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Feb 3, 2010
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you're watching cnbc, first in business worldwide. >>> the ai dpshgs bonus controversy continues. the administration's pay czar predicting hefty bonuses for employees would end in march and deny claims by republicans that the move outmaneuvered the obama administration. mary thompson joans us with the story. >> the latest comes as aig is set to pay out roughly $100 million if bonuses for 2009 for most employees through the financial -- what the lower figure due to fewer employees there and the 97% who stayed agreeing to lower payouts. still coming on top of the $165 million in bonuses paid last year and the $180 billion government bailout necessitated pie risky bets taken by the financial products unit. aig's bonuses remain a sore spot for government officials. tim geithner saying this to congress earlier today. >> those contracts were outrageous. they should never have been permitted. >> permitted through contracts signed in december 2007 before the government bailout. a fact that failed to sway republican senator charles grassley wh
you're watching cnbc, first in business worldwide. >>> the ai dpshgs bonus controversy continues. the administration's pay czar predicting hefty bonuses for employees would end in march and deny claims by republicans that the move outmaneuvered the obama administration. mary thompson joans us with the story. >> the latest comes as aig is set to pay out roughly $100 million if bonuses for 2009 for most employees through the financial -- what the lower figure due to fewer employees...
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Feb 5, 2010
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you're watching cnbc, first in business worldwide. more wings ! no way he'll be in first thing tomorrow. only alka-seltzer relieves your upset stomach, heartburn, indigestion and headache... so you're good to go in the morning. you're late. alka-seltzer brings you back. host: could switching to geico 15% or more on car insurance? host: does charlie daniels play a mean fiddle? ♪ fiddle music charlie:hat's how you do it son. vo: geico. 15 minutes could save you 15% or more on car insurance. >> okay. we want to show you a chart of crude oil right now because it is in the middle of a fierce sell-off. look at that. it's down three bucks, 4.5% on the day. one of the reasons is the dollar index which we surged to a nine-month high overnight. this is part of the collapse of the euro which is boosting the dollar and exporting detlagz. that's really a part of the story. gold, too. i don't know if we have a gold chart. this is what bothers me. this is what bothers me. new details at j.p. morgan. mary thompson has the breakdown. >> hi there, larry. 16.1 milli
you're watching cnbc, first in business worldwide. more wings ! no way he'll be in first thing tomorrow. only alka-seltzer relieves your upset stomach, heartburn, indigestion and headache... so you're good to go in the morning. you're late. alka-seltzer brings you back. host: could switching to geico 15% or more on car insurance? host: does charlie daniels play a mean fiddle? ♪ fiddle music charlie:hat's how you do it son. vo: geico. 15 minutes could save you 15% or more on car insurance....
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Feb 25, 2010
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cnbc's jim goldman is at cupertino, california, with the latest. jim?reporter: maria, good evening to you. yeah the apple shareholders' meeting wrapped up about 90 minutes ago. it was rather volatile day for apple's shares. get do that in a second. this was steve jobs' first opportunity to address his shareholders directly since returning to the company from his medical leave last summer. earlier today, maybe perhaps some investors were hoping for some kind of stock's split. that didn't happen. there was no announcement of any kind as far as a stock's split is concerned. the company did make news, however, as far as this penetration of china is concerned. when asked a direct question the company's executive in charge of retail, ron johnson, said that apple does plan to open as many as 25 stores in china over the next two years. but shareholders did have a chance to ask some direct questions of steve jobs. and there was a big focus on the company's $40 billion in cash in the bank regarding a dividend or a stock repurchase. steve jobs gave an emphatic, no
cnbc's jim goldman is at cupertino, california, with the latest. jim?reporter: maria, good evening to you. yeah the apple shareholders' meeting wrapped up about 90 minutes ago. it was rather volatile day for apple's shares. get do that in a second. this was steve jobs' first opportunity to address his shareholders directly since returning to the company from his medical leave last summer. earlier today, maybe perhaps some investors were hoping for some kind of stock's split. that didn't happen....
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cnbc contributor kevin ferry of cronus futures management.evin, have you been busy the last couple of days? are you an expert now on -- >> good morning, joe. >> do you know all the currency in some of these countries? what is it in the ukraine, do you know? that's one of the s.tu.p.i.d. countries, right? spain, turkey, portugal and ireland? >> right. >> kevin, is anything on the money markets showing we're on the cusp of what we already went through or is this sort of the consequences of what we already went through? >> perfectly put. i think mr. schork was into the same thing in oil, applying to the whole ball of wax. so no, joe, the short answer that the indicators of crisis through the banking industry that were early two years ago and a year and a half ago, they were early indicators that things were going wrong and have remained quite stable. they are still being botched by the central banks heavily, but that's a good thing. and i think that the key thing here is that you're really dealing with a market that is driven by liquidation of a
cnbc contributor kevin ferry of cronus futures management.evin, have you been busy the last couple of days? are you an expert now on -- >> good morning, joe. >> do you know all the currency in some of these countries? what is it in the ukraine, do you know? that's one of the s.tu.p.i.d. countries, right? spain, turkey, portugal and ireland? >> right. >> kevin, is anything on the money markets showing we're on the cusp of what we already went through or is this sort of...
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Feb 25, 2010
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>>> welcome to "worldwide exchange" on cnbc. in the headlines, toyota once again in a focus after the company's president says he is deeply sorry for safety lapses or promises. meanwhile, here in europe, rbs posted losses, says the worst may be over. credit agricole says it's upbeat for this year. >> in the united states, the spotlight shines today, ben bernanke is back on the hill and president obama's high profile health care summit. >> hello there. a warm welcome to "worldwide exchange." it's chloe cho in asia where it's just past 5:00 p.m. in singapore. a similar scene that we saw as yesterday, of course, investors picking up on bernanke's comments. going forward, could be weak. of course, we had some weak housing numbers, as well, along with disappointing consumer confidence this week. take a look at the damage report. the yen is not helping. nor are the toyota woes. the hang seng, slightly off the shanghai composite. we did have the auction yield on three-month bills along with one-year bills earlier this week that left th
>>> welcome to "worldwide exchange" on cnbc. in the headlines, toyota once again in a focus after the company's president says he is deeply sorry for safety lapses or promises. meanwhile, here in europe, rbs posted losses, says the worst may be over. credit agricole says it's upbeat for this year. >> in the united states, the spotlight shines today, ben bernanke is back on the hill and president obama's high profile health care summit. >> hello there. a warm...
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, cnbc contributor and ceo of richard bernstein capital management. rich, let me kick this off with you. your expectations for the employment report, one of your themes going into the trouble we've been seeing now is the dollar strengthened in 2010. seeing that perhaps earlier than you expected? >> i wouldn't say i expected the dollar to appreciate as much as it did in the first five weeks of the year, that was one of the big themes we put forth for the year was that people were underestimating the dollar, that as inflation pressures heated up, as the nominal economy began to heat up, there would be upward pressure on short-term interest rates and that would support the dollar. the problem was that everybody was in the so-called dollar carry trades, borrowing cheaply in dollars to go by commodities, emerging markets or gold or anybody else. our story was you want to be extremely cautious on anything related to that dollar carry trade. we're seeing that right now as the dollar appreciates and the trades are unwinding. >> for sure. we have real worries
, cnbc contributor and ceo of richard bernstein capital management. rich, let me kick this off with you. your expectations for the employment report, one of your themes going into the trouble we've been seeing now is the dollar strengthened in 2010. seeing that perhaps earlier than you expected? >> i wouldn't say i expected the dollar to appreciate as much as it did in the first five weeks of the year, that was one of the big themes we put forth for the year was that people were...
