And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back approximately 10 Million Barrels and maybe substantially more, which if it happens will be great for the oil and gas industry. The markets are rallying on this, because low oil prices are good for consumers and businesses that use oil. Statement, you dont want the price to be so low that the shale producers go out of business. That the Oil Producers have a hard time, staying, conducting, keeping things going. So prices spiking today, more than 20 is a positive sign that it is all moving in the right
Our road map this morning begins with the market moving on comments from trump on pharma, defense, automakers, what the News Conference meant for investors. Plus, trumps ally in the valley, peter thiel on the president elect with comments on apple and the stock market as well. Speaking of apple, new report the company is planning a significant move into original content. We will fill you in. First up though, futures moving lower a day after the nasdaq hit that record high. It was a rough day for biotech after shot heard around the pharma world delivered by the president elect at his News Conference yesterday. Our drug industry has been disastrous. Theyre leaving left and right. They supply our drugs, but they dont make them here. Theyre getting away with murder. Pharma, pharma has a lot of lobbyis lobbyists, a lot of lobbyists and a lot of power. Theres very little bidding on drugs. Were the largest buyer of drugs in the world and yet we dont bid properly. Were going to start bidding a
Victims are at the hospital. The woman is expected to be released as late as tonight or tomorrow morning. As for Andrew Schmuhl and his wife, theyre in jail. A judge denied bond. So alicia schmuhl is still in jail. And well bring you an update at 6 00. Coming up at 6 00, we will let you know what police found in Andrew Schmuhls car during the arrest. In mclean, im shomari stone, news4. Now to a weather system bringing a winter blast to twothirds of the country. Its impacting our weather tonight. And part of that system led to an unusual phenomenon to our west. Youre hearing it. Thundersnow hit a cleveland suburb just off of lake erie. That area still under a lakeeffect snow advisory. When its all said and done, they could see up to 10 inches fa fall. Union station line. Wind chills will drop into the 20s tonight, folks. Chief meteorologist Doug Kammerer is in the storm center with the word. Doug . Yeah, wind chills in the 20s already there in parts of the suburbs. And thats the way its
Recently filed alicia smole and prosecutors say the attack that included hours of torture was payback. The smoles reportedly fled when fishers wife pulled a panic alarm and that action probably saved their lives. Thank god theyre alive and im going to go over and see the male victim this afternoon. Were just glad theyre alive. The Prosecutor Says andrew smole fired a gun toward fishers wife but missed. The smoles were finally arrested after a 4mile police chase. Police say andrew smole was found nearly naked in the vehicle dressed in only a blood covered diaper. Alicia smoles bond request was denied. This has been an extremely anxious day for a carrollton, maryland family, the wife and two sons of a doctor who is now sick with ebola. Salia is expected to be evacuated to the u. S. Tomorrow and scott broom visited his family earlier today. Reporter the salia family has been in touch with the u. S. Centers for Disease Control throughout the day. They have been told the doctor will be mede
Articles about how the twitter deal signaled the end of the bull run. Today, dow up. Nasdaq advanced. 01 . We saw the quintessential top calling piece on the front page of the wall street journal this morning. Stocks regain appeal. Investors return to stocks which could be bad. Bad. Put aside for a moment the hilarity of the could be bad sub head. Bad for what . For individuals . The bulls, bear, eagles, country . For now lets focus on what i call the time honoredness of the could be bad exercise. First, it is true. Market had a 24 advance this year. Stock market has been a good place to put your money since the bottom in march of 2009. Second, individual investors are definitely more interested in stocks. As the article points out, 76 billion put in stocks versus the dollars pulled out. Im not oblivious to the steaming hot nature of twitter. As i said last all week, everyone has the right to overpay as long as they accept consequences including the responsibility something could go wr