Stay updated with breaking news from Cara fisher. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Days. The abductors threatening to auction her off to the highest bidder on a secret site. And taylor swifts trial. The superstar facing off against a radio deejay she says touched her inappropriately. This photo by tmz now a key piece of evidence. The courtroom battle about to get under way. And good morning, america. We hope you all had a good weekend. We sure do. There were so many out there who were facing rough weather over the weekend. Lets take a look at the flooding in new orleans and theyre cleaning up from that mess this morning. And also a look at the tornado damage in tulsa, oklahoma. Now that system is making its way to the northeast. Texa right now and lets go right to ginger for the very latest. Good morning, ginger. Good morning, robin. Heavy rain already falling from Eastern Kentucky right through parts of pennsylvania, and this is after a weekend with damaging and severe storms and also all that flash flooding. ....
Calls. Well talk more about david tepper and some others in just a moment. But first, andrew has a roundup of some of the mornings top stories. Andrew, that story is already here in the new york city area. I cant believe it. We needed it about a week ago. I dont know. Shocked me a bit this morning, whoa, back to work in the snow. Well, happy new year. You, too, happy new year. Fiat decided to buy the stake in chrysler it doesnt already own. This is all in cash. Once that deal closes, chrysler is committed to giving the trust an additional 700 million. The agreement ends months of tense negotiations. The deal means no chrysler ipo. Thats important because the ceo never wanted that. And phil lebeau will have more at the top of the hour. In our corporate news, mccow ka seeno has reeled a deal. Were going to talk more about the big business of gambling coming up at 7 40 eastern time. Cnbc is part of that and windsor media, an Investment ....
Time since 2012. Maybe stocks are slowing because of the hunt for yield, the tenyear treasury note below 2. 6 . Whats that sound . It is realtors dancing as Mortgage Rates are likely to fall back again. Europe as you can see with the exception of what looks to be switzerland or lichtenstein is down. Our road map begins with apple and one very large acquisition. Talks to buy beats headphones, dont forget the streaming service for 3. 2 billion and create the first hiphop billionaire, we will address some skepticism from the street. And getting divorced before they got married. Publicist and omnicon calling off their merger. Ugly breakup in the ad industry. Somebody call john ham. Ralph lauren and the gap out with results. Ralph lauren beat, warning about shrinking margins. Ralph waging its Global Expansion at the begin of margins. Were calling it straight out of cupertino. Ap ....
Pole. Almost 2,000 cancellations have been made for today for the flights. Jet blue is hoping to get back in the air after shutting down completely in new york and boston yesterday. The airline says operations will begin to ramp up again at 10 00 eastern time this morning. It expects to be fully operational by 3 00 this afternoon. In the meantime, amtrak says it plans to operate on a reduced schedule throughout the northeast corridor today. It is cold out there if you havent been out already. We will have the latest from the Weather Channel in about 15 minutes. Thank you, becky. In Corporate News this morning, chilly news, actually. Sources say executives will be spared in jp morgans madoff deal. While the bank is expected to pay about 2 billion to settle that criminal and regulatory investigations in dealings with bernie madoff, no individuals at the bank will be implicated ....
Nikkei. Overnight in asia not good. 2 drop wrapping up what is the worst week in three years. Of course concern about china in terms of exports or lack thereof. A look at europe where we also are going to see a good amount of weakness. The follow through as you might expect from here yesterday, a day in which we saw the s p down almost 2 and the nasdaq nasdaq down 3 . Lot more than that. Yeah. Lets get to our road map this morning as you might imagine. Does start with that meltdown if you want to call it that in the markets. Stocks slide around the world. You just saw. Is this the start of a correction . The tip of the spear, jpmorgan profits disappointing. Jamie dimon confident in the american recovery. How will the banks weak results drag on the market and other financials. The flip side wells fargo profits up 14 and those shares are rising. Another bad month for sales at gap. Gap discloses a 6 drop in march samestore sales after a disappointing february. Gross margins taking a hit. ....