Imus in the morning. Stuart congress di congress din spending a ton of money running up the debt. Good morning, everyone. 60 billion worth of storm relief spending has sailed through. The president will sign it as soon as it hit the desk. The spending is not offset by cuts, therefore it adds to the death. Worse yet, storm relief wipes out a big chunk of the extra revenue from taxing the rich. That should bring in 80 billion cut was supposed to reduce the deficit, it will not. Much of it goes right out the door all over again. We can all debate the wisdom and necessity of massive emergency spending for just charging it to the National Credit card shows we are not really serious about controlling our death. 16. 5 trillion now, 17 trillion by the falcons would have doubled in the eight years in office. Lieve your Financial Advisor should focus on your longterm goals, not their shortterm agenda. [ male announcer ] join the nearly 7 million investors who think like you do. Face time and thi
And this bird youll never change oh, and this bird youll never change imus in the morning no negotiation, no compromise, no spending cuts, and the debt mess is all the republicans fault. The president , yeah, hes still campaigning. Good morning, everyone, it was an aggressive president obama, he wants a blank check tomorrow and if he doesnt get it america could default, he says. It was a provocative and misleading statement. On the gun issue, the president will go around congress, 19 measures, push through with executive orders to be announced as early as tomorrow. Lance armstrong admits he lied, now he will testify or rat on his colleagues. Forgiveness . After all that . And facebook reveals the mysteries moves eight hours from now, it had better be good. Varney company is about to begin. [ male announcer ] where do you turn for legal matters . Maybe you want to incorporate a business. Orrotect your family with a will or living trust. And youd like the help of an attorney. At legalzoo
Melissa i am melissa francis. The commodities are just getting crushed. Oil and gold are down. We have you covered with live reports from the new york stock exccange and the cme, as well. Lori those of you betting that the house will state the industry from steep spending cuts, well, you may be in for a rude awakening. Melissa Robert Dilenschneider on what he calls one of the worst nightmares any corporation could have. Melissa more bang for your buck. How you can cash in. Lets get you checked in on the stock market. Lets head back to the floor of the new york Stock Exchange. Nicole petallides. Nicole we are seeing the dow, nasdaq and s p all to the downside. We are going to try and hit her that unchanged line. Trying to get an up arrow rather than a down arrow. All three of the major averages, none of them are down or then one third of 1 . The major averages are not budging at the moment. Lets just talk about a couple of things. The mix, the fear index, is to the downside. The lowest