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The 70s that wiped 2 3 of the value of equities. That was then. Is it now . It is hard to say but early indications no. Whats remarkable here my friends, as we look at these numbers how tame they are, considering what is going on. If this were to have occurred back in the 70s and the Worlds Biggest Oil producer which saudi arabia was at time, so much of its oil sidelined we would be in deep you know what. So far does not appear to be the case. Price Futures GroupSenior Analyst phil flynn at the cme. Phil, it is remarkable, you know . It really is and you really got to credit the u. S. Energy industry, donald trump and his Energy Policies allowing u. S. Energy producers to do what they do best, that is producing energy. It raises concerns when you listen to the ....
Melissa welcome. I am melissa francis. It is like speed dating around here. Welcome, then this field. Dennis sam stovall for bulls and bears alike. What that signals for the market. Melissa kevin brady joins us with his warning on americas growing debt problem. Dennis president obama black on capitol hill for the Third Straight day. After rounds of discussions, are we anywhere closer to a budget deal . Will dobbs has that story. Melissa carnival having yet another problem with one of its ships. Dennis time for stocks now as we do every 15 minutes. Our own Nicole Petallides is standing by. Nicole we are really seeing another wedding day here on wall street. We got good economic numbers. Many of these people are surprised. To see up arrows again and had the eighth consecutive record alltime close for the dow. We are up about 62 points right now. Not too far off from our sess ....
Their individual plans to fix the country s tax system. some, including ted cruz and ben carson, advocating a flat tax. take a listen. simple flat tax where for individuals a family of four pays nothing on the first $36,000. we re reducing taxes to 15%, we re bringing corporate taxes down, bringing money back in, corporate inversions. we ll have to get rid of all the deductions and all of loopholes. you also have to do some strategic cutting in several places. i m the only person who s put out a detailed plan on how to deal with entitlements, and it ll save a trillion dollars over the next ten years. my plan gives the middle class the greatest break, $2,000 per family. if you make $40,000 a year, a family of four, you don t pay any income tax at all. jenna: here to talk more, maya mcginn maya macguineas, doug holtz-eakin, president of the american action forum, and josh ....
the minority leader. paul ryan takes over the job that, well, puts him third in line for the presidency, the third most powerful job in washington some say. but it is a fractious house that he is going to have to calm. jenna: and it is interesting to take in these live pictures, jon, when we do talk about the fracturing that s in the parties, between both parties. it is a reminder that government does function in an orderly way in this country x this is a transition of power within, obviously, one party and within the house of representatives, but it s nice to see such admiration for the service of john boehner really from both sides of the aisle. you see him getting hugs from both republicans and democrats as we saw paul ryan, speaker ryan, we should say. there were some questions over the last several days about how this might work. paul ryan did receive 236 votes. nancy pelosi, who you also see on your screen, received 184. the democrats voting for their leader. let ....