Estimates. Road map begins with eli lily abandoning an important Alzheimer Drug, stocks down more than 13 in the premarket. Well have an exclusive interview with meg whitman, corporate americas relationship with president elect trump on the agenda. And the countdown to black friday and a cheerier Holiday Outlook for retailers. The winners straight ahead. First though to some news this morning on the continued search in the transition for the next treasury secretary of the United States. That list does appear to be shrinking. We can tell you this morning that jon gray, the man who runs the real estate business at blackstone, one of the more senior members of course of that firm, is no longer being considered for treasury. It had been reported earlier this week after meetings over the weekend that mr. Gray along with of course Steve Mnuchin who was the Campaign Finance manager for the Trump Campaign were perhaps two of the few candidates left for that post. But this morning i can tell yo
Whoohoo whoohoo good morning. Welcome to squawk alley, Carl Quintanilla with jon fortt and Kayla Tausche and ceo daniel rosenswag, former chief operating officer at yahoo also from one market, the New York Times tech correspondent mike isaac. Mike, good morning to you as well. Our top story is facebook reportedly developing this new censorship tool designed to persuade china to allow the social network to reenter the worlds second biggest economy. That is according to the times. Facebook has been banned in china for the last seven years. Mike, you broke this story, and it raises all kinds of questions about what theyre capable of in terms of screening content, and now increasing what theyre willing to do. Yeah, thats exactly right. I think the biggest point here is just the fact that facebook is even considering some form of censorship in order to get back into china. The sort of general knowledge or general belief among a lot of western Internet Companies shares a lot of american valu
This is the time of year that businesses are at their greatest risk for losses, not just from shoplifters but employees. Our kate rogers has a special report. But lets begin with markets right now. An hour to go and we are seeing significant pressure on stocks. The dows off 102. Well off the lows of 150 from the last hour or so of the session. Still as mentioned, a lot of pressure in the Energy Complex. Crude today closing at a fiveyear low. And look at some of the names taking it on the chin in response. You have a denberry off 10 . The equity not just hit and seeing pressure on the credit default swaps here. Time now for the closing bell exchange. J. J. Kenihand joining us and thomas fross, lee drogan, renee norris and our own Rick Santelli who rocked it yesterday on meet the press with chuck todd. Well done, ricky. Lets get to the conversation right here. Thank you. Thomas, to you first. So we have this really good jobs report on friday. And then you have this continued drop in crud
Hispanics. Charles and the version hispanic version. And why are we putting that up in they can have the engli english and the obviously ego from the white house, that supersedes everything. And said that october first, it doesnt have to be ready, but the president wanted it ready and circumvented the best ways to get there so we dont get cgi from canada. And isnt it crazy the selfimposed deadlines. The americans people arent saying give us time, give us the date. And i wonder what genius is saying december 1st its going to be ready and whats interesting the administration saying maybe, you dont want to get on december 1st. To be honest with you, with all the of the fun things that the president does with facebook and amazon, you think you would have called and said help me with the website. Charles that goes back to ego and ideology. I think all the obamacare website while its embarrassing it masks a bigger issue, the law itself and some of the things were learning from it are outrigh
But, of course, the contrarians say thats great news for stocks, actually, because when everyone is bullish is when its time to worry. Well take a closer look at what 2014 might hold up. Its an interesting survey. Also, a tragic story that is gripping the nations attention right now. A carjacking at an upscale new jersey mall turns deadly last night. It was the mall where we did our black friday show, the day after thanksgiving. Thats right. We were there just a couple weeks ago. I mean, a horrible story, taking the life of a 30yearold man. As it unfolds, just nine days before christmas, could this be another reason for shoppers to pause in what has been a tepid Holiday Season anyway. Well have a live report on that tragic story coming up. Lets take a look at markets at this hour. The final trading hour of the day. The dow is adding 145 points. Closed to highs of the session. Its up about 1 . 100 points, bill, isnt what it used to be. The nasdaq and s p 500. Lets look across those inde