Spectacular fireworks display ever put on there in dubai. What theyre trying to do with this new years celebration is set a new world record with 400,000 individual fireworks. And this would defeat last years record set by kuwait. You know how many they set off that year . 77,000. Oh, wow. So this takes it out big time. So were watching a huge celebration there and probably will be the biggest this year for new years. That one in dubai as they kick off 2014. And thats just a small piece of the whole showing. The guys over here saying dubais crushing it. By the way, thats what surplus will do for you. Yes. A few oil dollars will help there. That economy has been doing well obviously there in the middle of the persian gulf. A spectacular display that will not be equalled anywhere around. And of course weve had a spectacular display on wall street for the stock market in 2013. The best market year for the dow, for example, since 1995. And were still going higher today. The dows up another
Points so really is a nice showing. 28 of the 30 dow components in the green. We heard from House Speaker john boehner. The overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say theyre trying to work it out. Smooth it over, ultimately. They know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. Europe seeing improvement helping equities along as well. Lori not sure if you mentioned the fed. We were talking about it at the top. Talking about their expectations of ben bernanke. Nicole would even throw out the idea of stimulus . That helped things along pushing us along throughout this entire last six months. Lori absolutely. Thank you so much, Nicole Petallides on the floor of the New York Stock Exchange. Protests turn violent in lansing, michigan, as Union Protesters ripped down a tent belonging to righttowork supporters. Becoming the 24th right
Subdued and Legal Expenses are likely to weigh. And spending cuts will be broad and permanent. The Italian Foreign minister tells World Leaders and policymaker as they gather in washington for the Imf World Bank meeting. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Very good warm welcome to you on the last Worldwide Exchange of the week. We kick off with the latest from the iea, the International Energy agency and their monthly report for march. Crude prices were rangebound in march with supply outages in the middle east, north africa and Russia Ukraine tensions. The forecast of Global Demand growth to be trim to 1. 3 Million Barrels a day. Global supplies to 1. 2 Million Barrels a day. March led by steeply lower opec output. Crude supplies plum emed to 29. 62 Million Barrels a day. Those are the highlights. As expected, oecd oil stocks after depleting at an alarming rate in 2013 have shifted gears. Lets get reaction to that. Joining us is Neil A
Live. And public work crews have been busy today oo. Absolutely. You know they worked to make sure they had that lane of traffic they needed to block reopened in time for rush hour. The evening rush hour, now. You know, 300 people had their service interrept rupted this morn whgt water main break happened. We understand now that there this is because of an aging infrom a structure and a drop in temperatures. Pipes break. Theyre old, they break. Just one set of five to back on line. Normal time, eight to 10 hours. First give away in concord this, break in mount diablo only affected a few homes. Around 4 30 this morning reports made its way to city hall. By 5 00 a. M. Crews identified the problem, digging up a section of santa clara street to fix the busjv p pipes. This section of pipe made in 1958 became a casualty of age and weather. Rains weve had in two storms played a role. The fact that weve had cold spells recently contributed to the problem. As well. Adding to urgency of crews to
Things in this panel. First, were going pose the question, did, in fact, the Clean Air Act in practice over the last 25 years fulfill the promise and intent of its creators . We often, in public policy, end up making claims about what will happen if we do x or y. Its instructive, among other things, to go back and look and see if the promises that were being made by its proponents actually occurred. Were, second think, going the way in which the Clean Air Act was fashioned within the executive branch and the proposal that was developed before president bush sent it to congress. And third, were going to look at how the legislation actually got passed, and in particular, well focus on the action in the senate, which was decisive with respect to securing the legislation. So, first, let us turn to bob grady, who was chief speech writer for president bush during his 1988 campaign. Bob was the one who came up with the wonderful line the time for study has ended. The time for action has arriv