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alison kosik at the new york stock exchange. will today's jobless numbers impact trading you think? >> you can count on that with this upside surprise. this report was certainly a big beat at least that's the way wall street sees it. we certainly saw the reaction in market futures, they went from 40 points for the dow up to 100, expect about a 70-point higher open for the dow when the bell rings in about a half hour, and when you look at how this trend has been for the jobs report as the jobs reports held their own the markets reacted in tandem reacting to the better than expected numbers. there was a triple-digit rally when the january jobs number came out. it really does seem to be the path of least resistance, meaning that upward trend with the dow breaking new records every single day this week. one analyst puts it this way, he says as we get further and further from the crisis, confidence continues to build, and everybody has this thought where they want to get on this train before it leaves the station. 'kind of hard to find the bears out there but they are out there because d
alison kosik at the new york stock exchange. will today's jobless numbers impact trading you think? >> you can count on that with this upside surprise. this report was certainly a big beat at least that's the way wall street sees it. we certainly saw the reaction in market futures, they went from 40 points for the dow up to 100, expect about a 70-point higher open for the dow when the bell rings in about a half hour, and when you look at how this trend has been for the jobs report as the...
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alison kosik is there for us. alison, what's happening? hey, fredricka and michael.ou know, it's at that point where the bulls have sort of run out of steam. you're seeing investors kind of take a breather at this point after stocks have had a great run-up for the past, what, ten sessions. the session is still young. four more hours for stocks to maybe even turn around. so that very well could happen, but we are still watching the dow because it very well could turn around and hit that 11th record in a row. also the s&p 500, that's within striking distance of its all-time high. the magic number for the s&p 500 is 1,565. five points away. that would actually be a bigger deal than the dow if the s&p 500 hits this record even blows through that record because the s&p 500 isn't just 30 stocks like the dow. it's 500 stocks. so what it is is it's more representative of the health of the market. also, your mutual funds, they most likely track the s&p 500. so as we watch the s&p 500 although it's a little lower, overall it is, you know, moving at great strides these days. yo
alison kosik is there for us. alison, what's happening? hey, fredricka and michael.ou know, it's at that point where the bulls have sort of run out of steam. you're seeing investors kind of take a breather at this point after stocks have had a great run-up for the past, what, ten sessions. the session is still young. four more hours for stocks to maybe even turn around. so that very well could happen, but we are still watching the dow because it very well could turn around and hit that 11th...
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let's bring in alison kosik at the new york stock exchange to talk more about this.ning. low interest rates are helping, making it easier to borrow money, especially for people looking to buy homes after they lost their last home to foreclosure. here's why. when you have late payments on mortgages, when you have to foreclosure on your house, when you sell at a short sale, all of that messes up your credit big time and foreclosure can knock up to 160 points right off of your credit score. if you've got a lower credit score, that means you're at a higher risk of default and have to pay a higher interest rate. sometimes an interest rate that's really sky high. there's plenty of evidence that foreclosed home owners are coming back into the market now. typically, banks making them wait seven years, the penalty box, before they approve a new mortgage. but lenders are trying to work with people to bring them back into the market sooner than the seven years. they are taking into account extenuating circumstances, maybe a divorce, layoff, health issue, other one-time events.
let's bring in alison kosik at the new york stock exchange to talk more about this.ning. low interest rates are helping, making it easier to borrow money, especially for people looking to buy homes after they lost their last home to foreclosure. here's why. when you have late payments on mortgages, when you have to foreclosure on your house, when you sell at a short sale, all of that messes up your credit big time and foreclosure can knock up to 160 points right off of your credit score. if...
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we want to check in with alison kosik at the new york stock exchange. we are waiting.xpecting? >> up, up, up, the dow expected to pop up another 50 points in 45 seconds, following the dow's day for the record books where it's basically blew through its old record and has a new one. what's giving investors the incentive to buy, an upbeat report on private sector jobs in february, rose by 198,000 last week and that's a good sign. this report is the appetizer to the main course and the main course comes out on friday, the main course is the official government jobs report but as you said, the question is whether we can maintain these levels, many analysts we talked to say this is a market that's ripe for correction. >> you're right. [ bell ringing ] there is the bell ringing now. will it hold, alison? we're hoping so. you need a crystal ball to figure that out. >> a lot of skeptics say this kind of momentum can't last forever and one of the deciding factors could be just for this week is that jobs report that comes out on friday because if it misses expectations, that cou
we want to check in with alison kosik at the new york stock exchange. we are waiting.xpecting? >> up, up, up, the dow expected to pop up another 50 points in 45 seconds, following the dow's day for the record books where it's basically blew through its old record and has a new one. what's giving investors the incentive to buy, an upbeat report on private sector jobs in february, rose by 198,000 last week and that's a good sign. this report is the appetizer to the main course and the main...
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joining us now our business guru alison kosik and lynn johnson, director of digital and social strategywelcome to you both. >> hello. >> i love this story. alison, can one delicious taco really save america? >> i don't know if it's going to save america. i mean what's the sodium content in that thing? i think it's going to really hurt our health. all right. putting the nutrition and the health aside, you know, it does kind of make that turn to the economy and from what i've been reading about this taco, this taco could really provide some jobs. hey, ain't that really the key thing in growing this economy? you know that this is taco bell's most successful taco ever. in fact, the ceo says the company had a -- as you said, added 15,000 jobs last year just to handle the craziness over the loco taco. greg crede, that's his name. he believes the chain could add another 2,000 restaurants over the next ten years, just here in the u.s. so those are going to need full staff. you see the sort of domino effect happening. this is mainly because of the success of the dorito locos tacos. the company s
joining us now our business guru alison kosik and lynn johnson, director of digital and social strategywelcome to you both. >> hello. >> i love this story. alison, can one delicious taco really save america? >> i don't know if it's going to save america. i mean what's the sodium content in that thing? i think it's going to really hurt our health. all right. putting the nutrition and the health aside, you know, it does kind of make that turn to the economy and from what i've...
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alison kosik, new york stock exchange. thank you. >>> first dinner, now lunch.ying to the forced budget cuts. michael, tell us why you used to book this fabulous hotel? well you can see if the hotel is pet friendly before you book it, and i got a great deal without bidding. and where's your furry friend? oh, i don't have a cat. now you can save up to 50% during priceline's spring hotel sale use promo code spring for additional savings on all express deals, including pet friendly hotels.
alison kosik, new york stock exchange. thank you. >>> first dinner, now lunch.ying to the forced budget cuts. michael, tell us why you used to book this fabulous hotel? well you can see if the hotel is pet friendly before you book it, and i got a great deal without bidding. and where's your furry friend? oh, i don't have a cat. now you can save up to 50% during priceline's spring hotel sale use promo code spring for additional savings on all express deals, including pet friendly hotels.
