News. Those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by my customers can shop around; see who does good work and compare costs. It can also work that way with healthcare. With united healthcare, i get information on quality ratings of doctors, Treatment Options and estimates for how much ill pay. That helps me and my guys make informed decisions. I dont like guesses with my business and definitely not with our health. Thats health in numbers. United healthcare. Support also comes from Carnegie Corporation of new york, a foundation created to do what Andrew Carnegie called real and permanent good. Celebrating 100 years of philanthropy at carnegie. Org. And with the ongoing support of these institutions and foundations. And. And. And friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Wo
Try to merge the two issues in a renewed quest for a grand bargain. Speaker boehner said today republicans will insist on spending cuts if theyre going to vote to raise the borrowing limit. I dont believe that we should default on our debt. Its not good for our country. But after 55 years of spending more than what you bring in, something ought to be addressed. This year well have more revenue than any year in the history of our country and yet still have a nearly 700 billion deficit. And i think the American People expect if were going to raise the amount of money we can borrow, we ought to do something about our spending problem and the lack of Economic Growth in our country. Reporter for his part, president obama said again hed be willing to negotiate on spending cuts and other issues, but only after the government reopens. In the meantime, the president , citing the shutdown and the debt ceiling fight, canceled his planned trip to asia for economic summits. Woodruff in other news,
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
A blowout session in shanghai overnight. Best single day gain in more than three years on a pretty decent pmi. Europe has also been a blend of red and green as the ft names ecb chief the person of the year. Were going to kick off with breaking news. For that would, we go to david faber. News on best buy, in the news yesterday. The stock up sharply. What we can tell you right now is the board of directors of best buy, and its founder, richard schultz, has been trying to put together a group to essentially buy the company in a go private transaction, have extended the deadline in which he would need to come with a bid for best buy and created a window in fact that will begin on february 1st next year and end with the end of that month on february the 28th. Giving schultz the opportunity to look at not Just Christmas sales, but the end of their fiscal year, which will end at best buy on the 31st of january. And that window, again, will be 28 days long giving him an opportunity to continue
Strongest storms of ten years. Massive disruptions over there. Our road map begins with the major indices at or shy of new highs as we begin to cross the Halfway Point of earning seasons. It is trading lower in the free market. Earnings beat. Revenue was a bit short. Apple set to report before the bell. A chance to see how the newest iphones are really selling. A clash of titans. Mcdonalds dropping heinz catsup. The s p coming off a record high close for the fifth time. Dow chasing history within 1 of its record closing high on september 18th. Investors will Pay Attention to a bunch of earning numbers. A twoday meeting of federal policy makers concludes on wednesday and the fed is not expected to cut back on the bondbuying program due to the neck tiff economic effects of the 16day Government Shutdown. The day that flow is going to be very heavy this week. No jobs number this friday. All the adps, claims, cpi, housing, heading our way. This is funny. There are still some very important