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Gm said it expects to take a charge up to 750 million in the First Quarter, mostly related to the costs of recall repairs. Shares of gm, theyve come off their highs of about 42 million a share, now trading at about 34 a share. We will see what happens to that stock today at she begins to speak at gm. In just a few minutes, weve got represent michael burgess. Hes going to give us a preview of todays hearing. I still dont know if this is theater or what you can get from Something Like this. Its hearing her, the first thing i thought of was its good for her to be able to say that, but talking about an entity, were not talking about an individual. But it does help when the individual is sort of new and wasnt here for that. You can sort of say from now on, gm will be like this. And this is the past. Im here now. No longer going to be like this. So that is an advantage. And i though ....
Employment situation before tomorrows jobs number. Earnings season kicks off today. In more about what they are doing here. Class in the United States, we have two issues for the fed to worry about. In europe, the bank of england deals with unemployment and inflation but really targets inflation. Inflation theyre coming down to their level. On holdt their rate today. The economy is so little shaky. They have a problem with too little unemployment in the sense they would keep rates on hold until seven percent. Everybody is watching them. The relation for the ecb is the opposite. Inflation is too low. They are a little bit lower than we are here in the United States. Even though they did not ask this month, people think they might have to. How are the markets going to translate this . It is playing out as good news because the economy is not the issue. Inflation is the issue. A h ....
At the top of the list is tiffanys. At the bottom, though, pet smart, as we have a sale on retail experience. The former ceos of toys r us, sears canada, saks and bluming dale are all on power lunch to talk about it. My partner is at the Investment Company institutes big meeting of the year. What you got for me, ty . Its not 17 trillion. One out of two american households have money in mutual funds, about 60 of your 401 k assets are probably in mutual funds with thousands of funds represented here today. Well talk Investment Trends around the globe later on this hour. Meantime, a new round of recalls for General Motors today. The stocks starting to feel the heat. It is up a few ticks today, but down 9 over the past three months. Phil lebeau is across town today in the nations capital. Phil . Tyler, lets talk about ....
Melissa, the secret service is calling this a major cyberattack, that may incur quote, large dollar losses at banks, especially small and mediumsized one. A recent cyberattack on atms netted cyber crooks 40 million, using just 12 debit card accounts. State and federal regulators are warning, criminals are able to withdraw funds beyond the cash balance in customer accounts, or other atm control limits. They used stolen debit, prepaid or atm card account information. The crooks get into bank atm networks through employee emails to plant Malicious Software that obtains employee logins and accesses atm control panels. With the crooks can change settings to permit greater or unlimited cash disbursements and atm machines and change other fraud and security related controls. Cyber thieves themselves organized simultaneous withdrawals of large amounts of cash from multiple at moves over a short time. According to authorities, usually ....
Lots of ground to cover this sunday morning. Lets get right to the latest on the search for flight 370. With the clock ticking down on the black box batteries, more ships and planes have joined the massive effort to identify debris. Abcs david wright is embedded in the search. Good morning, david. Reporter good morning. From the deck of the ocean shield, an australian vessel built to handle the roughest seas. Subantarctic conditions. This ship is now getting set to ship out into the search area. Itll take three to four days just to reach the search area. Hopefully by then, search teams will have found the debris field from flight 370. Ten planes out looking. Several reporting they have spotted objects in the water. But until surface vessels are able to retrieve them, we wont know if theyre from the missing plane. The ocean shield will be searching under the water, towing a u. S. Navy pinger locatering like this season. Listening for the beacons on the black boxes. How big a noise does ....