Were seeing right now. Were trying to parse that out. Thats what makes the markets so interesting. Lets start here as we head into the final hour with where we stand on the major stock market indexes indexes. The dow is up 168 points and remember weve had many, many more 1 swings this year than we had last year, and today by the way, weve had them in both directions. The dow is up about 170. The s p is up 18 points right now, nearly 1 there to 2085. The nasdaq adding 36. Its actually the underperformer on the session to 4,922. Well also and well get to this in a moment talk about what were seeing across the benchmark interest year 10year. Have to talk about oil as well. Very strong. I dont know if you can show oil right now, but last i saw it was up about 5 . Its now 6. 25 gain for u. S. Oil. Wti. Thats at 52. Brent north sea crude is at 58. That almost feels like a short squeeze. Lets all make sense of this. All of our guests today except rick are over at our set at the New York Stock
The dollar is stronger. Gold is down sharply. All the markets telling the same story. And there are plenty of investors talking, joking perhaps about the property that they are looking at in greece in italy, across europe because if you want to theres the euro dollar today up another 1. 5 . The low 10. 09. 109 1. 09. Extraordinary to remember a couple years ago when it was at 1. 40. That will have a huge impact on their economy and on ours as well. Book your vacations to europe. Europe is on sale this summer. With just an hour to go before the close, a steep selloff. The dow is off almost 300 points. Off 277 this hour. It brings it to 17,861. The nasdaq is off 56. 4,926 for that index today. Here we go. Time for our closing bell exchange. Dorothy weaver of Collins Capital is with us today. Formerly of the board of the Federal Reserve bank of atlantas miami branch. Jeffrey cleveland from payton and regal. Our even Steve Liesman and Rick Santelli santelli. Steve, Pay Attention here. Are
Futures are up 10 , consumer stap ems flattening out. And two of chinas richest men lost billions in just a few hours. Well tell you who they are and how they did it. But we start with a very rough trip for mcdonalds. Protesters have hit the street outside of the companys Shareholder Meeting. Theyre protesting low wages. Kate rodgers has been monitoring that meeting. The protests and the stock, which as we mentioned is trading down by about 0. 8 of a percent today. Kate. Well today was ceo Steve Easterbrooks first Shareholder Meeting in oakbrook illinois where he acknowledged mcdonalds challenges and touted his turnarounds. The biggest takeaway was a clear win for shareholders. One of the measures passed was a proxy access by law. Those who have held 3 of mcdonalds stock for three years to propose director candidates on proxy materials. This was a shareholder proposal that mcdonalds did not want to pass but it passed with 61 of shares voted. This is a way to make the board more account
Melissa francis. Heres whats money tonight. Brace for impact. Senate majority leader harry reid says it looks like well head over the fiscal cliff. With just four days until the deadline can president obama and Congress Still pull out a deal in the nick of time . Senator john hoeven of north dakota joins us to respond. Plus, a gamechanger for the insurance industry. An auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. Can it drive the competition off the road . The ceo of metro mile is here to take the wheel. And big Beer Companies putting beer goggles on their customers. The market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. Less filling tastes great. Even when they say its not it is always about money adam before we serve you that beer lets look at the days market headlines. Stocks fell for their fourth straight sessi
Last four sessions. At this pointed, the dow is now back in positive territory for the year. Still, if you look at where we stood just a week ago with some of the concerns about what was happening, it looked like things were going to expire, but were headed back there now. Well see what happens as we get through to some of the news coming out today. We do have on our agenda this morning Economic Data and earnings from the Worlds Largest retailer. At 8 30 eastern time, we have two reports. Jobless claims and july import prices. Walmart is set to post Quarterly Results. Thats expected around 7 00 eastern time this morning with all that weve heard from the retailers including macys with numbers not as strong as people had expected. Thats going to have people watching very closely to see what walmart has to say about the consumer. Well be hearing from kohls before the opening bell and then this afternoon we have jcpenney. Weird about europe, is it not . When they finally resession . Well,