i'm carl quintanilla with sara eisen and simon hobbs at the new york stock exchange. david and jim are off today. the penultimate trading session of 2014. premarket red after the s&p's 54rd record of the year. case-shiller housing data is out. no relief in oil though. a new 5 1/2 year low.

thank you, simon hobbs.hen we come back "the interview" was a big success on-line but more for google than sony. says our next guest anyway. he will make his case. >> would you pay big money to analyze someone's face. the nba's milwaukee bucks did. the team's facial coding expert will join us live later this hour. oil is about to go negative. see if that has an impact on the market when "squawk alley" continues. about that. about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in

meanwhile let's get to simon hobbs.possible lifting of a trade embargo with cuba. what that could mean for the cruise lines. >> the cruise line carnival is out with earnings this morning. shares have been on a tear in recent months. up 25%, 26, since the middle of october. when of course the ebola fears were at the worst. carnival's ceo joining us now from miami. welcome back to the program. you have had now 48 hours to think about cuba. how do you feel about being able to put ships back into havana, 230 miles from where you are standing now? >> hp holidays to you simon. of course we're very excited should the legislative embargo be lifted on cuba. there is a lot pent up demand for people to visit. there are eleven ports that accommodate our ships and the ships from the industries. the havana port itself has a shallow draft. it takes smaller ships. lit require investment and infrastructure to enhance. but show the embargo will lifted we are very excited. >> the earnings you have beaten by 7 cents a share. is that totall

i'm carl quintanilla with sara eisen and simon hobbs at the new york stock exchange. david and jim are off today. the penultimate trading session of 2014. premarket red after the s&p's 54rd record of the year. case-shiller housing data is out. no relief in oil though. a new 5 1/2 year low. hit $52.70 on wti. the ten year continues to slide below $2.18 this morning. our road map begins with oil. 5 1/2 year lows. >> more details from the planned shake shack ipo. why the strongest growth may not be where you think. >> the latest case-shiller report. you'll see it flashing at the bottom of the screen. we'll speak with robert shiller about what he thinks 2015 will bring to housing. >> you can see futures are off premarket. crude continuing to fall. it all began with that sell-off midday yesterday. albeit on light volume. unbelievable what's happened to crude. you thought some of the worst was over. it clearly isn't. russia's gdp down in november for the first time in five years. it's beginning to have more and more spillover effects. >> the ruble is up today. that's someth

i'm carl quintanilla with sara and simon hobbs.e lowest session since october 15th which was a doozy for the markets. warnings about margins out of verizon. energy one of the few sectors ironically today in the green. >> after that 5.4% move for chinese stocks let's get over to rick santelli with breaking news. it was up 0.4%. on the sale side we expected 0.4% and was up 0.2%. the revisions are a split decision with inventories moving higher from up 0.3% to up 0.4% in september. on the sale side unchanged. the sale side drives the inventories down. that's the dynamic of the economy we likes best. we'll continue to monitor how this impacts gdp. we are waiting for a jolt. it's an october number. it will be on the bottom of the screen. back to you, simon hobbs. >> thank you very much. >> global woes are more lows for oil pushing stocks down this morning. stock down about 128. good morning, gentlemen. >> good morning. >> bears have stuff to work with. >> it's a sloppy session. there is no question about it. i guess i take it in stride

. >> simon hobbs, back to you. >> up next on the program.acking nightmare getting worse. new mails and now employee medical records leaked. the latest details on the hack around the world and what it does for sony's negotiating power after this break. dad,thank you mom for said this oftprotecting my future.you. thank you for being my hero and my dad. military families are uniquely thankful for many things, the legacy of usaa auto insurance could be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. a remote that lives more wi-fi in more places. a movie library you can take wherever you go. internet speeds that have gotten faster 13 times in 12 years. the innovators and inventors at comcast labs are creating more possibilities for more people every day. comcast nbcuniversal. bringing media and technology together for you. >>> hollywood still reeling from the sony hack. and new details keep emerging. everything from private emails to empl

