Lets get right to it. Tesla investors getting a shock. Shares falling 3 after the carmaker announce the recall of every model s. It has ever sold. So what does this mean for the stock. Lets get into the money and find out. And this is a voluntary recall and it may not cost that much in the end. It may not cost. And what location they bring in to bring the cars in. You have to set up the locations to bring the cars in. It was one faulty seat belt. So i think the 3 decline at one point was a massive over reaction here. But this is a company that is has not produced a whole heck of a lot of cars so far. They have guided to 50,000 next year. And these will become more common as they produce more cars. Right now, not a big deal. 90,000 cars, and lets assume it costs 1,000 a car. Thats 90 million. I dont think that is troubling. What is more troubling is yearoveryear quarterly both. And that has justified obscene multiples from a automaker perspective and now 10 yearoveryear. And the street
Negative and s p is back in the black for 2015. Show you what is happening in europe where you see european stock extending their december losses. European stocks are down 4. 5 for the month. Red arrows across the screen with germany down 1 . Germany is closed tomorrow for the you new year holiday. Treasuries selling off, yields sharply higher in light trading. Big story has been in the two year bond yield where weve seen the highest level since back in 2010. Crude oil under pressure, that is hurting stocks. Wti just back over 37 a barrel. Drench t brent actually trading high. We begin with amazon and google hitting alltime highs. Will the s p be able to close in the green for 2015 . Its another win for carl icahn. Bridge stone says it will not counter his off for pep boys. And apple will settle for failing to pay taxes between you 2008 and 2013. So stocks poised to open lower. Data from American Petroleum institute indicate supplies building in crude supply. Report due out in about 90
Year that his army wipes out the United States. The broadcast Iraqi State Television after the iraqi army was able to put the remaining presents out of her body. Much more on the developing story throughout the show. Peacefully marching in the streets of cleveland after grand jury declined to indict two officers in the shooting death of 12yearold tamir rice. Timothy bowman and frank gone back engaging in a perfect storm of mistakes according to prosecutors that they claim did not constitute criminal conduct. Turning to the markets, futures pointed to a higher open. The dow and s p in the red for the year. Take a look at how futures are up this morning. Three trading days left in 2015. In europe the markets are all trading higher. The across the board gave up 1. 5 on the dax in germany. Markets finishing to the upside. Shanghai, nikkei, hong kong and kospi and south korea. On to sports we love it. The nfl action with the Denver Broncos finish in the Cincinnati Bengals in overtime. Leadi
Right now down as much as 5 this week, down 20 since july. What low Oil Prices Mean for the economy, for consumers like you and for retailers. And get ready. A ton of earnings next week. The names you should be watching and how to trade them ahead of the results. Sue is here today. Cnbc headquarters. I am. And wow tgif. It has been a wild week for stocks. They are near session highs roith now. We will see whether that holds going into the close. Right now the Dow Jones Industrial average traded up 54 points. The s p in the green by about two. The nasdaq is the troubled child for the market today down 33 points, the chip stocks getting decimated. The russell 2000 is on the upside but just about by two points. The transports which were down close to triple digits at one point have dramatically paired their losses. The three major down about 2 . The nasdaq down more than 3 . The dow transports we mentioned were having a tough week down more than 6 for the week. In terms of the oil market
Energy actually is the Leadership Group with oil touching that fiveyear low and then getting a little bit of a bounce and energy names with it. Lets talk about the markets. Joining us now is dani hughes and kenny pulcari, diane gartnick and our own rick santelli. Dani, what do you make of todays move . It occurred to me months now we have one story of the stock market. Its great. Commodity and bond market tells us theres manager to worry about. What does today tell you about where we come down on the question . We dont know. We have seen the market fall off dramatically today and come back dramatically, as well. The underlying issue of oil and oil prices is big one and you see the dichotomy, as well. Consumers are benefitting and you see housing prices rising, as well, so they have a lot of juice in that and then the job recovery, as well. But then you see Oil Producers getting hit very hard and the concern about the price of oil and domestic Oil Producers and how to make money going f