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This is the time of year that businesses are at their greatest risk for losses, not just from shoplifters but employees. Our kate rogers has a special report. But lets begin with markets right now. An hour to go and we are seeing significant pressure on stocks. The dows off 102. Well off the lows of 150 from the last hour or so of the session. Still as mentioned, a lot of pressure in the Energy Complex. Crude today closing at a fiveyear low. And look at some of the names taking it on the chin in response. You have a denberry off 10 . The equity not just hit and seeing pressure on the credit default swaps here. Time now for the closing bell exchange. J. J. Kenihand joining us and thomas fross, lee drogan, renee norris and our own Rick Santelli who rocked it yesterday on meet the press with chuck todd. Well done, ricky. Lets get to the conversation right here. Thank you. Thomas, ....
U. S. Equities and we are at this point at this moment the dows down about 3. 3 from its most recent peak. The nasdaq the russell, the s p all down a like amount right now. Lots of key levels to watch today. The fact below 50 in wti crude, some of whats happening in the rate space and waiting to talk about that but again were starting off the year in a trading session that people love to extrapolate for moves from here on a weak note. It goes without saying this final hour will be very instructive. Do they start to buy on the dips . They havent yet. Or do we get even more selling come into the picture in this final hour . As mentioned, as we get into this final hour underway here the dow off 340. Nasdaq off 1. 7 . The s p off almost 2 and biggest decliners in the dow are energy names and also the financials. Theyre also a Big Industrial name like caterpillar and a lot of other companies with international exposure. Last we checked ....
Its statement to drop the pledge to keep rates close to zero for a considerable time. The feds twoday policy meeting begins tomorrow. The oil shock continues as crude Oil Prices Bounce back after volatile early trading. Brent had dropped to a 5 1 2 year low after the further price declines. Also in the headlines, opecs chief defending the decision not to cut the output. Wti is up by 40 cents only sitting at 58. 21. Last week 13 decline in oil prices sent waves throughout the Global Markets in the last five trading sessions. The yield on the tenyear tnote posted the biggest weekly decline in terms of a drop in terms of basis points since june of 2012. And the dow dropped almost 4 over the course of the week. That was the worst week since november of 2011. Weve been watching the equity futures this morning that look to be bouncing back, at least in early trading. You can che ....
That means for mortgage rates, housing markets. We went below 2. 2 down to 2. 19 . And four big threats to the american economy. They all begin with the letter e. Energy, ebola, earnings and europe. We will look at all four of the big es. That used to be known as elven hayes. 2. 2 should be the low for the ten year. Anything below that he said would force the feds hands into action and said the fed cannot tighten now due to the risk of deflation. We have been talking about that especially with energy and looking for a bounce for stocks. Of course, not bouncing but falling has been the oil market. Brent and crude. Now down 19 . The transports are bouncing back along with the Dow Jones Industrial average partly due to the drop in oil. They are up more than 3 although the transports are down more than 2. 5 in a week. Its been a very interesting trading session. We have a little more stability and bob joins me here on the floor ....
Theres a thought that maybe the bias will be to the downside in the last hour here so were keeping an eye on this. Can we do it today . Especially after that jobs report. We got to talk about that. 321,000. The shock hasnt worn off. Well be joined by starbucks ceo with new stores and tasting rooms. Schultz coming to us from seattle and this roaring stock market. His stock has seen a 300 move, quadrupling since rejoining the Company Seven years ago. Lets show you the markets right now. Plus signs of much of it this afternoon. After that big, big jobs number we had. The dow up 48 points right now. 52 away. S p up 2. I think thats a record. Right . Should be. And the nasdaq is up 8 plus at 4778. Again, the russell 2000 small cap index, so far today it is up 7 1 2 points. I dont have my glasses. Looks like 2074 for the s p for those watching the game with us here. And about just under it. Just under it right now. And transports up 34 p ....