. >> anthony chan joins us to talk about what lower oil prices mean for the economy. okay, anthony, you've heard the conversation. there are two sides to this story. one is that low oil prices helps u.s. consumers. the other is that it hurts increasingly significant u.s. proders. on balance, is oil at $80 a barrel, at 75, at 70 a good thing for the american economy? >> well, remember, when oil prices come down, it certainly gives a big boom to consumers adding as much as a billion a more for every penny gasoline prices go down. but as you always know, whenever something happens there's two sides to the issue. will it cut some capital expenditures and some jobs? of course. but you have to ask yourself what on net is the balance. on net a bigger positive contribution to the overall economy given that consumer spending the close to two-thirds of the economy and given the fact that capital spending on oil services and exploration is such a small share of the employment market that you all of a sudden see these fuel prices come down, you'll have more demand for goods and se

anthony chan with us today, winny sun, joe durand, kenny pulcari better known as telly sulva sulvalis. there is a lot to come this week. >> it is interesting this morning and saw the weakness and the market come down and find support. 1950-ish level and found that support, kind of bounced off of it. testing it. feels like it wants to be a level where it wants to build a foundation. talking about that now for a week and a half and rallied back up and through and until it feels like it wants to stay there. 150 earnings this week. the fed on wednesday. everyone's going to be waiting patiently to see whether or not they change their tune. certainly they withdraw but are they going to leave the door open in the event that the data turns worst? >> joe, what about yesterday's stress test results in europe? what did that do for confidence? whether in europe and the banking systems more broadly or the way people will allocate money especially at the end of the month here? >> i think what you will find is people very relieved that no one is used the weakness in the dollar, the change in oil to