The dow closing down 13 points after being down 112. Thats when oil was really rolling over. Nice recovery there. I have to ask you, how it is that this market, it is still so hot since the price of oil, remember oil rallies a tiny bit off the lows, averages are able to bounce so definitively that we may as well just be one giant stock market devoted to devining oils direction. I feel like im throwing up at the pump everyday i go to work. Ive been adamant about the good things that will ultimately happen to america and american industry when Energy Prices stay low. However, lately as oil keeps plunging, theres a dark underbelly that we havent addressed enough on the show. Namely that the longer crude keeps collapsing, the more stress there is in the system. The worst of fundamentals get for the financials that lent the Oil Companies money, thats what were discovering now. Thats why were glued to every tick up or down in the price of its the financials now. When oils sold off, we saw Sm
However, lately as oil keeps plunging, theres a dark underbelly that we havent addressed enough on the show. Namely that the longer crude keeps collapsing, the more stress there is in the system. The worst of fundamentals get for the financials that lent the Oil Companies money, thats what were discovering now. Thats why were glued to every tick up or down in the price of oil. Its the financials now. When oils sold off, we saw Small Companies go belly up. Thats no longer the case. Now were worried about companies that used to be much bigger than they are now, Companies Like chesapeake, chk, which is right in the blast zone of the recent selloff. For those of you not familiar with chesapeake, they were among the largest natural Gas Producers in the world. It borrowed big and bought key assets making acquisitions with loads of debt that among other reasons contributed to the job. Now he had the foresight to recognize that natural gas wasnt going to grow much. Sow moved aggressively into
Nice recovery there. I have to ask you, how it is that this market, it is still so hot since the price of oil, remember oil rallies a tiny bit off the lows, averages are able to bounce so definitively that we may as well just be one giant stock market devoted to devining oils direction. I feel like im throwing up at the pump everyday i go to work. Ive been adamant about the good things that will ultimately happen to america and american industry when Energy Prices stay low. However, lately as oil keeps plunging, theres a dark underbelly that we havent addressed enough on the show. Namely that the longer crude keeps collapsing, the more stress there is in the system. The worst of fundamentals get for the financials that lent the Oil Companies money, thats what were discovering now. Thats why were glued to every tick up or down in the price of oil. Its the financials now. When oils sold off, we saw Small Companies go belly up. Companies that used to be much bigger than they are now, Comp
Worldwide exchange. On cnbc. Europe may be on vacation, but were not. Im sara eisen. And im wilfred frost. They steal you away for one, but two hours today. Lets not make it a regular thing. Delighted to be here today. Lets have a look at u. S. Equity futures. Pointing to higher. Last week, we did snap a fiveweek win be streak for u. S. Stocks. Only about to the center or so for the main bosses here in the u. S. Today, were pointing to higher. The dow significantly up by triple digits, 102 points, s p by 11. And nasdaq by 28. Lets have a look at the tenyear note as well. Only 1 of declines in equities last week, but we did see quite a lot of yield compression. We saw the yield on the tenyear fall to around 1. 85 . At one point, we were at 1. 9 . Last week, a little bit riskoff. But largely a lot. An apparent suicide bomber killing at least 65 people, including women and children. Abreakaway faction of the taliban claiming responsibility. Crowd was christians. A spokesman said the attac
This is al jazeera america, good morning and live from new york city im Randall Pinkston and less than half an hour the Clerks Office in kentucky is set to reopen and for the First Time Since june the office will issue marriage licenses now that deputies are in charge. Their boss, kim davis, is in jail for violating a federal court order and refused to issue marriage licenses to anyone to avoid giving them to same sex couples and davis says she was following her religious beliefs. John is live for us outside the Clerks Office in moor head kentucky and what is going on there right now . Good morning to you, randall, welcome to rowand county and the county Clerks Office, at the moment there is a handful of supporters here representing kim davis and carrying plaques and banners and lots of journalists and told same sex couples on the way here for the reopening of this office at 8 00 a. M. Eastern this morning. Not much at the moment but we are told they are coming. At this minute they hav