They say they will cut one of 2 million in costs. 100 million in costs. Agree to documents, pimco says gross was paid 200 million bonus 290 million bonus in 2013. The bonus is more than 10 times as much as larry fink made as ceo of blackrock. President obama has a timetable for acting on immigration. The president spoke today before leaving myanmar. I indicated to speaker thater several months ago if in fact congress failed to act, i would use all the Lawful Authority that i possess to try to make the system work better. That is going to happen. It will happen before the end of the year. John boehner has already said he will fight the president s plan to the nail. President obama will keep about 5 million undocumented immigrants from being deported. Many of them will get work permits. This story is 100 absolutely true. Onionmpany that owns the is exploring a possible sale. Founded as a newspaper at the university of wisconsin in 1988 and is now completely digital and has branched out i
Question of the bigger debt ceiling question. It is the fiveyear anniversary of t. A. R. P. 10year hasnt moved much, hovering around 2. 62. Europe showing more momentum over there as well. Our road map begins with the president telling cnbc this time the market should be concerned about the dysfunction in washington, but is the shutdown the biggest weight on stocks right now . Trouble for tesla, at least yesterday and again today the shares are falling after the video surfaced of a model s that caught on fire. Big win for bp. A federal court halting payouts in the oil spill. And some harsh words for samsung. Quote, nobody will buy this watch and nobody should. I stopped. Immediately i was going to buy one. I wonder what his opinion is on this. Hard to tell. Neutral. Day through of the partial Government Shutdown after a stalemate. A meeting resulted in no breakthrough to resolve the impasse. The debt ceiling is just two weeks ago. I think this times different. I think they should be co
A plane land at the wrong missouri plane last night. The flight to chicago midway was scheduled to land at the nearby Branson Airport with a longer runway. Nobody was hurt. Thats the good news. It is not clear whether the plane landed at the airport by accident or whether there was an actual emergency. And picking up on what becky was talking about in news around target, Neiman Marcus is saying thieves stole some of its customers payment card information and made unauthorized charges over the holiday season. No estimate yet on how many customers may be affected. Reuters reporting that target and Neiman Marcus may not be the only u. S. Retailers breached during the Holiday Shopping season. Three other wellknown retailers were hit with smaller breaches than the one that hit target using similar techniques. Walmart tells cnbc it did not suffer any Security Breaches over the holiday, so we can cross that one off the list for that. Meantime, back to becky with a lot more news on target. Tha
At this hour, at least right now, there are some modest advances. Germany up by about 14 points. Ftse up by 8 points and in france, the cac up by about close to 10 points. In geopolitical news, we are watching the situation in ukrai ukraine. The Ukrainian Government warns a ceasefire with pro russian fighters would end tonight. If the two sides failed to reach a deal on lastminute talks. Meanwhile, there are reports of heavy fighting around separatist strong holds in the eastern part of that country. Its a situation we will continue to watch. Andrew, right now, baub back over to you. Dupont is cutting its Current Quarter and profit forecast. The company says sales in its agriculture and chemicals unit increased at a slower pace than expected. Nike, posted better than expected quarterly results. The company spent aggressively on marketing ahead of the world cup. Demand for nike apparel and footwear rose. World cup, its the first time nike is sponsoring more National Teams than adidas. N
Would kill Consumer Spending by 200 billion, right. So lets not raise taxes. And in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u. S. Troops in afghanistan past the 2014 deadline. This break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. But first up congress back at work tonight after the holiday recess with now just 35 days to go. Are we any closer to a tax and fiscal cliff fix . Cnbcs own chief washington correspondent john harwood joins us now with all the details. Good evening, john. Reporter good evening, laurie, and i think we are getting somewhat closer, and the white house would count it as good news that you found common cause with their report on the impact of fiscal spending. Lets talk for a moment about whats happened on the fiscal cliff by the numbers since that early constructive meeting with the congressional leaders and the president. The numbers are all