Exxonmobil and t. Boon pickens. Jcpenney getting a big downgrade. And more optimism for apple. Another analyst ups the price target. First up, one day after the dow closed at record highs, the private sector added 208,000 jobs last month. That was a bit below street forecast. Meantime, Oil Prices Rising slightly this morning but down almost 35 from six months ago. Last night on mad money, Oil Tycoon Boone Pickens says he expects crude to return to 100 a barrel. Take a listen. Weve increased production, a Million Barrels a year for the last three years. And that is remarkable. No place else in the world has that happened. So consequently, i think youre probably going to see opec do something in the First Quarter of next year as far as cutting production. But im not so sure how much they have to cut to get to where i said you would be in 12 to 18 months. Youll be back at 100 a barrel. Fascinating. There is a school of thought that when production responds, you will overshoot the opposite
Season of shopping. Well try to clear things up with that man. Well speak exclusively with hsn president bill brand. What a perfect name for the Marketing Executive at hsn. New official name of what we have known for years as Home Shopping network. Well find out what the sales were like and the plans for the future. Speaking of shopping, we are calling it retail fatigue and you may be having it. If every time you open the email and retailers pitching the deals for Free Shipping or big discounts, is it just too much at this point . Making people tune out. I dont know. I like a good discount. I havent started shopping yet. Me neither. I like the brick and mortar old school. Not online. Totally against americans. Im all about online shopp g shopping. You are an efficient guy. Guys for the most part. We are hunters. We know what were after. We go out. We get it. And then we bring it home. That applies to shopping, as well. I like the experience. Well talk about that. Markets. Well find out
Markets and futures rising ahead of todays fed decision. Cpi just out. As we said, the biggest drop for Consumer Prices in six years. Fedex is out with disappointing earnings. The stock is losing ground in the premarket. More leaked sony emails as the new York Premiere of the interview is canceled. Theaters cancel runs altogether. And an exclusive interview with the chairman and ceo of General Electric, jeffrey immelt, as General Electric wraps up its investor meeting from yesterday. All right. Futures pointing higher this morning. Oil prices falling. All ahead of the fed Statement Due out this afternoon as policymakers wrap up their twoday meeting. Joining us this morning, wells fargo Senior Adviser scott wren and eric la salle. Scott, how are you feeling . There was some general chatter yesterday that it felt a limit bottomish and hedge funds were beginning to come off the short Energy Trades and do a little more buying. What are you seeing where you are . I think, carl, it probably
Coming up, big ackman losing the bid of allergen and over 2 billion on the deal. Thats why the ceo said hes still suing for the back room tactics and valiant hear what was said and if theres moves to close that loophole to engineer a scenario in the first place where he won no matter the outcome. Fascinating story. I mean, just outwitted everybody on that one. Was it ethical . Elon musk warned here that robots may turn on humans. He said it with a straight face. Now, he says it could happen this decade. And by my calculation we have about five years left in this decade. Well tell you why elon is moving up the timetable and look at how real the threat of robots to hubls really is. Yeah. The story yeah. Strange times. Okay. Look, the dow up 16. S p up 2. The nasdaq is a little bit negative and fascinating about the period as they say never short a dull market or what have you, were climbing to newer and newer highs all the while actual volatility in the market at multiyear, sometimes mul
So were told. Snowmageddon snowpocalypse, whatever, a blizzard. If you havent heard by now its coming this way and it will affect tens of millions of people. We are live at major airports with thousands of flights already canceled at this hour. A state of emergency has been declared in new jersey in new york. I havent heard if connecticut has but they should. Connecticut they have shut down the major roads, major highway transportation starting at anywhere from 7 00 to 8 00 to 9 00 p. M. This is one of the biggest preemptive moves weve seen for a storm. Obviously if it doesnt pan out there will be a lot of guffawing. But you cant take too many precautions with the wind and the ice and the potential for power outages. We have the latest on where the storm is heading and how many feet of snow you may be waking up to tomorrow depending where you are. Thats right. Were measuring it in feet not in inches this time around. This one apparently is the real deal. So well keep you updated on all