And it was worth it or not. Has received how he quite a following which includes the music mogul jayz. All that and more over the next hour. But first headlines from carol massar. After the close of u. S. Training, lower fourthquarter profit. The companys declined from the power plants it is building in the southwest. Falling to 65 million from 150 4 million earlier. The stocks are falling in afterhours trading. Dreamworks posted fourthquarter revenue that missed analyst estimates. Video sales fell short and fourthquarter results including a charge of 13 point 5 million related to the performance of turbo which was released in theaters. Morgan stanley has agreed to pay 275 million to probe into the sale of Mortgage Backed securities in 2007. This hour, the u. S. Senate panel is releasing details of the twoyear investigation into efforts Credit Suisses to dodge the tax man. Will feature top officials from the Justice Department. Peter cook has got the details. Credit suisse is about to
Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The bulls off to a good start, the dow jumped more than 100 points and closed at 16,207 and the s p hit 1858 before pulling back and closing at 1847. Thats a point away from its alltime closing high. And as we said, the nasdaq reaching a 14year high before closing off its best levels. Jim, you said last night you would try to play the role of the skeptic. I do not like to see the nasdaq at a 14year high. I took to heart some of the comments we said on yesterdays show which is when you Start Talking w
Dragging fun club because the Public Perception is that is what we are. And if i can stress one thing, and i saw mr. Samuels trying to stress it, and i would also. At one time early in my Law Enforcement career i may have had that same impression, but i have to tell you that overall i have never seen a more dedicated professional group of men and women at risk their lives and do it because they want to have a Safer Community and put themselves at great risk to do that. That aside, like any large bureaucracy envy tend to be the largest in any state or close to it, you end up with problems. It is how we react to those problems. That is why right now when i really appreciate what he have done by calling this hearing in miami participate because i can tell you that i dont know of any state in the nation that is not taking a hard look at their administrative segregation policy. You have really brought to the forefront. We all understand that as professionals the movement is this is not the
Out there is no question a great deal of progress. Adding 2. 4 million jobs marks the third Consecutive Year of job growth from february 2010 private employment has risen in 47 consecutive months for a total of 8. 5 million jobs. We think of the ups and downs with the employment data. You can see steady consistent job growth at a pace of about 190,000 private sector jobs didnt November December the resawed job growth faster than that pays. December and january it did not come up to that average for a variety of things whether the whether seasonal factors or normal boy is sid measurements that bounces around from month to month with that moving average has barely changed. With that volatility of jobs numbers is very much in line with the magnitude of that probability prior to the recession. The progress the last year was notable in part be coz of the steep decline in the federal budget deficit was the major had planned. The next figure shows the largest for your reduction of the deficit
Its amazing this has become a cultural landmark in washington and we are proud to have been partners for the last seven years and we hope for many more. We really enjoyed putting on these kinds of events together as mr. Said we really do share a mission of providing a forum for discourse marketplace for ideas in a place where people can gather and join each other in thinking about the issues of the day. Just for those of you and i think most of you how many of you to follow in mr. s track is then in our store on connecticut avenue . Those of you who havent those of you who have been know we have four and 75 author events in the store each year pretty much one a day and often two or 3a day so check out our calendar and you can truly find something youre interested in and hopefully will he see you on upper connecticut avenue. Its such an honor and pleasure to host senator elizabeth warren. She is here as you know discuss her new book a fighting chance. I have to mention we learned a litt