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Avoiding the energy space. Its definitely a time to hook energy. Any business with the price of your only product goes down by 55 in six months its going to cause it but probably not for us. The economy is facing a 45 billion hit if oil prices average 50 adding that its likely moscow will be downgraded to junk status. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Italy in focus with italian inflation data coming out. Coming in at 0. 0 for the month of december but it did come into negative territory year over year so a sign of deflation given the fact tha...

Warns of the tough trading condition ahead while we plummet on yet another profit warning. Investors all eyeing a host of key cities stateside with jpmorgan and wells fargo kicking off banking earnings. Announcer youre watching worldwide exchange, bringing you Business News from around the world. And were just getting the ieas oil report. Oil has fallen for the Third Straight month in october. It dipped below 90. Its down now 20 since june. The reasons are abundant supply, Strong Demand growth and a strong u. S. Dollar. In particular, it says, quote, while abrupt slowdowns in demand in q2 is c...

What must be done. Cutting spending alone, i. E. Sequestration, is not the solution. Raising taxes is not the solution. It will take a combination of spending reduction, entitlement reform, and tax reform to stimulate more revenue. Hard and tough votes will have to be taken, but that is why we get elected to the United States senate. The world is waiting for america to lead on this issue. If we do, the u. S. Economy will respond in a very robust way. The gang of six laid the foundation for this problem to be solved and it is my hope that we do not leave the solution to the next generation. Wit...

The s p 500 hit a new record, points away from the 2,000 milestone and the blue chip dow closed above the key 17,000 level for the first time in a month. The mood on wall street was positive as investors and market pros are feeling confident that the Federal Reserve chair janet yellen will continue to call for low Interest Rates tomorrow when she addresses policy makers in wyoming. More on that in a moment. Adding to the upbeat mood, a bach of encouraging news about the u. S. Economy. Fewer americans filed unemployment claims. Existing home sales rose more than expected and a key report on fac...

The s p 500 hit a new record, points away from the 2,000 milestone and the blue chip dow closed above the key 17,000 level for the first time in a month. The mood on wall street was positive as investors and market pros are feeling confident that the Federal Reserve chair janet yellen will continue to call for low Interest Rates tomorrow when she addresses policy makers in wyoming. More on that in a moment. Adding to the upbeat mood, a bach of encouraging news about the u. S. Economy. Fewer americans filed unemployment claims. Existing home sales rose more than expected and a key report on fac...