The green. We had Economic Data that beat estimates. In some cases, we saw consumer inflation rising of the biggest backtoback pace since the spring, giving more material to those who think the fed will raise rates in december, and perhaps that the economy is on better footing for a to do so. If you look at an intraday chart of the s p 500, we see quite a lot of volatility. Stocks are climbing to the highs of the session around 11 30 a. M. , and then taken a couple of legs down and up throughout the day. We have had some headlines about events around the world that, if not directly linked to the attacks in paris, at least there is, perhaps, a perception in the minds of and that investors that could be a link. There is a little bit of trepidation been expressed in the markets today. Look at treasuries as well. There has been quite a bit of selling of treasuries on the Economic Data, and now there appears to be some buying of treasuries that has led yields to be unchanged. A couple of re
Terrorists. Thats from britains science chief as he slams u. S. Tech company for turning a blind eye to misuse of their services. And u. S. Voters head to the polls today with the key Midterm Elections deciding which Party Controls congress and whether there will be two more years of political gridlock in washington. Youre watching Worldwide Exchange, bringing you Business News from around the globe. And we have to kick off with our top story, which is oil today. Of course, its down 27 since it peaked in 2014. June and down over 10 since the start of october, down 1. 6 , as you can see so far today. Really, quite an astonishing move yesterday. In fact, it was up at the start of day when the saudis announced they were going to be increasing the price to the far east and then they announced they would be cutting to price to the u. S. Seeing a sharp selloff as we went through the course of the day. Even though i think theres a bit of complacency in the longterm oil price, in the shortterm
Equity funds. Now we want to know, would you put your money to work in potrelated businesses . And youre going to love this story. We get the brutal truth from pepsi ceoindra nuie. This is the true story about how she told her mother about a huge promotion at pepsi. Listen. Let me explain something to you. You might be president of pepsi pepsico. When you enter this house youre the wife, daughter, daughterinlaw, youre all that. Nobody else can take that place. Leave that damn crown in the garage. Leave the damn crown out. It gets better. More brutal truth from pepsis ceo coming up later. Tyner is out but susan is at the big board. Absolutely, bill. So good to see you. The dow is 25 points from 17,000. Year to date the dow is swaggered really. Its up 2. 3 . The s p and nasdaq up almost 7 . Theres another big story. Tenyear note. Take a look at the yield which crests above 2. 60 earlier this morning which caused a little bit of a pull back in stocks early on. Now were at 2. 625 . Seema m
Now neighbors are being encouraged to snitch on each other for using too much water, and theyre doing it with a new app. We want you to weigh in on this one. Would you snitch on your neighbor if you caught him or her using too much water . Go to cnbc. Com vote. Sue is here in the house. I am. Were going to begin with housing. Home ownership is at a decadelow second quarter, and its young people who are out of the market. What does is it mean for the broader recovery as well . Diana olick knows. Home ownership just keeps falling and younger americans are clearly behind the drop. Take a look. The rate now is at 64 a 19year, it reached a high of over 69 back in 2004, but add to that the fact that nearly 1 million homes still have delinquent mortgages or already in the foreclosure process. The real Home Ownership rate is even lower. We know firsttime home buyers are less than a third of todays home buying market. The median age of a firsttime buyer was 31 over a decade ago, but a new surve
Its the story that soukds so ridiculous it may as well be a hollywood blockbuster. Sony has canceled the scheduled christmas release of the interview. A comedy about the assassination of north koreas leader. It is the latest of the hack that will not end. It began with a barrage of exposed emails, each feature big names and bigger embarrassments for sony executives. No one spared, seemingly. But recently the story took a far more threatening tone. The hackers threatened to kill people who go to the movie. Now the u. S. Government is involved setting in motion a bizarre diplomatic showdown, but sony is just the latest example of a truly troubling trend. An nbc news pole found that a shockley high 45 of americans say they or a Family Member have been notified that their credit card information might have been stolen as part of a data breach. But back to north koreas attack. The sony hack is focusing the public attention on this. John mccain today blamed the Obama Administration for faili