Or was it the real economy rearing its increasingly ugly head every day that the average goes down, the dow slipped 102 points, s p shed 7 p. 8 , are we having Great Depression style unemployment 38 million jobless claims or another garden variety sell off in the wake of another major rally . Ill give you a hint its not the economy driving the bus. I know the markets incredible rebound the last two months seems totally out of sync with whats happening in the rest of the country. Wall streets become divorced from main street and were told thats unsustainable the thing is im not so sure this morning on squawk on the street, i kicked this idea around with david faber and carl quintanilla. David was incredulous i thought we were seeing a garden variety selloff, not some reckoning mass sell off in unemployment. Another 2. 4 Million People filing for jobless benefits this very week. Remember we get those claims thursday morning lets start with the positives that help stem the bleeding today
another beating, the dow sinking into the bank that set off the crisis, silicon valley, not cut like goldman sachs. the banks work from hold culture is partly to blame for the collapse? or not. a story you see first out front. the chinese president xi jingpin facing record unemployment and unrest, how could this figure into a potential invasion of taiwan? it a good evening. out front tonight, new video just in. these are ukrainian soldiers shooting down a russian fighter jet. what i am about to show you i think will stand out to you, for the fact that the act appears to be so easy for ukrainians to take out a russian fighter jet that it almost takes him by surprise. so, here it is. what you are looking at is a ukrainian using a surface to air missile. so, shooting from the ground here, takes about three seconds to reach his target and the white circle, you see it, then the clash or explosion there, the soldiers reaction is total shock. it hit the plane. [ bleep ] as i sai
Seconds. Oh, just look at the cold air thats waiting to take over. The high today in cheyenne, 7. So it could always be worse. Winter weather sweeps across the u. S. Well, ive taken out my fuzzy socks. You know why . Because a blast of frigid air right now is making its way across the u. S. Kind of like a water wheel. Just sort of grabs this cold air and slings is down into the u. S. Investigators are still searching for answers in the horrific fire in oakland. Its just horror and tragedy a strong earthquake rocked indonesia. Damage is widespread. The death toll is surely to rise. Frantic rescue efforts are under way. Pakistan International Airlines flight carrying more than 40 people has crashed on route to islamabad. Are you better than me . Angry moments caught on camera as a white supremacist speaks at a texas university. Spencer is the godfather of the altright. Donald trump on the socalled thank you tour and he brought his pick for secretary of defense. Mad dog plays no games, ri
Co2. For a full schedule, go to cspan. Org. Chris shelton as president of the Communications Workers of America Union and he is our guest this week on the communicators. Welcome to cspan. We have approximately 700,000 members in every walk of life, reporters, nurses, even some rocket scientists in new jersey. We have printers, manufacturing folks, you name it, we have them. We are not the old cwa. How is it you can represent . We have merged a lot of other unions. The last one was the flight attendants union. We have represented these folks. We have been merging other unions. What are some of the other Telecommunications Companies . At t, frontier, verizon, tmobile. Come apeaking of verizon 45 day strike recently ended. What came out of that . What was the strike about . The strike was about one thing and one thing only, jobs and job security. For verizon, it was about a lot of things. We managed to come out of it with what we wanted and i think we did very well. Verizon also did ok. T
Not the hear the shots and had no idea that this had gone south. The man is parked for a quick getaway he could have gotten out of there but did he not. Reporter he was taken in custody, store owner described it as a hard working, kind man was unharmed. This poor gentlemen that poured his heart and soul to open up this store, lone employee had no choice to do what he did he protected himself and his business. Reporter District Attorney says that this owner should be commended, and that the the suspects accomplice will be charged. We will prosecute his surviving Co Conspirator both for the crime of robbery and for the death of his co defendant. Reporter now, that accomplice is still here at the Police Station and expected to be walk out at anytime. That suspect has yet to have been identified. Reporting live from bucks county im alexandria hoff for cbs3 Eyewitness News. In other news a fiveyear old little girl and mother are both in Critical Condition tonight. After a fire swept through