Baghdad. There is new fighting today. Shiite clerics telling their followers to take up arms against the approaching sunnis. This is what religious civil war looks like. Statement American Contractors stuck in iraq are scrambling to get out of the country as fast as they can. We will have their story straight ahead. A new report from the u. S. Government says 96 of the shale in one of the countrys Biggest Research areas is unusable. What will that mean for u. S. Energy policy. As that crisis in iraq grows, lets take a look at where oil is trading now. Brent crude is trading. Up about half a . Bob, youre going first today. How does it feel . Its pretty simple. Essentially down at the open, but we have drifted to the upside, president made some comments just before noon so the s p 500 is on the up side. The other key point is you see the nice move up is the transports. At this time so you see a nice recovery in all the transportation sectors. Another group that continue toss do with is b
And thats what we saw today when the market plummeted soon after the Federal Reserve says it has to keep buying bonds because the economy is still not Strong Enough to generate enough jobs without Interest Rates staying lower than they might otherwise be. The stock markets retreat where the dow gave up 62 points. The s p dropped 4. 9 , and the nasdaq declined. 55 and can clearly be laid right at the feds feet. Thats because until the fed released the downbeat statement crafted after the monthly meeting the average is pretty much even keel and after a moments hesitation the buyers and sellers were in equilibrium. The sellers sell, sell, sell. Overwhelm the market and stocks began to plummet. Detailing and explaining a pattern of stock buying and selling that while totally counterintuitive has become the modus operandi of the days surrounding these fed meetings, and i want to game it with me. First, the stock market acts pretty sanguine in the days leading up to the fed meeting largely b
This program is made possible by contributions to your pbs station from viewers like you. Captioning sponsored by wpbt susie good evening everyone. Sales of new homes fell to an alltime record low in july. Tom, youd have to look back to 1968 to see home sales this low. They plunged 12 last month. Tom and susie, todays news comes on top of yesterdays disappointing report of a big drop in existing home sales. Things are so gloomy that president obama took time out of his vacation to hold a Conference Call with his economic team, focusing on the deteriorating Housing Market. Susie home prices continue to fall as well. The median price of a new home last month was 204,000, almost 5 lower than a year ago, according to the commerce department. Now, prices on existing homes . About 183,000, slightly higher than last summer. Lower prices havent been enough to turn browsers into buyers, and economist dean baker says theres a reason why theyre waiting. People are acting reasonably, given that yo
Back to the floor of the New York Stock Exchange and Nicole Petallides. So far we are on track for our Third Straight session of gains but mecca has been looking good for the bulls. Right now the Dow Jones Industrial average holding on to a gain of just over 67 points. Up 127 points. We have lost some of the earlier gains. We are still seeing the dow up about and a half of 1 percent, and the s p 500 up onethird of 1 . Tech is not doing well. Investors are seeing the nasdaq has moved into the red come into negative territory. Names like intel, microsoft and the hewlettpackard weighing on the del down. Lets take a look at some names that are hitting alltime highs and record highs. It is worth noting, some 52week highs. The dow component, despite obviously the bigger splash. This trace Sales Numbers, best buy in the green, up almost 2 . Some positive comments over the weekend saying that they will do well as obamacare gets rolled out, but there then names like aetna and macys, up 2 . Doll
Pills, riders that are still in legislation, including those that undermine a womans right to comprehensive health care, undermine dodd franks protections for american consumers, including the Consumer Financial protection bureau, and overhauling the fiduciary role which undermines the commitment we have to investors, especially seniors, so that person advising them is operating in their interests. So, these are all rules that, again, are not in the interest of protecting consumer and individual rights that we are fighting. As you all know, saturdays the big day, the 100th day of the Trump Administration, 100 days of broken promises all right, were listening in to the top democrat in the house, nancy pelosi, in her weekly press conference. Were going to have to monitor it for news and bring you news as it comes. But also right now, we are following breaking news. A brandnew investigation has been launched into President Trumps former National Security adviser, Michael Flynn, and his ti