And buying in the sky. We dont like it but we do it, shell out money for stuff when we fly and its becoming a big Profit Center for the airlines all that and more tonight on nightly business tonight, thursday, september 19th. Welcome, everybody. Im tyler mathisen. Yesterday stock investors were caught by surprise. Today they caught their breath. Stocks exhaled modestly one day after the rally on the unexpected news the fed would continuing buying bonds every month to keep the economy on track. Most figured the fed would take its foot off the gas pedal, if only slightly. Yesterday record highs for the dow and s p. But today profit taking, not the blue chip dow stocks saw a 40point pull back. The nasdaq saw a small pullback of 5 but the s p was down 3. Some Economic Data out today were not enough to lift the markets. First time jobless claims were down this week. The Philadelphia Fed reported factory activity in the midatlantic region surged to a two and a half year high this month. And
Moving our economy for 160 years. Bnsf, the engine that connects us. And the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill Nelson Mandelas death was formally announced late today by south africas current president jacob zuma. He expressed the countrys love and sense of loss for their iconic leader, often referred to, out of respect, by his clan name, madiba. Our beloved mandela, thefounr democratic nation, has departed. He passed on peacefully, in the company of his family, around 2050, on the 5th of december, 2013. He is now resting. He is now at peace. Is our nation has lost our nation has lost its greatest son. Our people have lost a father. Although we knew that this day would come, no
Reject everyone obama nominates for office. Demagoguery and history shows it, while dynamite for the short game in politics, theres always a crowd when someones about to explode, doesnt make for a good career move. Soon people discover you are essentially a negative force. Primarily interested in attacking whatever, whoever you see out there in front of you. Cruz wants to kill the Affordable Care act which was legitimately enacted into law. He wants to bring the American Government to a halt, renege on the National Debt to get it removed. This is how he wants to be known. This is a brand he wants to establish for himself even if it tears the government apart. Michael grimm is a new york republican. Thank you for joining us. Let me just get something straight. I dont think i met you more than once or twice, mr. Grimm, but i want to ask some certain questions that have been raced on this show recently. First of all, do you believe that president barack obama was legitimately elected pres
President obama spent some time today with leaders from some of the nations Top Technology companies. The group discussed several issues during their white house meeting. It include electronic surveillae programs. Mike viqueira for us, mike, good to see you again. This they have. Yahoo, twitter, apple, they were here as well. Many were significan signatoriey wanted to know about the scope of the program, was it proportionate to the risk involved. They want it to be more transparent as well. At the endd the fall out over td snowden leaks at the top. So when will perhaps in january. Mike viqueira for us at the white house. Thank you. A little later in the hour well find out what that meeting means for privacy issues here in the United States. Oncal toll hill the senate is poised to approve a bipartisan budget deal. The plan which passed the house last week has cleared a major hurdle in the Upper Chamber and eases some of the across the board spending cuts and goes a lo libby casey is on
Jessica, what are the specifics of this offer tonight . Reporter hi, wolf. According to senior officials on both sides of the aisle, the president is asking for 1. 6 trillion in new taxes. That includes raising taxes for families who make 250,000 or more. Youll recognize that as a pledge from his campaign. And it also includes limiting deductions and loopholes as well as other changes to Capital Gains and dividends taxes. Well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear from the white house in any offer. Moving on to some other aspects of the proposal, secretary geithner on capitol hill also outlined in this plan an intention to extend unemployment insurance, 50 billion in stimulus for next year, and creating some kind of permanent mechanism to extend the debt limit so we dont repeat a crisis like last summer. Now, what would they get in return . What would the white house give . The proposal is they would offer