Bomb for stocks. Hell tell you what it is and why this hour. West texas crude crossing below the 50 mark for a short time. Right now just a nip above it. This is a massive cold snap about to cover much of the united states. Snow, too. Already hitting some parts of the country. Its going to be a rough week for weather. Snow ice and freezing cold. The forecast is ahead. We give it all to you, including sue at the nyse. Hi ty. And stocks have been spiraling lower this hour. A big triple digit loss on the dow jones. But we want to take a look at the dow and markets through the prism of ets. You can see down almost 1. 3 . Qqq, nasdaq 100 and the iwm is the russell. Now, the Health Care Sector is traveling with a break even line today. Some people were calling that a safe haven earlier. Not so much now. The hardest hit sectors of the day, energy. Financials materials, also down considerably on the trading session. Now, the transports and ten year transportation average is now down almost 2.
Airlines. You have probably seen the incredible orion launch earlier this morning. Wait until you see the landing, the splash down, unbelievable. Takes you back to the apollo days. First to sue at the New York Stock Exchange. The dow closing in on the 18,000 mark. So lets get you up to date on all of the numbers. The Dow Jones Industrial is up about 80 points on the trading session, 17979. 18. We are not far away. Up 10 from the october 15 lows. Bob pisani joins me on the floor of the nyse for perspective. 321,000 everybody went whoa. You could hear the air out of the room. Upward revisions. And wage growth on top of that. Lets look at what is moving the market today. Might be surprised because my guess was industrials would lead the way, not quite here. It is actually financials as well as materials and health care modestly on the upside here. I want to point out we have a lot of new highs in financials today, regional banks are strong right across the board here. A lot might say why
Its called a tsunami move. The swiss bank stunning markets overnight scrapping the peg against the euro sending its currency soaring up 10 against the dollar now, but it was up as much as 30 right after that announce. Check this out. Gold moves on the swiss move this morning. The last trade on the gold market is up 28. 5 on the trading session. Sarah eisen is following the story for us here with the move that stunned markets all the way around the world. Shocking policy uturn. This is what happened. The peg, were talking about, was put in place three and a half years ago to keep the swiss frank from being too strong hurting exports, a key part of the economy. This goes back to the european debt crisis three and a half years ago when people just could not get enough of the swiss franc. What they did, they got rid of it today. Why . It was becoming very costly. It was reeking havoc on the Balance Sheet of the central bank, building up more than 500 franc in reserves defending the line in
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
Welcome to countdown. Coming up we will bring you an exclusive interview with the ceo and chief creative officer, christopher bailey. He spoke to bloomberg during fashion week on friends, tech, and and what it means to be a British Heritage brand. The eurogroup on the draft proposal, a form submitted yesterday. If it is approved, greece will secure use well the draft must first be accepted by the imf, ecb, and European Commission before being verbally recognized. Formally recognized. Then we put to National Parliament for formal consent. But will address to get that far . We are going to head to athens with Erik Schatzker and hans nichols. Erik lets kick it up with you. You have been on the ground since sunday where are we in terms of the details . Manus we are no further along than we were yesterday. Another day, another deadline. The only difference is that we know there was some communication between the greek government and the socalled troika. At least one set of draft proposals w