Thats right. Several sessions adding points and adding eight. Talking about the effect of the stimulus and people at the same time talking about as a currency race to the bottom. Round number five or six i think we are on. Expiration day, too. May be complications. Art cashin saying the bias so far to the upside and could change. The dow up half a percent and the s p 500 sitting at a level unbelievable, 2061. A lot of forecasts coming into the year closing at 2014 was aggressive. Now the nasdaq up about 9 and underperformer on the session hovering around 4711. Less than 300 points away from nasdaq 5000, too. Getting there. Lets talk about it in the closing bell exchange. With us this friday, hank smith, john wilson, peter chicini, christine short and rick s santelli in chicago. The sugar rush didnt last long for the markets. What happened, do you think . Well, you know, first of all, keep in mind, we have had a sugar rush going on and we pretty much cut the pattern with regard to quant
Story that were following. Wti falling. You have to go back to may 2010 to see prices like this. The number to watch is 67. 15. Right now, down by about 6 to 69. 32. Well below what weve seen at this point. If it fell down to 67. 15 that would be the lowest price since september 2009. The cartel deciding against cutting prices. First, check out some of the fallout to this route in oil prices. Youll see exxon, chevron, bp all trading sharply lower this morning. Bp down by more than 6 . The Global Equity market taking note of this dramatic fall in oil. Lty at this point, dow futures would open by 35 points, s p down by 4 points and nasdaq is up by just over 5 points. In asia within up by 2. 3 . Shanghai composite closing up by 2 . Hang seng is relatively flat. Trade in europe, maybe some of the oil taking its toll there, as well. The cac down by more than 0. 5 . The ftse in london down by 0. 7 . Steve sedgwick is standing by in london. He is just back from that opec meeting. Steve, this
Rate. We have limits on 401 k and ira contributions. For the people that bust their butt their whole life. Good investment decisions. We now want to punish them and somehow thats going to encourage them to do more for our it just doesnt make sense. When you look at the whole thing, i dont see where it will bring in this big amount of income or how it will motivate americans to become prosperous. Its a loselose. How do you encourage middle americans people not in higher tax brackets to save. Most americans do not work in large corporations. Theyre in smaller environments. Theyre not after the same kind of opportunities. How do we incentivize those on the lower end of the sprect spectrum. How do we simplify and raise the boat. The other big question this raises, we focus on women getting higher paid jobs because women are outliving men. Neil you have to rub that in. We have to create higher paying jobs. Thats what America Needs to be focused on right now. Neil you know im focusing on the
Which is telling people how long you sat, how long were you in class. Its not very good at telling people what youve actually learned. Ifill those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. And the william and flora hewlett foundation, helping people build immeasurably better lives. And with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill at least 58 people died in a wave of attacks across iraq today. Most of the violence targeted shiite districts. Scores of people were wounded. The deadliest blast happened at this mosque in baghdad. A suicide bomber detonated a vest packed with explosives as worshippers were leaving after midday prayers. White house Officials Say the u. S. Paid no ran
Which is telling people how long you sat, how long were you in class. Its not very good at telling people what youve actually learned. Ifill those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. And the william and flora hewlett foundation, helping people build immeasurably better lives. And with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill at least 58 people died in a wave of attacks across iraq today. Most of the violence targeted shiite districts. Scores of people were wounded. The deadliest blast happened at this mosque in baghdad. A suicide bomber detonated a vest packed with explosives as worshippers were leaving after midday prayers. White house Officials Say the u. S. Paid no ran