this is the height of the dow jones has been since the market crashed back on may 16th of 2008. the dow has almost doubled from march of 2009. it is now at its highest level since before the market meltdown. if part of the reason is jobless claims have risen. there were 377,000 americans that filed for unemployment for the first time. even with that of take the trend is headed in a downward direction tests >>darya: the white house is pledging to build a more smaller and agile military. the military is continuing to look for ways to cut 80,000 soldiers. congress has ordered the defense department, with a total of deformity $87 billion over the nexus years. >>mark: will be right back as the kron4 news continues. here's a live look up in the sierra. but stair as their >>mark: here is a live look from the james lick. low cloud cover and fog is dominating the forecast. morning clouds and patchy valley fog. this evening, fog is a possibility if the overnight hours. here's a look at what is happening with the fog. take a look at the state. it was clear earlier indicating 2-5 mi. visibil

>>mark: the dow jones is up 41 points to 12,695. >>darya: we are back with more in a couple of minutes to get going on this tuesday morning. here is a live look outside from the roof on van ness ave. yesterday we started off warm and clear.

the dow jones industrial average, not a good picture there, either. more thann 0.25% lower there. the euro losing ground against the dollar. trading for $1.2722. pressure continues to rise for hungary as well. the debt ridden nation has been downgrgradedo delaware status by fitch, meaning the country is at a high risk of default. the country has been at a virtual free fall. the nation's cost of borrowing soared in the latest debt auction. e government wants to secure a lifeline, but first, it must resolve some opposition. >> hungary is drowning inebt, but the i and the eu broke off talks with the government in budapest about new financing because of concerns about a proposed law that threatens the independence of hungary's central bank. still, government officials appear confident that the talks will resume. >> we think it is important to reach an agreement with the imf and the eu. we want to move towards a deal. we are ready to n negotte without preconditions, and we are ready to discuss everything at the negotiating table. >> the hungarian currency slumumped new lows this week.

>>mark: the dow jones is of over 100 points in early trading. earnings season has started for corporations. earnings showed a drop but revenue is up as well as a more positive outlook for the year of 2012. >>darya: of voting is well underway in new hampshire. mitt romney is considered to be a favor kate his rivals have been busy trying to gain ground. santorum and gingrich have been busy visiting cole places and doing interviews nonstop while jon huntsman is restating his candidacy and making an aggressive play for independence voters. for ron paul is counting on in hansard to propel him for the into the next round. the very first ballots were cast at midnight in the small new hampshire town of dick's bill notch to where there are only nine of the voters. it resulted in a tie between mitt romney and jon huntsman. they each received two votes. nuveen bridge and ron paul received one vote '80s and the president received three votes. new this morning, new gingrich spoke out to the campaign he plans to run if he wins the republican nomination. >> th

the dow jones industrial average is lower by 58. the nasdaq is higher by 12. and the s&p is lower by .75 of a point. >> making a jump from private to public for facebook to change its strategy. once you have to answer to all the public channels. >> big interviews from the big economic forum in davos, switzerland. explaining how the european debt crisis is impacting their business. >> later we'll hear from the german finance minister himself, and european commissioner on economic and financial affairs, how close we may be now to a greek debt deal. >> this is how the s&p 500 is shaping up. it's about half and half, positive to negative. you're watching cnbc, because we are first in business worldwide. >>> now facebook reportedly set to file its ipo as early as wednesday. and it could value the company at up to $100 billion. but will making the transition from a private to a public company have a big impact on how the company ultimately does business. jon fortt joins us for that angle. mark zuckerburg not only becomes a billionaire, but he has to hold the gms, is

