Four, the nasdaq squeezing out a gain, and people keeping the close eye on washington in particular, the debt ceiling, Government Shutdown and the like continues to pressure wall street and putting an economic numbers like personal spending and income which are in line, Consumer Sentiment is something we kept an eye on. It is doing well today, hit a new alltime high. And better than expected numbers, basketball, deer in particular, running gear, stock is 5 . Tracy the dow is not as bad as it could be. Adam see you in 15 minutes. Fannie and freddie and the federal Housing Administration, billion dollar bailout from the u. S. Treasury. The bailout, the first in the at h as 79 year history due to lost revenue because of higher Interest Rates, billion dollar figure is double what the Obama Administration expected it would need in april. Senior Administration Officials say they expect fhas finances to improve in the coming months. Tracy fords ceo alan malawi vaulting to the top of the list
And now to the shutdown. Looks more likely. Investigators anxious ahead of the monday night deadline. Stocks will open lower. How is this for a truly golden parachute. 55 million bucks will go to the outgoing blackberry chief. Hes been there less than two years. The friday edition of Varney Company is about to begin. [ male announcer ] now, taking care of things at home is just a tap away. Introducing at t digital life. Personalized Home Security and automation. [ lock clicks ]. That lets you be cloto home. Thats so cool. [ male announcer ] get 100 in instant savings when you order digital life smart security. Limited availability in select markets. President obama not concerned about the effects that obama care will have on jobs. Listen to what he said yesterday. They said this would be a disaster in terms of jobs. Theres no widespread evidence that says the Affordable Care act is hurting jobs. Stuart oh, Liz Macdonald is here with the evidence that the president should have been read
Losses in about a month. Lets catch up with Mary Thompson and tell us about the tough week thats finally over. Finally over with a broad based decline. The dow and s p with low and nasdaq managing to post a slight gain for the week. Lets take a look at components that contributed to the declines and gains. Within the dow industrials Goldman Sachs was worst performer for the week. Its a new member of the dow but there was a downgrade by gugenheim and in general financials have been under pressure about concerns about a weak quarter this quarter for their fixed income areas. That put pressure on goldman as well as the rest of the large cap banks this week. Jcpenney was the weakest performer in the s p 500. Coming out yesterday with another Equity Offering that will severely dilute outstanding shares. The stock down about 30 for the week. On the plus, nasdaq, industrial materials, thats good news. Lets take a look at sectors that were weaker today in the otherwise down week. Consumer stap
It has been decades since diplomates at the high test level from the u. S. And e tran met facetoface and it happened today. Secretary of state john kerrys discussion with his iranian counterparts focused on possible Nuclear Talks between iran and other world powers. John joins us live from the u. N. How much progress have they made . Reporter a truly historic day on the eastside of manhattan and the big picture story thats thought to be teheran and that meeting the first one for a very long time between anybody in a position in the u. S. Administration and the counterpart from the Iranian Administration and it happened today in a meeting of the pa 1. Germany has strong trading ties we iran. The meeting must have gone well because they agreed to meet again. They agreed to meet in geneva. Pep tran is to bring fresh proposals for the table. They are already outlineed by the p5 th p5 1. John kerry came to microphone to talk about how they thought the meeting had done. Needles to say, one m
Its not the last Hall of Fame that Drew Brees will be named to. He will be honored for what he's done for Louisiana as much as what he's done on the field.