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Dec 1, 2011
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andrea and jessica? >> thank you. most of the district's firefighters and personnel live outside the city. some way outside of the city. now, the fire chief is trying to change that. >> but as bruce johnson reports, he's running into a lot of opposition from the union. >> this is bruce johnson in northwest washington. does it make a difference where your neighborhood firefighter lives? 75% of d.c. fire department live outside the city. some from as far away as west virginia, pennsylvania, north carolina, even new jersey. d.c.'s fire chief ken elerby says he can provide the same service for a lot less. he wants to eliminate the 24 hour shifts and replace them with 12 hour shifts. >> it is a cost savings of about $36 million and all of the attending costs that go along with housing. >> here's how it works. right now, d.c. firefighters work an average of 24 straight hours then they're off for three days. one firefighter here on 13th street says he lives in hagerstown, maryland. if the chief gets his way, he would have to
andrea and jessica? >> thank you. most of the district's firefighters and personnel live outside the city. some way outside of the city. now, the fire chief is trying to change that. >> but as bruce johnson reports, he's running into a lot of opposition from the union. >> this is bruce johnson in northwest washington. does it make a difference where your neighborhood firefighter lives? 75% of d.c. fire department live outside the city. some from as far away as west virginia,...
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Dec 2, 2011
12/11
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jessica? >>> metro considering changing how it charges passengers on the rail lines. now at thursday's meeting everything from a two tiered flat rate system to eliminating the peak of the peak fares was discussed. also discussed the need to close $124 million budget shortfall and it's talking about raising fares by almost 6%. >>> big heads-up for melt row riders. beginning tonight at 10:00 the red line will be closed from glen month to rhode island avenue and stay closed through sunday night. that's nearly the entire eastern branch of the red line. free shuttle buses will get you through the area but you're going to need to add 30 minutes to your commute. there will also be no service on the orange line between the cheverly and the deanwood stations. buses will be there as well but you also need to schedule an extra 20 minutes to your travel time. >>> the first true cold air of the season is leading metro to change its rules when snow starts piling up on the tracks. historically the system has dropped running aboveground once we get 8 inches of snow but now the transi
jessica? >>> metro considering changing how it charges passengers on the rail lines. now at thursday's meeting everything from a two tiered flat rate system to eliminating the peak of the peak fares was discussed. also discussed the need to close $124 million budget shortfall and it's talking about raising fares by almost 6%. >>> big heads-up for melt row riders. beginning tonight at 10:00 the red line will be closed from glen month to rhode island avenue and stay closed...
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Dec 29, 2011
12/11
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it is time for the first your money segment, jessica doyle is out covering the breaking news for us. we'll look at some of your money headlines now. stocks slid after renewed worries about europe's debt crisis. the euro fell to a 15-month low against the dollar. that's making american goods more expensive. the dow closed down 140 points yesterday. the nasdaq was up 35 points and the s&p 500 lost about 16. >>> well, 2011 ends with americans paying the highest annual average ever for a gallon of gasoline and with the pending international crisis, it could make the next year 2012 even worse. gary nurenberg explains iran's threat to close an international shipping route could have us all digging deeper to pay for gas. >>> 1/3 of all oil shipped by sea passes through the strait of hormuz which iran said it could close as easily as drinking a glass of water. >> it would increase oil prices and to make it more difficult for the u.s. to return to recession. >> it is a threat to new sanctions expected from washington and the european community aimed at iran's oil industry, efforts to get iran
it is time for the first your money segment, jessica doyle is out covering the breaking news for us. we'll look at some of your money headlines now. stocks slid after renewed worries about europe's debt crisis. the euro fell to a 15-month low against the dollar. that's making american goods more expensive. the dow closed down 140 points yesterday. the nasdaq was up 35 points and the s&p 500 lost about 16. >>> well, 2011 ends with americans paying the highest annual average ever for...
