Yeah, look, we saw the market rally and the vibs rally earlier this week. Just a terrible sign the 6 0 the vix the vix is the gauge, supposed to go in opposite direction. And spear downturns. That said, over bought as we are, its actually good. I went back to 1985 when you have periods where you are as overboard as we were, you tend to have 3 corrections and no more so lets have the 3 correction. Lets watch out for the stocks trading. David portnoy, the most important force i believe in the market by gunning the cruise ships and in gunning the airlines oil. At least his cohort was doing so watching the robin hood margin features again, this is wa we have to do. If we think the market is run by people who trade through Goldman Sachs were fools. The people active, the people trading retail, trading cruise, airline. Trading low price oils its fun for them and great. A lot use big margin calls that are coming, but the market became fun now, the reality is, and david, you know this market w
67 billion. We will break down why bigger isnt always better and especially in the tech world. You look back at some of the other tech merge he wishes in the past, i thought of hue let pack err and come back which didnt work out well, that was 18 million and this one is 67 billion and there is a lot of debt involved in that one. Number two in the rankings the evongo come deal. This one does eclipse a lot of these. All your golf eye fish nad dose out to the gary player invitational, talk the business of golf with pros Jason Duffner and natalie golbas one of us is excited about this. Natalie had the great pleasure in the pro a. M. Of playing with dominic chu, i cannot wait to hear her view of doms game. Plus the innovation in the auto sector tnls at pace. A special edition of the spark today with a company that says its product can determine stress and road rage. Are you feeling stressful . See you after the exchange. I cant wait for that. Lets start with oil. Taking a big hit as you saw
through the area. the twisters struck yesterday afternoon in many parts of the state. so many power lines were down that the transportation department shut down 251 until later this morning or later in the morning yesterday. minnesota governors plan to survey the damage today. wild weather but what a delightful day out there, refreshing, cool. yesterday was imagimagnifice day. good morning. at this hour, we ve got a clear sky and comfortable 67 in washington. it s only near 60 in prince georges county, upper 50s northern montgomery county and arlington county and mid-60s in fairfax county. the blue ridge, shenandoah valley, 50s, near 60 at the eastern shore. high pressure moving right over top of us and giving us this clear sky this morning and off into the northeastern sky, very low now is just rising this comet which is not visible to the naked eye, you need to use a telescope to see it. later today, highs reaches mid-80s and turning more humid saturday afternoon to sat
good morning, everyone. welcome to news 4 midday. i m barbara harrison. it is friday, june 18th, 2010. we begin with breaking news from montgomery county where two people have been hit by a car that apparently careened out of control. this is all developing in the 20100 block of frederick road in germantown. elaine reyes joins us live. reporter: let me step out of the way so you can see what happened. this bus depo is completely flattened. there is glass everywhere on the sidewalk. we are told that an adult male and an adult woman in her 60s went to a hospital with life threatening injuries. a witness tells us that the driver of the car that hit that depo was coming down frederick road at a high rate of speed. apparently, several people were at this bus stop waiting for a bus. a man and a woman were the only ones who happened to be injured. police are still trying to figure out how the driver lost control of his car. he did remain on the scene and he did speak with poli
futures around 2:40 p.m. eastern time. a particular hedge fund in chicago putting in several orders at that time and not clear if that was the exact cause of it but heavy selling in the futures was a precipitating future. reg nms has a flaw in it and everyone agrees on that. they ll try to fix that. everyone agrees on that and you ll see that in the next 48 hours. here s the exchanges. nyse and nasdaq today not doing too much. the nyse dropped 10% last week on either side positive or negative here. choppy trading we ve seen today. take a look at the euro. stocks moved up as the euro came off their lows this morn. i m talking about europe and the u.s. sideways on most of the market as the europe has come off the highs. germany, remember, we only have about 25 minutes to go before we close over in europe and sitting not far from the highs of the day as you can see moving sideways since the euro has come off of its highs. commodity stocks in the u.s., tough time of it recently a