The buyback of greek debt will in fact work. Were seeing just fractions of a percent in terms of changes there. Our road map this morning starts with the latest in the fiscal cliff negotiations. The white house promptly rebuffs the gop counterproposal which calls for 800 billion in new tax revenue but without tax rate increases for the wealthy. Could this tax issue deadlock the talks . Bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. Even more dividends pushed into 2012. Coach, American Eagle moving up and oracle will play out threequarters of dividends this year. More strength in housing this morning. Toll brothers earnings top expectations. Well begin with the fiscal cliff. Governors are set to meet today with the president and congressional leaders. Governors are concerned about the impact of deficit reduction measures on their state budgebu. The latest gop offer would overhaul the tax code, raise 800 billion in new revenue but see
Protesting president morsis decree to express its powers. Despite there, there was a nice pop, a move of 31 cents, about 2. 5 . It tracks Egyptian Companies that trade in egypt. David egypt, the fiscal cliff, so much uncertainty. Where do you put your money . Go to the big caps. Look at the winners among the big cats. Not huge, but this is where people are puttinggtheir money. They want it in safety. They are not putting it in gold. If you have to be in the market, go to the big cats. Thats whats happening. Liz president obama discussing the fiscal cliff, and, plus, speaking live to the iowa governor, his state facing a double whammy if we go over the cliff. What compromises hed love to see come out of washington, and how he believes they could reach them. This is a guy who deals with the Democratic Senate, so, really, he knows how to cross the aisle to make it happen. David somebody else you know about, with all the talk about tax increases, the idea of a simple flat tax dead . Well s
Captioning sponsored by wpbt this is n. B. R. Tom good evening. Im tom hudson. Its one of the worst flu seasons in a decade. How all those sick days could impact a companys bottom line and the economy. Susie im susie gharib. Wells fargo posts better than expected earnings. We review the results and pre view a wave of Big Bank Earnings coming out next week. Tom and boeings 787 dreamliner undergoes a comprehensive safety review by federal regulators af oqr severl problems surfaced this week. That and more tonight on n. B. R. Tom if you are sneezing andc feverish tonight, youre not alone. The flu has officially reached epidemic proportions in the united states. The centers for Disease Control and prevention say more than 7 of deaths last week were caused by pneumonia and the flu. Its expected to be the worst flu season in a decade. But its not just a Public Health issue, theres the potential for a real economic impact, costing employers billions of dollars. Erika miller reports. Reporter
Costs, according to the centers for disease control. But this year is expected to be far worse. That figure does not include the cost of lost worker productivity. Reporter to make matters worse, many employees are reluctant to call in sick, for fear of losing their jobs. So they continue going to work, delaying their recovery and infecting others. Some businesses have so many sick workers. Theyre severely understaffed and are scrambling for backup plans. Its a perfect storm. Companies are already quite lean in terms of their abilities to duplicate work if somebody is out. And this years flu season isc three times what the normal levels are for flu. Reporter doctors also have some recommendations forc companies trying minimize the impact of the flu on theirc workforce. If your employee is sick, they should stay home. You should recommend that your employees get the influenza vaccine, if they havent done so already. Reporter and thats advice i personally took to heart today. Erika mil
Another. More than 100 wildfires are raging australias wales. Quarterback Robert Griffin iii will go under Reconstructive Surgery this morning on his knee. Im a former stripper. All thieves witnesses were scared. What could Lance Armstrong do to them . Insin rate them. On cbs morning news. You wear the rings, what do you do . Put them on the coffee table for the recruits to look at. Notre dame defeated rish people havent been this depressed since all the time. Captioning funded by cbs welcome to cbs this morning. Nearly a month after the newtown massacre, the white house is putting new pressure on congress to consider tougher gun laws. Gun control supporters are also pushing harder while the countrys leading gun lobbies prepare to meet with Vice President joe bidens task force on gun violence. Bill plante is at the white house this morning. Bill, good morning. Reporter good morning and good morning in the west. The Vice President meets in about an hour part of the Task Force Effort to