Hy was going to say it was the sea of red ink, it is more a pond. There are some greens in there. Not entirely bad news but we had negative news on china trade and Japanese Investment. Of Portuguese Bank is shaky and money printing will come to an end in october. Although negatives contributing to a loss on the dow but it is not that big, 80 points down, that is 1 2 . There are some significant losers among those 30 dow stocks. Home depot 90, goldman, they are all down approximately 1 . That is not a huge selloff but moved to lumber liquidators, that is a huge loser. That cut its outlook down 22 and along comes home depot and several housing stocks down in sympathy with lumber liquidators. Time for the housing sector. The s p 500 was down more than 1 . It is down less than 1 2 . Going the other way the price of gold, the rally continues, we are at 1339, that is a 14 per ounce gain this morning but look at this, this is the Interest Rate barometer. Look at the yield, 2. 51 , that is a s
Will the president respond . Varney and company is about to begin. Stuart this is a very big day on wall street, 257 points, straight up, plenty of earnings reports, more of the coming out after the bell. We will see about that later. Lets get this, 256 points hi, the dow is at 16,700. Here are the names fuelling the dow rallied. Caterpillar made a lot of money last quarter, caterpillars up 5. 3 ms sales were up almost 4 . That is not huge but its business will keep growing through the next year. Is up 8. Transportation sector of very big winner. Two Railroad Stocks hitting alltime highs, Union Pacific and csx. Check more transportation stocks, alaska air, jetblue, writer all with big gains, 19 of the 20 stocks in the index are up. Big rally. Look at the price of oil, dropped to 80 a barrel yesterday backing up to 81. 79 today. The real story for energy is the price of gasoline, 3. 07 a gallon. That is your national average. 15 states in the 2 club. The price of regular is less than 3
Here on the side of caution, if you were wrong and came before us and you disclosed 6103 would you be protected by something called speech and debate . No. What could happen to you if you release 6103 information. If you erred on the side of liberal . Anywhere from removal of position to criminal prosecution, sir. Thank you. I recognize the Ranking Member. Thank you. I want to begin by picking up where chairman left off. Im asking about troubling testimony we heard yesterday about personally intervening to block the committee from receiving documents. I listened to what you just said. I want to take that no to consideration as i asked. The hearing yesterday and the acting head testified that the irs was about to send us documents last week. With information related to category of progressive or left leaning groups that may have received they determined it wasser. Admissible to share the information with our committee. Because it related to cat dwoirs that rather than specifically ident