1. 3 americans 1. 3 million americans will have their only steady income disappear completely. The emergency Unemployment Benefits and tomorrow. The date for the emergency Unemployment Compensation program. This is the program that has been lit renewed and renewed since 2008. It is trying to cushion the impact of the recession. This was extended Unemployment Benefits normally provided by the states. This has been renewed 11 times since then. It allows up to 73 weeks of benefit. Is not just 1. 3 million americans losing these benefits immediately. We are talking about over the course of next year, more out of work workers will fall out of the program. On budget and policy priorities estimates nearly 5 Million People will eventually lose out if it is not renewed. Will increaseber by 73,000 people on average every week that we continue to block extension. And is both a moral outrage another congressionally conflicted blow to our economy and its unprecedented whenever unemployment levels h
Today were having the tenth anniversary meeting we had much work to do during these ten years. This works or as the basis for the Customs Union. We are proceeding to the next level of integration u of i was coming. Most importantly businessman a very happy. I think that the Customs Union. He asked in the future of the Economic Union will open up even more opportunities for cooperation or they were the house was built. Lets say you are the launch of a Customs Union we have significantly improved trade performance at the same time i want to know that the trade flows from cars extend to russia increased much faster than are close to an extent. Was it if some. The exhibition presented products Fifty Companies from fourteen regions of russia in ten regions of kazakhstan the preferred developer trading has extended your own which we are doing right now russia and kazakhstan host a tense Border Cooperation Forum cooperation and transport logistics in industry or the main issues on the form ag
We continue to move to the down side. We should add as we enter this hour, were off about 41 points. The nasdaq, though, bucking that trend. We should show you the tenyear yield as well. Thats been up ten basis points today. That gdp number had a big impact on that. Its up nine basis points to 2. 55 , and the 30years 3. 2 right now, so moving quite higher. But im stealing oh, now its at 3. 30 , as a matter of fact, 3. 31, do i hear 3. 32 . Im stealing Rick Santellis. Troubling reports out of russia and ecrane, things that may be escalating. Stocks may have lost early gains on those worries. Well talk about all that coming up. Also, forget tax inversions. Now outversions are the new Corporate Tax trick. Oh, thats right, yeah. Youve got to look up on cnbc. Com. You wrote about that on cnbc. Com in a story thats getting a lot of interest right now. It involves companies spinning off their Real Estate Holdings into Real Estate Investment trusts, all, of course, blessed by the irs. Some sto
Getting reports on home sales. Andrew, good morning. All the way down at the stock exchange. Facebook shares getting a boost hitting record highs. The social times beating the street. The company says it saw an increase for both advertiseres and users during the Second Quarter. Well have more from analyst dean munser. Second Quarter Results fell a bit short. Cheaper Service Plans offered to customers without subsidized cell phone cut into margins. Were going to talk to an at t analyst in the next half an hour about that. There could be a bit of good news in there, too. Qualcomm Beat Estimates on the top and bottom line. The Current Quarter profit forecast came in below estimates. In unrelated news on the company, a Chinese State run newspaper reports china appss antitrust regulators report qualcomm has a monopoly. Also, gilliad, take a look at this, posting betterthanexpected earnings in revenue after the close. The company says its new hepatitis c drug has sales of 3. 5 billion in the
Your responsibilities, you can get ahead, no matter where you come from, no matter what you look like or who you love. Obama made the address before a joint session of congress. He said his First Priority is making the country a magnet for new jobs in manufacturing. He said some of those jobs could come through investment and clean energy. He said the extreme weather americans have seen should remind them they need to do more to combat climate change. Obama said america will remain the anchor of strong alliances around the world, as he outlined threats from abroad. He criticized north korean leaders a day after they carried out another nuclear test. Provocations of the sort we saw last night will only further isolate them as we stand by our allies, strengthen our own Missile Defense and lead the world in taking firm action in response to these threats. Obama said americans face another threat at home. He ran through a list of mass shootings. He said the attack in december at an Element