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CNBC Mad Money February 23, 2016

While they pause today given the market wide pullback, dows singing 189 points. Nasdaq dropping 1. 47 . Its worth asking if this might be the pause that refreshes the old smokestack. Let me set the scene. Conventional wisdom has been if oil goes higher, its a good day for the market and if oil goes lower, sell, sell, sell. Its a bad one. So, it went down two bucks. Got hammered. We saw the urgency of that formula writ large today because we learned jpmorgan has 44 billion in oil and gas exposure. Thats 44 billion in oil and gas exposure. Kind of like making it the exxon of banking with hopefully exxons discipline. Oddly given the plumeting price of oil, only 15 million in loan loss reserves. Even though 19 billion is loan portfolios. Say firms with junk bond status. Boo. And 39 of it was made to Exploration Production companies. The wos f the worst when it comes to who is paying anybody back. Jpmorgan said the
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CNBC On The Money October 11, 2015

Expensive. Two small liberal arts colleges are announcing a 40 tuition cut next fall. The price of admission is our cover story today. Here is an equation for todays college students. The education that they are paying for is 12 times more expensive than a generation ago. The cost of Higher Education jumped twice as cost as medical costs and three times faster than housing and food. The average College Tuition is 31,000. For public universities the annual tab is 23,000 for out of state finishes. In state residents pay more than 9,000. Utica college in new york and rose mont college having a tuition reset. A 40 tuition mark down is almost an unbelievable step. How does the math work . Joining us are leaders of both schools. Dr. Todd hutten president of Utica College and dr. Sharon hersh. Thanks for being here and welcom ....

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