Traders say that the vix illustrates the central bank as backstopping the markets so that means theres less demand for downside protection. Speaking of Central Banks, we have two key decisions to watch today. The bank of england is expected to withhold fresh monetary stimulus as the start of the new year gets under way. Forecasters say that the Economic Data is still too mixed to try and trump inflation worries. The ecb also expected to stay steady, holding its key rate at. 75 . Policymakers are seeing refraining as the eurozone economy shows signs of stabilizing. We are going to bring you both decisions as soon as they are announced. And the ecb reports comes out 45 minutes later. First, breaking news out of washington. Today, president obama is going to be announcing his plans to nominate jacob lew as the next treasury secretary. The president will be making that announcement at 1 30 eastern time in an event in the east room of the white house. John harwood joins us now with more on
West virginia residents have finally been told they can now drink from their taps again and the ban was lifted a day ago many are complaining about a very peculiar spell and robert ray is live on the scene in charleston and say the water is safe now so what exactly are residents still concerned about . Well, the residents here in charleston, West Virginia are concerned about the fact that you know its been a few days since the water bans are lifted and people have been flushing their pipes out but a lingering odor is rounds like an licorace or candy and after the water is flushed out describing the smell inside their homes and others described discoloration and we are in a restaurant here this morning where folks have been having brunch throughout today and this particular restaurant is serving only bottled water to its customers and they are using the water just to clean the dishes. They own three restaurants here and they have been impacted pretty heavily by what has happened. We hav
Antigovernment protesters are back on the streets a in ukraine, defying new laws aimed at stamping out protesters. They clashed. You are looking at live pictures. Earlier, they were hitting them with sticks as they tried to overturn a bus. Thats where jennifer glass is joining us, live from kiev. What are the protesters calling for right now, jennifer . Reporter right now, those live pictures that you are seeing are about 400 meters that way. I can hear the blast. The police have been throwing stun grenades, firing pepper spray at thousands of protest who left here, a very peaceful protest early in the day on kiev independence square, tens of thousands. A few thousand broke away and tried to head toward parliament. The police are blocking that road. The police have very much stood their line and been very restrained in contrast to proceed tests and clark that happened in early december when Police Attacked protesters. The protesters have been very aggressive here they were throwing som
Tonight the United States is calling for the violence in the ukraine to end and for the government to hold immediate talks. Riots erupted in kiev. Dozens were hurt as thousands confronted police. This comes as the government passes new laws limiting protests. Its the worse fighting in kiev. Thousands clash with police, blocking the road to parliaments. Buses were set on fire. Opposition kidnapped a policemen. Opposition leader and former boxer tried to calm the people, with no success. This is the kind of confrontation that opposition leaders were trying to avoid. After eight weeks of protests with little results, some protesters have become frustrated and decided to confront authorities in the street. Tensions heightened this week when a court declared demonses in the center of key dimensions in the center of kiev illegal. Earlier, sunday, tens of thousands gather on Independence Square to defy the regulations. Translation i appeal to Law Enforcement bodies, to servicemen, join the pe
Campaign rallies they can discover and eliminate but today they are perpetuating. I am for a progrowth, projob creation set of government policies, including tax policies that promote competitiveness. Its competitiveness that involves an adequate transportation system, a Trained Work Force, the research in medicine as well as in technology to help us compete, but we dont have the federal resources to hand out one bonus after another to corporations when we know it wont work, when it will not grow our economy at the same time that the same people that are advocating policies that dont work refuse to pay for policies that do work. We should reject this bill. It is not in the interest of the country. It may be good politics in an Election Year, but it is bad Economic Policy as near every economist who has looked at the issue in an objective way has concluded, and i yield back. The speaker pro tempore the gentlemans time has expired. The gentleman from ohio is recognized. Mr. Tiberi id lik