Trading. Check it out, 40. 21. The last time you saw prices like this it was 2009. March of 2009. We were in the midst of the financial crisis. It was a lack of demand. This time around its not just a lack of demand for slowing economies like china but also massive amounts of supply. Well talk a lot more about whats happening to wti but right now barely holding on at 40 dh 40 dhr 40. 21. The shanghai composite closing down by more than 3 and in europe greece making a 3. 5 million payment to the ecb on a maturing government bond. Athens using money from the latest bailout. Back here in the states a few economic report of note, weekly jobless claims at 8 30 a. M. Eastern time and then at 10 00 existing home sales. We got a couple of other big stories in focus right now. Of course the fed is on our mine. Yesterdays release of the minutes from the last fomc meeting raising a number of questions about the timing of a possible rate hike. Its the question we talk about virtually every day and
Than 3 in the month of july. Nasdaq is at 13year high. Up 5 and in that time, what happened to june in the june swoon came and went. Remember when bernanke calmed investor fears about economic stimulus tapering plan. Coming up, we will hear from one big bertha says all of the feds moves will end up back firing on this market. Oh, harry, harry, harry. Lets see where we stand right now. The stocks this morning are like race horses at the starting gate. Just itching to get out of that starting gate. They took off this morning. Up 60 plus on the open. Then side ways. Then just in the last half hour, another move higher. Dow is up 175 at its peak about 15 minutes ago. Just off that with a gain of 163 with 15,455. Nasdaq is up 53 point for levels we havent seen since october of 2000. So 12 1 2 year high. If you want to put it that way. Saip in record territory. Above 1669. Up 21 point. We got technology, economically sensitive, after a the june swoon down, s p 500 less than an hour from a ne
at 2:30 p.m. you can t miss complete coverage right here on cnbc. and guys, this is definitely the story of the week for the markets. really of the month. but i want to get to the story of the day or maybe the year. can i give you the story of the year? please do. here it is. president obama in an interview do you know about this? oh, i do. this is great. in an interview this week said he might be looking for a replacement for ben bernanke. the president was speaking on pbs to charlie rose. listen to this. well, i think ben bernanke s done an outstanding job. ben bernanke s a little bit like bob muller, the head of the fbi, where he s already stayed a lot longer than he wanted or he was supposed to. when he was asked whether he would reappoint bernanke if the fed chief wanted to keep the job, obama did not answer the question directly and bernanke s second term as chairman expires at the end of january. this has been the guess game. this has been part of