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 as a f
may be missing their flights because of the tsa s performance. one of the best examples of government waste on treadmills, we will look at the congressional pig book. the golden state warriors winning their 73rd game of the season setting a new record for the most games won in a single season and an end of an era in los angeles, kobe bryant going out with a bang scoring 60 points, all the highlights coming up. we are on it. jpmorgan set the tone yesterday with better-than-expected numbers, futures looking at a possible pullback. big rally in stocks. in asia gained across the board on the heels of that triple digit move for us stocks. the nikkei and japan up 3-numfour%. european stocks today, the s&p down a fraction. 25 points hire, although stories coming up in the program, dagan mcdowell and michael bloch, good to see you, you are just back from rome and we want to hear about it. maria: chris collins is with us, the chairman of donald trump s presidential campaign, retired g
global markets are going now. don t do it today, hitting that 118,000 mark, could tomorrow s jobs number put us over the top? a closer look at what people are expecting tomorrow morning, when that all-important report from the labor department is released, 8:30 a.m. morelier oil prices today as we showed here on closing bell yesterday. some stations, look at that we did it, $1.99 a gallon. that s why a few politicians now from both sides to of the aisle are starting to talk about the possibility of raising the gasoline tax, which hasn t been done in about 20 years and use that money to help fix our crumbling infrastructure. we have a de bit on that. our friends kudlow and frank will be joining us. that should be fun. looking forward to that. will have a chance to weigh in. here is what we see on the markets, an hour to go in the session it is the oil names again which are weighing on the dow, off about 16 points. seems like chevron off about 2%. exxon down about half
we re going to talk about the hot pockets and the not so hot areas around the country and what it means for real estate in 2015. we ll also have an update for you on that missing airasia plane and then a closer look at how it s possible we don t know what happened to two passenger jetliners now in less than a year. it is hard to believe, isn t it? more than 2 million people forking over $5.99 plus tax along with their credit card number to stream the motion picture the interview over the weekend n. this era of cyber-hacking, does it show many people don t worry about that issue when it comes to their own personal information being stolen? we are looking at that that s an angle to look at coming to sony pictures and the interview here. and an hour to go here kicking off the final week of the year and 2014. if you can believe it we have a headline. the dow over 18,000. the close above that level last week and today comfortably above that level and now the dow is green
decline in the dow and other major averages at this thing coming a head. when they stormed the store and the printing press area there. the dow did fall to that low of the day of about 229-point decline and come back right now. back 143. take a quick look at the 10-year, as well. this has been rallying as we know for a number of reasons and quite sometime and perhaps an extra bid on the flight to safety trade today. below 2% again. that u.s. 10-year. watching it for everything from the influence on the mortgage market to what it does ultimately send in terms of signals for the federal reserve here and policy decisions coming up and we have heard from members expressing like charlie evan this is morning to rather be cautious than hasty to raising factors. if you hang on to that for a second longer cross currents and you can see that after the jobs number came out, stronger than expected in many ways. you saw the yields rise but then they were coming much lower, maybe a fli