"Proactive vigilance" is needed to safeguard the "hard won" solvency of Spain's banking system, and Europe needs to do more to ease Spain's financial woes, the IMF has warned.» Read More
Nasdaq gets an Apple boost, as investors react to Apple earnings. The Dow and S&P are down on the day after the President's State of the Union. Apple surpasses ExxonMobile as the world's most valuable company. Boeing beats estimates but offers weak guidance.
European markets close mostly down over ongoing concerns over a Greek debt deal. Billionaire George Soros says we need to strengthen Italy & Spain. Telecom shares fall after Ericsson misses sales and profit forecasts. German business sentiment rises for the third straight month. Treasury sells $35 billion in 5-year notes at yield of .899 percent.
CNBC's Rick Santelli reacts to President Obama's State of the Union address, and says he was glad to hear President Obama mention natural gas..
The turning point in the Europe crisis was when the ECB made a very American-like step by lending 450 billion euros and providing liquidity to the banking system, says Roger Altman, Evercore Partners.
US stock index futures pointed to a mixed open on Wall Street today as corporate and political leaders began a three day summit in Davos, Switzerland and after US President Barack Obama used his last State of the Union speech to paint himself as the champion of the middle class, by demanding higher taxes for millionaires and tight reins on Wall Street. European shares fell, weighed down by the tech sector after a sharp post-results decline for World No.1 mobile gear maker Ericsson, and as investors worried that Greece may face a disastrous default.
Forecast-busting results from Apple have triggered a bounce in US stock futures and sparked a return to bullish form for global risk assets after a brief hiatus on worries about tortured Greek debt negotiations. However European shares were lower in early trade today, weighed by the tech sector after a sharp post-results decline for Ericsson and a disappointing UK GDP figure. Asian shares rose on Apple's earnings, stabilizing European money markets and falling euro zone debt yields, with investors shifting their focus from Europe to the U.S. Federal Reserve.
Mad Money host Jim Cramer tells investors which five themes to look for in 2012, including; luxury spending; a bottom in the semiconductors; a resurrection of the cloud; Europe as a positive, and the mainstreaming of natural gas as a surface fuel.
The IMF cut its growth outlook for Europe today, warning that the euro zone could enter a mild recession this year. Although the IMF kept its outlook unchanged, it wasn't enough to boost stocks, with CNBC's Sue Herera and Steve Liesman.
Nigel Emmett, JPMorgan Asset Management, discusses how to invest in Europe despite continued volatility and uncertainty.
CNBC's Jackie DeAngelis reports on the lower U.S. open, even as tech and health care try to lead the market back to positive territory. McDonald's, J&J and Dupont announce "decent" earnings reports. And the CBOE's volatility index hovers below 20.
European markets are lower, mostly due to concerns over Greek debt talks. The IMF says a recession in Europe will slow the global economy this year. The IIF's Dallara tells CNBC he remains committed to getting a voluntary agreement on Greek debt. Italian prosecutors raid the offices of ratings agency Fitch. The country is also probing S&P and Moody's over potential market manipulation. With Bank of America's Michelle Meyer and Joe Terranova, Virtus Investments, on housing.
US stock index futures pointed to a lower open on Wall Street as concerns about the European debt crisis continued to weigh on investors' minds. European shares also dipped as Greek PSI talks look set to go back to the drawing board. EU finance ministers on Monday rejected proposals by private bondholders over the extent of the haircut they were willing to accept in order to avoid a Greek default on its debts in March.
US futures point to Wall Street opening down today. European shares also fell this morning as worries about a messy Greek default increased after debt talks stumbled again, while weak results from Siemens and KPN also weighed. Australian shares ended flat after shedding earlier gains on a media report that Portugal may be in need of a second bailout fund to repay 9 billion euros of debt in September. Asian trading was quiet as many markets were closed for Chinese New Year.
Helima Croft, Barclays Capital, discusses the geopolitical implications of the EU's oil embargo on Iranian imports, and the U.S. sanctions on Iran's third largest bank.
Christine Lagarde, managing director at the IMF, says economic growth is slowing in all markets, with CNBC's Maria Bartiromo. "No country is immune," she adds.
The IMF is holding out on a Greece debt deal, with CNBC's Michelle Caruso-Cabrera. "This has been a very slow train wreck," she says. "Everyone has seen this coming."
U.S. markets are mixed as traders keep their eyes on Greece. Halliburton says its revenue will grow faster than oil and gas companies will drill this year. U.S. financials are among the day's best performers. RIM names a new CEO, Thorsten Heins, who was the company's COO.
European shares move higher on Greek talks. French bank stocks jump on news of more long-term borrowing from the ECB. Greece and its creditors are said to be moving close to a debt restructuring deal. Defensive stocks like utilities are laggards on the day. EU states agree to ban on Iranian oil imports. And UK profit earnings rise at the fastest rate in 10 years, according to Ernst & Young. With Fast Money trader Brian Kelly.
The Squawk on the Street news team break down the market moving headlines, including Research in Motion's new CEO, no deal in Greece as the debt swap remains unresolved, and Apache buys privately-held Cordillera Energy Partners for $2.85 billion.
Europe grew their government more rapidly than they grew their economy, says Edward Lazear, Stanford University economics professor, who offers advice for solving debt problems in Europe and U.S.