Cliff. Our very own lou dobbs is not buying it. Adam our very own Nicole Petallides is on the new york stock exchange. Where do we stand right now. Right now the Dow Jones Industrials are down nearly 60 points. The nasdaq composite is down three quarters of 1 . Not a great day here. There are concerns about the fiscal cliff. We just have the deadline timeclock up again. We know that we have very accommodative feds. Lets take a look at some european markets. Finance ministers have been discussing things including giving them more power. These are some of the things that they are looking at closely. We had seen europe really pushing some new recent highs. That is something that pushed us along in the last couple days. Lori a showdown in washington. Sparring over a dead deal. It does not look like either party is ready to budge. Where are we now, rich we are still in the middle of a work in progress. That could be a little bit of an understatement. Democrats say they want a commitment fro
For 2013. Always nice to see you smiling on our show. Thanks a lot. My predictions are going to get your viewers smiling even more, because i dont think anyone really believes weve had a good year in 2012, but i think were going to do even better in 2013, and my predictions 1700 on the s p 500 and over 15,000 on the dow. Do you believe it . But you heard it here first. Anything is possible. Tell us what you are basing that upon. First of all, the Economic News is the best we have had in years angie. Employment is coming back, housing is doing well, corporations are doing well, and, you know, once we get through the fiscal cliff stuff, i think it is going to make people finally make the transactions, get hiring and investing, and make a good story already even better. Realize in 2012, many indexes went up about 15 . So dont you think we could rip off a 20 year . And even if we get close to that, we are going to hit new highs in the s p 500 and the dow. Something that is always noticeabl
Siemens. Answers. Welcome back to squawk. We want to thank or guest hosts for being here on this postsuper bowl wrapup day. Steve liesman, well see you tomorrow. Join us tomorrow. Squawk on the street starts right now. Good morning. Welcome to squawk on the street. Im carl quintanilla, with melissa lee, jim cramer. David faber is off. Signs of reemerging political turmoil, both in spain, and in italy making investors a little bit reluctant to press the button for the upside. It comes after the dow did top 14,000 on friday for the first time in more than five years. Look at europe, thats where the storys going to be for most of the morning before we close at 11 30 eastern time. Germany taking it down 1,100 points as well. Asia got action as well as china. Nonmanufacturing came in better than expected. Clearly the story is going to be in europe for most of the morning. Weve certainly seen a flight to safety take place this morning, as weve seen the bond yields, particularly the spanish 1
Thats a thing of great beauty after the volatility that we had last week. Takes the gains for the year to 6 . Joining us now for the exchange, ralph siegel and jim carr and Jennifer Vail also with us, and our very own rick santelli. Ralph, let me kick off with you. This is a very, very strong week. It indeed has been. The market seem to be focused on fundamentals. Earnings better than we might have expected. And its rejecting accordingly. Yeah. To that minority, 3m in the wake of the earnings up 8 . Phil, where do we go from here in your view . I see the s p going higher. We think adding another 2 to 3 above the years total is a possibility. I think its a wonderful time in the market. Its all coming up roses, rick santelli. Listen. I never want to deny improvement. Talking about improvement, you have to have a baseline and i try to Pay Attention to historic baselines. Theres a lot of underperformance in the economy. Countries underperforming by momo more. Not a lot changed since that d
Thanks a lot. My predictions are going to get your viewers smiling even more, because i dont think anyone really believes weve had a good year in 2012, but i think were going to do even better in 2013, and my predictions 1700 on the s p 500 and over 15,000 on the dow. Do you believe it . But you heard it here first. Anything is possible. Tell us what you are basing that upon. First of all, the Economic News is the best we have had in years angie. Employment is coming back, housing is doing well, corporations are doing well, and, you know, once we get through the fiscal cliff stuff, i think it is going to make people finally make the transactions, get hiring and investing, and make a good story already even better. Realize in 2012, many indexes went up about 15 . So dont you think we could rip off a 20 year . And even if we get close to that, we are going to hit new highs in the s p 500 and the dow. Something that is always noticeable in the market, as you know matt it is the best time