They will really slow down amazons drone delivery plans. New rules on fracking. Getting the power to hold it up, drag it out and maybe kill it stone dead. Stocks are way up and so is the price of oil. Varney and company is about to begin. Stuart that is a rally. Up 172 points. The nasdaq, by the way, a new 15 year high. The russell 2000, that is another new alltime high. It is friday and the stock market has gone straight up thus far. I have two big names and they are hitting record highs. We have the price of oil back at 45 a barrel today. I believe that they changed the contract months. 45 a barrel as of now. The price of gasoline has gone up again. Three straight days. Not by much. It really ruins my prediction of an imminent plunge in gas prices. I linked google to crony capitalism. The wall street journal reports that in 2012, charging google with practices. Ftc commissioners overruled their own staff and went with a settlement that was very easy on google. This is not mentioned i
The rules say you have to be 18. Is that fair . We want to hear from you. Varney company about to begin. Charles lets get right to the big story. Joining us now is lieutenant colonel. The president of the Federal Reserve said that the cyber sick erie it he is what keeps him awake at night. Do not blame the russians. Why would they not look into these secured networks if we allow them to we would love to do this to the russians, but prudent administrative networks are much more secure. We just had a situation. The former secretary of state Hillary Linton had an insecure email network of her own and which he was conducting the most important foreign business policies of this country. White house is going into damage control mode. I am a former Intelligence Officer. If i can add an access, the white house administrative networks it struck the administrations priorities for you. Charles that makes a whole lot of sense. What is going on . The number one problem in this country is cyber secu
Deal worth 5. 8 billion. We bring you the Details Behind the megadeal. Anna u. S. Authorities identify the trader libel at Deutsche Bank. We take his role in what looks like a fine for germanys largest lender. Mark hello, welcome. Im mark barton. Also coming up today, emily chang sits down with facebooks chief officer and virgins Richard Branson for an exclusive conversation on the balancing of work and family. We will bring you that later in the show. Manus the nasdaq futures are trading higher this morning, as we get started here in europe. The end of asia signaling a potential for record high. That comes on the back of the nasdaq composite topping its. Com era peak. Why investors are so bullish the tech woman is in the house with these stories. Caroline think it so much. Look this record high in the nasdaq. Whenever this dotcom boom . Im sure you do. We search past that 16year high. It looks like we could rise, once again. All down to three key points. Lets get to the biggest in ter
Likely added 193,000 private jobs last month. And then the Big Government jobs report out on friday. Sara, thanks. In Corporate News, a number of legal headlines out of the Financial Sector this morning, jpmorgan agreeing to pay 614 million in the mortgage fraud case. The late nest a string of legal claims against the bank. As part of the settlement, jpm admitted it defrauded federal agencies by underwriting mortgage loans. At issue, thousands of insured loans that were not eligible for insurance by the fha or department of veteran affairs. Morgan stanley will pay 1. 25 billion to resolve the mortgage lawsuit. Morgan will add 150 million to its legal reserve as a result of the settlement. And a new judge priding over the bank of americas proposed 8. 5 million settlement has postponed entering a final judgment in the case. The decision raises the possibility of additional rel maneuvers. The judge agreed this wouldnt take effect until at least february 19th. Andrew, what was the total of
Happen to you . The growing trend is on our radar today. Companies saying you supply the device, well support it. Entrepreneur of the year, according to inc magazine, a big contest and they are going to make the adjustment right here on power lunch in this hour. Youre going to want to hear about this young person and what hes doing to change a field that were all going to use over the next few years. First, though, to sue at the nyse. Cant wait, ty. Good to see you. The weather is turning pretty rough outside of the nyse at this hour. If the dow closes above 16,072 it will be another record close and looks like were heading in that direction. In 12 months the dow is up 24 . Right now its up 20 points at 16,093. Take a look at the nasdaq, well above the 4,000 mark and up almost 35 in a year. Right now, up a half a percent or 21 almost 22 points at 4,016. 43. Sheila dharmarajan is in times square and starts us with our coverage. Hey there, nasdaq firmly above the 4 k level around 4,016 a