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Dec 5, 2011
12/11
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. >> reporter: this is the house jessica foreman now calls home. the iraqi war veteran found herself homeless after she left the military and completed school. >> just because you go to school for something there is not necessarily guaranteed you would be employed. >> reporter: in the pantry there is plenty of food and it feels like a luxury to army vet mona various son. she said in the military she was raped by a fellow soldier. here she could get help with posttraumatic stress disorder. for her, this private bedroom with a large walk in closet is a great start. >> reporter: there are six bedrooms in this house and some of them still need to be filled. the ones down here in the basement are many for women with children, because there is plenty of space for them to play. >> reporter: that is good news for sandra strickland. the iraqi war vet has two kids. >> two days before christmas last year i was involved in a domestic violence situation and i fled the home with my children. >> reporter: she says it has been a long road but being here reminds he
. >> reporter: this is the house jessica foreman now calls home. the iraqi war veteran found herself homeless after she left the military and completed school. >> just because you go to school for something there is not necessarily guaranteed you would be employed. >> reporter: in the pantry there is plenty of food and it feels like a luxury to army vet mona various son. she said in the military she was raped by a fellow soldier. here she could get help with posttraumatic...
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Dec 26, 2011
12/11
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jessica doyle will join us live in the next hour. wall street closed today! because of the holiday. did gain some ground last week on some hopeful signs of the u.s. economy and the job market. dow climbed 124 points on friday. nasdaq picked up 19. this morning, asian markets are mixed in a holiday trading session. the nikkei is up just over 1%. markets are also closed in europe and in hong kong as they own the christmas holiday as well. >>> well, when it comes to worrying, most people have the economy at the top of their list. 57% of those polled say the economy is most important issue the country is facing right now. 51% say unemployment is the country's biggest problem. >> little bit of good news. there are some signs the job market is slowly but steadily improving. the number of americans applying for unemployment benefits is at a 3.5 year low now. the jobless rate fell in three states last month. many economists say the unemployment rate will hover around 8.5% at least through the next year. christmas was a day of mourning for several families across the country from deadly shoo
jessica doyle will join us live in the next hour. wall street closed today! because of the holiday. did gain some ground last week on some hopeful signs of the u.s. economy and the job market. dow climbed 124 points on friday. nasdaq picked up 19. this morning, asian markets are mixed in a holiday trading session. the nikkei is up just over 1%. markets are also closed in europe and in hong kong as they own the christmas holiday as well. >>> well, when it comes to worrying, most people...
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Dec 9, 2011
12/11
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jessica is off. we'll give you the headlines. all eyes once again -- this sounds like a broken record, are on europe as leaders hold a summit trying to tackle the region's debt crisis. the future of the euro and the stability of the global financial system are at stake and countries will likely be asked to hand over fiscal decisions like how much they spend, how much money they borrow all to authorities. on wall street, stocks sank despite claims that unemployment benefits fell to a low. they remain focused on europe's troubles. dow lost 199 points. nasdaq fell 53. s&p 500 was off 26 and change. >>> american's household net worth fell 4% last summer. the biggest quarterly loss. stock portfolios, pension funds and homes all lost value. at the same time, figures from the federal reserve show corporations increased the amount of cash they have on hand to record levels now. mortgage rates are nearing historic lows for a sixth straight week. freddie mac says the rate on a 30-year fixed dipped to 3.99% from 4% the previous week. but th
jessica is off. we'll give you the headlines. all eyes once again -- this sounds like a broken record, are on europe as leaders hold a summit trying to tackle the region's debt crisis. the future of the euro and the stability of the global financial system are at stake and countries will likely be asked to hand over fiscal decisions like how much they spend, how much money they borrow all to authorities. on wall street, stocks sank despite claims that unemployment benefits fell to a low. they...
