Coauthor of the case shiller index. Lets get right to the heart of the action as we continue to survey the field here and again this is a a historic storm. It is historic for many reasons. Particularly the damage its done. Lets go to jeff flock. Hes in Point Pleasant beach new jersey new jersey. Im wondering if the homeowners are coming back to their houses now and trying to assess the damage. Jeff just talked to a couple of people. People have been waiting in and out. Theres a guy down there in boots. Some people have waded through in bare feet, believe it or not. I talked to one guy who came in in a boat, rode in a boat and surveyed his house, rode back out. Theres no other way to get in. They have cut off access. In fact we cant get out. Jimmy, spin around and show them our truck, if you would. Those are our trucks that we use to transmit our signal if jimmy plans more to the left, you see the sand in the road. Look at that sand. Number of folks have gotten stuck in there. We cant g
Without the president s signature. Signature. Can you explain what this is to our viewers . Spee02 i understand the president s position and i certainly had no problems with what hes doing. The iran sanctions act was passed by congress which gave the president. Youre watching on our youtube or joining us our friends from cspan two, welcome and and happy bill of rights day. Since president Franklin Roosevelt claimed it on december fifteenth, 1941, the day has served as a reminder that we should not take for granted the rights protected in this document. Our partner for tonights program on the bill of rights and the 21st century is a constitutional sources project and we thank them for their support. Before we begin tonights discussion like to tell you about two programs coming up next month. On tuesday, january 17 at noon journalist and author brett will talk about his new book, three days in january and white eisenhowers final mission which is about eisenhowers prophetic farewell addre
Alcoa is up right now. And it is 4 00 on wall street. Do you know where your money is. Hi, everybody. Welcome back to the closing bell. Im Maria Bartiromo on the floor of the new york stock exchange. The market closing lower for a second day in a row today as we kick off the Fourth Quarter earnings reporting season. Take a look at how were settling out on the street today. The Dow Jones Industrial average off the lows of the average with a decline on the session of 55. 75 , about onehalf of 1 . Volume not great. 562 million shares at the big board. S p 500 down five point, a third of a point at 1457 and the nasdaq composite gives up some ground to the tune of seven points. All the major averages ending off the worst levels of the afternoon. Market closing lower for a second day as earnings kicks into high gear. Alcoa reporting moments from now. Well have the moments on alcoa and tell you what that may mean for the rest of the earnings season. Mark newton is with me, a gray wolf executi
Off with the fiscal cliff. The president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. Costco joins the dividend parting initiating a 7 a share payout on top of the regular dividend. And a shakeup at groupon. The board may be considering cofounder being released. Theres powerball fever. 500 million big ones in the pot. How would you spend the money and how does the fiscal cliff factor in . Well talk strategy with a former Lottery Winner. We begin with the fiscal cliff. This afternoon president obama is scheduled to meet with several Business Leaders including ceos of home depot, macys, caterpillar and at t but futures are falling with signs there are troubles with negotiations on capitol hill. A market credible deal to solve the cliff is key to economic growth. That annual growth idea, that prospect is real in my view if we actually did get a market credible 4 trillion plan. The markets would realize tho
Welcome back, everybody. Lets get wack to our guest host, howard ward. Howard, this is a big day for you, not only because youre a squawk guest host, but because youre a grandfather for the first time. Congratulations. Did you sleep last night . Yeah, about 1 00 a. M. In the morning. Mother and father are doing well. Grandparents are doing well. Grandson, too. Grandson, foo, most important. Not named yet . Yeah, he snuck in there a little bit of ahead of schedule, so the parents are working on the name. Again, though, your thoughts on the market, you like constructive. No need to chase it here. The fire sale is over. There are still a few names that are on sale. Dont go against the grain. Apple is going to earn more money this year than any other company in america. Thank you. Congratulations again. Join us tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Were live at the new york stock exchange. The morning after the dows record