Jobs. There are. We are hiring. I am 16 getting paid more than my friends. Do they exploit workers . Mark cuban says it is ridiculous. The minimumwage killed the first job. That is our show. Tonight. [applause] john this studio audience is filled with young people. In terms. They have become increasingly common about half of College Students do some type of internship to build a resume for about also four companies to try the workers out. For cheap. How many are paid real wages . How many is pad . Nobody . [laughter] arent you exploited . Nobody . [laughter] the Obama Labor Department says they are. It issued a sheet said free in turn ships internships has no immediate advantage. What . Then why would they 11 . Ssa it is better for the business the business could be impeded. Ru kidding me . I had the the in turn like that. We parted company. [laughter] i have used them all of my career. Someday research. Summer journalist. But they say the Labor Department should punish those companies
Its about five hours old right now. The house and senate failed to agree on a bill to Fund Government operations by the midnight deadline meaning hundreds of thousands of workers will soon be sent home. Delia goncalves joins us live from the Martin Luther king memorial with more on this story. Good morning, delia. Reporter good morning, andrea, mike. The mlk memorial unlike weve ever seen it is dark this morning, only lit by a few camera lights spotlighting this area. But what we normally see, these beautifully lit monuments shining up in the night sky. It is really dark in this area. Check this out. You can see the barricades are all stacked up ready to go, ready to block this road. The warnings weve all been telling you about now a reality because congress did not act in time. The midnight deadline came and went. The clock struck midnight on capitol hill with lawmakers unwilling to reach a spending bill. More than 40 of federal workers will be furloughed. Some federal services delaye
Way tend to the long and bloody conflict. Friends of syria are meeting in laughon done today trying to get Opposition Forces to take part in a proposed peace conference in geneva. You can win at the negotiating table, but it may take a long time, a lot of loss of life, and potential destruction to win on the battlefield. So i think they see that. I think they see something very positive in that. And our hope is that this conference will begin. It will never be easy. Phil neither leader is going to be there so what do they hope to accomplish . Well, today not an awful lot. Not an awful lot of Forward Movement in london for these talks. They were going to get closer towards the geneva 2 talks later in november. But it doesnt look like that will happen, not the least of which reason is none of the opposition will agree. One of the leaders says he is so disheartened about what has happened in geneva that he is backing out too, so the west may be saying the only way to end the bloodshed wil
Million into that abject failure. Now the question is whether sebelius will be forced out, or whether she will testify before congress. But the overriding point is that a highly centralized Government Health care just wont work. It is the opposite of free market policies that would if given a chance. And then, the governments 13 billion fine for jpmorgan a shutdown . And oh, by the way, is jamie dimon being punished for his outspoken antiregulatory reviews in his general criticism of obamanomics . All those stories and much more coming up on the kudlow report, beginning right now. Good evening. Im larry kudlow. This is the kudlow report. Were live here. Its 7 00 p. M. Eastern and 4 00 p. M. Pacific. Earlier today, what should have been a mea culpa sometimes sounded more like a pep rally as president obama acknowledged the catastrophic rollout of obama care. Take a listen. The product of the Affordable Care act for People Without Health Insurance is quality Health Insurance that is affo
More cash to shairps shareholders. Sears shopping for buyers for its canadian unit. Eddie lampert making more changes to that retail empire and sony, negative results again. More record highs for the s p and dow despite the soft data. Will we see new highs today . Another acquisition for yahoo . Marissa mayer scoops up snap chat rival strategies by a thousand buys blink. Youll miss another one. Whatever that meant. I dont know what i just said. Alibaba liked it. First up, though, macys did report First Quarter earnings of 60 cents a share, Beat Estimates. Retailer says comp sales down 1. 6, hurt by the Winter Weather and macys earnings released Terry Lundgren says sales trends did improve in april when weather started to improve. Announcing a 25 Dividend Increase and boost in the share buyback. The story on m is margin control. Despite the decreasing comp held vndsers to the fire. Got operating margin, 7. 1, looking for 7, gross margin 38. 9. Thats in line. Did they squeeze toomey . I