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let's check the ftse cnbc global 300 index. it should be showing a negative session. down heavily, 4,215. ross, quite a bleak picture here in asia. >> yeah, christine, we have continued that sell-off here in europe. we're off the session lows an hour into the trading day. sectors that are weak are financial services, resources, insurance, construction and gas. teleconis the only sector that is up. we had vodafone coming out and supporting that market. nicole, a very good morning to you. >> a very good morning to you, ross. here in the united states, we're just minutes past 4 oshg in the morning. markets are relatively flat across the board after yesterday's huge sell-off. the dow is actually up above fair value 17 points right now. recently narrowing to its worst day since july. but it is jobs, jobs, jobs here in the united states. we're looking to see if the market will turn the tide on that news. christine 3/. >> nicole, joining us for the next hour is jewelace and gentlemen, thank you very much for being with us. anata, first of all, we're seeing this reaction in t
let's check the ftse cnbc global 300 index. it should be showing a negative session. down heavily, 4,215. ross, quite a bleak picture here in asia. >> yeah, christine, we have continued that sell-off here in europe. we're off the session lows an hour into the trading day. sectors that are weak are financial services, resources, insurance, construction and gas. teleconis the only sector that is up. we had vodafone coming out and supporting that market. nicole, a very good morning to you....
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Feb 3, 2010
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back to you. >> that was cnbc's tokyo bureau chief. for more, now we have our guest from tokyo, the senior analyst at shinsei securities and staying with us is douglas isles. let me ask you, honda best quarter in 1 1/2 years. honda raising its outlook. to what extent do you think honda can benefit from toyota's problems? >> the current program has just been limited to toyota. so that why are you people going away from toyota? they prefer and still prefer to stick to the japanese carmakers. so that is why honda can get a benefit from the toyota. >> matsumoto, we know toyota is reporting tomorrow. obviously, the numbers won't reflect the control. how wleek of a number do you expect to see from toyota? >> actually, i don't believe toyota is going to lower its full year earnings forecast. we think that some improvement for that last quarter result so that i think that by keeping in the current earnings guidance, toyota will be able to have additional costs associated with the recall. so financially speaking, i think the recall will not aff
back to you. >> that was cnbc's tokyo bureau chief. for more, now we have our guest from tokyo, the senior analyst at shinsei securities and staying with us is douglas isles. let me ask you, honda best quarter in 1 1/2 years. honda raising its outlook. to what extent do you think honda can benefit from toyota's problems? >> the current program has just been limited to toyota. so that why are you people going away from toyota? they prefer and still prefer to stick to the japanese...
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this is cnbc, first in business worldwide. >> announcer: you're watching "the kudlow report" on cnbc. first in business worldwide. ah, auto! sir? finding everything okay? i work for a different insurance company. my auto policy's just getting a little too expensive. with progressive, you get the "name your price" option, so we build a policy to fit your budget. wow! the price gun. ♪ ah! wish we had this. we'd just tell people what to pay. yeah, we're the only ones that do. i love your insurance! bill? tom? hey! it's an office party! the freedom to name your price. only from progressive. call or click today. >>> all right. let's look at the obama budget possible stock market impact. seems to me too many tax hikes to call it pro growth. let's see what the ranking house budget member says. mr. paul ryan from the state of wisconsin. before i get to you on the question of pro growth i want you to comment. there's a very heated exchange between new hampshire senator jim greg and peter orszag. >> one of the problems in financial market is access to credit for small businesses -- >> no, no, n
this is cnbc, first in business worldwide. >> announcer: you're watching "the kudlow report" on cnbc. first in business worldwide. ah, auto! sir? finding everything okay? i work for a different insurance company. my auto policy's just getting a little too expensive. with progressive, you get the "name your price" option, so we build a policy to fit your budget. wow! the price gun. ♪ ah! wish we had this. we'd just tell people what to pay. yeah, we're the only ones...
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Feb 4, 2010
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cnbc's bob pisani, brian shactman, due herera, ceo of richard person steel capital management.ow jones industrial average on the downside in the triple digits at the lows of the afternoon at 4:00, as you can see, here is a chart at 9999, the market slipping below that key 10,000 mark, breaking certain resistance and support levels, not only on the dow, but the s&p 500 as well. nasdaq gave up 3% today even though there were bright spots on the upside. for example, cisco was higher on the heels of better than expected earnings. s&p 500 down to 10,062. we talked earlier that the next
cnbc's bob pisani, brian shactman, due herera, ceo of richard person steel capital management.ow jones industrial average on the downside in the triple digits at the lows of the afternoon at 4:00, as you can see, here is a chart at 9999, the market slipping below that key 10,000 mark, breaking certain resistance and support levels, not only on the dow, but the s&p 500 as well. nasdaq gave up 3% today even though there were bright spots on the upside. for example, cisco was higher on the...
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good marijuana. [ music ] >> and now, the cnbc original documentary "marijuana, inc. "inside america's pot industry." [ music ] >> welcome to ukiah, california! >> the scene, a county fair. two hours from san francisco, but a world away from the urban bustle.
good marijuana. [ music ] >> and now, the cnbc original documentary "marijuana, inc. "inside america's pot industry." [ music ] >> welcome to ukiah, california! >> the scene, a county fair. two hours from san francisco, but a world away from the urban bustle.
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Feb 24, 2010
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your cnbc edge now. good morning, gentlemen. >> good morning. >> good morning, mark. >> ted, where's the market going? >> i think it's going to go higher. we've got, you know, hopefully bernanke will come out and give some indication of what the fed is going to do with monetary policy and also what they're going to do with the mortgage backed security program. i think earnings season has been fabulous. we're seeing more and more data that business spending is picking up and that companies are going to start expanding if you look at the reports from texas in-laws strumstruments, hewlett-packard and whole foods we're seeing some expansion in the future. that's good for the markets and i think it's going to continue throughout the year. >> jason, what could bernanke say today that might hurt the market? >> well, i think he could say that he's actually going to tighten more quickly than people are expecting. i mean, i think that obviously this move with the discount rate last week, i think, was -- they descr
your cnbc edge now. good morning, gentlemen. >> good morning. >> good morning, mark. >> ted, where's the market going? >> i think it's going to go higher. we've got, you know, hopefully bernanke will come out and give some indication of what the fed is going to do with monetary policy and also what they're going to do with the mortgage backed security program. i think earnings season has been fabulous. we're seeing more and more data that business spending is picking up...
