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Snap chat is worth 19 billion. Has 35 employees that is well concentration. It may also be a bubble. Walmart raising wages, varney and company is about to begin. Don stuart we will bring this to you. Oil inventories, the amount of oil in storage did go straight up . 7. 7 Million Barrels, that is what we have in storage, twice what was expected to be in those tanks and that sent the price down. We have oil around 50 a barrel. Was 49 a little earlier. In a couple minutes we have the man who called the drop in oil prices, joins us from chicago momentarily, the current drought is not over yet. Terror has got to be front and center in the news just about every day these days and president obama is standing by his claims that to prevent people turning to terror we need to create jobs. Poverty is the root cause of terror, he says. This is what he said at a white house summit i am quoting again directly we do have to address the grievanc ....
To the floor of the Stock ExchangeNicole Petallides standing there. Nicole we are down 6 of the last seven trading days, a different picture. Some things that may have turned the hour around the dow is up 156 points, a gain of one full percentage point. What may have caused this word gdp numbers and also economic numbers were good or good enough, earnings and outlooks that seem to be better than what we have gotten over the last 24 hours and fewer worries about emergingmarket, took out a wild card. That being said, the dow is 154 points, the s p 500 up 1. 3 . Lets take a look at ups, profit came in, stronger 2014, tough time during the holiday season, a flurry of lastminute orders. Up 1 right now over 52 weeks, year to date, ups and fedex still in the red. Back to you. Lori gains on wall street, emerging markets, crawling back from their route to. Trading near the level b ....
The level is 16. 67. Down more than 15 . Yesterday, the vix hit 21. It has certainly calmed down. Hoping for a coup by jan moment in washington, d. C. Lori lets get more on that partisan logjam. It is finally showing signs of easing. Rich edson with his exclusive reporting. Rich House Republicans will present president obama with an offer. If bars treasury from extending that. He is taking nothing off the table. It is time for leadership. It is time for negotiations and this conversation to begin. I would hope that the president would look at this as an opportunity. Rich jackboot disagrees. I think prioritization is just default by another name. It is just saying that we will default on some of our obligations. By definition, if we do not have enough money, we will be in default on our obligation. Rich he also says it would be difficult to reprogram computers to pay some bills, but not all. Lori we want to go into peters report ....
Policy and dont trust him on a new emigration law. The white house said it plans to keep working on the issue. I have made clear for 15 months the need for the congress and administration to Work Together on Immigration Reform. It needs to get done. I will continue to talk to my members how to move forward. The president will do his part as well. We remain optimistic about the prospects for comprehensive Immigration Reform. We have seen significant movements on republicans on this issue. We should note the speakers remarks came a day after Senate Republican leader Mitch Mcconnell raise doubts about Immigration Reform legislation for this yea ....
Dow jones industrials. We havent been there for some time over the last couple hours. Interesting to see us getting a little pop here the dollar strong ran the vix tire and durablegoods orders rebounded into september and looks better than august and initial jobless claims fell below expectation. We are looking at the dow up almost ten points gaining 0. 1 . Proctor and gamble is the best performer on the dow, one of the names helping the dow along. They came out with their numbers. The profit for the first order rose more than expected. Shareholder, talking about cutting costs to get things rolling and restore growth and that is what they are doing, stock hitting a multiyear i. 80 of the countrys top executives are urging congress to reduce our deficit. Three key points to get our nations debt in check, reforming medicare and medicaid, strengthening Social Security and initiating progrowth tax reform. Here with more is exclusivel ....