Situation. This is private industry that is out there. This is private industry drilling or fracking that helped that. There are some people saying that probably two months from now well see an even more supply that is coming online at that point well be filled up in terms of the storage we have and that excess capacity would go straight to the open market. Some people predicting that could put extreme pressure on prices. Did we roll over the contract . It was down at 42. Youre right. Thats a may contract. Expiring may 15. Thats down about 2. 5 percent. I like the idea. Were a cartel. Weve been, you know pillaging and plundering the world for 25 years but now were out of control. Will you other nonoutput guys come with us . Thats their way of saying its never going to happen. They know the United States is its not fair. Its not fair if the nonopec members arent cut uing. United states is a bigger producer than saudi arabia at this point. I love seeing them. Pay back big time. Hopefully
King i think a Writers Institute is something that is very important within the culture. We are a culture of words, of voices, words are key to our imagination, our capacity to envision things, we ourselves are not completely tied to print on the page senses of writing, but i think that there is no other art form so readily accessible other than perhaps film which we work with too, but it is there is something in literature that just captures the human spirit. This weekend join booktv, American History tv and cspans local content vehicles as we look behind the scenes at the history of literary life of new yorks capital city albany today at noon eastern on booktv on cspan2 and sunday at 5 00 p. M. On American History tv on cspan2 un cspan3. Up next Beatrix Hoffman presented history of the American Healthcare system. She presents her thoughts on why the United States has been one of the few developed countries to not adopt universal health care. And examines why the issue is so divisive.
Porky pig. Overnight in asia, shanghai and hong kong down sharply, some disappointed in that fourday meeting of leaders and bank of england cutting its forecast for inflation. Macys beating profits, affirming on the year. And a fight with kraft ends up costing the coffee giant 2. 8 million. Tesla confirming there are no plan foors recall. Outlines his vision and fires back at George Clooney. And doubts continue to compound about completing fixes for the end of the month on baum care. Revenues beat consensus at revenues are up 3. 5 prgs. The ceo says numbers are extremely strong. Sales trends at bloomingdales doing well. Big name for my charitable trust. Ta Terry Lundgren has been able to go against amazon. In is always whos got the antiamazon game plan. He can move around merchandise. Hes got my macys, the regionalization. If you go there friday night in pittsburgh, you will find steelerlike clothes, raleigh, north carolina, its bow ties and sear sucker. The new york store is doing wel
Its a game changer and youll only see it right here on power lunch. Sue is out today. Sara eisen in at the nyse. Hi, sara. Good to see you, tyler. Were getting to the big question of the week. Can this run, a 12 gain since the beginning of the summer, a 25 run, this year, roll into the new year . Dominic chu is looking at what history tells us about what actually happens when the dow has five straight up years. But first to Mary Thompson on the floor digging into the question on rising Interest Rates. Everybody is talking about the 3 level on the tenyear and what it means for stocks. Right. We hit it a little bit, we hit it yesterday. The markets rallied, hit it earlier today. Pulled back a little bit. The markets are falling off. The markets were a little overbought coming into todays session, no surprise weve seen a bull bapull back. With the 3 yield on the tenyear a lot saw this as an inflection point. We didnt see that with the markets. If Interest Rates rise quickly then it would
Shows everyone is comfortable with the level of the levels for now. The Dow Jones Industrial average up fractionally 16,174 and the s p, 1808. Reaffirming the full year guidance, you think of ready wept, and some other names. And right now it is up 5 , and the near term volume, a little cautious on that. That is good news overall. Dennis chef boy are the ones from cleveland, ohio. Turning to commodities, metals are losing their luster. Gold, silver and copper on the decline. Phil flynn of Price Futures Group is in the trading pits of the cme. Gold is on track for its lowest close in three years. Phil if the fed is worried about inflation their policy of capering is failing miserably based on preciousmetals and this could be a concern. There could be a reason the stock market is not rallying. Yesterday in Ben Bernankes comments, the fed was worried they were not hitting their inflation targets and we are seeing in the gold market is the opposite. People buying stocks selling gold, runni