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Are not moving much at this point, but yesterday we did see heavy action. In the red italy reporting that its in recession, two quarters in a row of contraction. Germany was heavily hit, not only by what happened in italy, but by all the talk about what happens in these sanctions and the retaliation against the sanctions by russians. Back here in the states, key data today. At 8 30 eastern time, weekly jobless claims. This afternoon, we have Consumer Credit. In addition, many of the nations retailers will be reporting july samestore sales today. On the earnings front today, Companies Set to post quarterly includes including orbitz, wendys. In corporate news, bank of america reportedly close to a nearly 17 billion settlement with the government over mortgage bonds. The deal with the doj is said to include about 9 billion in cash. The rest said to be going to consumer relief. S ....
Buck 47 a barrel. Energy co. Still getting hit because we went up and then we went down so exxon is taking a hit, same with chevron, Conoco Phillips a little bit. Now we have 21 states in the 1 gasoline club. That is where the state average for regular is below 2 a gallon. Most people in america pretty much have access to under 2 gasoline. How about that . The Interest Rate barometer we check every day, down again, 1. 81 is the interest on a ten year treasury bond, historically very low. President obama wants to give away, paternal leave for federal workers, six weeks of that fully paid. Stuart s to give that away, paid sick leave for everybody one weeks worth, a giveaway to everybody Washington Times on my opinion editor Monica Crowley is here. I dont think any o ....
All that and more on nightly Business Report for monday, december 1. Good evening, glad you could join us. Susie gharib has this evening off. December is traditionally a strong month for the markets but there was no santa claus rally today no, siree. Oil prices went on a confounding ride, down and then up, and stocks seemed caught in oils spell. But that wasnt all. Stocks were also tripped up by weak Economic Data from china and signs retail sales here in the u. S. Werent so hot this past weekend. More on that in just a moment. But heres how the markets looked at the closing bell. The dow ending 51 points lower than fridays record close and the dow transports were sharply lower today, too, we should point out. The nasdaq lost 64 points and the s p was down 14. But once again, the big story today was the price of crude, which began the day by sinking below 64 a barrel to a fre ....
All that and more on nightly Business Report for monday, december 1. Good evening, glad you could join us. Susie gharib has this evening off. December is traditionally a strong month for the markets but there was no santa claus rally today no, siree. Oil prices went on a confounding ride, down and then up, and stocks seemed caught in oils spell. But that wasnt all. Stocks were also tripped up by weak Economic Data from china and signs retail sales here in the u. S. Werent so hot this past weekend. More on that in just a moment. But heres how the markets looked at the closing bell. The dow ending 51 points lower than fridays record close and the dow transports were sharply lower today, too, we should point out. The nasdaq lost 64 points and the s p was down 14. But once again, the big story today was the price of crude, which began the day by sinking below 64 a barrel to a fre ....
All that and more on nightly Business Report for monday, december 1. Good evening, glad you could join us. Susie gharib has this evening off. December is traditionally a strong month for the markets but there was no santa claus rally today no, siree. Oil prices went on a confounding ride, down and then up, and stocks seemed caught in oils spell. But that wasnt all. Stocks were also tripped up by weak Economic Data from china and signs retail sales here in the u. S. Werent so hot this past weekend. More on that in just a moment. But heres how the markets looked at the closing bell. The dow ending 51 points lower than fridays record close and the dow transports were sharply lower today, too, we should point out. The nasdaq lost 64 points and the s p was down 14. But once again, the big story today was the price of crude, which began the day by sinking below 64 a barrel to a fre ....