York citys Rikers Island a violent and unsafe prison for teenage inmates, exposing them to unnecessary and Excessive Force. Those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by at bae systems, our pride and dedication show in everything we do; from Electronics Systems to intelligence analysis and cyber operations; from combat vehicles and weapons to the maintenance and modernization of ships, aircraft, and critical infrastructure. Knowing our work makes a difference inspires us everyday. Thats bae systems. Thats inspired work. Ive been around long enough to recognize the people who are out there owning it. The ones getting involved, staying engaged. They are not afraid to question the path theyre on. Because the one question they never want to ask is, how did i end up here . I started schwab with those people. People who want to take ownership of their investments, like they do in every other aspect of their
Im francine lacqua. We are getting breaking news out of italy. Possible qe next week in terms of that inflation figure that is due out any second. Weve already had a lot of macro news affecting the euro this morning. Though it actually hasnt affected the euro in terms of where the currency is trading. A little relief for mario draghi. The European Court of justice has given a favorable opinion on outright monetary transactions, seen as a precursor to the qe plan that many people believe draghi will announce next week. The court has said the omt plan is legal in principle. What can you tell us about this opinion . It seems like it is a green light. In principle, theres nothing behind me in announcing quantitative easing. It seems like the last potential major road brock roadblock has been lifted. The European Court of justice said it may be legal. The outright monetary transaction, which you can read as code for ecb when you look at what is going to happen with the market and mario drag
To fall. Interestingly, not putting much downward pressure on the stock market. Also, Commodity Futures Trading Commission head timothy mass 5 2k joins us after announcing the settlement with the banks. There are some smoking gun chat room messages you have to see on this story which has some wondering why the penalties announced were not greater. Well get into that and more with Timothy Massad coming up momentarily. Two earnings are out in an hour. Cisco and jcpenney. Well bring you the numbers that could move both stocks and overall market, second they hit the tape and the best analysis on the street that all starts right after the closing bell. At t is halting buildout of fiber optics in about 100 cities in what so far is the most apparent Chilling Effect of the president s call this week to clamp down and regulate the internet. This as reports say that the fcc chair may defy the president s call for Net Neutrality citing the agencys independence. This story is a lot of moving parts
1. 7. Markets, disappointing print on gdp. Ruble slipping overnight after yesterdays rally. Futures are in the red. Amazon stock is up sharply, results beat as profits returned to seattle. Google misses stock fell 3 . Then the Conference Call. Google shares higher in the premarket. Well tell you why. And visa posts strong results, the stock split, that stock also up. But first up, futures moving lower on the final trading day of january. Gdp below expectations up 2. 6. Weaker Business Investment wider trade deficit offsetting a nice pop in Consumer Spending. Chevron, mastercard among companies posting better than expected earnings but the major indices on track to post declines for a second consecutive month. We havent do that in a couple of years. Oil shooting for serve months down gold for three months up. Crazy times. Were the opposite of europe. Europe is fantastic for this month. A great stock market. Great stock markets there. Im struggling to find what stocks are fitting the fut
Markets. Theyre a little under pressure this hour. A bit of a soggy start to the trading week. The dow currently off by 46 points. The nasdaq has gone positive though. Its up just very marginally. The s p is down by two points at 2,053. We also begin with a major meeting at the white house over the crisis in ukraine. Germanys leader Angela Merkel and president obama trying to show a union id front, but the two are at odds over whether to arm ukraine. Chief International Correspondent michelle live at the white house. What do you think the conclusion is likely to be based on what we heard today, michelle . We distanted idle have us stand idle and simply allow the borders of europe to be withdrawn at the government. Lower on the agenda was greece, but certainly of high interest to our audience. We know that there has been pressure behind the scenes from the white house or from treasury towards germany trying to go easier on the greeks as they go through this situation, this negotiation t