That remains a mystery. But it is a mystery that a massive amount of resources are now trying to solve. We will have a live report and tell you what the next steps will be in that investigation. Meanwhile, after a terrible day for equities yesterday, we have seen stabilization today. This morning the action looked pretty negative. You have a lot of people concerned. It might be three days in a row. We have gone out and looked week. We turned positive within the last hour bill. But the dow currently as you can see there, is down about 30 points. The saudi bombing in yemen overnight pushed oil prices sharply higher. They just spiked. Pushed u. S. Crude above 50 dollars a barrel. I think it got to 52. And pulled back. When it got that high thats when other markets started to respond. Overseas markets were down as a result. But that has moderated a little bit as are our markets. Well get to that coming up in a little bit. With an hour to go yesterday we saw a bunch of selling pressure mate
Change. Its been nearly a month since the index ended in unchartered territory. We have much more on the nasdaq and the feds rate hike strategy and the market. Including which stocks are set to heat up this summer. It officially begins this weekend. But the real feature today is what . The dollar. Whats going on with the dollar . The first up week for the u. S. Dallas against the euro in five. Thats the real story. Well get you your own show on cnbc calling it the dollar and you. Dont tease me bill. The dollar actually making a move. Its up 1 after janet yellen. Its one of the places where you have seen the biggest reaction. A move. Lets talk about it. Back with us kathy jones from charles schwab. Whos with us here at the big board, Gerard Fitzpatrick from russell investments, ken mahoney, also with us here at the New York Stock Exchange Rick Santelli checking in. When you look at how the market responded, you didnt get a whole lot out of this did you . I think she just reiterated what
It doesnt make it over. Box Office Records also could be in danger when disneys new avengers movie is released. If youre looking for a potential blockbuster alternative investment, boy do we have one for you. How you can invest in films and get your name in the credits as well. In the markets right now, were sniffing again, 3 00 were on. All right. We were at 2,119 on the s p, just a little while ago. Down to 2,117. We need to get over there for a new historic high. Nasdaq in record territory but below where we were just a short while ago. Kelly. Lets get right to it with our closing bell exchange. Brad mcmillan joins from us commonwealth financial network, doug gordon from russell investments, peter costa from empire executions and our very own rick santelli. Lindsay, let me start with you. How bad is the First Quarter gdp number going to be . And whats going on with the Second Quarter . Are we getting much of a rebound here . As we saw in this mornings number, it was up 4 . Not norma
For that rate hike. She sees moderate growth this year and beyond. The economic head winds out there that include housing and budget spending have been waning. On the labor markets, its approaching full strength. First time i believe they said that with the Unemployment Rate to fall by year end. It is close to the long run level although she does point out that it will be not fully healed along with a slack such as people working parttime. She said inflation will rise as the economy strengthened and importantly as temporary factors were received which is what she expects in the forecast. A couple of things she said the european recovery is on firmer footing, but has concerns about global on the u. S. Economy. An important economic point that we can talk more about another time but said recent productivity is disappointing and thats something they watch at the Federal Reserve. Back to you. Thank you very much. Along with mandy drury, welcome to power lunch. More breaking news with david
Session. And the s p 500 down 6. 70 points at 1409. December a historically good month for the markets. The s p has risen 8 of the past 1 years in the final month of yeert. With fears of the looming fiscal cliff, can the trend continue . Were bringing in mike from Yahoo Finance and cnbc and yahoo have a Business Alliance to share and coproduce editorial content and gordon along with bob pisani. Gordon will be along momentarily. Michael, let me start with you. You say this markets preoccupation with the fiscal cliff is overdone. Do you think we go back to the trend and that is that december is a good month on the upside for stocks . Definitely one of the tail winds. All else being equal, probably definitely a strong point for the market. I think this market is laboring to look through the interim noise. You had decent pmi numbers, with the ism disappointing and i think the market is trying to assimilate all this. One thing i take encouragement from, things like junk bonds, small caps ha