Said there. Wti, 49. 54. You rolled your eyes. Im trying to figure out i initially thought that ge was going to sort of double down and cost average in, because now things are cheaper to buy. It looks like this is sort of if response to trian, trying to get more focused on turbines and medical imaging and the other businesses, sort of maybe offload something theyve been trying to get in in such a big way since 2007. Theyve been adding to oil and gas, right . Now theyre getting out. We dont know. Though the company picked all the wrong times to get into all the wrong businesses. I wasnt going to say that. Being a big bank, energy company, or a media company. Which makes me think they own all these what i think are valuable oil and gas assets, now its cheaper to buy them, the ones you bought for too much, you can buy them at a better price. Now they will offload some of the stuff they bought at higher prices . Put it into a partnership, spin it off. Unclear. Have you made calls on this .
Of billions of dollars from Health Care Stocks to techs and industrials and then bolted from the market altogether when news came out that the fbi is probing some newly found Hillary Clinton emails. Then after further review, the money flowed right back, but only dau closing down just eight points. Nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. Heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health care stocks, which had been under pressure throughout the Campaign Season bled from the eyeballs today thanks to a couple of monster shortfalls in the Health Care Cost conta
Bond yields at zero. Yen this morning, the nikkei higher by 17 points, hang seng higher by 212 and shanghai composite by 21. 5. There you go. Back here in the u. S. , deadly pipeline explosion yesterday in shelby, alabama. One person was killed and five others injured after part of the Colonial Pipeline burst. Colonial shut down its main pipeline after the incident. This is the second time in two months hit to close the pipeline which is a crucial supplier for the east coast. In an update late last night colonial said a track hoe, a machine used to remove dirt struck the pipeline and caused the gasoline to ignite. The october ism Manufacturing Index in september and Construction Spending are due out today 10 00 a. M. Eastern time. Automakers will report their sales throughout the morning but ford wont release its sales figures. Those numbers are delayed following a fire at fords dearborn, michigan headquarters yesterday. They are now expected later in the week. The fed begins a two day
Clintons administration serving for nearly eight years. She was 78. And in a 5. 0 nag any attitude earthquake in central oklahoma damaged several buildings. The Downtown Energy hub of cushing was blocked off and part of the area was without power for two hours. There were several gas leaks but Officials Say they have been contained. No lifethreatening injuries were reported. A spokesman for the Oklahoma Corporation Commission Says that they have been in contact with pipeline operators in cushing and no immediate reports of problems. Weird, though. Never was an earthquake center. Odd. Back to the political story this morning, the fbi director james comey is maintaining his recommendation that Hillary Clinton not face charges following the newlydiscovered emails. And ayman is here with more. Good morning, joe. We had twists and turns down to the last day in the president ial campaign. But late yesterday the fbi director james comey sent a letter to capitol hill saying the fbi completed i
The key question is who will be in Donald Trumps cabinet . Mr. Trumps advisers are considering jamie dimon for that job. Jamie, if you would like to call and confirm or deny we would love to hear from you. Plus mr. Trumps energy plan. He said he would cut regulations and revise the coal country. We have the ceo of Conoco Phillips with us to tell us how he is preparing for the new administration. I will be interested to hear from ryan lance. Live from the dealbook conference interviewing. We look forward to those interviews. Goldman on a tremendous run as there is lots of talk about repealing doddfrank and other factors. Comments earlier have chipotle up. Chipotle is benefitting there. Lets start with the dows run into record territory. Bob pisani has been tracking the action. The dow is outperforming everything up 1. 4 . Very unusual because the dow has a lot of stocks benefitting from lower regulations and the infrastructure play. Remember the dows price weighted. Here is the biggest