Pessimism index. Maybe it is getting a little better. The job openings are coming out about 10 00 along with wholesale inventory. Earningsmerican eagle and Dicks Sporting Goods before the bell and after the bell, caesars entered 10. This is significant three years ago today was the japanese the japanese tsunami. Thats the news. Lets do it data check. 2 and the rest are nowhere. The Foreign Exchange has a little bit of action with the japanese yen weakening. Paying attention to the ruble which is a little bit weaker as we go to the president s meeting with leader of ukraine tomorrow. 108. 50 ones cents. We did not have to scour the papers too far. On all the front pages, the lack of any sign of the missing malaysian jet was remarkable. We still dont know anything for days after. All the debris and oil slicks that people spotted turns out that was completely unrelated. The search involves nine nations and has gone beyond the flightpath and now extends to the malaka strait. Authorities ar
Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. The sequester deadline is tomorrow, but it could take months for those massive federal spending cuts to ripple through the economy. Tom im tom hudson. Those cuts come at a time when the economy is struggling to grow, the latest showing on g. D. P. Shows growth but just barely. Susie and a big Management Change at groupon c. E. O. Andrew mason is out at the daily deals site he cofounded. Tom that and more tonight on n. B. R. susie you know the economy is not very strong when analysts cheer because growth has been revised up by a fraction, from a negative 0. 10 . And with growth flatlined, economists are wondering whether the upcoming budget cuts known as the sequester will derail the recovery. The good news is the cuts will take time to be felt. The bad news, as darren gersh reports, is the cuts will build in pain over time. Reporter in terms of its impact on the economy, the sequester is really
And with growth flatlined, economists are wondering whether the upcoming budget cuts known as the sequester will derail the recovery. The good news is the cuts will take time to be felt. The bad news, as darren gersh reports, is the cuts will build in pain over time. Reporter in terms of its impact on the economy, the sequester is really more of a slow quester. The impact of the across the board spending cuts will take time to build and it could be months before its felt throughout the economy. Students of government dysfunction say this is not the same as a government shut down or hitting the nations borrowing limit. There is not that great an urgency. When we were talking about the debt ceiling, there was a real urgency, because if we got to the point where you literally cant pay the bills, thats a very big deal. In this case, well see cuts, i mean depending on exactly how the Obama Administration runs things, we may not see anything at all march first. Reporter well, not exactly not
Lights will be turned off on the 28th and he wont be there to give you a soil sample analysis. Reporter a shutdown may be more dramatic, but it probably wouldnt last long. But if the sequester does last, it would likely shave about half a percentage point from the economys growth rate and cost 750,000 jobs. Darren gersh, n. B. R. , washington. Tom darren has more on the sequester on his blog, just head to www. Nbr. Com and look for the blogs tab. Clearly the sequester is a major concern for the u. S. Economy. But today, at least, there was some good news the economy actually grew in the final quarter of last year, instead of shrinking, as was first estimated. The revised Gross Domestic Product grew 0. 10 in the Fourth Quarter. A month ago, the government thought the economy shrank that much. But a drop in Government Spending remains a big overhang for the economy this year. Erika miller reports. Reporter a tenth of a percent gain in Economic Growth is not much to brag about, but at lea
Lights will be turned off on the 28th and he wont be there to give you a soil sample analysis. Reporter a shutdown may be more dramatic, but it probably wouldnt last long. But if the sequester does last, it would likely shave about half a percentage point from the economys growth rate and cost 750,000 jobs. Darren gersh, n. B. R. , washington. Tom darren has more on the sequester on his blog, just head to www. Nbr. Com and look for the blogs tab. Clearly the sequester is a major concern for the u. S. Economy. But today, at least, there was some good news the economy actually grew in the final quarter of last year, instead of shrinking, as was first estimated. The revised Gross Domestic Product grew 0. 10 in the Fourth Quarter. A month ago, the government thought the economy shrank that much. But a drop in Government Spending remains a big overhang for the economy this year. Erika miller reports. Reporter a tenth of a percent gain in Economic Growth is not much to brag about, but at lea