Exxonmobil and t. Boon pickens. Jcpenney getting a big downgrade. And more optimism for apple. Another analyst ups the price target. First up, one day after the dow closed at record highs, the private sector added 208,000 jobs last month. That was a bit below street forecast. Meantime, Oil Prices Rising slightly this morning but down almost 35 from six months ago. Last night on mad money, Oil Tycoon Boone Pickens says he expects crude to return to 100 a barrel. Take a listen. Weve increased production, a Million Barrels a year for the last three years. And that is remarkable. No place else in the world has that happened. So consequently, i think youre probably going to see opec do something in the First Quarter of next year as far as cutting production. But im not so sure how much they have to cut to get to where i said you would be in 12 to 18 months. Youll be back at 100 a barrel. Fascinating. There is a school of thought that when production responds, you will overshoot the opposite
I commend you for pushing it through the house i had help even from the other side. Exactly. The way that it will be used and be effective is that it allows the federal regulators to rely on state examinations for purposes of overseeing compliance with antiMoney Laundering regulations, that will expand our ability to get insight into the quality of the antiMoney Laundering efforts out in the across the country, particularly in the Money Services industry. And that will, i think, enhance the confidence that Financial Institutions have in taking on Money Service businesses as customers. So to get back to the derisk in question. What we are hoping to foster is an environment where institutions do in fact engage in a continue, really, to engage in a balance of risk, and the Better Foundation for that risk assessment, i think the better off we all are. Thank you. I want to say, i would like to work with you to help more Financial Institutions understand whats available under the act. Let me
And youve got five trillion dollars of outstanding obligations now that somebody has to deal with. Thats in the current of housing finance. Thats not in the future. So, somebody has got to deal with that. And whether its fannie or freddie or somebody else, i mean, thats, i think, a decision that congress has to make, not fhfa. Let me switch topics here for just a minute. That has to do with the mortgage debt relief act. Director watt, i dont think any state has felt the impact of falling home values more than the state of nevada. Congress passed mortgage debt relief act to ensure those who owe more on their mortgages than they do on their homes are now worth would not be hit with additional income taxes. Im not going to ask your opinion on the irs or thank you. On income taxes. But i think its unfortunate. No one gets hit more than lowincome, middleincome families. I think its unfair and i think most would concur that its unfair, that individuals would have to pay taxes on income that
Government . First, chairman, i can thank you for the opportunity to appear in front of you and thank you for the work that you are doing in taking an interest in not just the region, the country, but the middle east as well. It helps my work, our work, the governments work, that British Parliament is engaging and trying to understand these issues in furthering british influence. Im very grateful. I understand youve had a very interesting visit yourself. Pleased to be here. You asked an important question. It is a short amount of time that hes been in place, but if we look back in june of this year of where things stood with isil moving down the tigris and y eufhrates river, bad dad was under threat and we look today and see maliki is no longer there. Al baddy, as you say, is in place. Abadi is in place, he has a more inclusive government than anybody expected to produce. The length of time it took for the cabinet members to be announced, i think we should be pleased with the progress
Bell. The german wings crash on tuesday that killed all 150 people on board appears to have been orchestrated by the copilot. He apparently deliberately flew the aircraft into a mountain after locking the captain from the cockpit according to french prosecutors. The investigation is ongoing. Billionaire leon cooperman telling clients as firm has been subpoenaed by the sec. The agency is seeking information on certain securities. A tumble in biotechnology stocks entering a fourth day. Investors with drawing more than 420 million from biotech in the past four days. Thats the most since last april. Less than an hour until the close of trading. I want to get right to the latest. Scarlet, its a lackluster day for the market considering that make selloff yesterday. Scarlet at one point today it just looked like we were going to recover. The dow got as much as 41 points in the plus column before giving that all up. Right now you can see we are lower by 33 point. If you look at treasuries, for