Second straight month with another easing move. Welcome back, everybody. One hour of the good stuff today. Plenty to get through today for Hurricane Sandy, as well. Europe went off daylight savings time a week ahead of the u. S. Back to full schedule next week. In the meantime, sandy is no longer a hurricane by name, but still making a major impact. Storm made landfall monday night along new jersey east koer. Still packing Hurricane Force sandy is expected to weaken, but the rain could linger. Already at least ten deaths have been blamed on the storm. U. S. Markets will be closed for a second day today. Still electronic trading. The last time by the way the New York Stock Exchange was closed for more than a day because of weather, 1888. When a snowstorm piled up to 40foot drifts. U. S. Refineries had to shut nearly all the east coast fuel supplies ahead of sandy and theyll begin assessing damage today. Three of the key six refineries shut down. Analysts estimate sandy could cost betwee
Will come here and speak for a couple hours. Day one of negotiations. Nobody is expecting huge news but as jim has already tweeted out this morning, the market is going to look for signs that this tone of compromise that weve heard so much about all week long is that for real or are talks going to break down in early stages . The market specifically is going to depend on that tone today and well bring that live when the meeting happens a little after 10 00 a. M. Weve seen reaction of futures to the possibility of a deal. Weve been down for six of the past seven days but the dow this morning implied open is up 33 points. Sapp looks s p looks to add fiv. Here we have italy down threequarter percent and mixed bag for the rest. Carl . Okay. Were going to go to the road map this morning. That is where carl is in washington d. C. Reports this morning that hard decisions surrounding deficit reduction could be kicked down the road until 2013 in favor of a smaller package of tax increases and s
Billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by Hewlett Packard. In other words, its fraud. After autonomys founder and ceo Michael Lynch was fired by meg whitman, sources close to the company tell me a Senior Executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. Hp began an investigation and concluded that these accounting improprieties inflated the value by 5. 3 billion. The ceo then relied on audited financials when making a bid to buy the company. Those financials were audited but there were plenty of investors out there who questioned autonomys growth rate. Sources close to the company allege that autonomy pursued a number of avenues to make margins, growth rate and overall value appear far higher than it actually was. The company was selling computer hardware. Desk top computers, its a Software Company at a loss to supplemen
Look weak. Walmart may have protesters outside its doors on friday. Deer misses earnings, and the market shrugs it off. Turmoil in israel with a bomb explosion on board a bus today and a rumored ceasefire that never happened. Crude is up 1 as the secretary of state has arrived in cairo. A big day full of planes, trains and automobiles with tens of millions of americans set to embark on their Holiday Weekend journeys. Our phil lebeau is in chicago with more on the Holiday Travel landscape. How painful is it going to be . You know, carl f youre traveling, you always need a little more patience thanksgiving weekend. For the airlines, theyre keeping their fingers crossed because if you look at a map of the United States, you really dont see any major storm systems. That means if its a smooth weekend, you talked about this being important to the profitability of fourth quarter, thats certainly good news for the airlines. Take a look at the number of people who will be traveling this thanksg
Good friday morning, everybody. Im Brian Shactman. We have new details on that growing and out of control wildfire near los angeles. Flames are burning just miles from the famed hollywood sign. We can tell you three men are now in custody for starting the blaze. We have two reports this morning, beginning with nbcs Miguel Almaguer in the fire zone. Reporter explosive and out of control. The socalled kobe fire sweeping down through tinder dry canyons toward neighborhoods with Million Dollar homes. It is really spreading very, very quickly. Reporter with fire hopscotching through neighborhoods, palm trees turned to blow torches. The days sky, a dark eerie glow as ash rained across the region, closing schools and clogging freeways. The terrain here couldnt be more difficult for firefighters to battle. The san gabriel mountains, feeding this blaze, literally drops into the backyard of hundreds of homes. Firefighters were ready, strike teams were in position before the blaze because conditi