A close eye on oil. Oil right now down 4 , managing to hang on by its fingernails above 31 bucks a barrel. As oil has fallen, so too is gasoline prices. You dont need us to tell you that. You see it every day, aaa says its now a buck 72. Over the last year, everybody said those lone gas prices will give a huge boost to the consumer spend. So far, nearly everyone has been wrong. They havent added it. Jack allen says thats about to Securities Exchange commission. He is here. Jack, welcome. All right a. Twoparter, one part is not enough for a man of your intellect. Number one, why do you believe low gas will finally translate into better consume were spending . Number two, if are you right, how do you profit from it . No, i think youre right, its been this coil. Whats happened is that just like the fed policy has really hasnt worked, households are taking this, the pump savings and using it to pay down debt and, you nope the baby boomers that were the big debt buyers or the debt holders i
Network is. Tom just in the last 90 minutes. To go back and look at the different panels, frustrations, the studies of terrorism experts in the recent months after paris to move forward. You really wonder how they will adapt, how europe will adjust to now london and paris and now brussels. Francine yeah, and there are questions about the authorities, if there was anything they could have done. Lets get straight to vonnie quinn for the latest on this terror attack. Vonnie thank you. Multiple explosions reported in brussels; a number of dead and wounded. Two explosions the departure hall at the airport. There are local reports that say at least 13 were killed. As of now, the official death toll is just one. The airport has been evacuated, the archers stopped, incoming flights diverted to other airports. Brussels has closed all their subway stations after a report of an explosion. The city has been on high alert since the weekend; it had been on the highest alert following the man believe
Credit . Some analysts see prices in junk in the u. K. Leads if the u. K. Leaves. Lets update you on where we are. Lets take you to the market it lets show you what is happening. Let me tell you how the market is in position. Wti, youre looking at a fairly negative picture. The market looks like it is going to be flat. Down by. 2 . We have reports coming out of it brussels thats coming out of brussels that there has been coming out of brussels that there has been two explosions, north and northeast of the city. We have reports coming from ap that we have two explosions and we can see smoke over one of the terminal buildings. Lets get to Ryan Chilcote. There are these two explosions at the departure hall it we are getting reports that there are injuries in the departure hall. North of brussels. We understand that the train link from the center of brussels to the transition has been shut down. The police trying to limit access to the airport right now. More people arriving into the airpo
The last few years, as you know. Is value back . Its hard to say whether its back yet. I mean, its been probably three weeks where the value has started to reassert itself. But after five years of underperformance of value versus growth, the spreads in valuation are at provocative levels. Cheap stocks are as cheap as they get. Expensive stocks are reasonably expensive. And that spread has widened to the point where in the past, if you tried to capitalize on it, you would have been really wellregarded. Josh, yeartodate, value outperforming growth from the february 11th bottom, which, by the way, we mark the onemonth anniversary of today. Energy is up 12 , industrials up 10 . Financials are up up 13 . Is this the start of a broader trend . Well, i think if it if the trend of growth substantially outperforming value continues for much longer than it already has, it would be an almost unprecedented length of time through history. So to some extent, just on a mean reversion basis, you think
Inflated. The market had started to deflate, but then he said it went back up again. Usually thats a bad sign. Thats a sign of things to come, end quote. On a day when the market drifted down slowly but surely, dow sinking 53 points, nasdaq dropping 0. 46 , its worth pondering mr. Trumps fuse, whatever your political orientation. It makes sense on many different levels, and the conclusions, you know what, theyre arguably right, at least for a Certain Group of People Living in certain places, namely, rich People Living in expensive places. First, we have to admit that the stock markets had a fabulous run since the bottom seven years ago. People have made huge amounts of money if they invested at the generational low, or if you held on at the meltdown and didnt own the hart rd hardhit financials. You did terrifically. So, is there a bubble . Well, if youre living in new york City Real Estate it feels like a bubble, particularly in manhattan, where properties could easily sell for four or