Consequences, there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. Earlier today, leon panetta. Well have a report from the pentagon on syria in a moment. First, shock waves in washington. A powerful republican senator suddenly calling it quits. South carolina senator jim demint will step down december 31st to lead the heritage foundation. Its a powerful conservative think tank in washington. Demint says he can be more effective outside the senate. A lot of my role in the senate has been stopping bad things and saying no to bad things. But we need to do more than that and tell americans what were for. One of the mistakes i think the Republican Party made the last two years is trying to make obama the issue without sharing with america bold reform ideas that get people inspired to get behind us. Senator demint, huge tea party supporter. Sometimes clashes with his own partys leadership. He is leaving with four years
Research Senior Research economist michelle mire and well talk through everything thats been happening through jobs and what to expect. But first, there is a developing story. An earthquake off the northeast coast of japan triggered a tsunami warning. The warning has been lifted, but it was a 7. 3 quake. So far no reports of any injuries or damage. It was for the same area devastated by an earthquake and tsunami back in march of last year. We will continue to bring you any developments. In the meantime, steve has some of the mornings top other stories. Lets start with the markets. Asian stocks rallying to 2012 highs overnight. The nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. European trading, shares seem to be fwllat. Bundesbank announced it had cut its Growth Outlook for the country. In the u. S. , the nasdaq snapped its losing streak yesterday with its first gain in five days. The dow was on pace for its Third Straight weekly gain. U. S
Around the president ial palace in cairo. Troops were deployed to push back protesters after a violent night of protests saw seven People Killed and hundreds wounded. Protests have spread to other parts of the country as well. Egypt has been rocked by a wave of unrest after the president announced a decree, giving him so sweeping powers. His move to push through a trap constitution that the opposition rejects has sparked more flames. Tanks outside the president ial palace in cairo. The elite republican guard, whose job it is to protect the president , says it has deployed the vehicles to keep protesters apart. They are also insuring that demonstrators are kept away from the entrance. In the morning, hundreds of members of the Muslim Brotherhood made their way towards the palace to show their support for president morsi. More scuffles broke out when the opposition again rallied against the new constitution and morsis power grab. International governments are calling for dialogue. I am d
Clashes killed at least seven people. Chancellor merkel and Prime Minister netanyahu told talks as frustration grows over israels planned to expand settlements. A legendary brazilian architect dies at the age of 104. Calm appears to be restored around the president ial palace in cairo. Troops were deployed to push back protesters after a violent night of protests saw seven People Killed and hundreds wounded. Protests have spread to other parts of the country as well. Egypt has been rocked by a wave of unrest after the president announced a decree, giving him so sweeping powers. His move to push through a trap constitution that the opposition rejects has sparked more flames. Tanks outside the president ial palace in cairo. The elite republican guard, whose job it is to protect the president , says it has deployed the vehicles to keep protesters apart. They are also insuring that demonstrators are kept away from the entrance. In the morning, hundreds of members of the Muslim Brotherhood
We have amex and United Health as the weak links. Centralbank president mario draghi put it damper on what could have been a strong rally saying weakness in the euro zone is expected to continue for a while. It has been going on for quite some time. Dont know why that is a surprise to the market. That means for the next couple years would centralbank is also cutting their 2013 forecasts for the region. The wild swings in apple just over the past couple days, yesterday apple tanked suffering its worst day in four years. Today a tiny bit of a reprieve from the selling. Noticed a sharp reversal at 10 00 this morning. Buyers stepping in, all kinds of sound bites from tim cook who is the leader here. It didnt choose the market in any way for apple and oil is taking a still down for the third day in a row. Part of the weakness due to supply. Gasoline inventories jumping last weekend when you throw in the mario draghi a you see y crew is up 2 that is the interday picture. If you see what happ