We are kicking it off with a story everyone is talking about. Cars. The detroit auto show. It is open today. So far, hot new models and high tech concept cars and Auto Executives talking shop. Allen has been terrific and he is a great ceo. He gets the whole conversation off the table. We are expanding production capability. It is a different capability equation but most importantly, a different operational cost equation. 16 of total volume is hybrid and i think that will only go up over time. Sales have recovered fantastically since the recession. It is really strong. A nice year. Our customers to create demand for a product, and the number of sales. Ok. That is the word. Did you notice something . Is all men at least until today. Mary starts her first day at the home of General Motors today, the first time a woman sat at the helm of a global automaker. You could tell what a big deal this is by the throng of reporters that rushed her into the show. She was there monday. Swarmed again t
Another winter storm, the second this week is blasting more than two dozen states. More than one hundred million americans feeling the brunt of storm. A triple threat of ice, snow and rain. The storm already pounding parts of the great plains and midwest. Its expected to dump a foot of snow in the northeast. Visibility is poor. Icy,slick roads are making driving conditions both dangerous and deadly. To compound matters almost a million of you are sitting in the dark without heat and power. Paul beban is new york where the city saw several inches of snow. What can the people expect trying to get home . Well, good evening, it is going to be a mess. It was a Winter Wonderland this morning and it became a winter night mare, it is a slushy and slippery mess and much of new york state is facing a salt shortage. The streets in new york mroesly clear, but the piles of snow, huge slushy puddles and jumping over and tripping down the subway stairs and it is a treacherous mess here and to the wes
Fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. Insofar as we get austerity, we get tax increases, spending cuts, thats going to slow the economy. I anticipate a deal so we are dont see the full, you know, 500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases, spending cuts will be a drag on growth which is really not what we would see. If i had my choice we would have more stimulus, more tax cuts, more spending, boost the economy. Are we headed for europeanstyle like austerity,. We shouldnt have to be. What we should be doing is fix the longterm debt problem. And that should happen in the spring. Between now and the spring we
Fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. Insofar as we get austerity, we get tax increases, spending cuts, thats going to slow the economy. I anticipate a deal so we are dont see the full, you know, 500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases, spending cuts will be a drag on growth which is really not what we would see. If i had my choice we would have more stimulus, more tax cuts, more spending, boost the economy. Are we headed for europeanstyle like austerity,. We shouldnt have to be. What we should be doing is fix the longterm debt problem. And that should happen in the spring. Between now and the spring we
That led to a powerful rally today, continuing the momentum from friday after that white house meeting between president obama, and congressional leaders. Stocks rallied right from the opening bell the dow surged 207 points, the nasdaq jumped nearly 63, and the s p 500 rose 27. Tom those hopes about a fiscal cliff deal may be good enough for Stock Traders today, but is the economy in a position to deal with whatever solution politicians may hammer out . Its expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. Insofar as we get austerity, we get tax increases, spending cuts, thats going to slow the economy. I anticipate a deal so we are dont see