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i'm alison kosik in new york. other san francisco leaders, annouced a proposed law that would require both the san francisco and san mateo county boards of supervisors. to vote on whether gun shows could be allowed at the cow palace. and senator leno openly he admitted how both counties feel about gun shows. >> "i acknowledge both counties board of supervisors have repeatedly passed resolutions unaminously urging the state not th have the gun shows at this location but i can tell you what either borad would do five or ten or thirty years from now if there were to reach a consenious and say they wanted the gun show well that would be the voice of the people." among the speakers, was one community activist who held up a c-d case with a bullet hole in it. to show how he was also a vicitim of gun violence. the cow palace sits on state property. which is why a resolution is needed to make any changes. >> an asteroid the size of a city block will pass by earth this weekend. but you can rest easy. there's no danger of it
i'm alison kosik in new york. other san francisco leaders, annouced a proposed law that would require both the san francisco and san mateo county boards of supervisors. to vote on whether gun shows could be allowed at the cow palace. and senator leno openly he admitted how both counties feel about gun shows. >> "i acknowledge both counties board of supervisors have repeatedly passed resolutions unaminously urging the state not th have the gun shows at this location but i can tell you...
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alison kosik at the new york stock exchange. so tell us about -- the stock market makes no sense these days. i'm sorry it just doesn't. >> you know what? this is a market these days, carol, that rides on what is really headlining the news. you remember the cyprus debt crisis flareup? there was news on the jobs front. weekly jobless claims edged up a bit last week and 45 minutes, new numbers on existing home sales. we'll watch for these. the housing market is really doing well lately. the expectation for this report is to see a rise in home sales and we'll see if the market can pick up steam on good news in the housing market. and the dow can touch new record highs. i'll keep an eye on it for you, carol. >> ian, a new report for the government. and absolutely slams freddy mack. why? >> troubling reports concerning freddie mac, inspector general of the federal housing finance agency, saying they aren't doing such a good job of working out complaints from homeowners. they found that freddie's eight biggest servicers resolved more t
alison kosik at the new york stock exchange. so tell us about -- the stock market makes no sense these days. i'm sorry it just doesn't. >> you know what? this is a market these days, carol, that rides on what is really headlining the news. you remember the cyprus debt crisis flareup? there was news on the jobs front. weekly jobless claims edged up a bit last week and 45 minutes, new numbers on existing home sales. we'll watch for these. the housing market is really doing well lately. the...
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i am alison kosik. >> i am victor blackwell. we are glad you are with us this morning. >>> north korea, they entered a state of war with south korea and are aiming their missiles at the u.s. >> south korea and some diplomats say it's the usual posturing. and the security council weighed in on this. we take these threats seriously and remain on close contact with our south kau rejon i hrupbs. but we would also note that north korea has a long history of rhetoric and threats and today's announcement follows that familiar threat. >> they were out today, and i was walking on the streets and people were out with their families here in seoul, the south korean capital. darkness is falling now and the crowds are thinning out and they enjoyed the day, and they do not see this in the same light other people do. they lived with it all of their lives. in their view this is all about the kim regime and dynasty, if you will, doing the same thing its always done, nuclear weapons, and holding it over their head to extort money and food. people
i am alison kosik. >> i am victor blackwell. we are glad you are with us this morning. >>> north korea, they entered a state of war with south korea and are aiming their missiles at the u.s. >> south korea and some diplomats say it's the usual posturing. and the security council weighed in on this. we take these threats seriously and remain on close contact with our south kau rejon i hrupbs. but we would also note that north korea has a long history of rhetoric and threats...
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alison kosik for us at the new york stock exchange.you. >>> they're being called the dirty dozen. a priest abused victims group is blacklisting 12 candidates to be pope and one is a cardinal from the u.s. hat we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. the delightful discovery. the sweet realization that you have a moment all to yourself. well, almost. splenda® no calorie sweetener. splenda® makes the moment yours™. so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to appl
alison kosik for us at the new york stock exchange.you. >>> they're being called the dirty dozen. a priest abused victims group is blacklisting 12 candidates to be pope and one is a cardinal from the u.s. hat we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. the delightful discovery. the sweet...
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i'm alison kosik. happy easter to you. we start this morning in rome where pope francis is celebrating his first easter as pope. he is giving the annual to the city and to the world blessing in front of massive crowds at the vatican. jim bitterman is in rome. jim, this day is so important to christians and catholics. people have high expectations for pope francis today, yes? >> well, i would say it's important in a lot of different ways, the most important date on a christian calendar but because of the new pope and because of the expectations that have been raised by the change of the vatican that, in fact, i think a lot of people are thinking this could be a very important day, indeed. we're waiting to see what the pope will say in his remarks to the crowd. here he comes out on the papal balcony, as it is called. he is expected to deliver the blessing to the city and the world and hope for the number of people who are still gathered here in the square after this papal mass this morning, alison. >> he prayed for peace in
i'm alison kosik. happy easter to you. we start this morning in rome where pope francis is celebrating his first easter as pope. he is giving the annual to the city and to the world blessing in front of massive crowds at the vatican. jim bitterman is in rome. jim, this day is so important to christians and catholics. people have high expectations for pope francis today, yes? >> well, i would say it's important in a lot of different ways, the most important date on a christian calendar but...
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alison kosik at the new york stock exchange. alison, is this a case of what goes up must come down or does it continue going up, up, up? >> reporter: that is the unspoken rule. what goes up must come down. in times like this, brooke, we like to look back, to look forward. take a walk with me. i'll warn you, the picture isn't pretty. look what happened two years after the dow peaked in 2000. it tumbled because of the dotcom bust. in 2007, the dow peaked again, but in one and a half years it came crashing down. blame the financial crisis for that. and both cases the declines were big, 40% to 50%. now we're at a new record high, the big question, should we expect the same kind of dropoff? thankfully probably not. the good news is a majority of analysts expect a smaller pullback this time around, closer to 10 to 15%. we shall see. >> alison kosik, thank you. >>> hockey fans, heads up. look at this video here. new york rangers versus the philadelphia flyers, last night. puck goes flying off a hockey stick, watch with me, and, boom, hi
alison kosik at the new york stock exchange. alison, is this a case of what goes up must come down or does it continue going up, up, up? >> reporter: that is the unspoken rule. what goes up must come down. in times like this, brooke, we like to look back, to look forward. take a walk with me. i'll warn you, the picture isn't pretty. look what happened two years after the dow peaked in 2000. it tumbled because of the dotcom bust. in 2007, the dow peaked again, but in one and a half years...
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good morning, i'm alison kosik. >> i'm victor blackwell. good to have you with us this morning. health officials in oklahoma are offering free hiv and hepatitis tests today to as many as 7,000 patients of dr. scott harrington, the dentist and oral surgeon has stopped practicing after health inspectors found what they called sickening conditions in his office including filthy rusty dental tools. >> they say some of his staffers were unlicensed and that he may have given patients expired drugs. susan candiotti is in tulsa this morning, good morning. how are today's screenings going to work? >> reporter: good morning. in about three hours from now as many 7,000 invited as you mentioned, they're expecting hundreds of people to show up as they begin these tests. people will register inside the building that you see over my shoulder, and then they will be taken in to give three blood samples, one for hepatitis b, for c, and the test also for hiv, and these are all people that are former patients of dr. scott harrington, who is currently facing 17 complaints filed by the state board of
good morning, i'm alison kosik. >> i'm victor blackwell. good to have you with us this morning. health officials in oklahoma are offering free hiv and hepatitis tests today to as many as 7,000 patients of dr. scott harrington, the dentist and oral surgeon has stopped practicing after health inspectors found what they called sickening conditions in his office including filthy rusty dental tools. >> they say some of his staffers were unlicensed and that he may have given patients...
