Its staying on my agenda and im going to do everything i can to help america to become energy independent. Gearing up of a showdown, the french lower house approves the 2015 budget. Coming up, we ask the european Vice President if paris will face any punishment. No comment from pbnp paribas on reports that executives have been targeted in an Insider Trading probe. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And it continues to be the big story of the day. The bank of japan says a continued economic recovery is on track despite surprise data earlier this week that shows the country slipping into recession. The central bank kept its economic view unchanged as widely expected. Although one member of the board dissented. Speaking after the meeting, koroda said quantitative easing would continue until the 2 inflation target is reached. He injecte suggestions that the central bank should have refrained from further easing givenlg the delay i
Sympathetic in principle that the are regulations we need to do away with but on balance the common good has often benefitted from some of the regulations that have made business more expensive to do. He cited the former pollution in the chicago river, his hometown. Exactly, tyler. The president tried to make the ceos understand the limitations on him as a political figure. At one point i believe it was fred smith of fed ex said why dont you just by the end of the year pass an infrastructure bill to raise the gas tax and provide a Solid Foundation for infrastructure funding. The president made the argument that it sounds great but very, very difficult to get congress to move. He lingered a long time, ranged across issues of Government Shutdown, tax reform, of Immigration Reform, all things where the Business Roundtable and president obama have been in league with one another although they havent always gotten what they wanted. But the president clearly tried to tease out those areas of
Today alone. Brace yourself for more serious weather. Mudslides possible on the west coast. Rain and snow in the east. Lets go down to sue at the new york stock exchange. And you know we have another triple digit down day for Dow Jones Industrial. Part of that is linked to the drop in oil. Art cashin saying not only the Energy Stocks under pressure but that has spilled over to financial stocks. They are worried about the high yield debt that some banks own concerning energy. Right now the Dow Jones Industrial average off 103 points. The nasdaq is off 31. And the rus russell 2000 is off almost a third of a percent. Followed closely by the dow. Oil tanking hitting new lows of the trading session down almost 4 on wti and thats 3. 5 on brent. Bob pisani joins me on the floor of the new york stock exchange. Just the under pinnings of the market dont feel good today. Look at chevron. 50 of the 150 points in the down side. That is exxon and chevron. There are dozens of new lows in the Energy
Play and youtube. Do not miss our interview with a Theater Owner who screened the film. First the markets at record highs. S p 500 set for its 52nd closing high of the year. Will the rally continue into the new year . Joining us, hank smith at haver haverford trust. Do you expect this record to continue into 2015 . Yeah. We wrote about it last year and again we are writing expect pullbacks, expect corrections. They are a normal part of any bull market. We havent had a correction in 3 1 2 years technically speaking, a 10 decline. They should be shortlived and relatively shallow. Theres been lack of participation with retail investors. This is one of the most hated bull markets in history. People are now finally looking to enter the market and they are going to buy on the dips. Is that a good sign for the market . We were talking to a trader last hour who said when retail finally emerges, you want to sell. Thats a long process. It just doesnt happen overnight. This market is not cheap, b
Financial institutions from doing business with them. Now, this is the second stage of the u. S. Response at least that we know about. We remember after the sony hack in advance of the release of the interview movie. The internet went dark in north korea for awhile. The u. S. Government did not deny that it was responsible. Jack lew said in a statement this is part of a range of responses the United States is making to try to show north korea that its not going to tolerate the kind of incursions into cyber space affecting u. S. Businesses and we will see what the response from the North Koreans is to this. But john heres the thing. North korea is already one of the most impoverished and isolated countries. Number one with theres not a lot of sanction. Number two, it feels like wherever there are sanctions on north korea, it only hurts the people who are already starving. It doesnt really hurt the regime. Is that right . Sure but its an unavoidable problem. Like when the internet went d