As no fewer than eight states along the eastern seaboard declare various states above emergency. Air travelers, its a mess, theyre feeling the brunt of this bomb cyclone. On the screen is a picture of ohare, chicago. Fight aware is reporting 3800 cancellations have been called across the nation and additional 1500 flights delayed. Flights at this hour suspended at new Yorks Laguardia airport and the jfk. Newark, new jersey is on a limited takeoff basis. You are not storm also playing havoc with the Nations Energy centers, with snowfall and excessively high winds knocking out power to tens of thousands of people. More expected to get hit by darkness. Power companies are warning of the possibility of fuel shortages because of polar temperatures arriving with the winter blast. Its a transportation issue. Transporting the oil. Lot of problems with the roadways. Team fox business on the ground with every single part of this story. Now to wall street, the dow cracked yet another major milest
A few days ago it was the nasdaq at 7,000 overnight in asia, the nikkei, if you think these numbers have been good here, up by more than 3 . It had been closed for a bank holiday over the last two days so it had some catching up to do right now you can see the hang seng closed up by a half percentage point as did the shanghai if you look at whats been the early trade in some of those european markets that we watch closely, up across the board gains of almost a percent for the dax in germany and the cac in france. Ftse hanging in there. Still in the green with italy and spain, each up by 1 and look at crude oil prices yesterday a rally in crude oil, up by 2. 1 this morning additional gains of 11cents. 61. 74 a barrel for wti big corporate stories of the morning. Tesla is still struggling with production the carmaker releasing Fourth Quarter delivery numbers that fell short of expectations again, pushing back production targets for the model 3. Tesla delivered 1550 units of the highly an
An hour or two off makes a difference . Its like a new jet lag every week think about that the three day weekends yesterday kaley was up early. That kept me on track. If you go to bed early ben franklin. 7 to 8 hours, instead of getting fancy i thought you were going with the early to bed, early to rise. It sounds like youre getting a little bit too how does this guy know . If you get 7 or 8, youre great. God bless you if youre getting 7 to 8 now youre saying it has to be this time i can call you early on weekends if youd like lets look at u. S. Equity futures. Its been a huge year already, just two trading weeks in. Look at this this morning, futures are surging, dow indicated up by 267 points s p futures up by 17 nasdaq up by 14. This comes after last week where the dow was up 507 points. Nasdaq up by 1. 7 . Gains across the board with the dow, nasdaq, s p 500 and many other indices result ending at alltime highs its continuing again this morning. Hard to try to get your arms around
Go big or go home good friday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt and here at post nine. Record highs on the dow and s p this morning all major averages having best month coming as the president addresses the Economic Forum in davos sw davos switzerland yesterday declaring america is open for business sat down with our joe kernen for more well turn to Michelle Carusocabrera in davos this morning. Hey, michelle. Reporter hey, carl, President Trump on a full court press to convince investors around the world to invest in the United States. Trump reiterated how pleased he is about the Corporate Tax cut, what it does for american competitiveness and how its leading to bonuses for workers as a result. I think that the tax plan has been even better than we thought. What did happen that nobody considered is that at t started, but they immediately followed hundreds of companies are giving thousands and thousands of dollars to their workers and now you have almo
Meddling well discuss the potential impact for facebook and for the other big tech names. Speaking of big tech names intel Ceo Brian Krzanich will be here for an exculusive interview about the companys new Autonomous Vehicle partnership with alphabets waymo unit that will be coming up a while from now. That will be very interesting. Plus, find out whether a nearly 8 billion Missile Defense deal could signal more deal making on the horizon for the Defense Industry which is enjoying alltime highs in this market today. Lets start, though, with facebook feeling more pressure from washington over those russian ad buys ahead of the election Julia Boorstin has the very latest julia . Reporter hey, kelly. Facebooks under fire for recent revelations that russians bought ads on the social network to influence the president ial election House Intelligence Committee Ranking Member adam schiff is calling on the company to testify before congress saying im distressed it has taken us this long to be