and it is 4:00 on wall street. do you know where your money is? i m maria bartiromo. we re moments away from my first on cnbc interview with bill clinton. you won t want to miss what he had to say about the looming fiscal cliff and how to jump-start this economy in the u.s. first, let s look at what we re following at the close. dow snapping a four-day losing streak after better than expected ism service numbers. can the momentum continue or will fears about europe retake center stage tomorrow? facebook falling another 4% falling below $26 a share. the stock now down better than 30%. 30% since going public at 38 just a couple of weeks ago. take a look at how we finished the dow industrials. volume anemic at the big board. 12,127. nasdaq up to 277le. and s&p 500 up 7 points, at 1285. investors were more hopeful today after the dow helped break the three-day losing streak. back with us once again, the financial network groups, nathan, david kelly, and barclays, larry kantor.
estimate is. i can tell you earnings per share 1.61 x items which is a little better than had been anticipated. what is that number? earnings for the year, $4.1 billion. what s the estimate for the the year? dupont. looking 425. i m still hooking for thelookin revenue number. breaking out all the individual and we have ellen colvin coming on at 8:00, talking about this and a whole lot more. and you will see input costs because of $102 i thought it was interesting yesterday when they made the point that with brent where it is, why is wt it i is like the cheapest thing. yeah. deal book being i assume. it was. let s talk about deal news this morning. apologies about the voice in advance. as you were saying what happened to your voice? when i say things off camera, if i already use them, i feel bad using them on air. i walked in this morning, he have a little bit of a frog in my throat. he says obama rally. you lost your voice at an obama rally.
down 124 today, almost 1% on the dow. the nasdaq gave up 45 points. it, too, is off one of the worst levels. and the s&p 500 down 14.5 points at 1398. a second day of selling on wall street ending with a slow melt up in the final two hours of trading. stocks pairing losses. dow finishing down .09% well below the deficit at the day s low early in the morning. the s&p posting the biggest drop in about a month. we ll get to retail coming up. the telecom sector doing well holding on to gains despite the rest of the market is under pressure. by the way, the only one to trade in positive territory throughout the session. bob pisani has more on the latest on wall street. so we started out weak and then at the end of the day had a pretty good bid. what happened in that last 30 minutes? well, europe have you noticed when europe closes, we get better. we hit our lows around 9:30, 10:00. some days you wish europe would stay closed all day. the minute europe closed, we started to get
oil down again today. that s putting pressure on the energy sector so far. here s a look at the major averages. down 87 points on the dow. almost back to the lows of the session. the nasdaq is down 16 points. it eeked out that small gain yesterday but not today. s&p, as we mentioned back below 1400. down 11 points. maria? bill all of those fears about a global slow down has been sending significant money. rbc and the recent wall street selloff, whether or not they see more retail investorses. we re coming to you from the fixed income at the trading floor. as for the market, we are seeing shares of nike on the move today. the sports apparel giant will report numbers after the bell. the company is expected to earn $1.17 a share. this is the fiscal third quarter for nike. we ll have analysis coming p in the next hour of the closing bell. we re watching shares of mcdonald s. ceo jim skinner announcing his retirement. later on, we re taking a look at how this move can affect m
schieffer: good evening, scott s off tonight. i m bob schieffer. the fallout from washington s inability to find a solution to the budget crisis and raise the debt limit has, apparently, begun. on wall street, the stock market was down for the third day in a row. the dow fell more than 198 point today. for the week, it s down nearly 400 points, and it has lost close to $105 billion in value. some of the bond rating services are now saying that even if congress does reach an agreement on a budget plan, it may be too late to avoid lowering the rating on some american securities. we have three reports tonight on that and what it means for small business and your credit card. and we start with anthony mason. anthony. reporter: bob, america s credit rating has never fallen below triple a, but with washington looking increasingly dysfunctional, economists now see the threat of a downgrade as high and rising. do you honestly believe that the united states could default on it