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david favre is here from cnbc to tell us what set this off. i understand this is a problem far from our shores. >> it is. the u.s. is not the only country in the world that has huge deficits as it spends a lot more than it collects in tax revenues. there are many countries throughout europe that have done the same thing we have, trying to spend to revive their morabund economies and racking up huge deficits. a lot worse than we are in terms their interest costs may be 30% or 40% of their tax revenues in places like spain, italy, portugal and greece and ireland. the so-called pigs. that is worrying investors. some say if you're paying 40% of your tax revenues just to pay your interest, we may not want to lend to you any longer. that might send rates up or lead to an unlikely outcome, default, which would clearly be bad for the economy worldwide and set off implications many of us don't know what they would be. >> this word of left us here with tonight, a term of art from your business? >> yes, and you'll hear more about sovereign risks. >> terr
david favre is here from cnbc to tell us what set this off. i understand this is a problem far from our shores. >> it is. the u.s. is not the only country in the world that has huge deficits as it spends a lot more than it collects in tax revenues. there are many countries throughout europe that have done the same thing we have, trying to spend to revive their morabund economies and racking up huge deficits. a lot worse than we are in terms their interest costs may be 30% or 40% of their...
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call cramer at 1-800-743-cnbc for the "the lightning round." i've been growing algae for 35 years. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big commitment to finding out... just how much algae can help to meet... the fuel demands of the world. >>> even on a down day, do you know what time it's for? for "the lightning round." here we take call, you say the name of a stock and i tell you whether to buy, buy, buy or sell, sell, sell. >> i don't know the callers ahead of time. when you hear this, the lightning round is over. are you ready, ski-daddy? andrew in new york. >> caller: boo-yah cramer how you doing? >> i'm doing fine. how about you? >> caller: not too bad. your boys at goldman upgraded mcdonald's. my question is what about burger king? they
call cramer at 1-800-743-cnbc for the "the lightning round." i've been growing algae for 35 years. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big...
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for more "fast money" on cnbc. have a great night. >> i'm jim kramer.come to my world. >> they're nuts! >> i always say there's a bull market somewhere. >> "maud money." you can't afford toe miss it. my job is not just to entertain but to educate and explain what the heck happened today. call me, 1-800-743-cnbc. days like today frighten. they scare people. they scare you. they scare me. we see some countries in europe -- spain, portugal, greece -- having financial prons sutdly every stock you own goes down? every stoke in america? we take it as gospel that it makes sense. hey, it was on our screens. we hear that emerging stock markets are due far fall. we see brazil get clobbered. we deserve the punishment. we should be slaughtered because well, we're being slaughtered. we accept that it's right that the dow got clocked for 268 points and the s&p was crushed for 3.1%. we accept that's right, simply because it happened. i am here to tell you that just because it goes down, just because everything went down today from oil to gold to stocks doesn't make it
for more "fast money" on cnbc. have a great night. >> i'm jim kramer.come to my world. >> they're nuts! >> i always say there's a bull market somewhere. >> "maud money." you can't afford toe miss it. my job is not just to entertain but to educate and explain what the heck happened today. call me, 1-800-743-cnbc. days like today frighten. they scare people. they scare you. they scare me. we see some countries in europe -- spain, portugal, greece --...
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cnbc's darren rivell in miami. this is the cheap season now?porter: well, you've got $1,200, the minimum, stub hub is saying it's $2,025, average price. it is a little bit cheaper because a lot of people say this is about corporate america, new orleans, indianapolis, not exactly fortune 500 cities. it would have been a whole different city if we were talking about the new york jets, if they were able to beat the colts last week. >> 26% of sales coming from louisiana, 7% from indiana, no predictor, by the way, of who wins the super bowl. darren, thanks. >>> coming up here on msnbc, if you want to be in good company, getting drunk, a new survey says go to fresno. men's health magazine asked readers to rate their cities based on alcohol related issues. fresno won, and boston rates the least drunk. they're too busy talking. oh, no. i'm getting the no from the guys on the floor here. we're keeping our eyes on two developing stories right now, that massive storm pounding the east coast up to 24 inches predicted in some areas. we'll give you the heads
cnbc's darren rivell in miami. this is the cheap season now?porter: well, you've got $1,200, the minimum, stub hub is saying it's $2,025, average price. it is a little bit cheaper because a lot of people say this is about corporate america, new orleans, indianapolis, not exactly fortune 500 cities. it would have been a whole different city if we were talking about the new york jets, if they were able to beat the colts last week. >> 26% of sales coming from louisiana, 7% from indiana, no...
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this is "the call" on cnbc. >> it is all about the jobs report on wall street this morning.the unemployment rate dropping below 10% while 20,000 jobs were lost in january. november was revised upward, october got a revision as well. overall, the numbers were not as bad as some feared and we'll have more on that in a few minutes. >> right now the s&p 500 is essentially flat on the session and is down a touch about a quarter of a point. tyson food among the biggest gainers and the dow right now is trading to the down side, well off the lows
this is "the call" on cnbc. >> it is all about the jobs report on wall street this morning.the unemployment rate dropping below 10% while 20,000 jobs were lost in january. november was revised upward, october got a revision as well. overall, the numbers were not as bad as some feared and we'll have more on that in a few minutes. >> right now the s&p 500 is essentially flat on the session and is down a touch about a quarter of a point. tyson food among the biggest...
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welcome back to "squawk box" here on cnbc.tting numbers from dow component pfizer. 49 cents a share. looks about a penny below expectation on revenue of $16.54 billion. that is above expectations. the company is getting some guidance now. they see full-year reported revenues of $67 billion to $69 billion. and then there's also some other -- adjusted diluted earnings per share of 210 to 220. i think we've got a 227 estimate at this point, talking about -- yeah, and then there are other numbers. there's a lot of charges. other items in here that make it difficult at this point to analyze what's happening here, carl. are you looking at it as well? >> comcast is also out. with just a couple of headline numbers. let's see. 33 cents, i think, the headline number. revenue for the quarter, $9.07 billion. free cash flow, $768 million. as of december 31st, video, high-speed internet and voice customers totaled 47.1 million customers. >> the company, at least, is talking about exceeding expectations in both the full year and the fourth q
welcome back to "squawk box" here on cnbc.tting numbers from dow component pfizer. 49 cents a share. looks about a penny below expectation on revenue of $16.54 billion. that is above expectations. the company is getting some guidance now. they see full-year reported revenues of $67 billion to $69 billion. and then there's also some other -- adjusted diluted earnings per share of 210 to 220. i think we've got a 227 estimate at this point, talking about -- yeah, and then there are other...
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for cnbc, i'm melissa lee. thanks for watching
for cnbc, i'm melissa lee. thanks for watching
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the ceo will join us first on cnbc. tyson foods smashing analysts' estimates.g higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at 1130, the stock market droops here. the second time in a row. guys in europe are getting concerned. they want to lighten up. second thing that happened that's important here, is dollarle rallied at the exact same moment we had yesterday. of course, what happens when that happens? it puts pressure on commodities and puts pressure on commodity stocks. all the big names in energy and the material groups on the weak side. and sharon, we saw a heck of a lot of contracts traded in oil in the last hour and a half. >> that's right. over 400,000 contracts traded today, bob, and this is the second straight day of massive contracts and massive trader here in oil. we're looking at oil prices right now that are right around $70 a barrel. after going to that 6950 low, that massive technical sell-off that we saw. l
the ceo will join us first on cnbc. tyson foods smashing analysts' estimates.g higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at 1130, the stock market droops here. the second time in a row. guys in europe are getting concerned. they want to lighten up. second thing that happened that's important here, is dollarle rallied at the exact same moment...
