Along with the slide. Crude fell today its lowest close in nearly seven years and way off the peak of 108 a bar 8 8 barrel in june. The Dow Jones Industrial average fell 117 points to 17,730. The nasdaq was off 40 points and the s p 500 sank 14. Natural gas prices are falling, as well. That commodity was off more than 5 settling at the lowest level since october and down about 28 this year. We have a closer look at the Falling Energy prices and what they mean for you, the consumer. Its the gift that keeps on giving and just in time. Low energy prices. Crude oil trading under 40 a barrel. Natural gas just around 2. 10 both down over 10 over the last month thmpt crash after opec said it is not cutting outputs. It means more oil in a world already awash in it. I would say about 36. 5 is about where we can probably bottom out here. I have no idea if it will go lower. I am looking at moving averages. That seems about as much as you can get near term. As expected the focus is on retail gas p
Along with the slide. Crude fell today its lowest close in nearly seven years and way off the peak of 108 a bar 8 8 barrel in june. The Dow Jones Industrial average fell 117 points to 17,730. The nasdaq was off 40 points and the s p 500 sank 14. Natural gas prices are falling, as well. That commodity was off more than 5 settling at the lowest level since october and down about 28 this year. We have a closer look at the Falling Energy prices and what they mean for you, the consumer. Its the gift that keeps on giving and just in time. Low energy prices. Crude oil trading under 40 a barrel. Natural gas just around 2. 10 both down over 10 over the last month thmpt crash after opec said it is not cutting outputs. It means more oil in a world already awash in it. I would say about 36. 5 is about where we can probably bottom out here. I have no idea if it will go lower. I am looking at moving averages. That seems about as much as you can get near term. As expected the focus is on retail gas p
Check the big board right now. The dow is off from its lows from earlier. Voting down the Gold Standard over the weekend. Oil is still near a fouryear low. Touching 63 earlier. There is a bounce in oil today. Gas still dropping about a penny per day. 2. 76. Lets bring in eric boling. He knows a thing or two about the oil market. It looks like the saudis are taking direct aim. Is that true . Yes. Yes. They want to come off and think we will not cut production. Reducing about 90 billion barrels a day. They will not cut production because they want to give the u. S. Economy a boost. They are our friends. That has nothing to do with what this is about. How quickly can we scale back production to meet the decline . Maybe not the demand we were expecting going forward. If they can keep the prices low we had a five year low. They were down maybe 40 . As long as the saudis opec said they will not cut production. I was on about a month and a half ago. Maybe 70 will not be the floor. Over the co
A young lady at the Washington Post telling dads to maybe just hang on a second. In the meantime we begin with news on apple. The company experiencing a major server outage. Josh lipton has that story for us live from san jose. Josh, just how widespread is this . Mandy, if you are having trouble buying songs on the itunes store, then you are not alone. According to apples website, customers may be unable to make purchases from the app store, itunes store, i books store and mac app store. The problem the tech giant is experiencing major server outages. The cause at this time is not clear. What is clear is that apple is losing money. Remember, the itunes store generates a lot of cash for apple, and its last reported quarter apple says total reports of media and software from itunes clocked in at 2. 6 billion, and its not just United States. A customer in the u. K. Posted this picture of an oldfashioned credit card imprinter. We have reached out to apple, and were going to keep you posted
Gerri what a pain in the asphalt. After the terrible weather over the past couple weeks drivers all over the country are getting hit with huge bills because of potholes. Lets get an idea how bad bad situation is. With us, will, wilkins from the group trip, which follows this sort of thing. Great to have you here. I think i hit everyone of new york citys 60,000 potholes this morning. I have never seen roads in such bad condition. Are they really worse this winter . Well we dont know what the actual condition is right now but i can tell you that the freezethaw cycles taking place on payments throughout the northeast and even the midatlantic region is causing a bumper crop of potholes this season. Gerri bumper crop is the right phrase, let me tell you. I thought i would get in some of them they were so deep. Your organization has done a study of the cost motorists face because of potholes and its huge. Look at this list. Long beach, california, leads the way, 832 bucks per year for driver