Decision and more importantly not the decision, but what the fed says. Steve . Hey, tyler, good afternoon. The vote has already taken. The decision has been made. All this probably left is a little last minute mimeographing of the statement to see whether or not the fed will face some new facts and it does face a new set of facts when it comes to the economy and markets. Here is a look at some of the things that changed since the last meeting. And with the question of how much they actually address in the statement. Stocks obviously have sank. Volatility has surged. Oil has plunged. The inflation outlook has got to be lower now. The Economic Data has weakened. For the Fourth Quarter, between 0 and 1 growth. The dollar strengthened. Jobs number, a bit softer after that blowout number we got for december. The claims numbers have come off. The question becomes, guys like jeff gunlack come forward with but the fed survey, step forward and say the fed should see all this as transtory, not w
A barrel of oil, 42gallons of crude now costs about 57. Just a couple of months ago, that same 42gallons cost 106. If you drive a lot, it was like getting a raise. If you are corporate or National Income is based on how much you can get for that barrel, you just got a cut in pay. Close to 50 . What the tumbling price of crude does in an inter naturally connected World Economy where Christmas Shopping americans iranian generals, venezuelan bureaucrats and chinese factory owners all are feeling the effects of cheap oil. Oil prices have been falling at record speeds this year. To the delight of Many American drivers. I am glad it keeps going down, like we got enough bills and insurance and Everything Else to take care of. Gas should be the least of our worries. In the last six months, oil prices have dropped 45 . In october, when the price of oil was down to around 80 a barrel, we asked our guest, professor of International Business how low oil could go before we should start to worry . A
Oil, 42gallons of crude now costs about 57. Just a couple of months ago, that same 42gallons cost 106. If you drive a lot, it was like getting a raise. If you are corporate or National Income is based on how much you can get for that barrel, you just got a cut in pay. Close to 50 . What the tumbling price of crude does in an inter naturally connected World Economy where Christmas Shopping americans iranian generals, venezuelan bureaucrats and chinese factory owners all are feeling the effects of cheap oil. Oil prices have been falling at record speeds this year. To the delight of Many American drivers. I am glad it keeps going down, like we got enough bills and insurance and Everything Else to take care of. Gas should be the least of our worries. In the last six months, oil prices have dropped 45 . In october, when the price of oil was down to around 80 a barrel, we asked our guest, professor of International Business how low oil could go before we should start to worry . Are there bes
It is positive. Nine days of the last ten trading sessions. S p 500 also on track to close at a record high for the 52nd high in 2014 and nasdaq just turned positive for the month of december. And is trading around the highest level since back in 2000 and a close eye on the russell 2000. The index of small caps trying to close at a new high. We are seeing intraday records for the First Time Since june. If it does close at a record, thats the First Time Since back in march. And just think last october it was down as much as 20 from that march 4th high. Talk about a round trip for the small caps index. Incredible rebound. Talk about it with the guests today in the exchange. We have rob morgan with us. Jim lowell. Nicole sinclair. And our own jeff cox from cnbc. Com. We have trader Matt Cheslock and, matthew, ill start with you. What do you make of whens going on right now. Back at alltime highs including those small caps that were hit so hard through much of this year. Yeah, well, time t
Beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. And its costing billions and billions to tap into it. With all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. Let me be blunt is it your hope to prevent a switch away from oil . Somebody said the country is the oil business. I mean, you absolutely need to do this for your own survival. And whats wrong with that . [ticking] when the u. S. Oil companies came here in the 40s and 50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. They created a replica of american suburbia. Today you could be in the outskirts of houston or los angeles. Its almost like its an enclave within saudi arabia. Itsdifferent from the rest of the country. Yes, thats true, because very different. It kept a lot of the american ways. Yes, of course. But block