Have a great day. Power lunch starts now. Halftime is over. Second half of trading day begins now. Thanks. Our top three stories have a common theme and it is fear. First up the fear of flying after boeing runs into even more trouble with the dreamliner. Then there is fear of the flu. It is spreading coasttocoast like well, like the flu. But since were cnbc, we have found ways to profit. The fear of earning season. Alcoa kicks it all off later today right after the bell. Meantime lets get things started with sue at the nyse. Breaking news, theres another problem with boeing 787. Phil lebeau live in chicago. Reporter take you to boston. At the airport reports of responding to a fuel leak of a Japan Airlines flight that was scheduled to take off from boston to tokyo. As we take a look at shares of boeing, lets point out we have not confirmed this is a 787 dreamliner but thats the type of aircraft flying between boston and tokyo for Japan Airlines. Again, this would be a fuel leak with an
Signs. Im going to go for a ride in this baby behind us. Closing bell is next. Hi, everybody. Good afternoon. Welcome to the closing bell. We enter the final stretch. Im Maria Bartiromo here at the new york stock exchange. The market trying to stay in the green. Second straight session. At the highs of the session as we approach the final stretch, scott. Back at a fiveyear high. Im scott wapner in for bill griffith. On top of the markets plus a whole lot more. Did the upper income crowd start retrefrping before their taxes were raised . Some worrisome evidence that they could already be hiding their wallets . Jim grant from grants Interest Rate observer here with a big warning about the debt ceiling fight, and it may not be what you think hed say. Plus, are women better Hedge Fund Managers than men . Maria says yes. A new study agrees. Well speak with the person behind the data. Let check the markets right now as we approach the final hour with the Dow Jones Industrial average at highs
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
Great Balance Sheet. Mario, thank you. A lot of fun. We have to go. Well talk about hot dogs next time we see you. You bet. Make sure you join us tomorrow. Squawk on the street begins right now. Good thursday morning. Im melissa wlee wilee with jim and david faber. Lets get a check on u. S. Futures and how were setting up. Positive data out of china. China exports came in much stronger than expected. Jobless claims coming in 9,000 above consensus estimates. A higher open at this point, dow about 52 1 2, s p looking to open up 8. As for the picture in europe, of course all eyes are on the esc presser, ecb and bank of england leaving rates unchanged. The question is will draghi open the door for the possibility of a cut. So thats on our radar. Italy biggest gainer there up more than 1 . Our road map this morning starts in washington. Jack lew officially nominated as treasury chief. Lew is known for his role in the being acrimonious talks in 2011. What could it mean this time. Tiffany dis
Good evening, everyone, im larry kudlow. Is the boeing 787 fit to fly or is it a firiing nightmare. And the stock has been crushed. Meanwhile after filling out his National Security bcabinet. We have government shut downs and debt ceilings. Vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. Cnbc contributor jared bernstein. I cant think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. I take issue with that. You have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you cant have a better guy than jack lu. You can talk a lot about it. That is where i disagree. This is not, hang on a second. Im going to give jimmy a whack at this. This is not the director of the office of managing the budget. That is where i used to work. This is about financial ma