capability of supply to them, we simply saw a whole lot more value in that combination than the market. brendan: the combined company would surpass chevron as the world s second-largest oil and gas producer. in china, the shanghai composite index burst through the 4000 level for the first time since 2008. investors are betting that china s government will increase stimulus to keep the economy growing. in japan, they will keep record stimulus in place. in north charleston, south carolina, a white police officer has been charged with murder after shooting a black man in the back. a bystander recorded video of the killing, which is graphic. an officer shot 50-year-old walter scott as he was running away. he is being held without bond. i think that all of these police officers on these force on this force, you tell me how a father would react to seeing a child do something. olivia: rand paul is spending his first full day as a presidential candidate. he is running. he will tr
the fed chair will be testifying before the senate budget committee this time, starting at 9:30 a.m. eastern time. she told the join the economic committee the economy still needs plenty of support and that the markets are not in bubble territory. valuations are in house torq historically interest rates are historically low. that feeds into the valuation. there s that linkage. there are pockets where we could see valuations in smaller cap stocks but overall, those broad metrics don t suggest that we are in obviously bubble territory. in reaction to her comments, the dow managed a triple digit gain, closing at 16,518. the s&p 500 also picked up ground adding ten points. the nasdaq, though, dropped 13 points. the nasdaq looked worse earlier in the day, though. you did see much steeper declines. it was boosted into the decline of 13 points by the end of the day. the futures right now, you ll see at this point dow futures are indicated higher about 13.5 points, nasdaq up