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eastern time on cnbc. matt? >> meredith, thank you very much. >>> toyota is now investigating possible brake problems on lexus hybrids after thursday's admission that there were problems on its 2010 prius models. this as toyota's chief executive addresses the media for the first time. cnbc's phil lebeau covers the car industry and has certainly been covering this story for us. phil, good morning, again. >> reporter: good morning, matt. and as we speak right now, okio toyota, the chairman and ceo of toyota, is holding a press conference in japan, talking about the recalls that are taking place, this on a morning when an official with the japanese government says toyota has a mistaken view of the prius brake problem. he says the company does not see it as a major issue, even as toyota says repeatedly it is moving quickly to deal with prius brakes that are slow to work. toyota's latest problem, the prius, its best-selling gas-electric hybrid. the prius is considered toyota's gold standard and a badge of conspicuous
eastern time on cnbc. matt? >> meredith, thank you very much. >>> toyota is now investigating possible brake problems on lexus hybrids after thursday's admission that there were problems on its 2010 prius models. this as toyota's chief executive addresses the media for the first time. cnbc's phil lebeau covers the car industry and has certainly been covering this story for us. phil, good morning, again. >> reporter: good morning, matt. and as we speak right now, okio...
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in many ways, this is a rerun, as we've been talking about on cnbc all day.he types of trades that caused very much pressure in bank stocks in the country during the heart of the credit crisis seems to be playing out on an equal footing in europe. and different parts of the countries that, of course, formerly considered i merging countries. is this going to be enough to continue this negative spiral? i can't tell you that. but i can tell you, it's been a huge positive for the dollar, as you know. you see it in this chart. as that occurs, there's many people, of course, getting hurt in the dollar denominated commodities that many may have overvalued what their movements were about. interest rates, it's not only our rates moving down, we're also seeing boom rates move down as well. the story's not an easy one to decipher from the fixed income credit equity and derivatives side. >> it's all intertwined. there's a sense of panic right now in those that are dealing in credit default swaps, as it per takens to sovereign debt, and the fears started royaling the euro
in many ways, this is a rerun, as we've been talking about on cnbc all day.he types of trades that caused very much pressure in bank stocks in the country during the heart of the credit crisis seems to be playing out on an equal footing in europe. and different parts of the countries that, of course, formerly considered i merging countries. is this going to be enough to continue this negative spiral? i can't tell you that. but i can tell you, it's been a huge positive for the dollar, as you...
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you're watching cnbc. in"the kudlow report."" we're first in business worldwide. would you like a pony ? yeah. would you like a pony ? yeah ! ( cluck, cluck, cluck ) oh, wowww ! that's fun ! you didn't say i could have a real one. well, you didn't ask. even kids know when it's wrong to hold out on somebody. why don't banks ? we're ally, a new bank that alerts you when your money could be working harder and earning more. it's just the right thing to do. are european government defaults and a threat of deflation worldwide is all of this going to hamper economy recovery and finally will europe save the euro which may be the most important question this evening? here now is david. peter. david goldman, first things magazine, senior editor. welcome, gentlemen, peter na vary rowe, let me go to you. will europe rescue these southern european countries and will they keep the european union alive and will they keep the euro currency alive, peter? a lot of people are asking those questions today. >> they're great questions and i'm a little more pessimistic about the global
you're watching cnbc. in"the kudlow report."" we're first in business worldwide. would you like a pony ? yeah. would you like a pony ? yeah ! ( cluck, cluck, cluck ) oh, wowww ! that's fun ! you didn't say i could have a real one. well, you didn't ask. even kids know when it's wrong to hold out on somebody. why don't banks ? we're ally, a new bank that alerts you when your money could be working harder and earning more. it's just the right thing to do. are european government...
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cnbc's phil lebeau caught up with mr. toyoda last night and asked him about that very issue. >> reporter: you acknowledge there is the possibility that there may be a problem in the electronics. does it worry you that there seems to be a disconnect there? you can't find a problem yet there may be a problem? >> translator: well, it's not that i have any sense of skepticism that there may possibly be an issue. that's not what i'm saying at all. given the level of present day technology, and we have tried everything we possibly could, and i can state today that our vehicles are completely safe. having said that, there are many different ways in which vehicles are utilized. there are many different people who use vehicles in their own way, and the duration of the usage of the vehicle may vary. therefore, when we combine these factors, you know, it is possible that certain phenomenon i'm trying to say is together with dealers we would like to continue our effort and try to listen to what the customers are telling us and try to
cnbc's phil lebeau caught up with mr. toyoda last night and asked him about that very issue. >> reporter: you acknowledge there is the possibility that there may be a problem in the electronics. does it worry you that there seems to be a disconnect there? you can't find a problem yet there may be a problem? >> translator: well, it's not that i have any sense of skepticism that there may possibly be an issue. that's not what i'm saying at all. given the level of present day...
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. >>> i'm julia boorstin with your cnbc market wrap. >>> the dow jones industrial average plunging morets, briefly dipping below 10,000 for the first time since november. the s&p 500 falling 34 points. the nasdaq at 65.5 points. >>> global market kicking off a spiral about debts in portugal, spain and greece. calling for painful measures to get budget shortfalls back under control. the u.s. jobs market rattling investors. jobless claims rising last week. they expected a drop around 10,000. disappointing earnings from mastercard making things worse. profits were up last quarter, but not as much as analysts expecting. but macy's one of the few bright spots adding more than 2% on strong sals numbers, and improving outlook. >>> that's it from cnbc, first in business worldwide. now back to "hardball." >>> if i'm a rhino, so is ronald reagan. i mean, i'm a less taxing, less spending, more freedom kind of guy. i take a pragmatic, common-sense approach to government. if that's not what people want, they'll let me know. >> welcome back to "hardball." that was charlie crist, fighting out in flori
. >>> i'm julia boorstin with your cnbc market wrap. >>> the dow jones industrial average plunging morets, briefly dipping below 10,000 for the first time since november. the s&p 500 falling 34 points. the nasdaq at 65.5 points. >>> global market kicking off a spiral about debts in portugal, spain and greece. calling for painful measures to get budget shortfalls back under control. the u.s. jobs market rattling investors. jobless claims rising last week. they...
