Is past 6 00 here in london this tuesday morning. We are ready to deliver the stories that will drive your day. Start your engines. We are covering the big reveals from the Detroit Auto Show. Caroline is in paris. Covering the head of the uks retailer. We will be told what is dragging down asian stocks. We are looking ahead to j point jp morgan earnings. It is a cold crime. We have the details on a brewery cartel that is forced five german deals beer makers to pay heavy fines. Later on the program, the pulse will be joined by former italian Prime Minister mario monti. The Auto Industry closes out one of its best years on record, in motor are gathering city to peek at the latest models peckish yet fast i could have a huge affect on the industry. Brian has more on the Detroit Auto Show and its big reveals. He will stick around for another few years. We got the announcement from the chairman of feiat. Chrysler is expected to close within the week. He might step down. After soe are really
On wall street. Yesterday we heard from j. P. Morgan and wells fargo. Brian moynihan is reporting a great Fourth Quarter. Scarlet fu has more in the newsroom. Break it down for us. Quarterly profit at bankamerica could quadruple in the Fourth Quarter thanks to approving credit trends. Relatively strong sales and trading numbers and a favorable tax rate as well. Earnings per share in the Fourth Quarter up . 29 compared to the consensus of . 27. Revenue coming in higher than anticipated, 21. 7 billion. Over the past month, eight analysts ratcheted it down. The bar was lowered. Pretax litigation expense. It is a noisy quarter because of these onetime items. A 2. 1 3 billion charge there. One investor who was on surveillance said he is not exactly sold on bankamerica yet, even though it is leveraging the bank economy. Because of the legacy issues that remain. Jpmorgan at ahead in terms of resolving the sales of defective mortgages leading up to the housing crisis. Rising Interest Rates hel
170 countries and counting. We are kicking it off with what everybody is talking about. The twist in the search for the Malaysian Airlines flight 370. One of two passengers who traveled on stolen passports was from iran. They say the man had no links to terror groups and was trying to emigrate to germany. That is right. And purple and malaysia Authorities Say the other passenger with a stolen passport was also iranian. They said the two were probably not linked to terror groups. The fact that they had been traveling with stolen passports led to speculation that the disappearance was linked to terrorism. Investigators still dont know what happened to the plane. It is going to take time but this will be found. There is a large search area. It takes time to cover it. There is two bonds of activity. One is the search. The other is looking at everything behind the scenes of this flight. They are looking at any data that might be available. These aircraft typically sell back send back engine
In washington, there are signs of a possible compromise in the president s plan to strike syria. The president just wrapped up a meeting with two key republicans senators, john mccain and lindsey graham. Both wanted a broader plan on syria and say they walked out encouraged, but there is still a long way to go. We are in washington. Paul, what more did those senators, mccain and graham, have to say . Tony, as you say, senator mccain repeatedly said four times during his remarks that a rejection of an attack on syria by congress would be catastrophic. Its a calendar both senators two years have been calling for more aggressive action. Both characterized their conversation with the president as positive, but as you said, both said they still have questions in that there is a long way to go. There seems to be emerging from this administration a fret solid lon to get the regional players more involved. Saudi arabia, turkey, jordan, a lot of the arab states have been helping quietly, now is
Efforts there. Its going to be tough for her to win that race. The reason that wendy davis is thought to have a better chance than any other democrat in texas is in part because of her national profile. And Wendy Davis National profile was built, largely, on this. These are her awesome pinkish mizuno sneakers, which apparently started selling very, very well in Online Retail sales after wendy davis wore them for 13 hours, while she held court and filibustered in the texas state legislature. The rules in texas for this kind of thing are really strict. Not only can you not sit down and not stop talking, you cant lean on anything. You cant touch your desk which youre standing right next to. Nobody else can touch you. You cannot have anything to eat. You cannot have anything to drink, meaning you cant have a sip of water. But still, senator wendy davis stood there for 13 hours and in so doing, she won. What she did worked. And she wasnt just standing there talking for 13 straight hours, be