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and then alison kosik. what is interesting is all this great news. the market was like, eh. >> reporter: yeah, exactly. you know what, i did see the dow pop at the open. some of the spirit, the celebration is fizzling out. the dow continues to reach the record highs. this is the fourth day in a row. the question is, will it close on a record high? one trader puts it this way, though. the jobs data is more significant than this record high that the dow is hitting every day. they're feeling more encouragement. because they're seeing the jobs day that that came out all week. and those jobless claims numbers are going down. all of those reports are matching ha the government is saying today. the increase in government in 230,000 jobs last month. this trader says this is a real sign of progress. one reason you may see the celebration mr. muted is because the focus is on the bank stress tests that the fed released yesterday. the federal reserve put the country's biggest banks under what's known as stress tests to see in a hypothetical situation if the nati
and then alison kosik. what is interesting is all this great news. the market was like, eh. >> reporter: yeah, exactly. you know what, i did see the dow pop at the open. some of the spirit, the celebration is fizzling out. the dow continues to reach the record highs. this is the fourth day in a row. the question is, will it close on a record high? one trader puts it this way, though. the jobs data is more significant than this record high that the dow is hitting every day. they're feeling...
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alison kosik is at the new york stock exchange. dow up, up, and i noticed earlier too the s&p hitting an intraday high. what's behind it all? >> you know, part of the reason you're seeing stocks, this trend moving higher is because some pockets are improving. you're seeing improvement in consumer spending, the housing market. not so much in the jobs market. what is really moving the markets higher is sheer momentum. it's getting a big push from the continued flow of fed stimulus money pushing down interest rates and sending investors to the best investment out there and that's stocks. that's really what's created this stellar first quarter. look at the returns that have come out of the first quarter. the dow is up 11%. the nasdaq is higher. the s&p 500 has climbed almost 10% higher and the s&p 500 just broke through its all time high and is making history today. it broke through the all time high set in october of 2007. that is just sheer momentum helping this trend of stocks moving higher as well. but remember, this is a market th
alison kosik is at the new york stock exchange. dow up, up, and i noticed earlier too the s&p hitting an intraday high. what's behind it all? >> you know, part of the reason you're seeing stocks, this trend moving higher is because some pockets are improving. you're seeing improvement in consumer spending, the housing market. not so much in the jobs market. what is really moving the markets higher is sheer momentum. it's getting a big push from the continued flow of fed stimulus money...
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alison kosik is at the new york stock exchange today. it is the last day of the first water, by all accounts it looks like a really stellar quarter, doesn't it? >> oh, it really does. right now, we're seeing a lot of green on the screen and the s&p 500 is helping that because the s&p 500 at this moment is making history, ashleigh, it broke through its all-time high of 1665. it's trading at 1667. the s&p is making its own records. this say great way to cap off quite the stunner of a first quarter. and that's adding to the positive momentum we've already seen this year. look at the returns. the dow is up 11% for the year. nasdaq is higher. and the s&p has climbed almost 10% this year. during this quarter, as i said, it wasn't just the dow hitting its highs it's also the s&p 500, this san amazing trend to watch. of course, everybody wants to know, is this trend going to continue? i wish i had a crystal ball bought this is one of those kinds of markets that muses on quick news. it could turn on bad news but it's able to shrug off the bad stu
alison kosik is at the new york stock exchange today. it is the last day of the first water, by all accounts it looks like a really stellar quarter, doesn't it? >> oh, it really does. right now, we're seeing a lot of green on the screen and the s&p 500 is helping that because the s&p 500 at this moment is making history, ashleigh, it broke through its all-time high of 1665. it's trading at 1667. the s&p is making its own records. this say great way to cap off quite the stunner...
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alison kosik is following the sorry. this could affect me and what exactly the carriers are saying about this. i don't think they would be too pleased. >> first of all, how it affects you. this will be a huge bow nous people like most of us who are really attached to oir phones that we have now. the good thing is the issue is being pushed forward because of a petition to the white house. right now it has more than 100,000 signatures. the way it is now, you've always been able to keep your phone number when you go let's say from verizon to at&t, but keeping your actual physical device hasn't necessarily been an option because most phones are considered locked and not all carriers use the same technology. and because of the ruling madeless rear by the u.s. copyright office, it's you willy illegal to unlock your own phone without authorization. could you face a half million dollar penalty and five years in prison if you try to do it. pretty nuts. so the white house and fcc agree they want this law overturned. >> i just can'
alison kosik is following the sorry. this could affect me and what exactly the carriers are saying about this. i don't think they would be too pleased. >> first of all, how it affects you. this will be a huge bow nous people like most of us who are really attached to oir phones that we have now. the good thing is the issue is being pushed forward because of a petition to the white house. right now it has more than 100,000 signatures. the way it is now, you've always been able to keep your...
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let's go to alison kosik now at the new york stock exchange. so is this really great news? good news. is this sign of a real recovery? >> it shows the jobs picture is getting brighter. the momentum is trying to build. you really want to see these numbers continue. we learned employers added 236 jobs in february. it was a blow-out number. it was a number that surprised wall street. and it is part of the reason you are seeing the dow continue its move higher. the dow up 35 points right now. the dow already hit a trifecta of records. it's probably going for a fourth. if improving jobs records has a lot to do with it. the the expectation was employers added only 170,000 positions. also the unemployment rate fell from 7.9% to 7.7%. overall, there's really not much stopping the bulls lately. one analyst puts it this way. as we get further and further from the economic crisis, people are getting more confident and want to get on the train before it leaves the station. meaning stocks. >> and so how optimistic are people? >> you know, it is getting harder and hard tore find a bear.
let's go to alison kosik now at the new york stock exchange. so is this really great news? good news. is this sign of a real recovery? >> it shows the jobs picture is getting brighter. the momentum is trying to build. you really want to see these numbers continue. we learned employers added 236 jobs in february. it was a blow-out number. it was a number that surprised wall street. and it is part of the reason you are seeing the dow continue its move higher. the dow up 35 points right now....
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i'm alison kosik. bottom of the hour now.stories we're watching for you this hour. police say a drunk driver is to bl blame for a crash that killed five members of one family. two others from the family who are in the van are in critical condition in nevada this morning. police say their vehicle was rear-ended by a drunk driver and rolled over. five people were thrown from the vehicle. the 18-year-old driver of the other car was taken into custody. so far, he's been charged with driving under the influence. >>> in california, los angeles police are asking for police he identifying two men accused of kidnapping two girl. the young girl was snatched from her bedroom in the middle of the night on wednesday, but then found 12 hours later. police have released information about one of her suspected captors, 30-year-old tobias summers. investigators are asking for anyone with information to come forward. >>> you may not recognize his name, but you've probably heard his music. music producer phil ramon, he passed away yesterday. he
i'm alison kosik. bottom of the hour now.stories we're watching for you this hour. police say a drunk driver is to bl blame for a crash that killed five members of one family. two others from the family who are in the van are in critical condition in nevada this morning. police say their vehicle was rear-ended by a drunk driver and rolled over. five people were thrown from the vehicle. the 18-year-old driver of the other car was taken into custody. so far, he's been charged with driving under...
