Less normally. Lets start there, jim, in terms of the market overall. I have a lot of insight this morning to share on the credit markets where i tend to be focused of late. Like to come to you. When you see a rally, the likes of which we may at the open this morning, what are you thinking what i think about when i see this, the market got oversold, people last night went home thinking theres no possibility of any sort of deal. Without a deal all you have is the fed making sure theres liquidity but nothing in the hands of the people. If you dont get money in the hands of people, people will look at the landscape and say its really just falling apart something has to get done. Now theres an expectation that something will get done. If we dont get something done today with the senate, youll give up this whole rally youre banking on the politics getting together for something, otherwise this rally will be comical and you will wish you never bought in. Well be able to offer hopefully peopl
Stock so what was the stock . First, we start off with the after hours lug bath in technology. Alphabet and microsoft. Those stocks are tanking and looks similar to the bad news we saw out of net flex and intel. Tech telling us the real story here in the markets as we do see the queues down . The real story in the market is resilience of the Broader Market in the things weve seen now and over the last six months. Its telling a story that we would be talking about to a large extent but i dont know if that means the Broader Market will get crushed on the back. Yes, queues are probably down. Well see weakness tomorrow. The resilience of the Broader Market trumped everything well talk about in the next hour. Until tonight. I mean until tonight, right. For me, i like the goal of alphabet. Been a long time the move down is not dispreportion for the miss and headline number and call and more story, could be up and down but so far disappointing for sure. Well see tomorrow facebook will be down
Coming under pressure amid questions about the feds commitment to keeping borrowing costs low and the spigot open. Economic tests, key reads on jobs, inflation and housing and on the corporate front, really Important Quarterly results from dow component walmart. Its thursday, february 21st, 2013 and squawk box begins right now. Morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Stocks selling off late yesterday after the release of the fomc minutes. The s p and the nasdaq turned in their worst sess sessions of 2013 on the heaviest Trading Volume of the year. Not good news. The pain is not over yet. If you take a look right now, dow futures are down by about 61 points. S p futures off by about 7 1 2 points below fair value. Were going to talk much more about the fed with central bank watcher greg iff. Thats 7 00 eastern time. Walmart is likely to be a big driver of the market conversation today. Courtney reagan will be jo
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