School. We should see 19,000, maybe even 20,000 on the dow by the end of the year. Jack admiral is executive vp of a bank. He thinks the markets are overvalued. Thats the collision. Thats what makes a market. Professor siegel, what causes you to feel that we can move, not just a little bit higher, but rather more significantly higher between now and year end . Do you see the economy as that strong . Well, what i see, i mean, i will admit, i mean, we have moved up in price ahead of the earnings increase. I originally thought we would have to wait until the second half of the year to see that earnings. But let me tell what you i think stock investors are cueing off of. I look at sensitive commodity prices. Were seeing increases in iron ore, aluminum, nickel. The Agriculture Sector is beginning to boom. These sensitive commodity prices, i think, are a signal to an increase in world demand, a better second half and i think thats what stock investors are looking at as a clue to get in befor
The truth on behalf of the families for the four dead americans. I should not be a distraction from that, and thats part of the decision as well. Thank you very much. Theres been some rumors that a letter that was put out by no. Can you put to rest those right now . No. Come on. Who do you think [ inaudible ]. Huh . Who do you think i think the conference should be able to decide. Thank you all very much. Okay. That was Kevin Mccarthy listening right there just a few moments after he shocked a lot of people pulling out of the race for House Speaker. He said of the party, i think were going to be stronger. He admitted that the vote was going to be tough, said he didnt want to win with 220 votes, would rather win with a much larger majority and also commented on the comments he made regarding the Benghazi Committee saying that wasnt helpful to the overall process. Were sort of left in limbo as to where the vote for House Speaker goes from here. The stock market clearly didnt like the new
We begin though with a former high flying stock in turmoil. Shares of chipotle down again. The cdc says its investigating another more recent outbreak of a different strain of e he co e. Downgrading the stock to neutral. The shares are down 4 . Jane wells has the latest. Jane . Hi. Quoting a customer on the website saying i dont know how much more of this i can take. Yet, they still dont know the cause for even the previous outbreak. The latest outbreak, five new cases of people in north dakota, can, and oklahoma falling ill between november 18th and 26th. They all ate at chipotle. This is a different strain from the original and larger outbreak that began in late october. That sickened nearly 50 people from coast to coast, forced the closings of dozens of stores in oregon and washington which were then thoroughly cleaned. There was a norovirus outbreak in boston this month. This tl was a outbreak in Southern California last summer. Its a lot of stuff. And one reason the ceos have chan
By just three hours. Jamie dimon making personal phone calls to washington. More details emerging from the sony hack. What it means for sonys power now within the industry. Straight ahead, the ceo of adobe will join us after beating estimates. Stock is up nicely this morning. We start with the markets. Many mark harris head of Global Research joins us. As the price of Oil Continues to come down, are you reassessing the implications for more and more investors . Oil is linked into every market. Fx, emerging markets, we cannot escape the realities of oil hitting 58 on wti. My strategist has a very strong view. We will continue to see pressure through the first quarter. At that point, we are predicting and do expect that there will be more pressure on the saudis, at least at these levels to put that production in in a different way than they stated previously. How does that change your advice to investors . What does it mean for the market overall . I think the truth of the matter is, we
Will bring justice to the families of the men who died when the deepwater horizon exploded. Perhaps the greatest tragedy is that the deaths of the 11 men on board the deepwater horizon could have been avoided. The explosion of the rig was a disaster that resulted from b. P. s culture of privileging profit over prudence. Reporter b. P. Has agreed to plead guilty to 11 counts of felony manslaughter and one felony count of lying to congress. In addition, two b. P. Supervisors on the deepwater rig have been charged with 23 counts of manslaughter. Another b. P. Executive was charged with lying to congress. B. P. Will also pay a record setting 4 billion in criminal fines and penalties. Thrown in with the criminal charges is a civil settlement with the securities and exchange commission. B. P. Will pay more than half a billion dollars to settle charges it lied to investors, telling them the macondo spill was onetenth its actual size. B. P. Executives made numerous public statements in which t