Weather hewlettpackard will be out with quarterly results. Well have the numbers behind the numbers. Stay tuned for all of that. , picture this. Youre watching shark tank and the guys that found ed whatsapp. Mark offered 16 billion to buy. What does kevin oleary say . Kevin will join us. He never holds back. Get his opinion of this mega deal that was announced last night. One of the biggest tech deals we have had. Joining the spate of activity weve had this year generally. 16 billion for a company that has 50 employees. Well, but theyre going to have 100 by the summer. But it is maybe 19. 5 billion once you add everything up involved. Just a huge number. Anyway, heres where we stand on the narcotics right now. The dow is up 120 points, if you can believe it. 16,616 is the level. Theres the s p up 12plus points. Joining us in our Closing Bell Exchange today, heather hughes, just coming in from blaming the weather. Traffic there in washington. Jim lowell from adviser investments. Rich pe
The nasdaq a 13year record. Heres where we stand right now. What does great 2013 spell for 2014 . There you see the industrials up nearly 82 points. The s p up 10 and nasdaq up 38. So what the heck . Thats what were calling it with the tenyear near 3 . Rates rising in china. How can we hit record after record . It usually doesnt work that way. This time, maybe as the saying goes it will be different. Sue is out, joined by michele at the new york stock exchange. Hey there, tyler. The dow up today, you said it a second ago. Take a look at the returns for the year so far. 25 . The spy, the etf that tracks the s p 500, if you put 100,000 at the start of the year you would be up by roughly 28,000. The triple qs track the nasdaq 100 up 33 year to date. Bob pisani is here on the floor. If you put 100,000 in the s p at the start of the year i would be impressed and hang out with you for a while. Last week with the big rally it would cut into the santa claus rally. It starts tomorrow. Good for
A precursor for the rest of the year. Heres the thing. A lot of people will look at us being down. Compare to it 2008 remember 2007 we also were lower on the s p 500 for the first day of the year. But through october of that year it looked great. Its what happened next that raised some eyebrows. We talk about the historical precedence but its just one day. Were not panicking yet. Maybe the dip buyers are still on vacation. For all of 2013 and 2012 the s p 500 was never under water. In other words, it climbed from where it opened a year ago. Well be under water on day one in 2014. We got that going for us here. Also americans children have been hacked. Snap chat is popular among teenagers victim of anonymous hackers who posted information including phone numbers of over 4 million snap chat users. Well explain the wider implications of what happened here. Theres a very interesting wrinkle. Own hackers told snap chat why they hacked in. Obamacare from the ground view. A car dealership in
Calls. Well talk more about david tepper and some others in just a moment. But first, andrew has a roundup of some of the mornings top stories. Andrew, that story is already here in the new york city area. I cant believe it. We needed it about a week ago. I dont know. Shocked me a bit this morning, whoa, back to work in the snow. Well, happy new year. You, too, happy new year. Fiat decided to buy the stake in chrysler it doesnt already own. This is all in cash. Once that deal closes, chrysler is committed to giving the trust an additional 700 million. The agreement ends months of tense negotiations. The deal means no chrysler ipo. Thats important because the ceo never wanted that. And phil lebeau will have more at the top of the hour. In our corporate news, mccow ka seeno has reeled a deal. Were going to talk more about the big business of gambling coming up at 7 40 eastern time. Cnbc is part of that and windsor media, an Investment Firm run by former yahoo chief terry stimble, its sig
Isnt the government supposed to protect the investors . Yes. Arent they charged with informing investors . Yes. Why didnt they do it . Welcome to 60 minutes on cnbc. Im bob simon. Even though fraud played a significant role in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. In this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. Later, Lehman Brothers bankruptcy investigator Anton Valukas shares his findings on the collapse of the giant Investment Bank where no senior official has ever faced charges in the biggest bankruptcy in u. S. History. But first we begin with a ninemonth 60 minutes investigation looking for wall street cases that might have prosecutorial merit. In december 2011, steve kroft reported on two such cases. We begin with a woman named E