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Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt ....
Again, as you probably know currently 49. 60. Tenyear yield below 2 . Apple making history once again. First u. S. Company to close with a market cap above 700 billion. Hours from now, greeces finance minister set to meet with eurozone counterparts in hopes of striking a debt deal. Pepsi beating the street. Pepsicos Financial Officer hugh johnson will join us in a few moments. Apples making more history, becoming the first u. S. Company to close with a market cap above 700 billion. Two, exxon mobil, 385 billion. Apples ceo tim cook attributing the success to rapid growth in china. Also announcing partnership with first solar to build 850 Million Renewable Energy farm in california, jim, in monterey county, where theyre going to power not just own headquarters at data centers, retail outlets. Ive always liked first solar. Glad hes teaming with them. Used to be hig ....
Fareed zakaria gps is next for our viewers in the United States. This is gps the Global Public square. Welcome to all of you in the United States and around the world. Im fareed zakaria. On the show today, well move past the fiscal cliff and talk about the real challenges to the economy. I will talk to the chief economic adviser of the Romney Campaign glen hubbard, and president obamas former budget czar peter orszag, among others. Also, let me tell you about the biggest Success Story in latin america. It is not brazil. Its actually much closer to home. Then, as the world watches the arab world struggle with democracy, well take a look at the problem from an unusual perspective, upside down. How does a country tur ....
World. Im Fareed Zakaria. On the show today, well move past the fiscal cliff and talk about the real challenges to the economy. I will talk to the chief economic adviser of the Romney Campaign and president obamas former budget czar peter orzack, among others. Also, let me tell you about the biggest Success Story in latin america. Its not brazil. Much closer to home. Then, as the world watches the arab world struggle with democracy, well take a look at the problem from an unusual perspective, upside down. How does a country turn away from democracy as Eastern Europe did 50 years ago . I talked to Pulitzer Prize winning historian anne happalbaum. The administration had a choice save chrysler by injecting taxpaye ....