. >> let's bring in simon hobbs as we count you down to the close and the u.k.oss continental europe. >> the german bund has hit a fresh record low today. 0.6711%. partly because there is still this talk that european qe. the ecb's chief economist was hinting that at in washington and the slovakian member of the council suggesting that the overwhelming majority of the council is in favor of qe. and also the situation in greece is aiding that issue. and you could also argue that this threat of qe is limiting the fallout from greece. however having said that you have the yields of spain and italy and portugal rising slightly. the bigger deal in greece itself is the prime minister today nominated a former commissioner to be the new president. immediately the other five opposition parties say we don't accept because they want early elections. the question is whether by december 29th he could win over 25 of those deputies to get that president elected. if he doesn't there is a snap election. this is the judgment from citi today. they believe early parliamentary elect

let's bring in simon hobbs. >> watching a powerful rally just in the last few minutes. up over 3%. france up 2. germany up two. the u.k. up 2 and a quarter. but you still have the core, france, italy germany pulling down for everybody else. the bulk of the market after a six day slump is rallying today. those russian exposed stocks have had a bad day indeed. carlsberg has down 30% this year. in the u.k. we had inflation data that as a result of energy prices fell down to 1% given that it's almost 1 factor% from target. mark carney is just on the verge of having to write a letter to the finance minister to explain how that is. and the bank of england ran the stress test. run failed. these just slipped through. in the meantime the big event is clearly the first vote in greece. we'll get the results midday tomorrow first of three about whether they can get a president through the parliament. and if they can't do it by december 29, there is a snap general election. if there is going to be a snap election and you get qe from the ecb, j.p. morgan believes january 22nd, could

simon hobbs here wrapping up the year as well as the day. >> the final trades actually for most of europe europe wasn't open today. it was a half day in most of the major markets today. so how are we looking now as we complete the year in europe against what's happened in this country? it is a stark underperformance. december was rough for european markets and they didn't recover as you have recovered here. the chart of the year and i'll show you do underperformance we have. the white line is the s&p 500 here. this is the stock 600 in europe. and you will see actually overall there is an under performance on european equities this year of 8%. now, if i break down the european market, and not all markets in europe are equal. some are much more bigger and important. the top three, germany france and u.k. you will see germany is positive, france is negative. the worst performing market in europe, of the major ones and of the major markets around the world is actually london. down 2.7%. in other words the u.k. market has under performed this market by 15% just on price action so far this year

here is simon hobbs. >> there are two stand outs there. you can see that greece -- you can almost see that greece is up just over 3% here. norway is up over 3% as well. the clock is ticking clearly towards the vote in the greek parliament that will come through. they start at the top of the hour and i'll come back to that in a moment. norway higher. a lot of the trade that have done -- we're reversing a lot of trades we've had on track. oil and gas in norway they have done particularly well today. downside, you see profit taking on the airlines which is fascinating. particularly a as the likes of air france klm fly directly to cuba. net net it's worth pointing out all the stuff kayla talked about. oil, russia, greece, has really blocked the santa claus rally so far this month. this is a chart from december. europe's underperformed the u.s. 5%. lmh, they secretly built a stake in hermes. they have given away the stake today providing christian dior does the same. it's all about the prime minister of grease and mr. samaras and what he could

simon hobbs is here to wrap up europe. >> it was rough from the beginning when we learned that the saudis were going to be cutting prices to the u.s. and asia that. took the oil sector down but the big news out of europe is disappointment from some at this ecb's news conference from draghi. the stock's dropped. a big leap in the euro as well. he basically said we are going to put the decision off until the new year. i think most people in europe expected that. a european court of jussen eti come before that. and they will be asking the bundesbank to buy bonds in germany. let's hope they are on board for that. you see the big move on the stock market as well. the other thing is perhaps some of the market did think they would double down and buying corporate bonds so that is a miss for those people. clearly they believe they have to wait to see where they are going with inflation and where their present purchases lead them on inflating the balance sheet. as far as individual stocks are concerned a third profit upgrade. from ryanair. and i finally want to show you an advertisement about to t

