The dow losing 53 points. The nasdaq dipping. 19 . Lets go over how oil can be crushed so badly, down 1. 78. Weve got inventory numbers that indicate we have oil coming out of our eyeballs. How much . Total petroleum rose to 2. 1 billion barrels. Were being flooded with crude from overseas and still pumping here. Weve found a triple off the bottom. Theyve found out how to get more out of the ground than they could two years ago. In the last 18 months it should dazzle silicon valley. The reduction of Oil Consumption because of newer and more efficient engines. Investors must presume there must be slackening in demand due to a weakening of the economy. They never stop to think about innovation, technology. I get that. One of the things weve experienced this summer is the resurgence of things like housing, all because of job growth. However, in order for the stock market to absorb the rate hike, weve got to feel confident the economys firing on all cylinders, dont we . Theres no way we ca
Ended where they began yesterday. It was i guess a quiet august day. Today is september, though. How did the european markets fair on the first day of september. Whatever happened to italy and spain . Come on, guys. But theres germany, france, and, of course, be the uk is the three, the one that was in the red. Theres wti crude, continuing to fall now below 45, well below this morning and that 10year note yield creeping above 1. 6 at 1. 613. Our road map this morning does start with the first trading day of september. If you woke up and didnt look at the calendar thats what the day is. Its a volatile month. Whats going to be coming. The apple tax saga far from over. Tim cook calling the 14. 5 billion tax bill from europe total crap. And european officials are firing back. Shares of salesforce falling this morning. This after earnings that were fine, Ceo Marc Benioff spoke with jim last night on mad money and well get into whats going on there and why that stock is looking down this mor
Weve got inventory numbers that indicate we have oil coming out of our eyeballs. How much . Total petroleum rose to 2. 1 billion barrels. Were being flooded with crude from overseas and still pumping here. Weve found a triple off the bottom. Theyve found out how to get more out of the ground than they could two years ago. In the last 18 months it should dazzle silicon valley. The reduction of Oil Consumption because of newer and more investors must presume there must be slackening in demand due to a weakening of the economy. They never stop to think about innovation, technology. I get that. One of the things weve experienced this summer is the resurgence of things like housing, all because of job growth. However, in order for the stock market to absorb the rate hike, weve got to feel confident the economys firing on all cylinders, dont we . Theres no way we can fuel that if our best thermometer of the economy, oil, is falling out of bed. Now i think the preoccupation with oil is positi
Crushed so badly, down 1. 78. Weve got inventory numbers that indicate we have oil coming out of our eyeballs. How much . Total petroleum rose to 2. 1 billion barrels. Were being flooded with crude from overseas and still pumping here. Weve found a triple off the bottom. Theyve found out how to get more out of the ground than they could two years ago. In the last 18 months it should dazzle silicon valley. The reduction of Oil Consumption investors must presume there must be slackening in demand due to a weakening of the economy. They never stop to think about innovation, technology. I get that. One of the things weve experienced this summer is the resurgence of things like housing, all because of job growth. However, in order for the stock market to absorb the rate hike, weve got to feel confident the economys firing on all cylinders, dont we . Theres no way we can fuel that if our best thermometer of the economy, oil, is falling out of bed. Now i think the preoccupation with oil is po
Futures this morning after those gains, youll see there are still green arrows indicating a higher open, as well. Dow futures indicated up by about 44 points. S p futures indicated up by close to 5 points and the nasdaq is up close to 14 points. An rue, ill send it back over to you. Lets talk about the deal of the morning. Facebook is now getting into the wearables market. The social media giant acquired a Company Called oculus vr for about 2 billion. They make Virtual Reality headsets. Their main product called the oculus rift is primarily used for gaming. Mark zuckerberg posting a statement on facebook saying after games, were going to make oculus a platform for many other experiences. Imagine enjoying a courtside seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor or facetoface just by putting on goggles in your home. I know where i know. Youre waiting for the sound effects in the what has driven he ever what drives all of