Overall. Let me read to you from the minutes to a majority of participants judge that the participants he was declining even though purchases to continued. What were they worried about in terms of costbenefit analysis . The minutes go on to say participants were most concerned about the marginal cost of additional asset purchases arising from risks to financial stability. Financial stability. In the end, they decided to by 10he tapering million per month. There was a healthy discussion about whether Economic Conditions were sufficient enough. Let me read you more from the minutes other participants preferred a larger reduction. Future reductions they would like to see a more deterministic path of the taper going forward. More guidance to the market as to exactly what the pace would be and when the entire thing would be wrapped up. We did not get that at the end of the day. There were other discussions in here about the Forward Guidance language. There was some discussion lowering that
This is the cbs morning news for thursday, january 9th, 2013. Good morning. Good to be with you. Im annemarie green. We begin with a political scandal engulfing one of the gops rising stars, new jerseys governor Chris Christie. Emails show that a major traffic jam was manufactured as political retribution. Christie says he knew nothing about it. Last years closing to the bridge in ft. Lee, new jersey, created a traffic nightmare for commuters. Now the scandal is raising questions about christies National Political ambitions. Marlie hall is here in new york. Marlie, good morning. Reporter annemarie, governor Chris Christie still maintains he had nothing do with the traffic tampering, but this could be the biggest test of his political career. New jersey governor Chris Christie says he is outraged and deeply saddened that a member of his staff and associates were behind a major traffic jam at the George Washington bridge last year. Newly released emails and Text Messages reveal christies
The decision to split the company was a right one. Well be able to maximize on the capital opportunity and in life solutions. So in a way, its a journey and this is the right time to take the decision to separate philips into two gross companies. Shares of adidas get a kick out of a report that they could be bought for 2. 2 billion. Youre watching Worldwide Exchange bringing you Business News from around the globe. And welcome to the show. It seems like a crazy week of volatility last week. One of the big factors is that weaker german data we had two weeks ago, and yet germany, the dax, ended last week in the green. Amazing. We had to take a step back with the markets in correction territory. Still down 10 from the recent highs despite the move to theup side last week. So still a lot of pain for the German Markets. Of course, and volatility across the board last week. The big question is what is going to happen in equity markets this week. Absolutely. On that note, do you think jer man
Melissa your fault, washington, 70 of americans say the leaders are hurting the nation. You know, 77 of americans saw their taxes go up this month as well, even as calls grow louder for more tax hikes. Lori live tv on your smart phone, and how they plan to be number one. Liz claman live in the Consumer Electronics show in las vegas with the ceo of dish, joe clayton. Busy hour. Lets get where the markets hour on the floor of the New York Stock Exchange with nicole watching narcotics as we kick off watching the narcotics as we kick off earning season. The dough dow is to the downside, down 85 points now. Boeing down 3 , caterpillar, verizon weighing on the Dow Jones Industrials. Awaiting on alcoa to be the first to report the earning season, and, affect, so many names we are watching closely, however, right now, we are certainly right near the lows of the day, and the nasdaq down after a percent like the s p 500. I want to take a look at the retailer, sears, in particular, which we tack
For a special holiday edition of Nevada Built, we're treating you to a behind the scenes look inside a small family owned Summerlin shop creating designer chocolates.