Today has been the best day ive ever had. Captioning sponsored by cbs this is the cbs evening news with scott pelley. Reporting tonight from cbs news election headquarters in studio 57. Pelley good evening. Melting glaciers, rising sea level, higher temperatures. If you think someone is trying to tell us something, someone just did. The scientists on a United Nations Climate Panel are out with a new warning about climate change, and theyre telling us what they think needs to be done before, as they see it, its too late. For one thing, theyre calling for major changes in the energy we use to heat and cool our homes and power our cars. Heres chip reid. Evidence that the earth is warming is unequivocal and emissions of greenhouse gasses from cars, power plants and factories are primarily to blame. Thats according to the u. N. s Intergovernmental Panel on climate change. In the strongest language its ever used, the panel concluded that continued emission las vegas increase the likelihood o
Low in the middle of november. Oil is slumping around five year lows. As a new month begins for the rest of the markets spending drops double digits this back friday. But online spendsing alone jumps more than 20 . Target, best buy, home depot, others go after tally target alibaba. L chinas official pmi slipped to 50. 3. Thats below forecast. The dow and the s p each finished the month up 2. 5 . Nasdaq up 3. 5 . Nasdaq, jim, within almost 5 of an alltime closing high. Can energy at 8, 9 of the index drag down the markets . Its funny you mention that because first of all i think friday was very exaggerated. Just kind of got to really take that whole black friday for oil with a grain of salt. I think it was really an anything but oil move on friday. Its like, look, just get me out of anadarko. I dont care. Get me out of some of these consho. Corrigo, get me out. What happens . What do we put it in . It never seems to go to cash. Lets just put it in land research. Lets go to kale. It was
Thats right. Several sessions adding points and adding eight. Talking about the effect of the stimulus and people at the same time talking about as a currency race to the bottom. Round number five or six i think we are on. Expiration day, too. May be complications. Art cashin saying the bias so far to the upside and could change. The dow up half a percent and the s p 500 sitting at a level unbelievable, 2061. A lot of forecasts coming into the year closing at 2014 was aggressive. Now the nasdaq up about 9 and underperformer on the session hovering around 4711. Less than 300 points away from nasdaq 5000, too. Getting there. Lets talk about it in the closing bell exchange. With us this friday, hank smith, john wilson, peter chicini, christine short and rick s santelli in chicago. The sugar rush didnt last long for the markets. What happened, do you think . Well, you know, first of all, keep in mind, we have had a sugar rush going on and we pretty much cut the pattern with regard to quant
Now the tech giant is dropping the nokia brand title months after it completed that transaction in its hand set business. So there goes the beginning of the end of nokia. Separately, ford will begin production of its resigned f150 today. The vehicle now has an aluminum body and the f150 has been the nations best selling vehicle for 32 straight years. Well see whether they can keep that up. Fill lebeau will join us with mark field at 7 30 eastern time to talk about it. And june per networks ceo is out. He quit following a board review of its conduct and negotiation of a customer. The network gearmaker says they wont impact the companys finances. Shares of juneiper up 13 in the last month. You havent looked into that . What are they talking about i cannot give you can explicit details. I have done a little bit of work, but i dont have enough. Is it explicit . Theres things that were said to this customer, but i dont know enough but its not explicit . I dont believe so. Okay. Why the nice
Little more negative. I really do. Think about it. Weve run so far, so fast, so much right now. And yet we dont have any new data points of consequence. Were simply paying more and more for the same exact insights. But it doesnt seem to matter, as we strike towards another set of new highs. Dow gaining 40 points. S p advancing 0. 51 . Nasdaq climbing 0. 671 . Not trying to be a naysayer, but pessimism has back the enemy of profits. Negativity isnt being rewarded at all, except in a narrow handful of situations like the funk in social media, the endless pain in autos, or the relentless decline in the mineral stocks and offshore oil drillers. Frankly, its downright amazing how giddy this market can be. And in doing so, its punishing even what i regard as healthy skepticism. So why dont i give you concrete examples of what im talking about. Examples of even questioning what we call longside opportunity and how that has become toxic. Yes. It has become deathdefying. This morning on squawk