Get out of this once hot group or a buying opportunity . We ask it every time it sells off. Panera bread getting rid of more than 150 artificial ingredients in its food. Will this move force the company to raise prices . Ceo and cofounder ron shaich joins us in a first on cnbc interview. Lets take a look at the Market Action right now. Red arrows across the screen. S p down more than 1 . The dow down more than 150 points. The nasdaq down 1. 5 . Clearly stocks have broken the twoday winning streak. I want to take you to a live shot of post six on the floor of the New York Stock Exchange. Theres can kenny polcari. You have a sizable crowd developing there. Thats where salesforce trades. There was a rumor in the market for the last week or so. People speculated on names like microsoft, oracle and ibm. Jim cramer said at the time this was all going down its got to be microsoft, its got to be microsoft. If it was oracle it wouldnt be a good fit. Culturally there was a difference between tho
Back after the tenyear hit a sixmonth high earlier in the session. We talk to pimco chief officer scott mather in just a few minutes. And treasury yields across the pond as well have had a huge gain. Also that picasso painting sold at auction last night, a record 179 million. Economist norle ra lle lle Nouriel Roubini will be here. He thinks some people use expensive art as a form of Money Laundering, unquote. Hes at it again. Hes dr. Doom of the art market. With an hour to go in the trading session, the dow is down about 18 points. Again, fall back into positive territory. An ounce of downward pressure only a little bit. The s p and nasdaq giving up 0. 2 right now. 4 points and 10 points respectively. That level for the nasdaq 4983. Lets talk about this in our Closing Bell Exchange for this tuesday. Chris ressler is with us rob morgan checks in from sethy financial and Kevin Guinness from Raymond James is with us so is ken moret. Kevin, youre head of fixed income there at Raymond Jame
Bernanke putting a damper on the markets this afternoon after he said the central bank does not have the tools to offset the full harm of going off the fiscal cliff. Yet, rob morgan is not concerned. He says he thinks the fiscal cliff has been overblown. Are they overblown . Lets bring him in. Rob joins me now along with brian ferhrry and rick santelli. Rob, youre not worried about the fiscal cliff. Im worried, maria. Just like chairman bernanke is. Congress and the administration have to get together, but, you know, the president s been very clear that he doesnt want necessarily higher tax rates. He wants more tax revenue. Speaker boehner said, well, geez, we can get higher tax revenue just by closing a few loopholes, restructuring mildly the tax code. So i think the fix is in. Its just why hasnt it happened. They wanted to wait until after the election, see if both sides wanted to see if their hands were strengthened. Obviously, the president has the strong hand. They sort of like ta
Today at its lows. Look at the intraday movement. Down more than 200 points this morning. Then back. Volatility, kel, we talked about it yesterday, is back and back in a big way. Thats right. The vix above 17. Thats one gauge of whats happening. Plenty of people are going to be trying to figure out whether whats happened in january stays in january or means anything for the rest of the year. How about the nasdaq . The nasdaq actually a short time ago went positive. Yes. And it was down 1. 5 . It was an ugly trading session to start things off. Overnight we had again, some movements on emerging market currencies. A lot of focus on the yen. Its the new year in china, so that concern has gone away for the time being, but at 8 00 p. M. Tonight, just a couple hours, well get more data, an update on how the worlds second biggest economy is doing. An hour to go in the month and literally anything can happen in that time. Joining us diane garnic steve east chris burtleson, rob morgan from fulc
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