joins us. airlines watching these storms, 3,700 airlines, may have jumped to 3,900 airplane canceled so we re going to see what happens there. right now, though, stocks have not moved. traditionally, though, depending on where the weather we re early in the year. if, for example, this happened and we had a number of storms that would impact things in a much bigger way. the other big news worth noting this morning is actually we just learned that imports of oil down to their lowest levels in ten years, and that s a stre good sign because it means we re doing a lot more on our own. and the last piece, people will be focused on apple still, on the front pages, a big push by the activist to get some of that cash but $137 billion cash pile they have back in the hands of investors. back to you. andrew, thank you. there s no escaping the weather story. never. never, never. next, king of the hill.
44 past the hour. look at the pretty shot of the white house. it is friday morning. time for the must-read opinion pages. josh green in bloomberg business week, who s with us now from washington writes this how democrats will contend with the gop s cash pile can i ask you a question before we go to the full screen. fine. i ve read josh s story. josh, exactly tell me how this cover goes along with your story because i don t get it. i get the tough assignments. a cover story on the porn industry and here i am writing about republicans and democrats. you know i drew the short straw in the editorial meeting this week. interesting. just for the friends at home, republicans here, democrats here. go ahead. we just had to break it down for you. the 2012 election will measure a lot of things, but one of the most important is whether we ve reached a point in
miami won 121-106. only reason to stay watching the great announcer mike breen listen to him all day. lebron a unanimous choice for mvp like i m getting to the who cares point of this thing. oh, man. do we have a sound bite here? all right. let s skip the whole thing. red sox won. red sox won. will middlebrooks two-run homer bottom of the eighth. let s hear it for the red sox. boo! we re going to come back and look into josh green s new column in bloomberg business week and how the democrats will contend with the gop cash pile. we ll be right back. how are things on the west coast?
laguardia. a lot of business guys work under the belief, all right give me your worst case strategy. if the worst case strategy is all those rates go up, regulations remain in effect and we re going to see the healthcare law, even if it s stymied back by the supreme court there is still enough of it left over that the burdens are going to be extreme for business, so why in an environment like that would you certainly hire more people? that s why, jenna you see a lot of these companies just sort of buying back their stock and that s about as much as they are going to do with that dough. what had been a $1.8 trillion corporate cash pile is now north of $2 trillion. they are hoarding cash, like what you and i would do in an emergency, keeping it tight, not spending the frivolously. jenna: thank for joining us early.
president obama is right on this. he gave some. certainly the republicans gave some. but we re going to do something that i believe will spur the economy and create jobs. and that should be all of our goals. greta: that certainly should be. let me ask you this. the proposal is for two years then revisited during election cycle which is not going to be pretty, that s going to be ugly. many businesses make their decisions far beyond two years. while two years is not a guarantee they have no idea what you are going to do in the third or fourth year. today wall street journal says corporate america s cash pile has hit its highest level in 50 years. which means they are not investing now they hear they only have a two year window if passed, they are not going to be incleaned make long term investments which is what creates jobs for people here america, so now what? that is one of the things republicans gave up.