Detailed text transcripts for TV channel - MSNBC - 20141216:14:29:00
Mandy drury is joining us. so much for a santa claus rally. >> another rocky opening. you have the continued crude oil prices. and in case that was not enough for you, collapsing. but the plunging oil prices are catching our attention here in the united states. it could potentially trigger defaults by u.s. shale oil and gas firms. it's already causing layoffs. there's realtors in houston predicting a drop in home sales. sort of trickles around the country. on top of that, the cherry on top. u.s. housing permitting fell. all in all, red on the screen and already the s&p is down by six-tenths of...
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