Here is a look at the nasdaq. Both of which did not do as well as they had hoped. That was something that hit Goldman Sachs. You have Michael Court that over at citigroup. It was not as strong as they would have liked. Ashley nicole, thank you so much. Lori bernanke giving to be what is expected to be his last appearance. Hate, lori. It was a little bit of a History Lesson from chairman bernanke. Some of the measures, as you know have continued to draw criticism on capitol hill. Listen, i know that there are folks out there that are critical of the fed. Hopefully some of this pressure will abate. As we tell our story, more information comes out about why we did what we did. They understand what we did was necessary. It was a main street set of actions aimed at helping. I am hoping that these political concerns will wait. He also acknowledged up for him personally the most credible risk of trying to unwind all of this and wind down qe and starting the tapering and shrinking the feds for
Shows Syrian Refugees rescued off the coast of malta. Libyan traffickers shot and sank their boat leaving them to drown. 400 were on the boat, and its believed 200 drowned. Mortgaged sold by countrywide financial which bank of america bought in 2008. The Justice Department said it will ask bank of america to pay more than 800 million in damages. Those are the headlines. Real money with ali velshi is next. Well, the stock market is still hot but the economy is still cool to the touch. Ill make sense of the disconnect so you know what to do now. And good news about the soaring cost of tuition, and ill introduce you to a space pioneer whose new mission is to tackle the true final frontier, the ocean. Im ali velshi, and this is real money. This is real money you are the most important part of the show so join our live conversation for the next half hour by using this, the hashtag aj real money on twitter. Lets talk stocks. If youre invested right now you know the markets have gone gang bus
Success in our battles and let our prosperity be tempered with generosity. We pray that you keep the United States in your holy protection and that you incline your heart toward us to cultivate a spirit of peace and obedience to both you and your government. Humbly in uld walk that love that was characteristic of your son, the author of our blessed faith. Grant us this prayer through jesus christ, our lord. Amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1 the journal stands approved. The pledge of allegiance today will be led by the gentleman from illinois, mr. Quigley. Mr. Quigley i pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The speaker the chair will receive a message. The messenger mr. Speaker, a message from the senate. The secretary mr. Speake
And economists warn the economic effects will be felt quickly if 600 billion in automatic tax increases and spending cuts begin to take effect next year. At this rate, it looks like lawmakers will celebrate new years eve at work if not resolving the fiscal cliff, at least trying to avoid the blame. Darren gersh, nbr, washington. Susie going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. If lawmakers fail to reach a deal before january 1, the cliffs across the board spending cuts and tax increases will impact how much money states get from the federal government. Ruben ramirez reports from washington. Reporter we all know the numbers. Failing to reach a deal by january 1 will result in 109 billion in automatic cuts to federal spending. And while thats a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. And Standard Poors gabe pettek says tho
And economists warn the economic effects will be felt quickly if 600 billion in automatic tax increases and spending cuts begin to take effect next year. At this rate, it looks like lawmakers will celebrate new years eve at work if not resolving the fiscal cliff, at least trying to avoid the blame. Darren gersh, nbr, washington. Susie going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. If lawmakers fail to reach a deal before january 1, the cliffs across the board spending cuts and tax increases will impact how much money states get from the federal government. Ruben ramirez reports from washington. Reporter we all know the numbers. Failing to reach a deal by january 1 will result in 109 billion in automatic cuts to federal spending. And while thats a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. And Standard Poors gabe pettek says tho