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i am alison kosik. >> it's 4:30 out on the west coast, though. and number one, a man on the massachusetts most wanted list is now in jail. authorities say gary allen irving been the on the lamb in 1979 after he was convicted of raping three women. and police found him in the small town of gora, maine. he was watching tv with his wife and grandchild. he is due in court on monday. >>> and then a new effort to shift through debris through 9/11, and identify more victim remains. the city now has newer shifting technology. and crews will shift through 50 dump loads for weeks. >>> and then the mother and sister of a suspect accused of shooting a baby in the face is being held without bond. and also 35 educators in atlanta have been indicted in one of the biggest cheating scandals. they face charges of corruption and racketeering and are accused of changing or fabricating test scores in 2001. some of the accused face 45 years in prison if convicted, and that includes hall who denied wrong doing, and shaefrs a full participant in the conspiracy and threa
i am alison kosik. >> it's 4:30 out on the west coast, though. and number one, a man on the massachusetts most wanted list is now in jail. authorities say gary allen irving been the on the lamb in 1979 after he was convicted of raping three women. and police found him in the small town of gora, maine. he was watching tv with his wife and grandchild. he is due in court on monday. >>> and then a new effort to shift through debris through 9/11, and identify more victim remains. the...
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markets shows signs of a stronger recovery and the lunch box classic coming back to shelves, and alison kosik a rap of the headlines. >> the 10-day winning streak and the 8-day streak of record highs came to an end friday, but it was great while it lasted. the longest streak since 1996. we also saw the s&p come within two points of the all-time high on thursday before pulling back on friday. that's a major market milestone that investors will continue to watch next week. what is more behind the rally. most notably, a better than expected retail sales report that shows consumers continued to spend money in february despite higher payroll taxes and gas prices. the policies are keeping interest rates down and making the stock market the best place to go for a return on investments. and samsung's galaxy could be one of the best selling smart phones of the year. it comes with a high resolution crean, and it is lightweight because of the plastic shell. samsung is not giving any details away on the processor or price. the galaxy is expected to hit the shelves in april. >>> and then plunging to the l
markets shows signs of a stronger recovery and the lunch box classic coming back to shelves, and alison kosik a rap of the headlines. >> the 10-day winning streak and the 8-day streak of record highs came to an end friday, but it was great while it lasted. the longest streak since 1996. we also saw the s&p come within two points of the all-time high on thursday before pulling back on friday. that's a major market milestone that investors will continue to watch next week. what is more...
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Mar 12, 2013
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alison kosik is at the new york stock exchange. good morning. >> good morning.ns are contributing to these 529 savings accounts. here's the thing, though, the average 529 college savings account, it has just over $17,000. it's not really a lot of money but it is up 12% from last year. believe it or not, that's a record high. $17,000 is basically enough for one year at a public university, if you're lucky. you know, it's not all good news in this study by the college savings planet work. the number the accounts with cricks has actually fallen in each of the last three years, 49% in 2012. what that essentially means is that a lot of accountholders out are letting the market do the work. meaning they've stopped actually putting in money every year. only about 6% of college students are actually paying for college with 529 money. so the reality is, not many students are using 529s to pay for college. they're going with other options. even though we're saving more, college, we all know this, it keeps getting more and more expensive. it's just really, really hard to k
alison kosik is at the new york stock exchange. good morning. >> good morning.ns are contributing to these 529 savings accounts. here's the thing, though, the average 529 college savings account, it has just over $17,000. it's not really a lot of money but it is up 12% from last year. believe it or not, that's a record high. $17,000 is basically enough for one year at a public university, if you're lucky. you know, it's not all good news in this study by the college savings planet work....
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Mar 30, 2013
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. >> i am alison kosik. it's 7:00 in the morning. glad you are with us. health officials in oklahoma are offering free hiv and hepatitis tests today to patients of one dentist and oral surgeon. >> they say some of his staffers were unlicensed and he may have given patients expired drugs. cnn national correspondent susan candiotti is in tulsa this morning. susan, how did authorities discover this problem? >> reporter: good question, victor. good morning. they found that a man had been diagnosed with hiv and hepatitis c, and they tried to figure out how he came down with it. they were tracing his movements and found he had been to the dentist office, the office of dr. scott harrington. and that's what prompted investigators to go to the office and they found deplorable conditions including using expired drugs, and improper sterlization of equipment and rusty dental tools that would go inside your mouth. that's when they decided we have to screen all of the former patients, at least 7,000 of them, at least that's the number they know of, and that's as far as
. >> i am alison kosik. it's 7:00 in the morning. glad you are with us. health officials in oklahoma are offering free hiv and hepatitis tests today to patients of one dentist and oral surgeon. >> they say some of his staffers were unlicensed and he may have given patients expired drugs. cnn national correspondent susan candiotti is in tulsa this morning. susan, how did authorities discover this problem? >> reporter: good question, victor. good morning. they found that a man...
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Mar 15, 2013
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alison kosik at the new york stock exchange. lower but the s&p could hit a record, right? >> not so much. the bulls overall, it looks like they've run out of steam at least for the moment. hey, the day's still young. the market has plenty of time to turn around. we've got a whole day. what's weighing on the stocks for the moment, consumer sentiment for march. how they feel about the finances, the business climate. that's weighing on stocks today. we will continue to watch to see if the dow will hit yet another record. its 11th in a row. the s&p 500 that's in focus in as well because that's within striking distance of its all-time high as well at 1565. that's the magic number, moving farther and farther away. >>> a caribbean cruise nightmare ending for more than 2100 carnival passengers. the cruise ship "the dream" became a nightmare when lost power. passengers telling some the toilets stopped working briefly and started to yo flofr. carnival will fly passengers back to the united states. the first flights expected to arrive late
alison kosik at the new york stock exchange. lower but the s&p could hit a record, right? >> not so much. the bulls overall, it looks like they've run out of steam at least for the moment. hey, the day's still young. the market has plenty of time to turn around. we've got a whole day. what's weighing on the stocks for the moment, consumer sentiment for march. how they feel about the finances, the business climate. that's weighing on stocks today. we will continue to watch to see if...
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Mar 9, 2013
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alison kosik, cnn, new york. >> wow. that's incredible. just nine years old. >>> that's going to do it for me. i'm fredricka whitfield. don lemon at the top of the hour. first, rescuing the american health care system. "sanjay gupta, m.d." starts right now. >> hi there and thanks for watching. i've got a story that parents and grandparents need to hear. some daycare workers will be breaking the law if they use a very common technique to put babies to sleep. i've used this technique myself for all three of my kids. >>> also, the epidemic of drug abuse with prescription pain meds. there is a voice we often don't get to hear of children. and you're going to meet an 89-year-old woman who is completely blind and she has this amazing story about how she was able to travel the world still. let's get started. ♪ >>> first up, a new documentary that takes a hard look at my profession. medicine. it's called the escapefire and makes a controversial case. it says doctors focus too much on money, do unnecessary procedures, don't spend enough time on bas
alison kosik, cnn, new york. >> wow. that's incredible. just nine years old. >>> that's going to do it for me. i'm fredricka whitfield. don lemon at the top of the hour. first, rescuing the american health care system. "sanjay gupta, m.d." starts right now. >> hi there and thanks for watching. i've got a story that parents and grandparents need to hear. some daycare workers will be breaking the law if they use a very common technique to put babies to sleep. i've...
