Bloomberg's Joanna Ossinger
Related Audio:
-
Jonathan Cheng, WSJJonathan Cheng, WSJ
point to -- Is this part of what's being orchestrated by the Federal Reserve you know we've had 0% interest rates now going on five years. Is it finally is is what's happening here I've seen it 88 and where people say youIt raises you know pushes up the S&P 500 pushes up the Dow Jones Industrial Average . What you and I look at our for a one case we feel more confident we spend more money and that creates a virtuous cycle. That's the hope and it -- the wealth effect and some people say it's been five years we haven't really seen the effects but you could argue that we are starting just yet in the housing market -- starting this Viet. You know with hiring a little bit. But. We don't have a lot of -- There's a school of thought though Jonathan that the Federal Reserve shouldn't be acting in that capacity in terms of what you -- there. It -- when I drop and I studied the -
Caroline Ratcliffe, senior fellow at the Urban Institute
Caroline Ratcliffe, senior fellow at the Urban Institute
and 2000 and African American family thought their -- I about a Eric Anderson in comparison to white Stanley who -- that there was well all out by -- and. Widely again widely disparate deal because -
Warren Mosler discusses Deflation
Warren Mosler discusses Deflation
Would do what is your analysis tell you we will see for oil prices between now and the end of the year. Does that are we gonna decline and it that's an attack brake force. Itchief economist -- -- is it if it's daunting. To consider that oil prices are sat by like a handful people. It really isn't he didn't say it with such calm and ten cent certainty I -
What's Up On Wall Street - Deb Borchardt, The Street
What's Up On Wall Street - Deb Borchardt, The Street
is the big. And had a -- -- medical medicinal Canada for cancer patients And I if you watched Showtime's weeds. At the end of the reason they had that whole like legal marijuana for cancer patients and minds of. If she got a John and I do remember that. In fact. Play us out there at the company coming out this week and they have a product and they are expected to start to turn a profit. They have not. -- making money inspected and losing millions that there are expected to make a profit and they. Most of their drugs or pain drugs for cancer patients which act McConnell just did is that still good thing yeah but I think that Allen has really becoming interesting. He irreversible felony. It is going to give BI and asked why. And that's why I like it seek him Harris she's ready now went down play -- -- kind of IE yeah now I it's not a it's not a big deal at 68 million but I just being well liked -- that I'll I'd like to these stories of drug companies that help. Cancer patients and I like pat. You know they are expected to start to turn a profit and then and then not part of
Automatically Generated Transcript (may not be 100% accurate)
Good morning and welcome back to me to exchanger -- Should say welcome to the financial -- welcome back to view on the line with this extra base. Time to get back to work -- after a week off it's a little tough to back in the saddle first day anyway. Looks like the week for the week June the Dow was up fourteen points -- -- -- it was a very rough day for stocks down couple hundred points but. Overall for the week not a bad week. Yeah not a bad week yet I think it was GE Microsoft to McDonald's you missed out on that one on Friday you know what you gonna do right now seeing how green different -- -- Dallas seventeen points. NASDAQ up ten S&P is up to. -- trading up 160. -- US treasury at slightly as well at one point he Italy will tree up that's the downside of it if you eight cents but it's it's at 1962. Apparently which is a lot less than it was before you left the -- getting to 9293. -- so. And EL I think part of the reason the futures might be up this morning news caterpillar earnings reports came out we're joined by join -- singer in New York. Bloomberg television join a welcome to the show. Is that the impetus for the rise in futures this morning caterpillar earnings. Actually caterpillar didn't do that well. MP3 dot com deal did kind of get -- the bit in the morning and course. Since there was such a big down there on Friday it it's a little bit of a rebound from. But it also Peabody Energy is on now result investment there. But it -- caterpillar forecast sales growth that is the lowest in four years that's kind of dragging and little. And that's actually a worldwide indicator isn't it if Caterpillar's doing poorly as they. Sell a lot of their equipment to the emerging markets Brazil foreign countries so caterpillar slowing down does that mean the world economy slowing down. It could be and days forecasted its own growth for the world economy but a little bit slower they cut their 2012 outlet they'd seen. Nine dollars and sixty cents a share for the year and they cut back nine to nine point five. So they actually cut it a fair bit and you're right it's. Worldwide thing this is definitely concern. You alluded to this. -- British Petroleum deal can you that tells a little bit at a British Petroleum and that a Russian company. Yes it well basically. Rosneft is buying BP's past avid Yankee ET venture -- two point seven billion dollars. So rosneft is going to be about as -- -- tax on mobile in terms of oil and got production four point five million barrels a day. It's a huge steel and of course BP has had so much trouble in Russia and Russia hasn't exactly been friendly pieces -- -- companies state and that. They get a lot of demands and changed the agreement they've had -- BP's just getting out of it rushes they're also making a deal to buy out. He'd keep billionaires censure early copy with. Yes you do all ninety cashing that check will -- All right -- Joanna thank you very much for joining us appreciate your time. -- off singer from Bloomberg News in New York joining us today on the financial exchange. Couple things elite we have a question of the day there or to put out there before we do that. Millions of Americans now watch video that's delivered to their screens over the Internet in a recent survey June. 52%. Of more than 151000. Consumer reports subscribers. Said they had used a streamlining video service in the previous month. So all use that to set up our question of the day. OK it is do you use this Internet streaming video service in itself. Which one do you -- -- -- house light out 68680. Which wondered use never done it I don't quite get it I don't quite get is Netflix something you do on your computers it's something you doing your TV and I don't understand I've never watched a movie or TV show on my laptop because why. I spend a 150 dollars a month on cable single. I have a flat screen TV you know I share their vote no why the heck what I wanna watch anything on my laptop and make a lot of. That is because the police you know -- -- don't wanna watch the same -- their spouses watching perhaps how is that what it is those -- your generation uses a lot of the the the different services that are available to watch. Online and many of your generation doesn't even have a cable box or DirecTV. No I think I mentioned in the past I was trying to find a way to get around -- to getting around to get around using Comcast and others Verizon but I configure the way to do it in watch my games at the same time. But I also I do subscribe to Hulu to watch all my TV shows on who -- around and you watch it on you'll are PC or your laptop that I know I actually I have devices -- -- an apple keeps alive apple TV which hooks up with Netflix and -- so they're different devices that you can hook up -- have. Well hence the question do you use and Internet streaming video service that's our question of the day and we'd like to know which one user might be a stock tip in there barely knew if if we find out that everybody used in Netflix -- who should buy stock in Netflix -- terribly -- and Amazon or Lou I should be services to -- how much is Netflix how much -- -- what are you paying a monthly fee paying per movie or how does this always. Monthly different price ranges I know I pay ten dollars a month for Hulu on the live on TV in -- and crappy movies via through the that a lot of people in Netflix. For the movies. Watch it on their well TV and a lot of people use Amazon. You know you you get the the premium package with a Amazon Indian a lot of free movies that as well so. Different sources that you can use that's our question of the day which do you use and Internet streaming video service which one do you use. June night we'll give you the password of the day that's coming up next on the financial exchange.
