But competition was set to restrain the ability of the manufacturing of those payment tariffs or higher Labor Compensation to pass that along. Some of the details we saw was like philly and cleveland. Richmond said there was strong volume at ports as there were a lot of imports to get ahead of some of the expected tariffs st. Louis and kansas city said farmers suffered because of depressed crop prices because of tariffs. Lets talk about the job situation, which is a completely different picture of the economy. Employment grew at a modest pace labor markets, however, set to be tight and there was a lot of difficulty filling open positions. Youve heard that before but they went on to say there were continued worker shortages across most sectors, especially construction, technology and health care. A staffing worker in the minneapolis district said its the toughest market they have ever seen. There were concerns about renewing and securing work visas. Compensation, however, grew at a mode
Welcome to power lunch. Im michelle carusocabrera. Recordbreaking day for the markets. Take a look. The s p 500 with new highs with 60 members of the index at all atime highs the russell 2,000 also at new highs. Morgan stanley is one of the winners. Its market cap for the First Time Since before the national crisis, bigger than goldman sachs. Other big movers today include aetna, cigna, boeing, carnival and royal caribbean. And one name not feeling the love today though. Snap shares falling to new lows again. Stock trading below 14 a share. This record breaking day for the markets. A year of records it has been. Driven today by a flood of earnings five dow components. New housing data and a sky high read on consumer confidence. Weve got it all covered for you. Bob pisani is at the New York Stock Exchange phil lebeau with gm. We begin with bob at the big board. 21 declining stocks. More winners than losers on the story. Lets look at several dow components caterpillar great global sales
His annual vacation in hawaii to deal with the fiscal cliff. No sight of congressional leaders. Theyre not in town. Investors getting a little bit nervous. Will congress get it together in time . No talks that we know of are imminent. It was by at least one measure, the weakest Holiday Retail sales growth since the financial crisis back in 2008, but could a postchristmas holiday sales bounce be around the corner . And what a year it has been for tech. Gadgets and gizmos. Apple, facebook, microsoft all have big news. Will 2013 be a lucky year for the sector . Which tech titans might lead the new trends . Simon hobbs is in at the new york stock exchange. Good afternoon. When president obama arrives back in d. C. , can he prevent america falling over the fiscal cliff . House republicans havent yet called their members back to washington. Our chief political correspondent, john harwood, is with us. John, this feels very much like it might be the calm before the storm in more way than one.
Thequeen and one statement by Ozzie Osbourne i mourn with my country the passing of our queen with a heavy heart, it is devastating the thought of england without Queen Elizabeth ii. Valerie castro, thanks very much lets get back to the white house now where theres been a change in plans for the president. Our senior White House Correspondent kayla taush standing by live there now the pool that had been gathered for the president s prescheduled remarks has dispersed, awaiting any statement from the president as you know to come after the pm herself speaks from 10 downing here at the white house we are waiting to see those flags get moved to halfstaff as they so often do when there is a passing of this significance just down pennsylvania avenue, House Speaker nancy pelosi has ordered flags there to be flown at halfmast and they are already being done so there. Of course, we are continuing to get new news about what transpired here at the white house throughout the day as the president w
Lives for the next four years. Its also about the kind of country we want to be and what we want to leave behind for future generations. We are at our best when every person gets to share in our nations promise, contribute to our stronger together is not just a Campaign Slogan but the guiding principle to the future we must build. America, we need to ask ourselves. Are we going to make our economy work for everyone or just at the top . Are we going to bring people together or pit americans against each other and rip our country apart . Are we going to work with our allyinies to keep us safe or are going to put a loose cannon in charge who would risk everything that generations of americans have worked so hard to build . Now, in many ways, this profound choice is up to the women in this room. Africanamerican women turned out to vote more than any other group of americans in 2012. This year once again, you have your hands on the wheel of history. And you can write the next chapter of the