Economy head of the state of the union address. His first stop, wayne, michigan where he spoke at a ford plant. There is no doubt thanks to the steps that we took early on to rescue our economy and to rebuild it on a new foundation we are entering the new year with new confidence that america is coming back. Tomorrow the president heads to phoenix to talk about the state of the housing market. The sec chairman said his Net Neutrality proposal will line with president obamas vision meaning no internet fast lanes. He said will be no blocking, no throttling, and no paid prioritization. The proposal will be formally submitted in february. Three of the five members need to formally approve the plan. Tomorrow i will be speaking with one of those members on bloomberg west. Is facebook a serious threat to Googles Youtube . Facebook has averaged more than one billion video views per day. Facebook is looking to take a bigger piece of the online ad marketing space. Now to the lead French Forces a
Serve, there are brighter days ahead. There is an important economic convergence going on in South Carolina today. On one side we have a growing economy with more of our people working than ever before. With unemployment down to rate wes havent seen in many years. With people moving from welfare to work by the tens of thousands and with new Companies Moving in or starting up all the time, it is indeed a great day in South Carolina. [ applause ] but how did get there . There are several factors including our business regulatory approach our right to work laws and our Strong Economic Development and recruitment efforts but also no question our tax system plays an important part in our economy too. Our economic competitiveness as a state is in really good shape. But the nature of competition is that just when you think you are doing well, your competitors are gaining on you. In order to continue our states remarkable progress, we must take further steps to improve our standing. We are com
Us from around the world, welcome. We have full coverage of the stocks and stories making headlines today. Peter cook looks at whats on the agenda at the Senate Democrats annual retreat. And we will have the latest on its doorsorts to open to global trade. We begin with matt miller and plan toon cbs cvss stop selling tobacco. Quick this is really huge news from cvs. It is the First National chain to stop selling Tobacco Products across the board. Focus in on what it means for the shareholders and the bottom line. About 2it will lose million in annual sales from tobacco customers. That is not clear if it is alsot to macro sales, or the indirect sales of things like magazines and sodas that smokers tick up when they come in pick up when they come into by cigarettes. Shareholders dont seem very bothered. After an initial drop to less than 65, the stock recovered to about 70. Only losing about 1 10 of one percent. Add up tollion does about three percent of total sales for cvs. Merlot, said
Double over the past two years. And tyler will introduce you to him. We have all that and more tonight on nightly Business Report for wednesday, january 15th. Good evening, tyler will be along later. Well, stocks are on a roll. Another tripledigit gain today for the dow blue chips and the s p 500 and the dow transportation index all rose to fresh alltime highs. And the nasdaq closed at its highest level in more than 13 years. It looks like stocks have shaken off the stumbling start to the new year. They got a big lift this morning, from bank of america earnings. The banks profits shot up eightfold from a year ago. Also helping . A big surprise boost in manufacturing and a World Bank Forecast calling for a stronger Growth Outlook not only for the u. S. , but the Global Economy as well. On wall street today, the dow jumped 108 points, the nasdaq was up 31 and the s p added nine points. John manly joins us, chief equity strategist at wells fargo funds management. John, is this really a tu
Double over the past two years. And tyler will introduce you to him. We have all that and more tonight on nightly Business Report for wednesday, january 15th. Good evening, tyler will be along later. Well, stocks are on a roll. Another tripledigit gain today for the dow blue chips and the s p 500 and the dow transportation index all rose to fresh alltime highs. And the nasdaq closed at its highest level in more than 13 years. It looks like stocks have shaken off the stumbling start to the new year. They got a big lift this morning, from bank of america earnings. The banks profits shot up eightfold from a year ago. Also helping . A big surprise boost in manufacturing and a World Bank Forecast calling for a stronger Growth Outlook not only for the u. S. , but the Global Economy as well. On wall street today, the dow jumped 108 points, the nasdaq was up 31 and the s p added nine points. John manly joins us, chief equity strategist at wells fargo funds management. John, is this really a tu