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Dec 8, 2011
12/11
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jessica doyle is here. >> good morning to both of you. for wall street, it will be another day of watching the economy and the european debt crisis. that's right. standard & poors has put the aaa rating of the 27-nation european union on alert for a possible downgrade. later this morning, we'll go a fresh update on the job market and a look at trade. investors will watch a hearing on the hill about the collapses and the global and its leader former new jersey governor and senator jon corzine has been subpoenaed to testify. as for stocks, checking the numbers, the dow stands at 12,196, 46 points in trading. yesterday, nasdaq was pretty much flat. s&p 500 was better by about 2 and a half points. >>> more people are flying this holiday season than last. there is less of a chance of a last-minute sale. ticket prices are already 5% higher than last year but it is still not too late to land a holiday travel deal if you're flexible. experts suggest flying at least four days before or on the actual holiday to get the best prices and consider usin
jessica doyle is here. >> good morning to both of you. for wall street, it will be another day of watching the economy and the european debt crisis. that's right. standard & poors has put the aaa rating of the 27-nation european union on alert for a possible downgrade. later this morning, we'll go a fresh update on the job market and a look at trade. investors will watch a hearing on the hill about the collapses and the global and its leader former new jersey governor and senator jon...
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Dec 23, 2011
12/11
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jessica doyle is on assignment but here are today's headlines. encouraging economic reports sent stocks higher. the number of people applying for unemployment benefits dropped to a 3 and a half year low. it is the third straight weekly drop in jobless claims, a sign the job market is slowly improving. looking at the markets, the dow was up 61 points, nasdaq up 21. the s&p 500 rose 10. >> it could be a rosy new year for hundreds of people in the richmond area. amazon.com is opening two new distribution centers which will employ over 1300 people. one of the distribution centers will be around chesterfield, the other will be around dimwitty. bob mcdonnell approved be grants to assist counties with the project. >>> west buy is having trouble keeping up with overwhelming demand for. best buy didn't say how many orders are affected or which products are out of stock. >>> still don't have gifts for everyone on your list? according to "consumer reports," 14% of shoppers tell a fib such as it is in the mail or mike, i forgot it at home. when confronted ab
jessica doyle is on assignment but here are today's headlines. encouraging economic reports sent stocks higher. the number of people applying for unemployment benefits dropped to a 3 and a half year low. it is the third straight weekly drop in jobless claims, a sign the job market is slowly improving. looking at the markets, the dow was up 61 points, nasdaq up 21. the s&p 500 rose 10. >> it could be a rosy new year for hundreds of people in the richmond area. amazon.com is opening two...
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Dec 20, 2011
12/11
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. >> here's jessica doyle with the headlines. >> investors really hoping for a better day than yesterday. investors are going to look towards the housing market this morning with a new report expected from the government. stocks pulled back yesterday on continuing concerns about the european debt crisis and its poe essential impact on the global banking system. checking the numbers for you, the dow stands this morning at 11,766, off another hundred points in trading yesterday. the nasdaq pulled down by 32 points and the s&p 500 lost by about 14 points. the controversial trading market for derivatives will go without new rules for a while longer. federal regulators have put off till july for rules to take effect bringing oversight to the complex financial instruments blamed for helping spark that financial crisis. that will be two years after enactment of the 2010 financial overhaul rule mandating the rules in the first place. >>> at&t is ending its bid to acquire p-mow -- acquire t- mobile. the justice department stopped the merger claiming it would hurt competition. >>> shoppers have sp
. >> here's jessica doyle with the headlines. >> investors really hoping for a better day than yesterday. investors are going to look towards the housing market this morning with a new report expected from the government. stocks pulled back yesterday on continuing concerns about the european debt crisis and its poe essential impact on the global banking system. checking the numbers for you, the dow stands this morning at 11,766, off another hundred points in trading yesterday. the...
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Dec 21, 2011
12/11
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here's jessica doyle. >> good morning. that's the kind of market performance we're talkin' about. starting way above the 12,000 level this morning, stocks surge yesterday after an upbeat housing report. we had some encouraging headlines out of europe. we'll get to that in a second. here's the good news. dow standing this morning at 12,103. 337 point rally yesterday. we'll take it. nasdaq up by 80 points and the s&p 500 added 35 points. now, homebuilders, they broke ground in november on more houses than in any time in the past year and a half. new home construction climbed more than 9% last month. that was led by a 32% drop in demand for apartment buildings permits which are pretty good gauge to future construction. they also rose to a one-year high. the home building industry is improving modestly after two of the worst years in history. >>> confidence among german business leaders and consumers unexpectedly rose in december according to a new survey and the spanish government pulled off a successful debt auction. why do we care? because both ofs they things help to ease worries
here's jessica doyle. >> good morning. that's the kind of market performance we're talkin' about. starting way above the 12,000 level this morning, stocks surge yesterday after an upbeat housing report. we had some encouraging headlines out of europe. we'll get to that in a second. here's the good news. dow standing this morning at 12,103. 337 point rally yesterday. we'll take it. nasdaq up by 80 points and the s&p 500 added 35 points. now, homebuilders, they broke ground in november...
