Doctors are likely to change their procedures after hearing this major news on Blood Pressure. Everybody needs to Pay Attention. A lot to do today. Well start with a check on oil trading because oil is down by 3 . One reason might be a note from Goldman Sachs that came out this morning suggesting that oil could not will, but could fall as low as 20 per barrel saying, the oil market is even more oversupplied than we had expected and the potential for oil prices to fall to such levels which we estimate near 20 a barrel is becoming greater as oil storage continues to fill. Powerful note. Just to be clear, guys, Goldman Sachs not saying this will happen. That it is going to go to 20. Just that it is a possibility. Their sixmonth price target is 40 a barrel. Thats still very bearish but it is not the Case Scenario. Coming up in the next hour on power lunch, we have an exclusive interview with the man who wrote that note for Goldman Sachs, jeff kcurrie will be our guest. Kate kelly is live a
The skies over capitol hill. Whats going on there is landing like a led balloon on wall street. If youre losing money the last four days, you know who it is. Senate majority leader harry reid says the u. S. Is probably going over the fiscal cliff. Hes planning a news conference. We dont have the exact time. When it goes, well go there. Investors getting quite nervous. Obviously the dow dropping below 13,000. The First Time Since early december. Fear index is spiking the vick. What going over the cliff will mean for you and your money. We will talk about it this hour. Airline stocks flying high sitting at 1 1 2 year highs. Will it be smooth skies for the industry next year in 2013. Phil lebeau has the report. How about housing . What a story housing has been this year. A milestone. Home prices on track for their first yearoveryear gain since 2006. Is the worst finally over . Some say yes, others say no. What does Michelle Carusocabrera say. Tyler, lets drill down to the numbers you were
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George Gero, an institution of the gold industry, dies at 84
Joe Deaux and Justina Vasquez, Bloomberg News George Gero , Michael Nagle/Bloomberg
George Gero, a financial adviser known throughout the gold industry, who claimed he traded one of the first-ever gold contracts in New York, has died. He was 84.
He died on Dec. 12 at his home, according to his obituary with Levine Memorial Chapel. No cause was given.
Gero, a New York-based managing director in Royal Bank of Canadaâs wealth management division, served for 54 years trading precious metals as a member of the New York Mercantile Exchange and Chicago Mercantile Exchange. He was known by colleagues as a kind person who always looked out for people, and by reporters as someone never too busy to take a call and explain the sometimes complex minutiae of the gold markets.