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Situation. This is private industry that is out there. This is private industry drilling or fracking that helped that. There are some people saying that probably two months from now well see an even more supply that is coming online at that point well be filled up in terms of the storage we have and that excess capacity would go straight to the open market. Some people predicting that could put extreme pressure on prices. Did we roll over the contract . It was down at 42. Youre right. Thats a may contract. Expiring may 15. Thats down about 2. 5 percent. I like the idea. Were a cartel. Weve been, you know pillaging and plundering the world for 25 years but now were out of control. Will you other nonoutput guys come with us . Thats their way of saying its never going to happen. They know the United States is its not fair. Its not fair if the nonopec members arent cut uing. United states is a bigger producer than saudi arabia at this ....
Todays winners. Take a look at some of the big names in biotech, staging a comeback. Biogen, among others, leading the nasdaq 100 higher and speaking of health care, you got to take a look at Intuitive Surgical. Intuitive surgical shares, the best performing stock on the nasdaq 100 after its preliminary Fourth Quarter revenue beat street estimates. Then switch over to tech, because tech is the best performing s p sector providing market leadership. Google, expedia, apple, yahoo broadbased gains in tech. Tech is a sector favored to move higher in a rising rate environment. Lastly, social media, those stocks have had a couple volatile days. We are seeing facebook, twitter among others posting gains. Sue . Thank you very much, seema. The trading action here, we are just off the highs of the trading session but the big event in todays trading session is two hawks on the fed a ....
Eastern time. What is going to happen . We tried to do that last time to make people guessing. I guess every time. Not really. Its Business News. And we do our best to try and get something going around it. But the one thing that makes this a little more interesting is some of the whisper numbers. Did you see how high they get . How high are they . The whisper numbers are as high as 300. 300. Do you think people can hear us . Yeah. Why are we whispering . Yeah, 300. Meanwhile, dallas fed president Richard Fisher came from around the world saying the Central Bank Must avoice being locked into calendar based policy commitments. In other words, theyre data dependent. He says Forward Guidance should be flexible enough to allow for changing conditions. He is currentl ....