Far this year. The dow has advanced 8 in total. The s p 500 up almost 14 . The nasdaq has jumped 16 . Its been a good year. The end of the year also means we are just days away from the fiscal cliff, however, and thats the bad news. And looming tax hikes, spending cuts, all of that. Both sides warning a very big deal becoming a bit more unlikely. And my one bit of advice to Speaker Boehner is this. You cannot pass a bill with just republicans. On a broad thing like this, you need both. And he has put himself with plan b and sort of an impossible position. He has to get these hard right goes to go along with him. And he and the president were going to say were going to pass a deal with the majority of republicans and the majority of democrats in the house and senate, we would get a mainstream deal. I think were going to fall out of the fiscal tree. The big deal for the big deal is at the debt ceiling. Thats when we will have leverage to turn the country around. Congress is now out of se
Very, very famous legendary jazz club the blue note. Usually room at the bar. Theres always room at the bar. Well see you in an hour for the closing bell. Thanks so much. Thanks, bob. Speaking of the market shortened session one more hour. Lets head over to maria at post 9. Thanks, carl. Hi everybody. Welcome to the closing bell. Im Maria Bartiroma at the new york stock exchange. No, your watch is not wrong. The closing bell ringing three hours early today at 1 00 eastern for Christmas Eve. Hi, bill. Hey, maria. Im Bill Griffith here at cnbc world headquarters. A down day not terrible, light volume as you might imagine on this half day. The dow down about 40 points right now. 46point decline at 13,144. All the other major averages lower as well. The nasdaq at this hour down about ten points at 3,011 and the s p 500 down 4. 25. Certainly volume on the light side today. Though were facing light volume there is still money to be made in these markets. Remember after the closing bell rings
Were crunching the numbers for you. The u. S. Is set to go over the fiscal cliff in five days. That means taxes will go up for nearly every american. Dramatic spending cuts will kick in. President obama and congress will be back from vacation tomorrow. But will anything get done . Plus, wild Winter Weather sweeping through the country. Well bring you the latest details on which part of the u. S. Could be hit next. Cnbcs Worldwide Exchange starts now. And welcome to a special edition of reside worldwide. Ross andcle reoff today for boxes day in kelly are off today for boxing day. For now, you is us. Well start with a brief check on the markets. Energy and metals are trading higher now, wtis up about 55 cents. Brent crude up 65 cents. Also want to check in on the gold price, as well. Gold right now down about slightly under the flat line there, 1,658. Well below the 1,700 mark. The cme globex has been closed for christmas. Its going to reopen at 6 00 a. M. Eastern time. That goes for tre
Last night, a couple different issues. This puts them as the second largest tv company in the country. 5. 7 million tv customers at at t, 23. 3 million in the u. S. As becky said, its a 10 premium. It is actually a 30 premium when you look at the price relative to when rumors of the deal first came about. And let me tell you a couple thing that is randall told me last evening. He said mike and i have talked about this deal on and off for quite some time. They have been, quote, trying to assess the regulatory situation as it relates to this transaction. And he said the more we peeled back the onion, quite frankly the better we felt about it. Heres a standalone tv business and we are for all intensive purposes in mobile and broadband business, we are not, and he said this several times, we are not in the standalone tv business and we dont even really sell that product today. He also said they have been talking for years but interestingly enough they stopped at one point. They didnt do th
At what it calls a modest, to moderate pace. That was helped by Consumer Spending on cars and homes. David the u. S. Trade deficit widened more than expected in july. Exports dipped as a result. There were positive signs on a bounceback in imports, indicating new strength in demand from the u. S. Consumer. Liz in the past few minutes the u. S. Foreign Relations Committee approved that resolution giving the president obama to use limited force in syria. The vote was 107. David auto sales accelerated in august with the industry racing to the strongest month in november 2007. Automakers say the it topped 16 million vehicles on annual basis. Liz another trading glitch in the nasdaq system after two weeks after the socalled flash freeze. The exchange said there was a sixminute outage for a small number about stock symbols. The issue was resolved and trading not effective and more importantly they kept the markets apprised an informed. Better communication. After the bell starts right now. D