Third time in six months. It is raising limits of what thanks can pay savers. Both imports and exports fell last month. Investors appeared to like the move. Chinese stocks rose by the most in two weeks. Air forces across europe are grounding all Airbus Military transports after a crash. The airbus a400m crashed saturday minutes after a test flight. Four people were killed, those two others injured. A german magazine says one of the survivors told investigators the plane has multiple had multiple engine failures after takeoff. Shares are down almost 3 this morning. It may be a sign of saudi arabias frustration with u. S. Policy over iran. The new saudi king is skipping this weeks summit for persian gulf countries. A number of issues will prevent the king from attending. The saudis and other gulf countries are concerned with the u. S. Is being too accommodating toward iran. On mothers day, president obama called up some moms phoning several mothers who had written him recently. He ran in
Art industry intact. All that and much more on cbs this morning, saturday, february 1st, 2014. Welcome to the weekend. We have great guests in studio 57 including what may be the best blues rock band going. They are going to play for you here this morning. You. Then a chef traveled to asia and brought back the good stuff, to street food and translated into fine diner here at home. John har baa won the super t bowl. We begin with the super bowl and the massive security measures er way to under way to protect fans and focus players. The focus is the stadium across acros the hudson river in new jersey where they are in the final ges of stages of preparation for tomorrows big game. Concerns stretch into new york. Pregame festivities on super bowl boulevard. We are here with that and how some security measures were put mea into action yesterday. Ion good morning. Go reporter good morning to youte both. And welcome to super bowl boulevard. Its 13 blocks here in times bo square. Its basically
Im not going to vote for any plan that will get a majority of republicans in the house. As a result take a look at the futures this morning. You will see that there are some red arrows once again. Dow futures down by 93 points below fair value. The s p futures down by 10 points. Andrew, ill send it over to you. The bond market today not open because of columbus day which may have a little bit of an impact in terms of the odd dynamic between the stock market and what people think is going on. Also reaction this morning to the situation in washington. Imf chief Christine Lagarde shes now warning of, quote, massive destruction to the Global Economy if the u. S. Debt ceiling is not lifted. Deutsche bank ceo says it would be, quote, a very rapidly spreading fatal disease. I havent heard it put in those terms in a very long time. Jpmorgan boss jamie dimon warned banks are spending money. Quote, we need global growth. We are on the verge of getting it. Please, lets not shoot ourselves in the
Stocks soaring yesterday on all of this news about a potential deal out of washington. Yesterday, the market was up by better than 2 . A gain of 323 points for the dow. Thats one of the best market days all year. The futures this morning after that big rally are actually, believe it or not, indicated slightly higher. Barely up there, but you did see a downturn earlier in the futures that turned around after it looked like a deal was at least a very good possibility. As for the publics opinion on the whole situation, americans are saying fire them all. Theres a new nbc news wall street journal poll that finds the majority wants to toss out the entire congress. Just 14 say the nation is headed in the right direction. Thats about 0. 5 of who felt that way just a month ago. 78 call the country on the wrong track. That tells you a little bit about how bad things got in the last couple of weeks and that might tell you why the two sides sound more willing to negotiate. John harwood is going t
Washington. And the health of the exchanges, and now that some of the issues plaguing the federal health marketplaces have been identified, are they too complex that is a shorter period of time than republicans wanted because they wanted to preserve the lower sequester spending levels as long as they could. The debt extension level would be through the middle of february, february 7th to be exact, shorter than democrats wanted, there would be a budget, a negotiation at that time. There does not appear to be a rollback or appeal of the device tax that some republicans asked for. There will be income strength and subsidies under obama care, and as a trade for that, democrats are going to get something labor unions have asked for, which is the delay in insurance tax, which labor unions complain hit their taxes too hard. Hi, john, it sounds like some of the main issues that were on the table in the beginning have been pushed off. This is all about pushing all the problems down the line. Is