Obamacare. Joining us from capitol hill with more on the secretarys testimony. We are hearing word like shes frustrated, wants to rebuild confidence. What are you seeing and hearing . She is the one i should be held responsible for all of this. Saying hhs secretary Kathleen Sebelius is expected back before this committee in december to talk about how many people have actually enrolled in obamacare. Right now the administration is not saying because they dont have the numbers. Im not asking about what they enrolled in or whether they came in and said they were 65 and work voted as Something Like 27 years old. That should be something of a reliable number. Sebelius the system isnt functioning we are not getting that reliable data. On top of this, another issue democrats and republicans were responding to today was whether or not the president s promise was true when a Health Care Law was passed that you could keep your Insurance Plan if you wanted to. Kathleen sebelius, hhs secretary, sa
Hertz cut its fullyear forecast because of weaker than expected rentals at airport. Hertz offering a handful of tesla model s cars at a california airport. I wonder how much it will cost to rent. Liz 500. David 500 bucks a day. Wow. New claims for jobless benefits fell to 305,000. The job reinforces the Federal Reserve case to taper the Stimulus Program in october. Liz Commerce Department says the Gross Domestic Product grew at annualized rate of 2. 5 in the second quarter. Pretty much the same as the previous growth estimate for that period. David shares of air chemical and products are up after the Company Announced it will plan to look for a new ceo. The chairman and ceo john mcklain will retire next year. Liz the government stepping up plans to get out of General Motors entirely. It now owns just over 7 of gm stock. The treasury plans to sell all its remaining shares by april 1st of next year. After the bell starts right now. Liz weve got breaking news on lazard Capital Markets. Ch
Bridge toll plaza. The bay bridge 880 with 1719 minute drive times. The san mateo bridge, 19 minutes, although in one minute we could see some stop and go conditions. On the golden gate it is great from the 101 through marin county, it is problemfree from highway 37 to the Golden Gate Bridge. The latest out of the east bay where there has been a 12 yearold boy right in front of a middle school. Terisa is standing by. Reporter james, a very sad morning. Let me show you at this middle. You can see the flowers and someone has written we will miss you. What a horrible, horrible situation on this tuesday morning. Basically, this is video from the vigil last night. Everybody is trying to get some reassurance from one another and giving comfort about what has happened. Basically, yesterday about 7 40 he was on his way to school and a mother was exiting the school and she struck him. He was wearing his bicycle, the c h p is investigating. Last night, the talk about what a wonderful kid he was.
Delivering whatever the world needs, when it needs it. After all, whats the point of talking if you dont have something important to say . All right 37 we tallied our results of the debate earlier and you said mike murphy made the better argument. Final trade time. Joe . I think gold is going to 15. 25. Murph. Titan. Splv, like it. Follow me on twitter. Are we going to make new highs on the dow today . I dont know. No. Halftime is over. Power lunch and the second half of the trading day starts right now. We will get you one hour closer to finding out whether the dow will close at an alltime high here on power lunch. Dow hitting a fresh fiveyear high. It is of course close, close, 75 points distance from its alltime high. So how is the smart money riding this rally . Where are they putting money . Where are they putting it and where do they go from here . We have lots of other stories here. Four smart stocks for this rally. Less than 48 hours to go until the automatic spending cuts go i
in funding by the end of the year, 10 billion euros more than than they expected at the start of the year. regional debt soaring borrowing costs, higher deficit and souring market sentiment, which could account to too much for madrid without aid. moody s cutting outlook for debt rating of eurozone s debt fund, comes after moody s lower outlook on europe, luxembourg and spain. we ll have more from london in a few minutes but now over to you. let s talk about other news. the washington post reporting that the new york fed was silent on barclays admission of libor rigging. them tim geithner reportedly didn t tell top regulators the british bank admitted to fed staffers, yep, it was manipulating the key rate. in his current role as treasury secretary, geithner is going to be testifying today before the house financial services committee. the hearing is on an annual report on the financial stability of our economy. but, of course, legislators will be eager to ask geithner ab