Fail. Im ali velshi, our special coverage of wealth in america starts now. Follow the money in america and youll quickly find yourself on either coast. Silicon valley californias hotbed of innovation technology, Silicon Valleys income is almost double that of the rest of the country. No company embodies the success and wealth of the valley more than apple. The value of apple stock this year topped 700 billion. Apples shares will rise says one analyst to the point where the company will be worth 1 trillion. Its no secret that apple is on such a roll. Chance he are the person next to you is using a iphone. The company has sold half a billion iphones since introducing the phone. Most successful electronic product in history. Applesapples ceo tim cook. Steve jobs could founded apple in 1976, his death from cancer in 2011, during his legendary run jobs was booted from the company, and even a genius, but he also earned a reputation as a breshbrash ego maniac. Who didnt tolerate fools or crit
Today. I am sorry, session highs for the s p 500. I got excited. With that being said, you have the up arrows. The s p 500 up one third of 1 at the moment. Lets talk about why we are seeing some of this optimism. Lets take a look at ford. A new 52 week high. They came out with some good numbers. Raising guidance Going Forward. That is good news. Back to you. Adam thank you. Lori one of the contractors behind the obamacare website says the website is being fixed and will be ready in time for january 1. Richardson joins us with the very latest. They will not say exactly when this will be fixed. They did not have enough time to test it. There is just too many people logging on to the exchange and that is the root of the problem. There are thousands of website that handle volume far larger than what healthcare. Gov was faced with. Surely the website was designed to handle more than 2000 users. They are not responsible for what i call the front door. Rich this hearing is about four hours ol
Comfortable, those are things we are doing, but we could do more of, and the second one, i think is the point thats important. The european story is we eliminated debt clauses, were done. Its not the case. Theres much more work that needs to be done, and i talked to my colleagues at the state department, encouraged them to put that at the top of the agenda. Get that market unblocked, more connections between there, you dont strand gas. You get connections. You can move more gas around that continent faster than it takes to build a new terminal. You can use the ones that theyve got. This 1 the next one here, and we have to bring it to a close. I have one or two comments and questions, and ill turn it over for final remarks, but i want to thank you, all, for your patience, excellent testimony, and everything will be submitted to the record. I want to bring it back locally to the u. S. , particularly louisiana and the energy coast. Designing an energy policy, which this committee is focus
Traders say that the vix illustrates the central bank as backstopping the markets so that means theres less demand for downside protection. Speaking of Central Banks, we have two key decisions to watch today. The bank of england is expected to withhold fresh monetary stimulus as the start of the new year gets under way. Forecasters say that the Economic Data is still too mixed to try and trump inflation worries. The ecb also expected to stay steady, holding its key rate at. 75 . Policymakers are seeing refraining as the eurozone economy shows signs of stabilizing. We are going to bring you both decisions as soon as they are announced. And the ecb reports comes out 45 minutes later. First, breaking news out of washington. Today, president obama is going to be announcing his plans to nominate jacob lew as the next treasury secretary. The president will be making that announcement at 1 30 eastern time in an event in the east room of the white house. John harwood joins us now with more on
The right hat can Party Anywhere she wants. Thanks for watching state of the union. Im Candy Crowley in washington. Head to cnn. Com sotu for extras and analysis. If you missed any part of todays show find us on itunes, just search state of the union. Fareed zakaria gps is next. This is gps the Global Public square. Welcome to all of you in the United States and around the world. Im fareed zakaria. We v a series of feisty debates on the hot topics of the day. We start with president obamas nomination of senator chuck hagel to be the next secretary of defense. We have a clash you will want to watch. Then the relationship between the United States and russia keeps getting worse, whose fault is it . Moscow or washington . A debate. Also, the next fight in washington will be over the debt ceiling. Can president obama end this craziness and bypass congress altogether . Well talk about the out of the Box Solutions and whether they would work. And, finally, this is the signature of the man wh