Interest rates unchanged at its final policy meeting of the year. Last month, though, policymakers surprised the markets with a cut in the Interest Rate to a record low of 0. 25 . Well check in with Ross Westgate in just a few minutes. The dow and the s p are now on a fourday losing streak. This morning, futures are around the flat line. Down by about 2. 5 points for the dow, down by 0. 5 for the s p and the nasdaq is up by 4 points. November samestore sales will be coming in throughout the morning. Coscos comps rose by 2 during the month. That was short of what the street had been expecting. You had lower gasoline prices and weak foreign currencies. Both of those ended up hurting results. Aeropostale is reported a much bigger than expected loss for the faurourth quarter. Also take a look at apparel retailer guess. It is cutting its full year revenue forecast. The company says it expects a bigger fall in european sales in the Holiday Shopping quarter. Joe. So you showed that we showed
Defund the health care bill. Among our newsmakers on the topic this morning, we have former oh bam in omb director peter or zaszag. Then coming up at 8 30 eastern, we have former vice chair alice rivlin. And aei senior fellow Kevin Hassette. And in other washington news, the federal Housing Administration will likely soon take a cash infusion from the treasury. The agency needs help to cover losses from souring loans. Jcpenney looking to raise as much as 750,000 to 1 billion to build up its cash reserves. The retailer is leaning towards issuing new shares. But other methods of raising capital are erroredly on the table. Goldman sachs says it expects the retailers to move more slowly. Anyway, another hard hit stock this year, blackberry, we talked bit almost every morning. Fairfax financial says it is confident it can find the money to fund its 4. 7 billion for the smartphonemaker. But shares did fall yesterday on doubts about that bid. Meantime, tmobile, i dont know, becky, announcing
Its got to leave, though . I think so. Conceptually you would hope someone could reform. But when you look at what hes done, the signs arent good. He hasnt changed his pay. They give an indication of a ceo that doesnt care about shareholders. Thank you for coming in today. Make sure to join us tomorrow. Right now its time for squawk on the street. Good tuesday morning. Hope you had a great threeday weekend. Welcome to squawk on the street. Im carl quintanilla, with melissa lee, jim cramer and david faber here. Fiveyear highs last week, europe had strong Investor Confidence numbers in germany. But actually, was disappointed in the bank of japan. Which well wait until next year before it targets a new inflation rate of 2 . Our road map begins with what cramer calls the most important earnings week of the year for the quarter at least. A parade of dow components starting with verizon. A 12 cents miss dragged down by superstorm sandy. Dupont 2013, a cautious year with the slow growth world
Evaded the schools in this district. Reporter the report conducted by the u. S. Departm t Departments Office for civil rights says groping, grabbing and sandwiching females between male students and up against lockers are common. And even at the Elementary School level, unwelcomed sexual touching often takes place. Our schools should be able to go to school and expect they can focus on math, they can focus on science, they do not need to focus on worrying about whether somebody will grope the students in hallway. Were not denying these things. Were remedying these problems. Reporter district officials have been working hard since 2009 to correct the problems. Schools now have surveillance cameras, allowing staff to constantly monitor behavior. And Sexual Harassment training has been beefed up. Were not putting our head in the sand and not addressing. Were taking proactive steps to remedy the horrors of the past. Reporter but federal investigators say much more needs to be done. Distric
Maybe buying s ps is not that crazy. Bobs all for it. Do you want to run the dow up to 30,000 . 100,000. 100,000 . Performance would be phenomenal, right . And wed all be rich. The japanese have the equities, reits, they bought a whole bunch of investments. Why are you such a stick in the mud . I guess im a traditionalist. Look at the wealth creation. Yeah. Ill leave it to bob to thank you. It might not work, bob. Weve got to get back to the real economy. Weve had too Many Companies report better than expected earnings, revenues that have been this much better, and give negative forward guidance. Thats got to turn. We complained of a lot of things. We havent put the earnings on the table. In the meantime, weve got low inflation and a Global Economy thats growing moderately, and Central Banks that are, back to your point, giving us all kinds of ammo. Thank you. Weve got to go. Squawk on the street begins right now. It was a year ago that this vision youre looking at right here became re