Exxonmobil and t. Boon pickens. Jcpenney getting a big downgrade. And more optimism for apple. Another analyst ups the price target. First up, one day after the dow closed at record highs, the private sector added 208,000 jobs last month. That was a bit below street forecast. Meantime, Oil Prices Rising slightly this morning but down almost 35 from six months ago. Last night on mad money, Oil Tycoon Boone Pickens says he expects crude to return to 100 a barrel. Take a listen. Weve increased production, a Million Barrels a year for the last three years. And that is remarkable. No place else in the world has that happened. So consequently, i think youre probably going to see opec do something in the First Quarter of next year as far as cutting production. But im not so sure how much they have to cut to get to where i said you would be in 12 to 18 months. Youll be back at 100 a barrel. Fascinating. There is a school of thought that when production responds, you will overshoot the opposite
And i certainly have a feeling that a lot of those debates will transition to something slightly less controversial. The full interview straight ahead. So you dont read runway . No. Before today you never heard of me. No. You have no style or sense of fashion. I think that depends on what your no, no, that wasnt a question. The devils diplomacy. Vogue editor anna wintour, u. S. Ambassador . Maybe. Newsroom starts now. Good morning. Thank you so much for joining me. Im carol costello. This morning iran is bragging. It claims it capture d an american drone. The u. S. Is denying it. Iran has made that drone a star on state tv. According to irans staterun news agency, the drone was captured immediately after entering iranian air space. The drone, now being shown on iranian television. On tv behind the aircraft is a map of the persian gulf with the words, quote we shall trample on the u. S. The United States says all of its drones in the middle east have been accounted for. The drone iran s
We have details on chinese advocates overwhelming the u. S. Immigrant program. Basis, andystate the overseas trip t. Talk to us about the trip. He was in saudi arabia, the president was. He spent most of the week in europe, talking about russia and ukraine. Going to saytually he accomplished, and isnt enough to change russia possibly never . The president set out to really rally western nato allies and Nuclear Power alleys on this. Everyone seemed to be on the same page of being tough on russia, the sanctions are not resolved and all. Focus a little bit on energy independence. However, there are still tens of thousands of Russian Troops along the border guard and the s goal of having them step back was not accomplished great what was the most important publishing that of the trip . The two most of our things were not about russia. One was hitting the 6 million enrollment figure on the Affordable Care act which was a big domestic accomplishment for the president. The second one was his
Magical turn is happening . If you want any of those like i have i think it will be obvious the turn is at hand and it could be a huge one. So big that it might actual bli the major reason why the internationally oriented stocks dont come in. Why the s p is hitting a high. Dow up two points. Nasdaq climbing. 36 . Because these stocks arent going to come in. The evidence is that compelling. Even as the conventional media keeps missing this huge swing and how disappointing the earnings have been so far. Complainers. Do homework for heavens sake. This is the real deal. Mad money viewers will be way ahead of the game on this story. Some people are skeptical about europe. They were doing the wrong thing. Raising Interest Rates twice, except for when it comes to uneconomic Renewable Energy and yes, european earnings from mcdonalds this morning were disappointing as were the american numbers although after listening to mad money friday, the cfo, i wonder if the issues at mcdonalds, maybe its
This is like kind of a more expensive pump so im not even filling up my tank. Im going to stop it right now. Im guilty of doing that i few times. Yeah, recently. That was Audrey Barnes reporting. We still have plenty ahead. More weather, traffic and all your top stories. Fox 5 morning news continues right now. It is 5 00 right now on this monday, february 18th, 2013. Taking a live look right now over at Reagan National airport. Winds are still a little bit high. Not quite as bad as yesterday. You will feetle cold out there this morning. Good morning. Im Sarah Simmons im wisdom martin. Welcome to fox 5 morning news. Time now to talk to tucker barnes. It is cold outside. No doubt about it. Temperatures in the teens and low 20s. A cold start to your day. Wind wont be nearly as bad. Right now, about five to 10. There is still a wind chill i saw a trash can doing the rolling down the street thing yesterday. That is how strong the winds were. It is 24 at Reagan National. 20 at bwi marshall a