In 2015 on a separate payment that will not be paid. However, the vast majority of the more than 700 million that the island owes on monday by midnight on the 4th will be paid, including importantly the general Obligation Bonds that amount to about 330odd million dollars. Widely held by many mutual funds, Something Like 45 of mutual funds that invest in munis around the u. S. , melissa and brian, are exposed to some of that paper. And thats why were following the story. Kate, thanks so much. Well keep you posted on whats going on in puerto rico. This is power lunch. Im melissa lee along with brian sullivan. Oil is getting knocked around today, no surprise. In the last six months, crude is down almost 40 . What a tumble. Also, natural gas, did the nat gas trade just run out of energy . Its had a huge week but it is down again today. What is going on, melissa . And a year ago brian made some pretty brave and bold predictions about 2015. Today we will show you what he got right, what he g
Morning. But those are pretty incredible images. Among our top business headlines were watching oil prices this morning. Crude down sharply after yesterdays gains of nearly 3 . We havent quite wiped out that gain but its still going to be driving the market today. Crude down about 2. 5 . Brent down close to 2 . Brent is slightly higher than crude but weve seen those levels reversing themselves. The move came after an unexpected rise in inventories reported by the American Petroleum institute. Well get the weekly report on inventories later this morning. As you know by now that can be market moving and city Energy Analyst telling cnbc that prices face further down side risk in the first half of 2016. That call based on expectations that opec will continue to try to pump the competition out of business. And thats what opec has been trying to do all along. The bidding war for pep boys appears to be over. Bridgestone saying it will not counter mondays offer from carl icahn. Offering to buy
First year in pot, and an examination of the winners and losers on weed floridas track stars back but suffering. The big surprise who most wants to bring their race to a halt the very people that run the tracks. We are legally obliged to keep a business operating that losses 2. 5 million a year. Sheila macvicar investigates why the dogs are still on the run and the price we pay gun violence when the victims survive, a heavy cost passed along to all of us. Its not uncommon for us to have a patient with a total hospital bill for hospitalisation of over 1 million. In one of the nations most violent cities. Sara hoy exposed the cost of a gunshot tonight, the price chicago pays with every bull e good evening, thank you for joining us. The grand experiment that colorado began, a year ago, is seeing plenty of Rocky Mountain high and reasons for concern. America tonight began a focus on colorado after it legalized pot for Recreational Use since january. Over the past year new businesses celebr
First year in pot, and an examination of the winners and losers on weed floridas track stars back, but suffering. The big surprise who most wants to bring their race to a halt the very people that run the tracks. We are legally obliged to keep a business operating that losses 2. 5 million a year. Sheila macvicar investigates why the dogs are still on the run and the price we pay gun violence when the victims survive, a heavy cost passed along to all of us. Its not uncommon for us to have a patient with a total hospital bill for hospitalisation of over 1 million. In one of the nations most violent cities. Sara hoy exposed the cost of a gunshot tonight, the price chicago pays with every bull e good evening, thank you for joining us. The grand experiment that colorado began, a year ago, is seeing plenty of Rocky Mountain high, and reasons for concern. America tonight began a focus on colorado, after it legalized pot for Recreational Use since january. Over the past year new businesses cel
First year in pot, and an examination of the winners and losers on weed floridas track stars back, but suffering. The big surprise who most wants to bring their race to a halt the very people that run the tracks. We are legally obliged to keep a business operating that losses 2. 5 million a year. Sheila macvicar investigates why the dogs are still on the run and the price we pay gun violence when the victims survive, a heavy cost passed along to all of us. Its not uncommon for us to have a patient with a total hospital bill for hospitalisation of over 1 million. In one of the nations most violent cities. Sara hoy exposed the cost of a gunshot tonight, the price chicago pays with every bull e good evening, thank you for joining us. The grand experiment that colorado began, a year ago, is seeing plenty of Rocky Mountain high, and reasons for concern. America tonight began a focus on colorado, after it legalized pot for Recreational Use since january. Over the past year new businesses cel