President. Blake berman in dc with the latest. Blake. Good afternoon to you. President obama speaking from the white house earlier today. Excited pope francis when he said tackling Climate Change is a moral obligation. The result here, new rule from the Environment Protection agency. It is called the clean power plan. The highlight of it all from the president the reduction in Carbon Emissions by 2020. So. No. 15 years. On to. Of the carbon, there will be several other benefits to this, the new plan will create tens of thousands of jobs, make americans healthier, they site reduction in heart and asthma attacks and they say this will lead to Cheaper Energy bills down the line. Thefts president speaking earlier today. The kinds of criticisms that youre going to hear are simply excuses for inaction. Theyre not even Good Business sense. They under estimate American Business and american engin enginity. And the House Speaker for one is calling this a nasty energy tax. Quote i believe this f
Barrel yet again. It is a multimonth low, down another bit. And certainly today while its up 1. 5 , the question is what is the selling point of the Iran Nuclear Deal beyond low oil . Because iran will flood the market with oil it has on its land. The Obama Administration on the Charm Offensive this hour trying to work on other points here to sell. The president expected to make his Iran Nuclear Deal pitch to major American Jewish Community Leaders in less than 90 minutes. This after israeli Prime Minister Benjamin Netanyahu made his case against the deal to the same group. Wrapping up a questionandanswer session just over an hour ago. Now, secretary of state john kerry making his case on iran to americas gulf arab allies yesterday. He actually got an endorsement from the nations of the gulf cooperation council. Kerry forging ahead today on his international tour, pushing this deal, visiting singapore, depressed asian nations on support for the president s free trade deal as well. Nego
Country. More than likely the stock is in your 401 k whether you realize it or not. The Stock Plunged more than 3 today on twice its average volume. Chief investment strategist at money mat press, Keith Fitzgerald is with me. Analysts are worried about iphone saturation and some say iwatch sales are not tracking as hoped. What is your view on the stock . There are two things at work. First you have institutional component. 4 of the dow, roughly 12 of the nasdaq. Anything related to that in institutional portfolio or index basis or some sort of a simulated basis will come under pressure so theyre simply rebalancing a lot of individual investors are saying who whoa, if it goes down this much i want to get out. That is sign of capitulation. I would be looking to buy actually. You would be looking to buy. There have been other times where apple has broken through this 200 day moving average. That key line a lot of technical analysts do watch and obviously come back and rallied. There has e
Night . Tesla, elon musk says building an suv is very hard. Both of those Companies Join the parade of bigname brand losers we have seen this week. I have a winner for you, it will be you and i believe gas down again and another forecast under 2 gasoline next month by next month. Varney and company is about to begin. Just because iranian hardliners chance death to america does not mean that is what all iranians believe. If it those hardliners were most comfortable with the status quo, if those hardliners joy and didnt death to america had been as opposed to the deal, theyre making common cause with the republican caucus. Stuart you heard it. The president of the United States in my opinion reaching in new low campaigning iranians who cant get to america to republicans. John bolton joins us to talk about that later this hour. You are looking at the quick and loans arena deserted at the moment, wont be for long, the site of the Republican Debate tonight, the first begins eight hours from
Ive got a quick headline on amazons jeff bezos, he has quick money in his pocket. Roll postdebate sound bite number one. I know i dont trust president obama with all records. I know you gave him a big hug. Forgive me if i call it a hohum jobs report in july. 215,000 jobs report goody. The Participation Rate is still at a generational low, 62. 6 , thats not good. As for the markets, well theyre taking it in good spirit i guess. I say this every morning, pretty much dead flat. Were up one point, thats the futures okay . Well find out for sure 29 minutes from now. Here is what i think is perhaps even better news the price of gasoline. Its friday, some of us will be driving this weekend and its getting cheaper by the day. 261 is your National Average. Later, well tell you where the cheapest gas in the land can be found. Lets get to the debate shall we . Joining us ashley webster, Liz Macdonald and tommy bruce. I thought it was a great debate, it was lively engaging. I thought the debate wa