Change or make the japanese find another way to grow other than just dump their cars on us. Yeah, weve come to accept that the rest of the world is relying on the u. S. To help them and we dont like it. Its too hard. And that reaction led to a wholesale selling of american stocks today which is how the dow tumbled 252 points s p fell 1. 3 nasdaq declined 1. 03 . Hideous. Yep. You know what, its become a zero sum game. We know that other countries are going to keep weakening their currencies, and were going to get earnings from those countries that arent as great as they were. Because our Companies Report in dollars, not yen or euros or rials. And while i always plead with you its a market of stocks not just some giant asset class, my pleas have fallen on the deaf ears of hedge fund managers, that dont trifle with individual companies. They just accept the dollar is going up and going up so much that its per se bad for all american stocks even those who it actually isnt bad for. So the
Threat. We were off about 160 points. You could see opening down under pressure. Stocks down. It seems like they are now trading in direct correlation with oil. We just added inventory numbers. Inventory went up 1. 5 billion barrels. This hour we have mary kissel from the wall street journal. We talk about the benefits. There are some things to be worried about when oil starts to crash. You remember when you said you cannot just drill out our way to lower gas prices. There are no quick fixes or silver bullets. I am seeing a lot of upside from this, charles. It was associated with massive pullbacks. This is different this time. The way america produces its oil and gas. This is a technological step up. This is something that will happen over a period of years. I am not saying that we will not see the price go back up, you will see that play out over a period of years. Charles i got a report. It went down month over month. Pulling back a little bit on this drilling miracle. This is where
Michael moore insults snipers and jesus once again. This guy is irrelevant. It is a blizzard of 15 that has grabbed our attention. Varney and company is about to begin. Stuart you can see the effects already of the approaching lizard. You look comfortable. Spell out the disruption. We are at the total mercy of Mother Nature. We are looking at 2000 Flight Cancellations just today alone. The three airports with the most. Here in washington, it is mostly raining. It has been most of the morning. We are only expecting to4 inches here of slushy mess. The new york city airports. White plains boston, port name, all going to be severely affected. Delta has canceled or than 600 flights today because of the weather. We issued a waiver today. They are encouraging their passengers to log onto twitter to find out the latest. [laughter] stuart that was a lot of fun there. Thanks a lot. We will see you soon. Extreme leftist sweeps the power and grace. It is bad for the euro. It is good for the dollar
Japan crawls out of recession with growth slower than expected. How convincing is japans exit from recession . A lot of economists saying that this is a disappointing figure and yet it shows a slight improvement. It shows a slight improvement, but in many ways, what this number is about is the evils of raising taxes in a deflationary environment. Most economists would agree that raising sale taxes in april of last year was a poorly timed move. In many ways, consumer demand has never quite recovered. When you look at the enthusiasm toward abenomics, you dont see a lot of it here in japan. A lot of it is investors overseas who are looking at the different plans the Prime Minister has put together. When you talk to households here, Corporate Executives there is a lot of concern about economic headwinds that are increasing, not decreasing. In many ways, this economic number is not terrible news, but it is a reminder that japan is limping out of recession at best. How much progress are we s
Keep the euro intact before heading to brussels, telling german lawmakers if the euro fails, europe fails. In switzerland, Swiss National Bank President Thomas Jordan pledging to keep Interest Rates low. He also promised continued intervention to keep switzerland from deflation. In a very shortterm we have to accept inflation is below zero, negative. That will change. We expect inflation will be back in positive territory early 2017. Cory jordan says the swiss franc remains significantly overvalued. Google and intel are teaming up with tag heuer to develop a smart watch. The watch will be unveiled sometime this fall. Here is the tag heuer ceo at basel world, the worlds biggest watch and jewelry trade fair. We announce a huge partnership. Silicon valley has met switzerland. By doing a partnership with the two giants from Silicon Valley google and intel, google and intel will partner together in order to make the next tag heuer connected watch. Cory other swiss watchmakers are adding dig