all on a day we saw the dow jones industrial average start the year off with a nearly 180-point gain on top of advances at least the last year a trend the democrat will say is their friend. does that resonate in iowa? >>guest: absolutely. everyone nation-wide, now watches the economic indicators and absolutely that is the sort of thing, if the dow continues to do well and if unemployment continues to go down you will absolutely see president obama claiming credit for that. the real question out here, the voters are not so much drawing distinctions for the caucus between candidates but the republican voters think that all the republican candidates will be better than obama when it comes to the economy. they are more interested, their key question is, who is best able to actually put the policies if place? the republicans, there are differences, obviously, on the economic plan define the candidates. the real question the caucus goers want to know, are you the best person to be able to take this. who request explain the issues like the dow jones industrial average and who can make the a

cheap for another two years the dow jones is up half a percent nasdaq up point four percent second to what's going on in europe another two hours to go till the close the footsies up one point three percent the dax two percent still on that optimism about the state of the u.s. economy without further decision and russia also positive on a stronger ruble high. well prices the r.t.s. up to an all percent my sex more than one percent this difference is because of the currency exchange rate let's take a look now what's moving the my sex abuse in metals demand is pushing mine as high as seventy. three percent it was much higher in morning trading though knows nickels up almost two percent and among banks the strongest is second tier because there's daily it's up but thirteen and a half percent in just one session. and the market seems to be very active. couple of days in terms of volume and terms of quotes. it's really positive for the banks although all the main russian banks and basically all of them are extremely active and growing it's also supported during the day by the news from the

take a look at the dow jones industrial average.s down close to triple digits when we started "power lunch." it's now down 70 points. the nasdaq composite diverging from the dow jones industrial average. it's positive on the trading session up by about almost 7.5 points on the trading session. the s&p down by .25%. >> in the last half hour we've been really in your facebook. there are other stocks worth watching. >> listen. take a look at chevron. i'm fixated on this concept of a stronger dollar, what it's doing to u.s. based companies have a lot of overseas business. a big headwind for them, the dollar weak in the last couple days. see what happens moving forward. devry, if the government takes away their money. and netflix, look what they've done since they had their earnings. up 30% more. that stock is really on fire. short covering or not, you got in at the right time you did well. >> up another 3.5% today. that will pretty much do it for "power lunch." what a busy hour we have had. >> brought to you by facebook. >> that's right

i want to give you a look at the opening numbers, dow jones industrial average is starting up across the board after a down day on friday and this is the first day of being up, nasdaq is up 17 and s&p 500 is up 7. >>> the folks were waving at you. >> yes, this is a very chilly morning. thank you for joining us, it is tuesday january 17th, i am dave clark. >> good morning. i am maureen naylor, the time is now 6:31. >> it is freezing around the bay area, temperatures below freezing in a lot of areas. steve paulsen knows all about your weather and he is tracking all of the coldest temperatures but let's start first with christian captain who is out there in the cold, you are in livermore talking to people about this chris attain? >> reporter: yes, day of, i think we are in one of the coldest spots in the bay area. as you can see it's two 5 degrees and keith and i have an informal bet and i think it will get down to 22 degrees before the sun comes up and we are certainly keeping a close eye on those temperatures. temperatures are still dropping in livermore and those chilly temperatures

today bank of america released information about losing money in 2011 and it is part of the dow jones industrial average. investors sent ebay socks higher in trading and that's -- stocks higher in trading and 4th quarter jumped. using pay pal, it helped to boost the bottom line. >>> residents are digging out and why they may have to deal with next. >>> and this actor is apologizing to people, we will have more on that. >>> the traffic is moving along nicely and we will have more coming up on our commute and bay area weather. @ sweetheart. we need to talk. i've seen your stunts online. i can explain... jumping a ramp in a shopping cart. so 2005. wait, what? and only 3 likes? honey, it's embarrassing. carol's son got over 12 million views on that dancing squirrel video. don't you want that? i...i suppose. now go make your dad and me proud. try something funny. [ male announcer ] now everyone's up to speed. get high speed internet for $14.95 a month for 12 months with a one year term. at&t. . >>> hello steve, actor mark wahlberg had made some controversial statements about 9/11 controver

