This stock market. Cant do it alone with the economy. We saw it this morning. In the glorious takeover hallelujah of Kinder Morgan by rich kinder himself and the s p is gaping 2. 8 and the nasdaq is jumping. There were many reasons for it to occur. First and foremost, rich kinder loves it when shareholders make money. And he alluded to that front and center this morning when i spoke to him on squawk on the street. But the main reason is that Kinder Morgan was having trouble growing because the cumbersome structure, the parent company, didnt let the business expand as quickly as it should. Even of course some great opportunities in oil and gas. The new streamline entity Kinder Morgan, inc. , which should be owned for the 2 dividend will give you a great play to play the north American Energy revolution renaissance. Kinder morgan will be the Third Largest energy company, better groat in dividend boost prospects than any other company not just in the oil patch but in the s p 500. Rich kin
Guys, thanks. Gentlemen, thank you. Thank you. Good to be here. Good to see you both. Becky, thank you. Make sure you join us tomorrow. Squawk on the street starts right now. Good tuesday morning. Welcome to squawk on the street. Im Carl Quintanilla with melissa lee, jim cramer and david faber here at the new york stock exchange. Retail sales out about 30 minutes ago, up half a percent in december. Europe also fighting off the blues this morning, as germany has some lower than expected estimates, Fourth Quarter gdp. Our road map begins with a warning this morning from fitch. That the u. S. Could lose its top Credit Rating again if theres a delay in raising the debt ceiling. Fitch said the pressure on the aaa is, if anything, increasing. We are four hours away from facebooks secret announcement in menlo park. So far, the guesses range from a facebook Search Engine to a facebook phone. Would either product help lift the stock back with a high water mark. The debate kicks off whether dell
Anyone who still needs to do christmas shopping. A week from now you know Christmas Eve is a week from today. Just so you know. Eight days till christmas. Are the best deals yet to come and how late can you order online kelly, and still get it on time . We have your crucial retail details and stocks that are moving on all of this news this holiday season. Are you telling me youre done, that youre already finished . Im 90 done. Also coming up the whos who of the Tech Industry descending on the white house today. The president said he wanted to talk about how to improve healthcare. Gov but the tech titans wanted to talk about the nsa and demands on their company. Would loved to have been a fly on the wall. Hes a sitting judge, familiar to most on wall street he has presided over wall street financial cases for year but judge jed rakoff has written an essay asking why have no highlevel executives been prosecuted . Is that appropriate for a judge to write and will this ramp up pressure to
186655press. Thats what this show is all about. Our morning town hall where we tell you whats going on and you tell us what it means to you. Our toll free number, 186655press. Join us on twitter at bp show and on facebook at facebook. Com billpressshow. Lets start in egypt. Chaos as the military appoints an interim president. But then prevents that president from naming his own Prime Minister so theres no doubt about whos in charge in egypt. It is the military and violence continues in the streets of cairo today. New job numbers out friday. 195,000 new private sector jobs created in the month of june which is impressive. Thats good. It is not good enough. American airlines, 777 crashing upon landing in San Francisco. Miraculously, only two People Killed and our pal Eliot Spitzer is getting back in politics. Hell join us to talk about it right here on current tv. If you believe in states rights but still support the drug war you must be high. Viewpoint digs deep into the issues of the d
Halftime is over. Power lunch and the second half of the trading day start right now. Whoa nelly, as Keith Jackson used to say and probably still does. The bulls have been running big time until just a few minutes ago. The dow did hit a new alltime high today. Why . A lot has to do with good economic numbers, but, and this is the big but, the very same good economic numbers could hasten a federal move so the big question as far as ben bernanke and his merry men and women is are concerned is this. Now what . We are looking at the scenarios and the impact on your money, and an aboutface, maybe about time. Facebook back to near that ipo level. Is it a buy or has it hit a high . First let go check in on the floor of a very busy new york stock exchange. Good to see you, ty. Markets have been the big story of the day. Even though we have modest advances right now, that was good enough to push the Dow Jones Industrial average to a new high. Since the 2009 bottom the dow is up 138 . Take a loo