Recalling 22 million cars and trucks here in the u. S. Last year. That is a nineyear high. That, according to the national highway Traffic Safety administration, so why is this going on . Lets bring in larry prince, an auto expert. What is up with this. It sounds like every car in the world is being recalled. [laughter] it certainly seems that way. Can you imagine . 632 different recalls last year. Now, you know, when you think recall you think, like, oh the chevy, vega, you know, the awe motive hall of fame stuff. The real city there a lot of reasons for this. Mostly its because a lot of cars underneath the car are being shared now. You might have a a beetle, and your neighbor might have an audi four. They might use the same engine and have the same suspension. If therest a problem youre going to find you have a recall just like they do. Gerri im not loving this. Its all i need to get my car recalled. Does it get worst in the future . Is there something about the way cars get recalled
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Exchange. Nicole bouncing back a little bit after yesterdays selloff the dow down 236 points a loss of 2 so we are certainly in that will back at least for the close of yesterdays trading where the s p was 5 off of its highs, the is and be 5 Dow Jones Industrials 7 so it is a tough go of it you are seeing a bounceback. Dupont, pfizer, some of the names leading the Dow Jones Industrials, united healthcare, United Technologies are the names weighing on the dow, boeing softened the retailers in focus, j. C. Penney, overall the economy is something that is driving the market or bringing some concerns, the manufacturing numbers look weaker, the jobs report on friday. Back to you. Dagen the dow off of its second 300 point loss of the year and my next guest says investors better be ready for a bumpier ride ahead. Bob bauer, chief global economist at principal global investors. What problems have we really got lulled into a false sense of security and safety, what we havent seen this volatilit
Good wednesday morning. Im Marci Gonzalez in for diana perez. And im john muller. We begin with another massive winter storm barreling across the country. Take a look at the radar. Dozens of states are feeling those effects. But this storm is a bit different than previous systems this winter. Ice is the biggest concern. We get more now from abcs tahman bradley. Reporter it just wont end. Another winter storm, the second one this week, is blasting more than two dozen states. Its dumping a mix of heavy snow and freezing rain on more than 160 million americans. Im ready for it to end a little bit, so it seems like its been a lot. Reporter across the midwest an army of plows are out in full force. Snow removal crews are working around the clock. We just take the snow from the left side and we push it all the way over to the right. Reporter kansas city braced for up to 12 inches of snow, the biggest storm in 20 years. A number of cities have declared a snow emergency and canceled school. Th
Buying on tuesday. Yesterday the dow rallied 72 points, the nasdaw gained 35 and the s p 13. Gold lost 5 dollars and oil surged 1. 18. Morgan stanely pays 1. 25 billion in fhfa settlement. A nearly 1 trillion dollar farm bill is on the way to president obama. The compromise measure covers farming issues for the next 5 years and reduces spending on food stamps by 8 billion. Seattle seahawks celebrate with a parade today following a big super bowl win. Mark sebastian of swan Wealth Advisors joins us now for trader talk. Good morning. The s p 500 broke through 1745 yesterday. Are we in technical trouble here . It was a real interesting day. We broke the 100 Day Moving Average on monday. Thats going to be a technical hurdle if were gonna rally back. One key thing that changed yesterday was the vix. It absolutely got thwacked even though the market didnt rally which to me says maybe traders are less worried than the general public realizes. Critical question hereyoure a smart guy, youve bee