Last two weeks. The yields on debt that comes due in one month have risen to levels higher than yields for maturity thats dont secure for six months. Thats a big deal because normally an issuer would pay to borrow for longer periods of time. The institutions want to avoid being stuck with debt in the event of a default. Citigroup has told clients it would rather not take treasuries on october 24th as a sign of collateral. Andrew, this a sign your money is no good here. Weve got more on the situation in washington in just a few minutes. I dont know if people are going to be taking paengz or not, but i think we should see a number of Companies Set to post Quarterly Results for today. Before the bell, well hear from the follow. Citigroup, cocacola and johnson and johnson. Intel and yahoo are among the other we will be hearing from. Burberrys ceo is leaving the British Fashion house to move to, guess where . Apple. Angela ahrendts is going to take up a newly created position at apple with
Country ahead of the 8 30 eastern report, u. S. Equity futures take a look. All this may change at a moments notice once we hit it. The dow looked like it would open higher by 4. 5 points, s p up 2. 5 points and the nasdaq up 11 points. Lets take a look at the tenyear. 2. 707 . Weve got a lot of special guests this morning on this jobs friday. The maestro himself, former fed chairman and cnbc 25 contender allan green p Alan Greenspan is going to join us like at 7 30. Before we do that, were going to get over to pebble beach with becky and joe. Hey, guys. Good morning. Its good to see you, andrew. Good morning, sara. A sight for sore eyes, andrew. I believe its maestro. No, its maestro. I said maestro. Im not talking about you. Not you. You said it right. A person has a prime time show now on stop. Its very early out here and its nicer weather this morning. And we are enjoying pebble beach. Its been beautiful out here. Joe has been playing and youve been well, its im glad to be here, ri
To bring in transportation. We have c 130s coming in. Authorities say that at least 2 Million People are affected in 41 provinces. We will have more from a live report from the ground. In the meantime, lets send it over to andrew. He has this mornings top stories. Good morning, becky. Thauchk. We have some corporate headlines this morning. Avardis is selling its blood testing units for 1. 75 billion. Its a very busy market for health care deals. Also shire has agreed to buy viro viropharma. The deal should boost shires rare disease portfolio. Trans ocean reached an agreement with carl icahn to settle a proxy battle. They will pay a 3 dividend. The activist investor tweeting his response writing in part, quote, great news for transocean and activism today. Joe, over to you, sir. I think he just likes us to say his name. A lot, in any context. Carl icahn in. Yes, pretty much. Icahn, icahn, icahn. In every story, in every headline. Icahn wants to be an icon. He is an icon already. Is that
Since 1950, there have been 17 other instances when the s p is up nearly 20 on the year. The index finished positive the following year 82 of the time. Positive the following year, the s p finished with a gain of at least 7 , 86 of the time. Given the rally, its not surprising that stocks mutual funds are set to see their first annual inflows since 2005. But not everyone is convinced or confidence in this run up. Investorers forward more than 21 billion into money market funds on fears of a potential pullback for stocks. Those came as investors pulled funds from the previous week. Now, we are watching the tenyear. Now, the bet was on the tenyear. I dont know if we want to do the bowing now or how we want to work this. You said they werent going to taper. Im out of this. I lost. Im not even trying. Listen, here is the deal. And even on that friday i forgot about the bet. But on the friday when it was supposed to end and it was the close of that day, it was less than two basis points hig
Calls. Well talk more about david tepper and some others in just a moment. But first, andrew has a roundup of some of the mornings top stories. Andrew, that story is already here in the new york city area. I cant believe it. We needed it about a week ago. I dont know. Shocked me a bit this morning, whoa, back to work in the snow. Well, happy new year. You, too, happy new year. Fiat decided to buy the stake in chrysler it doesnt already own. This is all in cash. Once that deal closes, chrysler is committed to giving the trust an additional 700 million. The agreement ends months of tense negotiations. The deal means no chrysler ipo. Thats important because the ceo never wanted that. And phil lebeau will have more at the top of the hour. In our corporate news, mccow ka seeno has reeled a deal. Were going to talk more about the big business of gambling coming up at 7 40 eastern time. Cnbc is part of that and windsor media, an Investment Firm run by former yahoo chief terry stimble, its sig