All of the new years losses and more on hopes for more stimulus measures in the euro zone and encouraging data here at home about jobs. Just one day ahead of the december jobs report from the labor department. So heres how the markets looked at the closing bell. The dow surging 323 points today with all 30 dow components making gains. The nasdaq gained 85 and the s p up by 36 points with all ten sectors ending higher. More on the good news about jobs. Labor department reporting first time jobless claims fell by 4,000 last kweek. Now cover near 13 year lows. Even though there wereho nearly 30,000 planned corporate payoffs in december, the Outplacement Firm Challenger Gray and christmas, overall, 2014 had the fewest number of announced job cuts since 1997. Well the december unemployment report is due out tomorrow and expected to be strong. According to dow jones, economists expect to see job gains of about 240,000 and the Unemployment Rate forecasted to fall to 5. 7 . Stewart hawkman joi
Good evening, everyone. President obama taking a strong stand today on an open and free internet. He called for strict new rules that would regulate the internet and web access as if it were a public utility like electricity or water. Specifically the president is asking the federal Communications Commission to reclassify web access to prevent cable and Telephone Companies from providing special access to some content providers. Cable Company Stocks sold off sharply on news of president obamas proposal. Time warner cable tumbling 5 . Comcast the parent of cnbc, which produces this broadcast, down 4 . Charter communications was the hardest hit, off more than 6 . And cablevision lost about 1 1 2 . Eamon jaggers has more on the president s call for neutrali neutrality. The president has gone farther today than he has before in the Net Neutrality debate. Whether or not Internet Service providers can charge different speeds or speed up or slow down service to particular websites based on wh
Good evening, everyone. President obama taking a strong stand today on an open and free internet. He called for strict new rules that would regulate the internet and web access as if it were a public utility like electricity or water. Specifically the president is asking the federal Communications Commission to reclassify web access to prevent cable and Telephone Companies from providing special access to some content providers. Cable Company Stocks sold off sharply on news of president obamas proposal. Time warner cable tumbling 5 . Comcast the parent of cnbc, which produces this broadcast, down 4 . Charter communications was the hardest hit, off more than 6 . And cablevision lost about 1 1 2 . Eamon jaggers has more on the president s call for neutrali neutrality. The president has gone farther today than he has before in the Net Neutrality debate. Whether or not Internet Service providers can charge different speeds or speed up or slow down service to particular websites based on wh
More on hopes for more stimulus measures in the euro zone and encouraging data here at home about jobs. Just one day ahead of the december jobs report from the labor department. So heres how the markets looked at the closing bell. The dow surging 323 points today with all 30 dow components making gains. The nasdaq gained 85 and the s p up by 36 points with all ten sectors ending higher. More on the good news about jobs. Labor department reporting first time jobless claims fell by 4,000 last kweek. Now cover near 13 year lows. Even though there were nearly 30,000 planned corporate payoffs in december, the Outplacement Firm Challenger Gray and christmas, overall, 2014 had the fewest number of announced job cuts since 1997. Well the december unemployment report is due out tomorrow and expected to be strong. According to dow jones, economists expect to see job gains of about 240,000 and the Unemployment Rate forecasted to fall to 5. 7 . Stewart hawkman joining us now for a preview and more
Im susie gharib. We begin tonight with a stern warning about Climate Change and the huge economic risk for american businesses and investors. Now dont think its just another warning and just another report. This one comes from a coalition of prominent Business Leaders and former president ial cabinet members leading the way former treasury secretary hank paulson who managed the financial crisis in the bush administration. In their report, Risky Business they describe the risks of Climate Change as more severe and catastrophic than the housing crisis, and the cost in the hundreds of billions of dollars. They also say u. S. Businesses are in the dark about the dangers and are urging them to take action now to reduce the impact of Climate Change. Earlier today, i talked with hank paulson and began by asking how much time do we have before were really hit with the Climate Crisis. Its both immediate and its decades away, so this crisis is a threat to our economy. Its not a financial threat,