Financial times, disheartening. One in five americans are receiving government assistance and now president obama saying lets give out solar panels to the poor just what we need to gre the economy. We havent forgotten about hillary giving the first interview since announcing her campaign. And she blames republicans for everything. Poor hillary there. Varney company is about to begin. All right. Guys, weve got a ton of news for you this morning and we have now breaking news all United Airlines flights are grounded, they say its due to a Technical Glitch. All flights, all airports are grounded, a big problem for travelers. We have a live look at Ohare Airport and thats on your screen now. Thats the giant united hub. If you have to go through there. The big story now liz the big story, there has to be something more to it than to be causing all the flights to be canceled. Charles this is worrisome because a lot of people are worried about Computer Systems worldwide particularly involving
Believe there is such a thing as bipartisanship. Seems to be a dirty work, jack, so dd you buy this. Hard to believe. Since the republicans did so well in the midterm elections if they are able to put a deal together, big issue Everyone Wants to take the credit. No one wants to givv the other party credit. Since republicans had a recent victory, if they get the ball rolling on something, they can look backk hey that happened once we did so well in the midterm elections. President can say that happened while i was in office. Everyone can take credit at the same time. So maybe. Tracy john, they had the oped in the paper all the things they want to get done and seems like this magnificent laundry list of nothing is going to happen. 3 shouldnt they focus on or two things . Thank you hey in twooyears they did someehing. I have a simple idea. That is to focus on the xl pipeline and infrastructure spending. That is a nice trade, okay . Give the republicans the xl pipeline anddgive the democra
Wayne rogers and company. Connell some news on the fed from five years ago. Lets go to Nicole Petallides and the dow is up today and Nicole Petallides at Stock Exchange. Nicole good morning. We are seeing some up arrows and major averages pushing them into positive territory for the week but looking here like the dow is going tab three straight weeks of gains, 60,154 last friday. Squeezing out gains is a good way to say it. Up 1 1 4 . The tech having nasdaq doing well, also up 1 3 of 1 . We are seeing gold higher by 5 and buying across the board for retailers to drugs to banks, transports doing well, we have gone some notes out from the big houses such as jpmorgan this morning saying to buy equities, dont sit on the sidelines, lot of movers, a hewlettpackard, ala of movers here will keep a close eye as well. Connell thanks. Dagen breaking news from the Federal Reserve, central bank releasing transcripts of its meetings from the height of the financial crisis in 2008. Connell coming thr
Melissa the countdown is on. Were starting with the effort to help you decode exactly what is happening with your health care. The state exchanges are set to open two weeks from now. Did you realize it was that close . New reports that the big three, aetna, unitedhealthcare and cigna, either arent participating or only involved in a small number of states. The reason . Because they arent sure if the exchanges will be good business. Our Favorite Health care expert is back to tell you what the choices will be. And what you will actually be able to buy. Paul howard is director for center for medical progress at the manhattan institute. So what does this mean to you if these three big companies, all of us have bought insurance from one point or another probably likely are not going to participate . So then who is . Probably means they dont know what their losses are going to be next year and they will sit out the market and see how it develops. You will see smaller, regional or statebased
Ive been harsh on california. The governor there, jerry brown, said the deficit disappearedment thanks to spending and taxing cuts. This predicts rosie predictions about Economic Growth in the future and how much will be saved by spending cuts. I say its a little early to celebrate. By the way, Governor Brown has some spending increases built into his budget. Look at this, 2. 7 billion extra for k through 12 education and 450 Million Dollars extra for school, Energy Efficiency projects. Steve malanga is here, the expert on state finances. Im saying that, yeah, ive been harsh on california in the past, the formerly golden state. I say youve got to look more deeply at this budget it aint as good as it looks and you say what . A couple of things, first of all, california has been essentially borrowing to increase its spending and they have about 23 billion dollars of debt that they have to pay back. It includes hold on, ive got to interrupt. They got 23 billion dollars. More debt than tha