Afternoon. The fbi secretly arrested an nsa kr contractor for stealing contract materials. He worked just like Edward Snowden. Another black eye for the firm and shares are moving slightly lower. We have details on what was allegedly stolen and the potential fallout here coming up. Meantime, salesforce. Com is reportedly getting more serious about this bid for twitter. Shares of both stocks moving in opposite directions, although there has been a comeback of sorts for twitter. Jim will get more on this. A possible bid for twitter by it sales force. The weaponization of finance. Thats when countries like the u. S. Use the power of banks to impose its will on other countries. Ian bremmer will explain the risks of this strategy. Its a lot to think about. Hes calling it after the gzero. Youve got the imf meetings tomorrow. This will help get us in the mood for global conversations. Lets start with western crude at 50 a barrel. Plus this discovery, more oil off the coast of alaska. Jackie d
Premarket. The company forming a special committee to review allegations about its business relationships. Analysts call going on now. Mixed review for yahoo first ever live stream of an nfl game. And trump speaking out in a town hall today on the today show. First up, the dow, s p, nasdaq each aiming for a fifth consecutive week of games. The s p up more than 8 this month, vaulting back into positive territory for the year. As we said, a busy week ahead. A lot of earnings including results from apple, pfizer, merck, exxon, dupont, starbucks, twitter. The twoday fed meeting, on wednesday, right here on cnbc, the republican president ial debate. Coverage at 5 00 p. M. Eastern time. As far as stocks go, jim, october remains the best month since 2011 for all the major indices. We have seen an incredible rotation out of health care, out of retail after the vf corp numbers last week. Into industrials. Into technology. The financials have held up fairly well. Not great. Not bad. Insurers hav
Welcome back to squawk box here on cnbc first in business worldwide. Im Andrew Ross Sorkin with joe kernen. Becky enjoying the day off. And for viewers outside of the United States, happy boxing day. It comes from a tradition where boxes were given to people and the box would include a gift or two and perhaps some leftovers from the tables of the wealthy. I used to think it was boxing day. I didnt know. I learned this about a decade ago, but every year we get emails from people saying thank you for explaining that. We didnt know. Its said some of the boxes include gifts. Do some of the boxes people just give boxes . I think sometimes it was leftover food. Food or but not just boxes, right . I have to tell you, my children jumped into an empty box yesterday. Thought it was a rocketship and thought that was the greatest gift they could have gotten. Remember in splash he gives Darryl Hannah a box and she goes its beautiful. No, open it. Because you dont know for sure if its wrapped nice.
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The s p is back above 1800. The s p is about 1. 3 away from its alltime highs. The closing high was 1848. We have another day like today and were back. A lot of people are going to be saying what happens to my correction . Exactly. We have jim grant coming up. Hell be joining us exclusively. Hes a closely watched fed follower. No fan of ben bernanke. What does he think of janet yellen and what she said and the Market Action which he described as completely manipulated by what the fed is doing in the first place. He will be here in just a bit. Always look forward to jim grants comments. In the markets right now it has been off to the races pretty much all day and its one of those days where you havent seen much loss of momentum as the day builds. The dow up at about the high of the day. Were just off the high of the session up 211, or 1. 3 . This would be the fourth consecutive up day for the dow. First time we have seen that this new year. Nasdaq up 1. 1 , 46point gain at 4194 and as w