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Cutting staff. And the need to slim down is not unique to citi; its industry wide. A financial industry runs into huge problems. It happened in the 30s, and it happened in the last five years. When you go through these periods, you go through a lot of change. That industry is now trying to figure out what is the right size of the industry. Reporter still, economists say citis action today is not the start of a new ve aofls crfe america. The nations job market may not be robust, but its not frozen, either. In fact, today, the payroll firm a. D. P. Reported 118,000 new private sector jobs were a...

Than 1 billion a year in expenses. But they wont be cheap, resulting in a billiondollar charge against fourthquarter earnings. Is this gloomy news from citi the beginning of other companies doing the same . Suzanne pratt reports. Reporter 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. And there could be more. Thats because the monster firm is still struggling to recover from the Great Recession even though it has fired a lot of other workers in the last few years. The thing is, citi has a new c. E. O. In michael corbat, and experts say hes anxious to make his mark, even if ...

It all is about washington right now, the markets are watching every single headline that were getting out of there. How much trouble are the budget and debt talks in at this hour, especially as we approach thursdays deadline . Lets bring in our team, peter barnes is standing by at the white house right now, rich edson on capitol hill, Nicole Petallides on the floor of the feigning, and weve got sandra smith at the cme group. Peter, want to start with you. The white house is trying to, i guess, if you will, gauge whats happening between the senate and the house. Where do we stand . Reporter th...

Coming up come from coverage of the annual libertarian conference freedom fest, economist George Gilder talks about the new edition of his 1981 bestselling book, wealth and poverty. This is just over 30 minutes. George gilder, you have the new edition of wealth and poverty out. How is the country changed since the original wealth and poverty came out in the 1980s click it hasnt changed at all. Weve got a new carter in office and president obama. Most of the themes of wealth and poverty that sprung from the awful doldrums of the u. S. Economy under jimmy carter apply stronger, more strongly tod...

Google trades today under goog and googl as the stock is split in 2. And the northwestern Wildcats Football Team is set to vote on a union april 25th. The university has until next week to file an appeal. Everyones favorite stock market bear todd horwitz of average joe options is here good morning good morning. Whats up . The stock market. Thats whats up. The adp numbers showed 191 thousand jobs added. The big jobs number is still to come on fridaywill it be a market mover . I dont think its a market mover unless its going to move the market down. I think the number will be okay. I wouldnt ass...