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Dec 13, 2011
12/11
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jessica doyle is off but here are today's headlines. stocks dropped sharply on concerns europe's recent pack doesn't go far enough to revolve its debt crisis. moody's will review the credit rating of all european countries in the first three months of the new year. after falling more than 240 points, the dow did finish above 163 points lower. the s&p 500 fell by nearly 19. >>> the federal government is expected to run a deficit below $1 trillion for the first time in four years. experts say it is modest progress in the face of intense debate in washington over spending. right now, the government is on pace to end the year $973 billion in the red. the numbers could change if congress extends the payroll tax cut and long-term unemployment benefits by the end of the month. >>> a new report says real estate investors drove the housing bubble which led to record foreclosures. the report by the federal reserve bank of new york found investors who use mortgage credits to buy multiple homes helped inflate prices. more than a third of all home m
jessica doyle is off but here are today's headlines. stocks dropped sharply on concerns europe's recent pack doesn't go far enough to revolve its debt crisis. moody's will review the credit rating of all european countries in the first three months of the new year. after falling more than 240 points, the dow did finish above 163 points lower. the s&p 500 fell by nearly 19. >>> the federal government is expected to run a deficit below $1 trillion for the first time in four years....
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Dec 27, 2011
12/11
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jessica is out reporting live. she'll join us in about a half hour. here is a look at headlines. a typo during an online shopping trip could turn into a disaster for you. one internet security firm says beware of typo squatters. the company says there are about 2,000 sites that look identical to legitimate ones but they're designed to capture your personal information instead and launch malicious computer attacks and initiate online scams. some of those popular retailers including best buy, walmart and apple have been targets. companies like go daddy.com and amazon try to buy up all of the errant site names to reduce the problem. >>> traders return to work on wall street after a three-day holiday weekend. stocks rallied last week after several reports that things seem to be looking up in the new year. alexis christoforous has more. >> reporter: traders return to work on wall street after the long holiday weekend. the dow will try to extend its best winning streak since july. stocks rallied last week after a new wave of reports pointed to a strengthening economy. as we head into t
jessica is out reporting live. she'll join us in about a half hour. here is a look at headlines. a typo during an online shopping trip could turn into a disaster for you. one internet security firm says beware of typo squatters. the company says there are about 2,000 sites that look identical to legitimate ones but they're designed to capture your personal information instead and launch malicious computer attacks and initiate online scams. some of those popular retailers including best buy,...
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Dec 7, 2011
12/11
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. >> here is the lovely jessica doyle. >> good morning, guys. it looks like we're trying to keep our distance from the european debt crisis as much as we possibly can. treasury secretary timothy geithner says the u.s. federal reserve has no plans to give money to the imf to support the european bailout fund. geithner is encouraged by the reforms being made by euro nations. wall street though, investors really proceeded with caution yesterday and the results were pretty mixed. taking a look at the numbers, the dow stands at 12,150. added 52 points in trading yesterday. the nasdaq was off by about 6 and the s&p 500 was up by about 1 and a half points. city group is slashing 4500 jobs worldwide. that's about 1.5% of its work force. the bank says it is part of an effort to trim costs. the cuts will be made over the next few quarters. >>> lehman brothers has one approval in court for its reorganization plan, ending the largest bankruptcy in history. that bankruptcy is often cited as the trigger for the global financial crisis of 2008. lehman will beg
. >> here is the lovely jessica doyle. >> good morning, guys. it looks like we're trying to keep our distance from the european debt crisis as much as we possibly can. treasury secretary timothy geithner says the u.s. federal reserve has no plans to give money to the imf to support the european bailout fund. geithner is encouraged by the reforms being made by euro nations. wall street though, investors really proceeded with caution yesterday and the results were pretty mixed. taking...
