This is the cbs morning news for wednesday, october 2nd, 2013. Good morning. Good to be with you. Im annemarie green. Well, as the federal Government Shutdown enters its second day, theres no progress toward a resolution to report. Democrats and republicans are blaming each other. Party leaders on both sides of the aisle warn the budget battle could last for weeks and could morph into an even larger battle over the debt ceiling. Susan mcginnis is in washington. Susan, good morning. Good morning, annemarie. There was some back and forth here on capitol hill, some billed proposed that take sort of a piecemeal approach to reopening the government, but most of it was finger pointing here at congress and the white house as americans across the country begin to feel the impact. Day two of the first Government Shutdown begins and theres no resolution in sight. One leading republican says the shutdown alone may not bring democrats and republicans together. Most budget agreements in the past ha
In the nonmanufacturing composite will report numbers. Not a lot of earnings today. Of that, withside the adp report, we begin with the American Labor economy go into a 30 friday morning. Betty liu will pick it up with in the loop on friday. Look at the data check. A big move yesterday. Subdued today. Still living the joy of a wonderful tuesday. 10 year yield back to 2. 69. Scarlet, you are rudely interrupting. We have the bank of england coming out with their interestrate decisions tomorrow. That is tomorrow. A little less pressure on the ecb doc tomorrow. And we have the draghi press conference. And john kerry meeting with lab rock in paris this morning. Let me give you a shot of the ruble. Heres what putin is worried about. A week in russian ruble. Here is the panic. Then we rollover. We really have not come in all that much. That is an elegant chart. By no means technically are we long ruble, strong ruble. The good news in the last 24 hours. We have look at the newspapers this morn
Unprecedented destruction. Plus. We remember Robin Williams, comic genius. The political crisis deepens in iraq. Prime minister al maliki is refusing to give up his position, and the fight continues against sunni fight nertz north. He has the support of u. S. , iran, turkey, the American League and the uk. They say his actions are a violation of the constitution. Translator i really urge you, the iraqi military, to uproot the Islamic State group. You are responsible. They are a cancer that can spread. We are all responsible for the safety and security of our country. Kurdish forces are continuing to battle Islamic State fighters in the north of the country. The u. S. Has been backing kurdish soldiers with air strikes on Islamic State positions in the area as well as supplying weapons to them, but the humanitarian crisis is continuing to mount. Thousands have fled their homes in fear of fighters advancing on towns. Britain and france pledged more aid and money to help groups in Northern
Thanks. Microsoft did indeed report its earnings after the closing bell. The companys Second Quarter profit and revenue exceeded projections. Net income was 6. 56 billion. That reflected . 78 a share. Starbucks also out with its earnings numbers. The Worlds Largest coffee shop ain reported First Quarter sales. They rose. Analysts on average have projected 4. 29 billion. And billionaire investor carl icon says hes increased his stake in appleby another 500 million. That brings his total holdings to 3. 6 billion. He also today released an open letter to shareholders repeating his recommendations as the company increased its share repurchasing program. Those are some of your top headlines at this hour. Thanks very much. Today at the World Economic forum in switzerland, u. S. Treasury secretary called on the u. S. Congress to reach a deal on the debt ceiling sooner rather than later. Our chief washington correspondent has more on the secretarys latest warning. Time becoming the enemy in th
Snow storms anymore. Reporter is it worst than you expected, are you enjoying it . Im enjoying it. All our power is underground so we dont lose power. I enjoy it. Reporter whats the plan with these today . Cruise. Were hoping a joint will open up soon er or later. Thanks for joining us. My pleasure. Reporter its a Beautiful Day here. Well send it back to you, marty. Cruise with the shoes. I like that. Massive manhunt for a suspected cop killer, christopher jordan dorner. Its just becoming daybreak at Big Bear Lake in california. That means that search teams are heading back out. Lets go to nick valencia in los angeles. Dorner allegedly has declared war, i guess is the way to put it, on police and their families. Youve been talking to the police commander. Whats the mood . Reporter well, i think it depends on who you talk to, marpt. A short time ago we spoke to a Police Officer and asked him about how hes dealing with the safety concerns and how his family is doing. He told us that his