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Mar 19, 2013
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alison kosik is live in concord, new hampshire, where they could get a foot and a half of snow. alison, you still think it's pretty out there this morning? >> i still think it's pretty. come on, look at this. this is the state house. can you get more picturesque than that? i want to put that on a postcard. if you're going to get a late winter storm with spring literally tomorrow it should be snow like this. this is the kind of snow that's great when you want to go skiing because the ski resorts they're really enjoying this. now as far as what's expected today, accumulations up to a foot, maybe more by midnight. so expect to see about an inch of snow accumulations per hour today. but you know, new hampshire has had it pretty easy the past couple of winters. this winter, though, it's been a little bit more difficult. and after the 72 inches have fallen for the wintertime, compared to 55 inches last year. so yeah, they are getting hit lately with a sort of one-two punch of many storms all at once. plows are ready. this is easy for them. they've got it down to a science in concord. >
alison kosik is live in concord, new hampshire, where they could get a foot and a half of snow. alison, you still think it's pretty out there this morning? >> i still think it's pretty. come on, look at this. this is the state house. can you get more picturesque than that? i want to put that on a postcard. if you're going to get a late winter storm with spring literally tomorrow it should be snow like this. this is the kind of snow that's great when you want to go skiing because the ski...
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Mar 16, 2013
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alison kosik reports on how to make your password more secure.obably according to the app developer splash data, the two most popular passwords are "1-2-3-4-5-6" and believe it or not, "password." you know those four-digit pins at the bank? 1 in every 10 is simply "1234," making it much easier for criminals to steal your personal information. most experts recommend more complicated passwords, perhaps ones that come from abbreviating sentences: for example, the sentence, "the best tv show was sanford and son," would translate to the password: "tbtvsws-ampersand-s" experts also caution against using actual words, your birthday, or other notable dates. but what about those password reset questions, like what's your mother's maiden name, or who was your childhood best friend? those too can put you at risk--in fact, that's how scarlett johansson's email got hacked. experts say the best way to protect yourself when it comes to these questions is simply just to make stuff up--say that your father's middle name is superman, for example. i'm alison kosik
alison kosik reports on how to make your password more secure.obably according to the app developer splash data, the two most popular passwords are "1-2-3-4-5-6" and believe it or not, "password." you know those four-digit pins at the bank? 1 in every 10 is simply "1234," making it much easier for criminals to steal your personal information. most experts recommend more complicated passwords, perhaps ones that come from abbreviating sentences: for example, the...
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Mar 28, 2013
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alison kosik at the new york stock exchange. hi, allison. >> hi, carol, news of gdp, 4% growth is good news. i wouldn't pop the champagne bottles just yet this was revised higher from .1%. helped by an increase in consumer spending. the reality is with the number, the last quarter of last year, october through december, you saw the economy stalling out this is anemic growth. not even half a percent and way down from the third skwaurter which is 3.1%. what was worrying the economy? remember the fiscal cliff. the biggest drag we saw in the last three months of last year is government spending, federal and local. sheer the good news. economists are raising their forecasts for the first three months of this year. the first quarter, saying they expect gdp to show the economy accelerated and it picked up steam in the first quarter and thinking it through the 2% to 3% range, important despite the government tightening its belt. people are spending more money, the housing market is improving and the thinking is that helped the economy.
alison kosik at the new york stock exchange. hi, allison. >> hi, carol, news of gdp, 4% growth is good news. i wouldn't pop the champagne bottles just yet this was revised higher from .1%. helped by an increase in consumer spending. the reality is with the number, the last quarter of last year, october through december, you saw the economy stalling out this is anemic growth. not even half a percent and way down from the third skwaurter which is 3.1%. what was worrying the economy?...
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Mar 11, 2013
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alison kosik, how do they get this number?ou crunch that number, by the way, the $434 million, you divvy it up, it actually only amounts to $1.65 a person across the country. here's where the money comes out of. there is a study compile ed by e group called sleep better. it took into account all the things that happened, we lose an hour of sleep. forget the fact that we feel exhausted today, but there is an increased risk that you'll get hurt in the workplace, and increased risk you'll have a heart attack, and what they call cyber loafing, which means you're less productive, less alert at work, going to spend more time on line playing words with friends, doing some online shopping. and we saw certain parts of the country more impacted by this more than others. west virginia was one of the hot spots that lost a lot of money. $3.38 a person. the next three on the list, most of west virginia as well, and parts of ohio and kentucky. those places, why there? it is coal country. you don't want coal miners losing sleep because they h
alison kosik, how do they get this number?ou crunch that number, by the way, the $434 million, you divvy it up, it actually only amounts to $1.65 a person across the country. here's where the money comes out of. there is a study compile ed by e group called sleep better. it took into account all the things that happened, we lose an hour of sleep. forget the fact that we feel exhausted today, but there is an increased risk that you'll get hurt in the workplace, and increased risk you'll have a...
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alison kosik i sent them on to his great time and of course there was an incident where by nineteen people were shot by opposition snipers and the mainstream media tried to portray that it was so cool to have as thugs who had opened fire on his own people of course a very infamous documentary since then has exposed that what that was completely false and that the mainstream media distorted the images and that in fact there was opposition snipers who had been responsible for those two things so you know there has been blatant times in the past by by the united states to get rid of taboos and they have made no bones about the fact that they want to see him go and of course there are many prominent us but it's all right lazio we're going to have to we're going to wrap it up i know a lot of people are concerned about the future of venezuela and the vulnerability of the country now that chavez is going to stand up to western imperialism unfortunately we don't have time to talk about that thank you so much for coming on r.t. correspondent from. feel like we see so far how do our you tube channel
alison kosik i sent them on to his great time and of course there was an incident where by nineteen people were shot by opposition snipers and the mainstream media tried to portray that it was so cool to have as thugs who had opened fire on his own people of course a very infamous documentary since then has exposed that what that was completely false and that the mainstream media distorted the images and that in fact there was opposition snipers who had been responsible for those two things so...
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Mar 2, 2013
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alison kosik wraps up the week in business. >> hi, victor and brianna, it was quite the roller coasterwall street, but no new record high for the dow. still the threat of forced spending cuts didn't really affect market movement this week. investors have factored the cuts into their thinking for months. and stocks remain attractive because the federal reserve continues to pour in the stimulus. bernanke told congress the fed had no plans to rein in the spending on bonds. bernanke said recent gains in the stock market are justified but he did warn that government spending cuts would put a significant burden on the economy. >>> jc penney's ceo ron johnson says never mind about that revolutionary new strategy the retailer launched last year, jc penney reported an almost 30% drop in sales for 2012. profit margins, yeah, they shrunk, as well. reaction to the new strategy has been so bad penney's had to sell so much more stuff on clearance that they're losing more money than in the old days of sales and coupons. guess what, the weekly sales, they're coming back. >>> barnes and noble founder a
alison kosik wraps up the week in business. >> hi, victor and brianna, it was quite the roller coasterwall street, but no new record high for the dow. still the threat of forced spending cuts didn't really affect market movement this week. investors have factored the cuts into their thinking for months. and stocks remain attractive because the federal reserve continues to pour in the stimulus. bernanke told congress the fed had no plans to rein in the spending on bonds. bernanke said...
