And well talk about that, whether the markets weary of chair yellen. Also, were expecting perfection. Anyway, when the bell rings in about an hour, thats when the action here might really heat up. At 4 00 p. M. , a new crucial rounds of Bank Stress Test results are due out. Well have that vital report on which banks made the grade and which did not, if any. And the financials have been very strong today, as they were yesterday. 18 of the s p 500. Jpmorgan is up like 6 this week. So expectations, if you want to put it this way, are pretty high. Well find out more in about an hour. Plus, nike reporting earnings. Keep it here for the numbers on that one and what it means for consumers. Of course, tomorrow morning well shift our focus to tiffany. Thats still some time away. A busy hour next hour. Thatll be fun. Plus, googles larry page says if he had to give away his billions, he would rather give all that money to elon musk than any charity. Now, before you judge him, wait until you hear
A precursor for the rest of the year. Heres the thing. A lot of people will look at us being down. Compare to it 2008 remember 2007 we also were lower on the s p 500 for the first day of the year. But through october of that year it looked great. Its what happened next that raised some eyebrows. We talk about the historical precedence but its just one day. Were not panicking yet. Maybe the dip buyers are still on vacation. For all of 2013 and 2012 the s p 500 was never under water. In other words, it climbed from where it opened a year ago. Well be under water on day one in 2014. We got that going for us here. Also americans children have been hacked. Snap chat is popular among teenagers victim of anonymous hackers who posted information including phone numbers of over 4 million snap chat users. Well explain the wider implications of what happened here. Theres a very interesting wrinkle. Own hackers told snap chat why they hacked in. Obamacare from the ground view. A car dealership in
Calls. Well talk more about david tepper and some others in just a moment. But first, andrew has a roundup of some of the mornings top stories. Andrew, that story is already here in the new york city area. I cant believe it. We needed it about a week ago. I dont know. Shocked me a bit this morning, whoa, back to work in the snow. Well, happy new year. You, too, happy new year. Fiat decided to buy the stake in chrysler it doesnt already own. This is all in cash. Once that deal closes, chrysler is committed to giving the trust an additional 700 million. The agreement ends months of tense negotiations. The deal means no chrysler ipo. Thats important because the ceo never wanted that. And phil lebeau will have more at the top of the hour. In our corporate news, mccow ka seeno has reeled a deal. Were going to talk more about the big business of gambling coming up at 7 40 eastern time. Cnbc is part of that and windsor media, an Investment Firm run by former yahoo chief terry stimble, its sig
Moscow are obviously watching the situation very carefully on that epicenter of resistance after a night of street battles between protesters. The pictures are amazing. Theyre throwing stones, clubs, molitov cocktails, all of them trying to hold their grounds in those hours but being slowly pushed back this morning by riot police themselves using flash bangs or stun grenades and water cann cannons. Much of the square, more than half of it, while some protesters seem to have taken refuge behind reinforced barricades and behind their bonfires. The number of injured is in the 200s. We understand some 250 seriously wounded are being treated in the hospitals. Also, one local ukrainian journalist has reportedly been shot and killed in that melee, as well. Becky, back to you. One of the questions we wonder and youre watching from moscow where they are keeping track of the situation closely, is there a sense that anyone else might get involved in this or is this people watching from afar still
Performance that its seen in about two months. Energy and Technology Companies led the decline, many of 2013s strongest performers were down for the day. If youre taking a look this morning, youll see equities are indicated higher. Dow futures up by 26 points above fair value. S p up by close to two points. Oil looks to be a major market story. Yesterday there was a late day swoon triggered by the death cross. Thats when something you see the 50day average moving below the 200 day moving average. Its viewed as a bearish sign and you did see a big selloff. We saw wti crude falling all the way back down to 95 and change. This morning on, it is still down there, down another 17 cents to 95. 27. Had been close to 100 a barrel before. Also worth watching today, the 10 30 eastern report on natural gas inventories. Then we have the latest oil decline coming about a half hour later. On the economic agenda, we have the major automakers reporting. The number of vehicles that they sold in decembe