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Other indexes. And a new blend. Keurig Green Mountain agreeing to a buyout and those shares are absolutely soaring. Lets get straight down to the trading action this hour. Bob pisani is joining us from the flor of the new york stock exchange. How much of the stock markets drop is due to whats happening with oil and Energy Stocks . Oil and the fed are the two things motivating the market right now, but the problem is there is no trend and thats causing a lot of confusion in the last few days. Just look what the dow has been doing since thursday. Thursday the dow is down 250 points. Friday the dow is up 369 points. Today the dow is down maybe 200 points, we dont know where its going to end up but right around there. Is your head spinning . Mine is. And the Trading Community is having trouble figuring out where they want ....
To rescue americans being held by isis. Pentagon officials saying forces stormed a terrorist compound only to find the host aemgs werent there. Were going to have a live report from our nbc colleagues covering this in just a bit. Carl icahn is at it again. The activist investors revealing a nearly 89 stake in hertz, the rental car company. Icahn says he will pressure the company over pricing issues and operational failure and he may even seek a board seat. Shares of hertz plummeted over the last few days after the company withdrew its full year forecast. They are up slightly in after hours trading. As of yesterday, some hedge funds talked about potentially trying to replace current ceo mark viscora, as well. But this seems to be bit of a low hang fruit at this point. As of the last quarter. Late 2013 is when he originally took that stake. We know hertz and we like mark. But it is low hanging free fruit, i guess. The high on the tock is 31. 61, its alltime high. And its at 30. 33 and th ....
Salaries. Here is the question, will the president end this strike . And tens of thousands of egyptians storming the palace. Is egypt about to blow up into a civil war. Did president obama disspeaker john boehner in a comment today. On the conservative side of the Republican Party today. With senator demint speaking on the idea that 800 billion of tax increases were offered. But he got the backing of mitch mcconnel. Take a listen to what he had to say. I think it sis important tha the house leadership is trying to mov move it forward. I had hoped that we would be accomplishing more in the real talks. But i can tell you, there is nothing going on privately that is not going on publicly. Even as he has to deal with this rebellion. He has to deal with democrats and harry reids comments today give you a sense of where they are coming from. They have to come up with specific revenue. And they refuse to do that. It is a simple questio ....
Far this year. The dow has advanced 8 in total. The s p 500 up almost 14 . The nasdaq has jumped 16 . Its been a good year. The end of the year also means we are just days away from the fiscal cliff, however, and thats the bad news. And looming tax hikes, spending cuts, all of that. Both sides warning a very big deal becoming a bit more unlikely. And my one bit of advice to Speaker Boehner is this. You cannot pass a bill with just republicans. On a broad thing like this, you need both. And he has put himself with plan b and sort of an impossible position. He has to get these hard right goes to go along with him. And he and the president were going to say were going to pass a deal with the majority of republicans and the majority of democrats in the house and senate, we would get a mainstream deal. I think were going to fall out of the fiscal tree. The big deal for the big deal is at the debt ceiling. Thats when we will have lever ....
9 00. I knew that there would be trouble this morning. I got myself seated good. Well squeeze you for everything youre worth. We needed a big name. Big name. We got one. It day after for december 26. Youre too kind. Then here you are. Here he is. What did you get . Anything good . I have switch, lump of coal . Hes a hanukkah guy. A lump of coal yes, but a lump of coal at some point probably worth something. Tet rate were going. Thats right. Youre no tree . I want a tree, my wife says theyre too messy. The trees are messy. The needs needles you have the festivus pole. Grievances you better go, sorry. Lets do the main headlines this morning. Of course, theres only one main story this morning. Its a familiar one. The looming fiscal cliff. Aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. I think were dealing now with whether or not we can put off the the increase in tax rates. Thats really all we can deal with now. ....