Page 58 - Auto Sector News Today

To say the auto sector, you know, both sales will be impacted. you can start to see general cyclical sector such as the media section being impacted. and i think if confidence continues to erode, you just have a general slowing down in the construction. and you could expect some of the steel sectors to be affected. >> so automobiles, construction, and interestingly media. peter later explained that advertising in particular is discretionary spending. and that type of spending on tv, magazines, a...

Talking, well, gibberish in a live post-grammy report is telling her bosses she feels fine and her mangled speech was not indicative of a medical problem. the reporter was responding to concerns she may have suffered a stroke or some other seizure during this report. >> well, a very, very heavy tonight -- we had a very -- >> she was immediately examined by paramedics on the scene following that report but was not hospitalized. she was reportedly resting at home yesterday. >> lets take an early l...

Than stronger than before. and at its heart is going to be three powerful words, made in america. made in america. >> joining me now is scott paul, executive director of the alliance for american manufacturing, a nonpartisan advocacy group for jobs in america in the manufacturing sector. scott, great to have you with us tonight. these 36,000 jobs that have been added, where did they come from? what are they doing? >> well, i mean, we have added 180,000 jobs since the beginning of the year. there...

And dynamic small business sector. >> congressman, what do you see for michigan when you look at the long-term forecast? theres going to be 8, 9% of the american people unemployed well into 2011. i mean, if we dont come up with a long-term relief package, theres going to be real struggles in this country. >> were still struggling in michigan although it is gratifying to start seeing car sales going up. were starting to see employment back. as mentioned, president obama was in michigan today to t...

Airing what it says is video of pakistani american faisal shahzad. the authenticity of the tape could not immediately be verified and the person in it appears sometime before the may first failed attack occurred. in the tape shahzad calls the plot a revenge attack. the latest retail sales numbers are shedding new light on the current health of the economy. sales in june fell for the second straight month after seven consecutive increases. the government attributes the worse than expected decli...

Subject to this and the treasury department and the white house say they expect the ten largest firms to pay over 60% of this. the idea again, is the very industry that got us into this mess will be the industry that got us out. critics say wait a minute, some of those very big companies have already repaid their bailout money with interest. others say that there could be some -- some companies that never even took bailout money that will end up paying for it and that its basically punishing the...

Of concern. you cannot have a system which -- a financial system earns money without people being able to borrow again, raise equity, raise debt, thats part of what is necessary to let economies grow. you cannot have growth without credit. when credit is available you will see banks starting to be able to be in business again. >> the way you guys have been and the administration have been handling this has been the stimulus package, help on the mortgage front, help with the auto sector, the fede...

For another day. what about it? >> well, youre absolutely right, ed. this is a big victory for american workers, american families. we had a situation because of the mess on wall street and the unbridled greed that existed on wall street that brought our economy to its knees and the auto industry was in a horrible situation. if it was not for the government stepping forward and providing loans to the auto industry, you would have seen not only those hundreds of thousands of jobs at gm but also a...

Are ten foreclosures for every one home saved. president obamas foreclosure prevention plan will likely assist about a million troubled homeowners in the end. that is short of the administrations stated goal when they came out with the program of 4 million. and on top of it all, leading bank executives have told cnn that they are reducing the amount that troubled homeowners owe on their mortgages only in limited cases. so that means that there may be very little help for some 4 to 6 million peop...

It is going to be a long road back but this is sort of step one, showing us evidence the job market is healing to some extent but it is going to be a very long road back. >> what needs to happen next for that long road to be paved a little bit more efficiently? >> wed like to see the unemployment rate go down. but it would take 13 million jobs between now and 2013 to get to that down to below 6%. for job seekers out there looking, shift your adjustments some. some industries, jobs are never comi...