Page 11 - 111 4 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Like this because it really hurts oil companies' bottom lines. but let's take a look at what the market might do. because we want to know, what is going -- this consensus view of wall street. analysts say an eight percent gain? stocks, the s&p 500, which is not as good as last year, which was 11.4%. so maybe a slight pullback but not much. 8% is a good year in the stock market. but i have to tell you, these guys are always upbeat, always at this time of year always happy, singing the song that -- >> you don't trust it? >> not really. if i could preticket the stock market, if anybody in this ro...

Get some wage gains here. people are suffering because they're not making enough money. >> the other factor is the number of people actually participating in the work force. >> it's been really super low. not so low since the '70s, since before women got in the work force, 62.8%. not a big improvement there. the youth, which is a broad number of unemployment. 11.4. still not great. but some real improvement there. >> improvement all over this place. gas prices going down, wages going up. >> love that. >> makes santa a little better. >> a little oh oh oh -- a little ho-ho-ho for you. more hea...

There's plenty of snow to go around. yesterday when it was relatively balmy, 31 degrees most of the day, we picked up 11.4 inches of snow. that's a record for the date and the second snowiest calendar day on record going back to the 1800s. it's piled everywhere this morning. we do have the sun coming up on this icy morning. notice there's no traffic. there's no activity. that's because the mayor has basically shut down the city except to emergency vehicles and people trying to seek shelter. they'll reassess that midday today to see if they'll soften up that travel ban. everyone is sitting tigh...

So much for the record highs. we were on watch for it, but it didn't happen. the dow and s&p 500 dropped ever so slightly. don't worry. it's not because of major news. what goes up, must come down. the averages are up 19 to 22% each. stock futures are looking flat this morning. gotta mention this. facebook made a headline of its own. they closed above the ipo price for the first time closing above $39 a share. it debuted at $38. the earnings report showed facebook is selling more mobile ads these days. lots of old cars on the road these days. the average age is 11.4 years. it's a record high...

Want to ask you, in terms of funding for this, we're hearing $2 billion worth of damages. as a budget guru here, i ask you, fema's budget i think for the year is somewhere around $11.3 billion, 11.4. does that seem like something that, that figure, do you think that that seems within general projections, as far as these things go? >> i think so. before i drop into bean-counter mode, let me just say the emotions of the tragedy are so deep there. and it's so important in that regard. that we amply budget for these disasters. historically we've often ignored the fact that these disasters are beco...