C. P. R. On carol glover who died that day. He says he was on the train an hour before being evacuated. It was way too long for the people on our car to get the help that they needed. So you know an hour cant survive in an hour if youre really in trouble. Today, the mayor said an initial report on the incident will be released in the next 48 hours. From our point of view we have to make sure that the Response Time for our department responded in every every fast and safe way possible. Fire Service Consultant dave statter questions the timing of many aspects of the response. Certainly if youre on that train, its an eternity. But the firefighters do have to make sure theyre safe. In the end carol glover was taken to the hospital at 4 25 p. M. More than an hour after eyewitnesses reported first seeing smoke. As for that report that it was released within 48 hours, it will also include hours of radio traffic information as well as interviews from first responders. As for metro, we called t
Nasdaq down by about 20. Lets get to the other story of the morning. Charter communications buying Time Warner Cable for 195 in share in cash and stock. That deal is about 55 billion. They rejected charter last year instead going for the comcast transaction. Todays news comes after months of speculation and after contrast dropped its 45. 2 billion merger agreement over antitrust concerns. That transaction was blocked but time warner looking like theyll get the better deal in all of this. We all looked at the comcast deal and said are you crazy youre going to get nothing when this is all over. 2 billion break up fee. But more than that you get a much higher price and a much greater likelihood that this deal will go through although rich greenfield had a very interesting comment this morning, i dont know if you saw it which suggested that while everybody thinks this will go through if people know im going to get it to airlines joe so watch out, if the government was wary they allowed the
From our studios in new york city, this is charlie rose. Tim geithner is here. He was treasury secretary untilent obama from 2009 january 20 13. He became the longestserving economic advisor. He was a Constant Force through the financial crisis. As president of the new york fed, he helped rescue bear stearns. Theas at the bottom of response to the fall of lehman brothers. He writes about that experience and much more in this book. It is called stress test reflections on financial crisis. I am very pleased to have tim geithner back on this program. You see it differently, what you went through, because you have had the benefit of time . I do not think there is enough distance for me to see it dramatically differently. I would like to claim i had more distance. I wrote this very quickly. The crisis really peaked about four years ago. I was still very close to those decisions. Back although obviously, i made some mistakes, we got some things wrong i feel very good about the coordination t
Drag draghis press conference begins. Stocks set to open in the green this morning after jobless claims fell by 15,000 ahead of tomorrows big job number. Plus, macys says it will layoff 2,500 workers and close 5 stores in a move that could save the company up to 100 million a year. Shares are up this morning on that news. While macys in the green, its been a rough morning for some of the other retail names, Family Dollar, Bed Bath Beyond expected to open well to the downside after Third Quarter earnings miss. While tmobile is still only the fourth largest carrier in the u. S. , its ceo making a splash at this years consumer electronic show and well tell you what he had to say about tmobiles Fourth Quarter and an incident at a party for at t. A lot for wall street to digest with new labor on the data front setting the stage for tomorrows big job numbers. Jobless claims by 15,000 to a seasonally adjusted 330,000. And the bank of england and the European Central Bank Standing pat on key I
Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Charlie tim geithner is here. He was treasury secretary for president obama from 2009 till january 2013. He became the president s longestserving economic adviser. He was also a Constant Force throughout the financial crisis. In 2007 as president of the new york fed, he orchestrated controversial bear stearns, following year the governments response to the fall of Lehman Brothers leaving the economy teetering on the brink. He writes about that experience and much more in this book called stress test reflec