Page 20 - Playing Off News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Arena, but it won't work economically. >> we'll definitely hear about that tomorrow night. in the meantime, store closings expected to hit. jcpenney laying off 22,000 employees. macy's laying off 2500 workers. sears looking at 300 store closures since 2010. is this a sign of the times, simon? obviously the president not going to be talking about those store closures tomorrow night. >> yeah, it is absolutely a sign of the times. these stores, particularly macy's and jcpenney, cater to a solid middle class that america had from the end of world war ii right through basically the beginning of the...

Lauren simonetti has the story. >> job cuts following the data breech at target. laying off 475 workers across this operation. it employs 360,000 in 1900 stores. the problem weak sales after the massive data breech when they took 40 million payment numbers and 40 million shopper's personal information. target says before all of that sales were good and then they turned materially weaker. a warning to google chrome users out there the search giant can listen in on your conversations. it all has to do with the voice recognition software. most sites that use recognition also use secure atts serve...

Said was either misinterpreted or taken out of context or else he got cold feet, i don't know. but there was a dispute about why cleveland is laying off. >> that may be true. the broader point, it's not just them. if you look at other health care providers across the country, hospitals. and then just employers generally, you are seeing a mad rush for the doors and anybody who can get a special deal is trying to get one. we think it ought to be delayed not just for a select few the president believes are his favorite constituents. it ought to be delayed. it's not working. they are saying there ...

Said was either misinterpreted or taken out of context or else he got cold feet, i don't know. but there was a dispute about why cleveland is laying off. >> that may be true. the broader point, it's not just them. if you look at other health care providers across the country, hospitals. and then just employers generally, you are seeing a mad rush for the doors and anybody who can get a special deal is trying to get one. we think it ought to be delayed not just for a select few the president believes are his favorite constituents. it ought to be delayed. it's not working. they are saying there ...

23,300 people at wells fargo, bank of america, jpmorgan and citigroup. the fact they moved so rapidly to lay off workers tells me something else is going on. >> neil: what is it? >> i think they're previewing a higher mortgage rate. next year. in fact that's what we're seeing in the action. >> neil: how high? >> it could be go back to what it was last decade. 2010, we saw 5, 5.5, 6 percent. remember 9, 10% in the 90s? 4, 5, is historically low but we did see applications for mortgages hit 2008 levels and refinancing hit 2009 levels. the banks are saying refinancing is key. there's a dropoff in...