Doctors are likely to change their procedures after hearing this major news on Blood Pressure. Everybody needs to Pay Attention. A lot to do today. Well start with a check on oil trading because oil is down by 3 . One reason might be a note from Goldman Sachs that came out this morning suggesting that oil could not will, but could fall as low as 20 per barrel saying, the oil market is even more oversupplied than we had expected and the potential for oil prices to fall to such levels which we estimate near 20 a barrel is becoming greater as oil storage continues to fill. Powerful note. Just to be clear, guys, Goldman Sachs not saying this will happen. That it is going to go to 20. Just that it is a possibility. Their sixmonth price target is 40 a barrel. Thats still very bearish but it is not the Case Scenario. Coming up in the next hour on power lunch, we have an exclusive interview with the man who wrote that note for Goldman Sachs, jeff kcurrie will be our guest. Kate kelly is live a
The pentagon and pennsylvania and the world trade center. Its a gloomy sad day. Always will be. Its difficult to talk stocks on a day like today but we have our jobs to do and they dont stop on september 11th. So lets do this. Lets remember what happened that day. Reach out to someone you know who lost a loved one. Tell them youre thinking about them and never forget this tragedy. As far as the stock markets long run even as today was mixed sometimes i wonder if we should try to enjoy the rally while it lasts. When i looked at the screen today with the dow dropping 20 . Nasdaq advancing. 12 i recognize and admit a lot of the good stuff is happening because it costs a little to borough money. Each day that makes something good come true. Today for example they spent 183 million to buy another resort. Park City Mountain in utah. Ski business has been tough lately. Tenants have been dropping. Some down 50 and the earnings of of vail alone werent enough to own the stocks. But if you didnt
2,000, an obvious milestone even if we dip back toward that level at the close, im going to focus not only one everyone is worried about, but on what got us to tease lofty heights. Namely, profits. Corporate profits growing at accelerating speeds, or else. On a day when the dow gained 76 points, s p claimed. 48 , still a record high, and the nasdaq jumped. 41 , i think we need a respite from the nonstop chatter about how the fed is behind the curve or how the fed is the chief reason why stocks arent going up. This is what the market would sound like if it werent for the fed. The truth is, the endless search for earnings and Revenue Growth is whats driving prices higher. Thats now a neverending pursuit that keeps powering the entire stock market to levels not even dreamed about a few short years ago. Seems to me that ever since the big bottom in the s p in 2010, at 1,150, in retro speck, the u. S. Debt downgrade, weve been besieged by lecturers who dont believe in the market strength an
Forecast by Goldman Sachs today cutting its forecast on the price and that added some of the momentum there, and by the way, were still getting a lot of photographs from you folks around the country of what youre paying for gasoline. I saw the lowest price today coming in once again from oklahoma city. Theyre paying 1. 55 right now. Not too shabby. And so the debate about whether this should ultimately be a good thing for the u. S. Committee continues. Yes, it does. Jo and meanwhile, if you are a regular watcher of cnbc theres a good chance this man wants to hilt you with a massive tax hike. Top democrat Chris Van Hollen joins us to explain his plan for wall street and high earners to fund a jind middle class tax cut. Theres always took he may run for governor of maryland following martin omalley. We have two ceos of mega Drug Companies joining us. The heads of biogen and merck checking in from the Jpmorgan Health care conference. Would you have been seeing megs wonderful interviews al
Jcpenney especially. That stock is very strong today on better than expected holiday sales. We certainly are. We have had a down couple of days for the market and set up perhaps for a spring back and surprising to see the resilience today, not more of a flight to safety bid after the tragic shootings in paris this morning and, in fact on that note as we keep an eye on that horrible terrorist attack on the magazine that previously ran the cartoons of mohammed the president and much of the world condemning the barbaric murders. Well get you the latest as the attackers are at large. At this hour i think pictures out of france a vigil is taking place. Hundreds of thousands of french people citizens are in various squares in paris and elsewhere to mourn the loss of those lives today. Yes. And what theyre holding i believe there are signs saying we are charlie referring the magazine attacked. I know that you know we are the business channel. I should mention it was interesting to note that t