>>mark: a big rise for the dow jones, up 115 points to 12,537. spain has had a successful auction of some of their debt. that is relieving in a little bit of pressure for spain and the nine countries just downgraded by the s&p. we also have strong earnings from wells fargo curious the snb is flirting with that 1300 mark. >>darya: 8:27 a.m., we are back with more in a couple of minutes on this cold tuesday morning. traffic on 101 is clogged up. it is setting, but cold everywhere around the bay. 31 in san jose. we will see a high today of 51 in san jose. we will be right back. >>mark: we will learn more about the president's day weekend closure of the bay bridge coming up later this morning. caltrans is unveiling a plan for a closer that weekend. italian naval divers have used explosives to blow holes inside of the cruise ship to try and get into the cruise ship to search for any more survivors. five more bodies were found inside the wreckage, they were all wearing a life vests. the death toll stands at 11 with 24 missing. a cold morning around the

the dow jones industrial fell by one 1.25%. across the atlantic on wall street, the dow has rebounded, and still not in positive territory, but looking much better. 0.5%. vero trading at the value of $1.25. the french government's has half -- has half its economic growth forecast -- halved its economic growth forecast. the revision means -- the announcement one day after president nicolas sarkozy announced plan to implement a controversial transactions tax. french debt was recently downgraded from aaa to aa +. italy held a successful bond auction on monday that brought a sigh of relief to rome. that just at over 6% of the lowest level since october. the option was seen as a key test of market confidence. this after italy's credit rating was slashed by two notches. >> let's go back. we turn our attention to syria. there has been an upsurge of violence since the arab league pulled out its observer mission. dozens have been killed within the last 24 hours. moscow has offered a plan for talks between the two sides, and at the u.n.,

the dow jones industrial average lost 22 points to close at 12,734. the nasdaq fell 13 points to close at 2,805. the obama administration has released new rules aimed at restoring national forests. agriculture secretary tom

the dow jones is up, 179. s&p 500, up 20. and the nasdaq is up 44. >>> let's go to new york right now, where alexis christoforous has tonight's cbs money watch update. >>> the stocks rallied on the first trading day of the new year. the dow jones industrial average jumped 200 points in the first minutes of trading on encouraging economic news. u.s. manufacturing grew in december as the fastest pace in six months. and construction spending hit its highest level since june. manufacturing in china and india, also picked up late last year. but analysts say they will likely drive the debt markets over the coming months. greece is warning it may have to leave the euro zone if it doesent find the bailout. >>> oil prices jumped more than $102 a barrel, after iran threatened to close the street. the threats are in retaliation over an economic sanction. one-sixth of the world's oil passes through that. >>> and city bank can use the rewards on facebook. it allows users to combine their points to choose from millions of awards from trave

dow jones down almost 43 points. that is almost in response to the drop overnight overseas. >>> we will say good morning, to you. thank you for joining us here on ktvu channel 2 morning news in our brand new studio. it's monday, january 30th i'm dave clark. >> good morning, i'm pam cook. thank you for waking up with us. time is 6:30. happening now pg&e crews are working to restore a power outage in san francisco. ktvu tara moriarty joins us now from the city with how many people are effected and what caused this problem. tara. >> reporter: for the past hour and a half pg&e crews have been working on what they are calling an under ground equipment problem. if you look behind me in the distance you can see the truck that pulled up about an hour and a half ago. there is a manhole there on the ground. they had that barricaded. they have removed the barriers and moved downs street. 230 customers are without power. and even the street lamps are out of power. some of these apartments seem like they do have their lights on,

dow jones down 30 points.ant to throw in one of those tidbits the stats that people look at in an election year if january is good. than it indicates a good year for the whole s & p 500. that has been kept since 1945. >> i didn't know that. >> if we have a good january, we'll have a good year. >> okay. >>> 6:52. steve jobs and toys. why the legendary cofounder will have an impact on toy stores worldwide. >>> raiders respond to reports of staffing changes for the silver and black. >>> good morning, traffic on southbound 101 marin county getting a little busier now through central san rafael. >>> welcome back to the ktvu channel 2 morning news it's 6:55. there is a new action figure for the man that made computing fun. chinese made a action figure. they are selling the action figure on its website for about $100. it says the toy comes with different pairs of glasses, props, and hand gestures. steve jobs died in october and some bloggers are calling the toy a bit creepy. >>> getting into the new york marathon wil

