And 58 of the fox poll says she knowingly lied about it. To the markets this monday morning, it looks like the gas price surge is winding down. So, cheer up, everyone, our guy says it will be much cheaper very soon. Varney company is about to begin. Lets see where the stock market is going to open this monday morning. There has been a shift, about a half hour ago, we received news that the Empire State Manufacturing index came in at the lowest reading since the recession. Implying a problem with manufacturing, certainly in the northeast and maybe nationwide. Down goes the stock market. Were off about 70 points at the open. Now look at the price of oil. Down 2. Were at 41. 76 on a monday morning. How about that . 41. 75 right now. And price of gasoline up only slightly overnight and the spike in the midwest affects the National Average and appears to be winding down, maybe its over. Now, that refinery problem in the midwest, did that have an effect on gas prices over the past week, will
[captions Copyright National cable satellite corp. 2016] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] next, a Senate Hearing on how federal laws can promote the development of new technology. And christopher hart, chair of the National Transportation safety board discusses self driving cars and recent train, metro, and airline accidents. After that, reaction to the Supreme Court decision overturning the texas abortion law. Now, a Senate Hearing examines how senate how federal laws can help testify before the Senate Transportation subcommittee. This is an hour 20 minutes. Sen. Fischer good morning. I am pleased to convene the subcommittee on surface transportation and margin marine infrastructure, safety, and security for todays hearing entitled how the internet of things can bring u. S. Transportation and infrastructure into the 21st century. This will examine how the internet of things can adv
I will choose the u. S. Dollar, pulling back after the fed minutes yesterday and also investors pushing out the odds of the Federal Reserve rates. It is now done around three or sent from its most recent highs that it reached in july and yes, we are seeing the oil winning streak continue up for the sixth straight session. Wti trading above 48 per barrel. Opec meeting the expectations next month, also a part of it. We have been on an incredible roller coaster when it comes to oil prices. Take a look at a oneyear chart. Chart and mapped the top and bottom changes we have seen. From october to february, 95 rebound from february to this summer, a 20 rebound most recently. We have an incredible zigzag and you see the most recent zigzag is compressed in terms of time. On august 2 that oil reached its shortterm low and reentered the bear market. Are not seeing a lot of change. Stocks are bouncing around a lot of tight range today. The s p gaining a little theme, the nasdaq as well. Energy sha
Fargo now that the hearing with ceo john stumpf is over. And the man behind the famous competitions will join us to discuss the race to space. Peter diamandis is here. We have john down here over at post nine and our own rick santelli. Jonathan, there is a couple of ways to look at this, right . It looks like everything is coming up roses but is this because there is this sense that the Federal Reserve is stepping back here to let it rip. It is the same sentiment felt. The concept of raising Interest Rates in 2016 is not completely off the table. They have dangled language in front of us. I think that kept people complacent and the market complacent for a very short time. We are looking forward to december as to what is going to happen. It seems the fed a year ago said lets raise rates now and address again in a year. We have december 16 on the calendar. The market is back into the range that we saw for six weeks during the summer time. 2,150. I think we will stay here for a little bit
And while it might look quiet in the market, with one day left in the trading year. Look at the oil stocks. Crude ending lower by more than 2. 5 . And exxon, chevron, b. P. That got hit, closing out the day at the session lows here. What are we seeing here . A rotation at the end of the year. We pointed that out last night and that is yesterday to those on the metric system. The oil was down after the api report of build. And then the doe report, again a build and people werent expecting that. And production is flat looiped at 9. 2 Million Barrels a day. So you are not seeing the reduction in production with the rate count reduction. Now people are expecting that, they are piling into exxonmobil, chevron, the big happen energy names thinking they could weather the storm the best and if oil bottoms, they would rocket off. When oil started to turn, you had to get out of them end of the year and that is what happened today. And you pair that off with the comments from the Saudi Energy Min