Well have them first with the best analysis you can find. That all starts after the bell. Then after that in exactly two hours, president obamas exclusive interview with our Steve Leisman will air in its entirety right here on cnbc. Steve will join us on the show beforehand to tell us some of the highlights. We do know the president wants to talk about tax inversions, letting it be known he will support legislation to stop companies reincorporated overseas to escape the 25 tax rate here in the u. S. Well have much more as the president and Steve Leisman get into it over the economy. Melissa lee and i will anchor a 5 00 special on that coming up. It is a bill sandwich tonight. Lucky you. Also it would be big ceo interviews just ahead. Dunkin brands disappointed today. Jetblues dave barger will be here. Youll hear from both of these ceos on todays closing bell. An hour to go and the do you jones industrial average down again today to the tune of about 21 points. Yesterday it was the lone
Volatile day. The s p 500 currently sits down 1. 75 . Nasdaq touching correction territory earli earlier before bouncing a bit. S p 500 is not quite there yet. But were on that watch over the next 60 minutes as well. A couple other gauges to watch, the vix jumping to 31 even. We have the ten year which this morning that was the big headline. The key benchmark u. S. Interest rate falling below 2 for the First Time Since 2013. Oil falling briefly or flirting with 80 level before closing at 81. And gas prices are in free fall. The key question snou whether all of this will ultimately be supportive for the u. S. Consumer or signals more trouble ahead . The biggest outperformer, the vix. Ripping to day. The socalled fear gauge on wall street gives you an idea of where the sentiment is within this market. Its up 20 . That is quite a move. And thats not even at the highest levels of the day. The vix got above 30, a place it hasnt been in an awful long time. All of that helps to tell the story
Welcome to the closing bell. Ten days and counting. How many . Ten days and counting, not till christmas, but until we go over the fiscal cliff. Were not closer to a deal in washington today. You can tell from the selloff, investors do not like it. No, posting their largest decline since november 14th, in case you were wondering. Although we are off the lows of the session right now. The dow was down 189 two hours into the trading session. Weve come off those lows. But at this point, the dow is down 1 for the week and we are down 1 today at 13,173. Nasdaq lower, as well. Lets see how many Percentage Points were down right now. Down 1. 25 . The Technology Sector is taking a bigger hit today. Down to 3,012 on the nasdaq and the s p 500 index is down 1 at 1428. House Speaker John Boehner says hes still open to a offer from the democrats. It was a dramatic evening last night. John harwood was there. He has the latest on the on talks. Are there any talks, john . I think so. But theyre prett
Government. He is trying to make good on his vow to drain the swamp. Still more show boating than specifics here. This is what he told voters last night in des moines. I actually love calling these companies. I say give me a list of Ten Companies that are leaving. And i actually love call these companies and saying hi. I get the president of this company. And i say hi, how you doing. Oh, hello mr. President elect. Congratulations. Yeah, congratulations, but while were on the phone, dont leave. We had great success. You will see more success. Reporter the speech widely applauded by supporters here. Briefly interrupted by protesters. Donald trump seemed to take it in stride. A fall different tone than the campaign. He said as they were led away. They are with us, they just dont know it yet. John and alison, that is the challenge and burden for donald trump Going Forward here as he makes the pivot. He is about finished naming his cabinet. He will name the secretary of state choice early n
Issuing a stern warning to the rest of the world as the United Nations prepares to give a thumbs down to President Trumps proposal to move the u. S. Embassy to jerusalem. Good afternoon, everyone, welcome to the lead. Im jake tapper. Less than a week before christmas and President Trump says hes delivering his fellow americans a big, beautiful tax cut for christmas. He and Congressional Republicans are celebrating a huge legislative achievement and a political gamable, pass transform that will affect nearly every part of americas economy. It was a little team. We just got together and we would work very hard, didnt we . It seems like it was a lot of fun. Its always a lot of fun when you win. If you work hard and lose, thats not acceptable. The bill sharply cuts the Corporate Tax rate and as of now temporarily delivers tax breaks to individuals. That also repeals the individual mandate part of obamacare and permits drilling in the Arctic National wildlife refuge in alaska. How the bill