Welcome to Market Makers. I seem to have misplaced Stephanie Ruhle. Im terrified all by myself. Im going to kick it off with the top business stories of the morning. Sears is getting smaller and so are its losses. The retailer cut its losses by more than half in the fourth quarter. It has now lost money 11 quarters in a row. Eddie lampert has been shrinking the store base and separating units to generate cash. They want to form a Real Estate Investment trust to leaseback the stores. Firsttime jobless claims rose by the most in more than a year last week. It was well above the estimate. Inflation at the consumer level took a dive last month. Prices fell zero point 7 , probably due to Falling Energy prices. The cpi actually rose. The fcc is headed toward a landmark vote on regulating the internet. Regulators expect to adopt rules on Net Neutrality that would bar broadband providers from charging websites to deliver content more quickly. Large mobile phone carriers say the regulations wou
In all but the closest one to Eastern Kentucky was in atlanta. Requiring kentuckians to make a 14hour round trip drive simply to attend. So its pretty clear from the location of all these listening sessions the e. P. A. Did not want any real input. Thats why i convened a listening session in pikeville that resulted in the powerful testimony ive shared with my colleagues today. Since the obama e. P. A. Would not come to kentucky, i brought the voices of kentuckians to e. P. A. We held three panels composed of those in the coal industry, miners and their families. And local elected officials to illuminate the disruption in these communities caused in large part by the war on coal. Many of my constituents filled out comment cards and my office delivered them yesterday to the e. P. A. Along with the hearing testimony. I want to leave my colleagues with the comments of one kentuckian, justin bradford, who is a retired teacher in pikeville. Heres what justine bradford, excuse me. Heres what
People who have lost their insurance until the 2014 election, and that question was not asked. Thats my thoughts. Well show you the News Conference later in our program schedule. Heres the wall street journal wawrnl headline. I. I white house to allow insurers to continue cancelled health plans, and they write that president obama said it to that insurers will be able to continue Health Insurance coverage next year for current policyholders that otherwise would be canceled under the any law. It is a significant policy retreat by the president , one that he hopes will quell that americans can keep their Insurance Plans. The president s chief of staff, dennis mcdonough, on capitol hill meeting with the house and senate and talking about the changes the president is proposing. Lets go to river city bear river city, utah. Go ahead. Make sure hi there make shoo sure you mute your television or radio and then go hate with your go ahead with your comments. Caller thank you for taking my call.
Inflation is going up. Expect a Quick Movement from the stopand the old plan to the reinvestment of materials is off of the table. Willare worried everyone overreact as if they wrote rate increase was imminent. They are just going to raise rates. Debate,e is a bit of a but the interest on excess reserves they will just leave the excess cash at the fed. They will taken cash from dealers, in exchange for lending securities from their portfolio, and keep them in trade. This is still a possibility. Thatare just going to let four dollars trillion 4 trillion rolloff. This is just one man, even though he is very influential. See when those fed minutes are released with further discussions they will have. Howelocity is the terms of fast you want to raise your rates, what are you hearing about that . Slower and lower than in the past. Slower,s going to be inflation is going to be lower and with the new regulations, you will need to raise rates as much. Rate,n keep the benchmark which is well be
Independence. Our third line, 202 5855883, set aside for iraq war veterans. You can contact us via social media, cspanwj. Facebook. Com cspan if you want to make a comment and participate that way. You can send an email. Of the financial times. Obama to send 300 troops to iraq as sunni rebellion grows. That is how they headline it. Inside, they have an editorial. Where the blame lies in iraq. The instinctive response of many western is is that the usled invasion of 2003 is the cause of todays turmoil. The invasion is judged to have been a mistake. Host all this was bound to create longlasting turbulence your custom of the editorial in the financial times. Of the newront york times. Obama orders 300 advisors to iraq. A story below that about Prime Minister Nouri Almaliki and potential replacements. Challengers emerge to replace maliki. Three members of the shiite majority have emerged as possible candidates to take over as Prime Minister. It says that the kurds want the Iraq Central Gov