There is a big market rebound, two. We have it all. Varney and company is about to begin. Stuart well, would you look at this. I go away for two days and the market goes down for two days. The Retail Sector there seeing its biggest gain in two and a half years because we had a report that retail sales were very strong recently. Still a long ways to go. The other financial story is the price of oil. It has dropped to a fresh fiveyear low. Oil is at 60 a barrel. Gas, that was down almost 0. 02 overnight. National average for regular, 262. Ipay 241 in jersey yesterday morning. First, this. The government. They just cannot stop spending your money. Look at these numbers. A record 404 billion in two months. At the same time, they spent a total of 582 billion. A deficit of 178 billion in two months. Monica crowley is here on this one. He wants even more tax money. He is not retreating at all, is he . Tax and spend liberals. Now it is spend and tax liberals. There are a lot of republicans tha
Rates sooner, but the minutes say, most participants, and this is important, indicated that raising rates would depend on further information on the economy. So, once again, show me the data for most fed members. The expectation is the fed will start to raise shortterm Interest Rates sometime the middle of next year. Finally the minutes said, that the fed expects continued, a continued moderate economic expansion with stronger growth in the second half, but theyre watching some things out there. Quote, some pointed to possible sources of Downside Risk including persistent weakness in the housing sector, continued slow rise in household income, or spillovers from developments in the middle east and ukraine. Melissa . Dierdre peter barnes, a lot of news in there. Lets get right to it. We have the allstar panel with us. James freeman from the wall street journal. Veronica daguerre, charlie gasparino, our own fox business correspondent. What do you think . We see encouraging things in term
Is always about money. Cheryl you all know about snapchat. At least your kids probably know about snapchat. They dont want you to know about it. We go from campus craze to 10 billiondollar business. Smart app that makes photo messages disappear is worth more than some long time favorites. You tell me if it makes sense. Topping household names in valuation, foot locker, staples, avon. All this is big Money Valuation despite the fact that snapchat is bringing almost no revenue, zero revenue. Bring in somebody who is big revenue. Charlie gasparino. Wall street journals James Freeman with me as well. Dominic tavella of diversified financial. They dont make money. What is going on . That was the problem in 1998 and 1999. That was before the nasdaq blew up in march of 2000, went from five to one in the index. I dont know what it is now. Some firms had no revenues during those insane times actually made it. They came back. Theyre profitable first right now. A lot of them like pets. Com didnt.
With the u. K. On high alert, Prime Minister David Cameron is calling for immediate action against isis, outlining his vision for a comprehensive response. Dont appease this ideology. We have to confront it at home and abroad. To do this we need a tough intelligent, patient and comprehensive approach to defeat the terrorist threat at its source. Tough, we need a Firm Security response, whether that is action to go after the terrorists, International Cooperation on intelligence and Counter Terrorism or uncompromising measures against terrorists here at home. Jo ling here at home the plan isnt as clear. President obama raising serious questions with his response to the powerful terrorist threat yesterday. I dont want to put the cart before the horse. We dont have a strategy yet. I think, what ive seen in some of the news reports suggests that, folks are getting a little further ahead where were at than we are currently are. Jo ling here to discuss, james frischling, barrons senior jack h
Security and getting benefits scaledback in your saying here is the second surprise. I would raise a couple hundred billion dollars of taxes, cut a couple hundred billion dollars out of the big entitlements, cut a couple hundred billion dollars out lou the good thing about having a mont i really have seen the kind of reaction to a guest as the emails i got from a lot of you. I will be sharing some of those later in the show it is time for you to weigh in at neil cavuto foxbusiness. Com. No personal insults to me. I dont need that. I am vulnerable. In the meantime to a guy i expect and admire, scott brown, on the cure many felt was worse than the disease. Always good to see you. I will stick up for you if they come that you. Neil that coast guard hero thing. Here is what he would say. We would if we could but he is saying it has to be drastically curtailed, we have to Social Security extend to medicare and even that wont be enough. We have to raise taxes. What do you say . A couple hund