Commodity Corner
Date:Mon, 16 Nov 2009|
Description:Eric breaks down the record run for many of the precious metals.
Automatically Generated Transcript (may not be 100% accurate)
Tonight regard jump right it's -- extremely -- at first -- to sound consumer sales retail sales came out this morning. About one point 4%. Much better than expected it goes against 2.3 percent drop. Last month there was broad base that was autos yeah it was autos we knew that was going to be the case. But apparel one area that's been lacking for a year apparel did very well it's a luxury goods Saks Nordstrom did very well as well selling selling stuff off. They're cutting labor that's one reason number two inventory to keep their inventory very low and this year you can see sales at the end of the year. At ten to 20% versus last year. But their markings are down fifty to 70% -- my -- yet on another day another gold record 1144. Dollars for gold. Off the charts. That's a 115. Dollars. In two weeks but you know copper was up. 5% -- the biggest copper producer in the world. Raise the price that it is so cop -- in China it's China or China is demanding a lot of copper -- wire. A lot of -- a lot of roads and bridges copper also rice prices -- six. 8% in the last four weeks and that's because. Of one el Nino bloody exporting and importing countries over there -- droughts and -- cyclone itself rice prices on the on -- also. -- green Redskins always heard about this all day today. The Supreme Court. Through this case out they're trying to get this -- of Washington Redskins to drop that logo. I after seven years Supreme Court is no way by the way guys that went through what about Cleveland Indians Chicago Blackhawks in Kansas City Chiefs just say I -- an extreme. Giving -- this -- that's Japanese prime minister I'd love this in depth look again at prime minister. Here's the issue. US presidents are suppose the buyout of prime minister's Japanese price anyone else was about. To shake the hand of the -- by the way -- deep bow to sign an apology. Mr. President no offense. Don't apologize. To -- Rebecca.
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