Youll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. Leaders of both parties think it would be to their advantage to go off the fiscal cliff. What a 12 straight that is, that we could win more as democrats if we let it go or we can win more as republicans. This whole game isnt about america, its about you who do we make the demss lose and how do we make the republicans lose. People are sick of that and ashamed of it. Well try to rise above all of this today. Our guest hosts will be doing the same. But before we get to all of that, andrew has shall other top headlines. We have some very Important News and serious news. Fighting escalating sharply overnight. Dozens of missiles seen exploding in gaza. Authorities in india have investigating claims a that walmart violated exchange rules. Direct ownership by foreign firms was prohibited. Walmart has denied any wrong doing. And the news comes a day after walmart reported disappo
Pimco woes. The death toll from turkeys mine explosion rises to 205. The countrys Energy Minister warns it could be the countrys worst incident of its kind. Youre watching worldwide exchange, bringing you Business News from around the globe. Good morning to cnbcs worldwide exchange, tragic news out of turkey this morning. Well be getting the latest update on that. Meanwhile, plenty of other Corporate News were following this morning. Lets kick off with sony. Its recorded its sixth annual loss in seven years. The company says it must bite the bullet on restructuring as it tries to turn around its failing electronics division. Shares this morning in frankfurt are lower. Weve seen losses of around 2 , 3 . Joining us with his thoughts is managing director and head ofation research at pellham smithers. What is sonys fundamental problem. Theyre still making hardware electronics. Until they can work out a way of creating an environment in which that is profitable, theyre in trouble. Others ar
Police officers all for illegally riding a bicycle now hes accusing police of using excessive for us. Well tell you this story later shell. In november nineteen ninety and washington d c i carried a bit and you are watching our team the negotiators from all countries were taking part in a Trans Pacific Partnership Began meeting today in Salt Lake City utah. Refresh your memory the chance the Civil Partnership or tp peak is a new trade deal being negotiated. That would open up markets between nations along the pacific and ran now its also one free deal that has by and large remained a secret from the however the massive pack is expected to affect jobs the environment. Consumer safety and a whole lot more and max were beginning to learn details about how much is really in jeopardy. Lastly Transparency Organization baking weeks released a draft of the intellectual property chapter of the ttp that reveals new proposals for copyright and patent rights that would boost Big Pharma Company is
Aspect of your financial life. And sometimes that means we need to take a deep breath, step back from the daytoday nittygritty of the market, and focus on the educational side of things. What i call investing 101. Honestly, if any university was ever crazy enough to give me tenure, i could teach an entire semesters worth of classes on just the basics. But that presupposes any institution of Higher Education here in america would even be interested in teaching you how to manage your money. Most schools are much more interested in taking your money than helping you make money search thats why you can get a bachelors degree in economics without knowing how to balance a checkbo checkbook. Thats not going to change, but we can do our best here at mad money to help. So, investing 101. Whats the first item on my syllabus in this class . We need to talk about savings, because if you dont save your money, youre going to spend the rest of your life as a slave to your paycheck. [ buzzer ] or host
Inside out, we are here one of the first things the biden team wants to do is figure out how the Trump Administration did change government agencies, they want to gain a full accounting of the president s efforts to drain the swamp. Donald trump can boast of overseeing medical breakthroughs one after another on the Coronavirus Vaccine and treatment, great news for everyone, we will take you to the beginning of operation warp speed and find out the twists and turns of what many call a heroic effort without precedent to save the world from covid19 pandemic. We begin with White House Correspondent kevin cork on breaking news on potential transition. Reporter news that the gsa is authorized work with the biden team cost a political earthquake in washington but as the tremors began to subside exactly what that meant came into sharper focus. It was his first ten 18 hours when it landed it undeniably rocked washington, donald trump acknowledging for the First Time Since the election a likely