Playing at the semifinals. This was on her request for the calendar year grand slam. Only one year left to go. There was a lot of excitement last night. Much of it happened off the court. Although what happened on the court was good too. Check that out. Jimmy fallon and Justin Timberlake watching federer play. First the market news of the morning. The u. S. Equity futures. Yesterday it was a huge sell off. It was a decline of over 400 points. From the highs to the lows of the day. The dows closing at the lows. Things are already turning up. Nasdaq up by 49. We also have a news maker for you this morning. David tepper is going to be joining us for a squawk box exclusive. This is the guy that called for the federally. The fed put. Were going to see what he thinks right now a week before the fed makes his next decision coming up at 8 00 a. M. Eastern time. Lets tell you about the other big stories were watching this morning. Economic worries coming from asia. Japans machinery orders falli
There is concern that greece may exit the euro. The Prime Minister says that early elections this month will determine the membership. The Opposition Party wants to renegotiate its debt. That could lead to an exit. Oil has resumed its slump. Prices are likely to go lower and crude is down 2 . This is the lowest point since 2009. West texas intermediate is trading at 51. Plans to oil boost exports to a record this month. Pope francis is trying to demonstrate Global Diversity of the church. He has named 15 new cardinals from 14 countries. Hedge fund founder Thomas Gilbert has been killed inside his apartment in manhattan. His 30 rural son was taken into custody after a standoff at his own apartment. Gilbert was 70 years old. We have some breaking news on germany. German inflation was just 0. 1 . The forecast was just above that. Again, the shows there is no inflation in the eurozone region , giving more room for draghi to start quantitative easing. We are going to have more on hans nicho
Bomb for stocks. Hell tell you what it is and why this hour. West texas crude crossing below the 50 mark for a short time. Right now just a nip above it. This is a massive cold snap about to cover much of the united states. Snow, too. Already hitting some parts of the country. Its going to be a rough week for weather. Snow ice and freezing cold. The forecast is ahead. We give it all to you, including sue at the nyse. Hi ty. And stocks have been spiraling lower this hour. A big triple digit loss on the dow jones. But we want to take a look at the dow and markets through the prism of ets. You can see down almost 1. 3 . Qqq, nasdaq 100 and the iwm is the russell. Now, the Health Care Sector is traveling with a break even line today. Some people were calling that a safe haven earlier. Not so much now. The hardest hit sectors of the day, energy. Financials materials, also down considerably on the trading session. Now, the transports and ten year transportation average is now down almost 2.
Bucks a barrel. 50. 65. Lowest since may 1, 2009. Last time if youre keeping track below 50 april 29 2009 when we hit 49. 12. How about the ten year note yield. I was on vacation didnt look at it every day, yeah 2. 091. Wow. Wow to both of those things. Lets get to our road map this morning which you can probably guess where it starts. The markets, crude, and euro all under pressure this morning. Global uncertainty is back in this new year. Chrysler reports a 20 jump in monthly sales. Were going to explain why that may not be good enough for gm. We will be hearing from them in the next hour. And starbucks downgraded. Koeg coke upgraded. The roeneason behind both coming up. Crude fall to go a new 5 1 2 year low. You also have the euro falling to a 9 year low on Political Uncertainty in greece. And expectations that the ecb will deliver quantitative easing later this month. Jim, baby. Were back. No shortage ever things to discuss. Discuss. Not a lot of corporate news. But well be focused
Of data on the docket. Building up to fridays jobs report, today we have december auto sales. Tomorrow, its ism nonmanufacturing and factory orders. Wednesday we get the adp. And well have International Trade and minutes from the last fmoc meeting. And thursday the initial claims and the friday payroll report. How are traders viewing 2015 . So far with a slant to rise 8. 2 this year. The big drivers they are looking at economic expansion and earnings growth. Oil prices dominating the market this morning with wti and brent losing half their value since mid2014 with prices falling to 5 1 2year lows this morning. Among the headlines, iraqs oil exports were at the highest level since 1980 last month. Also, we can tell you the new congress meets this week and the incoming chairman of the Senate Commerce and Transportation Committee says a gas tax is on the table with them not rising since 1993. I dont, joe, drive, but i think 18. 4 cents per gallon for unleaded. I think its 24. 4 for diesel