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Habitat. What was supposed to be a lovely sunset wedding in a hot air balloon ended this way. You see that lovely lady thats a. Y. Mccarrons girlfriend. What a beautiful woman. Whoa a. J. s doing it right. 1776 will commence again if you try to take our firearms. Come to america, you can become an american and join the republic. Are you finished . On cbs this morning. Some people are seriously floating the idea of a trilliondollar coin as a solution to the countrys next fiscal crisis. We should have known a coin was obamas solution to everything. It was right there in his slogan change. Captioning funded by cbs welcome to cbs this morning. There is at least one more issue for congress to fight about in the new year president obama announced yesterday he is nominating former republican senator chuck hagel to lead the defense department. At the cia the president wants his chief counterterrorism adviser john brennan to be in charge. Both must be confirmed by the senate where the former se ....
A positive note the Dow Jones Industrial average ending the day up by just over one percent report that germany is open to an economic stimulus package helped bring buyers back to the market it appears the berlin government is willing to suspend its balanced budget rule and take on debt investors hope that europes largest economy can steer itself away from recession. And lets go now to our financial correspondent in new york jose luis to horo was a good to see there so say every everyones watching germany here why is everyone watching germany why are investors so interested in german fiscal policy. Well stephen as you mentioned even germany implements any kind of a stimulus that may have boyd a recession or an economy get sick nation at a time that investors a year in wall street see a growing financial will not ability of german households and Companies Germany is t ....
Now. The underlying fundamentals remains strong. We know stocks rebounded yesterday. The president said, the stock market is great. The reason for the decline is tariffs. Were only down around 3 4 of a percent for stocks. The other big picture here is, what does that mean, does the trade deal get easier to reach or is this only an issue between china and the United States. Did the president show his cards here and say hes afraid of the trade deal impact on the u. S. Economy. Did he just say to china, you can play harder ball here, because im afraid of stock market weakness . Americans who are watching who either have college debt or paying mortgages or thinking of their 401 k s, what are they to think about all of this, theres a lot of noise right now, they have to expect a lot of volatility, its difficult, its worrying, but i think we take a step back here and say, if you look here today, the stock market is up double digits, the ....
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