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Forecast by Goldman Sachs today cutting its forecast on the price and that added some of the momentum there, and by the way, were still getting a lot of photographs from you folks around the country of what youre paying for gasoline. I saw the lowest price today coming in once again from oklahoma city. Theyre paying 1. 55 right now. Not too shabby. And so the debate about whether this should ultimately be a good thing for the u. S. Committee continues. Yes, it does. Jo and meanwhile, if you are a regular watcher of cnbc theres a good chance this man wants to hilt you with a massive tax hike. Top democrat Chris Van Hollen joins us to explain his plan for wall street and high earners to fund a jind middle class tax cut. Theres always took he may run for governor of maryland following martin omalley. We have two ceos of mega D ....
U. S. Markets falling hard right now after several days of very nice gains. Right now the dow as you see down about 1 at 17,731. The s p 500 close behind it at 2043 in terms of percentage declines. The russell off three quarters of 1 and nasdaq off three quarters of a percent. Lets check in with michelle carusocabrera. Thank you. Three hostage takers dead in two separate sites in france. The two brothers were killed by police at a printing plant east of paris after they came out shooting. The one hostage there released unharmed. Less clear the situation at a kosher supermarket in paris where hostages were being held. One gunman is dead after a simultaneous police raid. The police raid at the supermarket began with several explosions. The still photos were showing sue of those explosion. Multiple news sources report four hostages were killed. Several hostages and Police Officers were injured. Police are still looking for the woman ....
Jcpenney especially. That stock is very strong today on better than expected holiday sales. We certainly are. We have had a down couple of days for the market and set up perhaps for a spring back and surprising to see the resilience today, not more of a flight to safety bid after the tragic shootings in paris this morning and, in fact on that note as we keep an eye on that horrible terrorist attack on the magazine that previously ran the cartoons of mohammed the president and much of the world condemning the barbaric murders. Well get you the latest as the attackers are at large. At this hour i think pictures out of france a vigil is taking place. Hundreds of thousands of french people citizens are in various squares in paris and elsewhere to mourn the loss of those lives today. Yes. And what theyre holding i believe there are signs saying we are charlie referring the magazine attacked. I know that you know we are the business channel. I should mention it was interesting to note that t ....
Have been lost as a result of all of that. The biggest blizzard though turned out to be inside the New York Stock Exchange today. Well put. Take a look at whats happening in the market. We are geared up for a negative start then got a flurry of earnings. Caterpillar disappointing. Microsoft didnt help thing. Both stocks getting hit hard. Whats interesting, thats contributing to the dow being a weaker performer than the s p today. Its off 231 points. The s p mean while down less than 1 . So you could argue perhaps its an oversized reaction to a couple big companies, but by the way, theyre important companies, and by the way, the nasdaq also off 1. 3 . If we get a moment could we see crude oil settled higher. We did see a comeback in that sector and energy was one of the leaders to the upside in an otherwise down day. Crude oil was up 2 . It was up 3 in the settlement. Were in the electronic trading right now. In fact, i wi ....
Starting with the Swiss National bank. Not just the Swiss National bank well get to it with the huge shocking moves, in currencies, also the fact that india cut Interest Rates, even the bank of korea. What were seeing now is going to continue as europe then has to decide just what moves it will take next week folks. We are living in crazy times. A race to the bottom. Or as our friend in currency terms. The bond fire of the currencies. Exactly. Now people are starting to look at gold again. You have to wonder once this volatility settles down we will be able to get back to quote unquote basics or we are embarking on another experiment of historical proportions. Were he going to talk about all that and have a special show lined up to do that. Joining us jim grant by the way who called this on the swiss from the grant rate ....