. >>> let's bring in simon hobbs. >> the drum beat continues to thursday's ecb meeting. falling 1.3%. thursday will be important to see when draghi is speaking for whole of the governing council. but probably it won't come if it comes until jap aftnuary. it's ironic one of the major markets in negative territory is the german dax. it hit a fresh high above 10,000 and fell back. and that is where we are at the moment. there it is. oil and gas has been one of the major moves higher today. the relief rally catching up on yesterday and you saw some of those plays just now. the big news within europe is the south stream pipeline that russia had started to build between its central east european -- between its asian operations under the black sea. here this is the map. under the black sea, through bulgaria, into the bottom of italy and up as far north as austr austria. a $22 billion project has now been canceled. one reason is that it bypasses the ukraine. and therefore the rest of the european union had been holding up on a lot of the permits to build that. he now says he'll

. >>> let's bring in simon hobbs as we count you down to the close in the uk and across continental europesimon? >> clearly the ecb meeting on thursday is central for many people in the market at the moment. today we got some final reading on the pmis which indicate the three major economies from the you're ozone are manufacturing sectors are in decline. below 50. deutsche bank suggesting you will get nothing new of the of the ecb on thursday as they await for the other measures to come through because there's been no serious deterioration in inflation. we'll see. in the meantime, focus on greece. positive territory overall. the financial times, remember that we have a deadline of next monday for greece to do a deal with the rest of europe on whether it can exit its bailout early. the financial times is reporting that they may actually bend to the rest of europe and not exit early so the monitoring stays in and they get a credit line from the emf. that's bad news politically. it could mean the paesht for the left in greece wins power. it's a shaky government there. we'll see what happens w

but first, my friend simon hobbs. >> and it did feel quite stormy at the open. stocks suffering their biggest drop in two months. though we are off the lows now. on oil, at the moment, currently trading at $66.49. so slightly higher on the session overall. nine out of the ten s&p sectors are down. utilities, energy is up. let's get to the trading action this lunch time on the floor with mary thompson. it's become more of a broad markdown. >> that's a good way to put it. coming into the session, you had concerns about some of the global selloff that we saw in the other overseas markets and warnings here in the u.s.. i'm calling this a bit of a turnaround. i was speaking to a strategist and he said things that were working are no longer working. the question is whether this is a one day thing or start of a trend. so let's take a look at some of the sectors that will one wasn't working and now it's working today. we're seeing a bit of a bounce in the centering sector. this has been a big drag on the markets lately. different story today, we're seeing a pop in the o

let's bring in simon hobbs as we count you down to the close in europe where they're starting off mondayweak note. >> the oil services stocks weighing. that's why you see norway down in particular. coming back down from the seven-year high led by the falls in the price of crude. the retailer admitting it does have delivery problems. apparently in the press there was two-week delays on on-line deliveries and same day deliveries or next day deliveries were abandoned between stores. mark and spencer down 2.5%. the fallers with a messy deal not going down potentially within building services within materials. sanga has bid for its swiss rival but it's done so by buying out the controlling family with a 73% premium on their stock. the trouble is the boards, the staff and rest of the shareholders aren't happy. because they really don't think that they're going to be able to run the business terribly well if the entire management team is leaving. that is a complete mess and no doubt will last for a long time. picking up the news from friday on italian debt, do you remember s&p downgraded, italy

