Ill is up rise, either pie. Ill summarize it. I am here to product response to the oil spill and designed with the efforts to deal with the consequences. Before i do this, however, i want to express sincere regret as to what happened on behalf of all the employees of exxon and certainly on behalf of myself i really cant tell you how say we are sympathetic and particularly those in alaska and the Prince William sound area and thats where the difficulty is creating a great deal of problems for those people. As weve by, and we will continue doing all we can can in spilling up the and theyve already been this uponment in the area, and high the skies make it a particularly different problem. A few comments about the spill to put it in perspective and its been changed many times. The spill is 240,000 barrels that occurred early on march 24. We have other factual information. The weather was clear. The ship had no known mechanical difficulty. A change was requested because of ice and the outg
Dinners fromister. Its wedneth im phillip mena Mother Nature is slowing things good to b yea but down powerful storms are sweeping across the country dumping snow, ice, and heavy rain across much of the midwest just in time for the holiday rush crews have been working hard to clear the runways at the Denver Airport where hundreds of flights were canceled. Heres nbcs molly hunter. Reporter three storms closing in across the country. Denver, already buried in snow, the heavy onslaught shutting down highways across colorado as millions hit the road. Cars skidding out, rescue crews on the scene amid the snowy conditions two rock slides shut down i70 for hours. At Denver Airport flights pid ue 500, delaying nearly 200,000 passengers but at least one denver resident managed to find his way around tractortrailer roads and a semi flipped on its and in nebraska spinouts on icy side the powerful storm now heading east its going to be bad. The snows going to come down hard its going to come down
At 1. 77. The retailers had a down week, retailers investing them today, up 9 . It has been down 17 over the last five months. A lot of shortsellers along with the likes of campbells. After a better quarter, likely to have been a short squeeze. Guy here in europe, most sectors are higher. Stocks are higher. Volume is ok. Stoxx 600 is up 0. 5 . The pound is at session lows. Cable trading down. The euro is at session lows. The dollar 1. 1033. Vonnie lets get to the trade issue and President Trump saying there is a good chance of making a deal with china but that unrest in hong kong is a complicating factor. Congress has sent the president that bill tackling the hong kong question, backing the hong kong protesters. It is not clear if the president will sign it. Here is what he said this morning on fox news. If it werent for me, hong kong would have been obliterated in 14 minutes. He has one million soldiers standing outside of hong kong that are not going in because i asked him, please do
I want to look in my terminal here. There has been a baritone going tone going on. Either hedging or protecting against some of that downside as you get to puts for every call. Some defensiveness creeping back into the market. That is an interesting chart. When he put into perspective of this s p 500 chart, it suggests those arising puts to call, it is more of a hedge than a bearish bets. The s p 500 up until not long ago has been stuck in a range. Earlier this year, broke out of the range then truly did so in october, even with the first down week in seven weeks, we are above that range. We have a rising 40 week moving average. We have a rising 200 week moving average. This is a bullish chart. It suggests more gains are ahead. I want to look at another list chart, biotech start. They have been unable. Index rose for the first time in six days, 5 in that time. It is broken up today to a new 52 week high. There is a ton of action under the surface, with drugmakers getting wins and losse
Phil flynn has his eye on oil and gold at cme. Hillary vaughn is live in dallas today at a google roundtable event. Gerri to you first on the rollercoaster session. Reporter wow, wow. You said it at one point during the day we dropped 336 point on the dow the within that hour we turned green. Maybe expectation after rate cut, maybe two by the end of the year. Traders like that idea even though the Services Sector appeared anemic here. Dow, one week. We were down 840 points combined tuesday an wednesday. Now we are in the green today. But on the week, the dow is down more than 2 . S p down more than 2 . Nasdaq down 1 . We have got a ways to go to see our way through this thicket. Dow laggards this week, 3m, one of the industrials stocks getting killed bit manufacturing report earlier in the week. Price target cut by barclays and credit suisse. Bad news for 3m. Theyre down 5. 63 . Caterpillar same story. Industrial stock getting hammered by this bat news on manufacturing. Goldman sachs,