Easily top forecasts. Chinese factories continue to fall back shedding jobs at the fastest pace in more than four years. Hsbc leads to more calls for fresh stimulus support. And hedge fund under fire. Reports say u. S. Prosecutors are set to file criminal charges against sac capital over alleged Insider Trading as soon as this week. Good morning, thank you for joining us. We have some information just crossing the latest picture on the eurozone. Lets just dive into the eurozone composite pmi, growth for the First Time Since january 2012. In terms of some of the numbers that have just hit, the composite pmi showing us there is expansion in business activity. The flash pmi estimate was at 50. 4. The read for the markets was expected to be in the order of about 49. 3. These are the estimates on the flash number for july. This compares to what we had in june when the number came in at 48. 7. We got to 50 on this key number, which is interesting. We havent seen that for quite a while yet. L
A baby cries to the sound of his mothers voice. 10795. The cardinals flight from st. Louis was delayed seven hours. And all that matters. Bob schieffer received the 2013 Walter Cronkite award. Journalism is not about scratching the surface. It is about going beneath the surface and finding the truth. On cbs this morning. Krispy kreme will give you a free pumpkin cheesecake doughnut if you dress up in a costume. If you take the time to dress up just to get a free doughnut, then, yes r. Youve hit rock bottom. West coast to cbs this morning. Good morning to you. Good morning to you, charlie. We begin today with the troubled website. Cbs confirms that there was a memo sent warning that the site had not been sufficiently tested. Now, the lack of testing is one of the many issues expected to come up this morning when health and Human Services secretary Kathleen Sebelius testifies at a House Committee hearing. Nancy cordes is on capitol hill. Good morning to you. Good morning. She was asked t
Citi just initi initiated cover apple. Just now . They didnt have coverage before . Maybe the previous analyst they had a new analyst. Yes, he likes it. Anyway, s p is down almost five points, off its lows at 1404. Fears of the fiscal cliff taking center stage once again, driving stocks lower after last weeks 3 surge. That big gain friday, 172 points. We lost a third of that right now. How can you protect your for portfolio . We have chief washington correspondent john harwood, bill from coors state Capital Advisers who has a review of the new lincoln movie, lee munson and senior economics reporter steve liesman, plus mary thompson. Were going to be here for a while. John, lets start with you. Any signs of progress on the hill . Reporter nothing tangible. We saw it at the initial meeting between the president and congressional leaders. We saw it over the weekend when some republicans again repeated their openness to being willing to raise taxes, which is something that is violated repu
Administration are in thecross hairs. Here the president earlier day making it clear how he feels about anyone who is not on board with his tax and spend plan to grow our economy. Repeing obamacare and slashing budgets in education and research and infrastructure, thats not an economic plan. Theres no economist who says, well, thats the way to help middle class families. Were going to grow doing that. Shutting down the government just becuse im for keeping it open, thats not an economic plan. Threatening that you wont pay the bills in this country when weve racked up the bills, thats not an economic plan. You kno, thats being a deadbt. Louthe president is, in fact, talking longingly of a middle class he seems to have done his absolute best at times to beat down. Hes raised taxes on the middle class, said he wouldnt, presided over the diminishment, talks a lotbut the primary result has been greater dependency on government. He has shoved obamacare down the nations throat, a law that 533
Administration are in the cross hairs. Here the president earlier today making it clear how he feels about anyone who is not on board with his tax and spend plan to grow our economy. Repealing obamacare and slashing budgets in education and research and infrastructure, thats not an economic plan. Theres no economist who says, well, thats the way to help middle class families. Were going to grow doing that. Shutting do the government just because im for keeping it open, thats not an economic plan. Threatening that you wont pay the bills in this country when weve racked up the bills, thats not an economic plan. You know, thats being a deadbeat. Lou the president is, in fact, talking longingly of a middle class he seems to have done his absolute best at times to beat down. Hes raised taxes on the middle class, said he wouldnt, presided over the diminishment, talks a lot, but the primary result has been greater dependency on government. He has shoved obamacare down the nations throat, a la