i'm carl quintanilla with sara eisen, simon hobbs and david faber.ow being dragged down by a few components. nasdaq continuing to hold up. oil taking energy names out, as well. draghi saying qe in europe is a next year's story. >> stops backing away from record levels after the ecb and bank of england leave rates unchanged. >> walmart hit with a downgrade. dollar general misses expectations. costco reporting a rising comp sales. >> investigators blaming north korea for hacking sony pictures. north korea denying any involvement. what implications a hack like this holds for the u.s. >> a reminder rick sherlund will weigh in on microsoft today in the wake of yesterday's shareholder meeting. he is raising his target to $56 from $50. he'll tell us why he still likes it so much. >> first let's get to retail. dollar general missing while costco comp store sales up 7% for november and up 9% when you exclude the impact of gasoline prices and foreign exchange. joining us before he jumps on the conference call for dollar general is chuck grom. it's a soup of re

welcome back to "squawk on the street" i'm carl quintanilla with simon hobbs, david faber at the newock exchange. sara eisen is off today. day two of risk on as we said. dow's up 250 points. 500 points in two days. that's the biggest two-day point gain in about three years. first time we had 200 plus point days back-to-back in six years. that's if this holds. all 30 dow components are in the green. check out oil off the highs of the morning. tried to get back to 58. currently 56.63. rick santelli had data. jobless claims the lowest since early november. right now philly fed. >> we are looking for december read on philly. last month at 40.8 was the best level since december of '93. what is going to happen from that 40 level? about half of that. 24.5. this is the issue. when you see something that seems to be an anomaly with data points, especially 46-year old data points. i believe philly started in '68, it's important not to put too much into that. 24.5, lessn't 26 we were looking for. you don't have to go back far to find a lower number. the number before the 40.8 was october. that

. >> simon hobbs households. >> i know a guy. so maybe i can do something for there you there. you worry about there being a mishap? >> you worry about everything right to the last second. when you get in 10, 9 8 -- we're all there holding our breath. and when you get to the where the ball drops you go. whew. >> we're looking at your rehearsal. a lot goes into this. >> you can see the high fives there. the reason is everything worked in rehearsal. >> is it a hydraulic. >> it is a highydraulic lift. >> how long did it take to make the wall. >> this one here is going through a series. we only change the panels. but waterford has been associated with time square since 1999/2000. so it is special. >> this is a charity link for first time i believe is that correct. >> yes. what we did for the first panel back in 2001 we donated all the panels that were removed from that to the 9/11 museum just around the corner from here. very special, very poignant. >> so we're watching new years celebrations. already watched tokyo. probably new zealand, australia. >> north korea. >> i've seen new

i'm carl quintanilla with sar r sara eisner, simon hobbs. mcdonald's after sales miss from november. now down 13 points on the dow. s&p down about 1.5 points but oil continues to be under pressure at the new five-year low. >> let's get to our road map this monday morning. oil prices hitting five-year low after morgan stanley cut its forecast. this is the dow backs away from 18,000. >> mcdonald's delivering weak number. sales down 2.2% around the world, down more than in in the united states. >> and merck buying cubist for $9.5 billion. what the ceo has to say about the deal. >> later, marriott president and ceo arne sorenson, live for an exclusive interview that company going after a younger, tech savvy traveler, opening its first ever u.s. ac hotel in new orleans. >> let's bring the focus back to the marketsen down 12 points on the dow. major averages mixed. the dow is down right now, but still within range of the 18,000 mark. the big picture rallies for seven consecutive weeks and gained 58 points on the dow friday in the wake of the blowo

simon hobbs is off today. take a look at the markets. the dow for the first time, got some new intraday highs for the industrials. jobless claims came in at a seven-week low. just about 15 points from s&p 2100. >> with that, our road map starts with stocks, drifting higher a day after both the s&p and the dow closed at record levels. we are seeing some buying in biotech after that big selloff yesterday. >> there are just a few more hours left to finish off your holiday shopping, and it is crunch time for both fedex and u.p.s. but will your packages arrive on time? we're going to get to a report card coming up. >> and finally, sony says the movie will be seen. a theater owner who has agreed to show the now controversial movie "the interview" at his theater will be joining us live in just a couple minutes. we'll ask him why he decided to go ahead with the screening. >> and a reminder, it's a shortened trading day today. both the new york stock exchange and nasdaq will close at 1:00 p.m. eastern. the bond market will close at 2:00 p.m. east

