S p 500, and nasdaq to record highs on pace for another set of record highs for the dow and s p 500 potentially the fourth in a row. Mentioning theh three major averages are on pace for weekly gains as well, the third week of gains in a row. Big strength for u. S. Stocks. As for one market moving in the opposite direction, we are looking at oil. Down nearly 3. 5 . What could be going on here for the second day of declines in a row, opec is negotiating to work out the supply cut deal may have been trying to do for quite some time, now negotiating with iran iraq signaleder they will cut supply. This is dragging right now on oil. The downward action we are seeing in oil, not surprisingly, dragging on the s p 500. Energy is down nearly 1 . We had some of the big e p players down significantly, including marathon oil, anadarko. What could happen with oil, we went to the bloomberg. This is a roughly threeyear chart of oil. We see that downward plunge when oil had crashed before. We also see
To do. One fourth of that will be spending, but we dont know the timeframe. Jon there might be a consensus among economists, there is no consensus in this market right now. David im looking forward to that. We will speak to a man who knows the fed very well. Alan greenspan will be joining us in an exclusive interview. We begin with breaking news. Ford earnings just crossing the wire. The Company Making . 52 a share. Estimates were for . 60. Revenue,of actual coming in a bit stronger at 36. 9 billion. The company says it is committed profit. 6 pretax it it does warn that could be at risk even if u. S. Sales of its suvs pick up. We always want to look at pickups. They missed on their earnings per share but were up yearoveryear. Beat. And revenue did yearoveryear and quarter on quarter. Stay with us for that. Mark fields will join us shortly. We want to hit on that interview. Jon Credit Suisse earnings coming through, the swiss bank posting a surprise profit last order. The turnaround pla
Airport. 43 degrees at mount pocono. Very calm win right now, there is in real push in the atmosphere to get wind. We dont have to worry about the breeze but it will be a milder day, overall this isnt looking bad. Low to mid upper 60s, generally expectation milder then it was yesterday for sure. We will see some sun through those cloud. I have to throw is not for a shower at anytime, especially for philadelphia and down near cher towns, southern half of the area just because of this front that is too close for comfort. Meisha, over to you. Not fun at all. All right, katie something we will to have deal w more rain. Some rain. Some rain. Good morning everyone. 422 headlights moving in the eastbound direction past oaks is what we are looking at talking about that sky. Take a look, absolutely gorgeous that blue and that pink overall volume levels look good on 422. Boulevard headlights moving in the southbound direction approaching schuylkill both moving in the south bun and northbound dir
Question their systems, and remember whos the biggest short in this. It is big ackman. This has been the trade hes been ringing the bell on the last three years. Is he getting closer to getting his way . Unclear, but we know this is a very big number. David ease government regulators as it turns out. Stephanie not the only big thing happening today. Roger the other big thing happening today, bridgewater sitting down with Eric Schatzker. Thats coming up later on. Lots of news to get through, and lets start with the first news. Mitt romney is going off to donald trump in a few hours, the former president ial candidate will make his case why trump shouldnt be the nominee. In prepared remarks, romney says donald trump is a phony, a fraud, his promises are as worthless as a degree from Trump University. His domestic policies would lead to recession. Is foreign policies would make america and the world less safe. Trump says romney ran a terrible campaign four years ago. It didnt take long fo
Processing more oil, up 7 10 of 1 , and if you take a look, as i oil versus theof s p 500, the s p 500 is in yellow, and not a perfect correlation, but oil not hurting with the action we have seen in the s p 500, and i also want to call up the set errors. Call up the sectors. Chor we can see that the mining stocks are doing the best, almost a 50 gain for those stocks year to date. Also andergy energy also. They are keeping the major ones in float. We have been monitoring all day Chesapeake Energy, the company that Aubrey Mcclendon founded. He was killed in a car crash in Oklahoma City and was in died because of alleged collusion with another company over the whereeing paid for land drilling was taking place, so we are seeing those shares up 34 right now. Other oil providers have also been rising, and these aims have been even amid a sharp decline in natural gas. It is trading at a 17year low, Morgan Stanley coming out predicting a recovery, but that is not helping prices in todays sess