Take your pick, mr. President. Thank you four a great two hours. Squawk on the street begins right now. Congratulations to the alabama crimson tide, winners of the bcs College Football championship for a second straight year. A third time in the last four years. What a run. It good morning, welcome to squawk on the street. Im melissa lee, live from the new york Stock Exchange. Lets see how were setting up on this tuesday morning. The futures look like were tulg back here. T take a look at the picture. Interesting Economic Data points out over there. Eurozone hitting a record high. But a measure of consumer and Business Sentiment actually rose for the second straight month in the month of december. A road map this morning starts in china, where young brand said samestore sales are set to disappoint. Is this a sign that a reacceleration of a timeless economy may not materialize after all. The ceo of sears is stepping down citing Family Health matters. Does the fund manager have enough Re
Another profit warning. Details of emerging of a capital shortfall in its irish business. Which is poised to exit its Bailout Program . Is it cause for cheers or concern . The Prime Minister tells cnbc the time is right. Its a great sense of achi e achievement attached what we set out to do almost three years ago now. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello. Welcome to the last Worldwide Exchange of the week. What a week its been. Plenty more, though, to come in the final two hours of the good stuff today. On todays show, an uncle of the north Korean Leader has been executed after being branded worse than a dog in the state media report. Well get the latest from seoul. And will gold finish the year having suffered its biggest slump since 19811. Well take a look at whats taken the shine of the precious metal this year and whether its time for investors to come back or not. Disneys animated film frozen has kicked the hunger gam
We are becoming a new american. With multiple lacerations to the wing and a fractured beak. Surgery was successful, but he will be in a cast until it is fully healed, possibly several months. So, if the duck isnt able to work, how will he pay for his Living Expenses . Aflac. Like his rent and car payments . Aflac. What about gas and groceries . Aflac. Cell phone . Aflac, but i doubt hell be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a getwell card at getwellduck. Com. Im jim cramer, and welcome to my world. You need to get in the game firms are going to go out of business, and hes nuts theyre nuts they know nothing i always like to say theres a bull market somewhere mad money, you cant afford to miss it. Hey, im cramer. Welcome to mad money, welcome to cramerica. Other people want to make friends, im trying to save you a little money. My job is not just to entertain you but to make you a little money. So call me.
Again. Oh, geez all right. Just a second. All right. All right. I know this isnt the best way to start a game plan. But then again, it isnt everything where the dow plummets 318 points and the s p 500 plunges and the nasdaq nosedives. What can i say about what went on today . How about it pretty much unfolded where we told you it might yesterday. As the forces of panic wont up through that quickly on the bulls necks. Once again the pain was not created in this country. In fact, the Major American Companies that reported in the last 24 hours, they all were remarkable earnings. Honeywell, proctor gamble, starbucks, microsoft, bristolmyers squib. As i report over the Conference Calls of these companies this morning, was struck by two things. First of all, all these companies not only did better than expected, they all guided higher which as i tell you get rich carefully is what will produce the biggest gains over the long term. And second, those fabulous numbers, they hardly mattered at a
Threeday losing streak in nearly four months. That index is down nearly 2 in the last three sessions, closing yesterday at 1775. The s p 500 is up about 27 yeartodate. We are going to talk more about the fed markets. Thats coming up at 8 30 eastern time. The Producer Price index for november will be released at 8 30 a. M. Eastern time. Congress are expecting a reading that shows an unchanged reading. Right now, take a look at the futures. At this point, dow futures are indicated up higher, up about 47 points. S p futures up by 7 points. Right now, lets get over to andrew with more of todays top corporate stories. Andrew. Weve got a lot of news for you, the first one being that directv is now exploring the idea of an online video service. The Company Plans to target what they call price sensitive young people. Other commerce have dropped their pay tv service. Directv and the nfl have agreed to a framework to renew the popular sunday ticket pass. Also, cocacola saying its going to split