And this morning the iea says it sees the oil glut worsening. The big reason, demand growth now is slowing while opecs out look continues to boom the ieac Global Market is supplied until at least the end of next year. Wti with 36 and change down another 1 . Even brent at 39 and natural gas, look at that, below the 2 mark. We were you messed it up yesterday. Halftime report we were up like 150 or something . Almost 200. Almost 200. We ended up, up 80. What did you do . Which guy was it do you think . Were you on the show. They were both there. Could have been either one. Or could have been each. But, you know what i think honestly what did happen, oil got weaker and weaker and in the old days if oil went down, it was party. Sit that people think its not as slower or. What is it . The iea saying its demand and not supply. Last two weeks we decided it was all supply. Every guy we had on said it was supply. Maybe its just that the shorts out there in the market are just leaning on it becau
Nasdaq futures under pressure as well. London and paris have wrapped up abbreviated sessions. Germany, among the abbreviated markets that are closed on this new years eve. The client is in europe following a pretty brutal month for european stocks. We have seen some selling of treasuries lately. Yields higher today. A bit of a different story. Crude oil, arguably the story of the year. Down again under pressure. Both wti and brent above 30,000 a barrel. Will the s p finish in the green for the year . New years eve celebrations already kicking off around the world. Some cities canceling plans over security concerns. George lucas opening up about his breakup with star wars saying he sold out to the white slaves. Disney down 10 since november. Can the s p finish the year in positive territory . Thats a question that will be answer in the final day of 2015. Nasdaq leading with a year to date gabe of 7 . 0. 2 . Just 4. 5 points positive for the year. The dow jones, nearly, 1. 25 . Mike with
Most of the country. But inside trading rooms and portfolio offices from boston to berkeley, from minneapolis to miami, it sure felt frigid this week. Stocks logged their biggest weekweek ly decline since the summer months, august. Send the children out of the room, folks. Here are the numbers and theyre ugly. The dow industrial averages tumbled 309 points to 17,265. Nasdaq off more than 2 down triple digits. 111 points. And the s p 500 gave back 39. For the week all three indexes were more than 3 lower. One of the main reasons for the decline, of course, oil. Domestic crude off another 3 today to 35. 62. A sevenyear low. After the International Energy agency warned of a continuing supply glut. For the week prices were down 11 . Thats oils worst week of the year. And as if that wasnt enough, investors learned today that a junk Bond Mutual Fund is barring investor withdrawals while it liquidates, sending a chill through the credit markets. Dominic chu reports. Reporter theres a new kid
Not at all for december across most of the country. But inside trading rooms and portfolio offices from boston to berkeley, from minneapolis to miami, it sure felt frigid this week. Stocks logged their biggest weekweek ly decline since the summer months, august. Send the children out of the room, folks. Here are the numbers and theyre ugly. The dow industrial averages tumbled 309 points to 17,265. Nasdaq off more than 2 down triple digits. 111 points. And the s p 500 gave back 39. For the week all three indexes were more than 3 lower. One of the main reasons for the decline, of course, oil. Domestic crude off another 3 today to 35. 62. A sevenyear low. After the International Energy agency warned of a continuing supply glut. For the week prices were down 11 . Thats oils worst week of the year. And as if that wasnt enough, investors learned today that a junk Bond Mutual Fund is barring investor withdrawals while it liquidates, sending a chill through the credit markets. Dominic chu repo
Not at all for december across most of the country. But inside trading rooms and portfolio offices from boston to berkeley, from minneapolis to miami, it sure felt frigid this week. Stocks logged their biggest weekweek ly decline since the summer months, august. Send the children out of the room, folks. Here are the numbers and theyre ugly. The dow industrial averages tumbled 309 points to 17,265. Nasdaq off more than 2 down triple digits. 111 points. And the s p 500 gave back 39. For the week all three indexes were more than 3 lower. One of the main reasons for the decline, of course, oil. Domestic crude off another 3 today to 35. 62. A sevenyear low. After the International Energy agency warned of a continuing supply glut. For the week prices were down 11 . Thats oils worst week of the year. And as if that wasnt enough, investors learned today that a junk Bond Mutual Fund is barring investor withdrawals while it liquidates, sending a chill through the credit markets. Dominic chu repo