ten have been 200 points links. volatility has been key. back to you. tracy: thank you. fox business contributor phil flynn of price futures group is in the pits of the cme. goal comes to its lowest level in nearly three years. where will we make some money today? not on the long side, that is for sure. we took out some major support today on this number. first of all, the fed. that is the big elephant in the room. we are talking about tapering. we are talking about a rising dollar. that will put downward pressure on oil. china has been a major physical buyer for the gold market. with credit tightening, it makes you wonder how much more money they will have available. this week, there may not be a lot. the other thing you have to look at today is today s economic data. we forgot about it, but it is so strong. @ou look at the existing home sales. they turn out to be bearish for gold because it is bullish for the dollar. crude prices are sliding back below $96. who do we
need tighter security. reports chinese hackers are behind cyberattack, and pete barnes on the latest. a growing problem, is it not? you re absolutely right. it s a big problem, and a new government intelligence report to be released shortly is expected to call the growing number of chinese cyberattacks a threat to the u.s. and its economy. the report will be coming after the washington post, the new york times and the wall street journal announced attacks on their commuter systems, suspected of coming from chine newscast. twitter said on friday extremely sophisticated hackers from an unidentified place may have stolen user names, e-mail addresses and passwords of 250,000 customers, just a few hundred e-mail accounts hit after the department of energy. the u.s. has made little progress in the negotiations
getting worse. well, who needs the law. the law dictates that the president is supposed to submit a budget by a certain date, today, and fourth year in a row no budget. let s roll this out of neil. this is neil just five months ago. can we play that? take a listen. it does seem a bestbit ironic that we have, according to the united states treasurery, eclipsed a $16 trillion debt level collectively what we owe as nation now going over $16 trillion. that was five months ago. five months ago we spent 500 billion half a trillion dollars. it s amazing. this president has committed budgets over the last couple of years but each one has been so obscene that he can t even get a single democrat to vote for his budget. so, whatever he proposed we talk about today s legal deadline. whatever he proposes is going to be so ludicrous that even members of his own party won t go along with it. every president since the end of world war ii of both parties has usually kept federal
0 500 billion half a trillion dollars. it s amazing. this president has committed budgets over the last couple of years but each one has been so obscene that he can t even get a single democrat to vote for his budget. so, whatever he proposed we talk about today s legal deadline. whatever he proposes is going to be so ludicrous that even members of his own party won t go along with it. every president since the end of world war ii of both parties has usually kept federal spending as a percentage of gdp between 18 and 21%. this president has ratcheted up the budget baseline to 25% of gtp. this the in the new normal no interest in bringing down the deficit or the debt. we just did this whole fiscal cliff thing at the end of the year. we thought hey had a deal where we re going to raise revenues this way and cut spending this way, blah blah blah. listen to what president barack obama said just this past sunday. there s no doubt we need additional revenue. coupled with smart spen
central london. what happened here, amy? reporter: bill, let me situate you a little bit because a lot of our viewers will certainly know the city of london. just behind me the headquarters of the intelligence agency mi6. to the left a very busy commuter station on the south side of the river. to the right of me the river itself and ahead of me the scene of the crash. an investigation is underway, bill as we speak. the only possible explanation at this point is that fog that you referenced. because the pilot did ask for a diversionary landing at a nearby helipad before he crashed into the crane that was some 50 stories into the sky, which is quite dramatically high for the london skyline, which as you probably know is not particularly high. now, the pilot has been named as pete barnes, from a commercial