Revenue growth. And the s p, as we said, now red for 2016, as the markets are closed tomorrow. First up, some new developments this morning regarding the brussels terror attacks. Our chief International Correspondent, Michelle Carusocabrera, is live in the belgian capital. Michelle, good morning. Reporter good morning, carl. New political ramifications in the wake of tuesdays attack. In the last few minutes, belgian media reporting that the Justice Minister and interior minister tendered their resignation, but the Prime Minister refused. Of course, theres been lots of recriminations and questions of why this attack happened when, clearly, the city was already under alert based on what had happened as a result of the paris attacks and the search for Salah Abdeslam. While the Investigation Continues into what happened on tuesday, the justice process is ongoing. The lawyer for Salah Abdeslam was in court this morning for a Pretrial Hearing that eventually got delayed, but he did speak wit
People were discussing today even as the dow climbed. The s p jumped 4. 9 . We rallied today because people interpreted the horrendous terrorist event in paris as something that will slow the worlds growth further, costing the feds not to raise rate this is year. The hope that the feds on hold turn the market down big. The futures were off last night. Having a huge day despite the tragedy in europe. The pajama traders got it wrong. Todays action was a relief rally that perhaps the fed sees what we see. The big roll over happening in manufacturing, industrial and retail portions of the economy. Lets start with basic industry. Steel, metal. Have you seen u. S. Steel lately . Down 63 for the year. 63. With one of the biggest markets being shut out by low oil prices and with the chinese endlessly dumping steel around the world. Companies underneath him will have a hard time making it. There is an oil and gas Company Ak Steel holding down for the year. Copper prices plummeting in oil and ga
Oil, though, now down more than 16 yeartodate, spencer. What looked like a bounce last week we know now is potentially not a bottom. You know, it just goes to show how confusing the difference in the divide is between wall street and main street. Most regular americans think the price is oil is down, i get to save money at the gas pump and yet were telling them thats really bad for everybody and thats why stocks are down. Clearly investors have rediscovered risk. They are caring about valuations for the first time in a long time and it starts in the Public Markets and certainly trickling upstream to the private markets. I see this in my Angel Investments and in the Venture Capital community for sure. We seem to have this reliance again, mike, on rhetoric as they kick off the twoday meeting this week. I think the muscle memory is very strong. And there was a lot of anxiety going into the december fed rate increase. So i feel like the backdrop is, okay, it seems like theyre kind of takin
Westside highway from where you are at headquarters. Well speak to barry diller later in the hour talking about iac and the many changes taking place in media. Late they are morning, ill be talking to Lesley Moonves the ceo of cbs which reported numbers after the bell that were better than expectations. Well keep an eye on that stock price. We look forward to all of that. See you back in a few. David, could you ask les, could you get those guys on thursday night to play better football . He highlights that like the first paragraph. Its teams you dont want to see and the over is like 12th. Yeah. They have had a little bit of trouble with competition thursday nights. They did note that jim. Obviously, always plenty to talk to him about including the Pacquiao Mayweather fight, including he was involved putting it together and now with the litigation no shortage of topics when it comes to mr. Moonves. Except csi brooklyn. We do not have that yet. Sumner redstone may have given you one, as