Barrel is becoming greater. Well tell you the stocks that could benefit from oil falling that far. Thats coming up in a moment here. A new report says walmart buyers are fighting back against increased fees. Somebody says amazon is to blame for this. Shell explain why coming up. Next week one of the most talkedabout events in financial journalism, the september fed meeting. Our buddy larry kudlow will join us to tell us why he does not think the fed should make a move just yet. Looking forward to that. Lets go to the oil pits first. Jackie deangelis following the action on the back of this big goldman call. 20 a barrel. What impact is it having today . It had a big impact today we settled on the session 1. 29 lower. 44. 63 where wti finished. We were down 2. 5 on the week. Up still 4 on the month. This note today is part of the pressure. Goldman is saying oil is going to stay lower for longer. They are looking at 45 a barrel a year out when they were in the high 50s. It is not their ba
In delivering on what we said we would do. We cant control how mr. Putin thinks, but what we can do is say to mr. Putin, if you continue on the path of arming separatists with heavy armaments that evidence suggests may have resulted in 300 innocent people on a jet dying and that violates International Law and undermines the territorial integrity and sovereignty of ukraine, then youre going to face consequences that will hurt your country. And there was a lot of skepticism about our ability to coordinate with europeans for a strong series of sanctions. And each time we have done what we said we would do, including this week when we put in place sanctions that have an impact on key sectors of the russian economy, their energy, their defense, their financial systems. It hasnt resolved the problem yet. I spoke to mr. Putin this morning, and i indicated to him, just as we will do what we say we do in terms of sanctions, well also do what we say we do in terms of wanting to resolve this issu
Just why was that malaysia air flight flying over such a dangerous area and what has been the policy of all airlines that fly internationally with so many hotspots across the globe . We have phil lebeau standing by. Hes been looking into that. And for anyone who travels, you may be surprised about where airlines have been willing to go, at least until yesterdays tragedy. Then back in corporate america, two developing stories. Time warner trading above rupert Murdo Murdochs 85 offer, which was rejected. So, what does that say about what wall street thinks is going to happen next . Somebody thinks were going to get a deal. Yep, for sure. But at a higher price. Also, fedex higher today, despite being indicted by the u. S. Government, accused of being a drug mule for illegal pharmacies, saying fedex is knowingly shipping drugs to dealers and addicts. Well look at the governments case. All right, lets get you caught up on the markets. Weve essentially, as michelle was highlighting, done a r
It is positive. Nine days of the last ten trading sessions. S p 500 also on track to close at a record high for the 52nd high in 2014 and nasdaq just turned positive for the month of december. And is trading around the highest level since back in 2000 and a close eye on the russell 2000. The index of small caps trying to close at a new high. We are seeing intraday records for the First Time Since june. If it does close at a record, thats the First Time Since back in march. And just think last october it was down as much as 20 from that march 4th high. Talk about a round trip for the small caps index. Incredible rebound. Talk about it with the guests today in the exchange. We have rob morgan with us. Jim lowell. Nicole sinclair. And our own jeff cox from cnbc. Com. We have trader Matt Cheslock and, matthew, ill start with you. What do you make of whens going on right now. Back at alltime highs including those small caps that were hit so hard through much of this year. Yeah, well, time t
Here. That ipo pricing at 14 last night. But right now you cannot get it for that price because you can see there its up to almost 24 bucks on the session. A huge move day one for the Cloud Company despite vocal skeptics. Theyre questioning their profitability. This feels like the debates we were having back in the 90s during the dotcom boom. Im not saying thats the case here, but off booming ipo with people wonder wrg is the money right now. Another bombshell from the president s tax plan. President obama wants to challenge College Change i should say College Savings plans known as 529s so the gains would be taxed as regular income. Right now they are taxedfree as you know as long as the money is used for a childs college education. The president says these plans only help rich people not the middle class and we will put it to the test coming up on todays closing bell. This was all part of the state of the union. Making Free Community college. We have heard jeb bush and others say it