Is a classic stealth rally. It happened very slowly. We saw material Stocks Energy stocks moving up. 41, advancing to the declining stocks throughout the day its gotten better. Slowly to the close. Its just not the kind of year that has felt like a record high year yet. If things change and we should mention the dow itself is only 100 points off. It helps that cisco is having a great day. Semiconductors have had a great month as well. Meanwhile, tesla is running out of juice. They hit hard the founder says his Company Still will be worth as much as apple, remember apples worth 700 billion right now. He says thats what tesla will be worth in ten years time. Were going to look at tesla and apple and figure out which youd be better off owning for the next decade. The government seizing the personal Bank Accounts of Small Business owners without justification or accountability. This didnt happen in venezuela or cuba or russia but right here in the United States. The irs is now facing incre
Companies. They are based in austin and virginia. Talkingught tom was about priceline. He refuses to take a vacation. John kerry is not taking a vacation. He is the worlds busiest man right now. Mobilebout to have for Telecom Operators in the United States. One is becoming the new ceo of sprint. Not buying tmobile. In sydney. Y kerry, lets get a data check for you. Esocks, bonds, commoditi bouncing around. Oil is amazingly resilient. We will talk about that. On to the vix i would guess it would be above 16. Most of you show pretty resilient markets to end the week. There is the dow. Nicely under 17,000. Recapitulate, at 79. What an interesting weekend of international relations. Here are the newspapers. Chaos in iraq. Another political crisis. Maliki has now sent troops into the green zone. He has troops deployed. Call. Restisting the it is a hunk of baghdad. Be used to call it the seed of the empire. There was a subway and american contracts. It is the most westernized it is where the
To vote on before Speaker Boehners plan b, but well continue to monitor capitol hill for any developments. Meanwhi meanwhile, im here with scott wapner. The market modestly higher despite uncertainty over a fiscal cliff deal. New information coming up in moments. Good to see you again. Scott wapner in today for bill griffiths. Less than one hour to go in this trading day. The dow is positive now, just off the highs of the day. Good for 39 points. Nasdaqs higher, s p is higher as well at this point. All eyes certainly on the Nations Capital though today, maria, and here at the Stock Exchange. Absolutely. First, here is what we know. Global Exchange Officials right now are discussing how to respond to an 8. 25 billion deal announced today between the new york storage and intercontinental exchange. Theres been informal discussions with the Stock Exchange about a deal as recently as last week but the nyse, afraid to have another deal blocked by regulator decided to go forward on a deal wit
Welcome to cramerica. Other people want to make friends. Im just trying to save you a little money. My job is not just to entertain you but to educate and teach. So call me at 1800743cnbc. We may all be focused on the fiscal cliff. We may see the talks blowing up right in front of our eyes. Even as the averages denied washingtons gravitational pull, the dow gaining 60 points, s p climbing. 55 , nasdaq advancing. 20 , we know when the president or the speaker of the house comes on the tube these days, the market is going to get hammered. Sell, sell, sell, sell, sell, sell. Even if it is just temporary. Sell, sell, sell. The only thing you need to know is the time theyre going to come on. If you could just blast out of some Aggressive Growth stocks or sell some s p futures when see them walk to the podium, you could probably coin money im surprised the president doesnt start his talks by saying, look, look, america, im about to send the s p 500 down a percent with what i say. How about t