Will keep enough seats so he can speed up his policies. The third arrow to come. A promising site from germany. For the first time in 11 months, german Investor Confidence has risen. Meanwhile, the European Central bank is preparing more steps to boost the euro area economy. Heres the president of you cb, mario draghi. It is necessary to further a prolonged. Of inflation. In itsncil is unanimous commitment to using unconventional instruments within its mandate. The Senate Banking Committee Want president obama to change the culture at the Federal Reserve. They say the president can start with the fed board of governors. Todays wall street journal, two senators say the president should fill vacancies on the board with people who look out for main street, not wall street. They say the new governors should be committed to taking on the new banks. Hydrogen fuelcell cell car has been unveiled. It goes on sale next year. Them arew hundred of planned to be sold next week. The worlds bestselli
Our Steve Leisman sat down with him live in jackson hole, wyoming. Stay tuned for this important interview. Was it a well deserved 17 billion fine . Or was it extortion . A former bank ceo says bank of america was extorted by the u. S. Government to the tune of 17 billion. Paying for the sins of Merrill Lynch and countrywide during the housing crisis. Even though it bought those firms to help stave off the economic catastrophe for the u. S. Were going to debate that state with our own friend, larry kudlow, among many others. Pretty impressive to watch the dow right now. Because it is up 93 points. Thats a session high. 17,074 puts it within shot after new closing high. Something the s p 500. Looks like it is going to achieve, up seven points to 1,994 today. That is the new intraday high. The prior intraday high was july 24th. It could close above 17,000 today. Anything could happen in the last hour. Nasdaq a little bit quieter up, up six points to 4,533. Joining us now, David Scranton
A referendum on key issues from the west. Translator i swear to god that this is not possible. A political Life Experience tells us that the country cannot have sustained growth in isolation. And a stock on the move. Shares in bmw sink to the bottom of the stoxx 600 after the german carmaker confirms to pay subsidies to those who suffered losses last year. Happy new year to all the viewers returning from holiday to join us on Worldwide Exchange. Wilfred, happy new year to you as well. You are like five days late but how was your holiday off . I hope it was much enjoyed. It was wonderful being back in the u. S. And spending a few days in berlin learning history to get to know more on whats taking place in europe. I learned how people will invest in the new year. Dont pretend, you went there for a fun new years trip. Yes, but i also have my journalist hat on to understand what is going to happen this year. Europe is a big focal point and some investors expect them to outperform u. S. Sto
Households finance 100 of transfer payments to bottom 60 as well as almost 100 of tax revenue used to run entire federal post. What is going on here in your view . Well we hear all the time how the rich are not paying their fair share. So when i looked at this report which is released annually, this report is 2011 data, i dug into some of the details, what i was able to show that they break the households down by income equipment tiles. What i was able to show quintiles. Bottom 60 of the american households by net income are net recipient and receive more in government transfer payments than pay in federal taxes. Fourth income quintile, pays highest, break even. Pay as much in federal taxes as they get in government transfers. It is top income quintile, households in america with average income of about 234,000 that it is that group that pays in 48,000, about 46,500 more in federal taxes than they receive in transfer payments. So that is really the, the main net payer quintile. So they
60 were going to wait because theyre looking for deals. The reality is they can get emof this the other reality retailers recognize it. And it is growing to hurt profits in a big way. Thats a concern for the retail season of the interesting numbers were, on saturday and sunday, they actually were up up over 2 last year which is a good thing for the country. At least it is going up. It was not flat. 42 million versus 41 for the year. Tracy is that because many of us did not shop on black friday . I personally waited because i knew deals and discounts would get better. I got myself free twoday shipping. There is certain point you can really hold out to get the best deal. That was part of it. People are recognizing with the game and with apps and technology and software that helps you figure this out. But heres big warning. Dont wait any longer. Today is really day to do it. I recognize a lot of companies are suggesting you can get shipping even the day on wednesday, Christmas Eve but i a