Its debt. We are three days from potentially hitting the debt ceiling, a move one bank ceo says would be a very rapidly spreading, fatal disease. We are on the grown in washington with the latest details. The deadlock in washington is weighing on stocks today. We are counting you down to the market open 30 minutes from now. Netflix coming to a cable box near you. A new report says the streaming Video Service is in talk with cable providers and shares of netflix are higher in the premarket. Still, no agreement on ending the Government Shutdown. Now in the 14th day. Nor on raising the debt ceiling. The biggest leaders in banking sounding the alarm at the International Institute of finan finance conference in washington. I was a moderator at that event. Jamie dimon painted a pretty bleak picture of what could happen. As you get closer, the panic will set in and something will happen. I dont know periodically when that problem starts. Deutsche bank says his company has been making continge
Lower than expected. John frankel will join us, telling us how that will affect his investment decisions, and a Famous Museum and a collector in jail. That is all part of south bees southbys. Tost up, though, we take you president obama, who says he is prepared to use his executive powers in Congress Stand in the way of his agenda. Peter joins us from the hill. Peter, will there be a reckoning tone in the president s tone quest . He is going to outline this in the state of the Union Address, and it is an effort by the white house to reassert the agendants second term after a very rough 2013. This increase in the federal minimum wage for federal contractors, short of raising the minimum wage to 10. 10 across the economy. Other things, white house advisers are telling us to listen to things like job initiatives that he might be it own,you take out on his and dealing with the issue of climate change. This go it alone strategy is not fromng rave reviews republicans, including House Speaker
June 24th and then theres oil, wow, up 16 in two weeks and well talk about why you should expect sticker shock at the gas station in a few moments. First up, as we said, the dow closed yesterdays session up 118 points and thats back from may 28. Futures indicate we are likely to open above that level and charge toward the intraday high of 15. 542. This coming on the latest message of Monetary Policy delivered late yesterday. The dual mandate is to pursue maximum employment and price stability. Currently, zee an Unemployment Rate of 7. 6 which i think if anything, overstates the health of our labor markets. On price stability, inflation is 9 which is below our 2 objective and so both sides of our mandate, and both the employment side and the inflation side are saying that we need to be more accommodative. All right, jim. Lets kick this off here. A, lets just talk welcome back. Oh, thank you. Were going to talk about your vacation a little bit later. Our faces going to get ripped off tod
Thousand is the time fnow is republicans to move past the happy talk about revenues, ill defined, of course, and put specifics on the table. The president has made his proposal. We need a proposal from them. Today president obama is taking his pitch on the road. He will be visiting the philadelphia suburbs employing Campaign Style tactics in hopes of mobilizing the public to his side. Hell be speaking at a manufacturing facility arguing that businesses it depend on middle class consumers over the holiday season. Despite all this, you see the futures today indicating higher. Dow up by about 35. Does that surprise you guys . No, i dont know. I think people still think that eventually they do what they have to do and that is talk to one another. We dont need to be i dont like the campaigning. I dont like going out and selling it. You keep telling your constituents to write their Congress People or whatever. F trying to put pressure on. 250 and above raises 800. You need the cap and all th
Imposes tough somehow the video and steel imports. Well find out whats at stake. Also coming up the migrants seeking with ending up in a. Culture takes a look at the latest documentary from swiss. Spacing. A way. Of the book. That would help them secure a Champions League spot next season but did they get him. Welcome to the program. At least twenty five people have been killed and scores injured in back to back Suicide Attacks in the Afghan Capital kabul a thought blast in the countrys south left and left and children dead nine journalists and four Police Officers on monks the dad in kabul i dont rise to the scene of the first explosion and got called by the second. Police say the first bomb was a motorbike and the second was on foot disguised as a journalist Islamic State group says its carried out the kabul blasts in a separate heads in the sense the b. B. C. Has been gunned down by a man on a motorcycle. A freelance journalist to hear candiotti joins us on the line from kabul welco