Its statement to drop the pledge to keep rates close to zero for a considerable time. The feds twoday policy meeting begins tomorrow. The oil shock continues as crude Oil Prices Bounce back after volatile early trading. Brent had dropped to a 5 1 2 year low after the further price declines. Also in the headlines, opecs chief defending the decision not to cut the output. Wti is up by 40 cents only sitting at 58. 21. Last week 13 decline in oil prices sent waves throughout the Global Markets in the last five trading sessions. The yield on the tenyear tnote posted the biggest weekly decline in terms of a drop in terms of basis points since june of 2012. And the dow dropped almost 4 over the course of the week. That was the worst week since november of 2011. Weve been watching the equity futures this morning that look to be bouncing back, at least in early trading. You can check it out at this point, tripledigit gains for the dow futures up by 102 points. The s p 500 up by 11 points and th
Wrong. Poor ross. All right. Power players coming up. No 13th month . In the world of investing. Carlisles David Rubenstein, steve shoresman blackstone, venture capitals marc andreesson, and jamie dimon. Look at that in addition we have jerry webb. Make us all the rest of us feel we have one youre an economist or something . You play on to have you can think about the 121212 thing in the meantime because youre good at math. Yeah. All that stuff. All right. As we move closer to the edge of the fiscal cliff, every move is being magnified by the markets. President obama and House Speaker john boehner spoke by phone on tuesday, exchanging new proposals. The president gave boehner a revised offer on monday, reducing his demand for new tax revenue from 1. 6 trillion to 1. 4 trillion over ten years. Boehner responded with a plan that largely sticks to his original offer a week ago. Reports say the white house has told republicans it would include an overhaul of Corporate Taxes in any budget d
The chief executive and the banks cheryl have both come under pressure from swiss politicians to resign. 2. 5 billion is coming from shareholders. The officials are accused of stealing american trade secrets through cyber espionage. Beijing summoned the u. S. Ambassador to china and says its military has neveren gauged in cyber spying on businesses. Eunice yoon will have more from beijing in just a few minutes. Thailands army declared martial law nation wood today. The army denies it is staging a military coup, saying the goal is to restore order after six months of street protests. The caretaker government maintains it was not informed about martial law in advance. The u. S. Says they are monitoring the situation in thailand closely. We have a couple highlights but hg, home depot, out with earnings. The stock is moving around a little bit. The number itself before we look at the chart is 1. The Company Earned 1 a share. The estimate was for 99 cents. That is a little bit above. The re
Thats a question researchers are asking today after they found a human gene with a power to protect brains from the dreaded disease. Here with more, dr. Robert malilo, president of the International Association of functional neurology and rehabilitation and he is cofounder of brain balance achievement centers. Great to have you here, doctor. Great to be here. Gerri tell us about this gene. For all of us aging babe bp boomers i think this is good news. This is good news. Basically weve identified a gene that regulates basically selfdestruction of our brain over time. Meaning that this gene, when it is turned on it protects us against what we call oxy date tiff stress, which is basically stress on the brain and that causes degeneration. Gerri good news, it is inside your body. When youre a baby you have this bean. It is inside your body all the time. Could we find a way to flip it on and off . I think so. That is really the key thing. Youre talking about nongene mutation where the gene i
A billion. I did not say that, jim. Youre my hero. You know that. Mark haynes introducing cramer for the first time here. The first time on cnbc. Oh, i loved them. This the networks 25th anniversary. Well bring you highlights later in the morning. Welcome to squawk on the street. Im Carl Quintanilla with jim. Faber is up town at the nasdaq today. Hell bring us key interviews including Morgan Stanleys james goreman later on. Massive day for earnings. Big cap banks, industrials, tech, s p on track for the best week since july. Dragged down, though, in part by ibm today. The tenyear yield crept up to 2. 66. Claims up just a touch. Europe hanging on to some gains before the long weekend the road map will go like this. Earnings, lots of earnings. The blue chips, goldman sachs, Morgan Stanley, am mex and ge beating expectations. Google and ibm reporting quarters that were disappointing. Pepsi profit and revenue ahead of expectations. Chipotle, mixed quarter, missing estimates but revenue bea