No deal, Canadian Pacific walking away from the Norfolk Southern bid after norfolk resisted talks forever. And another Company Reportedly enters the fray for yahoo . The ted line for bids this week. Stocks are looking to rebound for the worst week since february. Alcoa due tonight. The president set to meet with fed chair yellen today to discuss the economy and wall street reform. And la and larry fink saying certain actionsi actionsi actionsi may lead to reduced spending and growth. An echo of what hes said in the past. Right. I think that were getting actual success in europe. No one seems to recognize that. I think three months from now, germany will say enough is enough. We want rates to go higher. Germany will prevail. The numbers that im getting, car registrations, employment, pmis from europe, theyre all strong. I think this is a backward looking letter. Really . Yeah. Other than japan. Japan, i dont know. I cant figure them out. Nothing seems to work. Tenyear negative 0. 796 fo
Aspeared the bill was headed for defeat. House republicans did not want to raise taxes without significant cuts in government spending. Theres no spending cuts. Were adding 4 billion a day to the debt. We feel like the senate bill failed miserably. Reporter but in tend, House Republicans decided not to drag out the fight any longer and risk taking the blame for massive tax hikes on nearly every american worker. Whats the alternative . The alternative is 4 trillion in tax hikes that hit the american people, market uncertainty. Reporter the bill shields people earning less than 4 400,000 a year. Not to mention, the bill only delays large cuts to the pentagon and other government programs. So, in march, we may see another round of fighting. President obama says he Hopes Congress can strike a deal with a little less drama. Paula and john . Dont count on it. Lets hope so. Round two of the spending cuts. What are the chances that republicans go along with raising the debt ceiling . I know th
Good morning. Im john muller, in for rob nelson. And im paula faris. It turns out the congress had a bungee cord when they took the country over the cliff. The house has ended a bitter deal over a tax deal. Bringing the country back from the brink. Tahman bradley joining us with the new developments from washington this morning. Hi, tahman. Reporter all, paula and john. The country did technically go over the fiscal cliff. But congress has fixed the mess. What they passed is retroactive. So, 99 of americans will not see a change in their tax rate. They finally got it done. Congress ended the long drama over the fiscal cliff with House Republicans reluctantly passing the senates bill. I will sign a law that raises taxes on the wealthiest 2 of americans, while preventing a middleclass tax hike that could send the economy back into the recession. Reporter for a time, it aspeared the bill was headed for defeat. House republicans did not want to raise taxes without significant cuts in gover
Good morning. Im john muller, in for rob nelson. And im paula faris. It turns out the congress had a bungee cord when they took the country over the cliff. The house has ended a bitter deal over a tax deal. Bringing the country back from the brink. Tahman bradley joining us with the new developments from washington this morning. Hi, tahman. Reporter all, paula and john. The country did technically go over the fiscal cliff. But congress has fixed the mess. What they passed is retroactive. So, 99 of americans will not see a change in their tax rate. They finally got it done. Congress ended the long drama over the fiscal cliff with House Republicans reluctantly passing the senates bill. I will sign a law that raises taxes on the wealthiest 2 of americans, while preventing a middleclass tax hike that could send the economy back into the recession. Reporter for a time, it aspeared the bill was headed for defeat. House republicans did not want to raise taxes without significant cuts in gover
Welcome to countdown. A warm welcome to the second hour of the program. Paribas isbank bnp said to be planning a guilty plea today to end the criminal probe into u. S. Sanctions violations. Caroline, what do we expect . Good morning. As you were saying, we expect frances largest bank, bnp paribas, to plead guilty today to u. S. Criminal charges. The board of bnp paribas, according to the Financial Times, met over the weekend and approved the deal with u. S. Us with u. S. Authorities. The department of justice should announce it in washington later today. According to the the french news channel, the ceo of bnp paribas also sent a letter to employees of bnp paribas warning them that mistakes were made and that we will be sanctioned heavily. The final price tag of the up to 9ill be billion. That will be the biggest line ever issued by u. S. Authorities on an overseas bank. Notthe u. S. Authorities are ruling out charging individuals in the future. Banks ability to transact in u. S. Dolla