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cnbc's steve liesman joins us this morning. there may be some outrage here, but i guess put it in perspective. $100 million compared to i don't know, the bonuses going on at goldman, for example, it seems like a paltry sum. is the outrage justified? >> you know, it's a good question, savannah. i think this is an absolute mess. it's a political mess, it's a financial mess. here you have retention bonuses, and in one way, it underscores the kind of bad pay culture that existed on wall street. here's a company that's lost billions upon billions of dollars, and yet they had built in these retention bonuses in which the obama administration and the pay czar, mr. feinberg, says the government has to pay. the news is that they've agreed to take less, some of the employees have agreed to take less, the ones that are still at the company. those who have left the company, and are due these retention bonuses, if that sounds weird to you, it's true, they've left the company are still going to get these retention bonuses. they're not going
cnbc's steve liesman joins us this morning. there may be some outrage here, but i guess put it in perspective. $100 million compared to i don't know, the bonuses going on at goldman, for example, it seems like a paltry sum. is the outrage justified? >> you know, it's a good question, savannah. i think this is an absolute mess. it's a political mess, it's a financial mess. here you have retention bonuses, and in one way, it underscores the kind of bad pay culture that existed on wall...
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men's seems at 5:00 eastern on cnbc. if you're a man, now is the time to shave. if you're a woman, now is the time to primp. if you're a curling fan, we'll see you later. >>> a live picture of the olympic caldron at 2:30 in the morning here in vancouver. and the heavens are weeping. a little bit of drizzle here. because this is our last way too early for these winter games. maybe they're just hocking lieugies at us. i'm willie geist. this is the highly anticipated season finale of "way too early vancouver." we're preempted tomorrow by women's curling. throw out the records when china and sweden get together as they will tomorrow on msnbc. the next 30 minutes is a television event you and your family will be talking about. there is some big weather news back east we need to tell you about. for that we turn to meteorologist ginger zee back in new york. >> very happy to get you back. we've already started a very wet morning in many places and some wet snowflakes mixing in. this storm is here. you can see where rain is throughout manhattan, long island, northeast fro
men's seems at 5:00 eastern on cnbc. if you're a man, now is the time to shave. if you're a woman, now is the time to primp. if you're a curling fan, we'll see you later. >>> a live picture of the olympic caldron at 2:30 in the morning here in vancouver. and the heavens are weeping. a little bit of drizzle here. because this is our last way too early for these winter games. maybe they're just hocking lieugies at us. i'm willie geist. this is the highly anticipated season finale of...
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. >> catch warren buffett on cnbc monday morning answering your questions. meantime, let's see where the big money is flowing this morning. shares of coca-cola, climbing towards positive territory after a number of block trades. each more than 300,000 shares changing hands. in a dngiven day coke was alrea over 13 million shares traded. you were a buyer of this name yesterday. what do you think is behind the move today? >> a combination of berkshire, a combination of your great documentary you did on coke. and i think this pullback gave us all an opportunity to re-evaluate and look at coke after that big acquisition of the botler yesterday. i like coke going forward and think there's a great opportunity. >> don't go anyway. your last trades for february on the way after this break.
. >> catch warren buffett on cnbc monday morning answering your questions. meantime, let's see where the big money is flowing this morning. shares of coca-cola, climbing towards positive territory after a number of block trades. each more than 300,000 shares changing hands. in a dngiven day coke was alrea over 13 million shares traded. you were a buyer of this name yesterday. what do you think is behind the move today? >> a combination of berkshire, a combination of your great...
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cnbc's phil lebeau is live at a toyota dealership in parkridge, illinois.ps are being hit really hard. >> reporter: they have been, mika. they're noticing that it's much quieter because fewer people are coming in. they're not selling eight of their most popular models. this is a company right now -- and the dealers are noticing the impact -- a company that's trying to deal with two major recalls and people bringing up serious questions about the safety and reliability of prius brakes. toyota's latest problem, the prius, its best-selling gas/hybrid. the prius is considered toyota's gold standard and a badge of conspicuous for owners. less than moont after buying her 2007 prius, today west coast contributor maria felt like her brakes failed after an accident. federal investigators are looking into 100 consumer complaints about the brakes in the 2010 prius. >> it's going to really hurt toyota, definitely in the short-term. >> reporter: toyota says it's looking into what may cause the brakes to pause before slowing down, saying, "we're making every effort to ad
cnbc's phil lebeau is live at a toyota dealership in parkridge, illinois.ps are being hit really hard. >> reporter: they have been, mika. they're noticing that it's much quieter because fewer people are coming in. they're not selling eight of their most popular models. this is a company right now -- and the dealers are noticing the impact -- a company that's trying to deal with two major recalls and people bringing up serious questions about the safety and reliability of prius brakes....
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phil lebeau covers the car business for cnbc and for us and is back in our studio with us. the story continues to unravel. >> reporter: it got worse for toyota today. the big question is whether toyota knows everything that may be wrong with its cars and trucks. today the secretary of transportation says his office is investigating the electronics in toyota gas pedals. toyota facing more questions about the safety of its vehicles. already struggling with a massive recall, toyota took hit today when the man in charge of making sure americans drive safe cars issued this blunt warning for toyota owners. >> if anybody owns one of these vehicles, stop driving it. take it to the toyota dealer because they believe they have the fix for it. >> reporter: secretary lahood backtracked and said those with recalled toyotas should contact their dealers. toyota told owners if they have problems with their gas pedals, to please contact your dealer without delay. if you are not experiencing any issues with your pedal, we a confident that your vehicle is safe to drive. frustrated toyota deal
phil lebeau covers the car business for cnbc and for us and is back in our studio with us. the story continues to unravel. >> reporter: it got worse for toyota today. the big question is whether toyota knows everything that may be wrong with its cars and trucks. today the secretary of transportation says his office is investigating the electronics in toyota gas pedals. toyota facing more questions about the safety of its vehicles. already struggling with a massive recall, toyota took hit...
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. >> coming up, call cramer at 1-800-743-cnbc to find out how to fire away at cramer on the lightning round. can he withstand your thunder russ onslaught of stocks? >>> it is time, it is time for the lightning round, what's that all about, you ask. listen, just to be clear, i don't know the callers or the stock question. my staff which is why it looks like i know everything. the lightning round is over. are you ready? steve. it is time for the lightning round. i want to start with evans in texas. >> caller: hey. >> welcome, evans. unless you're a red raider. >> caller: no, no, no, i'm an lum ni of the very first mad money lightning round and i've got an 18-hour mad money mesquite wood smoked beef brisket boo-yah to you. >> holy cow. that is smoking. it's a sizzling smoking boo-yah. that man's a veteran. four years and 9 1/2 months. maybe ten. what's up. >> caller: i've been a believer in the spare parts for humans story for a long time i've held zimmer for about four years and it's crippling my portfolio. will this thing ever make money before i need their parts. >> which one? which o
. >> coming up, call cramer at 1-800-743-cnbc to find out how to fire away at cramer on the lightning round. can he withstand your thunder russ onslaught of stocks? >>> it is time, it is time for the lightning round, what's that all about, you ask. listen, just to be clear, i don't know the callers or the stock question. my staff which is why it looks like i know everything. the lightning round is over. are you ready? steve. it is time for the lightning round. i want to start...