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Mar 13, 2013
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. >> catherine: you may want to think twice the next time you click alison kosik is in new york withour "likes" reveal about you. >> reporter: have you ever "liked" lord of the rings or thunderstorms on facebook? if so - you may have a high iq. that's according to a new study from the university of cambridge. researchers there say they can predict things like people's gender, race and even smoking habits just from their facebook likes. the study combed through data from more than 58k facebook users in the u-s. likes were able to prove users' race and gender 95 and 93% of the time. users' sexual orientation and political leanings were identified 88 and 85% of the time. some of the links found seem a bit obvious - but others not so much. for example - if you "like" covergirl - chances are you're a woman. and if you like the bible - you're probably a christian. but there are some that even the researchers say have no obvious connection - like the link between curly fries and high iq. the study says facebook likes are almost as informative as questions on personality tests. with that typ
. >> catherine: you may want to think twice the next time you click alison kosik is in new york withour "likes" reveal about you. >> reporter: have you ever "liked" lord of the rings or thunderstorms on facebook? if so - you may have a high iq. that's according to a new study from the university of cambridge. researchers there say they can predict things like people's gender, race and even smoking habits just from their facebook likes. the study combed through...
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Mar 9, 2013
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i'm alison kosik in new york. >> pam: wrigley's is developing a new product - a caffeinated gum.ave about as much caffeine as a half of cup of coffee. the gum will come in a variety of flavors including fruit and mint. the company is warning people that the new gum is not recommended for children. the gum is set to hit stores in april. >> a new study shows that people with financial incentives are more likely to lose weight. the study divided 100 clinically obese adults into two groups. one group received 20- dollars a month if they lost four pounds. if they didn't they would have to pay 20-dollars. according to the study 62- percent of those who were earning money for their weight loss stuck it out for an entire year. meanwhile only 26-percent of those who weren't paid lasted the whole year. >> pam: a cruise ship in florida is getting a thorough scrub-down after 105 passengers and three crew members came down with the norovirus. the royal caribbean ship "vision-of-the-seas" was at sea for a ten-day tour of the caribbean but had to dock today. according to the centers for disease
i'm alison kosik in new york. >> pam: wrigley's is developing a new product - a caffeinated gum.ave about as much caffeine as a half of cup of coffee. the gum will come in a variety of flavors including fruit and mint. the company is warning people that the new gum is not recommended for children. the gum is set to hit stores in april. >> a new study shows that people with financial incentives are more likely to lose weight. the study divided 100 clinically obese adults into two...
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Mar 14, 2013
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alison kosik at the stock exchange.ble that the stock market is behaving in this way. >> i know. you have to look at the fine print. what's interesting in the record-breaking streak that the dow is on, the dow breaking records every day, it sounds great. but it's doing just barely. the dow eeked out a five-point gain. the day before that, ended two points higher, technically, a record. every day the dow ends higher when it broke through the level of 14,164. but there aren't many traders in the game right now. that's the reality. that could put gains in jeopardy every single day. so could random piece of negative news. for now, we're on s & p 500 record watch. the dow already hit it. now the s & p 500's turn which would be bigger because of your 401(k), portfolio, tracks that index. it hit its all-time record high of 16,055. that could give momentum to the whole market to move higher. >> we'll see. alison kosik, live at the new york stock exchange. >>> coming up, sarah palin and donald trump. more outspoken republicans i
alison kosik at the stock exchange.ble that the stock market is behaving in this way. >> i know. you have to look at the fine print. what's interesting in the record-breaking streak that the dow is on, the dow breaking records every day, it sounds great. but it's doing just barely. the dow eeked out a five-point gain. the day before that, ended two points higher, technically, a record. every day the dow ends higher when it broke through the level of 14,164. but there aren't many traders...
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Mar 14, 2013
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alison kosik is live at the stock exchange. rachel nichols joins me to talk sports.th the dow. alison kosik, dow pretty much going gang busters for ten straight days in the green. good news. >> great news. you know, the last time the dow had this kind of winning streak that lasted this long, it was 1996. you know what, each day the dow has gone up since last tuesday has been a brand new record. here's the thing with this rally, it's not a lot of traders in the game at this point. volume has been really low. many investors are sitting on the sidelines. they are waiting to see what happens next. one analyst puts it this way saying this is water torture for the bulls and the bears, as well. the optimists are worried about the momentum slowing. the pessimists are nervous about the upticks we're seeing. nobody wants to get off the train too early or on too late. here's the reality, though, the harsh reality, it can't last forever. the question is, when is it going to turn? another expert says everyone has their finger on the trigger waiting to pull it when the moment is r
alison kosik is live at the stock exchange. rachel nichols joins me to talk sports.th the dow. alison kosik, dow pretty much going gang busters for ten straight days in the green. good news. >> great news. you know, the last time the dow had this kind of winning streak that lasted this long, it was 1996. you know what, each day the dow has gone up since last tuesday has been a brand new record. here's the thing with this rally, it's not a lot of traders in the game at this point. volume...
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alison kosik live at the new york stock exchange. alison, it was fun while it lasted. >> it was. streak you're talking about has cooled off. there is about an hour to go before the closing bell. it could still turn around. i say prepare to say good-bye to the dow's winning streak. but it is a nice run. the dow set a new record ten days in a row. and even as we see all that red smattering on the screen there, we continue watching for the s&p 500 to hit its all time record high of 1565. if the s&p hits its record, that's a bigger deal than the dow hitting all those records. the s&p 500 is just that, it is 500 stocks. so it is more representative of the health of the stock market than the dow which is only 30 stocks. also, mutual funds, you'll be able to notice it is moving higher, even though it is a little lower. looked at your portfolio lately? the s&p 500 is up more than 9% for the year. that should feel pretty good. >> yea. i'm happy. a lot of people are as well watching this. thank you, alison kosik, appreciate it. >>> speaking of winning streaks, also streaking, lebron's team
alison kosik live at the new york stock exchange. alison, it was fun while it lasted. >> it was. streak you're talking about has cooled off. there is about an hour to go before the closing bell. it could still turn around. i say prepare to say good-bye to the dow's winning streak. but it is a nice run. the dow set a new record ten days in a row. and even as we see all that red smattering on the screen there, we continue watching for the s&p 500 to hit its all time record high of 1565....
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alison kosik is live in concord, new hampshire. ampling the weather for us this morning. >> and it's quite beautiful, zoraida. you know, if there's going to be a late-winter snowstorm with spring literally tomorrow, this is the way to really do it. yeah, the snow is falling at a pretty good clip, but look how picturesque this is. how pretty is that? almost like a postcard. here in concord, new hampshire, they've got this snow thing down to a science. the plows have been going back and forth on the downtown streets here. they've done a really good job clearing the street, getting ready for the morning commute. here's what's expected today. heavy accumulations are expected to continue throughout the day here in concord up until midnight tonight, of about an inch or more every hour. so, yeah, they're expected to get up to a foot or even more by the time all is said and done. but this is a pretty snow. look how pretty it is. and you don't have that blowing wind going on. so it's not uncomfortable to stand out here, zoraida. >> i'm lovin
alison kosik is live in concord, new hampshire. ampling the weather for us this morning. >> and it's quite beautiful, zoraida. you know, if there's going to be a late-winter snowstorm with spring literally tomorrow, this is the way to really do it. yeah, the snow is falling at a pretty good clip, but look how picturesque this is. how pretty is that? almost like a postcard. here in concord, new hampshire, they've got this snow thing down to a science. the plows have been going back and...
