Crude now costs 57. Just a couple of months ago that same 42 gallons cost 106. If you drive a lot it was like getting a raise. If youre a corporate or National Income based on how much you can get for that barrel, yo you just got a raise. With Christmas Shopping americans. Im glad it keeps going down. We have enough insurance, and everything we have to take care of, gas is the least of our worries. In the last six months oil prices have dropped 35 . When oil was down 80 a barrel, we asked our guests how low oil could go before we should start to worry. Are there best cases and worst cases we should be looking at over the next year or two. Goldman sachs is at 70 a barrel all next year. One of the things that we never do on a show is predict. But i would say lower. Lower than 70. Yes. The lowest since 2009, its about the law of supply and demand. There is too much supply, and prices have continued to fall since saudi arabia convinced opec to keep pumping at current levels rather than cut
Different from what we witnessed on this day in 2009 when the u. S. Was in a deep recession housing had collapsed, and Lehman Brothers had gone under. Fast forward six years, the s p 500 has more than tripled since bottoming, led by Consumer Discretionary stocks. Nine stocks have gained more than 1,000 . Today the Dow Jones Industrial average closed up nearly 139 points to finish just under 18,0. The nasdaq added 15 and the s p 500 tacked on 8. We take a look now at the anatomy of the sixyear bull market run. The bull market is six years old this month. Time to celebrate or get a little worried . Maybe its a little bit of both. Its been an incredible run. March 6th, 2009 the s p 500 was up 211 . Most of it has been straight up. Its been a long run of 26 bull markets in the past 85 years. This is the fourth longest according to the wall street journal. There are three reasons for this historic run. First, earnings have hit a record high as corporations have learned to cut costs and run
New products including the smart watch. Qualcomm puts its stock to work. Several banks upgrade the firm as shares push higher after hours. You know yesterday i told viewers i was going to tell them something. You reminded me before the show began but you love the new music. I do. I welcome the new music. Its uplifting and gets the energy going. We have a big show ahead of us. Wilfred you do a little dance before the music comes on. Its a fist pump. A little fist pump. Whatever it is its great. Well enough on that story. Lets get to our top story, Swiss Banking giant Credit Suisse has replaced the ceo. He cams over after brady steps down after 8 years in the helm. He had been under pressure recently due to a number of legal and regulatory issues and the banks share price which fell around 50 over his ten year. Lets get out to karen who is live with the latest on the story. Good morning, well, brady stepping down is no surprise at all. Thats been a very very long time in the making. Look
Prosperity. Hes followed by a conversation with peter berkovitz, author of constitutional conservativism. Then on sunday at 6 p. M. Eastern the final two interviews from booktvs recent visit to london. We sat down with authors Anthony Beevor and judith flanders. For a complete schedule visit booktv. Org. Next, michael levi argues instead of viewing our Energy Future as a fight between Clean Renewable Energy and traditional fuel sources, americans should figure out a way to develop both and use the rising prices of the latter as a Funding Source for the former. He spoke at the World Affairs council of houston. This is about an hour. Okay. A couple of weeks ago i actually realize a book. [laughter] not a Financial Statement report, not a printout of a sack of emails, not an industry magazine but an actual book with a hard cover and nice pages. Its actually an enjoyable experience. I suggest you try it sometime. Its entitled the power surge, by dr. Michael levin. Ive had the pleasure of r
There is an arc to marketing, not trying to sound pushy to the customers but let everybody know we are here, we try to get whatever is they need. Bigger organizations, schoolteachers and libraries, letting them know we are there to support them as well. It gives us somebody if they want to open up a store, dont be hindered by all the talk of ebooks and e. Reeders and computerized this and that, they have a place. We are not against them at all. Just that we talk around here, books being scared of the e readers, just because new Technology Comes out doesnt mean that the Old Technology is going to go away. There are still people who love the idea of holding a book or being able to highlight a book or make notes on a book. Go with what your Community Says it wants or the customers say they want. If they are not happy, nobody is happy. And not necessarily what you want. As it gets established we would really like to see in the future that it is a Gathering Place so to speak for people who