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who is in jordan, says the navy is investigating. secretary mattis: my thoughts and prayers are with the sailors and the families of the uss john mccain. we obviously have an investigation underway, and that will determine what happened. the uss mccain has docked in singapore with significant damage. it is the second fatal collision involving a u.s. warship in the pacific region in two months. army surgeon bowe bergdahl is choosing to be tried by a judge, chargeslitary jury, on he endangered his comrades by walking off a post in afghanistan. he faces charges at a trial scheduled for late october. bergdahl walked off his post in afghanistan in 2009, and was subsequently held by the taliban and its allies for five years. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. lisa: i am lisa aronowitz. julie: i am julie hyman. joe: we are happen hour from the close of trading. lisa: the dollar slightl ....
now is probably benefiting around $1,000 a year, and some very detailed microdata that i have seen on household spending patterns suggest there may be a link, as you would expect from reduce reduced amounts that people pay at the pump to overspending like eating out for restaurant meals and other things, but the aggregate data, you know, is not as strong spending is not as strong as it could be given the decline. and, of course on the other sigh we are it may be that it will take a while and it s something that will slowly strengthen over time if oil prices stay low. on the other side, of course, we have seen a marked decline in drilling, which is depressed investment spending, and, of course, very substantial layoffs in the energy sector. with respect to impact of oil prices on inflation and what would happen if they move up, the committee has generally tended to look through movements of oil prices, whether they were on the up side or on the down side, viewing it ....
today will be the tiebreaker at least but it just tells you a lot about the month. it s been up it s been down. in fact an even number of times. but what s also interesting, let s all remember this is the day before the fed announcement and usually you get a very quiet day ahead of that and you re getting anything but right now. triggers aren t taking a stand either up or down ahead of the fed meeting. final hour of trade begins with the dow down 129 points after a strong session yesterday. interestingly, it s not like yesterday where all the indexes were up by about the same amount. the dow is giving up almost 0.75%. the s&p doing better only off 6 points. a third of a percent. and the nasdaq did turn green on the session. it s up by almost 7 points to 4,936. some interesting moves. let s see what oil has been doing as well. down another 73 cents or 1.6%. we re sitting near six-year lows for the price of oil, and i happen to know also that the price of gold h ....
the dow holding marginally above water. as for the nasdaq and the s&p, let s get a check on those two as well. they ve been kind of positive today, but not superbly so. at least it is a positive start to the trading week. now, forget about the number of days shopping days until christmas. we re talking about 13 and a half trading days after today how to position your money ahead of what might or might not happen with the fiscal cliff deal. are we ready to go? let s find out how you should be investing. everybody s looking at me like i should not be saying something right now. okay. everybody s there. mandy? okay. joining us now we have a cast of thousands. dan mcmahon from raymond james. nathan backrat. and our very own rick santelli. thank you for joining us today. nathan, let s start with you. so 13 and a half trading days left. what do you do with those to make it worth it? y better have the right allocation to begin with. in the meantime guess what s gotten ....
almost 2% of the lows of the session. look how quickly rebounced back. that 1.2% decline put us right at the correction move. we were down about 10% from its recent house, maybe a bounce off that level is what we have? haven t had a correction in the nasdaq since 12 to. yahoo! is going to report earnings. the question is how much will that affect trading activity as well? that and a couple other companies will be reporting tonight as well. speaking of fast moving changes, if you were watching this show yesterday, you know anything can happen in a final hour of trading, and here s what we were talking about. 3:00 yesterday, the dow fading fast. only to do a stunning turnaround in what some down here, yes, were calling the shaq rally. there he is. when bill and i started interviewing the former nba great here at the exchange, maybe coincidence. i think not. the real point of all of this, we need to get shaq back on the floor right now. i think the traders wo ....