There when i was a Hedge Fund Portfolio manager karen i was there when i was a journalist. Im really grateful for my colleague jon erlichmans work there, but im not there. It is an exhausting show. It was 24 7 by just got back from paris, and no idea what time zone i was in. And landed, and i burst into tears. What is interesting about , there was noe sort of retail gathering until the Consumer Electronics show again the big gathering. Now this just about selling new products, and trying to one up the competitors. Well be showing off these new products, but the thing that is run by pr people, theres no regional reason to have to have this happen there. It is just about having the media people gathered. When companies are presenting the next years think of other year after thing, all, honey booth fall, will have a booth where they will say this will happen in the next two years, and this is what is to be thinking about now. Michael bay we have all heard about it, he comes on to talk abo
Friday. Right now, its time for squawk on the street. Good morning, welcome to squawk on the street, im melissa lee with jim cramer and Brian Sullivan. Carl quintanilla has the day off. What we saw yesterday earthquake the best day for the s p and the nasdaq over a year. Data out to contend with, an adp number in december, jobless claims, may be taking a breather in todays session, the dow looking to lose about 33 at the open. Take a look at the picture in europe. Does also look like europe is taking a breather. Yesterday, it is worth noting the stock indices there hit 17month highs. We are seeing a down day almost across the board a road map, starts with the new years rally, where we go from here. The dow surging more than 300 points, closing at two 12 1 2m highs yesterday. Leadership from technology and financials, a boost today with upgrades. Lots in the coming days. The big jobs report tomorrow. Oh, yeah, the battle over the debt ceiling and spending cuts. Retail doordie, december
Liz good afternoon, everybody. Im liz claman. The long weekend is over. But the good times roll, at least Second Quarter earnings. It will be watching a whole bunch of names. Alcoa, the First Company always to report its results. The first major company. Major u. S. Indices in advance of that are all higher. Today of the earlier highs. The dow jones industrial, not a bad picture. Get this, 79 stocks in the s p 500 have hit 52 week highs. When we pulled these numbers apart it gives you a more granular sense of what is happening with the market. The stocks are looking healthy. Maybe on to something. He sent a notice to his clients last night telling them that rise in Company Earnings coupled with margins. 1,750 by the end of the year. That is a pretty high bar to it, but we will see what happens. By comparison, three stocks that dow jones industrials. Still pretty much the same ratio, but all of those, United Healthcare group has set an alltime high today. Shares of dell shooting about 3
Numbers look out as we kick off cybermonday. Which retailers crushed it and which ones were crushed . If you were keeping track, the dow added 421 points last week and bulls argue it could add even more if european leaders settle this dispute over greek aid. Well discuss the potential impact as they meet in brussels right now. A big day for analyst upgrades. Research in motion, facebook, yahoo well go over those and see why citi needs three analysts to initiate coverage of apple. Well begin with retail sales picture from this past weekend. 139 Million Consumers shopped during black friday weekend. Thats up from 132 million last year. Total spending up to 59. 1 billion to 54. 4 a year ago. Average Holiday Shopper spending 434 over the weekend. Sales on black friday fell 1. 8 from the same day a year ago setting the stage for today known as cybermonday. American shoppers will spend 1. 5 billion online today up from 1. 25 billion a year ago. The papers have it. Usa today retailers hail. J
Orders for bigticket items in the u. S. Slumped 7. 3 in july. This is the first retreat in four months. The decline came mostly on the back of fewer passenger jet orders. That is where it was focused with the airlines which plunged 56. 3 . New york city state attorney general as im sure you saw filed a lawsuit against the donald, donald trump and his forprofit Investment School charging them with making false claims and engaging in illegal business practices. The lawsuit seeks restitution of at least 40 million. Trump as legal team tells us at fox business that the ag has been trying to settle with them for months but they have rejected his proposed deal. Amgen announced a deal to bionics pharmaceuticals for roughly 10. 4 billion this is allcash deal. It values onyx at 125 a share. Bats Global Markets will merge with rival Stock Exchange company, direct edge holdings. It will unseat the nasdaq as the second largest u. S. Stock Exchange Operator by volume. According to the wall street j