More normal approach to monetary policy. The nomination is set to begin at 10 00 a. M. Eastern time. In the meantime, outgoing chairman ben bernanke says the central bank will remain alert to preventing inflation from declining too far from its goal of 2 , falling too far below that. Were going to talk about the future of the central bank with greg ipp and ir neil irwin in the next hour. He says he expects to taper in the next couple of months. Beyond yellen and the fed, a few other economic event toes watch today. We have weekly jobless claims at 8 30 eastern time. At the same time, the september trade deficit hits and Third Quarter productivity and labor costs. Futures at this hour well, you have to remember yesterday we did see things closing at record levels for both the s p and the dow. Nasdaq closed to a 13year high. But with that news from cisco, you can see futures from the nasdaq ended down by 6. 5 points, now durchs up by 26 points and andrew, back over to you. Boeing machini
Its strategy. For those looking at cspan dont think about its coming your city next. There are 125 cities all across america that after bankruptcy. Detroit is now become the model. They want to even impose legislation nationally model after the success that if cities in economic distress make them not qualify for any federal dollars. Thats model after detroit pen. Senator Lindsay Graham from South Carolina who have nor federal dollars and senator cole from texas, who has so much money he cant count it through add ons. A senator from utah who was gotten 86. 1 million for warren hatch, for the rail system. These are the guys saying because they did it detroit. Theyre not saying detroit. Its for detroit that some lse d on economic distress. We are here today to say it was premature. There was no significant negotiation. Detroit is better than what we perceive to be. We have not seen the real detroit. Detroit an economically pillaged right now. [cheering and applause] economically pillaged
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