Good morning, everybody. I am Erik Schatzker. I ruhle. Happy new year. I will wager mine was cooler than yours. It was definitely warm and beautiful and lovely where i was. But it is warm and beautiful next to my partner, Erik Schatzker. News, the top business stories of the morning. The euro has not been this low in almost nine years. The currency fell below 119 earlier this morning. There is concern elections increase this month could result in the greeks abandoning the euro, or as my partner, eric likes to say plus, the ecb is debating whether to expand economic stimulus. Do you like that . Your favorite. Oil resumed its slump today. Below 55 a barrel for the first time in almost six years. West texas in west texas intermediate is below 51. Boost exports to a record later this month. Oil production now at the highest level since the breakup of the soviet union. The president of iran says the economy cannot grow if the country is isolated. In a speech president was on call for an inc
Vietnam war. Even now, four decades later, when they see him, you know, they know he is the reason they are alive. Thank you. Stahl and they call him papa. How many children do you actually have now, and grandchildren . I just keep using the number 105. But the grandchildren, dont ask me. I cant keep up with that. Simon the phrase the greatest show on earth usually refers to the circus, but a man named peter gelb, who runs the metropolitan opera in new york city, is doing everything he can to change that. Theres no other place where you can see such monumental staging, elaborate sets, and a cast of hundreds. But the met is, above all, about extraordinary voices, some of the best voices in the world. Tonight, were going to take you backstage at the met and show it to you in a way youve never seen it before. Kroft im steve kroft. Stahl im lesley stahl. Safer im morley safer. Simon im bob simon. Rose im charlie rose. Pelley im scott pelley. Those stories tonight on 60 minutes. The next bi
Vietnam war. Even now, four decades later, when they see him, you know, they know he is the reason they are alive. Thank you. Stahl and they call him papa. How many children do you actually have now, and grandchildren . I just keep using the number 105. But the grandchildren, dont ask me. I cant keep up with that. Simon the phrase the greatest show on earth usually refers to the circus, but a man named peter gelb, who runs the metropolitan opera in new york city, is doing everything he can to change that. Theres no other place where you can see such monumental staging, elaborate sets, and a cast of hundreds. But the met is, above all, about extraordinary voices, some of the best voices in the world. Tonight, were going to take you backstage at the met and show it to you in a way youve never seen it before. Kroft im steve kroft. Stahl im lesley stahl. Safer im morley safer. Simon im bob simon. Rose im charlie rose. Pelley im scott pelley. Those stories tonight on 60 minutes. The next bi
Downgrade. Fwu given all of that, take a look at the futures right now. You may not surprised to know we have some green arrows across the board. S p 500 up about 6. 5 points and the nasdaq up about 8 points on an expectation that a deal does get done today. But, boy, things could turn around. We will see what happens. Over, over to you. I know youre waiting. I know. Were watching and waiting. I know were news people. Come this afternoon, if we dont have anything andrew, when they said two weeks ago that these things will converge, the debt ceiling and the government shut down will converge, wa did everyone say . Theyll probably wait until the 17th to do it. Today is the 16th. But tonight, its midnight tonight is the no, i know. You know that theres the slightest bit of breathing room. You know that. I think theres a decent chance we get to tomorrow and maybe the house votes tomorrow. Look, and yesterday, once again, was humiliating for boehner. Remind he me of do you remember plan b .
Position for president s of the future to take because our economy is extremely dependent on the faith and credit that is invested in it by investors around the world. In other words, there is a real even if intangible value to the safeness of investing in the United States. As weve discussed many times over the past days and weeks, threatening that, you know, does real harm and obviously default would have even would cause even more harm. Weve already seen there is already a price that has been paid as we saw in october i mean in 2011 and weve seen again now in the various ways that the flirtation with crossing that line and flirting with default has brought about cups quencompanieses. He feels its the right position to take and applauds the leaders of the senate for coming together and working out a bipartisan solution. Is there any concern even with this deal being made that a downgrade from some of the Credit Rating agencies can still be pending . Well, i would refer you to tr trea