Session. And the s p 500 down 6. 70 points at 1409. December a historically good month for the markets. The s p has risen 8 of the past 1 years in the final month of yeert. With fears of the looming fiscal cliff, can the trend continue . Were bringing in mike from Yahoo Finance and cnbc and yahoo have a Business Alliance to share and coproduce editorial content and gordon along with bob pisani. Gordon will be along momentarily. Michael, let me start with you. You say this markets preoccupation with the fiscal cliff is overdone. Do you think we go back to the trend and that is that december is a good month on the upside for stocks . Definitely one of the tail winds. All else being equal, probably definitely a strong point for the market. I think this market is laboring to look through the interim noise. You had decent pmi numbers, with the ism disappointing and i think the market is trying to assimilate all this. One thing i take encouragement from, things like junk bonds, small caps ha
The market. Big surprises already this year, in this young year. Gold and treasuries not acting the way anybody thought they would. Absolutely. Speaking of earnings, its a huge day for earnings today. The biggest day of the season. We get some big names after the bell that could have an impact on the market tomorrow. Amazon and google will be out with their results in just about an hours time. We will get you the numbers first. We have a ton of experts standing by ready to break it all down. These are widely held names. Gotten a lot of read through. No doubt about that. The neverending search may be ending. Our partners are reporting the microsoft search for a new ceo could be coming to an end within the next week. Who could it be . Whos behind that question mark right there . Why is it taking so long . And a reminder, heres where we stand across the major indexes right now. The dow up about 110 points. Its off session highs. The nasdaq adding 79 at this hour. The s p 500 up 21 points.
Down without a replacement names. This comes as blackstone takes a 200 million stake in the shoemaker. Sales have slumped in recent years. In france, a get more expensive to it just got more expensive to have a big paycheck. A tax of 75 above one million euros. He made it the sister pays at this campaign in 2012. They are selling off their snack will brands. Buying a stake in the lowfat cookie. Snackwell withne the granola business. Go before theo sochi olympics. Terrorism is already casting a dark shadow. Russia is reeling from a pair of suicide bombings in the city of volgograd. It was formally known as stalingrad and is 400 miles of sochi. Less of the distance from new york to cleveland. To talk about sochi and security, we have the Deputy Director of the pressure program. N washington he specializes in the business of sports at Smith College. Why dont we begin with you . A connection can we draw between what we have seen over the past two days in volgograd and what will be taking p
And everything we loved buy, buy, buy. Sell, sell, sell we now hate. Some stocks, the cyclicals and especially the oils were laid to waste while others, the Consumer Product stocks roared higher almost regardless of how theyre doing. All this action is masked by the averages. The dow sank 54 points and the nasdaq declined 5. 47 and underneath the market is seething and roiling and you know what . Its begging for prognostication. So what is going . Why are we tossing out the Natural Resource stocks and embracing stocks that do well in the slowdown . Three reasons, the United States, europe and china. Big reasons. All of the three legs are developing some chinks and theyre showing in a way thats freaking out owners of stocks that we havent seen since Interest Rates started to soar in the spring. First, as has been the case all year, everything comes down to this darn bond market. Interest rates which seemed to be on the brink of busting out of levels we havent seen in ages are on retreat
Shiller and auto sales. The nikkei closed up 56 . The best performance in 41 years. This final shortened trading week, all the major indices coming off big gains last week. As we look back on this great year for the equity markets, did 2003 end up stealing gains from 2014. Well take a closer look. But this year was not a good one for gold. The precious metal having its worst year in more than three decades breaking a 12year winning streak. Google and apple are expanding their fight for tech supremacy to a new front behind the wheel of your car. I want to welcome dan joining us for the entire hour. The reason we did play fish at the top of the show. It is great to have you this morning. You have actually written a lot over the weekend about the rally that we are seeing and whether or not it is pulling forward some momentum from 2014. This is one of the biggest concerns that Market Participants have now, the end of year rally has been stronger than normal. As such, you are borrowing from