Im Stephanie Ruhle. Erik schatzker is off today. Bill cullen is joining me today. Bill cullen is joining me today. I wanted to be similar to santa claus. We are breaking news on the housing market. Olivia sterns is in the newsroom with headlines. The numbers look like u. S. November home sales fell by economist we surveyed were looking for new home sales to rise by about 4. 4 . This is a big disappointment. Thirdquarter gdp showing 5 growth in the american economy. Add to that the disappointing herbal goods orders and durable goods orders. U. S. Consumer spending rose by 6 10 of 1 . Incomes rose by 4 10 of 1 . Those numbers were in line with estimates. The takeaway is that new home sales in a month over month basis for the month of november fell point fell to 1. 4 . I do not think we will see too much of a market hiccup. Thank you for giving us the latest. We have hit a new milestone on the dow, 18,000. It is up a little less than half of 1 after the gdp report earlier this morning tha
Too slowly. It is an issue in japan, too. The yield on the japanese fiveyear bond has now fallen to 0 , matching germany. A sign the labor market is tightening up. Aetna is raising debatesemploys by as much as 16 an hour. The Insurance Company will cover marker health care costs. The Unemployment Rate has fallen to 5. 6 , making it tougher for employers to retain workers. The Obama Administration admits we blew it. The white house says it was a mistake not to send a highlevel representative to the march sunday in paris. Leaders from u. K. , germany, and israel were among those attending the rally for the victims of the terror attack. The highestranking u. S. Official there was the ambassador to france. Charlie hebdo will print 3 million copies of a special issue this week. The magazine will come out tomorrow, a week after the attack that left 12 people dead. What a debate this morning. The New York Times and bloomberg not doing it, but others are doing it. It is interesting, they put i
You are watching Market Makers on bloomberg television. I am Erik Schatzker. Ceo day. Brooks brothers is kind of an old dog. Here is the key. I took my dad shopping at Brooks Brothers a couple of months ago. Really . The new dockers. Kind of. I hope it is better than that. Lets take you to the top Global Business stories. The price of oil took another dive. This time, west texas intermediate felt 4 . Hello 45 before rebounding slightly. There may be pressure on prices tomorrow. A government report expected to show that u. S. Oil stockpiles have officially increased. A warning in greece about elections. The government says greece could stumble out of the euro by accident if the opposition syrz iza party wins. If the opposition wins because they do not have the knowledge and experience they have certain ideas of their own i think it is prudent for them to ask for an extension. It will give them some time to manage the negotiations and close the review. The greek election is this coming j
Objection. The Labor International union. Objection. Boilermakers, black smiths objection. And something a lot of us belong to, the American Association of retired person. Objection. Who say the following, in their third paragraph. The lengthy and complex proposal has not been introduced. This letter was written on the third of december. The legislation has not been considered by a committee or subject to a hearing and the language has not been reviewed by members of congress and the public and those retirees who will be affected have had no opportunity to consider the impact of this legislation. Yet, the proposal may be atta attached to the fiscal year 2015 omnibus and enacted without further scrutiny. That was written on the third of december. I know they are not pres yent, so they were tracking, as others do, the progress of the legislation. I didnt include the Pension Rights Center and i ask their letter be included as well, mr. Chairman. The machinist put up a picture that everyon
Knowing whether they have been limited on what actions might or may not be available. The president has made it clear it is not his policy. I have never seen anybody more adamant about that and more clear in every statement he has made. They were all quoted. He has reiterated it. But that doesnt mean that you want to take away what might be conceivably necessary the president is absolutely clear about his policy. President s the decision to use force and thank you to this committee for voting and having made clear that congress was moving in that direction guess what . Instead of one or two days of bombing, in order to send a message that you shouldnt use these, we got a deal with russia to get 100 of the weapons out. That is because you didnt limited. Didnt limit it. That was another moment where for the first time in history during a conflict we removed all known declared chemical weapons from a country, and believe me thank god we did. Today, isolate is in their controlling half the