down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn t look like it will, seven straight up days, not today though, down ten points at 1418. investors dealing with jewel issues. not only is the fiscal cliff situation looking dicier by the day as we head headlines out of announcement by the federal reserve s announcement tying rate hikes to the unemployment rate. our next guests are here with their best ideas going into the new year. today s closing bell exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. right, and frankly that s very expected. there s going to be a some grandstanding about your political philosophies right up until the end, but the way i
when things seem so good. we ve been there before. are will legitimate reasons to worry and find protection for your money? we ll take a much closer look this hour, maria. then the twiter sphere. are they leaving money on the table or being realistic about its own financial expectations? we re debating twitter coming up. obama care still sick. the current prognosis, the website will be fixed, they say, emp by the end of november. really? how do they know it will be done by then? i m still having trouble, maria, signing up. more questions than answers but we ll try to get some of those answers this hour. yes, we will. let s check where we stand in the markets right now as we approach this final hour ahead of the weekend. dow joendz industrial average has been steady for most of the afternoon, gain of 40 movements, fraction at move, 15,539. we had economic data out. nasdaq looks like this, up 11 points, quarter of a percent, 3940 on the nasdaq. very steady for the last co
it s comments by mario draghi, which have sent the you euro lo. all over the map today so far. the point is, it s our fourth consecutive down day. that s right. we re going to keep a close eye on markets. we re seeing the s&p 500 selling off by about 22 points. we mentioned the dow off 220 to 161138. the nasdaq losing ground as well, off 68 points in the session today. let s talk about it in our closing bell exchange. we have heather hughes, greg ip, amy wu, ron weiner, and our own rick santelli. we re going to bring a trader from the floor. you want to bring him over? come here, warren myers. come on over. we ll get you in place as well. i m going to start with rick santelli. because of the lack of consensus, mr. market, on what s causing this selloff today, you know, what do you make of that when nobody can agree on why people are selling equities today? oh, i don t agree with that at all. just because you have six different aisles at a supermarket being crowded, it
quarter gdp. also up today, a lineup of heavy hitters on the closing bell. we have exclusive interviews with paul jacobs rob sands. have you seen what constellation stock is doing today? jumping. and we have commerce secretary penny prits zer and john legere. we will get get the real story. he was escorted out of an at&t story. he says he was there to see the musical act. he loves macklemore. sure he does. microsoft taking a hit today. allen mullally is taking himself out of the running to fill the ceo role at microsoft. microsoft announcing it will now be february at the earliest when they announce who is going to be the new ceo. who are the likely candidates and who is wall street rooting for? we have an in depth look at that very important story coming up in a little while. we re keeping a close eye on market this is hour as we head towards as we re into the final hour of trading with the dow down 82 points. that s half of 1%. we have the nasdaq actually the
less than a percentage, but nasdaq is down 1.3%. you should have seen the look on her face when we noticed that earlier. lululemon among the retailers that s been warning today. that stock has been down 16% today. and we ve got all these earnings coming out this week. we ve had all these warnings so there s a feeling of fear right now definitely an wall street. and anticipation. retailmageddon is the way one retailer put it to us earlier. goldman sachs sounding the alarm on valuation saying investors are too focused on stocks and hurting longer term return. we re not just talking stocks so far today. gold interestingly has been heating up after a horrible year last year and who better to get the outlook for gold and the precious meatals than the ceo of gold corp himself. coming up this half hour. talk about a tough 2013. look at markets right now. as mentioned, the dow is off 159 points. the s&p 500 is off 20 points. near 1820. in fact, it is trading about 1821 so we re