Rico and if you think it doesnt affect you, look at your mutual fund. You may puerto rico funds and not know it. We have that and more on nightly Business Report for tuesday, october 8th. Good evening everyone and welcome. The war of words heated up and stocks and bonds cooled off again today with todays losses driven by the freezeup in washington over the debt limit and Government Shutdown, the dow shed all of septembers gains. Its down a staggering 900 points from the alltime closing high hit just three weeks ago. Thats nearly 6 and today was the worst day in six weeks for the s p 500 and nasdaq. That market fell 2 and volatility spiked to its highest level since june because there is seemingly no movement and no discussion between president obama and House Speaker boehner over the reopening of the government and averting a federal default in nine days time. Here is how the president characterized the stakes in the press room this afternoon. A decision to actually go through with it,
Rico and if you think it doesnt affect you, look at your mutual fund. You may puerto rico funds and not know it. We have that and more on nightly Business Report for tuesday, october 8th. Good evening everyone and welcome. The war of words heated up and stocks and bonds cooled off again today with todays losses driven by the freezeup in washington over the debt limit and Government Shutdown, the dow shed all of septembers gains. Its down a staggering 900 points from the alltime closing high hit just three weeks ago. Thats nearly 6 and today was the worst day in six weeks for the s p 500 and nasdaq. That market fell 2 and volatility spiked to its highest level since june because there is seemingly no movement and no discussion between president obama and House Speaker boehner over the reopening of the government and averting a federal default in nine days time. Here is how the president characterized the stakes in the press room this afternoon. A decision to actually go through with it,
Matter to the market when washington is such a huge concern . And hitten debt storm, there is a developing crisis larger than detroit, this time puerto rico and if you think it doesnt affect you, look at your mutual fund. You may puerto rico funds and not know it. We have that and more on nightly Business Report for tuesday, october 8th. Good evening everyone and welcome. The war of words heated up and stocks and bonds cooled off again today with todays losses driven by the freezeup in washington over the debt limit and Government Shutdown, the dow shed all of septembers gains. Its down a staggering 900 points from the alltime closing high hit just three weeks ago. Thats nearly 6 and today was the worst day in six weeks for the s p 500 and nasdaq. That market fell 2 and volatility spiked to its highest level since june because there is seemingly no movement and no discussion between president obama and House Speaker boehner over the reopening of the government and averting a federal de
Are out lays. After october 17th, the payments come quickly for the United States government. On october 23rd, the u. S. Owes 12 billion in Social Security benefits. On october 31st, the pressurery must pay 6 billion but november 1st could be the highest hurdle of all, on that day the u. S. Must pay 67 million on a variety of expenditures. Retiree and veterans payments and sup mental security income. That is the date to watch if youre worried about the u. S. Missing a payment. It doesnt get easier after that. On november 13th, treasury must pay 12 million in Social Security benefits and on november 15th it must pay on quarterly interest. Bottom line, its impossible to say when the United States would miss the first payment but every day after the 17th, its going to get tougher and tougher to pay the bills. For nightly Business Report, im amemon javers in washington two household names reporting sales and profits for the just completed Third Quarter. Alcoa easily beat earnings forecast
Psychologically probably is worth trying to ramp things up in the end. Absolutely. Its the charge heard around the world. The stock market is rigged. Author Michael Lewis asserting that to kick off his book tour. We have more reaction. Well examine if average investors would help or hurt themselves by avoiding stocks because of what lewis is saying. We have plenty of reaction coming up. And its dday for obamacare signups, but healthcare. Gov has been sick on and off all day as in it hasnt been working on and off all day. Well have the latest on yet another embarrassment for the new Health Care Law and were going to talk with the ceo of a hospital care company. Theyre the largest Psychiatric Hospital owner in the land about the impact it will have on his business, on obamacare, and on your care as well. Very instructive. As we head into the final hour of trade, lets look where we stand across the markets. The dow is up 133 points. At this point its only about 120 points off its record h