Here are the top stories we are watching. French air accident investigators looking into yesterdays german plane crash saying voice recordings survive the impact. They say this will lead to clues in seeking to explain the tragedy a full analysis may be months away. Graces Central Bank Governor speaking in london. He said greek banks must actively manage stressed loads. We will have more later in the hour. Facebook opening its messenger chat application. The app will be opened to businesses to communicate with customers and to make reservations. We have got less than an hour until the close of trading. We are looking at some of the action. We are seeing a selloff that seems to be accelerating. It seems hard to find out why. The tone hasnt changed much. Moving ever farther away from matching the record high. Chip related stocks are getting hit. Ibm, intel, microsoft. We know intel tells us the cycle has come to an end when it cuts its sales guidance. He analysts are talking about weak de
Nasdaq, and google was 2,000 and the s p 500 holding on to fractional gains at 1803. Watching hewlettpackard can pop with its quarterly numbers beating the street, mixed bag, citigroup says they have 30 more upside, Goldman Sachs keeps the celebrating so were watching that as well. Commodities are to the downside. Oil below 92 for the First Time Since june so we are watching that story closely as well. Dennis lets talk about the wintery weather, weather making its way to the east coast causing several headaches for a lot of people on the busiest travel day of the year. Accuweather meteorologist pilotpoint is tracking the storm and jeff flock as the latest travel delays. Where is the storm heading . Is it getting worse . Luckily traveling in the eastern u. S. There have not been a lot of fun but thankfully the worst has already occurred. Many of us will be looking at improvement over the next 24 hours but lots to talk about on the busiest travel day of the year, retain close it to the c
The level is 16. 67. Down more than 15 . Yesterday, the vix hit 21. It has certainly calmed down. Hoping for a coup by jan moment in washington, d. C. Lori lets get more on that partisan logjam. It is finally showing signs of easing. Rich edson with his exclusive reporting. Rich House Republicans will present president obama with an offer. If bars treasury from extending that. He is taking nothing off the table. It is time for leadership. It is time for negotiations and this conversation to begin. I would hope that the president would look at this as an opportunity. Rich jackboot disagrees. I think prioritization is just default by another name. It is just saying that we will default on some of our obligations. By definition, if we do not have enough money, we will be in default on our obligation. Rich he also says it would be difficult to reprogram computers to pay some bills, but not all. Lori we want to go into peters report. What is the take at the white house . Peter jay carney is
The precious metal bouncing back into the green. It does touch one month lows in trading but todays game was not enough to make of earlier losses gold finishing the week 1 lower. It is still just above 1700, 1,705. 70 for one ounce. Technology worst performing sector. Many social media stocks of bucking that trend. Yelp, facebook, zynga and groupon up 23 . Dave facebook pushing close to 30. A lot of people happy about that. Michigan lawmakers passing right to work bills despite protests. A longtime supporter of right to work was, Michigan State senator is here with the inside story behind the move that took a lot of folks by surprise. Right to work in michigan, the home of the united autoworkers. The stakes are changing. We will talk to him coming the. Oppenheimer fund economist Brian Leverett on the 6040 portfolio. He says it will bring you profits beyond the fiscal cliff. Dave an exciting our coming up. We will tell you what drove the markets today with todays data download. Of next
Microsoft. We are seeing a lot of these names on the move. These big guys are making there move. Another one that we will be watching for later. Back to you. Ashley breaking news. The house will vote on a bill will allow american to have their insurance canceled to keep their plans. Rich edson is on capitol hill with what this means. The strong. Reporter its up for a vote next. The voting youre looking at as part of an effort to try to kill the republican proposal within the next hour so we expect the house of representatives to pass a bill that would allow Insurance Companies to continue offering the plan to everyone from the face of mostly because of regulations written into obamacare. The president has a similar administrative action that he announces today. As for why, they say you cannot do it administratively and you need to change the law. A 1year extension. Rather than forcing people into the exchanges it allows them to keep what they had. There is in essence of the president b