At the white house feels that the only way they can get a bill is to go along with this. Reasonuld be the only they would sign such a bill that would weaken a critical component of Financial System reform. The senate could pass the bill as soon as today or over the weekend. He price of oil keeps plunging oil closed below 60 per barrel yesterday, for the First Time Since july, 2009, when prices as 58. 80. Ow iaea says supply from nonopec producers will be bigger. Opec decided against reducing out what reducing output. The director of the cia aced the media cia faced the media to answer questions about the torture report. He said it is unknowable whether Harsh Interrogation Tactics produced results. The Previous Administration faced agonizing choices about how to pursue al qaeda and prevent additional terrorist attacks against our country, while facing our fears of other attacks and preventing other catastrophic loss of life. There were no easy answers. Was his first public appearance si
Princeton professor alan krueger will be joining us. He has argued all year long the u. S. Has to address income inequality. Will that change in 2015 . Here they look at top stories is morning. A breakthrough in the search for the missing air asia passenger jet. Debris has reportedly been found. Indonesias navy has spotted debris that says may be an emergency exit door. At least six bodies have been found. The air asia plane disappeared while flying from central indonesia to singapore. Stocks are falling around the world this morning. Futures indicate u. S. Stocks will be lower at the open. Energy stocks are leaving the decline. The price of oil fell again to a fiveyear low. Tom petri of petri partners has devised u. S. And saudi arabia on oil. Heres his advice for president obama. The white house will view this as a plus for the u. S. Economy and therefore they will let those sources run as well. The row question would be will they approve the keystone pipeline, will they move forward
Cook, with more on todays talks between president obama and german chancellor Angela Merkel. Good afternoon. Peter good afternoon, mark. Striking a united front today at the white house and criticizing russia for destabilizing the ukraine, even as they may disagree on the next moves to come to get Vladimir Putin to change his policy, most notably providing more military for the ukrainian government. Highstakes meetings behind closed doors for both leaders. Ukraine dominated the conversation, but there were other topics as well. Angela merkel thing she cannot guarantee her push for a ceasefire will be successful. But she feels like she has to try. They both said a military solution to the crisis in ukraine is not possible, and even the merkel objects, the president said he had not yet decided whether or not to provide legal defensive weapons to ukraine, as members of both parties of congress have been asking to do. Take a listen. President obama it is true that if what we are doing righ
Except for that stock. Look at apple. A close above 114. 29 would make it a 800 stock on a presplit basis from the time it went back and we are there now at 115 and change. While snow and cold is here across much of the country, maybe the santa claus rally is also here, as well. Well be following all of that in this final hour of trading today. Keeping an eye on gold here. Coming up, Vladimir Putin now hoarding gold . New report says he is. Why . Well speak with will rind shortly in a first on cnbc interview. You wont want to miss this. Do we need the look at the video of him without shirts on . No. Viewer request. And as obamacarols out for year number two, the spotlight is not on the website but how the law was passed and whether or not the people intentionally deceived. The glib comments coming from one of the laws advisers continues to gather steam. We will have the latest on all of that coming up in a little bit here. Yes. Lets get straight to it with the Closing Bell Exchange. Th
U. S. Equities and we are at this point at this moment the dows down about 3. 3 from its most recent peak. The nasdaq the russell, the s p all down a like amount right now. Lots of key levels to watch today. The fact below 50 in wti crude, some of whats happening in the rate space and waiting to talk about that but again were starting off the year in a trading session that people love to extrapolate for moves from here on a weak note. It goes without saying this final hour will be very instructive. Do they start to buy on the dips . They havent yet. Or do we get even more selling come into the picture in this final hour . As mentioned, as we get into this final hour underway here the dow off 340. Nasdaq off 1. 7 . The s p off almost 2 and biggest decliners in the dow are energy names and also the financials. Theyre also a Big Industrial name like caterpillar and a lot of other companies with international exposure. Last we checked two components of the dow are positive. Merck and cocac