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Mar 4, 2013
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i want to take you straight to alison kosik. is this worries about global growth, putting the talk of the record -- i thought we would hit it by today. >> so much for the dow record for the moment. one trader puts it this way telling me the market is kind of tired at this point. you look at the movement hire that happened last week. it wasn't really strong or robust. taking some of the wind out of the dow's sails at this point is china. china is putting the brakes on its overheating housing market. trying to keep a bubble from forming in the housing market as the prices continue to go up. the government is instituting bigger restrictions on home buying and higher loan rates and that stifles growth in a product that happens to be a trade partner. those rogue concerns are weighing on stocks today. the forced spending cuts is having an impact today. all of that had a chance to marinade over the weekend for investors. now you're seeing a little bit of that happen on the screen, seeing some of that red because the realization is hitt
i want to take you straight to alison kosik. is this worries about global growth, putting the talk of the record -- i thought we would hit it by today. >> so much for the dow record for the moment. one trader puts it this way telling me the market is kind of tired at this point. you look at the movement hire that happened last week. it wasn't really strong or robust. taking some of the wind out of the dow's sails at this point is china. china is putting the brakes on its overheating...
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Mar 1, 2013
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alison kosik is at the new york stock exchange.e. who are like a lead balloon. but this was all part of andrew mason's contract. the company is obligated to pay out half of his salary, and guess what, he cut his own salary to $756.72 after groupon went public in 2011. divide that by two, that's $378.36. nice severance. but before you cry any tears for him, he'll be okay. he also gets to keep his 47 million shares of groupon and even though the stock has been taking quite a beating, down 80% since it went public, it's still worth over $200 million. and i know what you're thinking. why would he cut his salary like that? it is common especially if you're in the tech industry for these ceos to drop their salary down to $1. facebook's mark zuckerberg did it, hp's meg whitman, all in the one buck club. mason, though, as always been quirky. i want to show you some of his memo to his employees yesterday. he said, "i've decided that i'd like to spend more time with my family. just kidding. i was fired today. if you're wondering why, you hav
alison kosik is at the new york stock exchange.e. who are like a lead balloon. but this was all part of andrew mason's contract. the company is obligated to pay out half of his salary, and guess what, he cut his own salary to $756.72 after groupon went public in 2011. divide that by two, that's $378.36. nice severance. but before you cry any tears for him, he'll be okay. he also gets to keep his 47 million shares of groupon and even though the stock has been taking quite a beating, down 80%...
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alison kosik at the new york stock exchange.o the battle of unlocking your phone, first of all? >> so the white house, brooke, took notice of this after a petition posted on its website which has more than 100,000 signatures. so the way it is now, you always have been able to keep your phone number when you, let's say, go frommer have risen to at -- verizon to at&t but keeping the physical device hasn't been an option because most cell phones are locked and because of a ruling last year by the u.s. copy right office, it is illegal for consumers to unlock phones without getting authorization for it. if you try to do it, you can face a half million dollar penalty and five years in prison. pretty crazy. the white house and the fcc agree they want this law overturned so consumers can have more freedom to switch carriers and for all their phones to become unlockable when the contracts are up. the wireless carriers think it is much ado about nothing. at&t says it is always been willing to unlock devices once you fulfilled terms of the
alison kosik at the new york stock exchange.o the battle of unlocking your phone, first of all? >> so the white house, brooke, took notice of this after a petition posted on its website which has more than 100,000 signatures. so the way it is now, you always have been able to keep your phone number when you, let's say, go frommer have risen to at -- verizon to at&t but keeping the physical device hasn't been an option because most cell phones are locked and because of a ruling last...
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alison kosik is at the new york stock exchange.>> i'm feeling a little bad for the guy. >> no, no, no. don't shed any tears for this guy. he's going to be okay. he also gets to keep 47 million shares of groupon he has. it is still worth over $200 million. as far as the severance you're talking about, it is part of his contract. the company is obligated to pay out half of his salary and just goes -- coincidence, he cut his own salary to $756.72 after groupon went public. you divide that by two, $378.36, yes, that's his severance. this kind of thing is pretty common, especially in the tech industry for ceos to do, to drop their salary down to a buck. mark zuckerberg, eric schmidt, all in the one buck club. mason, though, he's always been a little quirky as you can tell from the resignation letter. he got a little serious in that letter, though. he said he's okay with having failed this part of the journey. we, however, are still trying to figure out what the heck is the significance of that salary that he picked? $756.72, we're tryin
alison kosik is at the new york stock exchange.>> i'm feeling a little bad for the guy. >> no, no, no. don't shed any tears for this guy. he's going to be okay. he also gets to keep 47 million shares of groupon he has. it is still worth over $200 million. as far as the severance you're talking about, it is part of his contract. the company is obligated to pay out half of his salary and just goes -- coincidence, he cut his own salary to $756.72 after groupon went public. you divide...
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want to bring in richard quest out of london and alison kosik in new york. richard, start with you here. you know, cyprus, very small, small country. but people say this is really the cayman islands, if you will, of europe for investors particularly russian investors. so what does this mean? >> well, the actual importance of cyprus to the eurozone, it is less than half a point, tsz minuscule. however, the way they have decided to bailout cyprus is revolutionary. they have said that all people with deposits in the bank will be taxed on them. under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than these people are going to pay, wh
want to bring in richard quest out of london and alison kosik in new york. richard, start with you here. you know, cyprus, very small, small country. but people say this is really the cayman islands, if you will, of europe for investors particularly russian investors. so what does this mean? >> well, the actual importance of cyprus to the eurozone, it is less than half a point, tsz minuscule. however, the way they have decided to bailout cyprus is revolutionary. they have said that all...
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let's go to alison kosik phone the floor of the new york stock exchange. levels we haven't seen in years. >> reporter: exactly. big numbers to talk about. it's been more than five years since we've seen the dow at levels like this. you know, it's interesting thing, though, look at how the economy's doing. there's a disconnect between what we're seeing on the board, how the market's up so high, what real americans are feeling. look at unemployment rate 7.9%, 12 million americans out of work. it's almost like investors think that the economy's in full throttle expansion mode and the reality is it isn't. look at gdp, in the last quarter of last year, last three months of last year, it barely grew. gdp was up .1%. that's only up a little bit. look at housing prices. we are seeing a recovery in the housing market. housing prices are way off their highs. washington, i don't need to tell you this. washington is a dysfunctional mess. also concerns about europe and a possible slowdown in china as well. our biggest trading partner. companies are doing all they can t
let's go to alison kosik phone the floor of the new york stock exchange. levels we haven't seen in years. >> reporter: exactly. big numbers to talk about. it's been more than five years since we've seen the dow at levels like this. you know, it's interesting thing, though, look at how the economy's doing. there's a disconnect between what we're seeing on the board, how the market's up so high, what real americans are feeling. look at unemployment rate 7.9%, 12 million americans out of...
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alison kosik is in concord, new hampshire. nice to see you out there. outdoors, change of pace there. a foot and a half of snow, really? >> reporter: i know. you know it certainly doesn't feel like today is the last day of winter. people i've talked with said, spring? spring is tomorrow? it doesn't look that way. if snow had to fall it doesn't hurt it's so pretty. look how picturesque. it's like a postcard. the snow actually, the snow that's falling is good snow, good snow for building snowmen, good for skiing. ski resorts are enjoying it. a lot of people are sick of this. it's the end of march, spring is tomorrow and they want to put the snow behind them. it doesn't look like that's happening today. >> what about last year. >> kind of a different story, yeah, different picture? >> reporter: yeah. you know, today's march 19th. march 19th last year, would you believe it was 81 degrees. 81 degrees. look at what it is today. it has been a rough winter here for nose new hampshire. an average of 72 inches of snow have fallen for the one ter season compared t
alison kosik is in concord, new hampshire. nice to see you out there. outdoors, change of pace there. a foot and a half of snow, really? >> reporter: i know. you know it certainly doesn't feel like today is the last day of winter. people i've talked with said, spring? spring is tomorrow? it doesn't look that way. if snow had to fall it doesn't hurt it's so pretty. look how picturesque. it's like a postcard. the snow actually, the snow that's falling is good snow, good snow for building...
