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Stable oil puts a bid under equities: Cashin

4:01 PM ET Fri, 13 Feb 2015

The S&P 500 closed at a new record high. Art Cashin, UBS; Jim Lebenthal, Lebenthal Asset Management; CNBC's Eric Chemi; CNBC's Steve Liesman; and "Fast Money" trader Steve Grasso, discuss consumer spending, and today's trading action.