Far. Looking at so ar this morning we got Economic Data on home prices. The case schiller home price index showing an increase of war than five percent of a weathered is talking about the top 20 cities or more broadly, looking nationally. You can see the three major averages are trading higher, representing a rebound from yesterdays decline. Once again in the green for the full year. We have had a lot of switching back and forth on that front. As the is nearly as high nasdaq today. Seeing a switch from yesterday. Betty while prices are dominating the direction of the trade. Definitely, we are seeing more of an issue with commodities following the trade. This, 2. 3 looking at today. It is helping matters. Myyou look at bloomberg terminal, financials doing the best, followed by commodities. Yesterday, a broadbased decline, and today a broadbased advance. Natural gas is once again powering higher rate it has been on a winning streak on the outlook finally, some colder weather. The local n
Woman wearing a suicide vest blew herself up. French special forces went in and got three individuals and they arrested two individuals in a nearby apartment. There are other reports suggesting that 7 people have been arrested at this time and theres also been video taken of a naked man being taken away by police at this point. But this has been going on for 8 hours. Witnesses and people that live in the neighborhood speaking with nbc news described explosions, gunfire, 20 minutes worth of gunfire. Hours worth of irregular shootings and explosions throughout the morning as the operation was underway. The question is who are they looking for . Right now all local media is reporting that theyre looking for the alleged mastermind of the attacks in paris friday night that killed 129 people at various locations across the city. Were about 1. 2 kilometers from one of the areas that was attacked. Three of the suicide bombers wearing suicide vests tried to attack the stadiums so were near that
Nasdaq up by 16. You have earnings, Economic Data and more fed speak. You have best buy, smuckers and gap all set to report erngs today. Weekly jobless claims hitting the tape at 8 30 avm eastern time and the philly fed survey and leading indicators. After yesterdays market moving fomc minutes well hear from Stanley Fisher today. Here on squawk box well hear from Loretta Mester. Shes the cleveland fed president and she will be joining us at 8 30 eastern time. The bank of Japan Holding its Monetary Policy steady. This despite data that showed the economy there slipped into recession. Also the nikkei closing at a three month high today. Square pricing its ipo at 9 a share. Its not great news because its below the range of 11 to 13 and well short of the stock in the private funding round. Giving them a market cap of about 2. 9 billion. Thats half of the private market valuation just a year ago and could have a huge impact on other private market valuations which of course public funds als
Rates and bond purchases. Timothy geithner has drawn a line in the sand. He says the white house is prepared to go over the fiscal cliff if republicans dont give in on higher taxes on the wealthy. You can see were weighted to the up side by a ratio of 8 1 at the moment. Finland is not trading today, so you may see some quotes not doing very well. We saw apple stock having the biggest loss in four years. The ftse yesterday slim gains really. Up 0. 4 , the dax up a quarter of a percent. Is this a this is where we stand as we wait for the announcements from the ecb. Were up at a 52 week high for the xetra dax. Cac 40 up half a percent and ibex up half a percent, as well. Take a look at bond yields. We looked at that auction yesterday from spain. They raised 4. 3 billion. Years went lower. Nevertheless spanish yields today 5. 4 , slightly lower from where we closed, but they did move up substantially after a handle of 5. 2. Well keep our eye on gilts, as well. Well look ahead to the bank o
Welcome back to squawk. We have odd breaking news this morning. We reported earlier today that home depot and excuse me, office max and office depot were merging. Theyve taken that press release back. Apparently the negotiations are still ongoing. This according to dealbook. Well find out more throughout the day. Thats where things stand as we speak. Robert wolf has been our guest host. Thank you for being here. Its been a lot of fun today. Well see all of you tomorrow. Join us tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber at post 9 here at the New York Stock Exchange. The day after we broke a lot of records for the u. S. Markets, were looking at an update for the dow. The s p looking to give back just a little bit, along with the nasdaq. As for the picture over in europe, some comments from germans chancellor Angela Merkel about the euro saying between 130 and