, a groups pulling us there lot of the cyclical groups. Consumer discretionary stocks are leading the declines with Health Care Help to limit the declines. The other notable mover of the session would be the u. S. Dollar. We talked about the correlation less thanrices the fact that the dollar has been down and that is something investors are increasingly talking about. Were is some talk that maybe could see a return to strength for the u. S. Dollar. Take a look at the bloomberg care. Going back all the way to the 70s and the trade weighted dollar. The other time we have had long runs, have been longer than the current run in the drop in the past month or so notwithstanding. You had all volcker being named fed chairman and a 67 month rally in the u. S. Dollar. Then the dollar came down and in the 90s, robert rubin in treasury spurred and 81 month rally in the u. S. Dollar and we have had a current rally that is only 57 months. Past performance does not guarantee future results. But the
Today with oil down quite a lot. In fact, its currently down by nearly 3 sitting below 42 bucks a barrel. Over the last year oil has lost 45 of its value. Who do the numbers stay . Coming from the transport sector the numbers may be signaling a possible recession. Well tell you what those numbers are and why you might want to take note. As we can see, stocks are sliding at this hour. Get down to the floor with bob pisani. How much of this is due to oil, bob . A very large part of it. Lets look at the s p 500. We got down right at the open, 12, 14 points on the s p and nefer looked bac ee eed back. Mandy is right, its the commodity complex, particularly Energy Stocks thats having a problem and this has been going on for days. Big moves down in some of these names, and sop me of them are dn double digits, anadarko, murphy, down double digits. Weve been talking about this all week. We know the lowest level since august, a lot of warm weather. There was some disappointment we didnt get a d
What is talking about. He faces huge rhetoric. But also, do people understand what it means to have a ground game in syria, how much money that would take, how many years we would have to be in these countries . With an outcome at best ambiguous and impossible to see. Loss of lives, thousands and perhaps tens of thousands. Listening to military advisers, he can see that is a difficult choice, when he does not want to engage in. He is facing a reaction from the American Public and europeans what are youll as, doing to stop this, how are you, the president , under which i feel safe. Is there a correlation between the need and the obligation for the president to dress security concerns and policy issues, the greater that is, the worse it is for democrats of 20 fix it of 2016 . The bottom has not fallen out. He is still supported by a lot of americans. There has not been very often a rallying effect. Even after bin laden was killed, his Approval Ratings spiked up low briefly and then came
Thanks very much. We have a puzzle here. I have the rapid update of gdp in the Fourth Quarter but the data which leads to a downgrade also makes economists optimistic. Here is the data. Q4 tracking 2 . That is down 0. 3 because of the data this morning. Q3 gdp 2. 1 . Thats tracking right now. Here is the Fourth Quarter outlook. Bank of tokyo mitsubishi at the high end at 2. 8 . Goldman sachs, barclays at 2 . Atlanta fed gdp, 1. 8 . Morgan stanley at 0. 9 . Here is the data that brought down the growth forecast despite the down grades though some see reasons for optimism for the Holiday Shopping season. Jobless claims ticking down 12,000 to 260,000. Thats back in that low range weve had before making people optimistic about consumers have jobs for the Holiday Season. Durable goods up better than expected, 3 , and here is the big numbers here. Personal income up 0. 4 but spending doesnt keep pace. Up just 0. 1 which can only mean one thing. The savings rate ticks up. 5. 6 . So whats the
Just why was that malaysia air flight flying over such a dangerous area and what has been the policy of all airlines that fly internationally with so many hotspots across the globe . We have phil lebeau standing by. Hes been looking into that. And for anyone who travels, you may be surprised about where airlines have been willing to go, at least until yesterdays tragedy. Then back in corporate america, two developing stories. Time warner trading above rupert Murdo Murdochs 85 offer, which was rejected. So, what does that say about what wall street thinks is going to happen next . Somebody thinks were going to get a deal. Yep, for sure. But at a higher price. Also, fedex higher today, despite being indicted by the u. S. Government, accused of being a drug mule for illegal pharmacies, saying fedex is knowingly shipping drugs to dealers and addicts. Well look at the governments case. All right, lets get you caught up on the markets. Weve essentially, as michelle was highlighting, done a r