House Speaker John Boehner will give his response in just 30 minutes. Well carry that live. David titfortat. International Monetary Fund saying today that a failure to increase the Borrowing Limit and a selective u. S. Default could seriously damage the global economy. Liz in a fox business exclusive, Philadelphia Fed president Charles Plosser telling fox business the fiscal battles in washington are a real risk to the economy but he also tells peter barnes there is not much the fed can do to address shortterm events. David very good interview. Win for apple in the latest battle for the global patent wars. U. S. Trade Representatives Office upheld a ban on importation of older samsung products. Liz at t ceo, Randall Stevenson says he sees what he calls a huge opportunity in europe. He is looking for ways to expand at ts business in that region. David google is making a new push to sell laptops that sell the chrome operating system. This is partnership with hewlettpackard. The chrome bo
The month. We go to the stock chart, quite a run over the past year. Shares are moving lower as we mentioned by 14 or 11 to 64 and change. Football fans and cvs stockholders listen up, the National Football league and cvs hoping to print cash with an agreement to produce and televised thursday night football for the 2014 season. It will air a eight release season games that will also be simulcast on the nfl network. It is not clear what is going on, theyywant shares of cvs. And up 0. 52. That is an interesting move. We need to talk about in data, data in advance of fridays jobs report. The precursor to that, the adb report that private employers added 170,000 jobs. And 80,000 jobs for that number. What was blamed for the lower number, take a look outside, cold and wintery weather on the east coast and the south and we keep hearing the phrase pullback and that is cold and wintery for the stock market. What does that mean . Markets lose 5 from recent highs. What we wanted to do because w
That details count. And i think prepared remarks from secretary lew on that topic would probably be more appropriate. But as i indicated before, we plan for every contingency. So, obviously, you know, worst Case Scenario there are things that we will try to do. But i will repeat, i dont think any option is good. Mr. President . Steven dennis. Mr. President , wondering if you could talk a little bit about budget process. In the past youve negotiated along with the debt ceiling with the blue dog, for instance, in 20092010 along with the debt ceiling increase then a pay as you go reform. You named the fiscal commission. The republicans today are talking about lets have maybe another [inaudible] maybe that would work out our differences over the next few weeks. Is that something that you could talk about on the side, something that wouldnt necessarily be a concession, but something that would be a format for getting a deal done . Yeah, i heres the thing, steven, i know that Speaker Boehner
Manufacturing coming up. A lot of earnings. Janet yellen is expected to testify before the Banking Committee today. She gets a snow day every once in a while. Lets get a data check. Futures were up, now they are down. Go right on to the next screen. These are the currency markets. Yen abruptly moved on the crimean is. Crimea news. Ukraine currency is out of control. Shows anruble so injection as well. I am watching the japanese yen. Strongerews flow, a yen. That is the place to go. Buy it and sell everything else. We are still not below the 101 level. I would say, right now, it is the rate of change. The direction and the speed in which were moving. The russian flag above parliament south of kiev in crimea, that is something i will say in the last two or three hours. Here is scarlet fu with our front page. Across thestory internet is violence in the ukraine shifting to crimea. Gunmen took over parliament and other government buildings overnight, they raised the russian flag. About 120
Rose to a record high in january. Shifting over to japan, Industrial Production grew the most since 2011 indicating the economy is strengthening. Jumble. Of data but a all thisrning we got data. Starting at 8 30 a. M. , gdp. At gdp so look we get in theory they refined any little bit. Also, personal consumption consumption. 9 45 a. M. , chicago or kissing managers index. Michiganversity of converts number and pending home sales at 10 00. And we may be getting the letter from mr. Buffett as well. Last years letter was strong and smart from the buffet we wew years ago buffett knew years ago. Check. Ave a warning data stocks, bonds, currencies, commodities. I am going to call it off but i am going to say the markets are calm her given what we saw in the ukraine yesterday. 2. 6710year and the euro. S stronger, up near 1. 38 you can really see the geopolitics coming in. A stronger102 yen. The ruble is stable. That speaks volumes. The backstory away from the ukraine is the managed weakness o