Cannot be sustained. Can you tell us about you know, really strong Growth Numbers for the second quarter. Creating jobs in the past few months. But there does seem to be a disconnect and Americans Still feel like we are in a recession. What are the what is the . Isconnect we still have 50 Million People on food stamps. What is going on right now . The the economy contracted so much in 2008 and especially in the first half of 2009 that the actual output of the economy fell way below what we could produce if all the people who wanted to work for back at work, if all of the equipment was being used and so on. It has been growing for the last five euros years, but has fallen to level that is below what we had before the downturn. And that is not fast enough to put everyone back to work that wants a job. That is seen partly in the Unemployment Rate, which has come down, but still higher than in 2007 any years before that. You can also see this in the Labor Participation rate. This is just t
Approach california and what youll notice is it is hitting completely vertically. We are not talking about a horizontal component and what happens when we have a storm that hits the bay area coast like this, its going to kick up a lot, and i mean a lot, of wind. All that sheer force, all that wind moving in at once, coupled with heavy rainfall. Im going to give you an idea of the timing, but you have to consider this is not only packing heavy rain, but gusty wind. Typically you get one or the other here in the bay area and that is why we are on high alert. The entire bay area, a Flash Flood Warning that goes into effect tonight through thursday night, but i can tell you the heavy rainfall isnt going to impact the greater bay area until we get into tomorrow afternoon. Before the rain, the wind will move in. Were talking about a wind warning that starts tonight at 10 00 and lasts until 10 00 p. M. On thursday. In addition to that, we have a blizzard warning. This is in place for elevatio
The largest takeover in the history of technology. The choir has not been identified but the top list who can afford to buy the company is a small list, oracle microsoft, ibm. But who once the behemoth sale . We will talk to brent. The board has to make a decision and their decision is to evaluate that decision an offer on the table so that is why they engaged the experts to look at offer. The business that shows tremendous topline growth and also a business that has zilch forprofits zilch over the last five years of cash flow and if you look at what we know, you look at growing the business they do it by expensive acquisitions and spending a boat load of marketing and thats why theres no markets or historical cash flow. They will want topline growth at the expense of a lot of earnings and a lot of money. You have covered sales for a long time and you share my skepticism. I think its going to be tough to pull this off. This is the largest deal every tech. We also know that mark has don
The choir has not been identified but the top list who can afford to buy the company is a small list, oracle, microsoft, ibm. But who once the behemoth sale . We will talk to brent. The board has to make a decision and their decision is to evaluate that decision an offer on the table so that is why they engaged the experts to look at offer. The business that shows tremendous topline growth and also a business that has zilch forprofits, zilch over the last five years of cash flow and if you look at what we know, you look at growing the business they do it by expensive acquisitions and spending a boat load of marketing and thats why theres no markets or historical cash flow. They will want topline growth at the expense of a lot of earnings and a lot of money. You have covered sales for a long time and you share my skepticism. I think its going to be tough to pull this off. This is the largest deal every tech. We also know that mark has done a great job and i think coulter is a big thing
Stephanie and it has already been a busy tuesday morning. This verizon and aol deal tops our news in focus. Verizon to buy the house of two moms Tim Armstrong. 50 per share. Stephanie greece will pass another hurdle this week. Other payments between now they may not get that far. John kerry is in russia for his first meeting with Vladimir Putin in years. The company throwing in to the money market ring. In competition with two maybury major tech names. The most expensive painting ever sold in auction. An anonymous telephone bidder for 160 million. Stephanie a lot of news this morning. For the second time in three weeks, nepal has been rocked by a killer earth quake. 7. 3. Centered 50 miles outside of nepals capital. The jolt was felt five hundred miles away in new delhi, india. The click caused landslides in remote areas. 36 people have been killed and more than one thousand injured. We spoke to that under armour climber who rescued 20 himself. Its test vote in the senate on the contro