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And were going to talk to former mayor Rudy Giuliani about that and the closing of Charter Schools and whether president obama is tough enough on russia. All that and more coming up on the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Its 7 00 p. M. Eastern, four pacific. Were live. Our first big story tonight is a criminal investigation into General Motors handling of a recall. That news sent gm shares down 5 today. Phil lebeau joins us now on the phone to give us the full story. Good evening, phil. Good evening, larry. This is a tough day for General Motors. You mentioned there are now two more investigations the company has to deal with, the latest coming late this afternoon. Word that the new york office of the u. S. Attorneys office is investigating a criminal probe into how General Motors handled the recall of 1. 6 million vehicles. We dont know all the questions that will be involved in the investigation, but it basically
Well, i. I wish it was simple. If you want to gamble with your retirement money, be my guest. Narrator tonight frontline, the retirement gamble. Frontline is made possible by contributions to your pbs station from viewers like you. And by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. The wyncote foundation. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. In this bad economy are borrowing from their 401 k s. The number of workers borrowing from their accounts has reached a tenyear high. A Record Number of workers now raiding their 401 k s. Martin smith lets begin with one simple fact america is facing a retirement crisis, an
Well, i. I wish it was simple. If you want to gamble with your retirement money, be my guest. Narrator tonight frontline, the retirement gamble. Frontline is made possible by contributions to your pbs station from viewers like you. And by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. The wyncote foundation. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. In this bad economy are borrowing from their 401 k s. The number of workers borrowing from their accounts has reached a tenyear high. A Record Number of workers now raiding their 401 k s. Martin smith lets begin with one simple fact america is facing a retirement crisis, an
Stock averages fell sharply. While worries about a possible russian invasion pulled down stocks, treesryes rallied and tenyear note fell to the lowest in a year. Stocks recovered a bit. Here is a run down to the closing numbers. The dow lost 50, a dramatic rebound from a triple digit loss early in the session and the nasdaq added 12 and s p off a fraction. For the week, all three averages higher. Its best weekly gain since may and the s p up more than 1 . Over in the bond market, investors turn to safe haven u. S. Treasuries and the yield on the tenyear fell to 2. 34 . Michelle has more on the latest developments in the ukraine, russia conflict. Reporter the markets demonstrated again today of the geopolitical concerns out there, the one most worrying to investors is the situation between russia and ukraine. Thats because russia is such a large economy, its one of the biggest suppliers of energy in the world and has deep trade ties with western europe. Every time there is an escalation