Report on puerto ricos debt troubles. Profit misshas gms and challenges facing the new ceo. Lets begin with peter cook in the latest setback for Immigration Reform. House speaker jon weiner delivered the news, putting another nail in the coffin of Immigration Reform. He said distrust among his members over the president s willingness to enforce the nations immigration laws is making it difficult for him to move forward on an overhaul. He did not say it was dead entirely, but he made it clear it is on hold for now. The need made it clear for congress and administration to Work Together on the issue of Immigration Reform. It needs to get done. I will talk to my members on how to move forward, but the president will have to do his part as well. Similaromments follow negative statements from Senate Minority leader Mitch Mcconnell earlier in the week, who called the differences irresolvable. John boehnery is under pressure from fellow republicans. The white house had a response, urging the
Of november. Sandy did not have that much of an impact on the numbers. Unemployment fell to the lowest level in nearly three years to 7. 7 . More people stopped looking for work, all together. Consumer sentiment, not as strong heading into the holidays. Preliminary index actually fell in december. Economists had to look for a slight increase. Investors continue to get out of apple. The tech giant having its worst week since they of 2010. Apple is in they are barking territory. Shortly after the iphone5 came out, part of it in the near profit. Lets get to the floor show. Bobby, i want to start with this jobs number today. The Labor Department says no affect on sandy. There was some data that pointed to the fact that people were leaving the workforce because of sandy. The numbers speak for themselves. I do not think the full effects can be known until maybe a couple of weeks. There certainly are people that cannot go to work and have been laid off because businesses are out. There are al
Quantitative easing there is still so much out there they couldnt predict what would happen. The Price Inflation which is secondary consequence of nk were in for bigis yet to trouble. Melissa big trouble he says and he is here, the host of the ron paul channel, doctor and former texas congressman ron paul. Ron, why are we in big trouble . Because we have lived beyond our means and the message now is well have to leave beneath our means and a lot of people already suffered that consequence in these last five years. Thats why the middle class is you will maker and there is a third of the smaller, a third of the workforce is unemployed or underemployed. There is a greater decrease pansy, some people are making out okay. Wall street was pretty happy but the unemployed are not very happy. So this will continue because we have not recognized that when you get when you get distortions from too much Federal Reserve inflation from the monetary system. There was to be liquidation of debt and mal
Hes going to upgrade amazon in six minutes. 30 seconds later, i made about a halfMillion Dollars. Narrator to information brokers. They told me they were going to arrest everybody. Narrator to sac capital. Arrested fund managers. Doesnt matter who you are. Rules are rules, and the law is the law. Narrator tonight on frontline, to catch a trader. Frontline is made possible by contributions to your pbs station from and by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant, and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation. Dedicated to heightening Public Awareness of critical issues. The wyncote foundation. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. Narrator november 2010. A team of reporters at the wall street journal was finishing a m
Hes going to upgrade amazon in six minutes. 30 seconds later, i made about a halfMillion Dollars. Narrator to information brokers. They told me they were going to arrest everybody. Narrator to sac capital. Arrested fund managers. Doesnt matter who you are. Rules are rules, and the law is the law. Narrator tonight on frontline, to catch a trader. Frontline is made possible by contributions to your pbs station from and by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant, and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation. Dedicated to heightening Public Awareness of critical issues. The wyncote foundation. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. Narrator november 2010. A team of reporters at the wall street journal was finishing a m