the dow jones industrial average down about 31 points. it is off of the worst levels of the afternoon. but nonetheless, double-digit decline there. nasdaq, technology the best performer in 2012. let's check the s&p 500. best s&p month as you heard, since 1997. s&p down about a point here, point and a half at 1,311. what are traders talking about today? bob pisani on the floor right now. >> search on the euro crisis, key west, florida, hotbed of international research into the euro. you know what's happening? you know what they're talking about? it's this sort of the best it's going to be for a while. the economic data is weakening a little bit. we've got months where the u.s. economic has been better than the european. recently, the gdp data last week kind of disappointing. and again today, we had numbers below expectations. chicago pmi, consumer sentiment well below expectations. we had a great start. these are the guys we're talking about. >> those numbers were front loaded. they were much better in the beginning of the month and fell o

the dow jones industrial is also in negative territory. the euro declining slightly against the dollar, trading for $1.30. a german energy giant will/jobs worldwide, 6000 of them in germany -- will slash jobs worldwide, 6000 of them in germany. eon signed a pact with its unions to save 5.5 billion euros by 2014. a large amount is needed to build wind turbines. >> so, germany is introducing new steps. the measures, in response to a number of racially-motivated murders allegedly committed by anyone not to group. the government has set up an agency to reach out to young people, especially susceptible to the far right ideology. it will consult with newspapers on effective ways to sort near not seize. is the german government taking steps against far-right extremism, or is this all tough talk? >> the government is doing several things to combat extremism. dave agreed to set up a national to set an unnatural -- a national center focus on this issue. they have agreed to set up a agencies in germany are decentralized. they do not share information

in new york, it is the first trading day for the dow jones industrial average for the year, and it is 1.8% higher. the euro trading for $1.351. bp says it is not responsible for paying for the gulf of mexico oil spill. they have filed a suit against halliburton for damages. tens of billions of dollars are at stake. the explosion at the deepwater rise in drilling rig killed 11 workers and said more than 4 million barrels of oil into the surrounding waters -- the explosion at the deepwater horizon drilling rig. it is alleged the firm used substandard cement. >> the change in leadership in north korea following the recent death of kim jong il has not affected the regime's hard-line stance against people trying to defect. according to south korean activists, north korean border guides had shut down the -- shot down three men trying to cross the river into china. in the north korean capital, tens of thousands rallied to swear loyalty to the country's new leader, kim jong un. eight researchers nightmare -- a researcher's nightmare. some of the contents of the library after it collapsed will

. >>> the dow jones is down 13.the nasdaq is up eight and quarter and the s&p 500 is flat. >>> tech lovers love super cool gadgets, but this year's consumer electronics show features plenty of items that could be in your living room, office or small enough to fit in your pocket. karin caifa has the details. >> reporter: this year's consumer electronics show has brought many of items. >> what we're seeing are incremental changes to a lot of things already in our lives. >> reporter: 2011 was dubbed as the year of the tablet. >> i think you're seeing a number of solutions in this space because people love than lets. one of the disadvantages, they don't have the physical keyboard. >> reporter: this year's show features lots of ultrabooks, slimmer laptops bridging those gaps. 3dtv's was a trend but the average consumer wasn't buying it. 2012 brings two dimensional tv's with better resolution. even though the camcorder has been changed, there are new devices with the web. the association predicts record industry revenue i

