over a million people are without power from texas to the east coast as bone chilling temperatures kick in. more than two hundred million americans are currently under warnings or advisories. this massive winter storm is causing holiday travel chaos. transportation secretary buda jen says it is going to be days before this gets sorted out. yesterday, about 10% of flights canceled. now, of course, that means 90% of flights were not canceled, but, you know, if it goes above two percent, we consider that a lot. so 10% means just a lot of disruption for a lot of passengers now getting back to normal. but we re seeing, again, over the middle of the country that extreme cold and then the east that that wind and snow coming. it s going to be rough for certainly the next couple of days. when it comes to aviation. so far , over twenty six thousand flights have been delayed and nearly 9000 canceled since wednesday. mike tobin is at o hare airport in chicago with the latest. hi, m
Earning is the big driver today. Despite that, p g, having a positive impact on the dow. 3m is your biggest threat. Im michelle carusocabrera. Here is what else is on the menu or happening this hour. Ibms board approving Quarterly Cash Dividend of 1. 40 a share and announcing a 3 billion stock buyback program. Consumer confidence taking a big tumble in october, the conference boards number, its index falling to 98. 6. And in the meantime, home prices jumping in august to near record levels. But we begin first with what is going on here with lets get to Tyler Mathisen i see what were doing. Welcome, everyone. Tyler mathisen is with us from cnbcs net net summit at the New York Stock Exchange. Well get to him in a bit. Lets start with the outrage today over health care and your money. The average premium on the benchmark obamacare plan jumping 25 . Year over year. Dan mengin joyn mengin joins us. I see there are some states where they have risen 60 , 100 . Yeah, arizona, for example, that
The basic science knowledge. Testimony point out that we need to know these things. There are other societal benefits. Isnt that really the way we should think of going . If dark basic expansion of knowledge through a government funded entity like nasa is that the way we should go . My personal feeling is there is a tremendous value over time that has come close from demand i do believe robotics will be on the time scale of the next 20 years as or so. Probably as they make predictions, which is always hard. It will have more Economic Impact on how we were driving our cars and fly our planes and how research is being performed. It is my belief if you go through 30 or more years, that prediction will be a lot tougher to make. Want to put the human in the loop and go to places where you do not know where you are going, and two exploration the help of sun cover aspects of our experience and did all aspects of technology that will have tremendous impact. Even though they examples you mentio
The americans tax rates are going up. The americans paycheck will get a lot smaller. That would be the wrong thing to do for our economy. It would hurt middleclass families and it would hurt the businesses that depend on your spending. And congress can prevent it from happening, if they act now. Leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass both houses in time. But, if an agreement is not reached on time, i will urge the senate to hold an up or down vote on a basic package that protect the middle tax from the income tax hike, extends vital Unemployment Insurance and lays the groundwork for future progress on more Economic Growth and deficit reduction. I believe such a proposal could pass both houses with bipartisan majorities, as long as these leaders allow it to come to a vote. They still want to vote no, let tax hikes it the middle class, that is their prerogative. But they to let
Rise on the wealthiest households while protecting the vast majority of americans from tax hikes set to hit in january. Welcome to the saturday edition of and the washington journal. For the first 45 minutes of the program we are going to be talking about senate negotiating a fiscal clifts deal, what has been going on on that half of the capital. See what they are talking about and how things are going. We want to get your input and your part of the conversation. You can reach out to us on twitter. Facebook, facebook. Com cspan. And you can send us an email. This is more from the article, the lead story in the washington post. They ride, the development marked a breakthrough after weeks of paralysis. Joining us by phone is one of the authors of that article, and, laurie, welcome to the program. Tell us, what kind of a deal did the president offered . What is new in the negotiations among the senators and between the senators and the white house . Caller there does not appear to be anyt