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
Back toward its longer run objective, the committee will likely reduce the peace of asset purchases in further measured steps at future meetings. There isnt a big move to the markets this morning, but after those gains, youll take a look at u. S. Equity futures this morning and see green arrows once again. Dow futures up by about 16 points. S p futures up by just over 1 points and the nasdaq futures up by about 3 points. More on the markets still to come. But first, the south is in the middle of snow and ice once again. The weather channels alex wallace has the forecast for this mega storm that will be at our front door this time tomorrow morning. Alex. Weve got wide reaching impacts. Right now, weve got the cold air rushing into northern sections of georgia, the carolina and the moisture all meeting up. Thats not a happy marriage for us. Were seeing the reports for us here across north georgia into the carolinas. Freezing rain out there. Weve got several more hours to go of this. This
Yet this morning but well see. That can change as you well know. Tenyear note yield, where are we . Yes, we are moving up yet again after yellens testimony yesterday, of course, going on for much of the day. In front of the House Financial Services committee. Europe did well. Europe so far looking pretty good as you can see there, of course, weve got the china trade numbers, bank of england also, by the way, raising its uk growth forecast. China certainly helping on the trade front, those numbers when they came out helped turn europe or continue a rally there. Right. Lets get to our roadmap this morning as well, of course, well be talking about markets. Starting off from their highest levels in more than two weeks the dow and the s p looking to extend the strongest fourday run since june of 2012 and december of 2011 respectively. Deere shares are higher in premarket. The company reporting earnings and revenues that beat expectations also citing what it says was effective cost cutting.
The next big thing is you will have to stay tuned for that governor. Cisco reporting earnings about an hour from now. The tech bellwether rattling markets late last year with a weak financial outlook. Should investors brace for more bad news or with expectations this low, will cisco surprise us to the upside . Well get you the information first and well have a full analysis as those numbers hit as well. That will probably set the tone for tomorrow, but theres also something thats going to set the tone for tomorrow. A major Storm Brewing in the south, and not even talking about the weather. This one is all about a key vote to unionize a tennessee auto plant, something that has not happened in the south ever. The president of the united autoworkers will be joining us on the closing bell exclusively to talk about whats on the line in that story. Very important coming up here. And here is where we stand in markets as we head into the final hour of trade. The dow is giving up about 50 point
Nasty up the eastern seaboard through boston, physical, new york and soon head sfwhungd new add weg. Its not over. The forecast is 30 seconds away. The airlines are affected, not in a good way. Thousands of flights cancelled and delayed today. Weve got extensive coverage on how much damage this bad stretch of weather is doing to the economy. We call it frozenomics. And a media mega deal involving cnbcs Parent Company comcast. Its going to buy Time Warner Cable. Number one, number two, put them together. You got a big cable company. Shares of comcast right now, down about 4 1 3 . Time warner moving the other way, up better than 6 at 1 144. 20. And sue in the house. Messy getting in. Im here. Start with the weather. At one point snowing so hard the plows couldnt keep up. Its very unsafe today along large parts of the east coast and the storm isnt over yet. So heres the weather channels tom niziol. Winter storm packs one of the biggest winter storms for the u. S. So far this season. Over