Heres a look at whats making news as we head into a new week on the money. Federal reserve chairman ben bernanke gave the markets what they wanted to hear in a question and answer session after a speech this week. Bernanke said the economy is still not Strong Enough to support higher Interest Rates. Highly accommodated Monetary Policy for the foreseeable future is whats needed in the u. S. Economy. That sent the major indexes higher. The dow and the s p 500 closing in record territory on thursday. The markets having their best day in about a month. And the nasdaq hit a 13year high on friday as well. Earning season kicked off with a bang this week. Jpmorgan chase and wells fargo coming in above expectations welles alcoa. Gas prices are about to spike in prime driving season. Expect a jump of 10 to 20 cents per gallon of gasoline. Its because of tensions in the middle east and inventory issues in the united states. Barnes noble trying to read its own future. The ceo resigns suddenly. Its
Hello and welcome to todays edition of Worldwide Exchange. From davos, im Ross Westgate. Im kelly evans in london. These are your headlines from around the world british Prime Minister David Cameron promises to hold a referendum on the e. U. Warning that a concession for the democratic leadership is wafer thin. If we dont address these challenges, the danger is that europe will fail and the british people will drift toward the exit. Google could light a fire under u. S. Markets today as the giants Fourth Quarter profits top forecasts on higher ad revenues. And here in davos, bank ceos fight back against regulators in an exclusive cnbc debate, apologizing to scandals of the past but defiant it the role of the industry. I think theres so much misinformation out there thats used aggressively by people for their own purposes. We provide a service to you. We make a little money every time we do it. Thats what happens. And ceo confidence down for a third year in a row according to a survey h
Not yes, in stem, but not just in stem. So we are asked to choose. Asked to choose between people with graduate degree who we want to keep here in science, technology, engineering, and math. In many cases, if theyre not allowed to stay, they will have to return to other countries and the jobs will follow them, costing our country jobs. Choose between them and allowing people here from countries other than mexico, india, and china. Some of whom are high skilled, some of whom are low skilled, Divorce Group across the board and looking back at many of our own forebears, certainly mine mitigating circumstance family came to this country in the late 19th century and early 20th century, 1890s, 1905. They didnt have masters degrees they zrntpampedes they didnt have college degrees. And thats the case for many of our forebears. And here today their great grandson sits as a member of congress. And had a program then existed whereby they could arrive nellliss island and be here, i wouldnt be her
Night trying to do something. But weve got to turn america around to recognizing that when you deal with these issues, you are loving america, you are building america. And we should not take second class citizenship to say our issues should be pushed back and others be pushed forward. I thank you for being here tonight. Im going to come down in the audience. Tereasa v. Smith. Please raise your hand. Please come down to the front. Tereasas question members of congress is and i think this im getting a lot of these questions. You heard some solutions here tonight. How do you intend to work with established groups to have vision for helping young people to have an economic base for money for many years. How do you intend to work with established groups that have a vision for helping young people for having an economic base for many years . The solution this evening from many folks in the stage, how does the Congressional Black Caucus plan to work with the groups. How are you already respo
Powerful ideas emerge when you look at something through a completely different lens. And when two parties come together to share those unique perspectives? That’s when the magic.