Were going to get back to john in a moment. Clearly we had an audio issue there. John reporting on this upcoming meeting on the heels of the discussion last night. Which by all accounts seems to indicate or suggest that perhaps we could see the government open as early as next tuesday as the what im hearing. The offer from the House Republicans is to to have a temporary debt ceiling extension of about six weeks. Then they have to decide if theyre going to open the government again at that time. John harwood, are you back with us now . Im with you. Can you hear me . Yes. Now we can hear you. Have at it. Bill, the deal on the table from republicans, it will be discussed at 4 30 when republicans meet with the president at the white house. Is that theyre willing to excuse me. To raise the debt limit for about six weeks. To midnovember. The president is going to ask insist that they reopen the government as well. Now, theres some interesting back and forth today. Jay carney said the adminis
Theres a deter warning to airlines are being told to look out for explosives being smuggled on a plane in toothpaste tubes. Theyre telling people that are going to the Olympic Games to be on alert. The toothpaste tubes could contain ingredients to make explosive. This is the type of threat that is very concerning. I cant go into detail but i can tell you that our intelligence people are working on issuing and working on with departments. theyve been on alert with threats of with islamic extremists. with the talk about with sochi and conditions. coming up. Let our us a lot of People Police raid a joint operation done with the c h t Oakland Police and tell me the share of an homelands security. All happening this morning agencies served a search warning from eighth the ninth street and 36 ave. They say they recovered at least seven guns stolen vehicles and is the lot stolen auto parts. happening now Police Searching for the driver who hit and seriously hurt a person outside of San Franci
For christmas. We have a lot to cover. Its time to take you to the news feed. Apparently, the take overall her was not a good fit for joseph a bank. The clothing retailer has rejected an offer from mens wearhouse saying it significantly undervalued the company. Joseph bank says it will review opportunities. With thejoining forces largest mobile carrier, china more thane, it has 760 million users. It has agreed to sell iphones. The move may help both companies by declining market share in china. Ford is getting ready to unveil a new aluminum version of the bestselling f150 pickup. The new pickup will debut at next months Detroit Auto Show and will be lighter than the steel version. Fuel efficiency may rise from 23 miles per gallon to almost 30. I think i know what you did this weekend. You might have had a lastminute run to the shopping mall. Millions of americans were finishing or maybe starting the Holiday Shopping traffic. Has its finger on retail. Bill martin is with us from chicago
Dollars in fines, in the last year. Now, the Financial Industry Regulatory Authority wants your opinion on this proposal. Speaking of being taken, scammers are targeting older americans. Victims 60 and older now account for more than a quarter of people filing complaints. More than double what it was five years ago. Hit the brakes. Better still, hit the kill switch. Regulators are weighing whether to offer firms on the New York Stock Exchange a kill switch to cut off trading in the event of highspeed trading errors. Farmers may switch from corn to soy. This years bumper crop of corn has contributed to the lowest price in three years. Lets get our day started with Lincoln Ellis of green square capital. Lincoln. What do you anticipate for the remainder of this holiday trading week . Well the worst of this week is going to be relatively quiet and that means probably positive news for equities. If you dont really have sellers out there the trend is up and its very much in tact. Was gdp rea
The first time this year. Road map begins with the markets searching for fresh highs. Dow closing in on 17k after logging its first sixday winning streak since december. Last weeks winning sector, utilities, where weve got action today, lead higher again . General electric overcoming the latest hurdles in its bid in france. Lululemons founder, new allies in his fight to shake up the retailers board. More drama more lulu. Stocks looking to make more history. Dows in 53 points of 17,000. Blue chips and s p in the midst of the sixsession winning streak after hitting highs. Nasdaq closing at its highest level in 14 years. S p so far this year, up 6. 2. I was reminded by s p capital last week, last summer it was up 7 . Everybody sort of knowing well close out q2. What kind of stage does it set for the middle of the year . Look the news headlines, out this morning, bullish actist. M and a, utility deal, also existing home sales at 10 00 a. M. To watch. Economists are looking for a gain there