The energy is up over the last month or three months, and that is why we are here, right . It is a big portion of why we are here, and of course, a lot of folks have mischaracterized how much the American Public would save if you have basically took a look at the gasoline, judge, and figured that you would average family consumes 600 gallons through the vehicles and so forth through the year, and gasoline prices are up a dollar from the lows, and in m some parts of the country, they are, and that is 600 in additional what would have are been savings in the year earlier in january and now the savings is it still goes up, and you buy the stocks . No, they are topping out here, and many of the oil e p plays are topping out. One of them that i added to the portfolio that i will talk about la later that has legs, but e ps is topped out. And who is on the other side . Energy itself . Yes. Nt i dont believe we are topped out for energy itself, but what has happened in the beginning is that Mo
Tausche is with us as well as mark santoli. And big news with Prime Minister modi about to address a joint session of congress. And our own seema mody is with us. Paul ryan is introducing everybody in attendance, and we have not seen the Prime Minister take the stage yet, but we will bring you the highlights, and once they come. It is going to be Prime Minister making the case of why the companies in the u. S. Should do business in india, and india is a better place to do business than other emerging markets. This is a momentous time for the country, because it is currently the Fastest Growing momentous market in the world, but it is not the biggest, and china is. And india knows and prime m minister modi knows that in order to reach the target, it needs the help of u. S. Corporations as discussed at the u. S. India council event. Jeff bezos of amazon and the ceo of cisco as well expressing interest. John harwood joining us on set. It is fascinating to watch the political world catch u
s&p 500 index up to 1328. of course, bill, the big story is facebook continuing on a downward spiral. the stock tumbling to a new low and falling below the $29 a share mark. we ve got speculation of a facebook smartphone and another potential acquisition, really doing little to drum up business. the ipo price was at $38 a share. the company has now left more than $25 billion in market value just in the last seven trading sessions as a public company. ouch. yeah. ouch is right. of course, this market is off the highs of the session as the falling euro is taking the wind out of the rally. is this a sign that markets are still locked in the fear trade, bill? courtney reagan has been spending the day with us at the new york stock exchange. rick santelli is at his perch. michael pento is with us and steve with sun america asset management. rick santelli, i m going to start with you. it seems to me we have two distinctly different traders during the day. lately you ve gotte
can you give us your assessment of the imt pact of the mild winter weather and going forward, i think you said last month that some of the recent job gains reflected a catchup from outside cuts right after the recession. given those two things, what kind of job growth can we expect? well, the weather issue reflects how difficult it can be to make real-time effect of the economy. it probably brought forward some of the hiring so that it made perhaps january and february artificially strong and march artificially weak. it probably affected construction. manufacturing. there were probably things affected by the warm weather that we had this winter. and we re doing our best to try to adjust for that. we re also looking at some of the seasonality issues because of the unusually large recession in 2008 and 2009. so, again, that makes the data harder to interpret. i advanced the hypothesis that the increase in employment that we ve seen in the last five, six months may be to some