Falling off the cliff. He promised to bring a bill to the house floor this week that would raise income tax rates for people earning more than 1 million a year and no new spending cuts, for now. The white house immediately rejected it. Darren gersh reports. Reporter House Speaker john boehner says the president is asking for about half a trillion dollars more in taxes than he is willing to cut from spending. That means the two sides have narrowed their differences, but the speaker says not enough progress has been made to call it a deal. So he is making other plans. Our plan b would protect american taxpayers who make a Million Dollars or less and have all of their current rates extended. Reporter while the speaker prepares his backup plan, the outlines of a grand bargain with the president are becoming clearer. Both sides look ready to adopt a new inflation indicator that better measures the way consumers shift their purchases when prices rise. This is a technical adjustment that supp
Happy friday. I am Melissa Frances. A lot of headlines to go up to speed. Do jpmorgan ignore the warnings . After new Senate Report after the huge trading loss. Melissa and other mechanical problem with Carnival Cruise lines the third in a month. Lori what is your vice . All day we look at the business of vice. Melissa we have the brains behind the medical marijuana vending machines is is the future prescription drugs as well . Lori en you may like the wings but we know what you like hooters. [laughter] with the famous american brand going overseas. Melissa lets head to Nicole Petallides at New York Stock Exchange it is down 37 points on the session. Still a winning week with eight consecutive sessions were up 10 Straight Days and today is one where it takes a little breather now where it goes over the line 50 times but has been under pressure for some time. The s p 500 is slightly lower but we have Consumer Sentiment in they are feeling bleak and as were getting get it is quadruple wi
Countdown to the countdown. Sin sells. 3,000 spent on porn every second, so its no surprise Adult Entertainment icon larry flynt is rolling in the dough. We hear from one of the most controversial men in the business. And its all going online. Internet porn making it a billion dollar industry. Weve god friend weve got friend finders ceo on how hes taking the penthouse brand to the u. S. Plus, will this be the day the s p will make history . Countdown to the closing bell begins right now. Cheryl hello, everybody, im cheryl casone. Liz claman is on assignment. More on that. Just a hot minute. The streak might be over, disappointing Consumer Sentiment dragging the markets into the red today. The dow is on track to close lower which would end its 10day winning streak, the longest stretch it has had since november 15th of 1996. Well, there you go. Down 48 points. Now, the s p down slightly but still it could happen in the last, that record close. Were seven points away right now as you can
Altria Group (NYSE:MO – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday. Several other equities analysts also recently issued reports on MO. Argus upgraded shares of Altria Group to a “hold” rating in a report on Friday, May 31st. […]