The markets posting their biggest selloff since november 7th. The major indices all down more than a percent this week. Its a big day for ipos led by hilton and aeromark. We have the ceos after trading begins. Facebook, shares up on news the ipo will join the s p 500. Lululemon lower on weaker guidance. The day after the dow closed down, the worst day since september. Retail sales showed an uptick in november. Next week all eyes will be on the fed meeting as investors watch for the potential taper from the federal reserve. Maybe decks are cleared for a taper or at least a serious discussion for one, why not take your gains for the year. Is thats whats happening . We had the largest order in balance weve had ever. If you take a look to sell, if you look at when the market broke down, its look, i can shoe horn anything. I can say thats because of taper, i can say thats because of the budget deal. How about this because of the possibility that there are lots of funds that are locking in.
An address to congress tonight. And stocks getting a slow start to the week. The s p falling for a fifth straight monday. Today is tuesday, anyway, february 12th, 2013. And squawk box begins right now. Asian markets shrugging off the tests in north korea. But markets in china, taiwan remain closed. North korea says a miniaturize ed Nuclear Missile was tested. The u. S. Ambassador to south korea responding to all of this. Its a very provocative act that undermines Regional Peace and stability and i think it would be critical for us to coordinate very closely with you and our colleagues in south korea going forward. Were going to talk more about washingtons reaction and what this all means for geouncertainty and our guest hosts for this hour, Jared Bernstein who works as the chief economist for joe biden. Tony is joining us and Capital Alpha markets managing director Chuck Gabriel. Theyre also going to talk state of the union. John harwood sat down with dave axlerod yesterday. He will jo
Networks. That would be terrible. That would threaten us, right . No, were a cable channel. I know, were part were part of a broadcast network, so, yeah, very important. Well get to that. No, its not your imagination. Gasoline prices are higher. In fact, a lot higher the last few weeks. Whats the reason behind the recent surge, and how much higher do we go . Well have a special report and why everybodys pain at the pump is on the rise. Netflix is set to report what is being viewed as a crucial Earnings Report. The stock has been hit hard over the last month or two, falling very sharply, when it was trading well above 400 a share. The latest numbers, sending it to new highs . Well have the information first, along with the best analysis on the street. In the meantime, lets show you how the markets have been trading. Narrow day. European markets closed, closed the monday after easter. They do a fourday weekend. Why dont we do that . Thats a great idea. Lets campaign for that. We practica
Certainly the stock to watch between now and close. That does it for us. Have a great day. Dont forget to catch fast at 5 a and follow me on twitter. Halftime is over and power lunch and the second half of the trading day starts now. The fight in washington has begun. President obama issuing a warning on the next d. C. Deadline, days after americans see a bigger chunk of their first check of the year going to Social Security taxes. Something rotten may be at apple. The stock is dropping, taking with it the nasdaq and a whole lot of mutual funds. So should you get ready to bite . Go into apple on the report that scott just talked about. And check out the brand new corvette. Iconic car, maybe even more beautiful than its ever been. Thats one of the things on display at the Detroit Auto Show. We will take you to motor city live. But first to sue with the new york stock exchange. Ty, you saw it moment ago on cnbc. President obama finishing up his News Conference in washington. Topic number
Not much of a market move, but still five in a row. Reporter yeah, well, five in a row to the downside. Yeah. Reporter the bottom line here. The dow jones industrials, up modestly 45 points in the middle of the day, and ended slightly in negative territory. If you want to know, what happened in the last hour, because thats why im here, folks, exxon. It did it again. Look at this. There it is. Are we down . Down. Exxon is down 19 out of 20 days by my count. And, yes, yesterday was 18 out of 19. Theres your problem. Energy stocks, chevron was also weak throughout the day. Volume picked up. Lets move on here. One of the reasons we were calm throughout a good part of the day is the 10year flat lined. Look at that. Its just about a flat line here. The yields, i mean, on the downside. Prices on the upside. That helped throughout the day. It helped, also, that emerging markets were a little calmer. It was generally downside day in emerging markets, but a little calmer. Theres the eem, the eme