Low. And what influential senator calls for radical change at the white house. First up though, wall street hoping for a rebound after the second worst day of the year were risk about set backs for the white house. Now year to date figures where gold is above the dow and the s p for the year to date. Not so for the nasdaq. They were a global cross asset phenomenon from wall street yesterday the japanese yen strengthened. The nikkei closed lower trickling over into the european action as well these factors and then add to it that its all which is tra ti traditionally a weak month for stocks it had this incredible run in the market all the way up to record highs and if you look at the flows already theres a risk off sentiment developing 1. 3 billion of outflows from equities last week 3. 5 billion into bond funds. So you already had this percolating. Really felt that this chief executive exodus was the tipping point. As i read one strategist this morning the market had been giving the pr
Who voted in the race, it has come down to just a handful of people who might make all the difference in this tight race. Tonight, andy biggs is claiming victory. Joness Campaign Says the matter is far from settled. When the votes separating candidates is fewer than 200, state law requires an automatic recount. Back for cigarettes and beer, thats what happened to a circle k employee in the valley. Jamie sirota tells us what you can do to help catch the cooks. Reporter these pictures are grainy, these are the leads that we have. Phoenix police say the suspects barged into a circle k at 25th avenue and glendale early thursday morning. Behind the counter and bashed the clerk on the head with a pistol. They stashed a bag with beer and cigarettes. The guy on the left, a black man in his 20s wearing a gray hoodie and blue bandanna had the pistol. On the right is a black man in his 20s wearing a black bandanna with white sunglasses. He is the one with the spongebob backpack. They were wearing
We will get to all that later, but first to the top story, federal program created to rescue struggling homeowners is failing at an alarming rate. According to the new government watchdog report the Home Affordable Modification Program is seeing half of the modified mortgages redefaulting. With more on this, im not sure why anybody is surprised by th this. If you were defaulting the first time, the odds are good because of the economy, he did not fix up stuff to get it right. For most of these families the number one problem is the job loss. They are not structured to deal with that, they did things like lower the Interest Rates and given the level of Interest Rates in the economy, they were going down anyhow. It is interesting the first Inspector General for tarp, said something thats tim geithner told him these programs were meant to be foam on the runway for the banks. That has been the attitude. It is meant to help them work through more than the homeowners. Tracy the banks are doi
We will get to all that later, but first to the top story, federal program created to rescue struggling homeowners i failing at an alarming rate. According to the new government watchdog report the Home Affordable Modification Program is s seeing half of the modified mortgages redefaulting. With more on this, im not sure why anyby is surprised by this this. If you were defaulting the first time, the odds are good because of the economy, he did not x up stuff to get it right. For most of these famils the number one problem is the job loss. They are not structured to deal with that, they did things le lower the Interest Rates and given the level of Interest Rates in the economy, they were going down anyhow. It is interesting the first Inspector General for tarp, said something thats tim geithner told him these programs were meant to be foam on the ruay for the bas. That has been the attitude. It is meant to help them work through more than the homeowners. Tracy the banks are doing dandy,