financial experts told us is the first round, if it was contained to that with china, it would be manageable. but it is becoming a force left. where are we now? that is a good question. remember the demand curve slopes down. so that is where is the payoff? where does that tradeoff occur. what to keep in mind with donald trump is that he is not having dealt with this administration for a year and a half, i find it hard to believe that he is still in reality.
is slowing, supply, demand, prices down at 2 bucks. how long will it last? probably through january. refinery maintenance starts in maintenance. that will take some gasoline supply offlien and prices could tick higher. big savings for drivers. how much? 540 bucks you saved because of low gas prices. from the tank to the bank, $10 per fill up. you can expect to have those prices again early this year. what a cute piggy you have in that graphic. people are spending a lot of their gas savings. pay down your christmas debt with your gas savings. that is the bah humbug part of it. we don t really understand why oil prices are going down. it s not about supply and demand. this could last even longer than expected on the demand curve, right? we ll have to see. the whole world is pumping so much oil, chris, that literally,
you can see facebook and google, trip adviser taking a big hit, down several%. another reason why the markets reacting to some china import and expert numbers that indicated that demand in china is going down. and this could be bad for the global demand curve. so that could be bad for a lot of the stocks on the nasdaq and the dow. so we re seeing a trend going into the red, a major selloff, and it s one of the reasons, but interestingly in this case, it s only it s several reasons, not only one, as a lot of analysts or investors want to do. jolene, thank you very much. some marriages are going down the toilet before the couples tie the knot. a sewage treatment plant near seattle, sewage treatment plant is now hosting weddings. insert your metaphor here. officials say you can see the
in a couple of days. is that a trend or is eight spike? i think it s a spike depending on how long this middle east thing plays out. don t forget, what you still have next year and the following year and following year, we are on a demand curve that is only going up. we re on a supply curve that is all but flat. at some point in the not too distant future, demand will exceed supply. what will it take for the government to recognize that there is so much oil here in the gulf of mexico and in alaska that they should let us take it out of earth so we don t have to worry about the disruptions in the middle east? well, i think it would take the unthinkable, the unthinkable is a recognition of reality by the existing administration. so far we haven t seen that. but we can always hope there will be reality and that the
$864 billion is tapering off and all the federal government s intervention in the house market with the first time homebuyer tax credit also expired and we are seeing a contraction in the housing market with the tapering off of federal stimulus spending, they are trying to find where the demand curve will be pushed upward and now they cannot find it and maybe the federal reserve can help but we already know rates are near historic lows and doesn t appear that there is more the federal reserve can do, back to you in new york. martha: it is interesting, we were watching the market and futures were higher and as you got the information, i know you got a look at what the speech, you know, hits upon, and the market was also getting a look at that and now it department negative, down 20 points and the treasury, federal reserve has a limited number of tools, things they can influence, you know, with interest rates, which are already very low, and i mean, that is the decision that the fed is g