Percent. The west coast ports are due to reopen today. Part of a lengthy labor dispute between shippers and dock workers union. If theres a shut down, the National Retail federation warns the u. S. Economy could face a hit of 2 billion a day. I asked jack lew about that in our interview. President obama will meet with Angela Merkel today. Theyre expected to discuss issues like russia ukraine, international trade, and Counter Terrorism efforts. Chinas imports dropping 20 from a year earlier. The steepest decrease since may of 2009. Exports down more than 3 . In europe the story is all about greece this morning. The countrys new africanamericanPrime Minister he promised to reverse some of the reforms imposed by greece by the international lenders. Setting up another standoff with the u. N. Back at home glean prices are riseing once again. The coverage cost of a gallon of regular jumping 13 cents in the past two weeks to 2. 20 and she warns the trend likely to continue. Prices still 1. 10
Plummet plummeted. And the dollar turned around. Weak data out of the u. S. Earlier this morning. All kinds of moving pieces. One stock bucking the trend behind us at the New York Stock Exchange, go daddy. The stock prices last night above the expected range and traded for the first time today with a symbol gddy. The investors liking it as much as their racy commercials. Should investors go for go daddy even at these levels . You had a rather eventful morning. They took over the New York Stock Exchange. There was a huge crowd. You even had Danica Patrick doing pushups on the floor. Picture that. Doing pushups on the floor of the New York Stock Exchange. At the same time we were talking to the ceo. I will bring you some of those comments. Well check out the post. It has managed to hold its gains, 30 gain. Walmart inserting itself into a political controversy asking the governor of arkansas to veto a religious freedom bill. The governor sending the bill back to be rewritten. Well get to
Switzerland after the Iran Nuclear Talks stretched through the night in a marathon session. Officials say discussions are now focused on whether the u. S. And eu would agree to ease sanctions apart from those of the u. N. In political news indiana lawmakers expected to announce a deal today to alter the religious freedom law. The legislators want to ensure the rules dont discriminate against gays and lesbians. Well have a live report in about 20 minutes. On the economic front, three reports of note weekly jobless claims International Trade and factory orders. In Corporate News micron warning of lower revenue. The chip maker is willing to hold inventories longer in light of weaker customer demand for electronics that uses technology. The wall street journal meanwhile reports that the European Union is preparing to file antitrust charges against google in the next few weeks. Just works too well. The paper says the eu could fine the company up to 10 of its annual revenues and in other new
What did the bankers know, when did they know it and what is their responsibility and liability. And a closer look at the unespecialun especial employment picture, looking at what may become a crisis. Millions of americans lose the extended benefits but millions more are expected to be impacted this year. By the loss of the benefits. Do the jobs these workers need even exist . First, lets check in with sue at the new york stock exchange. We have a lot going on today in power lunch. If youre just tuning in, lets get you up to date on the markets. The Dow Jones Industrial average down 43 points at 16,426 and change. The s p 500 and nasdaq down 20 points, the biggest percentage downsized index right now. As for the gold market, after a volatile week last week, were up two bucks. Most of the metals markets hanging flat right now. In terms of Interest Rates, after bumping up against 3 last week, the ten year right now was traded last on the yield 2. 95 and brent crude last traded on the ups
Ability to keep their kids on their Insurance Plan till theyre 26 1,000 500 discounts on Prescription Drugs for seniors on medicare. So, 85 of the population whether they know it or not over the last three years have benefitted from a whole set of the provisions of the law. By the way if it were to be repealed, you would be taking away all those benefits from folks who already are enjoying them. You had this subportion of the population, 15 , who either dont have Health Insurance or buying it on the individual market. And thats still millions of people. And what were doing is creating a marketplace where they can buy insurance and we can provide them some tax credits to help them afford it. The basic structure of that law is working. Despite all the problems. Despite the website problems, despite the messaging problems, despite all that, its working. And, again, you dont have to take my word for it. Weve got a couple Million People who are going to have Health Insurance just in the fir