With 2018 right around the corner, what could the f we have two reports. Diana olick on the state of real estate. But first, Steve Liesman, on where the economy may go next. A look ahead is this weeks reporter 2018 could be a year of big change for monetary and fiscal polha first, growth in the u. S. Could average 2. 5 to maybe as much as 3 as the u. S. Gets a lift from overseas growth, better domestic demand and stimulus from a tax improvement from the past several years. The question is whether those gains can last or if theyre second, the u. S. Budget deficit is likely to rise next year and will need better growth to bring in more revenue to pay the tax and finally the fed is likely to hike Interest Rates three times, as new chairman Jerome Powell takes the along the lines of his predecessor janet yellen. If growth really takes off the fed coul 2017 saw a big slowdown in the housing market. Not in prices but in home sales because there was nothing to buy. Sales slow more. Sales coul
Temperatures in the east. Is this unusual weather . Heating or cooling the economy. Thats our cover story this week. Decembers heat wave sent more than 1,000 record high temperatures across the northeast and midwest. Out west its another story. Winter is in full force with treacherous road s and packed slopes. In droughtstricken northern california, winter is more than welcome. At this tahoe ski resort, 152 inches of snow and counting. No drought buster but a boon for a business thats been dry. Businesses are seeing green and not the good kind. We need the temperatures to change or at least be seasonal so we can get the product out and get the facility open. By this time last year upstate new york was buried by snowstorms. What a difference a year makes. Buffalo broke a 116yearold record and boston which blew past its alltime snow record last year has temperatures in the 60s. Louisiana. Vegas. Nino. We have seen a recordsetting el nino pattern over the Pacific Ocean trance importanting
People calling. A lot of them because they were trying to navigate the system, themselves. And we were also out in the community and we had people come to us as well. All in all, i have to say, most of the people were very kind, very patient, very understanding. Its day 1. Obviously there is going to be some sort of glitches, and they were all very understanding, very patient. Obviously, there is always a few that are anxious. Sure to get the information. It seems to me florida has not made it all that easy for people to figure out how to deal with obamacare or to get information. Tell me a bit about this. Well, i think that people in general are just not as educated about obamacare as we would like them to be. Thats where we come in to play. We are here to help people understand the system, understand the benefits that are available to them, help them navigate and make the choices that are best for them and their families. I think overall, in general, i think the number is Something L
Welcome to al jazerra america, i am richelle caray. We are a few hours in the day two of the Government Shutdown. Hundreds of thousands of federal employs are on furlough, many federal offices are closed and veterans have stopped receiving care. Just a few hours ago, the g. O. P. Offered a measure reopen nationaNational Parks and some f the veteran a fairs, but it was defeated. Republicans cherry picking some of the few parts of the government that they like, this is a quote. From capitol hill, libby casey has more. Reporter day one of the federal Government Shutdown is about to turn in to day two. Tuesday was spent lobby blame. Back and forth on capitol hill. Senate democrats are stick to go their ledge to only support a clean funding bill. They say while they want the Government Back up and running its not worth tearing apart the federal Health Care Law. Toned the day, senator harry reid, majority leader in the senate, called on House Speaker john boehner to, quote, stop the game. A
Reserves has been cut off. Theyll have to rely on imported oil. A major storm system thats heading east across the United States has caused chaos. At least eight people have been killed because of the storm. Three in california. Strong winds brought down trees and powerlines. Winter storm warns are in effect for parts of california through today. They are the headlines, ill be back at 8 00 pm eastern. Real money with ali velshi is next. For updates go to aljazeera. Com. Jpmorgan chase, paying a hefty price for its part in the collapse. Also a small city is making a big promise. Kids who graduate high school will get free tuition. Plus beyond twitter. The search for the next hot tech ipo. This is real money and im ali velshi. This is real money. You are the most important part of the show so join the conversation with the aj real money. On twitter. J. P. Morgan disagreed on tuesday, to pay a whopping 13 trillion, 8 billion will go to settle claims made by various federal agencies. Anoth