We are down across the board these would be losses for the week that will end four weeks of gain weve seen up to this point. Does this count as the first week of 2020, even though it is only two days . We could look at the fiveday thing and if it is up, we could say that is the first week this is up as we see crude oil prices jumping we see that wti is up 4. 1 the gain to 63. 72 a barrel ice brent up by 4. 3 Natural Gas Prices up. Crude is the real focus as tensions are on the rise in the middle east. The market is up 30 from last year that is a place for people to look this year as for gains. We are moving crude from 60. We are not moving from 62 but based on the tensions rising you think about the heighten tensions and what this will mean for the potential repercussions in the middle east the idea of additional strikes of any ships going through the straits of hormuz, people will be watching that closely theyve been blessing with the Oil Production for months. We always look forward
Thats what i keep thinking on a day like today stocks trashed a week ago, started rebounding like crazy. Dow gaining, s p advancing and nasdaq 0. 54 makes you wonder about the markets rationality youre wondering, thinking is it even sane . For the most part nothing wrong with the stocks that. Reporter zbls. That were hammered in the selloff. But market is not crazy or irrational in reality traders tend to make wild overgenralizations, act fast mistake to assume they know what theyre doing. In short the market is often wrong but we credit the action with being brilliant how wrong with the market be egregious examples tonight rotation out of technology that didnt make a lot of sense sales force. Com. Stood at 92 roared to 102 in earnings when the company reported, results superb, really stupendous, scrutinized them line by line and had such faith it was that good what happened to the stock got completely bushwhacked fell under 100 in a couple of days as part of the rotation out of fastgr
Passthrough entity and so the president and the argument is that the americans gave the benefits. Well, if we didnt get any of the benefits, i think that we should be confident about that. And its important to know that this is not the first time had this discussion in front of us and it was defeated 33 to 65 and we have many of our democratic colleagues join with all the republicans to reject a statutory ban on exports. And this amendment that is pending, a they will see the same thing. And i say that because it continues to be unnecessary and i believe that it takes a pause in the wrong direction. And the department of energy has looked critically at this issue at the Keystone Xl Oil being exported. Whether or not that makes sense. So they have sent it pretty physically that without a surplus of heavy oil in the gulf coast area, there would be no economic incentive to ship canadian oil to asia where it is coming out of. The department of energys conclusion was pretty it was a pretty
The presiding officer the senate will come to order. Mr. Menendez [inaudible] and after having had the benefit of having a hearing on the pipeline ive decided to oppose this bill for four basic reasons. First, on the bill i am deeply concerned that if approved, this pipe lynn will be the first of many pipelines opening one of the largest sources of carbon on earth to exploitation. Second contrary to what many believe, im convinced this pipeline will simply not enhance, help, or in any positive way improve our energy profile. Third, in my view, it is completely absurd for congress to take the role of permitting pipelines. It is a role we have never assumed and should not assume now. And, fourth, i believe its ridiculous that our republican colleagues insist on language banning Eminent Domain for National Parks legislation but oppose it when it comes to foreign or private projects like keystone. Furthermore, mr. President we cannot underestimate the Environmental Impacts of this pipeline
Youll hear comments from the House Speaker, nancy pelosi and president obama, but well take your thoughts on the lawsuit, as well, and everything surrounding it. Democrats. For republicans, and 202 5853882 for independents, if you want to post on social media here is how you do on on twitter. cspanwj. And you can send us email, to journal cspan. Org. As youre calling in giving comments, write up from the newspapers, the New York Times saying the lawsuit was mr. Boehners republicans would fight the president s efforts to revise Laws Congress passed while not going as far as many on the right would like mr. Boehner had hoped to avoid, paul broun of georgia, tomorrow as massy of kentucky and steve stock man of texas. Here is a little bit of the House Speaker from yesterday on the vote. This isnt about republicans and democrats, its about defending the constitution that we swore an oath to uphold. And acting decisively when it may be compromised. No member of this body needs to be reminded