Those cuts amount to 4 of the Companies Workforce and is estimated to save 1. 1 billion every year. Stocks now and every 15 minutes. Nicole petallides. Nicole we are looking at a market that is to the downside. Lets take a look at citigroup. It is about 4 of the workforce. Citigroup is higher. It has had an up arrow throughout the day today. We saw the Dow Jones Industrials this week to the downside. We had two consecutive days in selling. Down arrows for the nasdaq. Down 1. 1 . Connell breaking news out of washington. Earlier, Speaker Boehner speaking about the fiscal cliff. Now it is president obama. Lets listen. We have emerged not yet where we need to be, but we certainly have made progress. The reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. I have said this to some of the small groups, let me repeat it to the large groups, i am pass
Points so really is a nice showing. 28 of the 30 dow components in the green. We heard from House Speaker john boehner. The overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say theyre trying to work it out. Smooth it over, ultimately. They know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. Europe seeing improvement helping equities along as well. Lori not sure if you mentioned the fed. We were talking about it at the top. Talking about their expectations of ben bernanke. Nicole would even throw out the idea of stimulus . That helped things along pushing us along throughout this entire last six months. Lori absolutely. Thank you so much, Nicole Petallides on the floor of the New York Stock Exchange. Protests turn violent in lansing, michigan, as Union Protesters ripped down a tent belonging to righttowork supporters. Becoming the 24th right
Not to raise taxes on middle class will be nul and void on january 1st. The president in his own words confirming that tax hike, coming irrespective of the fiscal cliff outcome. Taxes are going to go up one way or the other, the key is to make taxes go up and highend individuals, i am confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. Lou obamacare, guarantees taxes are going up. 5 new obam obamacarebased taxeo kick in next year. A 3. 8 surtax on unearned income, and call chains and dividend 18. 8 , and a new tax on hospital care, and medical device manufacturersing taxed 2. 3 of the price of their products. Americans get a Tax Deduction if their medical expenses exceed 7. 5 of their total income that number rising to 10 for everyone under the age of 65. And government, for First Time Ever sending a limit on tax free flexible spending accounts, joint committee tax, estimates those 5 new provisions amount to 2 60
Hallelujah and congratulations to all the top 25 icons and, yes, winners that weve anointed. You deserve all the accolades. Hold it, though. In the end, this is mad money, not mad awards. So on a day when the dow hit an alltime high, thank you. Closing up 45 points, s p climbed. 3 . You know what, i think its only right to use this moment to tell you which of these gentlemen and ladies i think can make you the most money with their Company Stocks while at the same time putting it all in context with the market that hit a record dow jones high. Thats why ive decided to isolate five companies. Remember, i believe you cant just bet on the horse, you have to bet on the jockey. And there are plenty of jockeys on this list and weve got to talk about them from that perspective. Its okay. Were iconic in our own right. First, number 14 on the list, Howard Schultz of starbucks. Heres a company that just reported a smashing quarter with samestore sales better than just about any retailer i follow
Temperature ne. Nearly every Single Person i knew thought ben bernanke had a bad hand coming into todays fed meeting. The s p falling 1. 2 , so what happened here . How could so many people get this guy wrong, how could people think he had jack high with all this nonsense . Ben threw in his cards when we werent looking, got a whole new hand. The man is not an idey ideologu. The facts changed so bernanke changed his mind, too. He doesnt care that hes going to get hammered for doing so by the same people who hated what hes done for the Housing Market and what hoose done for the stock market and what hes done for unemployment. As bernanke said, he never spelled out what he was going to say anyway, people just put words in his mouth. Think about what what happened when he said they might have to cut the bond market. D did you notice the home builder stocks were all crushed . I think when bernanke indicated it might be time to stop biography bond he didnt recognize central bonds from all ov