Should expect. Plus, tweet your tweet, new years resolution to keep happy in 2017. Dow up 33 points, s p up 5. Nasdaq up 10. Pretty firmly in positive territory a few hours ahead of the opening bell over in europe. Stocks have actually been down in the trading session there led by a fall on the ftse and london, four tenths of 1 n asia overnight, mixed markets there again on the last day of trading for 2016. And amazon reveals plans for a highflying warehouse with a fleet of drones. You have to see how this is going to work. And all of that coming up with me this morning, president dominic is here and Rachel Campos, dagen will be up in just a few minutes. Happy new year, not there yet. But we are like a second from time square and i swear, at night i finished hosting the kelly file, the streets were filled with tourists even though those threats exist, people just keep oncoming occupy. No where better to be than new york city on new years eve. Sandra depends who you ask, rachel. [laught
We will look at the local angles and how the pride festivals here will change as a result. We will get to that in a moment but first a check on weather and traffic. Good morning, we are look at live doppler hd at the cloud cover that is pushed in around the bay. Here is what you can expect from the exploritorium. You can see the low clouds. That means we will have cooler temperatures today. 7 00 this afternoon, coastal clouds and this afternoon sunny conditions with highs in the mid80s. Quiet morning for traffic so far. Right, if thing. Monday morning. Here we go with the san mateo bridge nice drive at 14 minutes to get over from hayward to pass step city with slowing from tracy. That is typical. A couple of things to be aware of, we have road work happening, landscaping work in the santa cruz mountains, expect slow traffic this. People in San Francisco are showing their solidarity with orlando. Police are reviewing security measures two evening woos from the nations largest pride even
Rich . Why do they always want you to pay more . Good morning, everyone, warren buffett, george soros, yes, theyre at it again. They want the estate tax to bite really hard. They want a much higher death tax and both are worth tens of billions and both have plans to avoid the tax they want to increase for everyone else. Both are obama supporters. However, gas prices down again. Were close to breaking below 3. 30 a gallon in some areas, its 2. 99. Ben is likely to keep on printing and the president likely to keep on spending. Lets ignore the runup in debt and watch the stock market rally. Thats whats happening. As Varney Company is to begin. And of course, were going to talk about this. You should know that axiron is here. The only underarm treatment for low t. Thats right, the one you apply to the underarm. Axiron is not for use in women or anyone younger than 1 axiron can transfer to others through direct contact. Women, especially those who are or who may become pregnant, and childre
We are going inside one of the worlds most prominent fashion houses. Takes a look at the life and legacy of its founder. That is next hour during our in the no discussion. Lets have a look at some breaking news. Italian oh Banking Group is reducing releasing numbers. 5. 59 one billion dollars was the net loss. The reason for this they have written down 5. 8 billion in the fourth quarter. That is the reason we are seeing that. In terms of how the business is performing, one ratio is 12. 3 at the end of december. They say they are taking repricing action to limit what they see as a negative environment. Going through the metrics for the fourth quarter. Time when european banks looking ahead to the asset quality review that things be conducted by the central bank. Saying they have about 11 billion euros in capital buffer ahead of the asset quality review. We will keep an eye on that story as it develops. Those are the latest numbers. Back to our top story. Microsoft is an omission to get
Consistent. Weve been talking about dive e diverging indexes for the last couple sessions. Its pretty clear whether youre looking at the Dow Jones Industrial average, which is off about 187 points, off the lows of about 220, still down better than 1 . Same goes for the s p 500 today. The broad market index telling you the same story. Very few components today, bill, in the green. Yeah, the dow was down 233 at the low of the session. Were told that there really is no pressure either way, to the buy or sell side, as we head toward the close. Lets talk about all these red arrows today. Joining us in our closing bell exchange, amy wu, heather hughes, jim lowell, jim oshaunnesy, and our own Rick Santelli standing by in chicago. Heather, youve been one of our resident skeptics about this market. You must be i dont want to say youre pleased about the selloff, but at least it brings you back to a level closer to where you might want to get back in. Hi, bill. Yes, i think theres been all this b