Country where the price is oil is already even lower and reports of people in the field saying the price is much like it might be with credit, what you pay for it at this point. A stunning decline here. I use the word stunning because this is not a financial crisis. This is not a recession at least in this country. This is a situation where contributing factors have pushed the oil price out. Everybodys jumping ship. Look at the traders. The funds. For moving out of the space. Im sure a lot of big institutions will be next. Thats a good point. I think traders consider it a repricing. They are repricing right now. Whats so extraordinary about this, again, tells you hope that this is a supply side story, although the rest of the commodity complex doesnt necessarily confirm it but friday the u. S. With the best jobs number since the Great Recession and you would look to a number like that and its a relentless decline in the oil price inl stead since that report hit. I said today quite a tu
Also a new wrinkle to the General Motors ignition switch recall story. There are, of course, congressional hearings. Now a criminal investigation. But because gm has gone through bankruptcy, it will not be civilly liable for any accidents that happened before june 2009. Well get the latest from phil lebeau and speak to legal pros on if this will hold up even if the company is found to be criminally negligents. Thats a fascinating wrinkle. Also a cnbc exclusive, rock legend neil young, that neil young, joins us coming up on the closing bell today. Neil is not happy with the sound of Digital Music right now, and he has used crowd funding to do something about it. Its a new Music Service which sounds so good they say its like being in the Recording Studio with them. Neil will be here to talk about that and his plans to make new music. Hes still working very hard these days. Hes been touring. He has a new album out. More plans for more music down the road. Do not miss the great neil young
The u. S. Government. Growth. Yeah. By the way, japan tenyear yields 0. 602 in case you wanted to check in. Europe, lets take a look there. You can see. Lets call it more or less a down more than up. You know, japan was not not a lot of news going on. China stocks decent gains, japans stocks seemed to take a breather following a multiweek run. You can see for europe sort of a mixed bag this morning. Up small to a certain extent slow, quiet night. Tech, food, beverage, media, retail, health care, all out performing, autos, telecommunications and energy, under performing. Lets get to our road map this morning, our start with markets, records and some big round numbers. We hit s p 2,000, dow 17,000. Well why all the talk about fear and volatility given those numbers. Ackman, well, he ackman has rejected allergan said his and valeants bid too low, calls out their competitors, unsustainable Business Model and anemic growth. Allergan says no thanks to the latest valeant bid. The head of ebay
Kevin Trainor, University of Arkansas senior associate AD for public relations and former student-athlete engagement, will serve as 2024-25 CSC president. Trainor becomes the 70th president of CSC for a one-year term after holding the office of first vice president during the 2023-24 academic year.
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