Yet thats exactly what just happened with the dow slipping just 143 points. The nasdaq backsliding a meager 0. 28 . Even though the price of crude spiked more than 10 gigantic, gigantic gain. How the heck is that even possible how could we have so many stocks that rallied on the news simple were a changed country. We have so much oil in this country and we have a lot of stocks that now do better with Higher Oil Prices and as well we have a lot of stocks that thrive if higher oil causes the economy to slow. The United States of today looks a lot different from the United States of even ten years ago first lets understand it looks like iran launched drone strikes that wiped out a huge chunk of saudi arabias Oil Infrastructure and theyre the biggest exporter in the world. That sent the price soaring, the biggest gain in 11 years and that translates into higher gasoline which means consumers have less money to spend on going out to shop. So we have it making per secretary sense. Theyve had
Are two factions within the Transition Team trying to get the president elects ear. What do you make of all this . You are right. Donald trump is building this team of dissenting voices. You see that with his pick of the chief of staff trains priebus and chief strategist steve bannon. Some are taling them to pick an olive branch to the party, the part of the gop that rejected him when he clinched the nomination. The other faction would say romney would be a disappointment to people who put them in if the white house. That romney represents the failures of the Republican Party. Which side of that argument that sarah laid out, which side will the president elect listen to. I think its a wise decision to think about bringing in a former leader that speaks to the never trump movement. But at the same time i do understand that in trump is going to analyze to see who is the best person qualified to in the prestigious position as secretary of state. Reporter if you had to pick between rudy an
In a moment. Also if the headlines, chinas anbang withdrawing its 14 billion bid for starwood hotels. That means starwood will be owned by marriott. Well talk about what is next. And an interesting story around the mysterious anbang. Tesla shares higher this morning. Elon musk unveiling the new model 3 in los angeles last flight. He says preorders are already red hot. Welcome. Good to be back with you. Lots to do today. We have to start with the markets, all of the viewers and listeners following that jobs number. Not a great number, pretty good number. Stock market doesnt like it. The market is torn. I think the most important thing left out of all the discussion, new york and california raising the minimum wage big. Thats how wages go up now. It just shows you you have to push them up. The supply of labor force is so big, in part because of digitization. Ge talks about it. In part because of the loss of manufacturing. These jobs are not highpaying jobs, unless you have a minimum wage
Small plane inistresss caught on camera fleeting too the ground landing 0 on a busy road hitting a truck. How the quickthkiking pil saved lives. Good morning, america. A lot to get to this morning. Got that big new poll out this morning, senatator marco rubio rising in the race for esident. There he is right there. Walking over from starbucks. Little different from yesterday in the stretch limo and donald trump and hes here live in the studio. Wel get to him. We will. First we begin with the breaeaking news overnight. An American Airlines flight forced to make an Emergency Landing. A passenger making threats on board that flight. Abcs Pierre Thomas has the latest and is here in the studio with us. Reporter good morning, robin. The American Airline flight left phoenix late tuesday afternoon with the expectation it would arrive at new yorks jfk about 4 1 2 hours later but that dramatically changed when chaos listenn tower, could use emergency 622. A scare in the air for 121 passengers on
Ground landing on a busy road hitting a truck. How the quickthinking pilot saved lives. Good morning, america. A lot to get to this morning. Got that big new poll out this morning, senator marco rubio rising in the race for president. There he is right there. Walking over from starbucks. A little different from yesterday in the stretch limo and donald trump and hes here live in the studio. Well get to him. We will. First we begin with the breaking news overnight. An American Airlines flight forced to make an Emergency Landing. A passenger making threats on board that flight. Abcs Pierre Thomas has the latest and is here in the studio with us. Reporter good morning, robin. The American Airline flight left phoenix late tuesday afternoon with the expectation it would arrive at new yorks jfk about 4 1 2 hours later but that dramatically changed when chaos erupted midflight. Listen tower, could use a scare in the air for 121 passengers on flight 622. About ready to clear to land 19 right am