Before we get to the vault and if you did not know, young eric had a birthday over the weekend. Happy birthday. The wrong side of 40, folks. That is just the way it is. Cannot do anything about it. Cannot do anything about the news either. The top stories of the morning. News forecast from Goldman Sachs. It will not curtail shale drilling at least not until it falls to 40 per barrel. Goldman sachs cut the forecast for the west texas intermediate rate benchmark to 39. Prices fell more than 4 today. Now below 47 per beryl. The biggest acquisition yet for a shyer for shire. This gives them treatment for rare diseases. They have been trying to boost growth since a proposed 52 billion sale collapsed last year. Genetic testing partnering with the biggest drugmaker in the united states. Sharing dna data at 350 thousand people with pfizer. The data will allow new targets to treat dizziness and diseases and design clinical trials. Maybe the end of the road for peyton manning. Struggling as denv
Stocks, 25 of the 30 are positive so far today and were keeping an eye on energy again, as well. Exactly. Down here, one of the indexes that will often list up here on the boards is energy index. Look at that one off 122 points. Again, just reiterating the pressure seen, renewed on crude oil today and down another 3 settling around 55 bucks and change. Natural gas by the way. Its had a 10 move lower in 2 sessions. I was going to say. See how nimble they are in the booth . We know they are but lets see if they can show us natural gas because it is down sharply and for good reasons if you like warm weather. Yes. Correct. The socalled i95 corridor on the east coast expected warmer than expected temperatures over next ten days or so and thats taken the wind out of the sails, plus that inventory report of last week. Right. Flip side, not so good stuff with the Energy Complex is a move on the rating side you heard on the European Oil Majors and again some talk of whether we are seeing a bott
Financial storm and one that comes around perhaps one every 50 or 100 years. This is the real thing. And much of what went wrong on wall street could be traced back to something called credit default swaps. They were traded in a risky shadow market, and they were at the heart of the financial meltdown. [ticking] it has tentacles as wide as anything ive seen. I think, next to housing, this is the single most important issue in the United States and certainly the largest threat to the u. S. Economy. Meredith whitney was talking back in 2010 about a then looming financial crisis involving state and local governments across the country. It was a debt crisis which some people believe could derail the recovery and require another big bailout package that no one in washington wants to talk about. The day of reckoning has arrived. Thats it. And its gonna arrive everywhere. Time may vary a little bit depending upon which state youre in, but its coming. [ticking] welcome to 60 minutes on cnbc. I
Six more arrests on u. S. Soil all young men determined to join isis overseas. Two in minnesota, four in san diego, each somaliamericans, 21 years old and under. Their contact was not a master recruiter but a friend who successfully left minnesota to fight along isis in syria. They were not confused young men. They were not easily influenced. These are focused men who are intent on joining a terrorist organization by any means possible. Whoo that case shows is that the person radicalizing your son, your brother your friend, may not be a stringer stranger. Is may be their best friend right here in town. Melissa here with me now, our very own Charlie Gasparino todd lonski and todd starnes. I talk with people in the Tech Industry they say theyre eager to cooperate with authorities to monitor this type of thing. The government is so disjointed where you go, and could be working closer together. That is really the thing that unifies all the different groups and all the people were looking f
First time in 15 years. It is not just the tech heavyweight and the dow and russell hit new highs as well. S p also inching towards another record close. With me Charlie Gasparino jack hough of barrons, dan hen men gear of wall street journal. What do you make of markets today . The nasdaq, it is interesting, it was thinly traded. There is a little bit of action in deals. Not as though theyre going nuts over there at nasdaq. Melissa were back after 15 years, come on that is the best you can do dan . Im moving past you. Jack, what do you think . Nowhere near the inflation adjusted peak first of all. Second of all, you look at companies that dominate the nasdaq you have got your apple and intel and microsoft, nothing really stands out to me as shockingly expensive but a couple melissa do you need to take the call, charlie . Is that important . Is it okay if you do television and ignore that. It is veronica vain. Melissa well get to veronica vain in a moment. I wrote a whole book about th