Page 32 - Oil Patch News Today

Consolidation mode and we cant rally unless oil stops going down, which it might not, hence todays decline. Dow tumbling 120 points, s p plungi plunging 1. 2 . All right. So with that in mind whats on tap for next week . The market moving action ahead frankly is not going to be out of earnings as you can tell from most of these in front of me its in global events and it starts sunday with chinas may industrial and retail production figures. As has been the case for ages the estimates and i was l...

That s p 500 declined, nascar lostering with need on address an important question. Do we have too many of everything . It sure feels like that on a day like today. Too many stores, too many trucking companies, too many airlines, too many banks, and nothing can be done about it except survival of the fittest. For the longest time the free market took care of itself. The big fed on the small. We had rational markets based on companies able to combine and take out costs. But in the last couple yea...

41 puts it in a socalled bear market. Alphabet shares on the rise. Energy giants on the move this morning after earnings, this, as oil sinks further into bear market territory. And, man, those exxon numbers werent good. And the dnc wraps up. Economic growth coming in well below consensus. 1. Versus 2. 6 expected. Gdp in europe disappointing overnight. S p and dow up a little bit. The best month since march but the first down week in five, perhaps. You had to go through a gauntlet. Apple. Faceboo...

And welcome to power lunch. Im melissa lee. All three major averages at session lows right now. S p 500 down almost 1 . The nasdaq the biggest loser of the three major indices. Were seeing the biggest oneday losses in fact in more than a month. And keeping an eye on the airlines, they are down big being led lower today by delta and thats Airline Index on pace for fifth straight down day. Michelle. Im michelle carusocabrera. Thanks, melissa. Heres what else is happening at this hour. Americans ma...

Over . I dont know about over. Just pause. We rallied so much from the brexit news so quickly. Surprised just about everybody, i would say. Myself included. I think we pause. Back and fill. A big week in terms of the jobs number friday. Earnings next week. Get more color from what companies, what theyre saying. What is clear, mel, rates are staying low. Even if they dont stay this low, theyre going to stay low. So what you are seeing today is kind of the continuation of chase for yield. I have b...

Dead like nordstrom and macys, they have rallied and have rallied big lately. The retail etf, xrt, is up 12 . Thats better than the s p 500. Thats better than amazon. Com, what is it saying about our economy . Guy . Great to have you on. Its been a while since Brian Sullivan has been here. Get to the new, no one cares. Not true. We do care. Touch you on shoulder. Just guys here. I dont really care. Now, the news. I dont know if it means anything about the consumer, i think it means a couple of t...

A lot of anyway snaysayers. Smart money, right or wrong . Smart money right in terms of weve had an incredible run to the up side, considering where we came from brexit. Rather be in the market an buy cheap protection. Paul briton on, talking about volatility, we bring it up constantly. If you can ride this market, this bull, youve been able to ride probably the last couple of hundred points in the s p because of the fact low volatility has given the opportunity to buy that protection at a cheap...

Why thursdays vote is dangerous, thats his world, dangerous on all levels but also a copout for at least one side. And is the heart of business about to have a heart attack if the leave camp wins . British genius Kevin Roberts on whether thats true or flat out nonsense. Who slayed Corey Lewandowskis shot at campaign glory . A major shakeup on the president ial trail. Trouble inside the house of trump. A political power play leaves the trump insider on the outside looking in. Ebony williams and t...

More than Warren Buffetts berkshire hathaway. What a company, what a stock. Politics, two hours from now, Hillary Clinton takes the stage with Bernie Sanders. Will bernie give hillary a ringing endorsement or what . Is president obama the uniter in chief or the divider in chief . With violent protests continuing, he goes to dallas today to calm the nation. Varney company is about to begin. Watch that market. Lets get right to your money. If youre in stocks, youre doing well. All indices are goin...

Jeopardy but the dows ongoing record of record closes might even make him take notice. Today made seven in a row and the blue chip index finished better than expected earnings. Financials continue to report strong result, a sign that theyve been able to manage all of the global uncertainty. And microsoft helped lift the blue chip index rising more than 5 after it reported a solid quarter, which we told you about last night. Here are the closing numbers. The Dow Jones Industrial average rose 36 t...