Nature with extreme sports. Certainly we have a responsibility to manage for some of these new uses, but as weve seen the activities, it looks like a fire storm. It took off, gained in popularity. Woodruff and its friday, david brooks and e. J. Dionne are here, to analyze the weeks news. Those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Ive been around long enough to recognize the people who are out there owning it. The ones getting involved, staying engaged. They are not afraid to question the path theyre on. Because the one question they never want to ask is, how did i end up here . I started schwab with those people. People who want to take ownership of their investments, like they do in every other aspect of their lives. And with the ongoing support of these institutions this program was made possible by the corporation for public broadcas
Issues important to business . All that and more tonight for the nightly Business Report. Good evening, everyone, oil was the big news on wall street today with another sharp drop in prices. They touched 75 a barrel. Brent crude the International Benchmark fell to a fouryear low. The selloff was sparked by saudi arabias unexpected decision to cut what it charges the u. S. For crude. Theyre now worried that could open the way for more prices to climb as Oil Production is at an all time high, west texas crude was down 1. 59 a barrel close about 77. Jackie deangelis has more on the slide in oil prices as traders wonder how low can it bo . Reporter a blood bath in the crude pit. Traders saying saudi arabias price cuts yesterday were the trigger and the sec nickal seller. Opec was once again lowering prices, not cutting production. The dollar started to strengthen again. We traded through that 79 area. It looks like good resistance now. If next report would be the 74, 95 number. All eyes ar
Or train but Claudine Wong out there this morning, she will tell us how much more it will cost us coming up, it is september 1st, i am pam cook. I know everybody is up with us, having their coffee and they want to know what Steve Paulson hass to say about the forecast and in fact wool bump you up to 08s and 90 degrees. North bay as well, some patchy fog san mateo coast monterey bay after that it is north and for many areas it is clear. That will get drawn up for another system and that will start a cooler trend san jose checks in and they are moving north to south unless you are right by the coast and water temperatures are still by the coast. Here is more from the desk. Pam gave sal the day off. If you do want to go out this morning traffic should be pretty light and we are looking at the bay bridge toll plaza which is where you want to see it, and in the meantime we have one road closure to tell you about this morning. The the change to king street. And we had some photos and large p
Reuters poll. Just seeing a little bit of a march higher. The reason why its important is because it tells us a little bit about the ecbs Bond Buying Program and whether or not that Bond Buying Program and the money in it feeds through to the real economy and the real lending. Thats the big concern. We know it impacted the financial economy when you look at the record low yields. The question is when does it feed through to the real economy. When do we see a boost in lending to small and mid sized businesses that need that capital in order to grow. Im glancing to see whether or not they say anything else but not right now. 0. 1 versus a completely flat one. Its pretty much as anticipated right . Interesting to see the euro dollar trade at session highs. Looks like there could be other factors at play heading into that too. Also we have a lot of earnings out and we have the twoday fed meeting too. Thats the big driver where we should be hearing more later on today about what they have t
In perhaps, germany and spain, some more muted declines. U. S. Equity futures are looking a little bit better this morning. At this point, the dow futures are up by about 46 points above fair value. But i dont think how much faith you put in these implied opens at this point. What is indicated now is not necessarily how the day ends up, but it is certainly something to watch and see. The fed did decide to trim bond purchases. It was the Central Banks first unanimous vote on policy since june 2011. The fed made no reference to the selloff in emerging markets. They didnt talk about that, they didnt mention the cold weather. But the fed stood pat and this is an enormonormous decision. Joe, you are looking righter and righter on that call. And im not happy about it. I dont want the globe to slowdown. No, no, no. I just did the math. 75 divided by 1850. Were at the s p were at 1774. So its down from 1850. So 7. 5 divided by 1850 is exactly 4 . When you put it in those terms, a decline of 4