Safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape of emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is behind bars, theres still much we dont know about the scam which involved, by some accounts, a fraud of more than 50 billion. Investigators are still trying to figure out who was
Safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is behind bars, theres still much we dont know about the scam which involved, by some accounts, a fraud of more than 50 billion. Investigators are still trying to figure out who was in
Staples and childrens place, well break them all down for you. Paypal cofounder reed hoffman fires back at carl icahn and ahead of tomorrows big jobs number weekly jobless claims did decline slightly as we said. Well start with retail. As we mentioned three big misses, costco biggerthanexpected fall in profit as deep discounting during the Holiday Season hurt margins. Childrens place announcing an 18 drop in Fourth Quarter earnings. Highly promotional market in Severe Weather and then staples missed on revenues said its going to close more than 200 stores by the end of the year now that nearly half of its sales are generated online. People are calling it a triple whammy in retail and obviously tough news for obvious reasons. Disconcerting mostly by costco because costco when i saw the number, hey, thats not so good but when i read the release they were telling you they were unhappy with their performance. Its the new pattern where someone says, look, its not just the weather, we didnt
Busy world offers. Lord, deliver them from the inclination to pray pedestrian and comfortable prayers. May they instead pray courageously about even the things they fear, and in your presence hear you say dont be afraid; it is i. Remove the barriers of fear, suspicion, and doubt that keep them from you. With be them every hour of this day, teaching and guiding them with your wisdom. We pray in your sacred name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Reid mr. President . The presidinmr. President . Offic. The president pro tempore the majority leader. Mr. Reid i move to proceed to the hagel sport sportsmen legis. The president pro tempore clouter. The clerk motion to proceed to s. 2363, a bill to protect and enhance opportunities for recreational hunting,
Including due possibility, freeportmcmoran, dow chemicals and then the spider select materials sector, that down about 3 . Top holdings there, monsanto, dupont. David liz, lets take a look at that index you were talking about, the volatility index. When things go south, as they have, this usually goes up. This is not a stock, this is an index, but there are stocks that are linked to this if you think things are going to continue to go south. This was just down below 15 not long ago, it jumped about 13 today, its up to almost 19 right now. Again, when it got down below 15, people began to wonder, jeez, how low can this thing go . Apparently, it reached its limit at that point. Liz you could argue it was dupont and 3m with earnings reports that people didnt embrace, but todays selloff theoretically started in europe as worries mounted about spains ability to overcome its debt troubles. Again you see that the ftse 100 down about a percent, you saw the dax down 14 Percentage Points as well