Higher do you see them going . Depends on a lot of variables obviously. There is increased demand when there is more summer driving for Vacation Time when the refineries are switching into expensive fuels, increases the prices. So its always difficult to project future prices, i dont think were going to see 45 gallon a gas any time soon there are a lot of competing variables that influence the price. Neil a dozen states will be raising their own state gas tax. Your point is a good one. If gas prices go up, whether to 4 or not obviously thats going to put a pinch on spending, and we saw that pinch even when gas price were tumbling. So i cannot imagine thats a trend that reverses itself if prices arent rising. Youre right, the one Silver Lining that we have is that these Oil Producers didnt expect the price to bottom out as quickly as it did, they were drilling wells and stopped completing them once the price fell so quickly. So we have the nearly completed wells where we can get oil bac
That is only one hour away and it always happens during our show and it could be a real market mover for you. We begin with Hedge Fund Ties and steve cohen. A year after he turned hedge fund into a privately held Family Office he continues to beat the market. Kateicle we a look at the Trading Floor in stanford, connecticut. Over to you. Thanks so much and the i think the market is a great place to start up. Never before had a Television Camera here on site. Steve himself is here and trading as well at his own trading station. They are having a good year so far. They are up about 8. 5 . Thats good in light of the markets. Last year as well. They beat the market and they had returns north of 13 . A good run in a month or so. What im told at the moment is cautious about the u. S. Stock market. We could see flat kplafr and a slight tick down. A cautious outlook and not a strong view one way or the other. I came from a meeting and the president of the firm who was recently hired along with
Bonds, gold and the dollar all on the move after the fed said it will keep the stimulus in place. But is it what the central bank didnt say that really drove the market . Facebook, the sial Network Reports strong profits and the stock jumps, what investors need to know about facebooks financials. All that and more tonight on nightly Business Report for wednesday, october 30th. Good evening everyone. We begin with president obama on the defensive speaking from boston, the president tried to drum up support for the troubled health care program. He chose samuel hall where a Massachusetts Health care plan was signed into law seven years ago and considered a successful template for the president s own Affordable Care act. He admitted to problems with his Health Care Website and that people are getting cancellations notices, but he said giving People Health care should be a no brainer. Shifting blame for cancelled policies on private insurancec companies. Nobody is losing their right to hea
Tenets of working make a lot of rules work. Let alone the super vision and the capacity to ensure they do. So what are the priorities . In my opinion, first theyre finalizing the orderly liquidization authors. And the thirty paper takes a hard look at this to see if it is a robust end too big to fail. To whatever piece is the right to the agency that it can be resolved. If it too complex, doddfrank tells the agencies can you go come you tell the same complex banks. No more crossborder bridges. Structures often subsidiaries that are more easy to resolve. We need to hold regulators accountable for acting on living wills said the big bang sorry so i requires make more resolvable, not step away if it wont happen, lets do Something Else from which no one agrees than few specifics are getting hand. Orderly resolution they think is important and vital. New capital rules, new liquidity rules and a keen eye to Operational Risk management, all of which can be best insured, not only by new rules,
Didnt say that really drove the market . Facebook, the sial Network Reports strong profits and the stock jumps, what investors need to know about facebooks financials. All that and more tonight on nightly Business Report for wednesday, october 30th. Good evening everyone. We begin with president obama on the defensive speaking from boston, the president tried to drum up support for the troubled health care program. He chose samuel hall where a Massachusetts Health care plan was signed into law seven years ago and considered a successful template for the president s own Affordable Care act. He admitted to problems with his Health Care Website and that people are getting cancellations notices, but he said giving People Health care should be a no brainer. Shifting blame for cancelled policies on private insurancec companies. Nobody is losing their right to health care coverage, and no Insurance Company will be able to deny you coverage or drop you as a customer all together. Those days a