Lackluster trading an ugly chart for the biggest in the market and shares have fallen 11 this month alone. Intel and microsoft also a drag today and its hard to get much going for the nasdaq as well given that tech slide weve seen and the continued march higher for yields take a look, the 10year higher again, pressed against its highest level since last october. It takes us to our talk of the tape state of stocks and why some say this correction is not over. New edges Cameron Dawson making the case here now at post nine good to see you again. We should note as were at the lows of the day, the dow has reached it 50sDay Moving Average. Why do you argue today that this has more to go the confluence of evidence would support theres more to go because of seasonality, were in a bad seasonal stretch, september the worst month. We know momentum has turned negative in the near term on a tactical basis and breath, the number of names trading above their 50Day Moving Average, its not washed out y
This important legislation is a small step towards a big reward. Without it the United States exporters and Service Providers will continue to lose business to our foreign competitors that have already have trade relations relationships with russia. And once we lose those markets, our competitors will only become stronger and better positioned to surpass the u. S. In a critical marketplace of the 21st Century Global economy. According to the National Association of manufacturers, russia imported over 500 billion in goods last year, and of that total only 5 came from u. S. Exports. This bill will lift outdated policies and restrict american access to russian markets. As a result studies show u. S. Producers can expect to achieve doubledigit increases over the next decade in exports of heavy machinery, agricultural machinery, chemicals, and services. This is particularly critical for my home state of illinois where we have fallen behind japan and korea in these export categories. Most im
We will be forced to austerity. It will be pledged upon us. We ought to be doing that now before that happens rather than when somebody else is telling us what we are going to do. Thank you. Coming up next, attorney general holder releases the details of the 4. 5 billion in the bp oil sediment. Ed markey reacted to the settlement with bp. That is followed up by president obama touring a Hurricane Sandy damage in new york. In 2010, the deep water rights and rid explosion was the worst oil spill. Rig explosion was the worst oil spill. There was a 4. 5 billion settlement case. This briefing is half an hour. Good afternoon. Im here with the assistant attorney general from the Justice Department and the security and Exchange Commission of enforce. And head of deep water verizon task force and announcing the latest step forward in our ongoing efforts to achieve justice for those whose lives and livelihoods were impacted by the largest environmental disaster in the history of the United State
Government. And then work very aggressively to turn them out to vote. Eliot romney claimed the president wooed young voters with free contraceptives and forgiveness of College Loans. For hispanic voters, something special. Romney what the president did is he gave them two things. One, he gave them a big gift on immigration with the dream act amnesty program. Number two put in place obamacare which is by basically is 10,000 a family. It is a proven political strategy which is give a bunch of money on the government to a group and guess what . Theyll vote for you. Eliot an analysis that left romney lamenting his loss with this. Romney the giving away free stuff is a hard thing to compete with. Eliot kind of brings back memories of romneys infamous 47 video. White House Press Secretary jay carney disagreed with romney telling reporters and i quote i think that the view of the american people, of the electorate and of the election is at odds with the truth of what happened last week. But r
The oil rig exploded on the night of april 20th, 2010. Eleven workers were killed in the fire. 172milliongallons of oil gushed into the gulf of mexico. Bp will pay 4. 5 billion in fines. Two employees . Charged with manslaughter. One with lying to congress. Cbs News Reporter on what bp knew before the explosion. Reporter the two former bp employees charged with manslaughter were the highest ranking bp supervisors on deep water horizon. The test found signs that combustible gas was seeping into the well. The indictment alleges bp managers Robert Kaluza and donald failed to call these on shore. They allowed work on the well to continue. Want gas came up the well and exploded. U. S. Attorney general eric holder. This is an indication that we have shown and the company has admitted as a result of their actions people died there unnecessarily. Reporter federal authorities also charged david rainey about lying to investigates. Rainey insisted 5000barrels of oil were leeing every day when he