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June 20, 2024
On the other hand, going over the cliff might mean a recession. On top of that, worries about a deal were already causing trouble. Uncertainty about how the fiscal cliff, the raising of the debt limit, and the longerterm budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of caution in financial markets. Susie wall street and Business Leaders were pleased that bernanke was talking tough. And t...
June 20, 2024
New york city today to send a tough message back to washington get your act together. He urged lawmakers and the white house to reach a quick deal to avoid the fiscal cliff, saying it might mean next year could be a very good one for the economy. Ben bernanke didnt endorse any specific tax or spending policies to solve the fiscal cliff, but he urged lawmakers to think creatively. He said an agreement on ways to reduce longterm federal budget deficits could remove road blocks to growth. On the ot...
June 20, 2024
On the other hand, going over the cliff might mean a recession. On top of that, worries about a deal were already causing trouble. Uncertainty about how the fiscal cliff, the raising of the debt limit, and the longerterm budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of caution in financial markets. Susie wall street and Business Leaders were pleased that bernanke was talking tough. And t...
June 20, 2024
Little bit of white house exploits. Lets get headlines from olivia sterns. After the close of u. S. Trading, jcpenney, the struggling retailer posted its first quarterly profit in more than two years and shares rallied in afterhours trades. Retailers return to discounting at last. The income was 35 million in the quarter compared to a loss of 552 million a year earlier. A little bit better numbers from jcpenney but coming off of a very low comparative figure. Tesla out with details on its socall...
June 20, 2024
Place at the Ronald Reagan building. We spoke with senator mark warner. Tony hawk will talk about the olympic sports and maybe a little bit of white house exploits. Lets get headlines from olivia sterns. Close of u. S. Trading, jcpenney, the struggling retailer posted its first quarterly profit in more than two years and shares rallied in afterhours trades. Retailers return to discounting at last. Was 35 million in the quarter compared to a loss year earlier. N a a little bit better numbers from...
June 20, 2024
Stocks fell yesterday after the release of the fed minutes. The dow dropping about 90 points. You can see right there, 16,040 is the final trade. The s p 500 traded within a point of a new alltime high before falling 12 points by the end of the day. The futures this morning, at least at this point, is weaker. Just barely, though. The dow futures down by 8. 5 points. Dow futures off by 11. 5 points. The Consumer Price index and the weekly jobless claims report, those will both hit the wires at 8 ...
June 20, 2024
The full senate for final consideration. Steve liesman reported last week senator rand paul said he was thinking of putting a hold on yellens nomination unless a voet vote was loud on his proposal for more transparency on the fed. Beyond the fed, there are some other economic happenings. Namely, at 8 30 eastern time, we have two reports delayed by the Government Shutdown. First, we go the Consumer Price index. We also get retail sales. At 9 00, we have the s p caseshiller home price index. At 10...
June 20, 2024
Covering the games will be covering that. Well go to kayla with some of the top stories. Dangerous element six weeks before the winter games are set to begin. Elsewhere in corporate america, apple is just saying no. The company urging shareholders to vote against carl icahns 50 billion stock buy back proposal. No word yet from the billionaire investor. Apple releasing details of tim can cooks pay. He took home 4. 25 million which is on par with what he made a year ago. He gave up 7100 shares tie...
June 20, 2024
And getting a clearer picture of the devastation left behind from the typhoon in asia. How you can help the recovery effort in just a couple of hours. Mornings on 2 begins right now. Good morning. Welcome to mornings on 2. These are live pictures from hayward at what is left behind after an earlymorning fire ravaged an apartment complex. Luckily, no one was seriously injured. But were now learning that the impact of the fire is growing. The reason behind that coming up in a live report. Welcome ...
June 20, 2024
Steve, for the most part we have a decent commute. Over night we have one big problem. I do want to mention that traffic starting off on the east shore freeway does look good and its dry. Remember steve mentioned if it does rain tomorrow, you really need to give yourself extra time. If it does rain for the morning commute tomorrow it will be a big deal for the traffic. It will be a lot of slow traffic. It always happens that way. There is no reason to believe it would be otherwise. This is a loo...