And, folks, a key part of the estate tax, controversial tax to begin with, being almost totally ignored. Is the irs about to strike back . Well tell you about that one. We certainly will. We start with fed chair janet yellen getting grilled on capitol hill on regulating the banks and also her comments on the economy. Steve liesman, take it away with the highlights. Shes just finishing up testimony now, mandy, on the last question of the hearing that gab at 10 00 a. M. This morning that was supposed to be aboutbac banks but ended up mak news on monetary policy. Chair janet yellen told markets to wake up and get ready because december is a live possibility. What the committee has been expecting is that the economy will continue to grow at a pace thats sufficient to generate further improvements in the labor market and to return inflation to our 2 target over the medium term, and if the incoming information supports that expectation, then our statement indicates that december would be a l
Worst week in ten. Draghis comments dont add anything new. Rolls royce has a warning. Oil back below 44. Copper to a new sixyear low. Macys sending shockwaves through retail. Its not all brands. A big beat this morning from kohls. Well have an exclusive with john malone in a moment and apple reportedly diving further into payments. Pay pal and Google Wallet may be on notice today. First up, kohls up sharply on better than expected quarterly results. Comps up 1 . Retailers citing strong backtoschool sales. Comes after macys reported the weaker sales and guidance. Comps up better than estimated. Inventories up 5 but still sequentially better. The take is, given macys, this is pretty solid. There was a time when 1 comp growth would be something that i would turn to you and say, wow is that pathetic. People were looking for 1 comp growth and they gave it to us. Was it kohls has one advantage. They dont have a giant flagship store. Kohls is also trying to differentiate some of its products.
All weekend every weekend up on cspan3. Mothers,ere wives and some had children and grandchildren who became president s and politicians. They dont with the trials and joys of motherhood. The joy and sometimes chaos of raising small children and the tragedy of loss. First ladies looks at the first ladies of america, many of whom were raised families in the white house. Fascinating, illuminating, and inspiring based on first ladies series public by cspan. From your favorite bookstore or online bookseller. Each week, american historys america brings you stories. To the war, open to imposed an embargo on the United States and other countries marchg from 1973 until 1974. The embargo caused oil to jump from three dollars of to 12 per barrel. Circuit breaks a when the circuit breaks is a film made to help the American Public understand the crisis. I think its going to end with everybody changing their habits. Just start working now, otherwise we wont have time. We will be out of oil in a few
History tv all weekend, every weekend, on American History tv cspan3. Each week, reel america films. Ou brings you the organization of exporting Petroleum Countries impose an embargo on the u. S. In the 1970s. Lasting from october of 1973 to march of 1974, it caused oil to jump from three dollars per barrel to 12 per barrel. In response the u. S. Created the federal Energy Administration. Whenhe circuit breaks the circuit breaks is a film produced by the Energy Administration to inform the public about the causes of the Energy Shortage and lay out a strategy for u. S. Energy independence by 1985. It proposed increased fossil fuel production and exploration, new alternative Energy Sources like geothermal and solar, and efficiency conservation. Going to ends with everybody changing their habits. Just start working now, otherwise we wont have time. We will be out of oil in a few years. Unless we can harness the power of the sun, it will run out eventually. The power of the sun. At one tim
The embargo caused oil to jump from 3 to 12 per barrel. In response, the u. S. Created the federal energy administration. When the circuit breaks is a film made to help the American Public understand the crisis. They lay out a strategy for u. S. Energy independence by 1985. The plan proposed increased fossil fuel production and expiration. New alternative Energy Sources just such as geothermal and solar. In efficiency and conservation. I think its going to end with everybody changing their habits. Just start working now, otherwise we wont have time. We will be out of oil in a few years. Unless we can harness the unless we can harness the power of the sun, it will run out eventually. The power of the sun. At one time or other, the sun has been to man god, king, father, brother. Beyond all that the controlling force of all the lives and moves here on earth. Its fiery element would change the course of continents and sees. Would send awesome currents of your Energy Charging through the at