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Struggling, many u.s. companies are actually making big profits overseas. and stu varney says they re not coming back because of the taxes here and the regulation. so is that where all the jobs are, stu? well, look, the best profits in four years? going to go all the way back since before the great recession to find a more profitable year for the big name american corporations? they are coining it. you got big names like caterpillar, honeywell and last night, amazon, massive profits. and here s the problem. more than half of all the money they re making was made overseas. for every dollar in profit that apple makes, $0.62 was made overseas. now, why s that? because that s where the growth is. the american economy is dead flat, very weak, no growth here. not much profitability so why aren t they bringing back that money to come back to america? well, because we ve got a very slow growth economy here. and we tax them that money that comes back. if it comes back, we tax them at ....
sorry, jimmy. the u.s. economy is struggling, many u.s. companies are actually making big profits overseas. and stu varney says they re not coming back because of the taxes here and the regulation. so is that where all the jobs are, stu? well, look, the best profits in four years? going to go all the way back since before the great recession to find a more profitable year for the big name american corporations? they are coining it. you got big names like caterpillar, honeywell and last night, amazon, massive profits. and here s the problem. more than half of all the money they re making was made overseas. for every dollar in profit that apple makes, $0.62 was made overseas. now, why s that? because that s where the growth is. the american economy is dead flat, very weak, no growth here. not much profitability so why aren t they bringing back that money to come back to america? well, because we ve got a very slow growth economy here. and we tax them that money that comes back. if ....
Long dong. we re getting a nice break now. the recovery will be ongoing with clear skies. there s another storm system brewing across the west. this one also by midweek has the potential to spauk tornadoes once again across the same region. okay. ivan cabrera, many thanks to you. some very, very strange weather events over there. let s check europe s stock markets now, about 90 minutes or so, 94 minutes into the week s first trading day. we are seeing a fair losses here, particularly for the zurich smi, off by 1.3%. the international outlook in particular for the euro is damaging the others as well, london ftse off by about 0.3%, paris cac, down by 0. 89% and the xetra dax off by 0.62%. one of the big factors here is uncertainty with moody s having downgraded the irish government ....
the president believes that raising taxes on the middle class during this economic time would not make a lot of economic sense. you hear a lot of republicans saying exactly that same thing and you hear people on the fox business network saying the same thing and yet, perhaps, he misspoke because while he said the president is not going to ever jack up any taxes on people making less than $200,000, he s already done it and there are eight cases on the books right now starting with the federal tobacco tax that kicked in 16 days after he took office, it jacked up a pack of cigarettes by $0.62 and the immediate income of smokers, $36,000 so that certainly impacts people. but peanuts, pale in comparison to what he s about to do if he lets the bush tax cuts expire, boy are your taxes going to go up at every level. don t let them listen, $250,000, $200,000, whatever number you want to pick for a family or individual, it won t matter most small businesses pay as individuals. ....
It dire. you were talking about it being one of the wettest marches in history. 15.42 inches of rainfall fell this month alone. 7.9 inches of rainfall fell on tuesday. and what you see around me is the river. that s the pawtuxet river overflowing its banks and moving through this area of cranston. yesterday they were out scouting a position and came in this area. this was all dry. can you see the water has come up higher. originally what s interesting is the forecast was expected the river to rise 20.2 feet. it surpassed that, 20.62 is the latest reading and has a lot of people concerned. this is not the only places being affected by the floodwaters. going fishing reads the sign on front door and they didn t have far to go. hundreds of rhode island residents were forced from their homes by another torrential down pour which the governor s office ....