And likely to go even lower now that opec has decided to keep production at current levels. And thats sent prices down again today. Walmart is basically a lot of the reason why we are still under the range of 50 to 60 points. The dow transportation index,ic look at broadly. As long as you are not trying to move crude oil. A lot to talk about. Hope you can join us here for the next couple of hours as we gauge this important day for the retail world. And we also follow the markets. We stand to close higher today. For the dow and s p right now it will be record highs for the year. Its also been a very good november by the way for these markets. It is amazing to think just at the speed and breadth of the rallying since october 15th. We have to look at the impact oil is having. European yields again hitting new lows overnight. And lets talk to some of these savvy shoppers. Did you get these at the door busters this morning . What time did you get to the mall. 7 00. Very early this morning.
1 00 p. M. , the bond market i believe at 2 00 p. M. We are poised at what would seem a higher open. Were not going to get a lot of hours of trading in. As in for the 10year note yield, lets take a look and see where we are. There it is. 27. 66. And well go to the map in europe where i can never figure out the geography. You know the boot is italy. I know the boot is italy and i can pick up russia. Our road map here back in the United States starts with what else, retail. Millions of shoppers, yes, millions hitting the stores for black friday. Well go live to say how sales are going. Brian . The markets are open today for an abbreviated trading session and we are poised to open at record highs again, which will be about the 40th time this year. I guess you guys could say that here on squawk on the street. The nasdaq finishing wednesdays session at a 13year high, kayla. And thin trading today on a shortened trading day. And also bitcoin keeps on surging, topping 1,200 earlier today, doe
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
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
If this doesnt wreak of romance, i just do not know what does. A valentines day tour of new york citys biggest Sewage Treatment plant. This is not a joke. The city says tickets for threehour tours are nearly sold out and highlights include the giant eggshaped receptacles. Thanks for watching street signs. History always repeats itself. Closing bell is next. Hi, everybody. Good afternoon. Welcome to the closing bell. Im Maria Bartiromo here at the new york stock exchange. Stocks mixed at this hour. The dow struggling to stay above the 14,000 level and the nasdaq modestly higher. Just a reversal. Im bill griffith. Well see if the dow can rally back. Were at the lows of the day right now but also following these stories on todays ram. The ceo of dow component cisco will be with us. John chambers will join us moments after the Company Reports earnings. Will the results move us closer or further away from a new high . Plus a lot more to get into with the always outspoken John Chambers. Hes