India. The u. S. Led Coalition Continues air strikes on i. S. I. L. Targets in northern syria. The faa is warning of more Flight Cancellations and delays on monday at chicagos two main airports and elsewhere. Great to have you with us. Unpresence dented protests have gripped the very center of hong kong. This is a live look. This is monday morning and demonstrators are lined up for a fourth day of rallies. They are protesting chinas decision to vet candidates for elections. Many see it as a step backward for a fight for democracy. Hong kongs financial future, were already seeing it. Half of the companies on hong kongs hang seng index help drive the 3 billion stock market. Companies are expecting a massive selloff. Police use tear gas and pepper spray to disperse the crowds. As of last night 34 people were injured and 78 people were arrested in the area. Protesters say they must stand for democracy. The message is hong kong people love democracy. They believe democracy is good for hong
Moment. Olivia the u. S. And other world powers want to keep iran from building a nuclear weapon. In exchange, iran wants an end to economic sanctions. The ecb wants to make sure greek banks have enough liquidity to operate. At the same time, it does not want the banks helping to finance the greek budget deficit. The greek Prime Minister heads to moscow to meet with Vladimir Putin next week. He may be doing this to pressure leaders who do not want to for the first time ever, california is imposing mandatory water restrictions to fight very severe drought. Governor jerry brown has ordered local water supply agencies to cut back use by 25 . Those cuts affect everything from homes to businesses to golf courses. California is in the fourth year of this drought or it it got worse because of record low snowfall. Brendan controversial laws critics say would disseminate against gays in indiana. The Indianapolis Star says it would say the law could not be used as a defense for discriminating ba
At the nyse. Welcome, michelle. Hey, tyler. Thanks. We got a nice triple digit rally today. Going to start with a market alert on this big day for the markets. Robert pisani, whats the story about why were climbing today . Nobody is around in congress to say anything bad about the fiscal cliff. Everyone said, hey, were looking good president in bangkok said things are looking good. Pelosi came out, representative pelosi, speaker of the house, said we can do a deal. Everybodys happy. Then they all left. There is a recess. Nobodys coming back with a fiscal crisis. A week and a half. That means theres no bad news. What sectors were most beaten up in the recent election . Tech, telecom, energy and utilities. What sectors are up the most today . Tech, telecom, energy and utilities. Coincidence . Wall street. Dont you just love the whole thing . The important thing is were getting a little bit of gyrations in the gur reuro beca there is a finance ministers meeting tomorrow morning. Thats hel
Industrials down 230 points. It was battered by new tremors, currency, the russian ruble, south everett perrin, all were slammed near multiyear lows, could lose even more of their value, worrisome for the markets. At the moment we can say it could have been worse. One major it was out yesterday, helped strong growth and allimportant paid clerks areas, advertising. Google shares, a dozen brokerages on the stock today. We are up 4 , 46, google looking better than most big global turbulence, quite a lot of money out of emerging markets, the action is grabbing the attention of Federal Reserve officials. Today San Francisco fed president John Williams speaking to peter barnes and a fox business exclusive, told peter the fed does not want to overreact, shortterm market gyrations, what we are seeing now, peter will bring all the highlights of his interview in a few moments. You need to hear this interview because mr. Williams talked a lot about what he sees as far as the economy is concerned.
We do and 11 hours before the ball drops in times square. Floor traders pouring on the confetti in the floor there. Annual tradition at cme pch noon time on the corner of southwest jackson an south la salle. We dont know what to say about this, still apparently, no deal with less than 11 hours to go. The music says it best perhaps. Washington has been an absolute circus. Now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on power lunch. Lets look at the countdown clock. If we dont get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. Happy new year, america. Im sue herrera. We will start with john har wood at the white house in a few minutes. But amman starts us out. It seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. How long you delay those down and otherwise pay for them s