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Pasani. For a year, it was oil, dow. Last couple trading sessions weve seen them maybe move in a different direction. Is this something people are talking about on the floor . Yes. Its encouraging that the s p is near the highs of the day with oil generally down for most of the day. There are four things worrying the world. One of them of course is oil. Weve had word that russia and saudi arabia may be agreeing on limiting production. Thats certainly a production freeze. But thats a high level discussion. The other thing is china. The pboc defending the yawn saying unlikely we are going to do serious devaluations. Thats the other thing worrying the world. The third thing is bank in europe and bcd draghi saying they are going to do whatever it takes. Deutsche bank may do some buying back. Thats the third one. Finally, the fed. Nobody said anything at the fed but basically were implying right now no hikes for the rest of the year. So big movements overall. How are traders taking the boun ....
Is it as nuts as it sounds . Bear with me here, people. Our money power panel will break it down. Are plastic bags the way to extinction. Theyre completely banned in two cities. Chicago wants to nix them. Guess who is behind it . My favorite chicago alderman. I say stop the madness. But Alderman Joe Moreno is here to disagree with me. Even when they say it is a not it is always about money melissa first lets take a look at todays market headlines. Mediocrity apparently the reason to buy on wall street today. The november jobs report came in above expectations but the 146,000 jobs added is below average monthly growth for the past two years. That and 350,000 americans left the workforce. It all somehow added up to an 81point gain on the dow. As usual the markets are making perfect sense. Also more americans are finally waking up to the scal cliff. December Consumer Sentim ....
Coach you. Call me at 1800743cnbc. You can blame the democrats for their inability to offer any cuts for spending. You can blame the republicans for not even wanting to consider tax increases. But dont you dear blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again even if his statements about economic weakness ultimately caused the averages to stumble from some pretty lofty levels. Dow only declining ability 3 points s p inching up 4. 4 . Close in positive territory. Nasdaq giving up 2. 8 . When you look at what ben bernanke did ntoday the republicans themselves refuse to get specific on spending until they see something from the white house. The elected portion of our government is not helping this economy at all. Their failure to rise above politics to reach a compromise is now really starting to hurt u. S. Economy. In this vacuum, the fed has decided to keep rates low. They stepped in saying listen, business. We are not going to get ....
You can blame the democrats for their inability to offer any cuts to spending. You can blame the republicans for not wanting to even consider tax increases. But dont you dare blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again even if his statements about economic weakness ultimately cause the averages to stumble from some pretty lofty levels. Dow ultimately declining ability 3 points, s p inching up 4. 4 . Closing in positive territory. Nasdaq giving up. 28 . When you look at what ben when you look at what ben bernanke did today youve got to marvel. The republicans themselves refuse to get specific on spending until they see something from the white house. The elected portion of our government is not helping this economy at all. Their failure to rise above politics to reach a compromise is now really starting to hurt the u. S. Economy. In this vacuum, the fed has decided to keep rates low. They stepped in saying listen, business, we ....