Stronger. On the other hand we have a continent of 742 Million People thats sick and getting sicker. This combination of an improving United States and a faltering europe has become a huge reason why our stock market has become a terrific place to invest. Even as we stumble today the dow falling nine points, s p back sliding, and nasdaq declining 0. 22 . Its always mystifying to people how the two regions can interrelate. And for most of my career, they really were quite separate but thats because europe wasnt taking en masse until the creation of the euro and that didnt have a real impact on our economy until we started to faller after so many of our companies decided that europe with the huge and growing population entwined in a single currency was just too juicy a place to invest. But not anymore. Its becoming a disaster as the continents economies dry up and germany insists on maintaining a balanced budget even as the opposite strategy is needed to spur growth. Consider germanys le
Virginia democrat mark warner. Aym an jabbers reported last week milliseconds ahead of other trades based on the feds surprise announcement that it was not tapering. 800 million worth of futures contracts traded in the first seven milliseconds after 2 00 p. M. Eastern time. You saw some massive moves there because this was something the market had not anticipated. Ayman will join us with more later this morning. And the s. E. C. Are in early state settlement talks. Kate kelly is reporting lawyers for the two sides met last week. The group met at the prosecutors suggestion, signaling that embattled sac could resolve the dojs investigation and continue operating as an independent hedge fund. Andrew, ill send it over to you. Thank you, becky. I want to talk more about that story in a little bit, if we can. In corporate news, jp morgan is trying to stop a wave of litigation from the government. Those include their own securities as well as those that they purchased as part of the acquisiti
Hello and welcome to news room international. We are going to take you around the world in 60 minutes. Here is some of what we are working on. Those relentless fires continue to burn across huge areas of southeastern australia. Lance armstrong at the center of controversy again this after reports that he tried to give 250,000 to an antidoping agency. First president obama making another cabinet pick. The president will nominate white house chief of staff jack lew to replace Timothy Geithner as treasury secretary. Tell us about jack lew. Jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. In fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. This is also someone who has worked in a couple of administrations as the budget chief in this administration and the Clinton Administration and help
York stock exchange. Rally mode once again for stock prices. Yes, better late than never. Im bill griffeth. The dow needs to be up. Were well above the high today. Thats mine. Oh, i just blasted your ear. Can i have this back . Were doing this it was the big mac that got me. Up 116 points on the dow industrial average right now. Well into regular territory. Interestingly, the nasdaq is lower, some highprofile Technology Stocks are trading down, some think maybe some people are raising some money to get ready for Something Else to invest in. Big deal tomorrow. Well get the pricing tonight on twitter. It could happen as soon as an hour from right now. Twitter pricing the ipo breaking earlier on cnbc was the range is said to be moving higher from 25 to 27 a share but you never know, these things. It could go higher than that or lower, bill. Cnbc is going to have the news first with the best coverage and analysis. You dont want to switch the channel today as we await the twitter pricing. A
The major sticking points remain the same, Congressional Democrats want to raise taxes on the highest income earners while keeping the current lower tax rates in place for the middle class. Republicans want to extend tax breaks at all levels. Good morning and welcome to washington journal. We are going to be talking about the fiscal cliff, the statements the House Speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. Here are the numbers. You can also reach out to us by email and twitter and facebook, all of the social media as. On twitter the addresses cspanwj, facebook. Com cspan. More from the article by jake sherman with the headline fiscal cliff. He writes lets go to the phones. The first call comes from debbie in flint, mich. On the line for democrats. Caller i think they need to pass a law that these guys did not get paid. If i go to work and did not do my job, they will not pay me. They have not done their jobs in the