Coming up in a few minutes. A couple of different stories were watching. The nasdaq partying like its the year 2000. Closing above 5,000 for the First Time Since then in only the third time ever. The nasdaq now. 8 away from the record close. There is a surprise from down under this morning. Australia central bank holding back on further easings. Gasoline prices jumped 37cents a gallon. Now thats the largest week to week increase since the agency began its survey in 1992 but life is relative and if you remember where things were six months ago its hard to complain. So it doubled in three and doubled again in three. So it doubled 72 divided by 3 is 24. 24. So its probably is it 24 return in six years if it quadruples . Yeah. If it sits right you can do it. So the nasdaq is up so instead of 6 or 7 for equity appreciation the nasdaq since 2009, 24 a year. So stay out of the market. If you put that money in 15 years ago youre just giving it back. They didnt have money 15 years ago. They wer
Coming up on cspan2 the House Armed Services Committee Works on the Defense Budget for next year. And we will take you live to the senate where work continued on a bill that would require the Obama Administration to submit any Nuclear Agreement with iran to congress for review. A government report alleges Homeland Security official while serving as head of the u. S. Citizenship and Immigration Services gave special access to the visa program. Today he testifies before the house Homeland Security committee to answer questions about political favoritism. See it live starting at 10 a. M. Eastern on cspan3. Ray mabus discusses the navys future amid budget challenges and evolving threats overseas today. You can see his remarks in the National Press club live at 1 p. M. Eastern on cspan3. 150 years ago this weekend a greedy nation gathered along the route of abraham lincolns funeral train as it made its way from washington, d. C. To his final resting place in springfield, illinois. This sund
President obama has a seriously good year economically. We have to talk about that. Energy supply is at risk. A largescale hacking campaign. Varney company is about to begin. It has been a while. We are about 56 points away from 17,000. Here is the s p 500. The 10 year yield charles kaylee, what do you make of the comic . You can only come up with this if you work at the times. He is writing our economics textbook. He could Say Something as naively as this statement. I think that the caffeine is doing okay. We have to do better than 4 for the rest of the year. It just does not make any sense. Simply doing away with the congress. This is starting to remind me of the days of just before crop oils revolution. Charles there is another sign in this economy. It is quite simple. Lots of benefits for people. Immigration policy has been a flatout open door. If you get inside the country, past the border and do not break any laws, i am not throwing you out. Other people who are basically willing
Live from bloombergs european headquarters. I am guy johnson. I am francine lacqua. I have missed you, guy. Coming up, more money, more problems. You would think a private jet would make it easy to get around. We look at an issue that even billionaires cant avoid. It is going to be hard. We have a big interview this morning. Coming up later today. Deutsche banks coceo anshu jain is going to speak to bloomberg before anyone else. We will bring you that conversation in just a couple of hours. The banks surprised investors last week with an unexpected loss and an early Earnings Report today. Executives are meeting in frankfurt to discuss the results. They are just setting up now. Hans nichols is speaking to the coceo first today. I am excited about the interview. Certainly. They are taking pictures as we speak. We will go to that press conference and as this evolves, jain at the center of the picture, we will bring you their comments on that institution. Lets start with turkey. The centra
Electric, we have seen a lot of orders, up over a dollar. On the other hand, microsoft is adding not only down 11 but also adding because it is accounted for 29 negative dow points. They have had a buildup in the surface tablet, but they have been doing restructuring that could help them Going Forward according too many analysts. Lori really a drag on the dow. Talking commodities, Oil Struggling for gains but crude hit a major milestone. Phil flynn joins us from the cme. We have been watching them cross today. What is the significance in this . Speak of is the day many traders never thought they would see. Those who did not have a lot of faith in the u. S. Oil industry. While in the future would be in europe, rent crude, forget about wti. Nobody is forgetting about wti anymore. Now that it is above, it is because of the u. S. Shale production. U. S. Oil price out of whack with the global marketplace. It is back in whack now, because were exporting more product than we have in 15 years.