Components. And the rest of the market went along for the downhill ride. The Dow Jones Industrial average declined 253 points to 17,495. Nasdaq dropped 68. And the s p 500 fell 31. As for domestic crude, it crossed closed, excuse me, just below 35 a barrel. 34. 95. Brent crude trading not far from 11year lows. Bob pisani takes a look now at the pressure from crude thats building over stocks. Its about the dollar and oil again. For the second time in as many days the market started on a positive note but then headed south when the dollar rallies and oil dropped and we closed at our lows. Its a lower for longer issue. Many believe oil will stay lower for longer, well into 2016. So if oils at 35 six months from now a lot of exploration and Production Companies might go out of business because they wont be able to get the financing to keep exploring. In part this is a supply problem. Saudi arabia has refused to cut production and its trying to drive u. S. Shale producers out of business. T
People are dying. What is the government doing for us . We dont know. More fighting in kobane, and fresh air strikes by the u. S. Led coalition. But is it too little too late for kurds in the strategic border town of kobane . Also on the program, aaron joins us, and the worlds biggest smart phone maker. Aaron, theyre not selling enough smart phones. Absolutely. Profits at samsung are expected to fall off a cliff, down 60 . Its battling on two fronts, apples new bigger screened iphone, and in the emerging markets, its the chinese phone makers giving the South Koreans a run for their money. So were taking a look at how samsung is betting on its chip business to come to the risk. Its midday here in london. 11 00 a. M. In freetown. And 1 00 p. M. In madrid, where the husband of a spanish nurse who has contracted ebola has been put in quarantine. Four people in total have now been hospitalized. The nurse is the first person to catch the virus outside of west africa. The European Union is de
Expansion of isis in the middle east. After that remarks by the israeli Prime Minister benjamin netanyahu. Next a look at u. S. Strategy against isis. Thursday david cohen, the undersecretary of treasury for terrorism and Financial Intelligence outlined his agencys work to attach the terror groups Funding Sources. This hearing of the House Financial Services committee is three hours. The committee will come to order. The chair will declare a recess at any time. Before we begin, if you think you are in a strange room, you are. We did not change the portraits, as i have announced previously to the committee. Our hearing room, i think, is the last hearing room in the raburn building to receive a sound upgrade and other modifications to make the room ada compliant. As a reminder to all members, we will be a no maddic tribe between now and theoretically the end of march. We hope that doesnt mean midw midwmid midmay. And we will take whatever Committee Room our friends will allow us to have.
Grown from maybe 27 to now 800. As you know thats important because it means that funds in the u. S. Can be blocked and the u. S. Persons and entities are no longer permitted to do business with those on the list. It is my understanding that so far only four members of isis have been designated global terrorists by treasury and it is my understanding that these four are not involved with the major Funding Sources of this elicit Petroleum Trade to the black market. It strikes me as a little bit of a low number. Can you describe the challenges and what should be the expectation of the committee and the American People Going Forward . Absolutely. As you know, the authority to impose sanctions on terrorists and terrorists financiers arrive as an authority that we have used extensively in attacking the foundations of a wide variety of organizations including al qaeda and their predecessor. We used this to designate in more than two dozen individuals and entities, some of them who necessary
Finishing up the inheritance here when Michael First joined as a fellow and you know, at the end of the day, he would come by either my office or his office and his endless curiosity for for how this would play out, his love of the wonderfully ambiguous nature of dealing with the iranian. The questions of whether or not the specifics of the deal led to a much greater political kind of reconciliation, a subject that my great colleague, mark, will take up in a moment. He was also wonderfully into the weeds. And wonderfully competitive in that way that somebodys whos been a reporter all his life can be. When i r reported in the book after i wrote after i had done the inter hans than the United States had been involved in a lengthy cyber saab technology, that was really the first use of a cyber weapon by the United States against another state, i think michael was probably the first person who called me the day they ran the excerpt in the paper. And his mind had moved three chess steps out