Good morning, everybody. I am connell mcshane. Where are the spending cuts . Now, the president may want to pull the rug out from under them. We will tell you who has the leverage. We are all expected to get something less in our paycheck. How much the government takes is the question. Cash only. The vatican is not in line with new regulations. The pope can only accept your cash donations. The actor Patrick Dempseys new business is coffee. He is taking on starbucks. All of that is going on today. Plus, it is a jobs friday. We start off with nicole petallides. Nicole not too far off the unchanged line. It is just not good enough. Americans are still waiting for jobs. The nasdaq and the dow pulling back a little bit. Today lulu lemon is down. At the same time, they upgraded under armour. What is interesting, though, when i was looking out lulu women, over 52 weeks, it is up over 44 . It has been a stellar performer. It has gained in popularity. Connell thank you very much. There is fresh
Hundreds leaving their condolences on our face book page. You can join on facebook. Com abc 7 news. A crew is in South Lake Tahoe now where the investigation is focused. Hell bring us a live report coming up on abc 7 news at 5 00. Moving on, a brief Court Appearance for 26yearold luis hernandez, the man accused of committing san joses final murder of 2012 police say he shot and killed 36yearold christopher soriano. Reports say hernandez was told by supervisors to detain soriano believing he may be linked to car burglaries at that complex. Police say vigilante acts are not justify ootd man arrested for crashing into a car, killing two people and injuring another made a Court Appearance today. David morales faces two counts of murder. Abc 7 news is in court and here to tell us more about the injured young man and the familys plea to allow the family to travel to see him. That is right. The family contacted thus morning to ask for help in bringing his father to San Francisco. He lives in
Mislead filmmakers to show that perhaps torture was involved. And details in the highstakes trial weve been covering, the one of the woman accused of killing her boyfriend after he broke up with her. The strange call she made to a detective the day after the body was found. It was played in court yesterday. We have the very latest on that case coming up. We also have an astonishing medical mystery this morning. The High School Basketball star who cannot celebrate victories with his team because he has to rush to the tanning bed on doctors orders. You can see it there. Okay, were going to get to that. Lets get to josh and todays top headlines. Good morning to all of you. Were going to begin with the first major report on how the u. S. Economy is doing. Specifically when it comes to creating jobs. And theres some encouraging news. Weekend gma anchor Bianna Golodryga here with details. The Labor Department just reported that the economy created 155,000 jobs in december. Led by manufacturi
Youre watching First Business financial news, analysis, and todays investment ideas. Good morning. Its friday, january 11th. Im angela miles. In todays first look its an s p 500 hundred party the s p closed at a 5year high yesterday. Financial stocks were among the leaders. Just as wall street is making gains, American Express is sliming down. The Company Revealed its cutting 5,400 jobs. The stock edged up 1 on the news after the close. And Vice President joe biden says he will have recommendations on curbing gun violence by tuesday. John brady of rjobrien joins us now for a closer look at the market. This could get interesting today. The s p 500 crossing 1470. What does that mean to traders . I think from a technical perspective its suggests the market is strong. We are heading into earnings season, where earnings season expectations are rather modest given so much concern about the fiscal cliff last quarter. So, technically the market looks pretty strong. Now the hope is, of course,