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Has one more orders. Welcome to countdown. I am and not edwards. Im joined by Ryan Chilcote dan manus cranny. I am anna edwards. Five Straight Days of declines and this all goes back to the horrible reminder in portugal. One of the main shareholders in one of the portuguese banks has temporarily missed some of the interest payments. This brings into question the five years they have gone through. Banks have problems. Likes a reminder of risk. What are you looking at, ryan . Ukraine has not been in the headlines but maybe very soon. The rebels have concentrated themselves in the city of donetsk. Its bigger than frankfurt. We will look at israel, iraq, geopolitically lots of things to get confused about. Im looking ahead to the aviation gathering taking place in the u. K. Starting on monday that runs for a whole week. We will be there monday and tuesday. We have a manufacturing b ....
Ive been harsh on california. The governor there, jerry brown, said the deficit disappearedment thanks to spending and taxing cuts. This predicts rosie predictions about Economic Growth in the future and how much will be saved by spending cuts. I say its a little early to celebrate. By the way, Governor Brown has some spending increases built into his budget. Look at this, 2. 7 billion extra for k through 12 education and 450 Million Dollars extra for school, Energy Efficiency projects. Steve malanga is here, the expert on state finances. Im saying that, yeah, ive been harsh on california in the past, the formerly golden state. I say youve got to look more deeply at this budget it aint as good as it looks and you say what . A couple of things, first of all, cal ....
The year. A shocking u. S. Budget deficit drop. The deficit fell to the lowest level in 5 years on record revenues and a slow down in government spending. Facebook makes investors smile shares initially shot up more than a dollar after the close. The social media companys revenues rose to 2 billion topping ananalyst expecations. The Company Reports having 1. 19 billion montnly active users. The stock later drifted lower on concerns about a decline among teen users trader andrew keenepresident of keene on the market. Com joins us this morning for closer look at the markets. Andrew will we see any post fed reaction in the market yet today . I think we saw a post reaction yesterday. If you looked at you know we were very strong in the morning. We keep climbing a little bit higher and higher on a daytoday basis. Then when the news came out, i think the thing that scare people was a possible taper in december was told. So then, we sol ....
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