Three indices wiped out five weeks of garins. Energy sectors down about 26 from its june high this year, and brian what do you think is the worst wormer in the dow this year so far . Chevron. Absolutely. Down 18 . I know that because of the graphic that says chevron is on our television channel. Not much of a mystery. Market reporters in place. Right to Jackie Deangelis, live in the oil pits. What is happening with crude . Reporter seeing steep losses, not as bad as earlier in the session. Down about 1. 87. Session low today, 57. 34. Next level to watch is 56. 12. Havent seen it since may of 2009. Still almost a 4 decline on the day. You mentioned gas prices when you opened up. Aaa saying the National Average for a gallon of regular now 2. 60. We were looking to see 2. 50 by the end of the year. But saying we could see 2. 43 by christmas day. Of course, important to consumers. Also tells me look at the spot prices in the marketplace, because they are leading indicator where oil prices
That took on enemy fire was false. A lot going on. We will cover it all. Varney and company is about to begin. Oil and gas, first oil coming back after the big drop yesterday. 50. 77, it is up over 2 bucks. This number will hit you directly in your wallet. 2. 15. This is up 0. 09 in two days. Ed butowksi is here. The gas dropping party over. The dropping party might be over. We are still lower. Use a weird analogy the party is still going on a keg of beer are empty because things have changed. There has been the fallacy, all that money will be saved and given to the economy. All the Economic Indicators prove that is not true. Whenever the number is, and other expenses including taxes. Tom you start looking at the personal consumption numbers which are down, retail sales what are people doing with suppose the gas savings . Sounds like theyre just keeping it in their bank account. They could be keeping it in their bank account the realities things cost more money. In 2014 people would be
To see if were able, on a bipartisan basis to move forward. Reporter Senate Majority leader harry reid said he too would try to reach agreement. But that was after spending most of the day hammering away at House Republicans. Reid blamed the current stand off on the inability of House Republicans to pass their own plan which would have extended tax breaks for everyone making less than a Million Dollars a year. Its the mother of all debacles. That was brought up in an effort to send us something. He couldnt even pass it among the republicans it was so absurd. He meaning the speaker. So its very clear now mr. President that the speakers number one goal is to get elected speaker on january 3. Reporter january 3 is the deadline for the new congress to start work. If a fiscal cliff fix isnt passed by then, the start of a new congress will likely delay matters even more. Which is why the focus now is on reaching a nanodeal. The minimal that they can put together to avoid the fiscal cliff whi
To see if were able, on a bipartisan basis to move forward. Reporter Senate Majority leader harry reid said he too would try to reach agreement. But that was after spending most of the day hammering away at House Republicans. Reid blamed the current stand off on the inability of House Republicans to pass their own plan which would have extended tax breaks for everyone making less than a Million Dollars a year. Its the mother of all debacles. That was brought up in an effort to send us something. He couldnt even pass it among the republicans it was so absurd. He meaning the speaker. So its very clear now mr. President that the speakers number one goal is to get elected speaker on january 3. Reporter january 3 is the deadline for the new congress to start work. If a fiscal cliff fix isnt passed by then, the start of a new congress will likely delay matters even more. Which is why the focus now is on reaching a nanodeal. The minimal that they can put together to avoid the fiscal cliff whi
From this traffic jam . Republicans, 202 5853881. Emocrats, 202 5853880. Ndependents, 202 5853882 new jersey residents, 202 585 3883. Let me begin with the front page of the New York Times. Christie faces scandal on traffic jam. Mystery of who closed two lanes on the George Washington bridge. It goes on to say this. That is in the New York Times this morning. Front page of the Washington Post also with the story. Lets show you what the governor on to say about this december 19. He had a press conference where he talked about it. [video clip] i . Why would why would i . I know you guys are upset with this. Obsessed with this. I am really not. It is not that big a deal. Just because the press writes that it, lets not pretend it is the gravity of the issue. Host this is the statement that he put out yesterday. We turned to all of you this morning to get your thoughts on this. Is there some political or other fallout for the new jersey governor . Bill in massachusetts. Republican. Caller g