It was really funny. I think Zach Galifianakis to a little funnier than the president. Of the first time and said, theyre so funny. I watched it again, and zach was so funny. Serious news. Is one steptric closer to getting out of the Consumer Lending business. The company is registered to file for an ipo of its north American Finance unit. They plan to complete the ipo later this year. Callediness will be synchrony financial. The Biggest Investment Bank may be taking a hit in the first quarter. According to jp morgan, revenue from trading them under running, and m a may follow total of 11 simply because clients are cutting back. And also the biggest losers will be barclays and hsbc. Nothing toys it has hide. The government denying reports the missing jet flew for several hours after the last reported radar contact. U. S. Investigators increasingly suspect that whatever happened to the plane did in fact involve a criminal act. We want to bring you to bloomberg investigations into of the
Sales rose during the month of february. Is a weathert story. I know youre sick of talking about it. Jpmorgan chase estimated that in january we spent 24 billion dollars extra just staying warm on gas, electricity, money that did not go to dining out and two dresses and things like that. Were going to look to date to things like building materials. Do we buy more snow shovels, snowblowers and salt . It might give us a rough indication of whether we kept spending, but clicking the mouse at home instead. You mentioned the cars. They stole sold more units, about dollar volumes, it includes service and cost of parts. That category could go either way. Watch coreg to retail sales. Leave out cars and gas. You have what goes into gdp and that will tell us something. How ishe weather, this report . We talked about how much a shift towards internet shopping there is. Havees seem that investors figured this out. They do not care about it as much as some other numbers. It is always heavily revise
Europe meantime seeing relief after that tough session on yesterday. We begin with fed chair nominee Janet Yellens confirmation hearings today. Cisco reports First Quarter sales fall about 300 million short of consensus and warns week emerging market demand could suppress Second Quarter revenues as well. And jpmorgan cancels a twitter q a with a top banker after being flooded with insulting questions. First up, when janet yellen appears before the Senate Banking committee, shes expected to defend the easing strategy. She says a strong recovery will ultimately enable the fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases. Yellen add, i believe that supporting the recovery today is the surest path to returning to a more normal approach to Monetary Policy. Well bring you live coverage of the yellen confirmation hearing on capitol hill once the fed chair nominee begins her remarks. Jim, i see you reading the story right now. Things
Not by as much as the company had indicated it could have. Its the first hike since the service was introduced. A lot happening in the Retail Sector today. Data showing a slight increase in february sales. Results from Dollar General and jcpenney relaunching its home goods department. And some new information in the gm ignition switch recall. The automaker now telling affected owners not to weigh down their key rings with anything more than the car key and key fob. Well talk more about that. First up, though, amazon is raising the price of its prime Subscription Service to 99 up from 79. The first increase sense the service was introduced nine years ago. Prime offers free twoday shipping and access to thousands of streaming movies and tv shows. Amazon said those who sign up for prime in the next seven days can lock in the 79 rate. Nice to be grandfathered if you act quickly. The big question, though, is and you, david, know this company pretty well by now i do. How much do people exit
Look at the street covered with bodies and terrified survivors. Witnesses say people were standing in lines for bread when a Syrian Military jet bombed the bakery where they were waiting. More than 100 people were reported dead. That number may go way up as night goes on. A full report from the region in just a moment here on cnn. Nine days left before you face a new year with higher taxes. Apparently a fiscal cliff solution is not wrapped up as a gift under your Christmas Tree. Lawmakers are home for the holidays. House Speaker John Boehner is in ohio, president obama is in his native hawaii. Youll hear about a last ditch effort that may happen after the holiday. That story just a few moments away here as well. A United States senator was arrested for drunk driving early sunday morning. Idaho republican mike crapo was taken to jail in alexandria, virginia, after midnight. He was stopped for running a red light and charged with driving under the influence. Senator crapo has issued an a