A half a billion dollars of very special art up for grabs tonight at christies. This is one of the pieces on the block. It is warhols black and white classic cocacola bottle. Well take you inside the world of the auction. First to sue at the nyse. Hi, ty. Good to see you. We have big names in the Airline Sector thats moving the transports as well which are up about 30 points on the day. Heres dom with the details. Hey. Thanks, sue. Were finally going to see a merger between amr and u. S. Airways going to create the biggest airline. The two carriers said they reached an agreement with the Justice Department as well as state attorneys general to allow a deal to happen. U. S. Airways stock turned negative after being halted on this news. As part of the accord american and u. S. Air will give up Key Facilities and capacity at seven airports in order to facilitate more industrywide competition. The gates and slots will go to lowcost carriers in seven key airports including boston logan, chi
Between the u. S. And iran fail over nuclear weapons. Overall, a busy week over earnings and yellens confirmation hearings later in the week. The markets potentially taking a breather after the dow hit a new high friday, both it and the s p closed down a fifth consecutive week of gains. Volatile after Irans Nuclear program stumbled. Amazon strikes deal with the u. S. Postal service to deliver some packages on sunday, while the chinese rival ali baba wraps up 3 billion in one day. Transocean has a proxy battle. Well talk about that. We begin with the dow coming off another record high t. Blue chips up 4. 5 , marking five consecutive weengs of gains. Following one of the papers today, the front of the journal arguing the Retail Investor is somehow back. Stocks regain broad appeal, mom and pop, are they finding the markets again . My favorite subhead on that is, if you go on the web, you will see, its bad. I love it. It says, they used cause for concern in the newspaper version, but in th
Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. The shows going well already. Im carl, with melissa lee, jim cramer and david faber. We have earnings season officially under way. Courtesy of alcoa, some pretty decent sentiment this morning. Well talk about that with cramer in a moment. Europe, numbers over there as well. Germany Industrial Production did miss. Green arrows across the board from london to paris to frankfurt. Our road map kicks off with earnings season. Europe is better than expected, but does this set the tone for the season with goldman predicting the s p will be in a Holding Pattern for the first quarter. Apple at the low end. The journal reporting a cheaper iphone may be in the works. Is apple simply going to where the growth is, and a sign that margins may face more pressure . Yet another setback for boeing and the 787. Canceling a domestic flight after a computer erroneously signaled a brake problem. Clearwire gets a
The 2014 senate races. Has obamacare put every democrat everywhere in danger . All those stories and much more coming up on the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We are live at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Lets get to the storm currently pounding the east coast. Steve handelsman from nbc news is out in the snow for us tonight. It doesnt get any better than that. Good evening, steve. Reporter hi, larry. Good evening. I dont think the snow is the big story. Here in washington its snowy. Its snowy all up and down the east coast. There will be a big amount of accumulation. On the back side is the cold. Heres some investment advice. Go long on parkas. Buy down futures. Its freezing out here. Here on capitol hill, the government workers were told, most of them anyway, stay home and try to work from home. That may be the case tomorrow. No decisions made. A lot of schools closed, mostly because of the snow, and
Story. After 21 hours on the senate floor, texas senator ted cruz wrapped up his brave and courageous obama care filibuster today. That said, the debate and the political standoffs are far from over. The real voting is about to begin. Cnbcs chief washington correspondent john harwood joins us now with all the details. Good evening, john. Good evening, larry. We had an unusual end to that filibuster which you called brave and courageous. 100 people voted against it, including ted cruz himself. It became so unpopular by the end, that ted cruz decided to go with everyone else, seeing which way the wind was blowing. What were going to have now is a debate in the senate over stripping out the defund obama care provision. Not sure exactly when thats going to happen. But cruz has indicated he may shorten the time and not drag it out all the way to sunday. Many republicans wanted him to shorten it so that the house will have more time to send a counterplay back to the senate. But it does appea