Good morning. The dow posting another record close but just barely. The s p suffers its first losing session of the month. A deluge of Economic Data and well get import prices and business inventories. Its wednesday, march 13th, 2013. Squawk box begins right now. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with Andrew Ross Sorkin. Joe kernen is enjoying time off. Were joined by Halftime Report scott wapner. Welcome back, mr. Big. Lets start with markets. If you are a fan of numbers, today is your lucky day. We have all kinds of statistics to share on the recent rally as andrew mentioned the dow eked out a gain in the final minutes of trading yesterday. That means the dow has now closed at a record high for a sixth straight day. Blue chips index now up eight Straight Days. That has only happened eight times in the last 12 years. Every one of those times in the last 12 years the streak was broken after eight days. The dow will seek the nineday winnin
Ended in both places with definitive outcomes. On wall street, that outcome was another record high close for the dow, and we begin there tonight. Now, the dows win streak continues. Nine in a row. The blue chip index hasnt done that in 16 years. In fact it hasnt had a down day this month. Today the dow added 5 points, ending at 14,455, its seventh Straight Record closing high. The nasdaq was up nearly 3 points and the s p 500 inched 2 points higher. That leaves it less than 11 points from its alltime closing high. Now, the markets got an early boost from strong retail sales last month, which rose 1. 1 , nearly double what economists had expected. Thats the biggest spending gain in five months. But as Courtney Reagan tells us, those top line numbers can be deceiving. The governments headline retail sales number came in nearly double what economists expected for february. The details reveal a less than rosy picture when it comes to Discretionary Spending. I think the consumer is still i
Its gas prices, the payroll taxes, or whether disruptions. Lorwer income americans seem to be the most fragile, on tuesday Charles Holly said taxes are his shoppers number two concern, adding its the first time in a long time taxes were a top concern at all. Itg Investment Research chief economist steve blitz says this retail sales report illustrates two separate consumer groups. With higher income americans spending on autos and Building Supplies while lower income americans continue to be adversely impacted by higher payroll taxes, rising gas prices and delayed tax refund checks, a sentiment echoed by the National Retail federation. For nightly Business Report, im courtney reagan. As courtney just mentioned, consumers are spending on housing and garden supplies. Coming up, well take you behind the scenes of the home depot product walk. Its where Companies Showcase their hottest home items for this spring. Chief executives of some of americas Biggest Companies are optimistic about the
This quaint look, orange jumpsuit, orange hair. Every channel was there and it was an hour of nothing happening. He did not say anything. So when you think about why do we do that, i know why we do it, because people tune in. So they are giving people what they want to see. But i think thats the worst part of it. As far as encouraging others to kill, there is an element, but it is a small one. The bigger part of the problem is the offensiveness, the negativity of that. You have, for example, an Academy Awardwinning actress for playing a florida serial killer. Or years before, mark harmon who at that time was the leading man of hollywood and he played bundy. What right do murderers have to have some famous actor or actress play them in the movie. I do not mind of movies about crimes as long as the killer is like a very small part of it and you dont have a star play the role. Goahead. My question is along the same lines. He said not to make those who are committing mass shootings, can yo