Carol massar. Puerto ricos electric Power Authority has negotiated with creditors to push off repayment of bank loans until july 31. The islands main provider of electricity has until months end to repay some bank lines of credit. It uses those to buy fuel. The authority has 8. 6 billion of debt. Petsmart investor Longview Asset Management calling for the pet supply seller to consider a sale. Longview says petsmart would be more highly valued by private holders than investors in public markets. And that is a look at some of monday. Headlines this back over to you. Thank you. The Transportation Safety administration is prohibiting batterydead electric devices at airports. Your smart phone has to have some battery life in it in order to board the plane. With more on electronics, i am joined by ziklag systems founder Tom Malatesta who joins me from washington. Ziklag is behind the socalled fortressfone which boasts a selfdestruct button. Tom, great to have you with us. Can you tell people
Details. But first, lets get headlines from my radio cohost. Thank you so much. Shares of yahoo are rising in afterhours trading. That after the company set its First Quarter sales top estimates. The latest numbers may indicate that the turnaround effort under the c. E. O. Is having some success. Intel also reporting after the closing bell. The Worlds Largest Semiconductor Maker forecasts second Quarter Sales that may xceed estimates. Intel chips are used in more than 80 of the worlds p. C. s. Nd c. S. X. Is seeing better than expected profits. Earnings excluding a tax benefit worth 38 worth 38 cents a share. Thank you very much. General motors chief executive says that the massive safety recall took too long to enact and that General Motors has begun shipping recall parts, that happened last week. She made the comments at the National Automobile Dealers Association today in new york. Lets listen. We know the world is watching and we know well be judged by our actions but i can tell yo
Morning with the Economic Data in u. S. At 8 30 a. M. Then a tertiary index and Industrial Production and capacity. On the schedule today for companies, its the first day of the skifor montclair, fashion manufacture, up 41 in its milan trading debut. Draghiesident mario speaks to the parliament this morning. Lets do a data check. Futures are doing better after a challenging week last week. The euro is up after a poor showing end of last week. The twoyear yield is higher. It is a risk on field to the american economy. Chart to get your economic week going. The fed will have an important meeting. Overl sales go way up 2007. Our Industrial Production is way behind . You have different grades of manufacturing like utilities in that ip number but manufacturing is way down from where it was. It is two separate economies. We are buying more stuff from overseas. Stay tuned for our full coverage of the fed meeting tuesday and wednesday. Here is scarlet fu. We talked about a spirit of compromise
Lets take a look at yum brands. 74. 75. They get about half of its revenue from china. Not looking so good. Traffic in china stores down about 9 . That is a big deal. The company issuing a negative outlook for china. Lowering their guidance for all of next year as well. This is a loser today. As for all stocks, mixed, cautious. We do have markets of except for the dow. Connell you are right about the end of the month. We have 31 days on our countdown. It seems like the fiscal cliff situation will never end. Monica crowley want to tell us what will happen here in washington. Nobody really knows what the next move will be. Both sides are pretty firm in their position. For anyone who thought that barack obama may move to the middle in his second term or be willing to compromise, we now know that is not true. Connell that is out of the window, and your view. Yes. Connell the democrats will argue, this is nonsense. This is who the president is. This is what he believes. My book is complete
Sat in the main room, the same room, and they were somewhat solicitous of each other. President obama talked about the need for peace. Benjamin netanyahu talked about his support of a twostate solution in the region. They shook hands and their body language, i would say, was even somewhat gentle toward each other. I would say, yeah, absolutely, compared to their posture in the past. President obama made make no mistake, he did point out when he said its no secret these two men have not seen eye to eye at all when it comes to the United States and other countries negotiating that iran nuclear deal, but how they Work Together Going Forward to prevent iran obtaining and creating a nuclear weapon, president obama says thats an area where they can find common ground. Lets talk about this really mow men to us meeting. Highly anticipated meeting at the white house. Lets bring in our Global Affairs correspondent elise. You traveled with the Prime Minister Benjamin Netanyahu from israel to the