the dow jones industrial average closed up 32.77 points at 12,392.69. the nasdaq composite index rose 2.34 to 2,676.56. >>> at the state capital today facing a key issue facing california. its water supply. >> water drives the issue today. >> he discussed the economic recovery according to his remarks in sacramento. >>> a dispute over whether treated waste water could be used for snow. they gave the snow bowl resort in arkansas the go ahead to make snow with reclaimed water. but a group wants a more thorough study on that plan. >>> in the story julie read feeds tinal us. running out of -- feeds into us here, running out of water to make snow. some are out. some are out of water for making snow and we don't have snow headed your way. 32 in santa rosa. 32 in napa. light showers possible but don't change what you are doing tomorrow. if you have a pe class, do your activities. paint or something, wait, and whatever sprinkle is in your area will be gone. it is a nonevent. if at all. day time highs cooler than today. today 60s. tomorrow with the cloud cover,

the dow jones is at its highest level since may. caw >>mark: opening bell on wall street, the dow is at its highest level since may. jobless claims rise last week, but less than expected. orders for durable goods were up 3% in the month of december. the feds are also pledging to keep interest rates low until late 2014. dow futures are up 64 points. >>darya: the city's newly elected share of will be in court this afternoon to fight a stay with order that will prevent him from seeing his wife and two year-old son. new federal rules make understanding of how much you pay for an airline ticket a lot easier. starting today airlines are required to include all mandatory taxes and fees in the advertised price. apple's mac world opens this morning. mac world is where they have no excess risk for apple products. >>mark: let's get an update on the weather. >>james: this is the view at the golden gate bridge. it is foggy. that tops our headlines at least for the morning. partly cloudy this afternoon. fog tracker 4 is set for the current hour. i

the dow jones is up by eight points.street firms are expecting top- level please paid level to decrease. goldman sachs it could be 50% decrease. and even investment baker's could see a 30%-40% decrease in pay for investment-baker's bankers \ -. we're waiting for the fourth quarter results to complete the store to the corporate earnings season after the market's closing today. from george 9:16 the northbound is showing difficulty on the 680. a special traffic advisory locally. when one or more lanes will be a lot blocked. eight warnings from the chp to avoid this area. this old sonoma boulevard is also jammed up that is the only alternate. there are two lanes open on the 680 northbound. however, it is still slow on the southbound. it is backed all the way up to the dublin interchange. this occurred northbound. the non- commute. avoided completely. 880 is a better ride but i realize it is a further option. the bay bridge also looking decent. eastbound, westbound, also decent and the senate tail bridge. eastbound looking de

the dow jones up at 12,692. the euro trading at just at the $1.30 marks.nd gary and prime minister backing down on a key point of conflict with the european union and the imf. he says he will abandon plans to merge their central bank and regulation. the government is coming under fire for introducing a draft of measures. the imf refused to grant a hungry anymore loans on last they abandon their reforms. on to the swedish furniture giant, ikea. have posted a record profit of nearly 3 billion euro, 10% up from the previous year. the best performing markets include germany, the u.s., russia, and china. despite increases in raw materials, they managed to lower prices for consumers. that's something you did not hear very often. ikea only operates 300 stores worldwide, but they have announced major investments saying warner stores and factories are on the way. europe's biggest drug store chain has gone bust. schlecker has filed for bankruptcy protection after a long battle with finances. they have shut down hundreds of their shops, but that obviously was not eno

in new york, trading still under way for the dow jones industrial average. it looks like it is paring those losses at 12,411. the euro declining against the dollar, trading for $1.29. investors are losing confidence in hungary. the nation's currency fell to its lowest level ever against the euro. budapest is trying to borrow 20 billion euros for its high sovereign debt. concerns sent the euro to 320 florence on wednesday -- florins on wed.. a new rule requiring chevron to pay $18 billion in damages for pollution in the amazon jungle. chevron failed to make a public apology. the oil giant has slammed the decision saying it is further evidence of corruption in ecuador's court system and it will not comply with the ruling. 2011 was a bad year for natural disasters. it was the costliest year on record for the global insurance industry. the most expensive disaster was the earthquake and tsunami in japan in march that caused losses of 27 billion euros. coming in second, the new zealand earthquake. overall the year for a whole had damages of 81 billion euros, toppi

