Considered the sexiest of them all. Varney company is about to begin. Stuart check the big board. Nothing to laugh about. A private joke with kt. The Dow Jones Industrial average down 80 points. Chinese imports down 20 . Not good for the worlds second largest economy. Greece plays hardball with germany. Are they leaving the eurozone . Maybe well get a decision fairly soon. Markets down on all this news. Price of oil is still moving higher. It gained 7 last week. And its now up another 1. 52. You know what that means. Gas prices keep going on. 2. 17 a gallon now. Twelve cents higher than last week. The 1 dollar club, thats the average within a state is below 2 a gallon theres only five members. Far cry from january 26, when the 1 dollar club peaked at 28 states. We do this every day. And we have the cheapest gas in the land. 1. 55 in idaho. Silver country. Come on in with gas buddy. Everyone wants to know this one. Why has gas gone up so far so fast . Whats behind that rise . I hate to
Payment at mcdonalds. We have it all on Varney Company which starts right now. Lets check the big word. Bouncing back right now. They get a report from the manufacturing set their way on stocks. Not that far away from the 7000 mark. Loyola moving higher. The Largest National strike since 1980. Gas Prices Holding Steady. Price of regular up two and a half cents since this time last week. Look at that. 1. 764810 year treasury. Stocks reacting to another negative read on the economy. Aims are certainly better tom. The market is react into what is going on in europe. It is reacting to what i am calling the quantitative easing. Unless we get some type of fiscal reform in the United States i think the market languishes here over the next several months. Europe is firing up their quantitative easing. They have all kinds of problems. They have protesters in spain over the weekend. They want antiausterity. I think that is something that is worrying our market. The strengthening dollar is also w
Price tag. Since i took office we have cut our deficits by about 2 3. That is the fastest period of sustained deficit reduction since after the demobilization at the end of world war ii. So we can afford to make these invests while remaining fiscally responsible. Melissa hmmm. Interesting considering the white house expects it to add 6 trillion to the National Debt over the next decade. Lets bring in todays panel. James freeman wall street journal, todd starnes, fox news radio. John lonski, moodys chief economist. Can we afford this, no problem. Maybe you can afford it today but as you look forward for funding demands with forthcoming retirement of baby boomers pressure being placed on medicare along with us, the unknown costs of the Affordable Care act, never mind the possibility of another recession, no, you can not afford it longer term. Melissa james, i dont even think we can afford it today. Just to be clear, this white house math you need to translate a little. What weve done a g
Get ready for a budget on capitol hill. Varney and company is about to begin. Lets check the big board, triple digit rally underway, beating the dow right now, caterpillar, chevron exxon mobile verizon, it was up 200 earlier, up 136. Energy stocks rising along with oil prices. Here are the drillers, trans ocean, diamond off shore, oil adding to the genes we have been seen, we had gains yesterday, the price of oil is going where is it . 1. 56. Jumping 51. 13. Gas prices fairly steady at 2. 06, up a penny from where we were yesterday. Ten year treasury bouncing back of a little bit treasury yield extremely low, 1. 7 . If this is breaking in the last hour, the Justice Department reaching and your 1 billion settlement, standard and poors of the Mortgage Rate in this mess. Number one former treasury secretary Timothy Geithner nehr said about the s p downgrading u. S. Death, voting the former treasury secretary, he said the snbs conduct will be looked at very carefully. Such behavior will no
Melissa president obama expected to speak in minutes from his cybersecurity summit at stanford. Apple ceo tim cook is one of the headliners. He is at the podium right now. But president obamas other ties with Silicon Valley might be getting a little frayed at edges. Mark zuckerberg, marisa mayer, eric schmidt, larry page all passing on the president s invitation. These were the same folks shelling out maximum contributions to get him elected go years ago. Here to discuss all of it, our very own Charlie Gasparino. Geraldo rivera is here, host of geraldo at large. Dan henninger, deputy wall street journal editorial director. What a panel for friday or any day. What do you think of the folks in Silicon Valley dan, not going to the cybersecurity speech . Sound like they are marking down Barack Obamas capital out there, as something to do with the fcc and Net Neutrality but the cyber speech, i think, on paper, if one might say that in digital age, make as certain amount of sense. But he is