Transcripts for CNN New Day 20150101 11:16:00 : vimarsana.co

CNN New Day January 1, 2015 11:16:00

you're asking where john roberts falls out, is he willing again to protect the obama health care law against a strong consensus on the right to move against it? i think that will be critical question. >> internationally, oil, what's going do happen? we understand first of all, tell us why this is happening. why are saudis pushing down the price of oil? who are they coming after? >> the saudis are pushing down the price of oil. that's some people think part of a complex geopolitical strategy to put pressure on the iranians who have more budgetary problems they don't have the foreign currency reserves that the saudis do their oil is more expensive to get out of the ground. there's a sectarian conflict in the region. there's a lot of impetus for the saudis to keep pumping and keep the price low. >> what about collapsing our market? >> absolutely. on the one hand lower prices of oil is kind of a tax rebate in the consumers' pocket to the tune of $100 billion.

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