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Transcripts For CNBC Squawk On The Street 20121219

Years ago today. Happy anniversary to us. Im melissa lee with carl and jim cramer and david faber live from the new york stock exchange. Lets look at how were setting up after yesterdays rally. Particular strength in yesterdays rally. We didnt get housing starts, thats earlier today. As for the picture in europe, really the stand outout here is the euro. Greece getting a five notch upgrade at the s p. Our road map this morning starts with gm. Government motors no more. The treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. Another challenging quarter for fedex with the blame squarely on sandy. But the stock is up premarket. Oracle posts a Strong Quarter with Even Stronger guidance. The season rebound in europe. No impact from the fiscal cliff. And ge gets boosted from ubss key call list on the weaker than expected macr ....

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Schonfeld Cuts 15% of Staff After Bolting From Millennium Talks

(Bloomberg) Schonfeld Strategic Advisors dismissed 15% of its workforce to cut costs after scrapping deal talks with Izzy Englander’s Millennium Management earlier this week.Most Read from BloombergHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundBiden, Xi Declare Progress After Concluding Four-Hour SummitXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’Israel Latest: Biden Defends Hospital Raid, Says Hamas UnbowedAmong the highest-profile departures is Ben Melkm ....

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