Lining up in greater nbers to challenge thr partys leader, th president. Nbcs tracie pos stas us off in washington tracie, how i the white house handlinghe obama carexchange numbers coming in . Reporr well, the reality is settling in, richard. And they realize that no ones happy with this, not the critics, the predent or the white house. As you noted now, not even pporters, democrats who have been behind the health law. Today the whiteouse gets an earful from senate democrats. Nobody who supports Health Care Reform and supports suessful implementation of the fordable care act is sisfied th what weve seen out of the website. Reporter president obama continues to reassure americans. Were working overtime to make se the law works the way its supposed to. Reporter b with less than 27,000 peoe signedp for Health Insurance through the federalebsite a 106,000 overall, republican critics insist its time tstart over. Im goingo give it a grade. This was a f. Reporter lawmake say their phones are
New week. We know exactly when the United States will run out of money. Treasury secretary sent a letter to congress this week saying unless Congress Raises the debt ceiling, the treasury will have 30 billion left by october 17th and possible expenditures of 60 billion on that date. Unless the debt ceiling is extending the government wont be able to borrow money and pay some of its bills. That has business cautious as John Chambers told me this week. We see opportunities and also challenges. You know whats going on at the fed and whats going on with the debt ceiling. The impact of orders coming out of federal being a bit more challenging and the retail sales. Most of my ceo counter parts and Industry Experts are cautious. The dow and s p 500 broke a losing streak on thursday. The markets fell on friday. Nike reported earnings this week and beat analysts expectations. Blackberry may be going private. The company considering a 4. 7 billion by a private bid by fairfax capital. They are an
Well im living well i never well i never well i never [ cheers and applause ] tonight on nightline [ cheers and applause ] it is the first day of freedom for Ryan Ferguson after nearly a decade in jail convicted of murder after his classmate accused him. We are talking to the juror who says he made a costly mistake. She has been called the face of failure. Her photo mocked and memeed launching a hunt to find out who is this mystery woman behind obama care online. Tonight she opens up to abcs amy robach. Why do you want to speak out now . Thank you, thank you. And anything for a laugh . What you are watching is a joke. But it sure didnt seem like it for the unsuspecting celebrities. Yes, funnyman, sasha baron when our little girl was born, we goword. She said hert little girl no saw her first day of school. little girl bye bye made a best friend forever. The back seat of my subaru is where she grew what . announcer the subaru forester. girl what . announcer motor trends two thousand fou
We have the Major Economies aligned for the first time in a long time, all in positive growth mode and growth we think will accelerate. China is stabilizing and we think improving as well. When you look at all those markets you are seeing it. Your client with the High Net Worth of client. Are they taking money out of bonds or putting it into stocks at the expense of bonds . So far the shift thats going on and we are seeing a shift finally toward equities. It initially came out of cash. Its slowly coming out of fixed income. We think that will continue but its not going to be a flood gate opening. Its not going to be all this money flows out of fixed income into equities. What are you recommending now . What should Retail Investors do . We still say you should be overweight equities. We like the u. S. Were under wait fixed income. Here is the concern of fixed incomes. Rates will go up. Theres such a small cushion right now from a yield standpoint that as prices begin to decline as rates
Fairfax capital. They are announcing a loss of 1 billion dollar in the second quarter. Fall has arrived and so has fallen gas prices. Unleaded is nearing 3 a gallon, the lowest since january and more than 30 cents belobe last years record. The reason, record high demand rate and Falling Crude prices. Wall street has been holing its breath this week watching washington, wait to see what will happen with the fight. Theres reason to be opmistic. Keith banks is president of u. S. Trust. Its good to have you on the program. Good to be here. The market seems to be in pause mode. I guess were waiting on a number of things. The fight of the debt ceiling is expected to be a negative. Weve seen this movie before. Unfortunately. How does it play out . I think what u just described, especially the debt ceiling, we think that could cause a bit a pothole, not a sink hole in the market. We c sld see a 3 plus percent pull ckback. Even though its going to impact peoples psyche, its not going to impact