Latinos are hosting family themed parties. One is just a block from me here in an area of town they call fair hill. The other one is across the street from st. Christophers hospital. The pride of puerto rico took center stage here along the vince parkway. He calls america home for 50 years and she brought her own grandchild and nine others. Everybody is happy, celebrating. They dont forget our culture. Thats important. Organizers say this warm autumn day couldnt have been more perfect or recommend missent of their native land as they gathered for the 52nd annual puerto rican day parade. Leaders say philadelphia is home to an estimated 100,000 puerto ricans. Philadelphia is a great city. Its very inclusive. Its a city thats given my family our american dream. Im thrilled to be able to be part of the fabric. Reporter this candidate led participants along the parkway. He is the first latino wroe to run for the citys top job. Democratic candidate tom wolf wasnt far behind. Its the first ti
Economy later today. I thought i was supposed to come here today. You thought you were supposed to come here today. So we are both here. Not really, folks. A lot of talk today is about what investors should do if we go over the cliff. What should we do if there is a debt deal before yearend or shortly thereafter. We have Smart Strategies and individual stock picks for you this hour. Thats right. Well also take a look at another side of google that you very rarely hear about. The internet giant stashing billions in tax shelters to avoid paying taxes. Is that fair play or outrageous corporate behavior . Especially in this climate. Well talk about that. But first, markets are generally higher. Dow jones industrial average up 29 points on the day. Nasdaq is up 7. And s p 500 up about 1 1 2. Theyve been that way about the last ten days or two weeks or so. 21 days until america goes over the cliff or not. President Obama Meeting with the House Speaker boehner in a closed door session over th
It looks like were looking at a lower open for the dow. As for the action in europe, really, the action focuses on italy where theres an impending political regime change. More on that in just a moment. The road map starts at the golden arches. Mcdonalds blowing out expectations for november sales after the dismal drop in the month of october. Hoping to fuel the rise, the bacon onion cheddar sandwich. Theres one thing for certain, taxes on top earners are going up. Turmoil in italy. Berlusconi throws his hat in the ring. Retail Sales Numbers out of china, hoping the economy is in fact on an upswing. Apple, enthusiasm. Jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the premarket. Well start with mcdonalds, posting better than expected november samestore sales, global comps up 2. 4. U. S. Samestore sales up 2. 5, offered by breakfast offerings, including that cheddar bacon onion sandwich, as melissa mentioned. Jim . People are saying the u. S. Maybe
Happen until the gop agrees on a tax hike. Senator dick durbin saying no deal on the debt without a tax hike of the wealthy. I cant tell you, i dont want to do it, the president doesnt want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. Some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. If we were to pass, for instance, raising the top two rate and thats it, all of a sudden we do have the leverage of the debt ceiling and we havent given that up. Meantime, one influential voice says enough is enough. Thats like betting your country. Theres something terribly bizarre and juvenile about that is to think your party comes ahead of your country. I dont go for that at all. That, of course, was alan simpson, the other half of simpso simpsonbowles. Erskin bowles will join us this morning, as well. If you have the democrats quoting him, the republican
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