U. S. Stocks down nearly 391 points today. The first two weeks of 2016 have been devastating for wall street. It is tied to the plunging price of oil. The world hasnt seen such cheap oil in more than a decade. Thats putting all kind of pressure on countries and economies that rely on petroleum production. John explains the downside. Who would have believed we would talk about this story in u. S. Stole off because wall street is worried too many Commodity Companies will go bellyup now that oil is in the bargain basement. At the new york stock exchange, a sea of red driven by an ocean of black. Cr crude oil so cheap and plentiful investors are scared the low price will damage the Global Economic recovery. A terrible start to the day, terrible start to the year. The selling is universal. Today, the stocks that have done so well last year were up a lot more than the average. The world has too much oil. Its a glut. Thats why its so cheap. While that helps consumers, its devastating for the
The east coast digging out of a snowstorm this morning, areas blanketed in up to three feet of snow, over the weekend and welcome to your world this weekend im stephanie si. Many are shovelling out of the remains of a blizzard and many challenges ahead as the workweek begins. Major delays on Public Transportation and many roads are dangerous and airports in new york city and baltimore and philadelphia are resuming very limited service after thousands of cancellations and despite some picture perfect scenes outside they are urging caution for 29 weather related deaths since friday. 88 Million People across 24 states directly affected by the weekend storm. The impact will linger for days. In washington federal offices and schools are closed today. While snowplow crews did make some progress sunday those overnight lows are freezing any snow melt, snow plus wind and rising tides flooded towns up and down the jersey shore. Pennsylvania people are cleaning up and dealing with damage like thi
Number two, for the democrats, lean into not taking our community for granted the visible failure to use failure to stand with our community proved costly. They need to embrace latinos policies and priorities. Number three, to the president , the election is over. Act bold to bring relief to the millions facing deportation and family separation. Every modern president has used this authority the Hispanic Community has waited too long and expect you to fill your promise. I am optimistic. Were headed into an election cycle where our community will have the power to decide who will be the next president of United States. We take their responsibilities seriously and we are very confident that our community will act in the best interest of our country. Thank you. [applause] now we will open in 4q and a. Raise your hand. If youre watching on the lives stream there is a Submit Button to click on to know who the year a major question is asked and will also include our other panelist why dont w
Attacks. Hackers attacked the u. S. Militarys twitter account. Welcome to countdown. I am mark barton. I am anna edwards. I am manus cranny. Beats his rival, the award for the best Football Player in the world. Greece doesnt have much time, the words of the greek finance minister speaking exclusively to bloomberg just 12 days before the general election. He has given us a wide ranging interview on his nations prospects and the challenge posed, a snap general election on january 25 and early polls show the antiausterity party is the favorite. Alexis had promised to write off some of the 322 billion euro debt. Greece could be forced to leave the euro and samaras was to start his own deal. Wants to strike his own deal. For more on greece less give it lets give it to Elliott Gotkine lets been speaking to the finance minster. Good morning to you. It was a confident and apparently relaxed finance minister i met yesterday morning. Perhaps, after the elections something less stressful to do ot
The presiding officer without objection. Mr. Markey thank you madam president. Madam president , when the new Congress Opens theres a choice as to which issues we should start to work on. Would it be infrastructure jobs, clean energy jobs, minimum wage increase for all of america . No. No, that is not what the new majority decides to bring up. No. Instead, it is a canadian oil export pipeline. So next week, i am going to offer an amendment that the senate will consider that asks whether we will put Americans First or Oil Companies first whether we will keep this oil and gasoline here for americans or send it to foreign nations to help them instead . If my amendment is defeated, it will make clear that this is not an energy plan that is all of the above. It is oil above all. My amendment says that if we build the keystone Keystone Pipeline, we keep that oil here, we keep that oil here. We keep the diesel, the jet fuel the heating oil we keep it all all here. Because if we send it abroad