Page 41 - Becky Quick News Today

Its also what they call a tank buster. it was incredibly effective here, but its been on standby until they have to turn over control of that -- of the operation. now what ear seeing is a situation in the western city of misrata that theyre coming increasingly worse. it is becoming a real humanitarian disaster there. chuck and savannah? >> all right, stephanie gosk with an unfolding situation in libya. lets turn to wall street to see where the markets are headed. cnbcs becky quick joins us now...

At the same time, theyre offering some discountses, very briefly between some cities, overall, prices are going up for companies. that means theyre going to try to get their money back by passing prices on to you and i. we did have fed speak earlier from bill dudley, he talked about how they have seen the economy slow down over the last couple of months in the united states. theyre still sticking with their line that inflation is not a big problem here in the united states. i guess thats a big q...

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We have talked about that all week long, too. oil prices are higher once again today. look at crude oil prices, at this point its close to $112 a barrel. that is the highest level weve seen in 2 1/2 years. also you can take a look at brent crude, at its highest level in 28 months or so. actually make that 36 months. it is a very high level that its looking at. this is all coming as there are real concerns about whats happening in libya. that civil wars been cutting into production. its cut 80% o...

♪ [ male announcer ] with amazing innovation, driven by relentless competition, wireless puts the world at your command. ♪ so with the possibility of a government shutdown are the markets on wall street set to react to uncertainty? becky quick at cnbc. we know how markets hate uncertainty. do they hate this?

And its also seeming to indicate the $4 a gallon, here we come. its a big concern. inflation numbers like that. its so big it catches even the federal reserves attention. ben bernanke speaking last night and in that speech he made some comments about inflation. he said he thinks inflation is transito transitory. he thinks its going to go away and come back to normal at some point. he also said this. guys, get this. this is the phrase that the market picked up on, too. if he is wrong as his assum...

Responsibility. whats your policy? quick turn to the markets where oil prices causing more concerns. becky quick joins us with a quick preview. >> we talked about this yesterday. but oil prices once again are capturing market attention. it looks like the dow will open down by about 20 points in a couple of minutes. part of that is because of whats happening in the crude oil pits. nymex crude is slightly lower but still above $108 a barrel. thats a huge concern. also brent crude up once again t...

Achieved. they are worth working for together. im very proud this coalition has come to this place at this time to try to pursue those goals. thank you very much. >> secretary of state hillary clinton at an international conference in london talking about next steps in libya and frankly speaking as though the ouster of gadhafi is a foregone conclusion. we want to turn now to wall street where it looks like domestic news will be driving the markets for a change. >> becky quick joins us now with m...

Royalties. inflation in china, its bln a problem in china and india. now we see that u.s. companies are significantly going to be increasing prices. both procter & gamble and unilever will raise prices for soap and detergent by 15% in china. at least thats the expectation from local media. and that tells you a little bit about how big of a problem that could become there. by the way, savannah, we do get home prices coming out. the k. schuller numbers will be out in 35 minutes time. that should g...