Economy. The big driver for todays selloff is retail sales despite deep discounts, lower gas prices and a robust labor market. Combined with more volatility and oil prices and a lower forecast for Global Economic growth sent stocks on another wild ride. The dow cut an early 350 point loss in half ending the session down 186 points. The nasdaq lower by 22 and the s p was down 11 points. In the bond market the yield on 30 year treasuries hit record lows while the yield on the benchmark ten year note hit the lowest level in nearly two years. Crude bounced between losses and gains spiking higher into the close, up 5. 5 to 48. 48 a barrel, its biggest one day percent gain since june of 2012. With gas prices down and retail sales falling, what is the state of the u. S. Consumer right now . Steve liesman takes a look. Reporter plunging oil prices raised a few economic puzzles. First, since the u. S. Is now a huge Oil Producers, wouldnt it be a drag on the economy or a benefit . Second, and th
Economy. The big driver for todays selloff is retail sales despite deep discounts, lower gas prices and a robust labor market. Combined with more volatility and oil prices and a lower forecast for Global Economic growth sent stocks on another wild ride. The dow cut an early 350 point loss in half ending the session down 186 points. The nasdaq lower by 22 and the s p was down 11 points. In the bond market the yield on 30 year treasuries hit record lows while the yield on the benchmark ten year note hit the lowest level in nearly two years. Crude bounced between losses and gains spiking higher into the close, up 5. 5 to 48. 48 a barrel, its biggest one day percent gain since june of 2012. With gas prices down and retail sales falling, what is the state of the u. S. Consumer right now . Steve liesman takes a look. Reporter plunging oil prices raised a few economic puzzles. First, since the u. S. Is now a huge Oil Producers, wouldnt it be a drag on the economy or a benefit . Second, and th
Here are the top stories we are watching. The white house signaled president obama will sign a propose iran compromise. This would give congress a say on emerging deal to curb tehrans nuclear program. Energy future and in its creditor groups expressed optimism over an 11 billion proposal to reorganize the company. It would allow them to exit bankruptcy by years end. The final agreement maybe two months off. Tencents market value plunging after the chairman cut his own stake in the company. The stock seeing its biggest decline in almost a year. We have less than an hour to the close of trading. Lets go to scarlet fu. Scarlet i want to start with news from the European Central bank. Thatit is raising its greek ceiling to 74 billion euros. Perhaps greases government is preparing behind the scenes for an eventual default or exit from the euro. That was denied later on by the Prime Minister. But if you look at how the euro is performing, no real change on the sideline, which right now is th
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FITCHBURG — Day one of the MIAA Meet of Champions on Thursday at Fitchburg State University was punctuated by a dramatic run in the final event of the girls pentathlon.Defending champion Nyrah Joseph from Billerica and Franklin’s Sarah Dumas came into the 800 meters separated by only 78 points, setting up an ultimate head-to-head showdown.Unfortunately, […]