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Bomb for stocks. Hell tell you what it is and why this hour. West texas crude crossing below the 50 mark for a short time. Right now just a nip above it. This is a massive cold snap about to cover much of the united states. Snow, too. Already hitting some parts of the country. Its going to be a rough week for weather. Snow ice and freezing cold. The forecast is ahead. We give it all to you, including sue at the nyse. Hi ty. And stocks have been spiraling lower this hour. A big triple digit loss on the dow jones. But we want to take a look at the dow and markets through the prism of ets. You can see down almost 1. 3 . Qqq, nasdaq 100 and the iwm is the russell. Now, the Health Care Sector is traveling with a break even line today. Some people were calling that a safe haven earlier. Not so much now. The hardest hit sectors of the day, energy. Financials materials, also down considerably on the trading session. Now, the transport ....
Bucks a barrel. 50. 65. Lowest since may 1, 2009. Last time if youre keeping track below 50 april 29 2009 when we hit 49. 12. How about the ten year note yield. I was on vacation didnt look at it every day, yeah 2. 091. Wow. Wow to both of those things. Lets get to our road map this morning which you can probably guess where it starts. The markets, crude, and euro all under pressure this morning. Global uncertainty is back in this new year. Chrysler reports a 20 jump in monthly sales. Were going to explain why that may not be good enough for gm. We will be hearing from them in the next hour. And starbucks downgraded. Koeg coke upgraded. The roeneason behind both coming up. Crude fall to go a new 5 1 2 year low. You also have the euro falling to a 9 year low on Political Uncertainty in greece. And expectations that the ecb will deliver quantitative easing later this month. Jim, baby. Were back. No shortage ever things to dis ....
Of data on the docket. Building up to fridays jobs report, today we have december auto sales. Tomorrow, its ism nonmanufacturing and factory orders. Wednesday we get the adp. And well have International Trade and minutes from the last fmoc meeting. And thursday the initial claims and the friday payroll report. How are traders viewing 2015 . So far with a slant to rise 8. 2 this year. The big drivers they are looking at economic expansion and earnings growth. Oil prices dominating the market this morning with wti and brent losing half their value since mid2014 with prices falling to 5 1 2year lows this morning. Among the headlines, iraqs oil exports were at the highest level since 1980 last month. Also, we can tell you the new congress meets this week and the incoming chairman of the Senate Commerce and Transp ....