Going to be doing something you liked and that eased the pain for me of you being here. Youre such a kind soul. Nothing is going to rain on my parade. Its a friday. Its a jobs friday and its his birthday birthday. Thats right. And hes going to be with us. Hes not going to be in studio. I wish he was. We would need a lot of candles. But 89 baby. Youre going to sing to him. Happy birthday mr. Chairman. You might need to do that right . Only you can do that. He said some stuff recently. Have you been reading the stuff he said . I read some last night. Worst demand since the depression. Euro no way it lasts. When you do get older you start saying things you really dont care quite as much about the repercussions. You speak the truth. You do. Whose read is this anyway . Its mine. Well what are you doing. It is jobs friday as you mentioned but its also allen greenspans birthday and national day of unplugging. Its time to put down your smartphone, your tablet your computer and all other electr
A triple digit loss yesterday. Digit loss yesterday but all over the place, wild swings based on what washington wasnt was not getting done and now is getting done. Connell or may get done. Tonight but now in a rally. Nicole petallides at Stock Exchange talking about what . Nicole talking about washington, john boehner, lawmakers getting closer, you start to see the markets take off in a positive way. The sectors have up arrows whether it is drugs or banks or technology, nasdaq composite up 1 , the dow up 3 so you are seeing a great run end news across the board. Bold is pulling back and the vix, the fear index is to the downside, nodding of nervousness. Shares of bank of america reporting Third Quarter profit. Better loan quality, up 120 of 13. 60. Connell the clock is ticking and news is breaking in washington. We heard from a senate aide in the last few minutes that a deal on the senate side is finalized. The Nick Peter Barnes has the latest on what happens in the house as well. Pet
Why it is taking down the markets and white finding an answer, it always seems to come down to the last minute. The storm hitting the midwest and it is now hitting the northeast. Oh canada, out of work americans are heading north to find jobs. Top of the hour. Time now for stocks. Nicole petallides on the floor of the new york stock exchange. Nicole we are down about 72 points. The vix, the fear index, has an up arrow today. Commodities are pulling back a little bit. I want to take a look at a name that is on the move. It is deckers. You may not necessarily know that you know what it is all about. You know uggs. It turns out they are quite popular. While that chatter has been around, they will give decker a pop. Could merge with timberland. We will be back at you in 15 minutes. For the first time in nearly 40 years, between christmas and new years, it comes as lawmakers continue to scramble to get a fiscal cliff deal done. Rich edson has the latest. Rich they are considering legislatio
Can you imagine if we failed that many banks. When we think about the stress test they were an important milestone for our Capital Markets coming back to life. Belittled by most commentators, 1930slike structure by tim geithner. Probably one of the better treasury secretaries. Key moment. For ecb stress test, well get to that and the markets. Of course, oil falling below 80. Again, Goldman Sachs with a view 75 bucks next year. For our road map, it does start with the markets shaping up for what could be another volatile week april slew of big earnings coming in. As i said Oil Price Forecast slashed. Valeant tells allergan its prepared to raise its offer to 200 a share. More details ahead of allergans ceo appearing on mad money. Two of the largest drugstore chains disable apple pay. Good luck. Why, what it could mean for applesests as well. Stocks losing a fourweek streak. Jumping 4 for its best week since january 2013, that was last week, of course, this morning we have merck kicking o
Volatile day. The s p 500 currently sits down 1. 75 . Nasdaq touching correction territory earli earlier before bouncing a bit. S p 500 is not quite there yet. But were on that watch over the next 60 minutes as well. A couple other gauges to watch, the vix jumping to 31 even. We have the ten year which this morning that was the big headline. The key benchmark u. S. Interest rate falling below 2 for the First Time Since 2013. Oil falling briefly or flirting with 80 level before closing at 81. And gas prices are in free fall. The key question snou whether all of this will ultimately be supportive for the u. S. Consumer or signals more trouble ahead . The biggest outperformer, the vix. Ripping to day. The socalled fear gauge on wall street gives you an idea of where the sentiment is within this market. Its up 20 . That is quite a move. And thats not even at the highest levels of the day. The vix got above 30, a place it hasnt been in an awful long time. All of that helps to tell the story