Twomonth mark in 2016, the major averages are all down 4 or more. Along the way there have been big ups, bigger downs, and dizzying swings. So two months down, almost. Ten to go. And while no one knows whats next for the market for sure, we can be pretty sure that four of the themes that set the tone in the first two months of bring 16 will persist for the rest of the year. First, oil prices. Stocks and oil. Oil and stocks. Theyve been linked for the most part virtually every day this year. Until theres more clarity on production levels out of opec especially, and more clarity on prices, chances are stock prices will ride the wave of oil until they dont. Meantime, the low oil price and the possibility it could fall more is pressuring u. S. Exploration and Production Companies with high debt. Listen to again capitals john pillgo. Piggy backing on a report from delight that said 75 bankruptcy, restructuring of debt at the least, or out and out windups at the worst. Reporter next, fears o
Brothers on issues and they said terrible things but at the end of the argument it always came down to whether it was the tax bill in 82, the Social Security in 83, northern ireland, tax reform, russia, they always the end up being together. On some issue they found not common ground, they found a deal. Rose tell me about the tip oneill you knew. Three tip oneills, like a lot of people are three people. One is santa claus. He is what everybody thought he was. A big liberal, look out for you if youve got a brother, somebody in trouble, he will be your best friend. Especially youre a poor kid or old sick person. If youre some rich kid from harvard he hasnt got time for you. Second, black irish which is that he resents a lot of people on the other side, resent of people who had it made, i think, and the third guy was the politician. The pure politician. Ive always said the pure coalition between the politician and santa claus ran the show but the other black irish guy was there. He talked
One small insurer is betting on it as it makes a big investment in those new health care exchanges. All that and more tonight on nightly Business Report for thursday, september 26th. Good evening, everyone. Big things sometimes come in small packages. That was the talk on wall street today. Stocks finally broke their fiveday losing streak, but it wasnt the Big Companies that lifted the markets. It was small cap stocks. They have quietly and steadily risen in value, and today the russell 2000 index of Smaller Companies closed at a fresh alltime high. So far, the russell index has surged 27 . Thats a lot more, 10 more, than the gains on the dow average this year. Also giving a boost to the markets today, good news about jobs. Initial jobless claims dipped to a nearly sixyear low. Looking at the closing numbers, the dow added 55 points, the nasdaq rose 26. And the s p 500 index up almost five points. Do they still have room to run . Here to answer that question and more is jay kaplan, Por
Thats the risk of my business. Rose we conclude this evening with golf and the story of jason dufner who won the p. G. A. Championship this past weekend. People dont realize its the best in the world, its the best of the best. Its not the best in your region or your country. Its from the whole world, these are the best at what they do, and you have to be you know, sometimes its 90 guys, sometimes 156, like the p. G. A. You have to beat all of those guys that specific week to get one of them, and i think thats the real challenge in capturing these majors. Rose ackman and dufner when we continue. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose bill ackman is here, c. E. O. Of Pershing Square capital management, the 11 billionplus Investment Fund has been instrumental in turning around some of the worlds most powerful brands. Among them are Proctor Gamble and burger king but he has made controversial investments. He placed a bet ag
Well, the message is clear the president is alive and well. Syrian state television has shown president Bashar Alassad attending prayers to mark the end of ramadan. Residence in the capital confirm there was shelling in the area, and it remains impossible to determine if the footage was taken before or after the attack. The images on Syrian State Television were clearly designed to show that the president remains unharmed and still able to attend a large gathering in damascus. It was his third public appearance in recent days. The rebels said they attacked the president s motorcade while he was on his way to a mosque in the capital, a claim dismissed by assads information minister. Regarding what was said, i confirm to you that, of course, the news is completely untrue. This news just shows the false hopes of some Media Outlets and the governments who are behind them. Assad was not the only one to put in a public appearance. The new head of the Opposition Syrian National Council visite