Finding any survivors on board that plane. In fact, at the moment, its proving difficult enough to find the plane itself in some of europes most mountainous terrain. Most of those on board were either spanish, germany, german, or turkish. For the cause of the crash at the moment, thats a complete mystery. Its a tragedy and a search centered on the most rugged terrain. This is the remote area of the french alps where the plane with 150 people on board went down less than an hour into a flight to germany. The crash site is said to be a 2 1 2hour hike from the nearest village. This is the germanwings plane, 24 years old, an airbus 320 flying at an altitude of 38,000 feet when it began what appears to be a controlled decent edled its altitude dropped until around 10 47 local time the pilot sent a distress signal. The french president says no survivors are expected to be found. He met the spanish king today. 45 of those on board are believed to be spanish. Most of the rest, german or turkis
Gone down somewhere in the french alps. Bill neely is in london. Anything more you can add . Yes, the fact that it has gone down in the french alps is not good. Its about 9,000 feet up with few roads leading to it. 142 passengers on board, two pilots and four crew. I suppose from a rescuers point of view thats very, very difficult terrain. At the moment it was not far into the flight from barcelona to d uss eldorf when it crashed. It is an airliner that is a subsidiary of the german airliner lufstanza. German wings is a low cost airliner. They were heading back probably from vacation in barcelona. Details are sketchy at the moment. The weather seemed to be fine. It was cloudy with just light wind. The pilot did send an sus urks srksstus urks srkss srkssuss sos message, but rescue teams are on the way. It is an inaccessible area. From a rescue point of view thats not good. Bill thank you very much. Tom costello covers aviation. You are just getting the details as we are. Talk about this
Robust Holiday Season sales from the get go. When we are perched on the cliff. The house of pain. Welcome to a world a ball of confusion. Confusion that produces results like we had today in the market. Where the averages were down falling 89 points. Nasdaq drifting 3. 80 lower. They actually got their way out of the down turn at the same time that the cliff jump would send us back into one. How can it be . A couple of reasons. First is what really matters number one asset, her house and that house price is going higher as we found out from the 3 gain in home prices reported by the survey this morning. You get the Property Values up and you get a consumer who decides that all is not lost. 14,000 may be transitioning from the hole in their house to being in the black again. That could be driving this confidence locomotive. All aboard. It has changed in the last year. The last time we worked the Consumer Confidence level. It was in february of 2008. Home prices were beginning their traum
The get go. While we are perched on the fiscal cliff. Should stop spending in its tracks. The house of pain. Welcome to a world, a ball of confusion. Confusion that produces results like we had today in the market. Where the averages swung wildly, dow falling 89 points. Nasdaq drifting 3. 80 lower. They actually got their way out of the down turn at the same time that the fiscal cliff jump would send us right back into one. Conundrum, paradox . How can it be . A couple of reasons. First is what really matters. Number one asset, her house, and that house price is going higher as we found out from the 3 gain in home prices reported by the caseshiller survey this morning. You get the Property Values up and you get a consumer who feels that all is not lost. 14,000 may be transitioning from the hole in their house to being in the black again. That could be driving this whole confidence locomotive. All aboard. It is the single biggest variable that has changed in the last year. The last time
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