After a fabulous day where the dow gained 240 points, s p advanced. 82 and nasdaq climbed. 90 i got to go there. I got to explain these universes. There is a universe with a booming economy then there is a universe with a faltering economy. One of them is a fantasy the other may be reality but occasionally they bleed into each other we can go everyone freaking out about a possible recession the market was down gigantically since then, though, we got a spade of incredibly positive earnings reports from a gigantic retailer like walmart, home depot, and now target and lowes so which universe is real . The robust one that we seen this week or the teetering one we visited, the one that had me on the today show urging people not to panic panic was the order of the day remember, panic is not a strategy lets dissect these universes, please, because they are colliding here and in the end, we know there can only be one like the highland. The recession scenario that drove stocks down hard last we
Dime. There is a lot to get to this morning, jim. What do you want to tackle first . I think we have to first just talk about the fact that this is the overwhelming day. People are going to be making judgments and theyre too quick. People already decided to hate verizon and hate travelers. I think the most important this evening im seeing is the continued increase in oil, which is driving stocks, and a return to something we havent seen in a long time, which is if you dont do as badly as we worry about, your stock goes up, american express. Thats the classic example this quarter, right . When i go over what they said last night, they had a jump of 5 to 6 new Revenue Growth and they added new cards. Frankly, they just didnt screw it up. Verizon and travelers have been perfect. I cant speak travelers, i can always speak verizon. Verizon shares were up 12 this year or more. Its been a power house in what was a difficult period for stocks. Its still been benefiting. As for the quarter, it
Live coverage from where it happened jeff joins us live from San Francisco General Hospital and was critically injured being treated. Pam just been at the scene of the crash tonight with the latest. Reporter right now people starting to arrive at posts in stock in union square after less perfect tubifex that was the man right now as he concedes one of the worst of it we believe this is a pre as you can even make up the car thats been crushed in this accident San Francisco police so the Fire Department are still here right now and continuing the investigation to figure out why this started the speed down and then plug into bicyclist crash, and the cars and also the construction scaffolding. The glut of the video here firefighters trying to rescue people we of 20 people were hurt many are still in Critical Condition. This happened around 3 00 this afternoon when a tour bus lost control several blocks down the post street had a bicyclist and colliding with cars and. Taking down the scaffo
The person in charge of implementing president obamas healthcare reform law was on the hot seat today on capitol hill. Health and Human Services secretary kathleen is he begout facing hours of questions from lawmakers over the troubled insurance website and others issues as well. Several republican lawmakers on the Committee Using the hearing to make the comparison to a famous state where sebelius was governor. Well, madam secretary, while youre from can kansas, were nn kansas any mother. Some might say that were in t the wizard of oz given the parallel universe. While some think things are great. You, apparently, and you apologized and said it was a debacle, you also seem this think that the Affordable Care act is great while myself and others have a different view. And again Kathleen Sebelius, the health and Human Services secretary did apologize for the problems but that was not enough for some members of congress. Here to talk about some of the glitches that are framing these heari
8 58 p. M. , a huge object believing to be a meteor right fell on a farm. 75 years ago, martians innovated the planet or people listening to the radio thought they did. A look back at the war of the World Broadcast that caused widespread panic across the country. Good morning. Welcome to Aljazeera America. Im stephanie sy. Good to have you with us on this wednesday. Two hours from now, the health and Human Services secretary will testify. Many are saying she should be fired. Kathleen see bellous will be asked to explain the failure of the health care website. We have more on what she might say today. Good morning. You know, Kathleen Sebelius probably not going to get a warm and fuzzy eception. She has become a focal point of criticism not only for the Failing Health care website, but for obamacare itself. One of her top two lieutenants provided a warmup act. I want to apologize to you that the website has not worked as well as it should. A member of the Obama Administration apologize f