First because it was a highly volatile day. We had swing of 346 points from high to low, big moves. Why is the market so volatile right now . I think fear. Fear drives markets. When you see russia raise that rate up six 1 2 basis that is pretty impressive. Theyre in a little bit of trouble. Gerri what youre talking about russias National Bank essentially took Interest Rates to 17 overnight. That was unstabling. But we had oil prices actually come down a couple of cents here. I think that that the next quarter will show up with the consumer. The middle class will benefit big time and Small Business own years john, lets get to that. I thought Falling Oil Prices, we had them go up only a couple of cents today. I thought Falling Oil Prices was good news for all of us, for consumers, country and economist. Yet the market seems to think it is bad news. I dont understand. Why . I dont either. I think the market is very fearful that price deflation might spread from oil to other industrial com
Begin. Stuart we will get to oils collapse and russias panic in just a minute. Taliban gunmen stormed a school. At last count, 126 people killed. Most of them students. The killing of these children was deliver it. Half a dozen terrorist stormed the school. They set off bombs. One soldier killed. The fighting is now over. To the markets. Check the big board right now. We opened down. We are up 84 points. They are at new lows. Ninety dollars a share as we speak. It has rebounded a little. Lets take a look at the price of oil. That is the big price of the year. We have touched very small change earlier. Putin giving pete in part by American Target enterprise fractures. Am i right . He has somewhere around an 80 approval rating. Overnight, the Russian Central Bank came in. It is very bad for the economy. Everything that you buy with those, prices go up. In the meantime, about 75 points on the dow. People were very nervous. If russia fails, what happens in the global economy. Oil has gone
And bankrupty to become one of the nations top lick or brands. First, headlines from olivia. Thanks. Steve moll cough is going nowhere. One day after he was considered of microsoft, qualcomm names him as c. E. O. Verizon will probably demand about 3 billion for the spectrum. And finally, visa and master card won approval for a 5 billion settlement. The lawsuit settled on allegations that the credit card swipe fees are improperly focused fixed. Those are the top headlines. Thank you very much. More news, a potential cable consolidation. Charter is said to be offering a letter to buy Time Warner Cable. This according to a person whos familiar with the matter and this comes after earlier this week when a person said that scoir communications was discussing a possible build for scripts Scripps Networks interactive. Im joined by u. S. Cable Networks Head of i. H. S. , eric brandon. He joins us from san francisco. Good to have you both with us. There are a lot of moving parts. Whats going on
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U.S. Attorney Rebecca C. Lutzko announced this month that Willie Pratt, 35, of Cleveland, Ohio, was sentenced to 470 months (39 years and two months) in prison by U.S. District Judge John R. Adams after a jury earlier convicted Pratt of distributing cocaine and fentanyl that caused the death of a 42-year-old North Olmstead, Ohio resident.