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Gerri amen and amen. I will show folks exactly what youre talking about here. 39 of folks you surveyed, delays and cancellations are biggest problem. Airport feels and security screenings for 8 . You came up with estimation here how many people are staying home and what the cost is to the economy. First lets talk about how many folks are not flying or traveling . When we asked people, do these delays and cancellations make you want to stay home . We extrapolate to 38 million avoided flights. What does that mean to the u. S. Economy . 35 billion. What does that mean to jobs . Over half a million jobs. This is killing the economy. It is how americans get to see each other. How they get to see america and how they do business. Gerri this is amazing to me. 9. 5 billion on air fare lost. 5. 8 billion on hotels lost. 45. 7 on recreation. Almost four on food services. Three on car rentals. That is big load of cash remains unspent. How do you you come up with these numbers . Youre doing opposi ....
Stretched, as she put it in her semiannual report to congress. It was probably more specific than any fed chair has ever been about targeted groups of stocks, and it certainly caught wall street and investors by surprise. Well have much more on ms. Yellen with analysis and views you will not find anywhere else, coming up here. Now, despite yellens warning, overall, the markets still on the cusp of new highs today. The dow only needs to gain 13 points to close to be a new record. Were above the 17,068 level at the moment, with a rally of about 14 points here. The dow just at about the 17,070 mark. So, we have turned things around, bill. We opened strong and sold off after that testimony and that report this morning. Now, though, it looks in the final hour here like we could yet close positive. It is certainly a possibility. And earnings season is hitting in full force. After the bell tonight, its intel, yahoo and csx all rep t reporting. In about an hour, well have the ceo of csx here e ....
game the ceo of general motors company 2012 earnings fell compared to 2011. dan beinger son his 2012 compensation jumped 44% to $11.1 million. not bad for a company once called government motors. even when they say it is not it is always about money so we all know sometime is money and none of us have any to waste. what is happening to travelers at airports across the country, certainly has airline industry in a tailspin. rich edson at reagan national in d.c. rich? airline industry, air traffic controllers, travelers and some members in congress who are trying to work on a fix to try to avoid these furloughs so they don t lay off anymore staff in air traffic control towers. it has ad had an effect according faa. flight numbers because of furloughs, 422 delays. 36.7% of entire delays in the system. monday 1221, tuesday more than a thousand and wednesday 863 delays for about 29 to 29% of all delays in the country. now there are a group of supports working on a bipartisa ....
Massachusetts, only roiled. you might have heard bonnie was downgraded to a tropical depression but its coming to hit the oil spill site. been about to get a bigger financial hit from the travel industry. a half billion dollars for starters. here s roger dowd to explain. how due come up with the half billion dollars figure? the important thing is we have to deal with facts. we commissioned one of the top research if i did in tourism and they looked at 25 disasters, hurricanes, oil spill and e earthquakes and looked at how long it take to recover. they say $23 billion and three years to recover. your industry should get how much of that? excuse me. ....
fragile. hard to say, unanimous nancy y pelosi is facing a mutiny and look who is caw caught in the crosshairs, small business owners. michael, you re worried that they re doing a storm tax beeline for you. we re caught in the middle of the storm. i don t think they understand. neil: what s your they re in. my they re. neil: your fear. my fear is a frontal assault on small market, private enterprise. it drives me wild that they don t understand. they talk about the rich and wealthy, they don t understand that all small businesses, the majority of them, vast majority, pay taxes at the personal level of the owner. if my company makes a half million dollars, i have a half million dollars of income on my tax statements. i don t get a half million in cash to pay that. i have to take it out of the company and send it to washington down a rat hole. neil: now you hear there are some democrats hearing you and are leery about going ahead and letting these tax cuts ex ....