Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. Tom will be along a little later in the program. Fresh signs of a disconnect between what companies, and investors are seeing in the u. S. Economy. We preview the economic state of the union. Why regulators need to treat them like other business. Then u. S. Airways sees big benefits in merging with american airlines. We look at the new landscape for airlines if the deal goes through. We have that anmore tonight on nbr. President obama is preparing to deliver his first state of the Union Address of his new term, tomorrow. The American People will be listening carefully to his plans to grow the economy, especially as they struggle with less take home pay, and worries about their jobs. While there are signs of improvement in the economy, the Unemployment Rate rose in january to 7. 9 . So what is the current state of the economy . Erika miller talked to two experts with different views. Reporter it
Captioning sponsored by wpbt this is n. B. R. Susie good evening, everyone. Im susie gharib. Toms off tonight. Americans are waiting to hear from president obama as he gives his state of the union speech. We look at his jobs plan and what wall street wants to hear from the president. And currency wars g7 countries say theyre looking to boost their local economies, but critics say theyre aiming to get ahead by weakening their currencies. That and more tonight on n. B. R. Were hours away from president obamas state of the Union Address. Americans arent just listening for what he says but how he says it. Will he strike a hopeful or optimistic tone, and will he offer a concrete plan to create jobs and grow the economy . Washington bureau chief darren gersh reports. Reporter with more than half of americans thinking the economy is still in recession, it makes sense that the president is focused on a jobs agenda in his speech tonight. But while his plan may be new, the challenge is not. The
Good morning. Its wednesday, february 13th. Im angela miles. In todays first look president obama details an ambitious plan for america. Now is our best chance for bi partisan comprehensive tax reform that encourages job creation and helps bring down the deficit his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. Ahead of the speech, the dow closed above 14,000 yesterday. Bank of america was one of the stocks propping up the blue chips. Apple fell 2. 5 , weighing on the nasdaq. The s p gained 2 points, while gold and oil edged higher. And the boards of American Airlines parent company, amr, and u. S. Airways are scheduled for a separate meeting today to talk about a merger. Larry shover of sfg alternatives joins us now for some trader talk this morning. Good to have you on the show post the president s speech last night. How much will it mean to the markets today . You know, it was a really great speech last night, but i think a lo
Boilers to cement kilns to power plants to oil refineries, and inflicted a significant cost that wasnt there four years ago and has made it more expensive to manufacture. Reporter the Great Recession created an employment crisis, but slow job growth has been a problem for decades. Business startups began falling in the 1980s, and that trend picked up speed after the 2001 recession. No one is sure why that is, and until economists figure it out, it will be difficult to get a strong jobs recovery going. Darren gersh, n. B. R. , washington. Waiting for president obamas speech. Now despite a cautious day of trading, the dow closed at its highest level in more than five years, and returned to the psychological important 14,000 level. The dow gained 47 points, and the nasdaq lost five, and the s p 500 up two points. Even though the stock market has made dramatic moves, and Trading Volume today and throughout february has been light. Market pros say thats because investors are searching for n
Sentiment. That raises alarm bells. Reporter another immediate concern is the impact of higher payroll taxes, which could force some households to cutback spending. In addition, gasoline prices are rising. And if they hit the psychologically important 4 a gallon mark, many consumers could also pull back on shopping. And long term, federal budget problems remain one of the biggest hurdles to growth. The u. S. Is running an annual deficit of 1. 1 trillion. We still have some fiscal speed bumps coming. And then we have the question of what they actually do on the fiscal side. So, right now, the economy and the fiscal situation are wrapped up into one really nasty ball of wax. Reporter keep in mind that many of the International Problems that have existed for more than a year havent gone away. Slowing economies in europe and china could slow global growth. And conflict with iran could push up energy prices. Erika miller, n. B. R. , new york. Susie joining us now with more on what to expect