What it means is that crude is having a really tough day. You have Oil Producers from saudi arabia, others, really trying to renegotiate a deal to reduce the output, but crude is not getting a lift on that new. Getting a look at the Retail Stocks we were looking at, after the massive route that we had, the Smallest Companies in the s p 500 are retail. Taking a look at the midcap index, macys was removed on the s p 500. 13 other companies within the s p 500 ended last week with him lower market values and so you had Companies Like cap, kohls, nordstrom, capri, haynes, getting hit hard. So if they go, if they follow the precedent set by macys, they could potentially be getting kicked out of the s p 500. Just an incredible move. One of the Big Questions is it the fed would start lending to junkbond Companies Like macys. One thing that you noted a lot in your research is what is systemic, right . Who is providing the jobs and what classifies something as too big to fail, if you will. A lot
designated as employees, the be careful what you ask for situation, if you re an employee and the foundation of that argument is based on the fact that you re getting compensation, then the irs is going to have something to say about that as well. then, of course, you also have the work comp issues that certainly need to be dealt with. sure. i think this is a great first step, but it s far from the end. i think at the very least it gets that conversation going. i have to go to allison who has a bit of a different take. part of your argument is if we go down this road, we ll end up with minor leagues and a system that actually only benefits 1% of athletes. well, not necessarily. i mean, you can define these athletes as student athletes who are also employees. i mean, i actually have been on this side before because as a graduate student, i went through this in between 20002005 because they ruled us as graduate student employees and said we weren t employees anymore. it was actua
you ll get paid or treated right. joining us now is economist allison trager, contributor to reuters where she wrote a piece on this very topic. former nfl running back for the minnesota vikings, robert smith, now a college football analyst for espn. dave ziren, sports editor at the nation and author of game over: how politics has turned the sports world upsoouddoidedo welcome, everyone. it s massive. it s the first crack in the ncaa s cartel. reminds me of an expression, pigs get fat, hogs get slaughtered. the ncaa is getting slaughtered precisely because it s gotten too fat. i was thinking about robert smith s alma mater, ohio state. legendary coach there, woody hayes. last year coaching, roughly 30 years ago. made a $32 base salary. i in 39 of 50 states, the highest
lost is they are compensated in terms of education and actually the inflation on education has gone up way much more than prices. we have to point out these are only one-year scholarships that are renewed on an annual basis at the pleasure of the athletic department. and given the amount of travel and everything robert described, the value of that education is profoundly diminished. yeah. i think that s the conversation we should hold up. allison? i think that s why we should have the conversation more based on how can these kids actually get the education they need and deserve? because the fact is most of them are not going to go pro. and i think this is why this is a good model is because if we just had a minor league, get whatever small nominal pay you get in the minor league and most wouldn t go pro and that s all they d have. this works as a safety net for the kids who don t go pro to actually get a skill set that will pay off way more over their lifetime. robert, brie
on what is effectively the start date for the 2016 republican presidential primary. we ll explore the high stakes political offenses shortly. for the first time since his marathon press conference following the set of bridge-gate revelations, chris christie faced a member of the national press. imagine that. on abc world news tonight to proclaim his innocence. this report says that i had no knowledge of it before it happened. nor did i authorize it. or have anything to do with it. that s the truth. sometimes people do inexplicably stupid things. do you really believe they didn t do it because they thought that s what would please you? if you didn t know about it, that they were going to try to please you? i can t get into what their motivations were except to say that anybody who really knows me would not believe that doing something inexplicably stupid would please me. that new report got into the motivations and we ll get on that in a minute. chris christie s big