About even for the quarter. It is in danger of snapping an eightquarter win streak. The final hour of course usually has some accelerated moves so dont go anywhere. Were still positive right now but not by a whole lot. We have seen that the last couple sessions where we hit the lows going out. Something for traders to keep an eye on. Youll want to stay tuned for my exclusive interview with chevrons ceo john watson. He says oil below 50 could be with us for two more years. Youll hear it all coming up in just a few minutes. Prices down rather sharply today. Maybe they heard about that comment. If you thought you could shut it down for the weekend when the bell rings for an hour think again. Fed chair janet yellen not only speaking later but also taking questions. It all starts at the top of the next hour. Well have the news of what she is saying and we will show you the question and answer session live. It could determine stocks for next week. In fact, ahead of all of that treasury yield
Morning. As always, you can join in on the conversation. You can also join us on facebook or send us an email or send us a tweet. This is the headline this morning, front page of the wall street journal we want to focus on the larger issue of transportation infrastructure. Earlier this month the president traveling to the port orleans, saying it is time to spend more money. One in nine of our bridges is rated structurally deficient. More than 40 of the major highways are congested. So is our airspace. Who is sitting on a tarmac wondering right it is you are not taking off and getting aggravated when you buy someplace, heart of the reason is we have the antiquated air Traffic Control system. We need the next or duration air Traffic Control. It would reduce time travel, delays, fuel costs, pollution in the sky. We know how to do it, we just have not done it. That should not be a democratic or republican issue, that is just smart to go ahead and do it. President and his comments earlier t
Affordable housing, but it is sitting on a site that has been under utilized for a generation. And we urge you to move as fast as possible to transfer the site to the Mayors Office of housing so that process of Affordable Housing can be developed as quickly as possible. Thank you. Thank you, sir. Anyone else care to address the board on this . Good afternoon [speaking through spanish interpreter] i just want to thank you for moving forward with this because i am a part of this community and a part of the family that will benefit from this project moving forward, regardless of immigration status. Im happy because many of the families that now are renting spaces within our communities that are uninhabitable will have an opportunity to have a good home. And we hope that we can move forward with this quickly so that in the next year we could Start Building affordable homes. Thank you so much. Thank you very much. Anyone else care to address the board on this . Okay, seeing none, i know dir
See the space safer for pedestrians to get through, for transit riders to navigate, and then also for [speaker not understood] affordable project community at that site. The community has been hard at work the last year envisioning and planning for an Affordable Housing development at that site with the support of the Mayors Office of housing, Community Report was developed and i believe shared with all members of the board. And we know that the mta is not in the business of developing Affordable Housing, but it is sitting on a site that has been under utilized for a generation. And we urge you to move as fast as possible to transfer the site to the Mayors Office of housing so that process of Affordable Housing can be developed as quickly as possible. Thank you. Thank you, sir. Anyone else care to address the board on this . Good afternoon [speaking through spanish interpreter] i just want to thank you for moving forward with this because i am a part of this community and a part of the
Red lines are all about. Live from bloomberg headquarters in new york, this is Market Makers, with Erik Schatzker and Stephanie Ruhle. Good morning. It is thursday in new york city. You are watching Market Makers. I am Erik Schatzker. I am Stephanie Ruhle. After a week and a half, you may not be excited about it. Allquote mariah carey i want for christmas is new got a change the topic very quickly. Got to change the topic very quickly. We have an unbelievable lineup. We are already getting calls saying that joe baratta is on, i want to cancel meetings. Then we will be speaking with Alan Mullally. I will share the interview i had yesterday afternoon. Herbalife. Ing lets not forget about bill gross. Who can forget the bond king . For now, lets get to the newsfeed. It is the top business story from around the world. The u. S. Economy grew faster in the thor quarter than first figures showed. Up from the initial estimate of 2. 8 . The biggest increase in inventory since 1998 is the reason.