and so the chiefs have moved ahead, i met with one before he redesired he said he assigned the chiefs to cut $465 billion out of defense and that s a lot more than secretary gates had worked on. but that happened. now that s up to $487 billion. that s in the budget. we ve already passed that. it s in the budget that we move forward on that will kick in, assuming the senate will pass a budget. but it will whack we are operating on as ever october 1st for the next year. the sequestration then kicks in on top of that. we are talking almost a half trillion dollars and then another five, six hundred billion on top of it. a very serious issue and i hope you resolve it. great to see you, sir. thank you. why did the nevada city just declare a safety emergency? here s aahing t has to do with money. the mayor is here next.
and so the chiefs have moved ahead, i met with one before he redesired he said he assigned the chiefs to cut $465 billion out of defense and that s a lot more than secretary gates had worked on. but that happened. now that s up to $487 billion. that s in the budget. we ve already passed that. it s in the budget that we move forward on that will kick in, assuming the senate will pass a budget. but it will whack we are operating on as ever october 1st for the next year. the sequestration then kicks in on top of that. we are talking almost a half trillion dollars and then another five, six hundred billion on top of it. a very serious issue and i hope you resolve it. great to see you, sir. thank you. why did the nevada city just declare a safety emergency? here s aahing t has to do with money. the mayor is here next.
why they bought the company for $12.5 billion back in august last year. bought regulators in europe and u.s. just warn that google shouldn t abuse the patents and they could relook at this one if they do. big news for google in that marketplace. apple yesterday, the stock closing over $500 a share. steve, what s the significance there? it s quite extraordinary. people are already talking about $600 a share. this is the first time ever the shares have closed over 500 bucks. they got as high as $504 in session. this means this is the biggest company, not just in the u.s. but in the world by around about $65 billion margin. it s worth $465 billion. the second biggest is exxon-mobil, worth around about $400 billion. it comes after the fact that two weeks ago they had blockbuster numbers with revenues up over 70%. people are expecting more of the same. back to you. steve sedgwick, thank you very much. we appreciate it. the fbi is helping local
flaring and deadly political upheaval. we re learning more about who these young men are and why their families are so frightened. i m wolf blitzer ayou re in th situation room. we re coming to you from washington s historic constitution hall, the scene of tonight s cnn republican presidential debate in which we ll focus on national security and foreign policy. in just under four hours, the candidates will walk on stage. it s been ten days since their last face-off an in that time, there have been some dramatic changes in the race. newt gingrich is now at the front of the pack according to our new poll. in this statistical dead heat with mitt romney. and while his new top tier status puts gingrich in the spotlight, romney is always getting a lot of attention for his first television campaign commercial. an ad that s misleading at best. democrats are calling it quote, dishonest. and deceitful. cnn s joe johns is working the story for us. what is this all about? this is a
this is most important sales time of the year for them. you can t blame them either, but there are a lot of them, sears last year open from 7:00 to noon. i guess when you are supposed to put the turkey in. thanksgiving morning a it does them no good so they won t be involved in any of this year. a lot of stores are saying just forget it. there are some stores that won t do it. like nordstrom s one holiday at a time. heather: and this particular shopping str season they are making $465 billion in sales. that is only about a 2.8% increase over the last year? i mean in this tepid recovery that is not bad. 2.8% is okay. any kind of gain over the last