. >>> good morning, welcome back to "squawk on the street" i'm carl quintanilla with simon hobbs, davidunited. >> take a look at markets here. dow's up 75. chop here in the early going but, of course, coming off the second-best week for stocks in two years. oil continues to be under some pressure. keep our eye on that as it has affected markets of late. >> the s&p being weighed down by the energy sector, hard effort hit among the ten major industry groups as oil prices, yes, continue to fall. thus, cybervandalism, not an act of war. >> that's what president obama saying about the sony hack. the latest on north korea's new threats against the u.s. >>> what to expect from financials in the new year. we'll talk to the coo of kbw later on about that? >>> breaking news, hampton pierceson with that. >> carl, in november, existing home sales fell 6.1% to 4.93 million units, the lowest monthly tote until six months for existing home sales. decline was nationwide in all four regions, the northeast down 4.2%, the midwest down 8.9%, the south, 3.2, and the west, 9.6%. we did have a slight revision

now hobbs, simon hobbs, back to you. >> morning to you, rick. thank you very much for that.ne. the moment of truth approaches for many chief u.s. economists. that's the employment report on friday. joining us now from deutsch bank. good morning, joe. are you still at 250,000 job creation for last month? you don't want to revise it down because of the weak adp? >> no, the adp and the payroll numbers, there's a wide enough gap between the two that if you miss it by 30,000 or so, that's not enough to consider a change. i see no reason why 250 suspect still -- isn't still a good number. >> janet yellen's two left tan innocen -- tenants have been out there suggesting they're itching to raise interest rates. talking about removing considerable time from the language. the fed president saying he's comfortable with rate rises in the middle of next year. do you feel the sands are shifting? >> a little bit. that reflects the fact the market has one price hike next year. the ten-year note was just down at 2.15. it's like a free option for the fed to talk tough given where the market is

. ♪ >>> good morning, welcome back to "squawk on the street" i'm carl quintanilla with simon hobbs, davidrk stock exchange. sara eisen is off today. stock opens up triple digits 112 point, but losing some steam quickly. up 79 points. natural oil, comments from the head of opec, uae saying they're going change their minds on production because oil goes to 60 or 40. west texas, once again, in the red. >>> let's get to the road map. stocks bouncing back but off their highs thanks to corporate deals and a surge in u.s. manufacturing. >>> plus, crunch time for insurers. today's the deadline for obamacare enrollment april look at numbers so far. we'll have an exclusive interview with the coo of james miscapital which houses bill gross. >>> diana olick. >> breaking news on home builders sentiment. >> sentiment down one point in december but remains firmly in positive territory, after a 4-point jump in number. the monthly index fell to 57. anything above 50 is considered positive. right back to where we were last december after going negative for the first half of the year. of the hmi 3 component

i'm carl quintanilla with simon hobbs, david faber at the new york stock exchange. what a morning. at the markets here. dow is up almost 100 points as we get word that the u.s. is going to begin working at normalizing relations with cuba. fed statement this afternoon. cpi came in cool. russia trying to stabilize the ruble for a second day. of course, the big news is about cuba. michelle caruso-cabrera has the latest on that. >> potential watershed moment in the relationship between the u.s. and cuba. we're expecting the president to announce later today a change in the policy toward cuba, a different attitude for sure. and we've already started to see leaks coming out of the administration as to what this change in policy is going to be related to. they said they're actually going to allow individuals to travel back and forth. there will now be tourism allowed to cuba. they're going to begin discussions on normalizing relations and potentially having an embassy there. they're going to allow credit cards to be used there. if you've travelled to cuba, you know you must bring piles an

i'm carl quintanilla with sara eisen and simon hobbs at the new york stock exchange.session of 2014. premarket red after the s&p's 54rd record of the year. case-shiller housing data is out. no relief in oil though. a new 5