Fiscal cliff may well decide how the voting goes. Well tackle it all but lets begin with sue herera. Sue . Another day in the red for the markets. Yeah, very much so, ty. We have a lot to get into in this hour, a very important discussion in just a moment. First a check of those markets though. The Dow Jones Industrial average was in the red just a few moments ago and now it has bounced back up into the green with the Dow Jones Industrials now up ten points. Nasdaq composite up four, the s p 500 up 2. 77. We begin this hour with ceos on the fiscal cliff war path. Chief executives of 80 very well known and large u. S. Companies, like at t and aetna, putting pressure on congress to cut the federal deficit by cutting spending and by raising taxes and changing the tax code. One of those ceos campaigning to fix the debt is nicholas kelio. President of airlines of america. You have an awful lot of experience in several administrations in washington. So you know how the game works. How close
Shortterm hiccups will earn 3 cents or 4 cents in the next few years. Significant acreage in an area called sacramento, and real estate is booming. Second one is a simple one, thats called legg mason which i announced yesterday. Legg mason, 164 million shares, down to 128. Every day they announce twothirds of the cash flow is going to buy back stock. Great Cash Generator and theyre solving a lot of their issues. Thank you. What are you bushing barons . You get online happy valentines day, dr. Love. Squawk on the street begins right now. Im melissa lee, with carl quint a nil quintanilla and david faber. Jim cramer has the week off. Take a look at the picture in europe, the focus on the g20 meeting and g7 statements, saying they stand by market determined exchange rates. We saw a bit higher to the euro, above 134 this morning. Japans nikkei surging nearly 2 . The markets in china and hong kong are closed for a second straight day in observance of the Chinese Lunar new year. Apple, in jus
And as the Company Continues to spend heavily on expansion and Product Development and items like it new kindle line, revenue rose 27 also short of forecasts. Am that sons further Quarter Sales outlook is now shy of analyst estimates and amazon shares did fall in late trading yesterday. You can see that on the board there. 221. And Computers Featuring Microsoft Windows 8 hitting store shelves today. The company is opening 32 pop up stores just for the holidays. Its designed to run on a variety of devices. Pcs, lab tops and tablets. We heard from Steve Ballmer about it yesterday. Joe. Fiscal cliff still about two months away, but the combination of scheduled tax hikes and spending cuts may already be impacting the economy. The Washington Post citing a report by the National Association of manufacturers says companies are bracing for the fallout by cutting jobs and delaying big purchases. Government data shows Business Investment stalled in september. The report goes on to say if Congres
Closing bell is next. See you tomorrow. Hi, everybody. Good afternoon. Welcome to the closing bell. Im Maria Bartiromo at the new york stock exchange. Good to see you, scotty. A steady drip lower for this market today. Nice to see you as well. Im scott wapner in today for bill griffith. In the markets right now, take a look at the major averages. Dow down 71. 5 points, at its worse. The dow was looking at a tripledigit loss. Got down to about 91 points or so, still sitting down right now. Nasdaq, s p are off with one hour to go in this trading day. Maria . Well get much more on the markets coming up, but first Steve Liesman with breaking news right now. This is the latest read on the u. S. Economy. Steve, what can you tell us . Maria, thanks very much. The Federal Reserve reporting Consumer Credit for november, consumers in a borrowing mood with Consumer Credit rising 7 . Nonrevolving credit, auto, student loans, up by 9. 6 with a big rise in student loans. The federal part of this thi
Thing, he resigned, so he could have a reasonable succession plan. This is the oldest Major Institution in the world. Secondly, it opens up the possibility that one day priests can marry, which i would be the salvation of the church. This is going to be a very interesting debate as a result of this. I was born catholic. Im not now. Youre supposed to say thank you for being here today. Occasionally we see commentary on capitalism in action. Im not a participant per se, im just a spectator, and its a fun sport. Thank you. And thank you, michelle. Join us tomorrow. Squawk on the street is next right now. Congratulations to grammy winner fun and all the grammy winners from last night. Welcome to squawk on the street. Im carl equipment a nil la with melissa lee, david faber here at the nyse. David cramer is off this week. A busy week its going to be. Europe this week, finance minister meeting from all of the eurozone talking about cypress and greece. As for asian markets, mostly closed as t