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call cramer at 1-800-743-cnbc for the "the lightning round." i was just in town for a few days, and i was wondering if i could say hi to the doctor. is he in? he's in copenhagen. oh, well, that's nice. but you can still see him! you just said he was in... copenhagen. come on! that's pretty far. doc, look who's in town. ellen! copenhagen? cool, right? vacation. but still seeing patients. oh. [ whispering ] workaholic. i heard that. she said it. i... [ female announcer ] the new office. see it. live it. share it. on the human network. cisco. >>> even on a down day, do you know what time it's for? for "the lightning round." here we take call, you say the name of a stock and i tell you whether to buy, buy, buy or sell, sell, sell. >> i don't know the callers ahead of time. when you hear this, the lightning round is over. are you ready, ski-daddy? andrew in new york. >> caller: boo-yah kram erk how you doing? >> i'm doing fine. how about sglou. >> caller: not too bad. your boys at goldman upgraded mcdonald's. my question is what about burger king? t
call cramer at 1-800-743-cnbc for the "the lightning round." i was just in town for a few days, and i was wondering if i could say hi to the doctor. is he in? he's in copenhagen. oh, well, that's nice. but you can still see him! you just said he was in... copenhagen. come on! that's pretty far. doc, look who's in town. ellen! copenhagen? cool, right? vacation. but still seeing patients. oh. [ whispering ] workaholic. i heard that. she said it. i... [ female announcer ] the new office....
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your cnbc edge now with our guests. i really think it ought to be haynes and bowen. good morning, guys. >> good morning. >> you guys, jack, you first. you agree with cramer? >> yeah. i think we do have a little runway here to go. probably between now and the mid year, you know, still a lot of momentum, cash on the sidelines, and, you know, zero percent interest rates going to continue to push that money in jay, what do you think? >> well, i think that the last two weeks demonstrate that structural issues really particularly concerning the legacy of the credit boom can overwhelm positive news on the economic and earnings fronts and i think that's going to be the story this year where we have a pretty decent earnings recovery driven by cost cutting and some modest top line growth but lurking in the background continues to be the structural issues particularly regarding monetary policy and fiscal policy. i think that's going to somewhat temper the increase. i think we can grind our way higher this year and end positive but i think it's going to be in somewhat of a saw-t
your cnbc edge now with our guests. i really think it ought to be haynes and bowen. good morning, guys. >> good morning. >> you guys, jack, you first. you agree with cramer? >> yeah. i think we do have a little runway here to go. probably between now and the mid year, you know, still a lot of momentum, cash on the sidelines, and, you know, zero percent interest rates going to continue to push that money in jay, what do you think? >> well, i think that the last two weeks...
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cnbc's darren rovell still in vancouver to tell us why. >> reporter: erin, yeah, many of those hypedtes came through, which is good because the marketing window is so small for them. let's start with the winners. shaun white the snowboard king. $8 million a year. he pulls in. and obviously defends his gold in the halfpipe. that should continue on the marketing front for shaun white. how about kim yu-na the skater from south korea who the country's most glorified star continued her dominance by winning gold by a wide margin in women's figure skating. apollo anton ohno comes in as a winner. although he's likely to hang up his skates after this one we expect a lot his deals with the likes of coca-cola and nestle to stay intact. now let's talk some losers. she's still among the most remarkable way gold and bronze and what an event to go but if lindsay vonn lifted up to lofty expectations she'll be hot now likely for deals but not able to cash in on new ones as much. lindsey jacobellis wiped out her last run here. she took the silver in torino and did not even make the final this time. sh
cnbc's darren rovell still in vancouver to tell us why. >> reporter: erin, yeah, many of those hypedtes came through, which is good because the marketing window is so small for them. let's start with the winners. shaun white the snowboard king. $8 million a year. he pulls in. and obviously defends his gold in the halfpipe. that should continue on the marketing front for shaun white. how about kim yu-na the skater from south korea who the country's most glorified star continued her...
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msnbc and cnbc have not independently confirmed that.ius hybrid is now part of a new recall involving 270,000 vehicles, 100,000 of those would be in the united states because of this concern about a braking problem. the japanese government and u.s. government have been expressing concern to toyota about the hybrid and about the braking concerns. that is separate from the 2.3 million vehicles being recalled as a result of the accelerator problem and those recalled over concerns the gas pedal might get stuck under the floor mat. there's mass concern, people worrying about what was the world's safest vehicle. >> the prius, msnbc has not confirmed it. i imagine with this news out there, whatever news agency was reporting it -- because of the massive recall that is a fact. >> generally it's pretty good. we're also dealing, of course with the time in the middle of the morning now. early morning, late night. here in the united states thus far we don't have confirmation from toyota officials here. that said, i can confirm to you that the departm
msnbc and cnbc have not independently confirmed that.ius hybrid is now part of a new recall involving 270,000 vehicles, 100,000 of those would be in the united states because of this concern about a braking problem. the japanese government and u.s. government have been expressing concern to toyota about the hybrid and about the braking concerns. that is separate from the 2.3 million vehicles being recalled as a result of the accelerator problem and those recalled over concerns the gas pedal...
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. >> jim cramer tonight 6:00 and 11:00 eastern on cnbc. next, toyota deals with fallout from massive recalls, we're going to turn a light on the broader question, is increased use of technology in cars making them unsafe for you? we actually know which cars rely the most on electronics and bet people who watch the show drive some of them. >>> more bad news for toyota, facing another class-action lawsuit, safety regular laters in america are opening a formal investigation. denying its latest recall. down i believe now about 20% since all of this began. phil lebeau in canton, michigan, with more. what is the latest denying of a recall? >> reporter: right, it all has to do with whether or not the company will recall about 270,000 prius models. we the report that there may be a recall has been filed by the japanese news agency, but both toyota as well as other sources that we've talked with have said there's no indication toyota will be filing a recall. toyota officially denies. the company has no plans, no plans to suspend sales of the prius.
. >> jim cramer tonight 6:00 and 11:00 eastern on cnbc. next, toyota deals with fallout from massive recalls, we're going to turn a light on the broader question, is increased use of technology in cars making them unsafe for you? we actually know which cars rely the most on electronics and bet people who watch the show drive some of them. >>> more bad news for toyota, facing another class-action lawsuit, safety regular laters in america are opening a formal investigation. denying...
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. >>> cnbc market wrap, markets falling across the board right now.aring that crucial 10,000 mark. the s&p 500 is also off dramatically as is the nasdaq. we are watching these declines on jobs numbers and concerns over europe's debt. >>> google is teaming up with the national security agency to help defend itself against cyber attacks. "washington post" reports they will work with google to analyze the attacks on its computer networks. >>> the artwork abuzz after a sculpture by swiss artist sold for $104.3 million at auction. sutherby's expected the piece, walking pan one, to fetch no more than $28 million. they are speculating about the identity. that person placed the bid anonymously. first in business worldwide, now back to msnbc. >>> of course the dow is down in part because of the nasty job news. labor department said 8,000 more people filed unemployment claims last week. the forecast puts the number of americans out of work at 10.1%. this is democrats unveil what they say is a plan to get people back to work. there weren't many details. here is
. >>> cnbc market wrap, markets falling across the board right now.aring that crucial 10,000 mark. the s&p 500 is also off dramatically as is the nasdaq. we are watching these declines on jobs numbers and concerns over europe's debt. >>> google is teaming up with the national security agency to help defend itself against cyber attacks. "washington post" reports they will work with google to analyze the attacks on its computer networks. >>> the artwork...
