Same. Were pretty much at session highs. At the high today, the dow was up 90 points. So, again, we are at 85. Yesterday we saw some buy orders on the close, so well keep a close eye on it here, and on apple, tyler, in particular. Yeah, it could close at 100 or so for the First Time Since splitting 7 for 1, and that means apple would be back at 700 on a presplit basis. Say that five times fast. Well monitor how apple finishes during this final hour of trading. And could we see dow 18,000 this year . Professor Jeremy Siegel thinks so. Hes here exclusively, with no surprise, a pretty bullish market call for this year, and for perhaps beyond. Well get into the details with him and talk about valuation as well, coming up. And how about that new deal from sprint . Did you hear about it . 20 gigs a month of data for 100, but there is one catch, youve got to be a new customer. So, what about someone whos been with sprint for years . Why do they have to pay more . And this isnt unique to sprin
A blowout session in shanghai overnight. Best single day gain in more than three years on a pretty decent pmi. Europe has also been a blend of red and green as the ft names ecb chief the person of the year. Were going to kick off with breaking news. For that would, we go to david faber. News on best buy, in the news yesterday. The stock up sharply. What we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. Giving schultz the opportunity to look at not Just Christmas sales, but the end of their fiscal year, which will end at best buy on the 31st of january. And that window, again, will be 28 days long giving him an opportunity to continue
Banker who buys and sells Major League Soccer teams. One ben affleck or Leonardo Dicaprio need a break they had into one of these multimillion dollar trailers. You would not believe the amenities. Welcome to Market Makers. I am stephanie ruhle. I am alix steel, in for Erik Schatzker. I think we need that trailer. I could not be happier they are doing that feature. It is a recipe for this organization to know how i like to will. For now, we will talk about a big number, 5 billion, how much it could cost bnp paribas to settle a probe on whether the bank illegally did business with iran and sudan. It is double what Credit Suisse paid to settle a similar investigation, and moral than what investors were and more than one inspect investors were expecting. I want to bring in more i want to bring in keri geiger for more. The hits keep on coming. I think the capital ratios can sustain a 7 billion hit, so we are not in number that can hurt the bank, but it is unfolding into something interestin
Lynch upgrading the stock to underperforming. Theyll release a statement about the potential buyout. Weve been watching the futures all morning. If you want to take a quick look, after yesterdays big pullback, some people thinking that was the beginning of the pullback, you will see the futures indicated higher. Up by almost triple digits. Dow up just by 84 points. We want to thank our guest hosts today. Great to have you guys. Thank you both. We dont necessarily come as a team, but sometimes. Now its time for squawk on the street. Futures higher trning, thats something the bulls might say, dont call it a comeback. Were still here. Im carl quintanilla, with melissa lee, jim cramer is here, and david faber. Europe stabilizing as service pmi showing overall slowing of contraction. In china, services pmi accelerating to 54. As markets climb back from the s ps worst day since november, is todays market going to demonstrate investors willingness to buy the shallowest of dips. The business t
Advertisements. Uncertainty about whether or not the offers are real. Wed like to help cut through that. To get people to take advantage of that. Which would be another housing upside for the economy. Tensecond surprise . Hoimts do yw many times do y the word uncertainty . Theyre screaming there are opportunities in the markets. Its when people are certain that you have to be fearful. I think were far from seeing certainty. Youre still bullish . Bullish as anything. Doug, richard, thank you. Steve, michelle, thank you. Thank you. Chicago tomorrow. We also have bob ruben tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, with Carl Quintanilla with jim cramer and david faber at the New York Stock Exchange. The day after the s p and nasdaq posted their second best days of the year. We looking at a higher open, pretty much across the board. Actually, they just turned. Were looking down open here, 59 points on the dow. D