The top Global Business stories. Another sign of progress in the labor market, u. S. Companies 000 workers last month which is the seventime in the last eight months payrolls have climbed by at least 200,000 according to adp research. The payroll report is a out officially friday and it is expected a gain of 230,000 jobs. Record. Nday set a sales according to Research Firm com score, shoppers spend more than 2 billion online monday. Growth is officially slowing and consumers of and spreading out there shopping two other days during the holidays. On ready for fireworks again capitol hill. This morning, congress will question an executive from the airbag maker who is refusing to issue a nationwide recall. Rejected the recall demand by u. S. Regulators and the airbags are lame for at least four deaths and they have recalled cars only in states with high humidity which is partially blamed for the malfunction. Ralph nader says takata thinks it can get away with defying the government. They
Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt through a new law known as the recovery act that was passed last summer. The law was intended to help agencies like for example, the purity wroe ricco electric Power Authorit
In terms of staffing and i am sure from the legislation how strong that is right now to enable you to be as strong on the committee. What is your sense of that . Sure. Its a little difficult question since its new and im not 100 what is available for it in terms of staffing. I certainly do hope to have a supportive staff. At the same time i feel that our goal is pretty straightforward and while it will take time going back to what i said about the diversity of the Board Members i think people will have some discrete goals and tasks in mind that they can do and bring it and come together and assignments to carry out and i am committed and my employer is behind my work on this board and so i feel it will be a really effective and efficient way to reach the goal that the board was created for because people are coming together that have various levels of expertise and the pieces that need to be covered so a lot of it we will be able to function well and do as Board Members. Thank you. I t
It was forecasted to say the same as februarys read but instead we have a read of 101. 3. This is a little bit of a change given the latest chicago pmi number we got 15 minutes ago that it was a disappointing read in which manufacturing did not expand. They contracted once again. Last week, the university of michigan conference Confidence Index came in higher than anticipated. You wonder whether the slumping Consumer Spending is temporary or if it is indicative of just deeper problems for u. S. Households. This number would seem to suggest it is temporary. What consumers say and how they describe their feelings is different from what they actually do when it comes down to it. Olivia thank you scarlet fu. Matt i want to give you the bulletin top business stories of the morning. Home prices are rising faster than expected according to one. Of the index of Property Values in 20 cities rose 4. 6 in the year that ended in january. The report warns that home prices are going up twice as fast
Please colloquy between he and the judge when he entered his change of plea. The council can make us aware of that behind. It is my understanding that there is a transcript, we dont have a copy of it right now. Counsel, you are not sworn, but if you could answer that gentlemans question as a member of the bar would be helpful for us to dispense with this. Mr. Chairman, there is no five 9 11 component to the plea agreement. The strait of plea agreement that does not require any additional testimony or affirmation. Did he receive a reduction in is guideline points . He did. Was a super acceptance or that twopoint acceptance . It was three. Two plus one. That does not include answering questions and he is not in jeopardy at a Congressional Committee hearing . No. It only requires acceptance of responsibility as contemplated by the guidelines. I would love to have a copy of that plea agreement. I am sure other attorneys and not attorneys would like to see it as well. I am going to direct s