As for stocks this morning, lets take a look at the futures. Youll see right now that it looks like the futures are indicated a bit lower. Of course this is coming after 7 days in a row of gains for the dow. Its the first time its strung together 7 days in a row of winning streaks for the entire year. The dow futures are down by 85 points. S p futures off by 10 and the nasdaq by 28. Imports and exports both down. In the baltic. Theres a Cocktail Party and theres one to drop the baltic index which peaked in july and hasnt been this low in awhile. Were all embracing it because it helps the emerging markets and takes pressure off of us in terms of leading the world. Somebody else plays along with us, there it is. So now growth concerns again. And fisher is going to be on at 6 30 and here we are again. Is it true theres never a good time to have a baby . Theres never a good time to raise Interest Rates ever. I think any time is a good time for a baby. Its never the perfect time so just do
The contents of one mangled shipping container have largely been collected by a contractor hired by madsen shipping. Baker beach was clear by early afternoon but a coast guard advisory is still in effect. Basically telling mariners in the area that there may be containers and just to be extra cautious when transiting. Reporter this photo shot on sunday shows the metal container before it got ripped apart by massive waves. Another container was spotted near the pier in pacifica sunday. A city worker says that may have sung, but theres plenty of debris that has since washed ashore. All of the debris is pretty harmless, plastic baking pallets and styrofoam insulation from the walls of the containers themselves. All weve seen are the green plastic bins. Theres no evidence that there is Hazardous Material out there, but we do advise people to be safe on the beach today. Reporter the containers were washed overboard friday night about eight miles off shore. The pilot was transferring back to
Yuck it is on the way. That means its going to give us some trouble on the roads. We will have more on that in this busy hour. Meanwhile, we start with a shot across the bow of American Parents saving for college. Sue, fill us in bl. Thats indeed the case, and it is a big shocker for a lot of people out there. President obama proposing major changes to those 529 College Savings plans. John harwood is in washington to explain why and get to him in just a moment. First we get to sharon eperson with some of the details on that. Hi, sue. The changes are of interest of millions of families whose College Savings strategy could be affected. The 529 plans, both College Savings plans and prepaid tuition plans, have grown sharply in the past decade. There are over 12 million accounts in circulation with an estimated 240 billion in total assets at the end of last were. Thats according to strategic insight. Now, about seven million families have 529 plans, and they find the most attractive for thi
Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt through a new law known as the recovery act that was passed last summer. The law was intended to help agencies like for example, the purity wroe ricco electric Power Authorit
This change of environment has occurred, and today the United States government considers the government of afghanistan a really reliable partner. Commitments that are made are considerable. And the funding proposal of supporting Afghan Security forces by 2017 and it has reached to 4. 1 billion. Its nothing less. Its a significant issue. Its a very important issue, and also yesterday there was a new framework of our Economic Cooperation was laid out according to which 800 million were made a commitment were made, those will be spent through the afghan budget but most importantly is the flexibility that has been shown in the area of Security Cooperation, and this flexibility is going to ensure and provide confidence to our Security Forces and our people and also is going to send a very strong message to the region that this cooperation is not short term but is enduring and long term. Our Strategic Partnership is based on a very simple principle. We want the Afghan People through their S