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
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 some of the pictures coming in from the Southern Alps of the crash site. We should say crash sites because weve seen a number of pictures showing debris spread over several areas and really the main question involving this crash of the german wings a320 is the rapid desent of the plane. All the way down to approximately 6,500, 6,800 feet. 150 people were killed on this flight. 144 of them being passengers, including some german students. There were also six crew members. The german wings a320 was built in 1991. Some people have been suggesting, well look its 25 years old. Isnt that old. In the commercial Airline Business an airplane that is 25 years old the main questions right now that investigators are going to be focussing on really comes down to this. Why were there no alerts sent out from the crew inside this plane . Especially as they started their descent. We should point out that this plane was checked yet. That was not a full inspection but it was the most recent insp
The only real takeaway is that were nowhere near a deal. Hence why the market nose dived. Dow plummeting 185 points. Nasdaq falling 1. 29 . Why ticktock portfolio . Because its becoming evident that we dont have just one traumatic worry ahead of us, the fiscal cliff itself, but a second one, which is that times not on the side of the compromisers anymore. Theres just too much going on in washington to presume that even likeminded people can wrest the debate from the partisan extremists of either party, those who sink below and not rise above. Even if youre confident that a deal can be reached someday, you had to have your breath taken away by the first question from the press after the president gave an impassioned statement about the need to avert the cliff thats going to raise everybodys taxes and just cause such havoc. Thats because the question was about general petraeus. Not the financial time bomb facing us. Oh, no. Petraeus . Petraeus . Dont you know this is bigger than petraeus