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Dave lets talk oil ending higher by 1 settling at 86. 73 a barrel, todays move helped the commodity end with gains of 1 even though it was up, we will talk about that in the show. Liz the shanghai market, the shanghai composite in china, closed well below the markets opened but here are some names posting solid gains when it comes to the steel world. Optimism on china coming back giving the steel sector boost. Prices for iron ore hitting a decent high lately, not a bad move, translating to a lot of names in this space for a while it looked like the economy was weakening and now it is coming back. Dave we want to let you know we will throughout this hour ridge you give the regular updates on a horrendous shooting in connecticut. That is coming throughout the hour. Liz how about alternative investment . Putting money behind a pop culture icon. We are looking at other ways to make money than stocks but what about judy garland . The rights to her tv show are up for auction. Did you know th ....
A bipartisan consensus emerging. when you showed that chart with the international average now at about 24%, it s important for your viewers to know that we re at about 39% when you include the state and local taxes so we are about 50% above the international average. how does this translate into jobs? i really believe that one of the reasons we ve seen outsourcing in the last few years, american companies creating jobs abroad, i talk to these ceos all the time. they say there s a 15% tax disadvantage of investing in the united states versus abroad, so for the average person watching the show wondering how it translates to jobs, it means america is a better place to do business, to build factories in. guys, good to talk to you as always. thank you for being with us. steven chipman and steven moore, pleasure to talk to you both about taxes. we talked about the sorry state of state budgets in the u.s. you ll hear about slashing the federal budget. i ll tell you why maybe we don t ....
report. is the economy getting better or worse? it is growing again but not creating any jobs. businesses are emphasizing the activities that don t require employees. frankly, with the higher health care costs and the undervalued currency that china has, american businesses are focusing on technology. where they can make more with fewer people or where their technology gives them an edge so there s not a lot in the way of production workers. even with that, we did see some manufacturing growth but we re so troubling is that across the service sector there were so many job losses. this looks like an economy that s seen its day. that s the sector we think at least that we re going to have job growth in. christine romans, when this job report came out on friday, i was listening to christine on tv describing it. always a tough job. it comes right out an everybody wants analysis immediately. the analysis you provided, christine, i believe you said funky. that s a techn ....