Beast. It is not the ultimate direction of the Interest Rates. Its the speed with which they are going eventually to be taken up. We have good news on both fronts today which is why the dow gained 288 points, the s p surged and the nasdaq rocking 2. 12 . What a day for goldilocks. That mythical figure when everything is just going right for the bulls and wrong for the bears. First, les rr deal with the Federal Reserve. We know our economy is Getting Better and better. We can see that from employment numbers and retail sales. Today the fed announced to be patient about raising rates, no hurry at all. That slow deliberate step by step, inch by inch slowly rates may go up one day sent an already upbeat market soaring. Once again, people, especially boisterous fed watchers were totally shocked that the fed decided russia, emerging markets, brazil, all of the scary boogie men could crush this market if we mentioned how concerned and scared we are. Instead they used neutral language but unce
Points. S p up by 11 1. 5 points and the nasdaq up 20 points. You add those two sessions together and you get more than 600 points. Consecutive the 00point gains for the dow, this only happened nine times in its entire history. Granted, were talking about points, not about percentages. Look at that chart. This is something that is 17. 778. Weve got another 150 points. I dont know the i dont know the exact high. The trading sessions left before the end of the year. Or no, thats just before christmas. 0. 4 is what it was yesterday. You could say we were getting excited about 80 or 90point gains. If theyre two and three percentage point swings, then 400point swings. Like we said, to get two back to back days over 600 points or 700 points, you could probably find more. But on point, weve just gotten into this territory. Major indexes have slashed losses by nearly two quarters. Procter gamble, oracle, target. The Global Markets taking a cue from wall street. They were catching up yesterday,
One third of all of the oil travels to the street. Another that no one talks about is the straight that goes to asia. What is the South China Sea double thats about to pop, these are major issues that are going on dalia so what has russia done . It has expanded its relationship and production in the middle east and north africa. For example, israel. The leave it or not i spent a lot of time there and people are shocked when they see that it is natural gas potential to become the world lng exporter. Guess who is all over it, the gas pump. Europe depends on energy and putin has finalized the new Russian Energy which is in china and the rest of asia. This leads us towards the twilight of the dollar. What happens if the petrodollar falls . First of all the cost will be lower than it did appreciate and it will cost higher and Interest Rates will result into the debt will be more expensive to service. Remember todays is more than 100 of the gdp and the poor will decline much further but that
Even with what we heard. I think what the greek government wants and European Partners wants are great Different Things. All sides are so scare of the possibility of a crisis if the greeks were to leave the euro. Theyre willing to do a compromise which is kicking the can farther down the road and not a real compromise, but a short time solution. Betty the greek official says the government should have enough money to get through the week so far. Warren buffett says the new ceo of Berkshire Hathaway must be more than a stock seeker. He spoke in a annual meeting and omaha. He is unlikely to back someone who has expertise only in investing. He also will support someone who has operational experience to succeed him. You might need a scorecard soon to keep track of the falcon president ial candidates. To outsiders are joining the race today. Former hewlettpackard ceo Carly Fiorina is in the running. She made the announcement in an online video that was just released. That she had the mornin
I am guy johnson. And i am francine lacqua. If you have 250,000 for a night out, we are back with the vegas whale who says sin cities most expensive table is worth every penny. Looking forward to that one. Lets begin with our big story of the morning. Shares are on the decline. Europes biggest oil and gas company has warned that Fourth Quarter profit will be significantly lower than recent levels due to a mix of lower than expected production and higherthanexpected costs. N. Joining us is bria thanks for joining us. A surprise, what happened today. It is very unusual for them to put out a statement two weeks before they were supposed to do earnings anyway. They have not done it for over a decade and they had a big scandal. Faceds new ceo has never the press. His first arrest conference will be quite entertaining even what he said this morning. How we gone from a situation where the numbers were cruising along ok, not great, but ok, to this . Has anything changed in the last 17 days . F