The stock market is telling us to be ready. We had our fifth straight decline today. Dow seeking 68 points, nasdaq declining. 12 . We know thats because theres been too much good data lately. It should be that, no, good data. Because we are in a good news is bad news environment. This is good news moves Interest Rates higher. Whether the fed likes it or not remember, the fed wants rates down as more jobs can be created. But at a certain point, you have to ask, arent more jobs being created . The fed stops trying to keep Interest Rates down or stops being able to. Its a fore gone conclusion the whole stock market will decline regardless of what the fed says or does. Thats been the case before even as the last late runup t. St going to be the case again. Im not debating that. There are tons of reasons why stocks could. We know riskfree bonds that generate returns of 3 on the tenyear treasury and 4 on the 30year treasury. A prediction of where well go on the employment number. Will, indee
At this hour, we are hearing that several people have been hurt. Well bring you to the pentagon for the latest on this story, just ahead. Also breaking news ahead. The former mayor of new york, ed koch has died. He was 88 years old. A look at his legacy this morning. A controversial, combative, confrontational and brash mayor, and the people of new york city loved him. Well tell you about that, straight ahead. Christine. And the first jobs report of 2013 released in an hour and a half. The numbers for you, what it means for the health of the economy and the jobs market. And the defense secretary nominee on the defensive. Chuck hagel grilled on capitol hill. Did he blow his shot to convince lawmakers that hes the right man for the job . Friday, february 1st, and starting point begins right now. Welcome, everybody. Breaking news, we start with. Two people have died, several people wounded in explosion that has taken place outside the u. S. Embassy in ankara, turkey. Chris lawrence joins
This threeyear drought. Everything is extremely bone dry. We had humidities in the teens today and this fire location happening in the eastern foothills. As i check the winds, speeds out of the north, northwest at 7 miles an hour. But the firefighters are going to be dealing with winds that gust up to 15 miles an hour and blowing smoke pushing off to the south. Its a higher terrain anywhere from 1500 to 2500 feet. The firefighters will have to deal with that steep terrain. It is available from our downtown camera which is 15 to 25 miles away and the thing about this fire is is it in the perfect conditions for this to potentially grow with how dry it has been. We will continue to track this fire and all the conditions around it and have more for you coming up in the full weather update. This is the second brush fire of the evening in the south bay. So firefighters are on alert. We have a crew on its way and as soon as it arrives there well bring you a live report. Another breaking story
Gives the house the sole power of impeachment and the power to determine its own rules. When president nixon, during the time he was going to be impeached, the chairman of the Rules Committee, chairman madden, actually spoke on house floor and announced there would be a rule governing how that proceeding would move forward. When the clinton articles of impeachment were brought forward, there was a unanimous consent request to kind of govern how we conducted ourselves. And im not sure how likely it would be that we would get a unanimous consent request. I would like to ask unanimous consent without objection to enter into the record a letter sent to the chairman of the Judiciary Committee signed by 70 republican members including kevin mccarthy, the republican leader, and basically, and let me read the key lines here, we will avail ourselves of every parliamentary tool available to us on the committee and house floor, in other words to try to delay and make this process as
impossible as
Power to determine its own rules. When president nixon during the time he was going to be impeached ruling how that proceeding would go forward. When the Clinton Impeachment was brought forward, there was a unanimous consent request to govern how we conducted ourselves and im not sure how likely it would be that we would get a unanimous consent request. Id like to ask unanimous consent without objection to enter into the record a letter that was sent to the chairman of the Judiciary Committee signed by 70 republican members including the republican leader every parliamentary tool available to us and committee on the house floor, to highlight your inaction translated means to try to delay them to make this process as impossible as it can be made. Im not sure in light of this letter that we could get a unanimous consent request and these seedings and break for a cup of coffee, never mind, i just want to stay for the record because i think its important that i think the house has engaged