Captioning sponsored by wpbt this is n. B. R. Susie good evening, everyone. Im susie gharib. Toms off tonight. Americans are waiting to hear from president obama as he gives his state of the union speech. We look at his jobs plan and what wall street wants to hear from the president. And currency wars g7 countries say theyre looking to boost their local economies, but critics say theyre aiming to get ahead by weakening their currencies. That and more tonight on n. B. R. Were hours away from president obamas state of the Union Address. Americans arent just listening for what he says but how he says it. Will he strike a hopeful or optimistic tone, and will he offer a concrete plan to create jobs and grow the economy . Washington bureau chief darren gersh reports. Reporter with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. But while his plan may be new, the challenge is not. The
Boilers to cement kilns to power plants to oil refineries, and inflicted a significant cost that wasnt there four years ago and has made it more expensive to manufacture. Reporter the Great Recession created an employment crisis, but slow job growth has been a problem for decades. Business startups began falling in the 1980s, and that trend picked up speed after the 2001 recession. No one is sure why that is, and until economists figure it out, it will be difficult to get a strong jobs recovery going. Darren gersh, n. B. R. , washington. Waiting for president obamas speech. Now despite a cautious day of trading, the dow closed at its highest level in more than five years, and returned to the psychological important 14,000 level. The dow gained 47 points, and the nasdaq lost five, and the s p 500 up two points. Even though the stock market has made dramatic moves, and Trading Volume today and throughout february has been light. Market pros say thats because investors are searching for n
Offer a concrete plan to create jobs and grow the economy . Washington bureau chief darren gersh reports. Reporter with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. But while his plan may be new, the challenge is not. The economy is not growing fast because the demand for the goods and services that we can produce in this country has not increased very much. And unfortunately, the Public Sector purchases of consumption items and investment items has been incredibly weak compared with earlier recessions. Reporter state and local spending on roads, buildings and bridges has hit a sevenyear low. Its fallen so far that even the massive stimulus plan was not enough to make up the gap, and thats the challenge for the president. Hes expected to propose more spending on infrastructure tonight, but to make a big difference, the amount spent would have to be large enough to offset the
Jobs and grow the economy . Washington bureau chief darren gersh reports. Reporter with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. But while his plan may be new, the challenge is not. The economy is not growing fast because the demand for the goods and services that we can produce in this country has not increased very much. And unfortunately, the Public Sector purchases of consumption items and investment items has been incredibly weak compared with earlier recessions. Reporter state and local spending on roads, buildings and bridges has hit a sevenyear low. Its fallen so far that even the massive stimulus plan was not enough to make up the gap, and thats the challenge for the president. Hes expected to propose more spending on infrastructure tonight, but to make a big difference, the amount spent would have to be large enough to offset the downward trend for public projec
It. Will he strike a hopeful or optimistic tone, and will he offer a concrete plan to create jobs and grow the economy . Washington bureau chief darren gersh reports. Reporter with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. But while his plan may be new, the challenge is not. The economy is not growing fast because the demand for the goods and services that we can produce in this country has not increased very much. And unfortunately, the Public Sector purchases of consumption items and investment items has been incredibly weak compared with earlier recessions. Reporter state and local spending on roads, buildings and bridges has hit a sevenyear low. Its fallen so far that even the massive stimulus plan was not enough to make up the gap, and thats the challenge for the president. Hes expected to propose more spending on infrastructure tonight, but to make a big difference,