First National Standards to limit Carbon Emissions from power plants. At t releasing the first given the completion with direct tv of that deal. And more monthly auto sales due today. Chrysler and nissan are out. Coming up soon ford and General Motors. First up wall street is gearing up for the first trading day of august. Last month the s p rose almost 2 . Dow up 4 . The nasdaq the best performer of the three, up 2. 8. Greece, the stock market finally opening and tumbling after opening for the first time in five weeks. Trading suspended in late june as capital imposed. The biggest crash ever and their pmis are at 30. Youre talking about a Great Depression there. The makeup of that decline, cocacola, greece greek Cocacola Company is a huge part of that index. Thats down about 10 . The banks are down because i think theres a sense that the banks have to recapitalize. But remember, there are strict rules about buying stocks in greece. Its viewed as a way to do capital flight. So theyre r
Good friday morning. Welcome to squawk on the street on this final friday trading session of the year. Im Carl Quintanilla at the new york stock exchange, along with melissa lee. Thats a good song. I actually requested that a few moments ago. Cramer and faber had the day off. The market has a few jitters as we enter what is going to be an interesting day. Of course, the meeting at the white house, 3 00 between the president and some congressional leaders. As for europe, getting some data out of japan overnight and some data out of europe. Currently red arrows across the board, in london, paris, and frankfort. Our road map begins at the white house. Congressional leaders set to meet with the president , 3 00 p. M. This afternoon. Senator reid has already said hopes of a deal are fading quickly. Just two trading days left until the cliff. And its not just the fiscal cliff. Wind farms and dairy are set to get hit. The ports of the east coast and gulf coast are bracing for a potential stri
For melissa francis. Heres whats money tonight. President obama and congressional leaders try to pull off a fiscal cliff hail mary. Their lastditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. We have the very latest for you. Not even the fiscal cliff can slow down the u. S. Oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. Who stand to reap the biggest gains . Well drill down details so you can get in on this game. Iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. Is iran just sabrerattling or gearing up for something much bigger . Even when they say its not, it is always about money. Adam and a good evening to you. Melissa francis will be back after the first of the year but right now lets look at todays market headlines of the investors were largely gripped by unfoldin
For melissa francis. Heres whats money tonight. President obama and congressional leaders try to pull off a fiscal cliff hail mary. Their lastditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. We have the very latest for you. Not even the fiscal cliff can slow down the u. S. Oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. Who stand to reap the biggest gains . Well drill down details so you can get in on this game. Iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. Is iran just sabrerattling or gearing up for something much bigger . Even when they say its not, it is always about money. Adam and a good evening to you. Melissa francis will be back after the first of the year but right now lets look at todays market headlines of the investors were largely gripped by unfoldin
Point remains finding something that can make it through the house with enough support from republicans. It seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that were going to get something done before the end of the year. Susie you know thanks for that report. I am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all . You know susie when peopletal they are talking about a bad deal in political terms. Frankly its republicans that are most worried about the bad deal they have most leverage. The president has the most leverage. They are worried about a bad deal. Any deal that gets us past the fiscal cliff is going to be seen as a good deal. Susie it seems like we are further apart than last week when president obama gave the last minute pep talk to get the talks going. Do we