Market. I knew the warm weather wouldnt last forever. No, winter is finally here. Winter is coming as they say. Amazon, by the way, releasing actually some rare numbers this morning saying it was a record setting holiday for the ecommerce jiebt. We will look at whether there are any other retail winners this Holiday Season. And an ugly drop for one biotech firm, chimerix, the stock down 81 . That story is coming up on the closing bell. Never good when the change is larger than the price of the company there. Not good. Lets start with oil, though, snapping that winning streak as saudi arabias budget deficit surges. Jackie deangelis is live at the nymex with more on that. A more than 3 slide in the wti to finish at 36. 81. Brent finishing under wti, just showing how much its turned out of favor in terms of this market right now. You mentioned a key point, saudi arabia out with its 2015 budget numbers, this did not help the selling that we saw today. A near deficit of almost 100 billion s
Datadependent. And todays data were not definitive. Consumer prices measuring everything from rent payments to cost of a new shirt rose 0. 2 in february. Thats the most in four months. It was merely in line with expectations and flat from a year ago. The fed would like to see Price Inflation pick up a bit. What did was the sales of homes last month. Newly built home soared 8 highest level since early 2008. Strong headline number sent shares of Home Builders higher including kb home and lenoir. But as diana olick reports, theres a back bump. Reporter soared on news of an expected jump in february sales. And while it was a welcome improvement, it needs a bit of perspective. Were trending slightly higher. Were still 40 , 50 below 30year averages. Reporter february sales of newly built homes hit the case in 7 years at 539,000 for the year. But just undergone an epic boom to bust and building fewer homes than 15 years ago and thats with 11 more People Living in the u. S. That is benefitting
Datadependent. And todays data were not definitive. Consumer prices measuring everything from rent payments to cost of a new shirt rose 0. 2 in february. Thats the most in four months. It was merely in line with expectations and flat from a year ago. The fed would like to see Price Inflation pick up a bit. What did was the sales of homes last month. Newly built home soared 8 highest level since early 2008. Strong headline number sent shares of Home Builders higher including kb home and lenoir. But as diana olick reports, theres a back bump. Reporter soared on news of an expected jump in february sales. And while it was a welcome improvement, it needs a bit of perspective. Were trending slightly higher. Were still 40 , 50 below 30year averages. Reporter february sales of newly built homes hit the case in 7 years at 539,000 for the year. But just undergone an epic boom to bust and building fewer homes than 15 years ago and thats with 11 more People Living in the u. S. That is benefitting
Datadependent. And todays data were not definitive. Consumer prices measuring everything from rent payments to cost of a new shirt rose 0. 2 in february. Thats the most in four months. It was merely in line with expectations and flat from a year ago. The fed would like to see Price Inflation pick up a bit. What did was the sales of homes last month. Newly built home soared 8 highest level since early 2008. Strong headline number sent shares of Home Builders higher including kb home and lenoir. But as diana olick reports, theres a back bump. Reporter soared on news of an expected jump in february sales. And while it was a welcome improvement, it needs a bit of perspective. Were trending slightly higher. Were still 40 , 50 below 30year averages. Reporter february sales of newly built homes hit the case in 7 years at 539,000 for the year. But just undergone an epic boom to bust and building fewer homes than 15 years ago and thats with 11 more People Living in the u. S. That is benefitting
focus, we have 4, 5, 6% declines in the material names as well. look at the drop there. the important thing that s going on here, sue, that china gdp is another add-on effect, figuring out what effect that will have when the chinese start raising interest rates. that s one of the major factors in today s trading session, let s talk more about what s going on in this market. we have all of our experts lined up to talk about the markets. rick santelli, i ll go to you, if i could. we ve seen some interesting action as traders look for safety given what s going on in the stock market. and also in the dollar, and also in china. make sense of it all, if you could. i don t think you re going to get any good answers in the markets, because markets by their very nature measure making money. i think making money will get impacted negative by some of the ideas the president put forth. however, i think in the end, where he wouldn t to go isn t a bad place, i believe that many think t