Easy money will help the market any day. Are we too complacent on buying . Ill tell you, the way the fed is running the money this has a long way to run. This is the fed. The news out of europe, the stronger dollar, but at the end of the day without the cheap money from the fed this market goes flat. Its not about the sequester that could kick in a week from today, not about the elections in italy or the currency wars going on right now, its about the fed . At the end of the day, yes. Youll see little bumps in the road like the last two days but they will disappear like they did today. Up 115 points. Have a good weekend. You too. The market is going higher and higher, the dow up 115. Looks like it will go out positive and every friday this year. Thats it for the first hour. Stick around for the second hour closing bell with Maria Bartiromo. And it is 4 00 on wall street. Do you know where your money is . Welcome back to the closing bell. Im Maria Bartiromo on the floor of the new york
Specifically, down 40, obviously, as a result of what happened at the fed, but there was also news about inflation. Inflation picking up a little bit, and that worried people a bit. Bottom line is gold went down and gold stocks with it. Right, and all of those factors are exactly correct, dave, and i would also add in south africa where they have labor problems and some say those are overblown, but others say, no, that stock, for example, down 7 . Liz high end lek try car maker tesla going to report earnings, stock down 10 , but were waiting for the numbers. One to watch. May citys sells off on the battle to martha stewart. Liz bells clang on wall street, and in just the last hour and five minutes, a big drop down for the dow jones industrials, after the fed minuteses, down 12 22 points. The dow plummeted 110 points, s p lower by 19, one and a quarter percent. Nasdaqs hammered, down one and a half percent and russell down one and a half percent. David oil, following golds lead, but a l
Spend my whole paycheck on some old wreck and i could name you a few i gotta get drunk and i sure do dread it because i know just what im gonna do i gotta get drunk, lord, a lot of good people in town if you hear me holler, see me spend my dollar, need a lift from town a lot of good doctors keep telling me george, you better start slowing down more old drunks than there are old doctors so i guess we better have another round imus in the morning is this the new normal for americas Economic Performance . Dull, slow, weak . Good morning, everyone, walmart sold less stuff. Thats a measure of the overall economy. Walmart took in less money. Walmart sales were down. Walmart tells the economys story. Whats going on here . Well, start with gas prices, up again today, by the way. Up nearly 50 cents this year, you cant spend at walmart when your gas costs so much more, so suddenly. And then theres taxes up for everyone as of january the 1st. You spend less when your paycheck shrinks, throw in ri
Welcome back to squawk. We have odd breaking news this morning. We reported earlier today that home depot and excuse me, office max and office depot were merging. Theyve taken that press release back. Apparently the negotiations are still ongoing. This according to dealbook. Well find out more throughout the day. Thats where things stand as we speak. Robert wolf has been our guest host. Thank you for being here. Its been a lot of fun today. Well see all of you tomorrow. Join us tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber at post 9 here at the New York Stock Exchange. The day after we broke a lot of records for the u. S. Markets, were looking at an update for the dow. The s p looking to give back just a little bit, along with the nasdaq. As for the picture over in europe, some comments from germans chancellor Angela Merkel about the euro saying between 130 and
S. All right, quickly, the developing news from south africa, happening live right now. The lead detective in the Oscar Pistorius murder case is now facing his own allegations of attempted murder for allegedly opening fire on a van a few years back. Top prosecutors are calling for that detective hilton botha to be dropped from the pistorius case. They call the timing totally weird, saying that the detective should be replaced. Now threatening to undermine that case against Oscar Pistorius. At the top of the show, we asked you, why are you awake . Its a good question. J. T. With your answers. Peter alexander, teamed up s. No snow yet, but when it comes, im ready. Bring it. Dont worry, i think it will be brought. As bill karins says, get that shovel ready. I hate to admit, peters great. He has those conservative good looks that cant work. However, he needs to move around and saunter, et cetera. Well get on that. Appreciate the guidance. Always been proud of my sauntering capabilities. Mo