We will be forced to austerity. It will be pledged upon us. We ought to be doing that now before that happens rather than when somebody else is telling us what we are going to do. Thank you. Coming up next, attorney general holder releases the details of the 4. 5 billion in the bp oil sediment. Ed markey reacted to the settlement with bp. That is followed up by president obama touring a Hurricane Sandy damage in new york. In 2010, the deep water rights and rid explosion was the worst oil spill. Rig explosion was the worst oil spill. There was a 4. 5 billion settlement case. This briefing is half an hour. Good afternoon. Im here with the assistant attorney general from the Justice Department and the security and Exchange Commission of enforce. And head of deep water verizon task force and announcing the latest step forward in our ongoing efforts to achieve justice for those whose lives and livelihoods were impacted by the largest environmental disaster in the history of the United State
By the Justice Department. We have not yet recovered from this disaster. The families of those who lost their loved ones will never recover. But this is an important step in making sure that bp is held the responsible held responsible for its action. I want to commend the work of the chairman. He aggressively pursued the statements that were made. When he heard that the amount that they were talking about discharging into the gulf was as slow as it was being presented, he knew right away that it was not accurate. He was able to give the Justice Department documents that led them to the same conclusion. We need to hold wrongdoers accountable. I am pleased that the Justice Department and i commend the attorney general are taking the action to hold dp criminally accountable. They are yet to be held hold bp criminally accountable. They are yet to be held civilly accountable. And the individuals who gave ms. Information to congress or were on board the ship on the night gave mis information
Are the most important pard of the show. Tweet us or leave us a comment on facebook. This week, unemployment in america is down. Hiring has slowed. Well explain in a moment. For now, lets look at the job numbers for september, where we got 18 days behind schedule thanks to the government shutdown. The Unemployment Rate dropped to 7. 2 from 7. 3 in august. That is the lowest in almost five years. It sound good but its not, really. The u. S. Only added 148,000 net new jobs 45,000 fewer than were created in august. Its worry son. We should add between 150,000 and 200,000 or more per month to sustain economic recovery. We are not doing that. The trend suggests that job creation may be slowing, without factoring the jobs lost or furloughed because of the shutdown. That information in the next jobs report in november. Why would unemployment and hiring come down . The reason is because Labour Force Participation is low at 62. 3 . Thats the percentage of all working age americans working or ac
Sending all the major averages higher if only slightly after two Straight Days of triple digit losses for the dow, the blue chip stocks got a boost from shares of intel which rose nearly 7 after it rose its fullyear guidance on Strong Demand for personal computers that use its chips. And a drop in inflation last month, lower costs for food and energy. Here is how the markets looked at the closing bell today. Dow was 41 points higher at 16,775, nasdaq gains 13 to close at 4310 and finishing six points higher was the s p at 1936. But for the week, the dow turned in their worst performing weeks in two months. A more stable calmer day in the oil markets today but Oil Prices Still pumped higher. Despite sunni militants continuing their march toward baghdad there are no signs of supply problems coming out of iraq, west texas intermediate up slightly closing at nearly 107 barrels a day, and brent crude ending at nearly 13 a barrel, and meanwhile, president obama said quote, the United States
Continued turmoil in iraq, investors were enthusiastic sending all the major averages higher if only slightly after two Straight Days of triple digit losses for the dow, the blue chip stocks got a boost from shares of intel which rose nearly 7 after it rose its fullyear guidance on Strong Demand for personal computers that use its chips. And a drop in inflation last month, lower costs for food and energy. Here is how the markets looked at the closing bell today. Dow was 41 points higher at 16,775, nasdaq gains 13 to close at 4310 and finishing six points higher was the s p at 1936. But for the week, the dow turned in their worst performing weeks in two months. A more stable calmer day in the oil markets today but Oil Prices Still pumped higher. Despite sunni militants continuing their march toward baghdad there are no signs of supply problems coming out of iraq, west texas intermediate up slightly closing at nearly 107 barrels a day, and brent crude ending at nearly 13 a barrel, and me