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let's check in with cnbc's courtney reagan. she joins us live with more on that and the rest of the day's business headlines. good morning, courtney. >> hi, good morning, barbara. right now stocks are mostly lower here, about a little less than halfway through the trading day. that's after the markets moved higher for the second straight trading day. markets overnight in europe also positive. things looking pretty good around the world. today we did get the first of three reports for the week of the labor market. there was a loss, but it was less than expected. and aig is set to pay another round of bonuses today worth about $100 million. this ces a year after the company made similar payments, sparking a firestorm of criticisms from the congress and the public. the retention bonuses will be paid to current and former workers. they recently agreed to take a 10 to 20% cut in their bonuses if they could get them a month early. like you mentioned, barbara, transportation secretary ray lahood has some strong advice for toyota drive
let's check in with cnbc's courtney reagan. she joins us live with more on that and the rest of the day's business headlines. good morning, courtney. >> hi, good morning, barbara. right now stocks are mostly lower here, about a little less than halfway through the trading day. that's after the markets moved higher for the second straight trading day. markets overnight in europe also positive. things looking pretty good around the world. today we did get the first of three reports for the...
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cnbc's darren ravell live on the scene. 100 million people may watch the game. a record. what's the atmosphere like in miami? >> reporter: well, it's electric. some say it's not the ideal matchup for the ratings. some people say that would have been the jets. maybe brett favre against the jets. from everyone i've spoken to, david, it is all about the game first before you talk about the market and a lot of people say the colts and the saints are as tightly matched up as you could be so if they get a close game, if you look at the last ten years of ratings, it's not about market in the super bowl. the extra push always comes when it's a very close game and people feel like they have to tune in. >> and stars the expectations for extravaganza at halftime, tell us about that as far as what we know. >> reporter: i think there's the mix. some people say the who, great. some people say ever since the janet jackson wardrobe malfunction the nfl has played it a little bit too conservative as far as the age of the people performing. so you have one side saying these guys a
cnbc's darren ravell live on the scene. 100 million people may watch the game. a record. what's the atmosphere like in miami? >> reporter: well, it's electric. some say it's not the ideal matchup for the ratings. some people say that would have been the jets. maybe brett favre against the jets. from everyone i've spoken to, david, it is all about the game first before you talk about the market and a lot of people say the colts and the saints are as tightly matched up as you could be so if...
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and sharon epperson of cnbc is a personal finance correspondent. and natalie is across the plaza with questions from the crowd. so, let's get started. a lot of questions about this topic, about credit and debt, and we've got our first question comes from jenna, who is on the telephone. jenna, what's your question? >> caller: hi. i was making about $46,000 a year until i was unexpectedly laid off. i'm now getting about $330 a week and i can't pay all my bills. i'm wondering which are the most important to pay in full and which will accept partial payment? >> she's got to prioritize, jean. >> absolutely, and so many people are going through this right now, so i think it's a terrific question. look, we pay the bills where people have the ability to take things away from us. at a time like this, your credit score is secondary. but really, you have to ask, okay, if i don't pay my mortgage, what happens to my house? if i don't pay my car loan, what happens to my car? if i don't pay my utilities, will they turn off the lights and will i not be able to hav
and sharon epperson of cnbc is a personal finance correspondent. and natalie is across the plaza with questions from the crowd. so, let's get started. a lot of questions about this topic, about credit and debt, and we've got our first question comes from jenna, who is on the telephone. jenna, what's your question? >> caller: hi. i was making about $46,000 a year until i was unexpectedly laid off. i'm now getting about $330 a week and i can't pay all my bills. i'm wondering which are the...
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we get more on this now from nbc's -- cnbc's phil lebeau. >> reporter: toyota's latest problem, the prius, its best-selling gas-electric hybrid. the prius is considered toyota's gold standard and a badge of conspicuous conservation for its proud owners. >> there's a lot of consumers out there that are really nervous about driving their toyota products. >> reporter: last november, less than a month after buying her 2010 prius, "today" west coast contributor maria necessamenoun police her brakes failed after an accident. >> i just felt like the brakes didn't work. >> reporter: federal investigators are looking into complaints about the brakes in the 2010 prius. >> it's going to really hurt toyota, definitely in the short term. >> reporter: toyota says it's looking into what may cause the brakes to pause before slowing down, adding, "we're making every effort to address this situation for our customers as quickly as possible." yet another setback for the world's number one automaker, already under the microscope for two massive recalls to address unintended acceleration. but as dealers aroun
we get more on this now from nbc's -- cnbc's phil lebeau. >> reporter: toyota's latest problem, the prius, its best-selling gas-electric hybrid. the prius is considered toyota's gold standard and a badge of conspicuous conservation for its proud owners. >> there's a lot of consumers out there that are really nervous about driving their toyota products. >> reporter: last november, less than a month after buying her 2010 prius, "today" west coast contributor maria...
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joining us now, two exerts, cnbc's steve liesman and greg ip with the economist.hen i hear the unemployment rate dropped to 9.7%, call me crazy, that sounds like good news, and yet we hear the early reaction expressing some caution about this, that there's more than meets the eye here. explain. >> there are some cross currents in this report. the reason why, when the government does its jobs report, there are actually two reports in there. the first one, they go to employers and they say, did you hire or fire people? and this month, they said, we cut 20,000 jobs. in the second report, they go to families and ask, are you working or not? when they asked the family, they discovered over 500,000 more had jobs and about a similar number had come off the unemployment rolls. so you have two different signals. >> what do you make of that? >> which do you want to believe? the truth is probably somewhere in between. i think that by and large, this is a very positive report. the unemployment rate had been unusually high, given, we know, what was going on in the economy over
joining us now, two exerts, cnbc's steve liesman and greg ip with the economist.hen i hear the unemployment rate dropped to 9.7%, call me crazy, that sounds like good news, and yet we hear the early reaction expressing some caution about this, that there's more than meets the eye here. explain. >> there are some cross currents in this report. the reason why, when the government does its jobs report, there are actually two reports in there. the first one, they go to employers and they say,...
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issa, on cnbc, and he made an interesting proposal. partially what he has discussed with you today.be if that proposal could be encapsulated into legislation with greater authority. but even above and beyond the auto industry that we find a way since we are in a global marketplace to find this information readily assembled for deposit and then for availability to not only citizens of the united states but citizens of the world. and it's something we should have. i commented to my staff after i saw mr. issa. i love portuguese sardines, but i have to be honest with you -- >> again, we are keeping an eye here on the hearing and the questioning being offered up to transportation secretary ray lahood. i think one of the most pointed questions was by congressman toun who is the chair of the subcommittee asking transportation secretary ray lahood if he feels toyota vehicles are safe and the secretary pointing him to the fact that on the website people who own toyotas are told what to do. there's a list on the government's website telling you the vehicles that are part of this recall, but n
issa, on cnbc, and he made an interesting proposal. partially what he has discussed with you today.be if that proposal could be encapsulated into legislation with greater authority. but even above and beyond the auto industry that we find a way since we are in a global marketplace to find this information readily assembled for deposit and then for availability to not only citizens of the united states but citizens of the world. and it's something we should have. i commented to my staff after i...
