There is concern that greece may exit the euro. The Prime Minister says that early elections this month will determine the membership. The Opposition Party wants to renegotiate its debt. That could lead to an exit. Oil has resumed its slump. Prices are likely to go lower and crude is down 2 . This is the lowest point since 2009. West texas intermediate is trading at 51. Plans to oil boost exports to a record this month. Pope francis is trying to demonstrate Global Diversity of the church. He has named 15 new cardinals from 14 countries. Hedge fund founder Thomas Gilbert has been killed inside his apartment in manhattan. His 30 rural son was taken into custody after a standoff at his own apartment. Gilbert was 70 years old. We have some breaking news on germany. German inflation was just 0. 1 . The forecast was just above that. Again, the shows there is no inflation in the eurozone region , giving more room for draghi to start quantitative easing. We are going to have more on hans nicho
Car, a smartphone turns into a car on wheels, is very much at the forefront of what people are talking about. Let me just show you before we get to the news. This is how General Motors is setting up its connected car. This is a live feed of whats happening in this car and on its dashboard. Weve got mary chan, head of the Global Connected Consumer Group at General Motors, they are going big. In fact, nine of the ten Major Car Companies in the world are here at the Consumer Electronics show. A lot of these people were either delayed, some havent gotten here because of the deep freeze thats engulfing the nation, but that ice has not extended to the stock market. Take a look at whats happening, a decent day, a bit of a rally on wall street, snapping some of the losing days we have had. Cheryl casones coming up in just a minute to give us all of the market news including that big news about jpmorgan and its 1. 7 billion settlement involving the Bernie Madoff scandal. Were going to take you
Imus in the morning if you had to cut your Household Budget by 2 , would you first cut your childrens medicine . Of course you wouldnt. But the president will do just that. The white house wants maximum pain for maximum political advantage. Good morning, everyone. The white house has released a state by state list of where and who the spending cuts will hit if theyre imposed friday. A couple of examples, 350 teachers and teachers aides cut in ohio. 4200 children not vaccinated in georgia, thats pain. The president says no substitutions. Agency heads will not be allowed to lessen the pain by shifting the cuts to nonessential items. You cant do that. So as we start the new week, the pain begins friday. The markets dont care. Stocks open higher today, why is that . Because ben is widely expected to bail out the president and the economy by printing more money. What had a week. Varney company is about to begin. Ouis current pace, bob will retire when hes 153, which would be fine if bob wer
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According to court records, when a Detroit Lakes police officer tried to pull the Chevy over, it sped back up to over 100 miles per hour, passing vehicles in front of it.