Right now and thats what the markets rallying on at the moment. Pore sure. Were focused on reopening of the government. Market continuing to see flows into stocks. Take a look at investors cannot take this weekend off. What happens at the white house between president s and republicans could determine what happens when that bell rings monday morning. If the deal goes sideways, so could this market. Well be talking with republican buck mckeon, who was in the room with the president when the talks began in earnest. Jpmorgan, they take a loss. Ceo jamie dimon not at a loss for words. Billions in litigation fees and legal problems swinging his bank to that loss for the quarter. Hes now speaking out, suggesting the government is not being reasonable or fair. Well have more on this still developing story coming up on todays closing bell. Lets check the stock market as we approach the final stretch for the week. Dow jones industrial average shy of the high of the day with a gain of 8 5 85 poi
Indulge me for a few minutes. Because as serious as the case may be with regards to our budget and debt limit, we have another crisis brewing, one that goes to our National Security interests, one that unites us across the aisle. Thats the issue and the threat that Irans Nuclear ambitions pose to the world. The reason why i felt i could no longer wait to address this is because i believe, as many of you do, that the world is entering a crucial time in the International Efforts to stop Irans Nuclear program. On september 24 of this year i, along with a group of other senators, wrote to the president , and i expressed we expressed our concerns about reports that the administration was contemplating making a fresh, new offer, a fresh, new series of offers to in. We said that iran must not be allowed to develop a Nuclear Weapon. Understand that if, god forbid it becomes necessary, we could support the use of military force to prevent an iranian bomb. And that iran must not be allowed to in
Hour notice however that if they do not come to an agreement sunday at midnight there will be a strike. Hot hohot hot upon and the bart spokesperson reprise issued this statement pat at we are grateful to the bay area will not be impacted by our unions for the next few days and that the trains will be running while we continue to negotiate. Bart was prepared to offer a new proposal today but the unions told us they were not ready for it. We will continue negotiations tomorrow at 9 00 a. M. continuing our coverage hit up there was plenty of gridlock when they took to picket lines. But kron4s Charles Clifford explains why this time around things could be a lot worse. Charles when bart workers went on strike back into light it was summertime. The kids were out of school and also everyone was on vacation. That meant fewer cars on the roadways and fewer people writing bart trains. But now school was back in session. Everyone is back to work and also the bay areas economy is surging which me
When you think about it the governor has done everything he can. He can call the legislator back into session and they could pass an passengers legislation to pass a legislation to halt it. But they are no closer to a deal. The situation is grim. The situation is not friendly and the situation is likely to boil over into a strike unless one makes significant concessions. Tom vacar, ktvu channel 2 news. As those negotiations continue no one is sure when or if they will walk off the job. Ktvus Paul Chambers found options, a plan b for the commuters out there. Reporter some people are not waiting for unions to make that decision so they are taking matters into their own hands and planning their day tomorrow as if b. A. R. T. Has already called for a strike. Reporter at this hour b. A. R. T. Trains are running but if workers decide to strike 400,000 commuters will need alternate transportation. Them going on strike is disrespectful to the people who give them their jobs. Reporter other tra
Downgrade. Fwu given all of that, take a look at the futures right now. You may not surprised to know we have some green arrows across the board. S p 500 up about 6. 5 points and the nasdaq up about 8 points on an expectation that a deal does get done today. But, boy, things could turn around. We will see what happens. Over, over to you. I know youre waiting. I know. Were watching and waiting. I know were news people. Come this afternoon, if we dont have anything andrew, when they said two weeks ago that these things will converge, the debt ceiling and the government shut down will converge, wa did everyone say . Theyll probably wait until the 17th to do it. Today is the 16th. But tonight, its midnight tonight is the no, i know. You know that theres the slightest bit of breathing room. You know that. I think theres a decent chance we get to tomorrow and maybe the house votes tomorrow. Look, and yesterday, once again, was humiliating for boehner. Remind he me of do you remember plan b .