Market. I knew the warm weather wouldnt last forever. No, winter is finally here. Winter is coming as they say. Amazon, by the way, releasing actually some rare numbers this morning saying it was a record setting holiday for the ecommerce jiebt. We will look at whether there are any other retail winners this Holiday Season. And an ugly drop for one biotech firm, chimerix, the stock down 81 . That story is coming up on the closing bell. Never good when the change is larger than the price of the company there. Not good. Lets start with oil, though, snapping that winning streak as saudi arabias budget deficit surges. Jackie deangelis is live at the nymex with more on that. A more than 3 slide in the wti to finish at 36. 81. Brent finishing under wti, just showing how much its turned out of favor in terms of this market right now. You mentioned a key point, saudi arabia out with its 2015 budget numbers, this did not help the selling that we saw today. A near deficit of almost 100 billion s
Just ahead. We do begin with the markets. Oil prices have moved higher at this hour. The disney downgrade weighing on the dow. Lots of folks wondering whats in store for your money now following this weeks fed hike. Josh brown, what is going on over the last couple of days. I think accident scott, that people are pulling their money out of the stock market to buy tickets to star wars. Its as much as 200 online. We have to factor that in. Since the feds announcement. The s p financials are down 3. 5 since the fed decision. Bonds are up. Bng, which is the total Bond Market Index Fund from van garde. Its actually up. 4 since the feds decision. Everybody says, hey, theyre going to be the best sector to be in. When the fed is in a rate hike cycle, whats going on . For having fixed income instruments is still there. However, i think it will be shortlived. I think this is just a blip, and that well see a shift into equities. In terms of the market today, you have the expiration. Thats a major
The iowa caucus. And look at this, isis retreats in ramadi liberated, thats without american boots on the ground. How about that . Oil down, stocks down, gas a buck 99, amazons stock of the year . Maybe. Varney company about to begin. All right. Severe weather in the south, tell you about it, this is sad news indeed. Tornados in the dallas area and east texas killed at least 11 people overnight. Homes leveled, power lines down across much of dallas county. Meanwhile, blizzard conditions are forecast, heavy winds gusting over 50 miles per hour, snow accumulations up to 13 inches drifts to ten feet and very likely in some areas of north texas, southeast new mexico and the oklahoma panhandle today. Thats the weather and how about those markets . This is how were going to open on monday morning right after christmas. Were down about 80 odd points for the Dow Jones Industrial average. The price of oil is down, were back to 37 a barrel, so that same relationship holds this morning. Oil down,
Isis strategy claiming the terrorist organization poses less of a threat to the u. S. Than people think. This is not an organization that can destroy the u. S. Its not a huge Industrial Power that can pose great risks to us institutionally or in a systematic way. The most damage they can do is if they start changing how we live and what our values are. Reporter Hillary Clinton is echoing president obamas isis strategy. She says isis is using videos of donald trump as a recruiting tools. But Fact Checkers are calling that a lie and trump is demanding an apology. Hes becoming isis best recruiters. They are going to people showing videos of donald trump insulting islam to recruit more jihadists. Ill demand an apology from hillary. She lies about emails. She lies about whitewater, she lies about everything. Shell be a disaster as president. Reporter Hillary Clinton has no plan to apologize anytime soon. Her campaign released a statement. Hell, no, Hillary Clinton will not be apologizing to
Through 2019. When aal is said and done. It will add carpool lanes and interchange ramps to help keep traffic moving along smoothly. tony illia ndot mainly what is going to do is improve the flow of traffic through that heavily traveled corridor and hopefully minimze the number of crashes. Mauricio Marin ndot leaders say project neon will improve traffic by separating mainstream freeway travel from local traffic. To reduce traffic jams, reduce air and noise pollution. While crews will be busy working on project neonndot has asked drivers for their patience as they work to enhance the states busiest stretch of road. tony illia ndot be patient, stick with us. It may be inconvenient for a little bit but in the long run happier. I dont think there;s anyone thats driven through the spaghetti bowl and hadn;t wish that the traffi would flowing a little more smoother. Mauricio Marin Mauricio Marin. 8 news now. project neon is also expected to help create hundreds of planning as well as thousan