S p 500, and nasdaq to record highs on pace for another set of record highs for the dow and s p 500 potentially the fourth in a row. Mentioning theh three major averages are on pace for weekly gains as well, the third week of gains in a row. Big strength for u. S. Stocks. As for one market moving in the opposite direction, we are looking at oil. Down nearly 3. 5 . What could be going on here for the second day of declines in a row, opec is negotiating to work out the supply cut deal may have been trying to do for quite some time, now negotiating with iran iraq signaleder they will cut supply. This is dragging right now on oil. The downward action we are seeing in oil, not surprisingly, dragging on the s p 500. Energy is down nearly 1 . We had some of the big e p players down significantly, including marathon oil, anadarko. What could happen with oil, we went to the bloomberg. This is a roughly threeyear chart of oil. We see that downward plunge when oil had crashed before. We also see
Hoover. When billionaires buy gold and banks horde cash, should you run for the exits . I think we know where im come down on this. [ laughter ] yes, the answer is yes. No, no. But i think there is a really good point. One soros buying gold, hes been doing that but Commerce Bank hoarding cash to me is probably the biggest thing. It shows why its not going to work because they are doing the exact opposite thing they are supposed to be doing and spending that money. They are hoarding cash and when less cash is out there to buy things, there is less dollars or euros chasing after things then those things, the prices go down and if you look at the Federal Reserve monetary base, which is the dollars in the system the Federal Reserve controls, that has been a very tight correlation with the s p 500 since 2009. This is what got me bearish. That flat lined. Monetary base, which is the dollars out there flat lined. No longer going into stocks. You put that well because they are pulling back bec
Against his odds. Just keep going is his personal motto. There was a time when doctors were saying dylan rizzo suffering massive brain injuries would probably never walk or talk again. How do you plain this . You gaff gave up . No. Your parents never gave up. That was three years ago. Look at him now. Dylan, ahead on sunday morning. Osgood mouthing off is usually an unl welcome behavior unless its being done by a man named fred newman. With jane pauley well give him a listen. What ned truman actually does for a living is hard to say. His special gifts found perfect home on public radios prairie home companion with garrison keel lower. So far you are would do in radio. Im really doing what i used to do behind teachers backs. Fred newman, the maestro of sound ahead on sunday morning. We received a postcard from morocco with some unusual activity in the trees. The sender is correspondent jonathan vigliotti. From cot mess particulars to foods. You might be surprised where it comes from. Go
Availability of the armorpiercing bullets. Dallas police have blamed them for penetrating their vests, why has your administration not re stricted the sale of armor piercing rounds . We have been trying to do that for a long time. It has not happened, sir. I know it has not. The first bill to stop the armorpiercing bullets was introduced by pat moynahan and me years ago, and so what we get is resistance from the republican congress. What is the support of armorpiercing rounds . There is none, zero, zero, zero. What is the administration willing to do to restrict the sale of armorpiercing rounds now after dallas . Before dallas and after dallas were prepared to do everything we can to be able to do that and have it stick. And sir, can you be more specific . Are you going to do something through the atf or will it be an executive action . Well, there is a debate as to whether or not there is an authority and executive action. I think we have the authority. And there is a concern that if
Against his odds. Just keep going is his personal motto. There was a time when doctors were saying dylan rizzo suffering massive brain injuries would probably never walk or talk again. How do you plain this . You gaff gave up . No. Your parents never gave up. That was three years ago. Look at him now. Dylan, ahead on sunday morning. Osgood mouthing off is usually an unl welcome behavior unless its being done by a man named fred newman. With jane pauley well give him a listen. What ned truman actually does for a living is hard to say. His special gifts found perfect home on public radios prairie home companion with garrison keel lower. So far you are would do in radio. Im really doing what i used to do behind teachers backs. Fred newman, the maestro of sound ahead on sunday morning. We received a postcard from morocco with some unusual activity in the trees. The sender is correspondent jonathan vigliotti. From cot mess particulars to foods. You might be surprised where it comes from. Go