Stocks and stories making headlines today. Lets begin in the middle east. Egypt says its ceasefire agreement has been reached. A sevenweek conflict that has killed more than 21,000 2100 palestinians. Palestinian demands for a gaza airport and seaport will reportedly be discussed at a later date. Also today, the Associated Press signing family members and u. S. Officials is reporting the third u. S. Hostage held by Islamic State militants is a female aid worker and it comes after the Obama Administration authorized surveillance on the militants in syria. That could be a prelude to airstrikes in the region. The Islamic State has become one of the most feared terrorist groups. It is extremely wellfunded. Part cook has more on that of the story. They are doing it through the course of their takeover of seven oilfields in northern iraq, including two refineries in six of 10 oilfields in syria. Generating by some estimates as much as 2 million a day in revenue for the Islamic State. They bas
On the high street with them falling near the stock 600. And the Prime Minister tells cnbc exclusively the muslim brother is no longer welcome in his country. Physically, they feel more and more excluded. They are in a state of denial, so they are really stuck. Hello and welcome to the first Worldwide Exchange of the week. We kick off the data out of the eurozone, we are unchanged from the estimate, 52. 1 in december. 52. 1 in november. Enjoying a fairly strong finish to 2013. So new orders in at the fastest pace since june 2011. The Employment Index hitting the 50 mark for the first time in two years, that means employers are hiring people just as many as they are lagging off. But france seems to see the flash repeated. Theres a better number out of spain as well. Euro dollar at 1. 3601 away from the number we hit weeks ago. Well get thoughts from kathy, is sturgon manager. Happy new year. Happy new year. In 2013 there were russian consultants in europe and core europe. Now its really
Call me, 1800743cnbc or tweet me jimcramer. When the Standard Poors 500 breaks out to new intraday highs, like it did today, your most important job is to play the skeptic, to don the bear suit, to poke holes. On days where the dow falls 196 points, before reversing hard in the afternoon, closing up 106, while the nasdaq advanced 0. 69 , the last thing you should do is cheer leid. You dont defend a market thats roaring higher. You come to the markets defense when it gets clubbed, as it was just a few weeks ago. With the averages down more than 5 and half the s p off 10 or more. So, lets take this roaring market as a terrific opportunity to go over not the bull case, but the bear case the reasons why the market stho shouldnt be this high, shouldnt be. First, theres valuation. Now, theres no doubt this market is stretching the bounds of reasonable prices. The average stock is selling for 17 times earnings. And let me just tell you, you might not understand that number, but its certainly
Folks, right here. Think about that. A halo, a pitch. You put your money in or watch for warning signs . Sheila and seema have both sides of the coin today. And Timothy Geithner, the back story, folks, former treasury secretary, key player in the financial crisis, has a new job now, but wait until hear the backstory and st. Loueve liesma it. Halo or pitch fork . Seema is such a sweetheart, should have been two halos. I know what they were trying to do. No way she could be a devil. We have a recordbreaking day down here, ty. The dow and s p crossing big, big numbers, 16,000 for the dowp. Right now it is up 39 points on todays trading session, but its up 144 from the march 2009 bottom. The s p hit the 1800 mark for the first time ever, it is now slightly to the downside. Its kind of hugging that 1800 mark. But it is up 165 since that 09 bottom. The nasdaq inching ever closer to 4,000. That index is down 4. 5 points today but its up 214 since march of 09. The big question now is, where do
Rules. And bazooka, remember the company that makes gum . It is looking to stay fresh in the candy business. All that and more over the next hour. But first, carol massar. The push to the cloud seems to be paying off. The thirdquarter net income was . 68 a share. The average estimate was . 63 in profit sales. 20. 4 million. Missing analyst estimates roughly for the Second Quarter will be breaking even the three cents a share. Analysts predicted a nickel a share. Amazon rose during its first quarter, limiting profit to . 23 a share on sales of 20 billion in line with analyst estimates. Back over to you. Lets learn more about amazon. Com. Jon erlichman is in los angeles. We also have the cofounder and chairman of media morph. And with details on the amazon tax, we have a researcher who is finance professor at ohio state university. He joins us from columbus, ohio. Jon erlichman, what went on in terms of the details of amazons business . We know that they have been willing to sacrifice sh