This is where we stand with about an hour to go left in trading. The dow is up by 1. 1 but it had been down by as much as 195 points. Take a look at the dow intraday right now. You can see the volatility that has been happening over the course of today. We fell down 195 points. Only toed the flat line rise right now. Oil has been rising in tandem. More than 500 million barrels. You would think that oil would be falling. This is really puzzling. There is also talked that there might be some currency impacts that are affecting crude right now. This is down the most in seven years against other major currencies. New data showed the service industries. Betty indeed, the service is so big in our economy. The nasdaq is the laggard here among the averages. Part of ato do in cutting thehey are pc estimates for all of 2016. They said there would be a contraction year. They were revising that. Some of the impact is happening here. Hp down the most by 2. 2 . New products, in convertible products,
For the new world . We love the canadians and rbc has been great. Intell me what is going on the u. S. Particularly with the stock market. We had this great run and everybody is concerned we are down about two percent year to date, which is really just noise. The real story is that corporate rockets are coming in really strongly during earnings season, the beats are coming in about 2. 5 , and it is all on the margin line, and that is a real surprise for people. I think it is actually a very bullish call or a list signal that profits are up. We have two Big Companies reporting, procter and gamble 121 versus 120, you had kimberlyclark coming up, they beat analysts estimates. But as he said, sales lower, profit higher, what do you think . Expansion of multiple that will lead this market higher . This year in a 2014 will be very different than last year. It is the earnings story that will come through. When a lot of who have been concerned about is the budget, they cannot go any higher, co