Closed down by about 2 . The losses were more severe by the hang seng. Down 2. 1 . The shanghai off by 0. 3 the nikkei down by 441 points. That will get your attention lets look at early trading in europe again, some declines there not as severe as we saw in asia, but the dax is off by 1 lesser losses for the cac and the ftse declines in italy and spain. Yesterday the tenyear yield was 2. 35 , this morning at 2. 34 . We are watching the price of bitcoin surging past 12,000 towards a new record high. The currency got a boost on friday when regulators announced it would allow the cme group and cboe to allow bitcoin future contracts. Theres a few economic reports on the wall street agenda the november adp employment report is out at 8 15 eastern followed by revised Third Quarter productivity and labor costs at 8 30. On the earnings front, brownforman, h r block, American Eagle outfitters are set to report before the opening bell broadcom and lululemon are out after the close. We mentioned
Closed with their highs of the day. Cnbcs bob pisani has all the details from wall street. And well be hearing live from several members of the senate and the house throughout this pivotal hour. Where do they stand on the budget negotiations that are about to begin as we get ready for the next deadline . The kudlow report begins right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We are live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Breaking news tonight. The senate expected to vote this evening on a compromise deal to temporarily reopen the government and raise the debt limit. That sets the stage for broader budget negotiations later on. House leader have vowed not to block the bill. The chamber expected to vote later this evening. Were going to talk with members from both parties. Both houses of congress throughout the evening. But first lets get the very latest details from ace political reporter and cnbc contributor robert costa who joins us live
Good morning. Welcome to squawk on the street. Hope you all had a good christmas. Im melissa lee. Were live from the new york stock exchange. Jim cramer has the day off. The latest s p schiller home price report has been released. The results being shown at the bottom of your screen. David blitzer will join us with a closer look at the numbers in just a few minutes. Lets get a check on how were setting up on this day after Christmas Trading session. The dow looking higher by about 15 points. S p looking at about two points at the open. European markets closed on this day after christmas. The uk and france among those celebrating foxing day. We start off with, what else, retail. Dips in spending in the midatlantic and northeast regions. Luxury sales also weak. Were coming off the worst Christmas Eve for the dow since 2006. As the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. Threatening both coasts with workers snubbing
Us as hes making news on capitol hill and we have those stories and much more coming up on the kudlow report. We begin right now. Welcome back. Im larry kudlow. Were live here at 7 00 p. M. Eastern, 4 00 p. M. Pacific. The Prime Minister of malaysia announces what we all have feared, flight 370 went down in the indian ocean. Good evening, larry. This is devastating news. It was expected but stunning to many. They received the news, many of them via text messages. And were told that no one on board survived. This place is described as literally the end of the earth. Over 1500 miles away from perth, australia. Apparently flight 370 has been sending an hourly ping to inmarsat satellites even though their system was shut off and thats how officials were able to determine the new location. The malaysia Prime Minister said to assume that all of the passengers on the plane are gone. This afternoon, the u. S. Navy sent tlp25 to perth, australia, where it will be loaded on a u. S. Ship and once
Guys arent married and dont have decent jobs . All these stories and more coming up on the kudlow report. Starting now. Good evening, this is the kudlow report. First up tonight, a new report from nbc news is Investigative Reporter lisa myers says businesses across the country are cutting employees hours to avoid paying Health Care Costs from obama care. The white house has been telling a different story. Take a listen. The data reflects there is not support for the proposition that businesses are not hiring fulltime employees because of the Affordable Care act. Add this to the delays and changes to obama care, seems the law is crumbling under its own weight. The Small Business exchange, the employer mandate, the eligibility verification. Here to break it down is mark hanna democratic analyst and former Campaign Aide for john kerry and president obama. Health policy expert author of the book beating obama care. Thank you so much for joining us. Lisa myers, the story surveys businesses