a lot of green today with the dow jones opening in positive territory. it is up.he euro in positive territory. to the back just below that $1.30 mark. the european parliament in strasbourg it -- in strasbourg approved a new directive to stop the illegal export of e-ways. electronic appliances, such as mobile phones, tv sets. they're sent to countries in africa were valuable raw materials like copper are removed in seoul. but you're also needs to keep those reclaimed from materials at home. >> the police in the port of hamburger checking this shipment destined for africa. it is registered as second-hand goods. investigators suspect it is really electronic scrap. it is illegal to export toxic waste from germany. >> what we have here is a lot of broken electrical appliances. so i do not think this step is usable. for spare parts that may be, but nothing more. >> when they reach africa, the appliances are stripped down, often by child workers, for the raw materials they contain. what remains is incinerated, polluting the environment. until now, it has been almost impo

the dow jones is on a slide on its friday. we're watching chevron here in san ramon. the big oil giant reported a 3% slide in their revenue. they made over 26 billion for the year. >>darya: we are headed into the weekend. sunny skies and warm temperatures. get out there and enjoy. >>mark: we hope you have a good weekend. we will see you monday morning starting at 4:00 a.m.. dr. phil is coming up next.

the dow jones rose 83 points and the nasdaq nearly 32. >>> california universities are enroll -- more uc california universities are enrolling more students who don't meet the minimum tests for course requirements. there was a jump in admission by exception. in the cal state system, it's just the opposite, rolling fewer of those students due to budget cuts in 2010, csu admitted 5300 fewer admissions by exceptions students. >>> dramatic testimony in the trial of a murder of a father and two sons. >>> the governor's trying to fetch funds but there are concerns that animal euthanasia rates could go up. >>> and we will have more fog and cooler daytime highs tomorrow. back in 10 minutes with the forecast. [people chatting] everyone, it's $37 a piece. paying with your smart phone instead of cash. that's a step forward. with chase person-to-person quickpay, you can send money directly to your friend's checking account. all you need is their email address or mobile number. don't worry honey, i'll show you. thanks everyone. so take a step forward... and chase what matters. >>> emergency road r

dow jones added 33 points while the nasdaq also finished on the plus side. >>> it's a sign that some people are feeling confident about the future of the economy. according to the federal reserve, consumer debt rose by more than $20 million in november. that's the largest amount it gained in nearly a decade. the increase in borrowing is due largely to credit card spending and a jump in car loans. >>> a group of farmers is sued failed financial firm mf global. they target the company's ceo jon corzine. mf global filed for bankruptcy last year after more than a billion dollars went missing from client accounts. much of that wentz to farmers and ranchers. >>> the supreme court will be hearing arguments over tvs and broadcasts against the fcc. it gives the authority to regulate the industry and issue fines based on context that airs in prime time. >>> and get ready for the gadgets. the electronic consumer show kicked off in lfs. the software giant is trying to make strides in the tablet and smartphone market. they're expected to check out the latest gadgets and innovations between now an

. >>> worries that a deal to keep greece from defaulting set the dow jones down on tuesday. lost 34 point an the nasdaq gained just two. >>> don't blame apple for the dow's dip. the tech company reported monster earnings thanks in large part to sales of the iphone 4s. profits rose 118%. apple says it sold 37 million iphones in the last quarter of 2011. that accounts for more than half of the company's sales. >>> yahoo is giving its investors more bad news. the internet company's earnings report shows just how much it's trying to keep up with google. earnings were down 5% from a year ago. yahoo recently hired a new ceo and saw one of its founders step aside. >>> today we'll get an earnings report from netflix. the home video provider is expected to report a smaller profit after it went through a tumultuous year. they lost nearly a million subscribers had it announced it was splitting into two companies. since july the cost of a share has gone down by nearly $200. >>> garth brooks has prevailed in his lawsuit against an oklahoma hospital. a jury ruled that the hospital must re

