As the government buys, everybody else tries to exit and essentially, the only big buyer left in china is the chinese central government. You have five dow stocks now in bear territory and meaning theyve fallen 20 from the highs. Walmart, disney, apple, exxonmobil, intel. Structurally, legally, in terms of work force, the United States is in the best positioned economy in the world to get through all of this and prosper. The fed is absolutely to blame for this. They have managed this terribly from the beginning and the markets have taken it into their own hands. Prices have to adjust to the economic reality in the United States and europe and china and the question i have, stuart, will the fed allow that to happen . That was yesterday. This is now. Doesnt is look different . The futures indicate a gain of 500 points right there at the opening bell. Again, i have to caution, nobody knows how this thing will end. We can tell its going to be up big at the opening, the ending is another st
Will thrive this year. Billionaire bill gates and many others have taken the ice bucket challenge. Chief executive describes how it is a form of movement marketing. All that and more. We will have headlines from su keenan. Fresh from his appearance at this weeks Los Angeles Clippers rally, Steve Ballmer has resigned. It comes eight months after. He remains the top individual shareholder of microsoft. The companys secondquarter profits topped analyst estimates. Bigticket items like appliances helped to drive earnings. Another stock hitting another rickett point apple. Investors look ahead to new products and bigger screen iphones and wristwatch device that may jumpstart growth. Back to you. Unrest ining ferguson, missouri. Police fired tear gas at protesters. He was there when violence broke out last night and joint his via telephone from st. Louis. Tell us what you saw last night. Last month, the streets of ferguson, missouri look like a war zone. There was tear gas, smoke bombs, loud
Sends his 4 trillion spending plan to congress. I was hoping to have the budget plan with me, but its too heavy, elected on my desk. Its dead on arrival according to republicans, thats how they describe this latest spending proposal great. The white house insisting this budget is reflective of the president s priorities. The totals nearly 4 trillion, blowing past sequestration limits. Hes offering tax relief for the middle class, and he wants to spend 478 billion on infrastructure, asking Corporate America to foot most of the bill. He doesnt make a dent in the deficit, but it also doesnt make it worse. It arrived with a warning from the president. I want to work with congress to replace my list mindless austerity to strengthen america. We can do so in a way that is fiscally responsible. Im not going to accept the budget that locks and seek was ration Going Forward. It would be bad for security and bad for growth. Sequestration Going Forward. They will start selling this proposal tomorr
Latest details on the spending bill as it reaches the u. S. Senate. We will get to all three in a moment, but first, lets get to some of the top stories we are following this hour. The s p 500 is headed to its biggest drop in two months as Oil Continues to sell off. The s p is down as you can see more than. 5 . Thedow is falling and nasdaq is down fractionally. Oil is under pressure yet again. Crude is over 3 atthe red, right now 58. 06. Low oil prices are hurting the economy. What this bloomberg may mean for fuel costs. When prices collapse like this, it is a scramble. We dehedge, in a sense, and then look for opportunities to read hedge when we can. When prices fall, overall, the airline has far less fuel cost, and that is the big key here, we will have a billion dollars in in 20 15. Costs london was thrown into chaos after a computer error caused flight delays at heathrow airport. Gnats controls all of british airspace from two centers, one there and one in scotland. Sell its stake
Massive stimulus deal after days of signaling he might not. But the delay means a lapse in benefits for many jobless americans. The president s final strategy is clear, create chaos as his time in the white house runs out. Also running out, 2020. But as we close out december, a tragic fact. This has been the deadliest month in this pandemic so far. And sunday was the highest day for air travel. Now Health Officials are bracing for case numbers to surge again. So lets start in washington, john harwood joins me now. John, the president is still pushing for a vote that increases checks to 2,000, repeals section 230 and start an investigation into voter fraud. Is this just falling on deaf ears at this point now that the bill is signed . Reporter just keeping it real here, what the president is actually pushing is the go button on his golf cart in florida. What he has written down on this piece of paper and issued in his signing statement are things he says he is pushing. What are those thi