World. We will take you inside. Tyler is off today. My partner Bill Griffith is here at cnbc headquarters with me. The major averages trading in a narrow range, light volume. You would expect this for the last trading week of the year. We have seen several new records. The s p, the russell 2000 closed in a new high on friday. Here is how we stand at the moment moment. The s p is up a fraction. Now 53. 30. Brent is back below 60 with conviction down 2. 8 now or 1. 66. That is taking a toll on blue chips. Back to the New York Stock Exchange. Bob pisani, happy monday. Lets take a look at the s p 500. We are lower as oil moved to the new lows. Not that much lower. I think the market is holding up fairly well here. You see us off of our highs. S p still positive. Dow went negative a short while ago. We did see oil stocks move down. Look at the exploration and production index. Oil started moving south a little before noon when we started moving into negative territory. Energy stocks mixed t
Numbers in weak. The stock having one of its worst days in years. Down about 27 , 26 today. This comes as jcpenney fires 2,000 workers and gets set to close 33 stores. The changing face of retail all across the usa. Will malls even exist in 20 years . And the imf chief christine leggard, a major serious warning about deflation. Not inflation. She says it could hit the Global Economy very hard, and central bankers dont really have all that many tools to fight it. Sue, whos always upbeat at the nyse on a bit of a down day. We try to be upbeat. Today down in the dow jones industrial. Checking markets now for you, the dow is down 74 points. At 16,407. The s p down 4 points on the trading day. 184433, last tick there. Nasdaq composite in the green fractionally trying to hold on to a gain. Tenyear note, yield now traded at 2. 84 . Comex gold up 2. 40 and brent crude last trade down a fraction. 107. 10. A big week for the banks. On tuesday, jpmorgan beating the street with q 4 eps 1. 40 versu
Dissembling based entirely on political reasons. Technology is binary, somethings vulnerable or not. This was shown to be vulnerable back in november, its now been further demonstrated, and weve got a lot more testimony, a lot more Expert Opinion on there showing that, in fact, there are some very serious vulnerabilities with healthcare. Gov. Connell all right, tell us a little bit about them as you understand them. As this testimony continues today or throughout the day or after the hearing is over well have a summary of it and find out what they found out. However, you say it was vulnerable, and then as we went on it actually got more vulnerable. Youd think the opposite would be true. In other words, if we saw that a web site, this target storys been in the news and other stories related to it in the news, somethings vulnerable, you fix it and it gets better. Why has that not happened . Um, i dont actually know why its not happened. I can speculate that, you know, as we heard happens
Headlines . Lets get the big bank earnings, we have best buy news and ben bernanke. And have you heard of the anti aging product new skin. And what is going on with the company and a thick skin and shares a getting creamed today. And eyepopping 28 , chinese authorities ordered an investigation into where it conducted illegal multiLevel Marketing. That is bringing together a multiLevel Marketing. And Charlie Gasparino watching these stocks, watching the store closing, has the inside scoop for you in a moment. It has reopened, and citigroup both reporting earnings before the bell. X it is that six income trading fell, goldman still beating analysts expectations turning 4. 60 a share, and the estimate of 4. 22, a clear be there. Citigroup forecast by goldman. And 0. 82 a share versus projections. Goldman sachs, citigroup, citigroup is really under pressure by 4 , goldman down 2 so not a great day for either of these names, but when i go to don bose, switzerland for the World Economic foru
Here is a look at the nasdaq. Both of which did not do as well as they had hoped. That was something that hit Goldman Sachs. You have Michael Court that over at citigroup. It was not as strong as they would have liked. Ashley nicole, thank you so much. Lori bernanke giving to be what is expected to be his last appearance. Hate, lori. It was a little bit of a History Lesson from chairman bernanke. Some of the measures, as you know have continued to draw criticism on capitol hill. Listen, i know that there are folks out there that are critical of the fed. Hopefully some of this pressure will abate. As we tell our story, more information comes out about why we did what we did. They understand what we did was necessary. It was a main street set of actions aimed at helping. I am hoping that these political concerns will wait. He also acknowledged up for him personally the most credible risk of trying to unwind all of this and wind down qe and starting the tapering and shrinking the feds for