Cspan 3 and you can see it on cspan. Org and listen on the cspan radio app. The communicators is next. The acting head of the federal trade commission. And then more from Todays Supreme Court hearing conformation neal gorsuch. We will start with his Opening Statement and bring you the entire hearing. Host Maureen Ohlhausen acting chair of the federal trade communication and our guest on the communicator. What is the current status of the federal trade commission . How many people are on it . What actions can you take at this point . The current status of the commission is we are open for business, working and doing the public work very well, i think. There are two current members. I am a republican and i have my colleague who is a democrat. The thing to remember about the fcc is we are generally a bipartisan, enforcement agency. Your rules allow us to have a qualm as commissioner so that is not affecting our work. But we have Reach Agreement to take action. Fortunately, most of the wor
About five points. Looking here it is actually interesting to see where we are. The dow going negative earlier. China suggesting it could add more stimulus and metal stocks, but Energy Stocks are following as oil is falling. Lets take a look at the s p year to date. We are looking for a loss for the year right now at least. We are down by about two and one third percent with eight trading days left. The index has finished higher in the past three years but we are at least for now on track to break that. Alix we typically see what people call a santa claus rally into the end of the year. At looks like right now we are not on track for that. Your denny research coming out with that us saying that a yearend rally for the s p is actually in doubt. We do have eight trading days left this year and the s p has only done that in the last eight days of the year just five times since the year 1928. In that time, the last eight days of the s p were positive, and it was negative 72 times, 83 . Let
Rise. Less concerned about as may have acquisition. Overpaying. A lot of the shareholders who own fox are shareholders in time warner. So while you want to high bid for time warner, you dont want fox to overpay if you own both of these stocks. People were expecting strong numbers out of time warner to so it could profits case. How is this for a good morning for you . Stocks down just before those earnings come out. And at the same time, rupert has a history of overpaying, right . When you look at the write down that he took on the wall street journal, but ultimately financially he paid a lot of money for it. So shareholders are going to go along with that. Theres a comment in the newspaper this morning which is the new and improved Rupert Murdoch that hes learned his lessons from prior battles. I doubt it. He had less power. He would love to do that. The shareholders couldnt call a meeting earlier, that this was going be something that would drag out over the course of the year. Into t
From the likes of china and europe, that has got to be the hope. Many have to cancel those christmas lunches. We have got so much on our plate. Russia hiking. The Interest Rate the most since 1998. You have got oil continuing to have got chinese manufacturing contracting. That was a surprise. We have got eurozone debt the later today. We have pmis from france. Hope is on the equity market. Lets look at what happened to the ruble. To theeeing a rebound russian ruble. The dollar is down. On a twoday basis. Yesterday we saw the u. S. Dollar up 10 against the ruble. Central bankhe stepped in. The emergency meeting at midnight, raising Interest Rates i 6. 5 . Ls economic growth. If youre going to support the ruble, what happens to growth when you have sanctions . You have oil continuing to fall. Be hurting the russian economy further. Look at oil. We are seeing it continue to drop. Clearly, there is a concern. Keep an eye on the euro. We have got moves coming out of europe. We have data, pm
The Obama Administration has admitted a mistake by not sending a top official to march in paris yesterday. Press secretary john ernest said security would be too challenging on short notice for either president obama or Vice President biden to go. The sitting ambassador france was the representative among dozens of world leaders. Take one name off the list in the race for people who might succeed president obama. Paul ryan says he will not run for president in 2016. He wants to focus on his work in congress. Jeb bush has formed an Exploratory Committee and mitt romney told donors he is thinking about a third run for the white house. New numbers from idc and gartner are painting some different pictures on the state of the pc market. According to gartner, shipments actually grew 1 in the Fourth Quarter. Idc said shipments fell in the Fourth Quarter as business spending slowed down. They agree that lenovo is the worlds top pc maker. The u. S. Military is hit with a cyber attack. The attac