ROMANS: Let's get an early start on your money this morning, Asian stocks soaring. Shanghai up 4.3 percent. That is a big move for a single day. Strong data from the U.S. and also hopes for more stimulus measures there. European stocks are up 2. U.S. stock futures following that lead. Stocks at the highest they have ever been. Dow and S&P closed at record highs. S&P 500 up 12 percent this year. It's an oil market game of chicken, American energy against OPEC. Prices are falling. Neither side seems willing to budge. Right now, crude oil is $67 a barrel following the OPEC decision not to cut output. Oil prices down almost 40 percent from the summer highs. It means oil producers everywhere are hurting. Oil heavyweights like ExxonMobil and Chevron could survive $40 a barrel. More oil company mergers potentially in the near future. It means cheap gas. When I say, cheap, I mean, less than $2 a gallon in places. Some gas stations in Oklahoma are already selling gas below $2. Gas Buddy says drivers in Virginia, Missouri, South Carolina, Texas, New Mexico, you could join Oklahoma by the weekend. If the oil war keeps pushing prices down, below $2 gas could become common.</s>BERMAN: I think this is one of the stories of the year. You know, it is putting billions of dollars in consumers' pockets in America. It is causing economic growth and major implications in Iran and Russia. Vladimir Putin is dealing with a shaky economy. This is a big deal.</s>ROMANS: The last time we had gas prices and oil prices this low, it was a global recession. This time it is very different circumstances, but very big move.</s>BERMAN: All right, there is a lot to get to today. The protests over the grand jury decision not to indict a white police officer in the chokehold death of an unarmed black man. "NEW DAY" will speak with Eric Garner's widow and more starting right now.
America's Oil War With OPEC