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alison kosik looks at why the company decided it was time for a change. >> bigger photos, your choiceacebook is getting a makeover. the social network unveiled the announcement wednesday afternoon. >> we believe the best personalized newspaper should have a broad diversity of content. it should have high-quality public content from world-renounld sources and socially and locally relevant updates from family, friends and people armed you. >> reporter: the updates are meant to give users more control over their feeds and
alison kosik looks at why the company decided it was time for a change. >> bigger photos, your choiceacebook is getting a makeover. the social network unveiled the announcement wednesday afternoon. >> we believe the best personalized newspaper should have a broad diversity of content. it should have high-quality public content from world-renounld sources and socially and locally relevant updates from family, friends and people armed you. >> reporter: the updates are meant to...
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alison kosik joins us live from the new york stock exchange. alison, it looks like the markets are firing on all cylinders. >> jake, the economy may not be but the market certainly is. you look at the dow. starting a few weeks ago it's been hitting record high after record high. today it was the s&p 500's turn to make history. look at the s&p 500. it broke through the 1565 level. the all-time high set in october, 2007. it hit that and blew past it today. this is a big day, because it is the last day of the first quarter. i'll tell you what. what a stellar quarter it's been. look at the dow up 11% since the beginning of the year. the nasdaq is higher. the s&p 500 is up 10%. you know, this market really seemed to be riding a nice wave even when there is bad news to turn the market around the market shrugged it off. so for now the path of least resistance seems to be upward. helping stocks in the first quarter definitely netflix. if you own netflix you're doing pretty well. shares have more than doubled in value since the beginning of the year. sha
alison kosik joins us live from the new york stock exchange. alison, it looks like the markets are firing on all cylinders. >> jake, the economy may not be but the market certainly is. you look at the dow. starting a few weeks ago it's been hitting record high after record high. today it was the s&p 500's turn to make history. look at the s&p 500. it broke through the 1565 level. the all-time high set in october, 2007. it hit that and blew past it today. this is a big day, because...
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. >>> bottom of the hour now, welcome back, everybody, i'm alison kosik.at some of the stories this morning. first up, 35 educators in atlanta have been indicted in one of the biggest cheating scandals to hit the nation's public school system. they face charges of corruption and racketeering accused of fabricating test scores for years and profiting from it, that includes formerly superintendent beverly hall who once won national superintendent of the year. she faces up to 45 years in prison. >>> starting monday new york city will start a new effort to sift through debris of 9/11 to identify victims' remains. 1,000 victims have not been identified. but the city has newer sifting technology. crews will search through 60 dump truckloads of debris for about ten weeks. >>> in georgia a city commissioner is in trouble with the law for speaking with the family of a suspect accused of shooting a baby boy in his stroller. james henry brooks is charged with influencing a witness. his attorney says it's a misunderstanding. >> it wasn't his intent to interview with t
. >>> bottom of the hour now, welcome back, everybody, i'm alison kosik.at some of the stories this morning. first up, 35 educators in atlanta have been indicted in one of the biggest cheating scandals to hit the nation's public school system. they face charges of corruption and racketeering accused of fabricating test scores for years and profiting from it, that includes formerly superintendent beverly hall who once won national superintendent of the year. she faces up to 45 years in...
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we're bringing in alison kosik at the new york stock exchange. what do we think? of the excitement over now? >> it's funny you say only 43 points. there aren't any bells or whistles today. but you know what's happening again suz aen is that the dow is reaching another record high. basically reaching a new record high every day it doesn't close lower. if the dow closes higher today, still has to close, it would be the fifth record high for the dow -- the fifth in a row. that's after wrapping up one of the best weeks of the year on friday. of the major averages, you know, they've gained more than 2% for last week. already if you look at the year, the major averages are up anywhere from 7% to 10%. as far as today investors are looking for another spark. they're not really finding it today, but they are trading stocks a little higher. the focus is really coming on wednesday, suzanne, the sales report comes out giving an idea of how consumers are holding up after delayed tax refunds and higher gas prices. right now the focus is on wednesday. that could be a game change
we're bringing in alison kosik at the new york stock exchange. what do we think? of the excitement over now? >> it's funny you say only 43 points. there aren't any bells or whistles today. but you know what's happening again suz aen is that the dow is reaching another record high. basically reaching a new record high every day it doesn't close lower. if the dow closes higher today, still has to close, it would be the fifth record high for the dow -- the fifth in a row. that's after...
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alison kosik has been watching. why exactly is the dow as exciting as it is?> that is really the money question. you sit and you ask just about any trader on this floor and they'll tell you this rally is really being driven by the federal reserve. what the fed is doing is it's buying up $85 billion worth of treasuries. and mortgage backed securities every single month and what that's doing is pushing interest rates lower and making stocks the more positive investment for people. really the only game in town for many looking to make money. so you do see the disconnect. but at the same time, we have come quite a ways because the last time we were at levels even close to this, it was more than five years ago and since then, the recession has gone, unemployment has spiked and gone down a bit, our u.s. debt has been downgraded, but interestingly enough, it's not just the dow. it's also the s&p 500. we're watching that level and although the s&p 500 isn't always get the bells and whistles of the headlines, it is the index that really our 401 ) 401(k)s track. so it c
alison kosik has been watching. why exactly is the dow as exciting as it is?> that is really the money question. you sit and you ask just about any trader on this floor and they'll tell you this rally is really being driven by the federal reserve. what the fed is doing is it's buying up $85 billion worth of treasuries. and mortgage backed securities every single month and what that's doing is pushing interest rates lower and making stocks the more positive investment for people. really the...
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alison kosik, explain this. >> so, yeah, this involves almost 50,000 vehicles. and what's happening is these cars run the risk of these ghost-like potential just to sort of start themselves without any human getting involved. but this recall applies to about 47,000 2010 and 2013 legacy outbaou outback and impreza models. if you drop your key fo b, it cn tell the engine to start. it will start and stop until it runs out of gas and there could be a risk of a carbon monoxide build up if the car is in the garage. so if you have one of these car, the suggestion is that you replace the key fob, go to your dealer, you can get it free of charge. >> all right. thank you very much. appreciate it. >>> thank you stop you so much joining us. the newsroom continues with ashleigh banfield. you've been doing a lot of jodi arias stuff. you're the court tv lady. >> do you know what, every so often, like every decade is teams, a case comes along that high school has details that just floor you. but at the same time, have questions about injujurispruden that are very legitimate, an
alison kosik, explain this. >> so, yeah, this involves almost 50,000 vehicles. and what's happening is these cars run the risk of these ghost-like potential just to sort of start themselves without any human getting involved. but this recall applies to about 47,000 2010 and 2013 legacy outbaou outback and impreza models. if you drop your key fo b, it cn tell the engine to start. it will start and stop until it runs out of gas and there could be a risk of a carbon monoxide build up if the...