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To Monetary Policy. Rates will be staying where they are right now, which is close to zero, of course. Until at the very least the jobless rate falls to 6. 5 . We can only cross our fingers wherefore when that might be. Ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. The central bank ramped up its Asset Purchase Program adding 40 billion to its 40 billion a month purchases of mortgagebacked bonds. He spoke about the objectives during wednesdays news conference. The asset purchases and the rate increases have different objectives. The asset purchases are about creating near term momentum in the economy, trying to strengthen growth and job creation in the near term. And the increases in the federal funds rate are about objectives. On that note, lets get dinos take on the latest move. Grpg month. For you ....
To michelle. She has todays corporate stories. Pfizer abandoned its bid to buy astrazeneca after being rejected by its british rival. The move had been widely expected. Pfizer can return with another offer in six months or three months if astrazeneca invites it back in. Well talk more about this story with a pharma analyst in about ten minutes on squawk box. Top executives from General Electric and siemens had set to appear from the French Parliament today. Francois hollande will meet with ge ceo jeff immelt. Reuters reports that siemens is preparing a formal offer for alstom. That would mean a slightly higher volume on alstoms Energy Activities than the ge bid. But only a little more than half of ges cash component. All those deals. Was it astrazeneca that was resisting or was it political i think it was astraze ....
Is. He was developing completely normally. What happened . I think the first thing that we noticed was that he stopped sleeping and then he started to lose language. When he was three years old owen suskind all but disappeared in to silence, diagnosed with autism his parents thought their son was lost forever. Until the discovered an unlikely way to bring him back. I never felt this way about anyone. I. Ahead on sunday morning the surprising store radio of how one boy found his voice thanks to the magic of the movies. Osgood with summer close at hand hollywood set to release movie magic of every sort and for every taste. That morning ben tracy offers a sneak peek. The Summer Movies have begun. Time for big blockbusters, big special effects and perhaps big profits for the movie business. Our very lives depend on it. Hollywood is hoping for a monster season at the box office this summer. Well sample what the studios have to offer lat ....
She loves to go shop shes all out of control she cant stop designer clothes, jewels, hair shes throwing money everywhere my head is spinning head is spinning oh, oh, oh, oh shes a princess shes a princess shes a princess shes a princess modernday princess in perhaps the most unique super bowl matchup ever, brother against brother. Add to that, the pending retirement of ray lewis has set the stage for emotion and drama in new orleans at super bowl xlvii. And we are officially under way with super bowl coverage for new orleans, with the niners and the baltimore ravens. Welcome in to super bowl live, delivered by papa johns, for the next three hours. I have super bowl champions to my left, darren sharper, and heath evans. The 49ers at last check are in the air. They are about 20 minutes away from landing in new orleans. When they do land where does that put them, over arkansas . Roughly arkansas. We should get a flight map up there. Were not known for geography. When they get to louisiana ....