The word recessisionill be mamaki a comeback this week. D stocks will be down a little this mornrning. However, varney c company i about to begin. Wewell, were strehing a littlee bit here. Why not . Game of thrones, okay. Stuart the e g. O. P. Game of ththros. Two candidates to o ta down a third. D. In the end, of course, o onlone of them wiwill be left standing as thehe nominee. Game of thrones, of coururse, kiing off the new seseason last night. I bet a lot ofof pple watched itit. More on the politics of gagame f ththros in just a moment. Look at this, we arere gng to open lower on wall streeeet t by mucuch, its not a huge sellofby any means. We w will get the latest read o Economic Growth anand at thursdsdayorning, does not loook like theres m much growth at all. L. Thats after tririllions in stimululus and record taxes. Well tatalk about that throughout the show. W. Look at this, some o of the e bi names ththat took a big hit las week. Les see where theyre going g to start out. Goo
As the republicans look strong and the breaking news on tumbling oil and gas prices. It is going to jam some more cash into your wallet. It is a big day. Varney and company is aaout to begin. Stuart this is the blockbuster news of the day on the markets. It is not stocks. It is khalil and by extension gas prices. You are looking at a three year low for oil. You may ask what is going on. The saudis cut the price of oil just like that. There is a flood of cheap crude heading our way. Now look at gas prices still falling at any gallon a day, regular averages 2. 97, that is a four year low for gas prices. Oil dropping like this means another drug for the price of gasoline. Tell me. Absolutely. This is really exciting. The market is going nuts today. Oil prices last night finally slid under 80 an overnight drop as low as 75. This opens up a new chapter of falling prices. This could offer an National Average in a 2 enumclaw, perhaps even more. This is developing. We will see how low oil pric
Why did she Financial Officer says it will cost to upgrade the technology. Adam it is a ratings agency, Cyber Security worlds cofounder will join us to talk about why target and neiman marcus, not close to being the most Vulnerable Companies and we will talk about what you need to know but first stocks near the highs of the day and the Stock Exchange, Nicole Petallides is there and we are seeing a sigh of relief. Nicole no doubt at all. We sold off 360 points, on stock 360 points and that was a loss of 2 . A bounce back on less volume from friday and monday but you are seeing a little bounce back. Over 1 2 , the nasdaq up 1. 1 , the s p up 3 4 , lots of nt you are seeing a little bounce back. Over 1 2 , the nasdaq up 1. 1 , the s p up 3 4 , lots of news to digest, factory orders slightly better than expected, weaker manufacturing numbers and at the end of the week, waiting on jobs numbers, company news from michael course, on the s p soaring, announced the microsoft ceo to name a few.
Thats where we are this monday. Good morning, everyone. Remember, please, its the talks on spending, not borrowing that are broken down again. Maybe thats why the market has a fairly muted response, the dow down about 100. Nothing muted about the reaction to obamacare exchanges. Yet, it is a train wreck and the New York Times is leading the putdown. Dare we say, obamacare collapsed. The theres a whole lot more this monday morning, Harsh Criticism from china, directed at us, america. And pink month at the nfl yields little for Breast Cancer got news on the huge twitter ipo. Varney company is about to begin. Peace of mind is important when youre running a busins. Century link provides reliable it Services Like multilayered Security Solution to keep your Information Safe secure. Century link. Your l its still a shutdown stalemate in d. C. Over the weekend, the markets not terribly impressed. Thats the headline. Lets give you some details. Protesting veterans tearing down barriers of the c
Meeting of the congressional principles. President obama continuing his pressure saying at a food pantry we stand a good chance of defaulting. Still trying to figure this out on the leadership side. The next step appears to be the budget negotiation. When the markets look at where we are, it is not so much the fact that we have not approved the debt ceiling increase, it is that we dont have a credible solution to deal with our longterm debt and spending. Rich the problem is republicans are looking to keep what is known as the sequester in place. Democrats want to undo the cuts. They want to replace some of them with tax increases. Now it is going the other way. Democrats seem to have the leverage here. Cheryl trading stocks are well off of session lows. We see these comments crossing from senator harry reid. Is this the entire reason we are seeing markets reversed . I would have to think so. The problem clearly is it is a political football. I am not sure how seriously, i guess we have