Timothy geithner talks begin with the 20072008 financial crisis as president of the Federal Reserve bank of new york and later as president obamas treasury secretary. This is about one hour. I have a Pretty Simple question to start. Why did you write your book . Olga komyagina write the book . I never thought it would. Because i the hard time sitting still and it takes a fair amount of patience to do it. But i wanted to give people a sense of what it was like to every chance to look at these choices we face through our eyes. It has they were pretty bad choices. I think its hard for people to understand why this was necessary, why it was sensible, why suddenly the alternative. Ever thought that was worth a shot. I wanted to give our successors, because we will face a financial crisis in future, and their devastating, i want to give our successors a better framework for making these choices. A better understanding of the mix of things we did, what worked, what didnt work so that when the
Learning a vote on the debt ceiling coming as early as next week. The details of the bill and reaction from peter welch straight ahead. Ashley one american remains missing in the u. S. Says they will not go she ate hostage swap with terrorists. Stephen hadley is our special guest this hour. Ashley Energy Companies facing off against a formidable opponent. They are losing. Ashley do not mess with the chicken. That is all i will say. Especially with the prairie chicken. Time for stocks now as we do every 15 minutes. Nicole petallides. Nicole we are not to far off the unchanged line. You sneeze and you are in the positive territory. Intel has been weighing on the Dow Jones Industrials. That has been one of the Things Holding them back. The s p 500 right around the five year highs but pulling back as well. We have had earnings. You have Morgan Stanley moving to a 52 week high and seeing profits rising in the future. That was some positive comments there from Morgan Stanley. It is up 7. 7 .
Was it just for the heck of it . Is it related to the santa clause subway thing that they did . No idea. Melissa i dont know. Well, that is all the money we have today. We will see you back here tomorrow. The willis report is up next. Gerri hello, everybody. Im gerri willis. President obama pushing for Immigration Reform, democrats say that will be up top priority in the near term. Some speculating that obama will lay out the plan next month. Also, remaining as someone security secretary. So far, both sides of the aisle are disappointed in how the president has failed to address Immigration Reform his first term. Will president obama second be any different . Turning me now, congressman bob good lad, chairman of the House Judiciary Committee which oversees Immigration Reform. Okay. Congressman, we have a list of things that apparently the president wants to push for, one requiring businesses to verify new employees in the country legally. Two, create a Guest Worker Program of lowwage i
His company is in the news trying to build a store in newark new jersey. What does walmart do now why is the company talking to us tomorrow . Find out. Good night. Gerri hello, everybody. Im gerri willis. President obama pushing for Immigration Reform, democrats say that will be up top priority in the near term. Some speculating that obama will lay out the plan next month. Also, remaining as someone security secretary. So far, both sides of the aisle are disappointed in how the president has failed to address Immigration Reform his first term. Will president obama second be any different . Turning me now, congressman bob good lad, chairman of the House Judiciary Committee which oversees Immigration Reform. Okay. Congressman, we have a list of things that apparently the president wants to push for, one requiring businesses to verify new employees in the country legally. Two, create a Guest Worker Program of lowwage immigrants and three, make immigrants seeking legal status pay fines and
The chart, that word was optimistic about congress coming together on a budget deal and the buyers poured in. President obama took the mic about 19 minutes later the market hesitating at that point, the president said he wanted to get things done by christmas. And then the Federal Reserve look, it did not dim the hopes of the bulls. They talk about the economy standing at a measured pace with moderate consumer spending. Optimistic and moderate to words they relate. The true standout today. Costco with the onetime dividend taking the stock to new highs today. This has been a really beatendown name up sharply, and coach is looking pretty fashionable as well. Look at gold colored one point it was down 35, it is losing some of the shine, oil taking a hit down to a oneweek low, budget concerns on crude, and we will see right now what is going on with gold. Lets see what they make of the midday reversal. Closing higher, just one big year. This unique group and the nymex, this is pretty signi