$4.12 in china. when i talk to business executives, manufacturing executives, the fact is that those workers have become very, very productive. and so ford is building a $1.6 billion plant in mexico right now to make small cars because you cannot make small cars in america at our wage rates on a cost effective basis. all right. katty kay, this is obviously a challenge also for great britain. how is great britain facing this brave new reality that s really been hampering all of us in the west for the past 15, 16 years? i think this is the biggest challenge facing western leaders and no one frankly has come up with any good solutions. what do you do about post-manufacturing job growth? what do you do about wages for people still in manufacturing sector. some people in the private sector are looking at it. some people in think tanks are
companies? that would be one george soros. with us now, lou dobbs. so what did he buy this arch coal and peabody energy, two companies today that their stock, arch went up 25% and peabody rose 50%. it s extraordinary. they were like a buck a share. $1.12. down from $90 in 2006. but soros is a global warming these are coal people. these are the enemy, and soros has decided to throw in a little of his money, $2 million is nothing to him, but he bought those stocks, as best we can judge, between april and june and he paid $4.50 a share and he s down 50%.
companies? that would be one george soros. with us now, lou dobbs. so what did he buy this arch coal and peabody energy, two companies today that their stock, arch went up 25% and peabody rose 50%. it s extraordinary. they were like a buck a share. $1.12. down from $90 in 2006. but soros is a global warming these are coal people. these are the enemy, and soros has decided to throw in a little of his money, $2 million is nothing to him, but he bought those stocks, as best we can judge, between april and june and he paid $4.50 a share and he s down 50%.
losses that we re seeing. it s a worry for trades because we haven t seen this type of volatile markets over the course of the past four or five years. reminds a lot of people there are down markets to be had and just one idea what we could see. let me go back to oil for a second. what the low price of oil people see in the united states gas aaa announced 2.19 a gallon. that feels like good news. why does the dow drop. it is good news. good news for the consumer. gasoline prices are about $1.10, $1.12 lower than they were a year ago. that translates in to a huge boom for consumers. they can save a lot of money. that s a short term fix, though. because consumers can do that for a while but what happens when the companies that churn out this oil or have these jobs that pay these people start to maybe feel a little bit of that pressure? does that hurt job growth going forward?
it is an investigation not a recall at this point. gm recalling millions of cars. e-mails were presented showing the switch defect is not just in small cars but in bigger cars as well. senators proposing raising the gas tax $0.12 over two years to fund the highway trust fund. last time gas taxes were raised was back in 1993. amazon has finally announced its fire phone six cameras render 3-d images. they present the user with ways to buy em this. it has a two-year at&t contract. t the s&p had another high yesterday. loren simonet net lauren simonetti thank you very much. up up and away the tsa using