To 2 here as we await a big week in europe as well. We start with the markets. New optimism about the cliff. President obama in myanmar saying hes confident the fiscal situation will be dealt with hours after he hit the phones calling top ceos. Lowes shares on better than expected earnings. The results renewing hopes this morning about the housing recovery. International pressure mounts for israel and gaza to agree to a ceasefire after a weekend of air strikes leave a dozen dead and hundreds injured. Brent continues to climb with gold going higher. The president and congress will strike a deal to restore the fiscal cliff. Over the weekend in asia, the president said hes confident we can get the fiscal situation confident and reached out to ceos including tim cook, Warren Buffett and jamie dimon. After top house and Senate Leaders say fridays meeting was constructive. We see headlines that may bring news to other companies. Intel ceo Paul Otellini to retire. During this period where a l
Billiondollar bracket offer a little bit later. Are you playing in this . Are we allowed to play . Yeah, we are allowed to play, i think. Because i signed up. Im in, baby. Youre in . You can sign up until the 20th. If i win the billion, im buying a massive evaluation. Ill pay you 100 times. I know some people and we can work something out. You and me. Well buy county carrie. I like that. The people of crimea vote to secede from ukraine and join russia. The u. S. Warns of sanctions and the markets move higher. The futures this morning at least here right now are indicated up by almost 100 points. S p futures are indicated up by better than 10 points above fair value. The major european averages at least in the early trading are also indicated higher. The biggest gains in france where the cac is up by. 70 . In russia, the benchmark index there is also trading higher up by 2. 5 . That may surprise people who have been expecting at least the moscow stocks to sell off. And certainly the rub
Jims alma mater harvard set to face cincinnati. So far, it looks as though stocks will open to the upside, as markets appear to be taking in stride crimeas vote in favor of leaving ukraine and joining russia, this comes after a week in which the dow had its first fiveday monday through friday loss since may 2012. Jim, good to see you. Good to see you. Referendum dominating the news flow over the weekend. U. S. Says under no circumstances is it going to recognize that. What does it mean for the markets today . I think that whats happening is there are oligarchs cashing out. We see a lot of sales of treasury last week. I have to believe that some of the russians are to be thinking, okay, if they do capital controls, ive got to get out of the u. S. , that was a lot of the selling. This was one of those big, bad event owes cs occurs, nothing h. I think they hope it go as way. I think people hope putins done or maybe hell say, look, i think that maybe its reasonable for me to have a corrido
More normal approach to monetary policy. The nomination is set to begin at 10 00 a. M. Eastern time. In the meantime, outgoing chairman ben bernanke says the central bank will remain alert to preventing inflation from declining too far from its goal of 2 , falling too far below that. Were going to talk about the future of the central bank with greg ipp and ir neil irwin in the next hour. He says he expects to taper in the next couple of months. Beyond yellen and the fed, a few other economic event toes watch today. We have weekly jobless claims at 8 30 eastern time. At the same time, the september trade deficit hits and Third Quarter productivity and labor costs. Futures at this hour well, you have to remember yesterday we did see things closing at record levels for both the s p and the dow. Nasdaq closed to a 13year high. But with that news from cisco, you can see futures from the nasdaq ended down by 6. 5 points, now durchs up by 26 points and andrew, back over to you. Boeing machini
Drag draghis press conference begins. Stocks set to open in the green this morning after jobless claims fell by 15,000 ahead of tomorrows big job number. Plus, macys says it will layoff 2,500 workers and close 5 stores in a move that could save the company up to 100 million a year. Shares are up this morning on that news. While macys in the green, its been a rough morning for some of the other retail names, Family Dollar, Bed Bath Beyond expected to open well to the downside after Third Quarter earnings miss. While tmobile is still only the fourth largest carrier in the u. S. , its ceo making a splash at this years consumer electronic show and well tell you what he had to say about tmobiles Fourth Quarter and an incident at a party for at t. A lot for wall street to digest with new labor on the data front setting the stage for tomorrows big job numbers. Jobless claims by 15,000 to a seasonally adjusted 330,000. And the bank of england and the European Central Bank Standing pat on key I