Japan, marginally lower, korea marginally higher. Overall trading, youll see right now looks like things are looking up across the board. Dax and cac up by 1 . Take a look at the price of crude oil. Last week, crude oil was down by 2. 50. This morning, around 36. 76. Andrew. Weve got a cub ouple of bi news stories. Alaska air officially going to buy virgin and they beat out jetblue. Well talk more about this transaction throughout the rest of the show. Its a big price war. Its a loss for jetblue. Questions about the brand which well get to. Whether alaska air whether it works if you will with virgin. Also, questions about alaska air, people thought alaska air was a takeover target by delta. Does this make them more likely to get bought out or less. Nonetheless, well talk about those issues. Its a 57 a share deal. In the meantime, things keep getting worse for bill ackman. The billionaire investor, Pershing Square lost 7 last month. And continuing to tumble after cutting its financial f
You can see . Morning the nasdaq is indicated higher by about 22 points. Nearing correction territory. Wti trading up about 3 . A pop of 1. 34 to 45. 12. Among the reasons for the surge in prices escalated fighting in libya thats disrupted production there. Some canadian pipelines shut down as the precaution after a wild fire shut down the oil city of forth mcmurray in canada. Weekly jobless claims forecast. James bullard is in Southern California today to speak about the economy and monetary policy. And alibaba and merck reporting results before the opening bell and also news corp, square and gopro after the close. And dont miss an exclusive interview with John Williams. That happens this afternoon at 1 40 p. M. On power lunch. Bullard an here a lot. He comes here a lot. If he wants to Say Something. He could some here and thats it. So many approximate of them the time that the if they really want to Say Something to us. Come here and do it. Else were not going to cover it. Fitbit Fir
Just why was that malaysia air flight flying over such a dangerous area and what has been the policy of all airlines that fly internationally with so many hotspots across the globe . We have phil lebeau standing by. Hes been looking into that. And for anyone who travels, you may be surprised about where airlines have been willing to go, at least until yesterdays tragedy. Then back in corporate america, two developing stories. Time warner trading above rupert Murdo Murdochs 85 offer, which was rejected. So, what does that say about what wall street thinks is going to happen next . Somebody thinks were going to get a deal. Yep, for sure. But at a higher price. Also, fedex higher today, despite being indicted by the u. S. Government, accused of being a drug mule for illegal pharmacies, saying fedex is knowingly shipping drugs to dealers and addicts. Well look at the governments case. All right, lets get you caught up on the markets. Weve essentially, as michelle was highlighting, done a r
Now the tech giant is dropping the nokia brand title months after it completed that transaction in its hand set business. So there goes the beginning of the end of nokia. Separately, ford will begin production of its resigned f150 today. The vehicle now has an aluminum body and the f150 has been the nations best selling vehicle for 32 straight years. Well see whether they can keep that up. Fill lebeau will join us with mark field at 7 30 eastern time to talk about it. And june per networks ceo is out. He quit following a board review of its conduct and negotiation of a customer. The network gearmaker says they wont impact the companys finances. Shares of juneiper up 13 in the last month. You havent looked into that . What are they talking about i cannot give you can explicit details. I have done a little bit of work, but i dont have enough. Is it explicit . Theres things that were said to this customer, but i dont know enough but its not explicit . I dont believe so. Okay. Why the nice
Yearend edition of the closing bell. We are finishing the sixth year in a row of gains for the dow. By my math of the last six years, this year will only come in number five. It will rank the fifth best performance. The only one that was number six is 2011. The others outperformed what we did this year with the gain on the dow thereabouts. Here we are. The dow down 82 though. Just off the lows aft session. S p down 13 and the nasdaq is down half a percent today down 25 points. Lets wrap up what we saw today in the markets and in 2014 overall with the closing bell exchange. Keith fitzgerald and david sourbee. Everyone happy new year to you. Absolutely. Thank you for joining us. Monica hindsight is always 20 20 but if we have rewound to january of this year people were saying okay the markets going to cool down for equities. We are going to see yields start to rise. 10year around 3 where we started and oil stable and almost none of that proved to be the consensus by now. What say you ent