She said more needs to be done to strengthen the economy but she didnt give any hints on policy. Liz House Minority leader nancy pelosi and other House Democrats will meet with president obama in about 30 minutes to discuss the budget and debt showdown. Top House Republicans will also meet the president. That will happen tomorrow. David General Electric announces partnerships with at t, Cisco Systems and intel to expand its industrial internet service. It allows customers to analyze data and predict outcomes. Liz Aubry Mcclendon raised 1. 7 billion to drill for oil and gas in the utica shale in ohio. The drilling will begin in the Fourth Quarter of this year. David joseph a. Bank clothiers why tried and failed to by bigger mens wearhouse. Mens warehouse quickly rejected the offer saying it undervalues the company. Liz how many have you gotten paper stocks before for your kid and self. They decided to follow the example of other big corporate names and go all electronic. After the bell
Aware of the seriousness of the situation at first. I couldnt go to sleep and i hear somebody banging on my door that their apartment is on fire. I didnt know what to do. First of all i dont want to open the door to a crazy person. It could be somebody trying to break in. I get my roommate and it hit me. It smelled like fire. So we had to get out. No one was injured and firefighters are investigating how it started. Happening today it president obama is expected to nominate Federal Reserve vice chair janet yellen as the new fed chairman. Yellen was a professor at uc berkeley in the 1980s and 90s 90s. If approved by the senate, yellen would become the first woman to be head of the fed. Kpix 5s cate caugiran will have more on yellens ties to the bay area coming up in our next half hour. And new this morning, a stanford professor won the nobel prize in chemistry. Michael levitt among three scientists awarded the prize this morning. Together, they laid the foundation for computer models us
We begin with an address of bad news for the president its a setback for the Affordable Care act. As lisa stark reports, numbers are not good. Reporter they are not the numbers the Obama Administration hoped for. 106,000 americans have signed up for health plans under the Affordable Care act. 75 did so through the staterun websites only a quarter fewer than 21,000 used the federal exchange. House Speaker John Boehner called it a rolling calamity that must be scrapped. They faced tough questions from the republicans about the rollout. This was a monumental mistake to go live and explode on the launch pad. On the other side of the aisle democrats say republicans want nothing more than to dismantle the Affordable Care act known as obamacare. Nobody in this country believes that republicans want to fix the website. Caught in the crossfire two Key Technology officials, repeatedly questioned about why after years of work and hundreds of millions the website was not completely tested before i
Five industries for m a this year. Supposedly they are going to be forced into doing more deals as the year goes on. I am going to keep an eye on it. For me, im going to keep an eye on buyers for today. They are also coming into the new market. They have finally done a deal. Drugis a Prostate Cancer that they have finally done a deal with for 362 norwegian krone. Keep your eyes peeled across the technology industry. Withaw oracle come out slightly better numbers last night. Those two stocks have yet to open. Lets just talk more about 80 yes, an early christmas present. A 6 billion early christmas present. 25 a330s are being ordered by air asia. Certainly, this shows potentially a bit more competition coming to europe. Unit s data making it air asia you could see air asia making its foray into the world market. One percent higher, getting an early christmas present. Astrazeneca, lets give a price check there. That is up 1. 36 . Those are the stocks that are on the move. But go back to h
Report at the bottom of the hour. Sue is at the new york stock exchange. Hi. Thank you. Stocks a little higher today but not really too much change. Just a day after the dow closed above the 16,000 mark for the first time ever. Lets take a look at where we stand. The Dow Jones Industrial average up 21 points, 16,31. 10. The s p up about 5 at 180154. The nasdaq up about 18 points at 3987. As stocks keep moving higher investors have been shrugging off all of the warning signs of a pullback. Dominic chu is going to take a closer look at those cautionary flags and how theyve panned out so far. Hi, dom. So yes, weve been telling you about these yellow or red flags that the signs that things may be due for a turn. We wanted to revisit a few to show you whether or not they have panned out and whether or not investors have cared. The first one is going to be about valuations. A lot of investors and traders say valuations are stretched, too high above their historical average. That means the ma