Economy. In china maybe 80 , 100 the size of the american economy, the question is whether they are going to grow 9 , 5 . That is a much bigger question with more consequence to growth in the world, incremental gdp in the world. To make this clear, any time somebody is growing in the world, its good for everybody in the world. Obviously, its great in the country which growth is occurring. That incremental growth results in incremental demand which will draw support exports by other players, as well. Companies are sitting on a lot of cash. What are they doing . They are pursuing buybacks. How are we supposed to think about buybacks . Are they a good thing or bad thing . Or propping up the stock market . People are making decisions incrementally whether its better to invest in returns are better to augment your business. Sometimes its sensible. To take the predicate of your question, i dont think thats all companies are doing. By the way, efficiency sometimes can be the enemy of maximizi
Judge highs, low prices not helping the german economy. It begins with volatility in the market, russia fails to stabilize its currency. We do have it sparking in m a, buy iing towsman. Boeing ups its buyback. Cocacola updating the guidance for 2015. Below 2,000 for the first time. Russias central bank hiking rates 6 1 2 points. That has not stopped the ruble to sliding to record lows. The moscow stock market tumbling, all of this as the fed begins the twoday policy meeting today, which brings up an interesting point. If the discuss today, jim, is about considerable period, does the fed step on the gas here, when we know what that would do to emerging markets . The fed is very data friendly. They look at the things we are looking at. I i think the old fed before bebangie would ignore this stuff and say weve got to think about the next 5 to 10 years. This fed recognizes that the world doesnt work like that. I expect that there will be people who interpret yellen as saying that, look, sh
Alltime closing high. Plus, its cybervandalism, not an act of war, president obama downplaying his comments on that sony hack. Well show you the reaction from the ceo of Sony Pictures. And shares of abbvie getting a big boost in the premarket after the latest salvo in a drug pricing battle. Well explain all of the twists and turns. A holidayshortened week on wall street, stocks in the midst of a threesession winning streak. S p with half percent of its alltime intraday high. Yesterday the Saudi Oil Minister said opec will not cut output, regardless how low prices may fall. He blamed nonopec producers for the slide in crude. Doug saying, yeah, well fee it in some ways but called it a giant economic stimulus. Last week we began to see industrials that reported okay numbers, not great numbers. Percolating. And it was almost as if people are beginning to realizing that Lower Oil Prices provided a stop provided that they stop plummeting provided that they slow down. The tax of opec too high
We scour around looking for something positive. Pretty safe ground when the dow was up. Not so much now. We are above 17,000. The price of gold is not moving much. We are right at 1200 an ounce. Look at the price of oil. Oil is down to 89 a barrel. These price declines are starting together some momentum. Look hard. They say a to handle. I paid 2. 98 on sunday in new jersey. Prodemocracy demonstrations dying down just a little. Officials from hong kongs government has met with the students. No big crack down from beijing as of right now. Next case. Ebola. The nbc cameraman affected with ebola. He is now in the United States. He will be treated in a special Isolation Unit at the nebraska medical center. Thomas eric duncan is the first person to be dyed host with ebola in this country. He is now fighting for his life. I want to get back to that massive hack attack. Nine other unnamed Financial Institutions in addition to jpmorgan have had their personal information stolen. The apple past