Cap have, and what they jobs are still open. You see monks here at a temple in tokyo ringing bells to celebrate the new year. They are right outside, as you can see. New years is getting underway already in tokyo and overseas. New zealand started off this morning. Welcome to our new years eve edition of market makers. The final day of the year. We have breaking Economic News as well. Consumer confidence numbers are just coming out. We get a better than expected reading in Consumer Confidence for the month of december. Eric, you are just checking that this is the highest since when . September. Calexico decline has been revised higher to a read of 72. It is in line with what we have in seeing. University of michigan, confidence index, all rebounding from lows they saw a couple months ago. So we are coming off of base here. This is certainly a way to tie in how people are feeling as we head into the new year. It is backward looking because it included the runup to the Holiday Shopping se
As well as a look ahead to jcpenneys results after the bell. She is looking at the entire troubled state of retailing today. Here in the studio for the next hour, my guest house, restructuring guru who oversaw Hostess Brands and is now heading a wide range of companies that he will give his take on turning around retailers to overhauling taxes to hiking minimum wage. First, to you on this data breach and the impact on target. It definitely had an impact on target. Not only did it take charge to fix the data breach, the bridge of credit card information at the comedy, but in addition, a depressed traffic, because people, after hearing about the data breach, did not necessarily want to shop at target. The company is a saying in the Statement Today that it is not sure what the future effects are going to be. It is not sure how long this is going to last. All of this said, the companys earnings did top profits estimates. It seems like that is. Share this morning. In addition to the fact th
A lot of Economic Data out this morning, jobless claims coming in better than expected. Core ppi in line with consensus. Retail sales light. As for the picture in europe, take a look there. Really following the cues of the u. S. Markets this morning. Our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. House Speaker John Boehner expected to talk on the cliff talks 11 a. M. Eastern time. Told you this week, of course, they were talking actively, now, Sprint Nextel offering to purchase the other half of clearwire it doesnt own. Surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. And google maps has found its way back into apples operating system. Of course, we have to start off with the markets. Dows fiveday winning streak has been snapped, despite the fed announcing a new round of stimulus. Chairman ber bernanke say worries about the fiscal cliff ar
Good morning. Welcome to squawk on the street. Hope you all had a good christmas. Im melissa lee. Were live from the new york stock exchange. Jim cramer has the day off. The latest s p schiller home price report has been released. The results being shown at the bottom of your screen. David blitzer will join us with a closer look at the numbers in just a few minutes. Lets get a check on how were setting up on this day after Christmas Trading session. The dow looking higher by about 15 points. S p looking at about two points at the open. European markets closed on this day after christmas. The uk and france among those celebrating foxing day. We start off with, what else, retail. Dips in spending in the midatlantic and northeast regions. Luxury sales also weak. Were coming off the worst Christmas Eve for the dow since 2006. As the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. Threatening both coasts with workers snubbing
And americas favorite stocks, well talk about the biggest of the big names today and profile some of the sectors that have run up and the ones that still have room to grow. First check in with sue downtown at the nyse. Im looking at the markets, they are lower, but were off our lows of the day, down 70 points on the Dow Jones Industrial average. The s p is down 9. The nasdaq down 25. On a percentage basis the nasdaq is the biggest loser. Gold after a big move yesterday is down 8 on the trading session. The tenyear note the yield is 2. 48 and ice brent crude traded up just under a buck on the trading session. While the markets are falling a bit today, carl icahn is 825 million richer. Congratulations. About a year ago, he started buying up shares of netflix in the 58 a share range. Mr. Icahn bought a total of 4, 291, 000. Which led mr. Icahn to tweet yesterday, quote, sold block of netflix today. Wish to thank reed hastings, ted sa ran dose, netflix team and kevin spacey. Mr. Icahn stil