because it automatically, if you choose, uploads photos from your device to the cloud. Its supposed to be private, but in this case, which the f. B. I. Is now investigating they said they are addressing the matter. That
Forces. Support is oci. I t democrat asada stormed the president ial policy by god. After he announced he would permit e as resigned from politics. A nationwide curfew is now in effect. Mahmoud abdel, why had has more from the rocky cabin a little while ago we were hearing at bullets whistling past us at this spot. Thats why were in protection. Give all the team here. So as you know that this hurts, other supporters has told me the position la palace to day following his tweet resigning from all the political process. But caretaker, Prime Minister must have was causing me give commands to all Security Forces to be on high alert. Pakistan says it could take 5 years to rebuild after devastating floods. The unprecedented reign to have killed more than 1100 people since june. The planning minister says if cause at least 10000000000. 00 in damage, ukraine says its launch counter offensive against Russian Forces in the south, including an effort to retake his san russian mythos, reportedly h