Crude that was the story yesterday. Look at that. You were just at 50. We were just pushing 50. You saw the latest caseshiller home prices, they were just released at the bottom of the screen. San francisco, denver, portland have the biggest home price gains. Lets get to our road map this morning. Earnings, earnings, earnings. Alibaba higher in premarket after profits and revenue beat expectations. Yahoo goes up when alibaba goes up. Mixed results in from dupont, ford and u. P. S. The cfos of u. P. S. Will be up later in the show to give us more insight. Pfizer, merck, bristolmyers all beating consensus and boosting fullyear guidance. Take a closer look at pfizer. Those were particularly good numbers. Lets start off with alibaba, up sharply in premarket. Posting better than Third Quarter results. Revenue up 32 . Strong growth across the board, particularly in mobile. Yahoo owns stake in alibaba, it will be putting that in a separate company, hence it goes up, almost as much as alibaba
Ipo for jimmy chu trading marmally higher in london after pricing itself at the lower end of its range. Google misses the mark with earnings as advertising revenue slows. Shares are sent lower in frankfurt. Apples latest iphone goes on sale in china. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Its been a turn ewe leapt week in equity markets, but it looks like were going to end on a positive note. I dont want to tempt fate but nonetheless, for now, 1. 4 on the stoxx 600. Lets look at the individual markets. As you can see, its a bounceback across the board. With the more volume title markets doing better, up 3. 6 than the bigger cap markets like germany, up 1. 5 and the ftse 100 up 1 . And i describe it as a tempered bounceback, certainly not the extent to which weve seen declines of volatility in the week. Nonetheless, in the green on friday, hopefully ending the week on a positive note. Wednesday was the extraordinary day for the u.
Guess whos here. Thats jim cantore. This is jim cantore, mr. Weather man himself. Hes got the whole thing, thank you. You did very well. Thank you very much. So did you. He told me it was going to be very hard to make snow balls in this weather, right . I did. Andrew too dry. Andrew, we cant wait to see you back here. Have a safe trip back. That does it for us. Squawk on the street starts right now. Appreciate it. Good friday morning. Welcome to squawk on the street. Im melissa lee, with jim cramer and Carl Quintanilla and david faber. How are we poised to start the friday morning session. Right at the open, the s p 500 looking to add to fiveyear highs at this point. Looking at about six points. As for europe, gdp figures in the uk nearing a tripledip recession. Capping off a big week for the nikkei, up almost 3 for the week. Our road map this morning, dow taking aim at a new record high on track for the best january since 1997. The s p also poised for its longest winning streak since
Dust bin. Sue . Thats right. Thats coming up in a few minutes. But as you mentioned the president is meeting silicon valleys top tech titans. Ceos from google and apple and facebook among them. The president as you mentioned wants to talk about improving the Health Care Website but these ceos are focused more on the governments spying program. Amman javers is following the still developing story for us from washington. We have something a little interesting going on right now. The ceo meeting with the president in the roosevelt room here at the white house started at about 10 45 eastern time here in washington and it is still going on at this hour. We got cameras into the meeting to see some of the opening moments of that meeting and the president reportedly joking with the ceo of netflix about whether or not he brought copies of the new season of house of cards before they got down to the Serious Business of this conversation today. But they are still in there over two hours in this m
Down to about 17 change. People were really upset. You can see, the volume improving greatly as mobil ad revenue is good news. Adam all right. Coming up later we will dig into the facebook earnings with michael factor from wedbush securities. Lori a preview. Can be crash made by their competitor is crushing them. We will set you up for that as well. In the meantime, Worldwide Energy consumption is set to surge according to a new report from the apartment of energy. Global energy use will grow 56 compared with 2010 levels because of transportation and electricity demands. Half of that growth will come from china and india. The bullish report doing very little to spur prices in trading today. Of course that is a forward looking report weigh on the future. Lets check in with fox business contributor to phil flynn in the pits of the cme. It is interesting here to know, consumption of natural gas is expected to grow faster than oil or coal. And that is the most amazing thing about this repo