dow jones fell 39 points to close at 12,422. the nasdaq fell 14 points to close at 2711. the s&p 500 fell 6 to close at 1289. >> it's the primetime of the year for sneezes, coughs, you can add a couple of smartphone apps to your register minute. >> it's the season for sneezing as winter weather paves the way for cold and flu. a dose of smartphone apps could make you open up and say ah ha. getting in the door could be a challenge, especially when other flu fighting patients are trying to do the same thing. they tried the cut the wait with the website that lets users search doctors by specialty and insurance and schedule an appointment online. the apes for android, blackberry and iphone take most of the features of the website including reviews of other patients and a place to book and keep track of appointments. not sure 23 if it's a cold or flu? apps let you sort out your samples. like the fight the flu ap. it also lets users track flu activity nearby and by zip code and search for pharmacies and urgent care. >> no matter how smart your smartphone is, it's not a replaceme

the dow jones industrial average rose for the foreseeable future to see how stocks are opening here in tokyo this thursday, let's go to the tokyo stock exchange. how are stocks here reacting this morning? >> good morning, ai. let's look at levels here in tokyo for the nikkei and topix, both are marginally higher. we have seen the nikkei gain on the back of the weaker yen, but we're also going to watch out for products and shares related to apple, such as component makers and mobile phone carriers after apple's shares hit a record all-time high following record earnings the day before, so we'll keep track of those as well. also, we're going to get earnings from key japanese companies such as sony and panasonic, nintendo, and also kddi, which along with soft bank, sells the iphone here in japan. now, let's have a look at the currency levels as well. we've seen the euro gaining for most of this week, currently trading around the upper 101 levels, 101.91 to 96, but look at the dollar yen as well following the fed's decision to keep interest rates very low, we did see buying of the yen, whi

the dow jones industrial average closed aat t 12,397. on the tokyo foreign exchange market, the dollar is falling against the yen on wednesday morning. the greenback is now trading at 76.62 to 64 yen. the euro is changing hands between 99.97 to 100.02 yen. the euro fell last week on overseas markets hitting an 11-year low against the japanese currency. let's take a look at the latest long-term interest rates. the yield on the benchmark japanese government bond up nearly one basis point. >>> automakers are worried over hints of a sale slump in emerging countries. the disturbing development comes as manufacturers begin to ramp up production in nations. new vehicle sales in china and brazil for october and november 2011 posted a decline from a year earlier. a global economic slowdown is being blamed as the consequences of the european credit crisis start to bite. the numbers mark a stark downturn from the robust growth of earlier years. in 2010 sales in china surged by over 30%. those in brazil rose more than 10%. makers are concerned as th

six >>mark: the first trading day of the week on wall street, said dow jones of 117 points. the s&p 500 is now back over the 1300 mark. >>darya: taking a look at the campaign, a decision to thousands well. the five remaining gop candidates face of and myrtle beach south carolina last nine ahead of saturday's primary. >> with to contest wins under his belt and a recent endorsement from huntsman, mitt romney was the man to be in monday's local gop debate. >> mid, we need for you to release income-tax is so that the people of this country can see how you manage your money. >> i would ask mitt romney, d believe the felons who served time and exhausted parole and probation, should they be given the right to vote? >> mitt romney kept his focus on barack obama. >> our president has been in office for three years and does not have a jobs plan yet. i already have one. >> the difference between barack obama and the five of us, we are really think work is good. >> romp all dug in on santorum. >> of did you are exposing its voting record, there was one ad that we used against senator sa

the dow jones reached above the highest close since the 2008 financial crisis. weak reports on housing and economic growth sent stocks lower to finish the i day. the dow is down 22 points and the nasdaq lost 13. >>> today attorney general eric holder unveils new details about a fraud fighting unit. the task force will focus on investigating bad mortgage deals which were a key trigger of the financial meltdown. president obama announced the unit's formation during his state of the union address. >>> in his tuesday night speech, the president also called on all americans to pay their fair share. a new report from the irs shows tens of thousands of federal government employees owe more than $3 billion in back taxes. the study found that 36 members of president obama's executive office are on the hook for more than $800,000 and nearly 700 employees of congress owe uncle sam a total of more than $10 million. >>> more trouble for twinkie maker hostess. the bankrupt baker is asking a judge to reduce commitments to union workers. cutting its obligation to its workforce i

