Now a end of the year, and as dominic chu tells Pay Attention to. M promi, for so the earnings to be less bad and turn to the positive here by the end of the year, and you still have what we would argue is low e for longer in terms of the interest rates, and which ever you cut it, the lower tt includes s mea stock s higher. There are debates to wh lead which will fall behind. Many strategists believe that technology and health care will help to drive it higher. I actuaparticular, because i that you have frankly also tethered to longer and the demographic dynamics in the u. S. , and the aging boomers. Valuetech, y, i and big mega cap names performing well through the most recent earning season. Reporter uptic for the market on the upside, and techno two of the biggest parts of the s p 500, and they have a better than expected earnings so far this season. Certain places out there. And there are certain areas of utilities that you have to be concerned about that have high valuations, and
Be celebrating at 11 00 a. M. Eastern which we are about 18 hours away right here in new york city. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick with joe kernen and andrew ross sorkin. The dow tracking to close out 2015 down about 1 . The s p is just near break even levels. Were three or four points above break even. That would be looking at the nasdaq and looking to finish 6 or 7 higher at this level. Lets take a look at the quick u. S. Equity futures. Where we go this year, break even on the futures this morning too. The dow futures are up by 7 points. Not to rain on the new years eve parade but news just out that authorities in belgium now detained six people as part of their investigation into a new years eve terror plot yesterday. Heres where it gets more complicated. They called off the new years eve fireworks display citing fears of a militant attack. They wouldnt be able to guarentee that every attendee could be checked so they cancelled the celeb
Taken to umc where he later died. Police believe he was about 60 years old. Witness the impact knocked his shoes off people nearby the scene rushed to save the man. Witness a woman came by said she was a nurse because the guy was lying she pulled off his shirt witness then i got out of the car and saw a foot underneath the car investigators interviewed the woman driving. And are trying to determine what caused her to go into the median in the first place. Jacoby it looks like it may have been preventable we dont know what the initial cause of why a car would hit the median area state senator mark manendo says he is currently working to have bus stops pushed back away from roads. Wants to slow traffic down in certain areas. And wants to make roads more narrow so drivers have to focus more closely on driving. He says everyday that zero fatalities are reported. Its a good day. Mark manendo d today was not a win metro police do not believe the woman driving was drunk. But they did not rule
York. Lets take a look at new york city itself. Temperatures right now, 49 degrees. You might say how is it going to snow . Trust uts, it will happen later this afternoon. It will be snowing at 37 degrees. That can happen in the atmosphere. Were in the 1 to 3 inches range here. Heading out to long island, less than an inch there. Were looking at 5 to 8 inches of snow. Thats the case in other major cities, as well. Washington, d. C. And the 1 to 3 inch rain. The general rule here is 95 is going to be your dividing line between that heavy snow to the west and the lighter snow to the east. Still, its not going to take much today. Take a look at boston, youre in the 1 to 3 and 3 to 35 out towards 98. West, 12 to 18 inches of snow. So you have some flight problems, you obviously have driving problems. The timing on this . Its going to start at rain as it already did. Were going to watch that mix over. The rain snow line is going to drive down to the south. Later on this afternoon, a lot of
A lot to talk about. Policy front as well. The president unveiling a 4 trillion budget that he says is all about middle class economics. Republicans say this is just asking for more taxes and it doesnt balance the budget. It does include a proposal to bring offshore profits back to america. Its very similar to a bipartisan proposal introduced by republican senator rand paul. He will join us to speak about the president s budget and well try to figure out if hes getting in the 2016 race. You dont want to miss that. Plus could activist investors take aim at twitter and at the ceo. Darren swisher wrote a piece thats been getting a lot of buzz and our jim cramer has said, quote, a, b, c, anybody but costello. Well see how hots hot seat is for dick. Its a new month, were kicking things off in slightly negative territory. The dow has been up and down. Its hovering around the flat line. The nasdaq is the underperformer, off ten. Earlier it felt like flashback to december where we sat and sat