Can you tell us what kinds of things we are doing in chicago . Your agency and the federal government to help the people of the city. Director comey we are trying to focus on some of the predators who are focusing on this violence. We do taskforces, we do Drug Task Forces and as i said, we operate on an ad hoc basis to try to lock up repeat offenders. As ive look at the challenge of gun violence in the city of chicago and i see that there is if we took a map of the city of chicago and we put little stars where people had been murdered due to gun violence, do you see it as is it the whole city of chicago . I am not that worried about my grandson walking in the park i am worried but not that worried as i would be in other neighborhoods. What other dimensions relate to gun violence . Director comey i know the city of chicago pretty well having gone to law school there. The story of chicago is much like other cities. It is localized. The violence is heavier concentrated. In chicago, primar
Well xblor. A weaker than expected report on manufacturing out this morning. Will this change the feds mind about the strength of the economy . Steve liesman joins us now. Were looking at a contraction here. In the Manufacturing Sector. The belief is that fed will look through this week, at least for a while in manufacturing. The reason is because it seems the result of a crash in the oil and gas industry, a strong dollar and weak overseas growth all risks the fed knew before the report. The numbers were coming in at 48. 6, a level that is contraction in manufacturing. You need 43 for it to be a contraction in the economy. It is the lowest level since 09. New orders, production is declining. Back logs in exports remain at low levels. Heres some comments from respondents that they made public. One says the down turn in china and european markets are negatively effecting our business. Another says the strong dollar is slowing our sales to china as they can buy in europe. That gentleman i
We will go to nicole petallides. Good morning. Nicole good morning. Lets take a look at what is going on here. Lets take a look at jardin restaurants. It turns out they are not meeting the analyst expectations. Lets take a look at the stock. It is near its lows of he day. Their earnings will miss the analyst estimates. Samestore sales dropping 3. 2 . As a result, sales have diminished. How about the major market averages . The dow is higher, but the s p and the nasdaq are lower. Dagen republicans finally pulling off their own plan to deal with the fiscal cliff. Connell the white house predictably saying, no deal. The parameters are there now. We can start to imagine what a deal may look like. I think that is right. They have been adamant in saying we want more revenue. They have kept the rates down. They have had spending cuts. I think they will find a deal just over a trillion in revenue. Dagen it is a turnaround for the republicans to say that we will raise revenue. How they get to i
Missed earnings forecast amid unfavorable currency moves and shrinking margins. John lewis rings in a record Christmas Season, but the cfo resigns following a profit warning earlier in the week. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And a warm welcome to the first Worldwide Exchange of 2014. We kick off the data out of the eurozone. Manufacturing pmi, 52. 7. That was in line with the flash number a few weeks ago. It is the highest since may 2 1 2011. We did see producers reporting further growth of new orders, exports and backlogs of work says market for a good 2014 which compiled the pmi. The one concern will be france, struggling italy and spain showing signs of a brighter year ahead. The recovery may be held up by a sickly french manufacturing base. France has been back in recession. Well have to see whether that was the case in the Fourth Quarter or not. Nevertheless, european stocks just over an hour into trade in the new ye
Friday closing at 15,761. Thats after the Labor Department reported 2o4,000 jobs were added to payrolls last month. Much better than expected. Although, the Unemployment Rate ticked up to 7. 3 along with the dows triple digit rally, the nasdaq gained 62 points, and the s p 24. Gold fell below 1,300 and oil inched up 11 cents. Reaction was especialy strong in the bond market. The 10 year treasury yield made the sharpest one day rise since july, on concerns the fed made slow its bond buying sooner rather than later. And, sac pleads guilty to Insider Trading charges. The firm will pay a record 1. 2 billion dollars. Mark sebastian of swan Wealth Advisors is keeping tabs of the market for us today. Good morning mark. Good to see you back on the show. Good morning. Will we see follow through from the jobs number in the market today . I think its entirely possible. Its a bank holiday, the bond markets closed. Expect volumes to be pretty light but i wouldnt be shocked to see a little push thro