investors. but what happens when they open the front door for the first time after buying the property sight unseen? we have all that and more tonight on nightly business report for this wednesday, january 8th. good evening and welcome. temperatures may be warming if only by a little, and the job market too seems to be heating up. just two days ahead of a labor department s december jobs report, the payroll firm adp said a far better than expected 238,000 private sector jobs were added in the month of december, the most in 13 months. nearly 11 million americans, though, remain out of work. but the hopeful moves in the labor market were not lost on the federal reserve. and minutes from the central bank s latest meetings show that part of the reason the fed decideded to start tapering its stimulus program is the improving employment picture. steve liesman has more. the minutes of the federal reserves december meeting showing a majority of policymakers favor a measured cau
the first foreclosure auction of the year is luring big money investors. but what happens when they open the front door for the first time after buying the property sight unseen? we have all that and more tonight on nightly business report for this wednesday, january 8th. good evening and welcome. temperatures may be warming if only by a little, and the job market too seems to be heating up. just two days ahead of a labor department s december jobs report, the payroll firm adp said a far better than expected 238,000 private sector jobs were added in the month of december, the most in 13 months. nearly 11 million americans, though, remain out of work. but the hopeful moves in the labor market were not lost on the federal reserve. and minutes from the central bank s latest meetings show that part of the reason the fed decideded to start tapering its stimulus program is the improving employment picture. steve liesman has more. the minutes of the federal reserves december m
(male announcer) live from the kron 4 news station, this is the kron 4 news.the bay area counting down the remaining hours of the resolutions for the new kron four has a preview of tonight. five thousand fireworks. on the east coast, the new year s ball drops just one hour from now. one million new yorkers are crammed into times square. it is a chilly night it is frigidly cold, but in the nation s capital, no one s breaking out the champagne. at least not in public. it looks like i m gonna be spending new year s here in dc. congress fails to meet its the fiscal cliff. the u.s. will go over the fiscal cliff tonight at midnight. because of a decision by the republican- led house of representatives to adjourn until tomorrow. and yet despite this decision, we are hearing that. though a day late. congress and the white house have reached a deal. kron 4 s dan kerman is here with the very latest on this developing story. reporter: the bush tax cut expire at midnight,
and a congresswoman gravely injured in a mass shooting in arizona. the daring activity gabby giffords is doing today to mark the anniversary. another bay area death blamed on the flu. why health officials say there s still time to protect yourself against this possibly deadly virus. mornings on 2 begins right now good morning, welcome to mornings on 2. another pedestrian hit and killed in san francisco. coming up, the jump in these deadly crashes and what city leaders are planning to do about it. i m tori campbell. i m dave clark. let s talk about weather and traffic. steve knows everything you need to know about the forecast. i hope so. a lot of low clouds, fog, drizzle. janice tweeted me and said it s nice to hear that on of roof. just drizzle? just drizzle. we ll take what we can can. partly cloudy. clouds on saturday. one more system clearing. next week says sunny and warmer weather returns, maybe warm weather with 60s and 70s. we ll see. the system is movin
also, we did start to the upside. we have since pulled back. we have had a 100-point swing from top to bottom. we have oil and gold on there for you as well. the dollar has gained. this will also be a busy day going into the close. volume is likely to be very heavy and can sometimes be a real milestone. we have some names that are hitting some new highs. tesla, netflix, amazon. there may be some red arrows across the board. we have plenty of winners for you. back to you. lori: thank you. we will see you in a couple of minutes. will washington get its act together in time? welcome back to the show. the center made a very interesting statement, i thought, earlier. costly steps were taken to prepare for the taper. was not tapering a waste and is that an issue that bernanke and company considered when making a decision earlier not to taper? over the next week they will decide whether or not the government will shut down at the end of the month. we could run into the debt ceilin