Is this the sign of a slowdown in auto sales or maybe just related to the weather . Okay. Well, it was really nice while it lasted. Stocks selling off this hour. The nasdaq the biggest loser, as ty just said after hitting 5,000 yesterday. The dow is currently down by 101 points, which is off its lows of the day. Still down by triple digits. Actually now its down by double. It is seeming to come off those lows as were literally speaking. The nasdaq is down by 36 points and the s p 500 is down by 12. As for oil prices lets take a look at how theyre doing. Over that board. You have wti crude. Its spiking right now by 1. 6 . 50. 38 a barrel. Israeli Prime Minister Benjamin Netanyahu speech on capitol hill certainly is one thing that weve been watching in the crude context as you can see brent is also up much more in percentage terms by 2. 5 . Bertha coombs is at the nasdaq. Mary thompson at the nyse. Dominik at the nasdaq 100 laggards. Youre next. Peggy lee sang the song is that all there
Is this choice between keeping the government open and screwing all those military retirees circumstance is that the right choice . He has a point, outrage after congress forced our country servicemen and women to make another sacrifice. This time, to help country balance the budget, todays deal in washington would cap Retirement Benefits for many by tens of thousands are dollars, retired command or for u. S. Navy, and editor. Joining me now, how are people reacting to this. Well, this is not good news for them. It will cost average enlisted retiree order of 80,000 over their working life, and cost average retired officer about 120,000. This is not viewed as a good deal, as you said, a breach of contract. Gerri i want to give you something representative paul ryan had to say about this, which is, i found surprising, military Retirement Program serves a small minority of the force about 17 . It provides generous benefit with 40 years of pension payment in return for 20 years of service,
Its bullish a positive chief reason the dow rallied. Were back into bad news is good news mode here, and the bad news is that unemployment, well, employment is weak. Employment is getting weaker. Which will send Interest Rates back to levels that encourage all sorts of Economic Activity here. While at the same time driving the dollar lower to a level that benefits our Big International exporters. Meanwhile, inflation is coming down because of all of our newfound oil, making gasoline cheaper. Wow. Lower Interest Rates, lower dollar, lower gasoline, this is the stuff of greatness for the stock market. Let me show you. First, we have lost entirely the bond market equivalent stocks. The stocks that did well because of the dividends when Interest Rates were low. Now rates are in retreat and those stocks are roaring again. Take kimberly clark. The Company Reported a spectacular number. Thank you for coming on the show. Hope to see you soon. And the dividend yield had gotten so outsized that
Morning as the violence in kiev has left at least two dozen dead. The roadmap begins with netflix youd over verizon as the primetime download speeds allegedly slow. And lets make a deal, cigna jewellers agreeing to acquire zale for 21 a share while one wall street firm suggests walmart should pick up Family Dollar. First up netflix has a bone to pick with verizon this morning and its fios service, according to the wall street journal, the average prime time speeds fell 14 last month as netflix is rolling out a new season of house of cards theyve been in dispute with verizon and other broadband providers how much content theyll carry without paying additional fees. It is sort of a story, david, simon, of two companies but with broad ramifications as we see other deals coming down the pike. Without a doubt. We know this is only going one way which is up as Broadband Usage will only continue to increase as more and more people stream. There are statistics that say 30 of the streaming that
Gerri our top story tonight, another obamacare lie exposed. The white house going on the defensive after it was revealed that they knew for years and l. A. Is of americans could not keep their health plans. Despite president obamas repeated assurances to the American Public if they like their plan they could keep it. Here to weigh in, a visiting scholar at the American Enterprise institute and which lowry, editor for the national review. I will start with you. Hundreds of thousands of people. Nyh take a look at these numbers , california, new york, all of the country, florida, losing coverage. We were told not once, not twice, but multiple times that we could keep our Insurance Plans. What happened . It represents an enormous credibility problem for this administration. He said it repeatedly. It is on tape. We are hearing it over and over again on every media outlet. He did not know, you should have. This is a key basic element of the law, creating a federal definition of insurance. Yo