Continued pressure from abroad. And meeting facetoface, president obama and House Speaker john boehner sit down for a oneonone over the weekend. There are just three weeks left before the u. S. Goes over the fiscal cliff. Italian shares are down nearly 3 this morning. For the most part, it is bank stocks leading the way down. Were now down about 2. 76 on the ftse mib. Bank stocks have been hit particularly hard this morning. Earlier, we saw shares down 5. 6 . Were seeing the same thing, whether its bmps hitting session lows down nearly 6 comes amid concerns about leadership and economic reform in italy following mario montes announcement that hell resign once the budget has been passed. This move is likely to bring the country forward to elections next year. The italian Prime Minister has offered no clue as to whether or not he will run and it comes after Sylvia Berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. Carolyn ross is in italy foll
Anna is off today. Bloomberg reporters are standing by across the world, ready to deliver the stories that will drive your day. U. S. Prosecutors are seeking more than 13 billion from bank of america to resolve an investigation into the mortgagebacked loans. Jon ferro have the latest on that story. Zeb eckert will break down the inflation data. Caroline hyde will look at amazon. Can the worlds Biggest Online retailer keep growing . Now to our top story and a bloomberg exclusive for you. U. S. Prosecutors are said to be seeking more than 13 billion from bank of america to resolve investigations on the sale of mortgagebacked securities. Joining us now is Jonathan Ferro. This is all about the runup to the financial crisis. The bonds that were sold back to buy home loans. We know what happened to those mortgages and those bonds. It was not ready. Pretty. That is a lot of money. That would be on top of the 9. 4 billion the jpmorgan fines. These numbers just keep on getting bigger and bigger
Whether he thought he was ready for the presidency he said i do. Analysts point out an obvious advantage. His potential as a son of cuban emigrants to appeal to hispanic voters who. He was involved in passing comprehensive immigration legislation in the senate. The immigration bill did not endear arubia to the tea party line of the republican party. He has been outspoken in issues that are important. For instance, arubia declared the war on poverty and failure. He would subsidize private businesses to pay higher wages and do away with the earned income tax credit. Internationally he supports an activist u. S. Role, stark contrast to the isolationist view point of another potential gop president ial contender, senator rand paul arubia said he should be more involved in china, north korea, venezuela, cuba, more involved in the obama administration. And he said the United States should punish russia for its actions in the ukraine. Today he will discuss Retirement Security, including his s
Obamacare transporters will old last month and it raises the iconic question, are you better off than you were four years ago. The answer for the nation is an unequivocal no. Jobs have been lost on our seven cut, employers have been forced to drop coverage and premiums have skyrocketed. Millions have lost coverage they were happy with. Obamacare has hurt medicare by cutting 156 billion out of medicare damage. This cut was a grave miscalculation. Medicare advantage is a shining Success Story the millions of seniors like my mother relied upon. In short, its a program that allows you to receive your coverage from a private provider using funding from medicare. And this tax on all kinds of Value Added Services for seniors. One of the reasons my mother picked her current provider is because in addition to good doctors coming to pick her up in a drive her to her appointments. This sort of competition in the marketplace invariably leads to two very good things. A decrease in prices and an inc
Fighters. Also Eastern Ukraines referendum go in favor of more selfrule. What does that actually mean . Im live here in Central Delhi where half an hour away from the polls closing in the Worlds Largest democratic elections here in india. Big political moment. Also on the program, mary anne looks at how the election will affect the economy. Yes. The indian stock market has jumped as investors are back on a victory for the Friendly Party bjp. Well have more shortly. Hello. Its midday here in london. 7 00 a. M. Washington. Midday also in nigeria where a new video released by the Islamist Group boko haram shows more than 130 girls they kidnapped exactly a month ago. Here are the pictures. This is the First Time Since april 14th these girls have been seen. I should stress we cant say when this video was taken or where the girls were at the time it was taken. Also pointed out of course at the time of the abduction, more than 200 girls were taken in all. So thats a picture of the girls. Ther