Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
If your weekend reading didn't include the New York Times, you may have missed the latest findings from the U.N.'s Intergovernmental Panel on Climate Change. The report received space in newsprint but not nearly enough to equal the weightiness of this important report.
One of my mother's favorite lines is the one about not saying anything if you can't think of something nice to say. Well that was the story of the markets Monday. What a day of angst. Look at this headline from a note sent by MF Global's Andy Brenner Monday afternoon: "The market has traded like a crazed man with no liquidity." Yikes.
Stocks got a good lift on the opening despite a negative forecast from Federal Express that says more about the economy than the company. That move up, driven in part by options expirations, has faded. The energy markets are cooking and oil is rising close to $95 per barrel, ahead of the expiration of the December contract there today.
Vanguard founder John Bogle says there's a good chance the consumer could lead the U.S. into a recession. "I think there's a 75% chance of a recession," Bogle told me this morning. Bogle, the former chairman and founder of Vanguard, is one of those sage market veterans you just want to hear from when the market is unsettled.
Here's what we're focusing on throughout the day: Oil took a dive after inventory data showed an unexpected build in supply. Oil was also moving lower earlier after OPEC cut its demand forecast for the fourth quarter Core CPI for October rose 0.2%, in line with expectations. Oil is lower this morning , following comments earlier this week from the IEA. Inventory data was due at 10:30 a.m.
traders expect to see a fairly merry market clear on through December now that the November jobs report is out of the way.
Stocks market stages unexpected reaction after November Jobs Report comes in stronger than expected.
Names on the move ahead of the open.
The Twenty-First Amendment to the Constitution was ratified on December 5, 1933.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
Sharon Epperson is CNBC's senior commodities and personal finance correspondent.
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.
Lululemon Athletica's lesson in yoga public relations: don't stretch the truth.
The S&P continues to soar, but a Nobel warns of a bubble and 'the smartest guys in the room' get plenty wrong.
Two Colorado court cases say workers can be fired for using medical pot off the job, but the law is unsettled.