nearly so of new fed money, it s already spurred a 4% stock rally over the past two weeks just on the rumor. 287 points up this week alone. markets closed up today. now, even though i disagree with bernanke, i m going to show you how $500 billion will help the market, at least in the short run. plus, if ben bernanke thinks the economy is so bad that he had to act so quickly and dramatically, then the question becomes can mitt romney walk through the bad economy door that mr. bernanke has now opened? we ll get to that later in the show. now, let s turn back to our other breaking news story of the night. the u.s. downgraded by rating agency egan-jones. they say qe-3 is the reason for the downgrade. now, since bernanke pulled the trigger on qe-3, markets have gained almost 300 points. the achilles heel in all this? king dollar. that s what egan-jones talked about. we ll get back to that story. i want to break down the numbers because this is an interesting story. stay with me o
jack welch said gas is taking a toll on growth and new reports suggest that an spr release may be in the making. jetblue has more than gas prices to worry about after a pilot goes berserk on a flight to las vegas and forces an emergency landing. we ll hear from ceo dave barger. and goldman sachs bows to invester pressure adding a lead director to work with lloyd blankfein but don t think the muppet controversy has gone away completely. after the worst ipo attempt in history, should he have been fired what is next for the electronic exchange b.a.t.s. prices at the pump march toward an average of $4 a gallon in this country. reports say france is discussing a strategic oil release with the u.s. and the uk and nat gas falls down to 1.5%, a ten-year low. an amazing day in the energy complex all around yesterday. all wrong. the higher oil price slows down our economy. the inability to harness this natural gas price other than a few instances, with the epa helping longer
relief well which will allow them ultimately to cement up the leak, but that could take months to get done. in the meantime they are turning to desperate measures along the lines of apollo xiii. they are to some degree improvising this. look at the giant containment structure, 40 feet tall. they are going to lower that a mile below the surface of the gulf of mexico over the main leak and there will be a pipe off the top going up to a vessel on the surface where they will be able to offload all of the oil. now they just hope that it works. nobody s ever done anything like this before at this sea level. similar approaches were done several years ago after hurricane katrina by other firms, that wasn t us. but never at this level. this is new technology. reporter: they are hoping they will get that structure actually out into the gulf as soon as tomorrow, at least bringing it out to the rig. and there actually is a back-up as well that will go out along with it, but it will b
. fox 5 all over three big stories. a murder mystery unfolding in maryland. a woman found dead steps from a youth detention center and tonight we know who she is. but we we re going to begin with a developing story. the f.b.i. working to recover the body after pilot they say flew his plane into a texas i.r.s. office. within the last few hours searchers found the body inside the wreckage of the plane. this is our first look of the man investigators say launched the suicide attack. his manifesto read in part, sadly though i spent my entire life trying to believe it wasn t so but violence not only is the answer, it is the only answer. will thomas is monitoring developments from our newsroom tonight. reporter: as you just heard frurts firefighters discovered a body but keep in mind along with the pilot there is a federal employee unaccounted for tonight t. may take some time to get an i.d. on the body. we do know, however, 13 are hurt. two critically. [ stand by for
copper and gold on the weak side, weaker throughout the day. the existing home sales numbers. bear in mind these have held up extremely well just the last week, for example, lennar down there. modest decline in some of the big names in the home builders. difs appointing home numbers came out, the commodity names moved to the down side. massey or the oil service names like smith or eog, also weak on the day. i want to note the real estate investment story, ipos, two big names here, both of them set up to invest in mortgages associated with commercial real estate. both priced at $20. you can see, both closing below their price, more importantly the amount of stock offered was half what it was spoken about last night. no assets behind them yet. they re going to buy stuff. that s part of the concern here. institutional investors distrustful of what the real value is of commercial real estate. thank you very much, bob pisani. i thought our producer, lu luchange was going to say,