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. >> let's check in with cnbc's courtney reagan.ive with that and the rest of the day's business headlines. >> i hope you don't get stuck in that snow. make sure you have your shovel. yesterday ended up to be one of the worst days for the dow in eight months. that's where i have to start. right now stocks are lower, but by comparison, not as bad as we saw yesterday. only down about 59 points on the dow. asian markets dropped overnight, europe lower again today. and part of the big reason for the concern around the world is really the rising debt problems in europe. not among banks, but governments like greece and portugal, those countries are having trouble refinancing their debt, which makes it harder to borrow money to support their economic recovery. so if one defaults, there's fear it could spread to other european nations and possibly around the world. today, though, as you mentioned, it's jobs day and it's not as bad as it could have been. there's good news and bad news. i'll get the bad news over with first. unfortunately, 20
. >> let's check in with cnbc's courtney reagan.ive with that and the rest of the day's business headlines. >> i hope you don't get stuck in that snow. make sure you have your shovel. yesterday ended up to be one of the worst days for the dow in eight months. that's where i have to start. right now stocks are lower, but by comparison, not as bad as we saw yesterday. only down about 59 points on the dow. asian markets dropped overnight, europe lower again today. and part of the big...
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panel and has served on television as many if you know what the financial network, bloomberg news, cnbc, fox, on and on three the fourth of our speakers this morning is gary wolframñr. he is president of the hillsdale policy group, specializing in tax policy. he serves as the treasurer of the board of trustees for university. he served as a member of state for education in michigan to 1999. he was chairman of our rules commission and members of the michigan enterprise zone authority. his public policy experience includes a chief of staff for congressman, advising governors, and others. he graduated from the university california and received his ph.d. from the university of california at berkeley. he has taught at several colleges and universities. his publications include an introduction to markets and the political system, and several works on michigan as well. he was named professor of the year in 2004, and he was also named as one of the top 25 runners in the state of michigan. i hope he does not have to run too fast today. in anyÑi case, we're going to start with diana. you can spe
panel and has served on television as many if you know what the financial network, bloomberg news, cnbc, fox, on and on three the fourth of our speakers this morning is gary wolframñr. he is president of the hillsdale policy group, specializing in tax policy. he serves as the treasurer of the board of trustees for university. he served as a member of state for education in michigan to 1999. he was chairman of our rules commission and members of the michigan enterprise zone authority. his...
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so i think what began to occur back in last february is the famous now sen tesm lli rant rant on cnbc where people began to culminate in the town halls and of course the million and a half march that took place in washington, d.c. certainly the events in new jersey, the movement in massachusetts which elected -- it is now beginning to exert political power at the voting booth. here at the national tea party convention we are helping people move to the next level. we are beginning to provide training tools, giving them ideas on how they can collaborate, how they can work closely together as they network and go back to their respective tea party associations and lead other people. >> so the front page of the "the washington post," they have this headline, the tea party is still taking shape. they write it is a critical moment for the movement that is unmistakably people-powered that is deliberately left leaderless to give hope to all frustrated. even though the mood has been festive and even giddy, the fluidity of the group has been on full display. would you describe the mood there as
so i think what began to occur back in last february is the famous now sen tesm lli rant rant on cnbc where people began to culminate in the town halls and of course the million and a half march that took place in washington, d.c. certainly the events in new jersey, the movement in massachusetts which elected -- it is now beginning to exert political power at the voting booth. here at the national tea party convention we are helping people move to the next level. we are beginning to provide...
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cnbc's phil lebeau covers the auto industry. phil, good morning. >> reporter: good morning, meredith. this is a worldwide recall, essentially hitting almost all of toyota's hybrids, including its popular prius model. now it's in line for a software fix to repair delayed braking. overnight, toyota's president, akio toyoda, held a news conference in japan, apologizing to customers. and announcing toyota's third massive recall, this time a worldwide recall of the prius and other hybrid models. the recall is being made to address braking problems for the popular prius. >> i'm livid that the consumers and those of us that did buy the cars in 2009, the 2010s, were not informed. >> reporter: jill says the brakes on her 2010 prius did not immediately kick in at least four different times, and she came close to hitting another car. >> i was applying the brakes with plenty of time, and the car just lurched forward and i came within several inches of the car in fnt of me, and that was really frightening. >> reporter: overall, more than 7 m
cnbc's phil lebeau covers the auto industry. phil, good morning. >> reporter: good morning, meredith. this is a worldwide recall, essentially hitting almost all of toyota's hybrids, including its popular prius model. now it's in line for a software fix to repair delayed braking. overnight, toyota's president, akio toyoda, held a news conference in japan, apologizing to customers. and announcing toyota's third massive recall, this time a worldwide recall of the prius and other hybrid...
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cnbc, the deficit for this year would be 10.6% of the total, a figure unmatched since the country wasemerging from world war ii. "new york times," the budget projects that the deficit will peak at nearly 1.6 -- $1.6 trillion in the current fiscal year, a post-world war ii record. it would then decline but remain at economically troublesome levels over the remainder of the decade. cnbc, quote, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation's history, it is unacceptable. we have better alternatives. mr. akin: thank you, congressman hensarling, and congressman posey, and i thank you also, congressman bishop, for joining us tonight. thank you, mr. speaker, i think that concludes our hour. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 6, 2009, the chair recognizes the gentleman from michigan, mr. hoekstra, for 60 minutes. mr. hoekstra: thank you, mr. speaker. tonight i come to talk about a variety of issues. you know, clearly the country faces tough times. clearly our
cnbc, the deficit for this year would be 10.6% of the total, a figure unmatched since the country wasemerging from world war ii. "new york times," the budget projects that the deficit will peak at nearly 1.6 -- $1.6 trillion in the current fiscal year, a post-world war ii record. it would then decline but remain at economically troublesome levels over the remainder of the decade. cnbc, quote, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation's...
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now this is from cnbc today quote, the deficit for this year would be 10.6% of the total economy, a figure unmatched since the country was emerging from world war ii. this is from "the new york times" yesterday. now the budget projects the deficit will begin nearly 1.6 trillion in the current fiscal year, a post-world war ii record. cnn, they're not calling a stimulus to, but the obama administration was to extend the bike of several recovery act provision by putting them in the federal budget. cnn yesterday even if all goes according to plan, the white house still forecast u.s. public debt rising above 71% of gdp by 2013 up from 53% in now nine, levels that could spook the investors. today's wall street journal quote, all of this spending must be financed and so deficits and taxes are both scheduled to rise to record levels. also in the journal outlays will reach a postwar world war ii record at 25.4% this year. this is a new modern spending landmark. so if the administration pushes back on my assertions, do you wish to push back on the assertion of "the new york times," cnbc wall street
now this is from cnbc today quote, the deficit for this year would be 10.6% of the total economy, a figure unmatched since the country was emerging from world war ii. this is from "the new york times" yesterday. now the budget projects the deficit will begin nearly 1.6 trillion in the current fiscal year, a post-world war ii record. cnn, they're not calling a stimulus to, but the obama administration was to extend the bike of several recovery act provision by putting them in the...