President warned congress that he wont negotiate on the debt limit. The one thing that i think hopefully in the new year we can focus on, is putting a package like this together with a little bit less drama, a little less, and not scare the heck out of folks quite as much. Reporter but, with the sequester and other big spending issues like medicare on the table, striking a deal this year wont be easy. This is the best opportunity that were going to have to save our nation and do those things that we have to put in play. Reporter but theres not much hope for a sweeping deal this year. My suspicion is that we will you know, kick the can down the road on whatever we do in february or march, and it may be for a year, it may be for two years, but well be coming back to deal with issues like this in the nearterm. Reporter the investment market isnt putting much pressure on lawmakers to forge a longterm solution for the nations fiscal troubles, and some fear that could mean a real fix is stil
He wont negotiate on the debt limit. The one thing that i think hopefully in the new year we can focus on, is putting a package like this together with a little bit less drama, a little less, and not scare the heck out of folks quite as much. Reporter but, with the sequester and other big spending issues like medicare on the table, striking a deal this year wont be easy. This is the best opportunity that were going to have to save our nation and do those things that we have to put in play. Reporter but theres not much hope for a sweeping deal this year. My suspicion is that we will you know, kick the can down the road on whatever we do in february or march, and it may be for a year, it may be for two years, but well be coming back to deal with issues like this in the nearterm. Reporter the investment market isnt putting much pressure on lawmakers to forge a longterm solution for the nations fiscal troubles, and some fear that could mean a real fix is still very far away. The good news
Expect ecommerce will drive Consumer Habits in that direction for the foreseeable future. Reporter fedex and u. P. S. Compete with the Postal Service, but they are also suppliers and customers that rely on mail carriers to deliver some packages. Analysts say the Postal Service would have to run into far more trouble, for fedex and u. P. S. To see a big financial boost. We dont think either u. P. S. Or fedex is interested in carrying first class mail, well i should say theyre not interested in carrying it for 5o cents a package. Theyll carry it at their normal ground and express rates and theyll deliver it on a timely manner, but to deliver something for 50 cents, thats just not in the profit mandate for these companies. Reporter congress will have the last word on saturday delivery. One in ten Americans Still have no Internet Access at home. Thats a large group of voters with a good reason to press lawmakers to keep the mail coming on the weekend. Darren gersh, n. B. R. , washington. T
Expect ecommerce will drive Consumer Habits in that direction for the foreseeable future. Reporter fedex and u. P. S. Compete with the Postal Service, but they are also suppliers and customers that rely on mail carriers to deliver some packages. Analysts say the Postal Service would have to run into far more trouble, for fedex and u. P. S. To see a big financial boost. We dont think either u. P. S. Or fedex is interested in carrying first class mail, well i should say theyre not interested in carrying it for 5o cents a package. Theyll carry it at their normal ground and express rates and theyll deliver it on a timely manner, but to deliver something for 50 cents, thats just not in the profit mandate for these companies. Reporter congress will have the last word on saturday delivery. One in ten Americans Still have no Internet Access at home. Thats a large group of voters with a good reason to press lawmakers to keep the mail coming on the weekend. Darren gersh, n. B. R. , washington. T
Chest. At apples annual Shareholder Meeting today, cook said the companys board remained in quote very, very active discussions about options for cash sharing. Some apple experts say the tech giant is more likely to divulge those options some time in march. I think they can modestly raise the dividend and modestly increase the buyback without doing anything special any other sort of financing things like that. What investors are looking for is a way to use that 100 a share in cash and getting it back to the u. S. For more dividends and more buybacks. Reporter the push for apple to share some of its wealth has accelerated this year, as the stock once a market darling lost a lot of its shine. After hitting a high of about 700 a share in september, it now trades in the mid 400s. This year alone the stock has slide 17 , as the Broader Market has rallied. But hoarding cash isnt apples only problem. Theres been a growing perception on wall street that apples Growth Prospects are dwindling. T