Families and others hit by this senseless tragedy. The horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. President obama is set to make a statement on this tragedy from the white house around 3 15 eastern. Our john harwood is in washington with some more details on what we know right now. John . Reporter well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and all the issues that weve been discussing for some time now, but one of the jobs of a president is to console victims and to console the nation at a time of grief of this magnitude, so were going to hear from the president at 3 15. Jay carney earlier saying he wasnt going to discuss issues like gun control. It wasnt a day for politics. Its a day to focus on the victims of the tragedy, so you
Its 4 00 p. M. On wall street. Welcome back to the closing bell. Some very important headlines coming out of washington as we speak. You just heard, by the way, the very last closing bell of 2012. Coming up in the next hour, were going to break it down for you. Help you use that knowledge to navigate well in 2013. Here are the nearfinal figure y figures. One trader said to me we were lower friday because nobody wanted to go into the weekend long the market. Now nobody wants to go short the market tonight in case theyre able to get this deal done and vote on it in the next couple days. The dow at 13,106. 98 to close out. The s p up today. And a strong day for the nasdaq. Up 2 right now at 3,019. Certainly the market didnt seem to be particularly deterred by the news that john harwood just broke there, the fact it looks like no vote in the house tonight. Which would mean technically wed go over the cliff. But he still thinks a deal will be struck but just not tonight. 2012, check. Its in
Into account, you know, the possibility of other costs and risks that might be associated with a large expansion of our Balance Sheet. Darren and then christina and then greg. So just following up on that last question. How helpful would it be to see as part of the fiscal cliff resolution some nearterm stimulus . The president s proposed that. Do you think how helpful do you think that would be, and ill ask my followup now . Whatever happened to your southern accent . Well, on the second one id like to think im bilingual. When i go home, sometimes it comes out pretty strongly, but i wont try to do that here. So i try to be careful, as you know, not to give views on specific taxandspending programs. I think, of course, obviously those are the province of the administration and congress. The attitude ive taken has been that at a minimum congress should try to do no harm, that they should try to avoid policies that that significantly slow or derail the recovery at this point, so i think t
Major comeback over the last four weeks. But heres the thing, guys, its not just those momentum stocks. Largecap tech stocks also moving to the down side. Steve malone vich at ubs has a buy rating on apple, but he did put out a cautious note today, saying apple could face pricing pressures in china. On that note, intel and ibm will be in focus, kicking off tech earnings next week. Thats when investors will get an initial preview of what to expect in the Second Quarter. Bill and kelly . Seema, thank you very much. Lets talk about whats going on today and what it means. Joining our closing bell exchange, winnie sun from Sun Group Wealth partners, rob morgan, mark matsen from matsen money. Anthony chen, maybe one of the most bullish economists on wall street. Hes with chase. And our own Rick Santelli. Anthony, im going to start with you. The tone of the market lately, weve seen very defensive issues moving higher. Utilities are actually up today, while the secondaries, the small cap stock
We could see a meaningful selloff. Wonder if were not waiting for facebook and apple to kind of give some juice to some areas where people have concerns. Exactly. They will definitely have an impact on the market. Plus, were almost waiting, awaiting billionaire investor Warren Buffett to sit down live with our becky quick in new york city. This will be his first Public Comments about activist investor david win theers who has been critical of mr. Buffet and cocacola over executive compensation issues so stay tuned for that first on cnbc interview. Its the end of this luncheon that he hosts every year for charity, and somebody paid 1 million to have lunch with Warren Buffett today, so i can imagine they are getting their moneys worth right now. Why its gone longer than ever, right . Extra special dessert. Exactly. And after the bell it doesnt get much bigger than this when it comes to marketmoving earnings. First facebook and then apple. Both will hit about an hour from now. Both have h