in new york, trading still under way on the dow jones industrial average, and it is gaining. the euro trading for $1.374. germany known as a major exporter, but for the first time in three decades, the country has reported that it imported more than it exported last year. in other words, it has a trade deficit. what makes it even more dramatic is that japan managed to run a surplus right through the two biggest financial shocks -- the asian financial crisis and the lehman brothers collapse. >> these japanese cars are bound for europe, does not as many as before. the country is also shipping of your machines and electronic devices compared to years past. japan exported less overall in 2011, a 2.7% drop over the previous year. and japan purchased more from abroad, pushing imports up by 12%. a number of factors were damaged in the earthquake and tsunami that hit japan early last year, and that hampered exports. since most of the country's nuclear power plants have been shut down since then, japan had to import more crude oil and other raw materials. strong yen and economic troub

the dow jones industrial average lost 49 points, while the nasdaq gave back 14. >>> movie and tv studioionsgate is buying summit intertaint for $412 million summit produce the teen series twilight. the deal brings together two small studios putting them on a footing with the large he's studios in hollywood. lionsgate is set to release its own series, the hunger games, in march. that's your money watch. for more, stay with cbs money watch.com. in new york, i'm alexis christoforous. >>> up next, your weather forecast for monday morning. a huge upset in green bay as the giants send the packers packing. i'm always looking out for small ways to be more healthy. kr this bowl of strawberries is loaded with vitamin c. and now, b vitamins to boot. coffee doesn't have fiber. unless you want it to. splenda® essentials™ are the first and only line of sweeteners with a small boost of fiber, or antioxidants, or b vitamins in every packet. mmm. same great taste with an added "way to go, me" feeling. splenda® essentials™. get more out of what you put in. when you spend more days than not separated from

the dow jones industrial average would go down at least 20%.nd we were looking at potential catastrophe in terms of the economy. according to paulson, the congressmen that this meaning were stunned at what they were hearing. after that said under 18th meeting, 10 people who were at that meeting, members of congress, when not canceled a bunch of stock next day. congressman from virginia a rant a rant. you would other members of congress to dump shares ended up buying shares and other companies that did very, very was also a gentleman named spencer of t

the dow jones industrial average is still at 11,400. people are nervous, but panic has not set in.we know from hank paulson's memoirs that he asked and members of congress who were at that meeting had to leave their blackberries and cell phones at the door, it was highly sensitive, and we know based on paulson's account that they informed members of congress that this was a potentially cataclysmic financial crisis, that the dow jones industrial average was going to go down at least 20% and that we were looking at potential catastrophe in terms of the economy. according to paulson, the congressmen who were at this meeting were ash schoen-faced and stunned, those were his words, at what they were hearing. after that september 18th meeting, ten people who were at that meeting -- members of congress -- went out and sold a bunch of stock the next day. congressman from virginia moran sold stock from 90 different companies, other members of congress who dumped shares in the financial sector and ended up buying shares in other companies that did very, very well. there was also a gentleman

the stock market, the obama administration, the dow jones was 7949 his day in office.s well over 12,000. corporate profits are record highs. corporate tax rates are no higher than they were under the reagan administration. we have the lowest tax structure than decades. the income tax rate is the same as when i was working for the clinton administration. >> they are looking at who is -- >> they are saying the rich are doing well, why aren't we doing well. let's benefit the middle class. >> this is the job debate that will play out for the next -- how many weeks do we have? >> who knows. far too many. >> thanks for joining me. we'll talk to you soon. >>> a landmark new study says a great teacher determines how much money you'll earn later in life. that's next on "your bottom line." over twenty delicious varieties have sixty calories or less per serving and are now weight watchers-endorsed. try green giant frozen vegetables with sauce. forty years ago, he wasn't looking for financial advice. back then he had something more important to do. he wasn't focused on his future.