Country where the price is oil is already even lower and reports of people in the field saying the price is much like it might be with credit, what you pay for it at this point. A stunning decline here. I use the word stunning because this is not a financial crisis. This is not a recession at least in this country. This is a situation where contributing factors have pushed the oil price out. Everybodys jumping ship. Look at the traders. The funds. For moving out of the space. Im sure a lot of big institutions will be next. Thats a good point. I think traders consider it a repricing. They are repricing right now. Whats so extraordinary about this, again, tells you hope that this is a supply side story, although the rest of the commodity complex doesnt necessarily confirm it but friday the u. S. With the best jobs number since the Great Recession and you would look to a number like that and its a relentless decline in the oil price inl stead since that report hit. I said today quite a tu
A referendum on key issues from the west. Translator i swear to god that this is not possible. A political Life Experience tells us that the country cannot have sustained growth in isolation. And a stock on the move. Shares in bmw sink to the bottom of the stoxx 600 after the german carmaker confirms to pay subsidies to those who suffered losses last year. Happy new year to all the viewers returning from holiday to join us on Worldwide Exchange. Wilfred, happy new year to you as well. You are like five days late but how was your holiday off . I hope it was much enjoyed. It was wonderful being back in the u. S. And spending a few days in berlin learning history to get to know more on whats taking place in europe. I learned how people will invest in the new year. Dont pretend, you went there for a fun new years trip. Yes, but i also have my journalist hat on to understand what is going to happen this year. Europe is a big focal point and some investors expect them to outperform u. S. Sto
Is going to move back up to the 60 to 80 range then certainly Second Generation ethenol will continue to move and i see investments coming into that area. A different story for s. A. P. After slashing its Profit Guidance for 2017 due to trouble with its cloud transition but the ceo tells cnbc that revenues are on a steady path. What i wanted to model for the investors is show them that the core is still going to grow. That cloud will grow even faster and the Business Model makes its full transition will you have more predictable revenues after 2017. Now our attention turns to Morgan Stanley. Earnings taking center stage in the u. S. After the Holiday Weekend with investors honing in on fixed income and the banks commodities business. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And to our top story, chinas Fourth Quarter gdp held at 7. 3 growth year over year. While the reading wasnt lined with Third Quarter growth missed the official target for
Positive solutions to save and strengthen and secure medicare, medicaid and social security. And i cant wait to have our new members on the Budget Committee sink their teeth into these wonderful issues that are so important to solve if were going to get our fiscal house in order and create an economy that will thrive and grow. Third, i think that we have on the conservative side, we have either ignored or put on the back burner come back in, everyone grab their seats. Well begin our next session. We are excited to have congressman jeff duncan talk about his xpand act and the broader topic of energy across the country. I know senator demint is particularly excited the South Carolinaen on stage. I think you all know that jeff duncan has been a consistent conservative voice since coming to washington in 2010. That really, really important year of 2010. That class was really huge because it was a tea party surge sent here to washington to reform washington. And well hear later this afterno
Melissa the plot to bomb the u. S. Capitol in the name of isis foiled by the fbi before it could be carried out. 20yearold Christopher Lee cornell was on authorities radar for months. He was post about violent jihad on social media and researching how to make a bomb. Then he made the move that prompted agents to act. He bought two m15 rifles with hundreds of rounds of ammunition. Here now steve moore from the heritage foundation. We have jack hough from barrons. Simon constable is from the wall street journal i feel like were reading about a new Something Like this attempted attack every day. Kudos to the Obama Administration for foiling this. It didnt get enough attention in washington, d. C. Where i woke up this morning before coming to new york. It was buried in the newspaper. This is big story a terrorist attack in our capitol city. I rarely say good things about obama, but this is job welldone. Is it crazy or whoever they say it is will say they do it in the name of isis . Im not