Mia is watching equities and on the holiday shortened trading week. Peter cook has the latest etails on newest government rules coming for unmanned aerial drones. Known as and julie highman tells us about sectors, n the retail stocks, that is. Get to those stories and more. Top stories the were following at this hour. Fewer americans bought homes a the slowest pace in six months. The National Association of existing aid sales of homes fell 6. 1 . Over the last 12 month, sales risen 2. 1 . A recent decline in mortgage buyerss yet to lure more into the market. He latest from the equities markets on this monday. The s p 500 is up fractionally. The dow is up over half a 17,903. At and the nasdaq composite index a quarter of aup percent at 4777. Saudi arabia and the united arab emrates are pledging not to cut to prop up on prices. They blame nonopec producers for them toly glut and urge cut back. The Saudi Oil Ministry says hes onfident prices will rebound along with Global Economic growth.
Against fat cat bankers. We will break it all down for you. And also bill go an hour contributing editor will be joining us. But first, ending the year in an appropriate fashion, yes falling again. Intercept and down almost 2 in new york today, bringing the loss in 2014 to 46 for oil. It has not fallen this much since the financial crisis six years ago. Mean time, in the meantime and search crews have recovered more bodies and debris in the java sea from that crash. The airbus a320 crashed on its way from indonesia to singapore. Indonesias president spoke at a briefing. My deep condolences to the families of the passengers and crew. I am feeling their loss and i am and i pray that they are given all of the courage and strength to base this tragedy. Like they were 162 people on board there were 162 people on board. A couple of weeks ago the fbi said it had enough evidence to link the attack on sony to north korea. But every connection it looked that turned out to be a deadend. At least
The ruble plus fall. Almost 11 butd turned again, plunging to an alltime low of 79 to the dollar. Oil resumed its plunge as well. West texas intermediate brent trading above 60, both of those five years. In sydney, australia, the hostage siege ended in a deadly shootout. The gunman was a selfproclaimed islamic eric cleric from iran. Here is the us join prime australian the Prime Minister, tony abbott. Not only us in australia but tens of hundreds of millions of ple around the world sydney has been touched by terrorism for the first time in years. The mans former lawyer said it was unlikely he was involved in terrorism as part of a group. He was acting alone. In pakistan, and attack by the taliban on a school. 126 people killed, many of them students. A taliban spokesman said that the attack was in retaliation for the killing of taliban tribal members. And they take over in the oil business. Of a takeover in the oil business. All has agreed to buy repsol has agreed to buy talisman energ
Considerable time following the end of its Asset Purchase Program in october. Projected inflation continues to run below its goal. They have left considerable time in here, but they had used it to condition there their which. Language. It were a language and. The committee expects inflation to rise gradually to 2 . The committee continues to monitor inflation developments closely. Let me read you the dissent. There were three dissents here. Three of these folks will not be voters this year. While the committee should be patiently waiting to theze Monetary Policy date when they will likely be affected a different dissent believes the committees decision in the context following marketbased measures of longerterm Inflation Expectations created undo downside risk. Charles believe the statement should not stress the importance. The passage of time is the key element. Clearly some criticism of the language in here. This is how the fed is moving forward. Let me share the projections. Project
2. 5 growth path. On thatean shares fell news. In the u. S. , futures indicate the stocks will be slightly lower at the open. G20 leaders are planning a multitrillion dollar boost to the Global Economy. It wraps up a summit nfl australia by promising to spend an extent 2 trillion in the next four years. Among the promises, china will speed up construction of 4g mobile networks and the u. K. Will build more affordable housing. Vladimir putin left the g20 summit early. The president of brussels said he needed to catch up on more sleep. Maybe he was titled of being paraded over rebels in ukraine. If he continues to stabilize ukraine, there will be other sanctions, and there will be a completely different relationship between European Countries and america, on the one hand and russia on the other. For now, european governments are holding off on posing more sections on russia, but they made blackness more ukrainians for supporting the rebels. The maker of all talks may be sold for more tha