index as a measure of whether the industrials are telling the truth, the old axiom i like to follow is if the transports don t confirm the movement in the dow, meaning support it with their own positive action, then you might be witnessing a false move higher, to make me, an older guy who has traded since the late 70s truly sanguine about the market. you need the rail stocks, csx, the shippers, united parcel, federal express, the airlines and truckers like delta, jb hunt. they got to be all on the move up because they stand for the strength of commerce. it makes sense. think about this for a second. it s very rational. if you re going to manufacture and sell goods, you got to ship them somewhere, right? so these stocks are the best gauge of economic activity. when you transport goods and people at rising levels, that s how you know the economy is really humming. it s not just sitting around, it s being sent! but the transports index have been dragging horribly, diverging so
report with susie gharib and tom hudson. nightly business report is made possible by: captioning sponsored by wpbt susie: good evening, everyone. my colleague, tom hudson, is off tonight. it was talk, not a deal to tap into emergency oil reserves. so says the white house. the obama administration denied reports that it had reached an agreement with britain to join forces, tapping into government- controlled strategic petroleum reserves. the talk triggered a drop in oil prices. in new york trading, they tumbled almost $2 to the $104-a- barrel level, but then recovered by the end of the day, closing at $105. but president obama today addressed worries about high oil and gasoline prices. speaking in maryland, he laid out his plans for alternative energy. sylvia hall reports. reporter: president obama wants to change the way america powers up. we can t have an energy strategy for the last century that traps us in the past; we need an energy strategy for the future, an al
captioning sponsored by wpbt susie: good evening, everyone. my colleague, tom hudson, is off tonight. it was talk, not a deal to tap into emergency oil reserves. so says the white house. the obama administration denied reports that it had reached an agreement with britain to join forces, tapping into government- controlled strategic petroleum reserves. the talk triggered a drop in oil prices. in new york trading, they tumbled almost $2 to the $104-a- barrel level, but then recovered by the end of the day, closing at $105. but president obama today addressed worries about high oil and gasoline prices. speaking in maryland, he laid out his plans for alternative energy. sylvia hall reports. reporter: president obama wants to change the way america powers up. we can t have an energy strategy for the last century that traps us in the past; we need an energy strategy for the future, an all-of-the above strategy for the 21st century that develops every source of america
to have it be a mushroom cloud. where did you think that mushroom cloud would be? lawrence, you have a bad habit with your guests. you never let them answer a question. well, secretary of state hillary clinton s getting a lot of questions about this reaction in that now iconic situation room picture. it kind of looks like she s covering her mouth in what could be a gasp of shock. she says no, that s not it. i m somewhat sheepishly concerned that it was my preventing one of my early spring allergic coughs. so it may have no great meaning whatsoever. well, it could be a bin laden bump or a birther backlash. but now an overwhelming number of americans say they believe the president was born right here in the good old usa. 86% of people interviewed in a washington post poll said obama was americanorn. that s a huge jump from 48% who said that last year. the number of nonbelievers sliced in half to 10% from 20% last year. al qaeda s now confirmed the
most trusted courier. but that took a couple of years before they really found him. and then it took several years of tracking him down. and then once they did that, last year about nine, ten months ago, they followed him to that compound. and that s what led them eventually to killing osama bin laden. and now we have al qaeda saying yes, indeed, osama bin laden has been killed. and the organization says it will release a voice recording of bin laden made the week before he was killed. do you know anything about what s expected to be contained in that recording? no. originally it was described as perhaps a recording that would be released upon his death. but that would be just too coincidental. who knows what s on that recording. but in their message today acknowledgi acknowledging, of course, that osama bin laden had died. they exhorted his followers to continue the jihad against america and threatened that his blood would be avenged. and we re going to get into that a