Going from here. Opportunity in the rubble. We have an Energy Analyst who says there are stocks to buy in that sector if you have the stomach for it. He will tell you what they are coming up in a little while. Plus Venture Capital allstar jim breyer, he will join us live to give us his take on the current tech environment. But we begin with todays commodities swings, Jackie Deangelis is covering the action at the nymex, bob pisani is on the floor here at the New York Stock Exchange. First we tee it up with jackie. Jackie d. Good afternoon. Tea it up, you sure did. Oil prices bouncing between positive and negative territory today. We did close in the red, 37. 51 is where wti ended. I think that tells you where the sentiment was at the end of the day. Amid some confusion about if weve bottomed here or not. A 6 sell off brings people back into the market even if its just for that short term trade. What traders on the floor tell me is this, we dont just go down in a straight line, were goi
Slamming them. Boeing solid cash flow. They boost the Quarterly Dividend by 20 and approves a 14 billion stock buy back. Lets get you breaking news on Economic Sentiment there. Were getting an economic expectation at 16. 1 for december. Thats compared to 10. 4 in november and higher than expectatio expectations. 55 on the month and also above expectations for a 54 reading. Confidence is growing that the German Economy will prove itself robust as well. Were seeing a strong rally across the european markets bouncing back after yesterdays weak day. The ftse 100 up by 1. 64 . Up by more than 3. 32 . We saw the sharp falls falling to 2. 5 month lows in part because the volatility in the oil space also up. Company specific news is driving us higher today. Also whats happening on the currency front, euro dollar is at a seven week high. 11028 up by a third of 1 this morning. It really has to do with the dollar side of the equation because obviously were expecting the first rate hike by the fed
Activity. Third time lucky. November auto sales set to top 18 million vehicles nor three months in a row for the first time on record lead by trucks and suvs. The top two mattress dealers create a king sized firm across 48 states. Find out how 250,000 could buy you this ghost town in south dakota. And to infinity and beyond. Were live from a launch pad to find out how one satellite hopes to make a scientific break through. On this tuesday we are priced above fair value. Were looking for a higher open. S p 500 look at gains of 8 points. Dow jones industrials. Were advancing maybe 76 points in the nasdaq. Pricing in gains of 18 points and what a month it was. Lets check in on november for the dow first off and well take it. It was a mere gain of a third of 1 but that makes two in a row. Same thing for the s p 500 as well in the month of november as we head into december where it looks like theres a 72 probability, yes, of the first Interest Rate hike for the federal vefreserve in close t
Average of vix. So, again, youre looking at a 27 top in that vix today and thats telling. So with oil at a 35 handle, thats speaking everybody out and the substory today, the other safety that you guys are talk about, that light pop in gd thats really scaring a lot of the people and one in particular is trying to prevent its investors from pulling their investments out of that billion dollar fund. So youre going to hear a lot of terms, a lot of commentary on the junk bond market here through the rest of the afternoon and over the weekend and really it boils down to whats going on in energy so we see getting back to the vix that pop up in the vix you have a lot of nervousness and when you see the classic move, that classic flight in security going right back into government debt, yields on the tenyear if youre interested 2. 13 , thats the lowest philadelphia many months, quite telling where investors minds are at. Especially in head of the most highly anticipated Federal Reserve meeting
Along with the slide. Crude fellud today its lowest close in nearly seven years and way off the peak of 108 a bar 8 8 barrel in june. The Dow Jones Industrial average fell 117 points to 17,730. The nasdaq was off 40 points and the s p 500 sank 14. Natural gas prices are falling, as well. That commodity was off more than 5 settling at the lowest level since october and down about 28 this year. We have a closer look at the Falling Energy prices and what they mean for you, the consumer. Its the gift that keeps on giving and just in time. Low energy prices. Crude oil trading under 40 a barrel. Natural gas just around 2. 10 both down over 10 over the last month thmpt crash after opec said it is not cutting outputs. It means more oil in a world already awash in it. I would say about 36. 5 is about where we can probably bottom out here. I have no idea if it will go lower. I am looking at moving averages. That seems about as much as you can get near term. As expected the focus is on retail gas