Right around that 3 on the 10year yield. A little bit over 3 , that of course continues to be the key in so many ways. Lets take a look at how we traded in europe so far today. As you can see, sort of a mixed bag, lets call it, a lot of red on the continent. As for our road map here in the United States, 2013, any way you say it, a fantastic year for stocks, dow and s p, brand new alltime highs. What does the new year have in store . Were going to take a closer look. Plus an American Institution no longer. Fiat has officially signed an agreement to acquire the remaining stake of chrysler it doesnt already own. And a long legal fight over. Martha stewart and macys that started over a dispute over rights for home products. And blizzardlike conditions, winds could be hitting 45 miles an hour, the subway is the way to go in new york city. Does it ever go down, other than the horrible storm . It is the rocket and it does work. It is the rocket. Talking about rockets, jim, it was in fact a v
You can blame the democrats for their inability to offer any cuts to spending. You can blame the republicans for not wanting to even consider tax increases. But dont you dare blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again even if his statements about economic weakness ultimately cause the averages to stumble from some pretty lofty levels. Dow ultimately declining ability 3 points, s p inching up 4. 4 . Closing in positive territory. Nasdaq giving up. 28 . When you look at what ben when you look at what ben bernanke did today youve got to marvel. The republicans themselves refuse to get specific on spending until they see something from the white house. The elected portion of our government is not helping this economy at all. Their failure to rise above politics to reach a compromise is now really starting to hurt the u. S. Economy. In this vacuum, the fed has decided to keep rates low. They stepped in saying listen, business, we
Bullish themes for the year. Themes that big players are betting on, as though theyre done deals. Buy, buy, buy. This kind of thinking isnt unusual at the beginning of the year, as we see what resonates and what doesnt. So without further ado, let me tell you the ten themes im seeing already. First the eight positives and then the two negatives. 2014 is looking like another year where aerospace is ascendant. While we know from alcoa, who produces up to 3 million fasteners per plane, and General Electric, the central thesis is that the commerce are healthy. Those customers ranging from the airlines to an exceptional crop of middle east orders are forcing the bears to rethink their negativity. We know from deltas results this morning that the airlines are flush. We want to learn more when United Technologies reports tomorrow. I think well be pleasantly surprised with the aircraft number. Thats what matters to me. Second positive theme for 2014, nonresidential construction may finally be
Who couldnt who couldnt be less enthused about it. Shes betting boy. I am. Youre saying its going to be a girl . Im betting girl. That must mean something in terms of the markets. I dont note what. Gold is up, bill, as its had its day since june 2013. And well be watching netflix. About an hour from now. The stock is trading lower, but up nearly 200 for the year. It will be out with what many say is a crucial Earnings Report. Well have a team of top analysts to tell you. Julia is moderating the Conference Call tonight. Shell be here to preview the questions shell be asking the question coming up. Thats right. And more fallout after the s. E. C. Charles stevie cohen. If its such a minor charge, how come it could potentially put a huge figure like cohen out of business . The coauthor of the doddfrank Financial Regulation bill barney frank will comment on that. Thats right. And heres how we stand, though. We havent moved much in terms of volatility. The dow was up 37 excuse me, up 32, dow
Im Michael Smerconish in philadelphia. We welcome our viewers. Today big day, the antigun march for our lives on organized by the survivors of the recent shooting at the Marjory Stoneman high school, protests in d. C. , here in philadelphia, and more than 800 other cities in america and abroad. But will it change anything . And facebook losing both users and stock value in the wakescan. Data used to target voters during the election. Here is one lesson. Be careful what you like on line. Ill explain. Plus, i just sat down with governor Arnold Schwarzenegger, he told me it is time for john kasich to run for president starting right now. And no first lady has ever had to deal with this, dueling tv interviews with an explayboy play mate and adult film star about their alleged affairs with the president. How is melania weathering the storm. But first as tens of thousands prepare to protest in the march for our lives, i want to ask if their efforts will be in vein. Said differently, will ame