Now the markets, after session lows down across the board, 1. 5 . The falling price of oil is bringing down energy stock. 1. 4 . P 500 is down the nasdaq is down 1. 6 . We did get good u. S. Retail sales data and Consumer Sentiment. As well as lower unemployment numbers. That is not to turn this around. For every one stock of, 8 stocks are down. For the week on this friday, the worst performance since november 13, we are down by 3. 5 and 70 points. The index is going 20 six sessions without back to back games. The record is 28 days. That was set in 1970 him and he hit it in april of 1994 and again this march. Two more days and we will tie it again. Three days, and it will be a new record. Oil, a lot of superlatives in the market. Nymex crude is down 2. 9 . It is down for the sixth day in a row. This is its longest losing streak since march. It is the lowest since february of 2009. Natural gas is falling, it had broken below the two dollar mark, and it has risen above that at two dollar
Bill ackman says that no one from his office has been questioned over possible manipulation of herbalife stock. The feds are investigating global strategy group. It was one of the firms hired to handle government relations. He spoken market makers. Course we have not encouraged anyone to make false statements. You dont need to make a false statement to be negative about the company. Within the truth is whats powerful here. The truth is the company is harming people. Corey shares of the company are plummeting. Herbalife insistence not a pyramid schema. Ukraines government has accused prorussian rebels of breaching the treaty. This comes after the imf approves the program to bailout ukraines struggling economy. General motors has settled a lawsuit that spurred a massive recall over faulty ignition switches. Gm was sued by the family of brooke milton, who died in 2010 after the ignition switch failed in her chevy cobalt. Her parents initially settled the suit for 5 million but filed a sec
Themselves the eurozone as a ruler is not doing well. In germany, the growth is less than it is outside the eurozone. Matt not just any french economist. Grease cut a deal two months ago with european officials to get a 7. 5 billion more. Alexis tsipras is offering stocks in Hong Kong Hit a sevenyear high today. Investors from china power to the surge. Mainland authorities recently made it easier for investors to use a link with a hong kong exchange. Oil prices are slipping again after a government report of inventories far as he did far exceeded estimates. There is a new boss in the business today. Petro china is the worlds Biggest Energy company. Its market value is 333 billion. The jury that convicted the Boston Marathon bomber now must decide whether he will die for his crimes. He has been found guilty on all 30 counts against him for the attack two years ago. He faces one of just two outcomes life in prison or the Death Penalty. The governor of massachusetts knows what his decisio
Technology hard hit today. One of the Leadership Groups on the downside. 3770 on the nasdaq. S p 500 down 14 points, almost 1 lower, at 1676. The dow and the s p extending the weeks losses. Bob pisani, it got bad at the end. What happened from your standpoint . The volume picked up a little bit. We talked about how complacent the markets have been. It was interesting to see this drift lower here at the close. Particularly with the vix moving well up over 19. Lets take a look at the s p. 1674 was the low right after the market opened. We went up maybe 1684 in the middle of the day. And pretty steady. And then just in the last 25 minutes or so, drifted lower. Were only two points above the lows for the day. Thats pretty good on an intraday basis. Take a look at economic sensitive. Cyclicals were generally weaker. Footbal financials were a notable weakness, as well as financial stocks. I asked, why is abercrombie down, macys, gap down. I didnt hear anything in particular will what Retail
Have come up with the administration of the web site. Reporter three weeks ago, healthcare. Gov opened to the public and essentially crashed on the pot. The administration has repeatedly blamed the number of people visiting the site but the volume issue has been repaired. Now there are new problems in name registration, eligibility questions, and in the most important step of buying occurrence. The c. E. O. Of high mark insurance in pittsburgh is a company hoping for thousands of new customers. The we web sites problems have held enrollments to a fraction of that. Well, its in the hundreds. So its a fairly low number given what we would have expected. My greatest concern is that people lose confidence in the system generally. Reporter three committees in the house plan hearings on why the administration repeatedly promised the web site would be ready without a hint the site was in trouble. Officials have since acknowledged the system was not well tested. Sources tell cbs news the Under