And, Credit Suisse beats analyst estimates. We will be speaking to the lenders chief executive in zurich. Hello. Welcome to countdown. A warm welcome to the program this morning. It is a big day for bank earnings. Credit suisse just reported earnings for its Fourth Quarter in 2014. It is proposing a dividend and investors can choose whether to receive it in shares or cash. The banks net income beat analyst estimates at 921 million swiss francs against an estimate of 869 million for the Fourth Quarter. Be sure to stay tuned. We will be hearing from brady dougan on those numbers. Thats coming up just about an hour from now. Another Bank Reporting earnings. Societe generale is reporting fourthquarter earnings for last year. It is frances number two. Profits missed estimates. Revenue in its core consumer markets falling while its capital buffer shrank as well. You income rising to 511 Million Euros from 191 Million Euros a year earlier. Net income has increased but it has missed the 505 to
Its great. And for you, especially. It was your idea. Its great for all of us. Lets get you caught up on the business headlines this morning. Three big stories we are watching right now, oil prices are up plunge again. Main benchmarks trading at 5 1 2 year lows. Brent dipping below r50 for the First Time Since may 2011. The latest Oil Inventory data is out at 10 on 30 a. M. Today. The adp employment report is coming at 8 00 a. M. Eastern time. Then we go minutes from the latest fed meeting. And breaking news overnight, the tail of the missing airasia plane has been found in the java sea. It is the first confirmed sighting of the wreckage from the jet liner. This is notable because the flights black boxes are located in the planes tail. Jcpenney announcing its samestore sales lows. They say comps at the high end of its previous year. Microns revenue forecast mission wall street estimates. The memory chipmaker hurt by a drop in output as it upgraits grades production lines. Im not going
Want to get your take. New phone lines for you today. We fourth line this morning for Law Enforcement. How to rebuild trust between police and communities. You can also weigh in on social. Edia here is a little bit from president obama yesterday at the white house. Talking about this issue of trust. [video clip] distrust between too Many Police Departments and too many communities of color. That in a country where one of our basic principles is equality under the individuals,many particularly young people of color, do not feel as if they are being treated fairly. When any part of the American Family does not feel like it is being treated fairly, that is a problem for all of us, not just a problem for some, not just a problem for a particular community or demographic. It means we are not as strong as a country as we can be. It means we are not as effective at fighting crime as we can be. As a consequence of what i have been able to do today, thanks to ,xcellent work by eric holder proce
This is the cbs morning news for tuesday, january 6th, 2015. Captioning funded by cbs good morning, good to be with you, im annemarie green. Well, this morning a dangerously painfully cold mass of arctic air is spreading across much of the country. The high in chicago today is expected to be 16 degrees. The windchill yesterday made it feel more like 30 below zero. Its so cold fire is being used to keep rail switches from freezing. The city is considering closing its Public Schools tomorrow. Along with the cold up to 6 inches of snow is expected. Snowfall up to 7 inches was reported overnight in central iowa. And windchills are expected to reach 35 below zero tonight. Travel is not recommended. Meteorologist eric fisher of our boston station wbz has more on the freezing jet stream. What is january . As you might think, its all winter in the forecast weve been tracking snow coming down in illinois and indiana overnight. Had some in pennsylvania over towards philly and d. C. Before wrappi
This is the cbs morning news for tuesday, january 6th 2015. Captioning funded by cbs good morning, good to be with you im annemarie green. Well this morning a dangerously painful mass of colder air is spreading across the country. Its so cold fire is being used to keep rail systems from freezing. The city is considering closing its Public Schools tomorrow. Along with the cold up to 6 inches of snow is expected. Snowfall up to 7 inches was reported overnight in central iowa. And windchills are expected to reach 35 below zero tonight. Travel is not recommended. Meteorologist eric fisher of our boston station wbz has more on the freezing jet stream. What is january . As you might think, its all snow coming down in illinois and indiana overnight. Had some in pennsylvania over towards philly and d. C. Before wrapping up light snow in boston. The totals, a lot of it on the ground. Well see significant travel here just west of d. C. For the morning drive. But then its all about the cold seepi