Economy grew at its fastest rate in 11 years last quarter. 5 for the three months ending in september blew away most forecasts, in the second quarter. Its the latest evidence that the economy is now sizzling five months after it began, and the rest is continuing to struggle. Goods and services, and the Third Quarter gains came from strong spending from consumers, businesses and the federal government. Reasons for wall street to cheer and for the Stock Traders to wear silly hats. Dow jones passed 18,000 for the first time ever. The dow is up 9 this year, and the s p has gained almost 13 . The recent gain in stocks has been fueled by the federal reserve, saying that it will be patient in raising interest rates, mainly due to Falling Energy prices, keeping a lid on inflation, and gasoline prices are putting more money in the pockets of consumers. It all sounds great, especially when you consider that average housing had impressive gains in november. But lets be clear. Americans continue t
Seats and out of the building. Another Taliban Attack in afghanistan as Militants Attack a bank and kill at least six is. Soldiers are said to have are mistreated iraqi detainees in 2004. Why the new York Premiere of this film poking fun at north korea has been cancelled due to threats from a hacking group. Hello. Pakistans Prime Minister is meeting all main Political Parties to discuss how to respond to the Taliban Attack on a school in peshawar. More than 140 were killed, nearly all children. The Prime Minister lifted a moratorium on the Death Penalty on cases of terrorism. The first journalist to see the devastation in the school, there are disturbing details in her report. Reporter they were shooting from the stage . Yeah. They were shooting from the stage and then also came to the seat rows. You will see the students were trying to get out of the rows and come on the main aisle. Thats where you see most of the blood from. Reporter okay. So were walking toward an area now thats cle
They are ignoring problems in the big economy. The big thing we are trying to figure out is what a Global Economy looks like with insufficient demand and very accommodative unconventional policies. What is the endgame . We really dont know. Meanwhile, oil stocks were up today. The price of oil slid nearly 3 after yesterdays big rebound. Ibm signs more Cloud Computing deals as it tries to boost revenue. The latest deals are with wpp and thomson reuters. They could add 4 billion to ibms top line. The revenue comes at a crucial time for big blue, which recently ditched its earnings forecast. A federal judge in minnesota refused to toss out a lawsuit filed by banks against target over last years huge seven security breach. They sued target for negligence, saying they failed to protect systems, and the banks had to reimburse people for fraudulent charges. Uber has partnered with America Movil. America mobil, the Wireless Company owned by carlos slim. The right sharing app will be on all Ame
We really dont know. Meanwhile, oil stocks were up today. The price of oil slid nearly 3 after yesterdays big rebound. Ibm signs more Cloud Computing deals as it tries to boost revenue. The latest deals are with wpp and thomson reuters. They could add 4 billion to ibms top line. The revenue comes at a crucial time for big blue, which recently ditched its earnings forecast. A federal judge in minnesota refused to file out to toss out a lawsuit filed by banks against target over last years huge seven security breach. They sued target for negligence, saying they failed to protect systems, and the banks had to reimburse people for fraudulent charges. Uber has partnered with America Movil. The right sharing app will be on all America Movil phones in mexico. Raise moreking to money, a move that could value the company as high as 40 billion. Back in the day, apples ipod was king. Remember this . Ipod, 1000 songs in your pocket. Those days are back again, at least in federal court. Apple is ap
Now urging investors to be cautious. Merkel agreed to by an antibiotic maker for a . 4 billion in cash. Take your cash elsewhere and go, or pay a fee. The wall street journal says jpmorgan, citigroup, and others, the new regulations make certain types of deposits impossible. Among the clients that are infected, hedge Fund Companies and smaller banks. Fate thisl learn its week in that record 17 million team. Former colleagues could get up to 20 years in jail. Of cambridgeuchess are in town. Arriving yesterday for a threeday visit. A basketball game. Has towilliam also washington today to meet with president obama. In the meantime, mcdonalds as well. 2. 2 percent. A decline of 1. 7 , so this is worse than it that it here at Olivia Sterns is at the breaking news desk with more. , orheir breadandbutter should i say their bun and big mac. A decline of 1. 9 . In europe, the numbers are also worse than expectations. Mcdonalds also saying it thinks , thaturthquarter results will wipe away betw