At us, we are at number four. The president , the Speaker Pelosi and treasury secretary mnuchin, they are all on board with a grand infrastructure plan. Leader mcconnell says hold back for now, but it sure looks like a lot more spending is in the works. After all, we are all big spenders now, arent we . Look at the markets. Responding to the jobless numbers and the possibility of more stimulus. The dow looks like it could eke out a small gain of maybe 70. Nasdaq up 17. S p up maybe 10. A fractional gain for stocks despite that jobless number. Look at the price of oil. Up sharply today. The president wants a deal with the russians and saudis and he will meet with Oil Company Executives tomorrow. The oil price this morning is up to, okay, up to just 22 a barrel. Got it. But its higher by 9 . The price of gasoline, look at this, keeps coming down. 1. 97. Thats the national average. In oklahoma, hard to believe, its all the way down to an average of 1. 51. Thats oklahoma. On the program to
Economic outlook remains favorable. Plain english, no recession on the horizon. Growth continues. Top banker jamie dimon joined the optimist club. Growth will continue, he says, and he expects a phase one trade deal with china. This week, we reported on jpmorgans call for market rally next year and Goldman Sachs call for a Strong Economy next year. 2020 looking good. Todays Market Action is somewhat clouded by the uncertainty of whether or not theres going to be what the results will be of that white house trade meeting. The dow will be down 30, 40 points. Small loss for the s p. Small loss for the nasdaq at this point. Now, the president s looking good. Reports this morning that some House Democrats will not vote to impeach. That means a split Democrat Party and a hyper partisan impeachment process. Not supposed to be like that. Oh, and the brits are voting. Looks like the socialists will lose. Varney company is about to begin. Stuart all right. We are beginning with the trade meeting
Been if america had not had, as it does, an oil glut. It would have been a much bigger price spike. Thats the upside, i guess, of energy independence. Now, whats happening in oil has not had a negative impact on stocks. We are still looking at a gain for the dow, what, about 90 points, up about 34 on the nasdaq. Part of the dows gain is fueled by the Big Oil Companies which do well when oil prices rise. This tanker story is a big money story. We are all over it. And theres a lot going on. We will keep you in touch with it. Elsewhere, ah, Bernie Sanders outlines his definition of democratic socialism. We will break that down for you. Not literally. The president is setting the political world on fire. He says he would accept information on political opponents from Foreign Governments. Theres a shocker. Connecticut, can you believe this, they are in dire financial straits and they are raising taxes on everything. I mean everything. Varney company is about to begin. If foreigners, if russ
And there were attacks planned on new years eve and arrests in turkey, thats why theres a Massive Police presence across america times square, the rose bowl, all potential terror targets and all heavily guarded. Theres an ominous tone to u. S. Celebrations this year, but Varney Company is about to begin. This is serious and you need to know about it. Massive flooding in the midwest. The Mississippi River is expected to reach nearly 15 feet above flood stage tomorrow in st. Louis which would be the second worst flood on record, almost as bad as the bad old days of 1993. Officials say thousands of homes are threatened, at least 18 deaths over several days in missouri and illinois, they were blamed on flooding, mostly involving vehicles that drove into swamped roadways. Weve just received this footage out of st. Louis, missouri. That is highway i44 flooded, again, the Mississippi River doesnt crest until tomorrow, but look at that, right now, in st. Louis. That is a flood. And then we hav