Working my way back along the road im here great to be back. Thank you for all of your well wishes on social media very much appreciated. And i return with wonderful news. Introducing cynthia and eleanor. New, twin granddaughters born last week, they are so sweet many my daughter and husband james they have three other children. They have a big family. Heir doing very well thank you very much. Now you understand what i mean by love at first sight. Aint that fantastic . We better get serious news of the day and serious it is, the economy. Barely growing at all in the first three months of the year bring of recession. Were in a corner, were going to print more money, spend more government money, raise taxes as the president wants, oh what a policy mess were in. Were good with it. Check that big board stocks lower at the gdp number came out. We did what are from the feted this afternoon that could move the markets. But with an economy like this when earth is Federal Reserve ever going to
We are in for eric and stephanie and they will be back with you tomorrow morning. We have breaking news coming up on housing. Lets get to julie hyman who was in the newsroom. Julie the pending home sales for the month this shows some progress for the housing recovery, especially after we did not have a strong number. Again we were estimating that 1 gain and that was the average of the economist we surveyed. The advance in february with about 3. 1 percent, so it doesnt really slow down from february but it had a worse than estimated number. Remember in terms of Economic Data this morning, this adding to the gdp figure that we got earlier that showed only a 2. 10 a point to gain in the First Quarter. Revision downward and coming in worse than economists had predicted. It seems a most economists are looking forward at the balance of the year and this pending home sales might give them a little more optimism. Back to you guys. Matt thank you. Time for the bulletin and the top business stor
To 2 here as we await a big week in europe as well. We start with the markets. New optimism about the cliff. President obama in myanmar saying hes confident the fiscal situation will be dealt with hours after he hit the phones calling top ceos. Lowes shares on better than expected earnings. The results renewing hopes this morning about the housing recovery. International pressure mounts for israel and gaza to agree to a ceasefire after a weekend of air strikes leave a dozen dead and hundreds injured. Brent continues to climb with gold going higher. The president and congress will strike a deal to restore the fiscal cliff. Over the weekend in asia, the president said hes confident we can get the fiscal situation confident and reached out to ceos including tim cook, Warren Buffett and jamie dimon. After top house and Senate Leaders say fridays meeting was constructive. We see headlines that may bring news to other companies. Intel ceo Paul Otellini to retire. During this period where a l
Get the notice midday yesterday that it is moving again. What happened . Another 24 hours and the reason, according to the administration, is the sheer crush, the volume they were getting on the website yesterday and they want to make sure those people had the opportunity to enroll. It was a record day yesterday, one million visitors to health care. Gov, people to sign up for obama care that would be effective january 1. That is the critical deadline they are facing. This extra 24 hours as giving those people the chance to enroll. Some of the people were told by email that it is too busy, come back and visit them a little bit. They did this is to give people the opportunity to sign up to boost those numbers they are still way behind where they should be in the president said it is clear their numbers will go up. The republicans are criticizing this extension . Surprise the fact that the Obama Administration keeps moving the goalposts and they were asking u and Kathleen Sibelius if they
Cant wait to see what jason got us here. Welcome to squawk on the street on this final trading day before christmas. Im carl, with melissa lee, david faber at the nyse. The New York Stock Exchange and nasdaq closing at 1 00 p. M. Eastern time. The futures, a little bit of weakness here which well talk about in a minute, after it comes after a pretty bad day on friday. The european markets closed for the Christmas Eve holidays. London, paris, spain have each completed shortened sessions in light of the Christmas Holiday as well. The friday selloff, only five trading days are left in the year. Is the market getting used to the idea that a fiscal cliff solution will not happen before year end . Only a few hours remain to finish your christmas shopping. But some words of caution for toymakers. Are tablets and apps ruining the season as kids get more accustomed to technology . Microsoft windows 8 gets more bad press today, as the New York Times said it is not leading to a boost in pc sales.