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News, Roosevelt Leftwich joins us with the latest on what appears to be a scary situation. It is a practicing you can see behind me the police are still out here that the are going up and down the street looking for evidence. It happened about 10 00 oclock this morning, the shoplifter got into the car at the guard tried to stop them o then the guard was dragged into the street when we understand he fired but not sure if anybody was injured, we w did talk with a man in the neighborhood who said that hei lets you see the actual thing happened. I came outside and everybody said that cannot hear. The police are still trying to determine the suspects. Trying to find out the condition of the security guard,ut he may may have non lifethreatening injuries will have the latest for you as it becomes available. The person is dead after a crash with a semi and concordep happened just before 10 00 a. M. Involving a car in a semi truck in t ....
Bowlessimpson proposal. Erskine bowles saying the gop offer does not represent the plan, he says both sides are kind of far away from it at this point and that its now up to negotiators to figure out where the middle ground is today. Bowles said that the mid point that i used back in this is where we were last year. So used the mid point of the negotiations, but its in longer the mid point i guess. He also said he is a testimony, but he has separated himself from the administration by saying that they thoo should have taken more of their proposals more seriously. He also said last night that you will see higher marginal tax rates. Higher marginal or effective . Higher mar begin ginal rates talking about last night. Thats part of the 500. He thinks as part of the compromise to get there, youll have to see the democrats get their way in terms of higher marginal tax rates. He also said that the republicans should be able to see higher entitlement cuts, that that should be part of this con ....
Then, now i can move over here, there is sue, the it fed, decision time, one hour away and where does america stand on job creation . Its critical, obviously, to the fed and to the economy. Adp number out this morning, not so great. Lets check in with you at the nyse. Youre absolutely right, and we will get to that but we want to start, ty, with the fireworks on capitol hill as Kathleen Sebelius goes before the house energy and commerce committee. Bertha coombs is on the case on capitol hill. Over to you, bertha. Sue, the hearing lasting more than three and a half hours and members of congress usually a little more def ren shall to a cab meth member but they did hit secretary Kathleen Sebelius hard on a number of issues. She started out by apologizing and taking responsibility for the website nurse and its improving every day. Clearly there have not been enough but she ....
Month well below the forecast of 200k and the Unemployment Rate falling threetenths of a point but the decline was largely as a result of people, jim, who are leaving the workforce. Right. You called it an outlier a few moments ago. Outlier, but one thing i learned about the numbers is when you get an outlier, the market still trades off it. We can i say dismiss it and throw it away, bonds are soaring and Interest Rates are down. Maybe were in a bad news is good news moment because Interest Rates will come down. The last few mortgage numbers have been okay. The refis are bad. This is helpful for housing. But if we dismiss this number, then we should dismiss the 300,000 numbers. You cant play that game. You cant decide, you know, this number ill throw away. Its a real number and its a bad number. Well talk to secretary ....
With baseball bats. Banned for life. The nba slapped a tough punishment on Los Angeles Clippers owner Donald Sterling for racist comments he made in an audio recording. Effective immediately i am banning mr. Sterling for life from any association with the Clippers Organization or the nba. We have more on todays decision. The decision everyone was waiting for. Reporter richelle, it was a landmark decision. But Donald Sterling made headlines because he fired back at the league stilling jim gray that he is not selling the team. But it is a defining moment for new commissioner adam silver three months into the job, silver had to make a statement, and he dropped the hammer on sterling. Sterling admitted to silver that it was his voice on the recording. Eff ....