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Dec 16, 2011
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jessica doyle is off. the middle class is shrinking according to the latest census figures. nearly half of all americans are living in poverty or scraping by on earnings which classify them as low income. a family of four is considered at low income if they earn about $45,000 per year or less. stocks snapped the three day losing streak after reports showed the number of americans applying for unemployment benefits fell to a three and a half year low. a look at the numbers -- . >>> key financial institutions are announcing layoffs however. morgan stanley will cut 1600 jobs roughly 2.5% of the work force another the bank. the -- at the bank. the cuts will take place in the first three months of next year and will be across all levels of the company. they are the latest bank to reduce jobs in the face of extreme volatility in the financial markets. last week citigroup said it was going to eliminate 4500 jobs over the next six months. >>> chase is making checking accounts easy to understand. easier to understand. the bank is going to start providing a three page disclosure which
jessica doyle is off. the middle class is shrinking according to the latest census figures. nearly half of all americans are living in poverty or scraping by on earnings which classify them as low income. a family of four is considered at low income if they earn about $45,000 per year or less. stocks snapped the three day losing streak after reports showed the number of americans applying for unemployment benefits fell to a three and a half year low. a look at the numbers -- . >>> key...
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Dec 12, 2011
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. >> jessica doyle is off. here are the headlines. >> the stock market will try to extend last week's big rally. investors were encouraged by the signs in europe. >> consumer sediment jumped to a six-month high and the u.s. trade gap narrowed in october. more businesses and consumers bought goods and services made in america. that's a good thing for us. the dow starts this morning at 12,184 finishing up 186 on friday. the s&p 500 was up nearly 21. >> the federal reserve meets this week. policymakers are expected to hold interest rates steady on signs the economy, economic recovery is taking hold. also this week, expect reports on november retail sales and inflation. another internet company will make its stock market debut this week. the online game company plans to raise a billion dollars with its initial public stock offering. >>> the holiday season can be fun for couples but it also brings on stress, especially when it comes to money. >> according to a recent survey, men and women have very different approac
. >> jessica doyle is off. here are the headlines. >> the stock market will try to extend last week's big rally. investors were encouraged by the signs in europe. >> consumer sediment jumped to a six-month high and the u.s. trade gap narrowed in october. more businesses and consumers bought goods and services made in america. that's a good thing for us. the dow starts this morning at 12,184 finishing up 186 on friday. the s&p 500 was up nearly 21. >> the federal...
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Dec 28, 2011
12/11
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jessica doyle is out reporting. u.p.s. spent yesterday trying to deliver about 50,000 packages that were delayed. the company says last week, a snowstorm slowed them down when it came to delivering packages by christmas day. many customers say they're not buying the weather excuse though. one man says the u.p.s. driver was at his home and told him the majority of his packages were buried in the back of the truck and that he would be right back. the guy says the driver never came back. another customer told the driver that her delay was a union matter. all packages scheduled to be delivered yesterday but ended up on your porch. >>> you could soon be paying more for your health insurance. a major retail is closing more stores. alison harmelin has those stories and more in this money headline. >> reporter: stocks were mostly flat on mixed economic news. consumer confidence jumped to an 8-month high. home prices remain down in 20 major cities across the u.s. the dow closed down more than 2 points. nasdaq is up 6. sears stocks
jessica doyle is out reporting. u.p.s. spent yesterday trying to deliver about 50,000 packages that were delayed. the company says last week, a snowstorm slowed them down when it came to delivering packages by christmas day. many customers say they're not buying the weather excuse though. one man says the u.p.s. driver was at his home and told him the majority of his packages were buried in the back of the truck and that he would be right back. the guy says the driver never came back. another...
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Dec 14, 2011
12/11
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jessica is off. we have the headlines. the federal reserve held interest rates steady. the u.s. economy is expanding moderately. in the latest policy statement, the fed said hiring is picking up and consumers are spending despite the slower growth globally. they were disappointed the fed didn't offer a new stimulus. the dow lost 66 points, nasdaq dropped 33 and the s&p 500 was off 11 points yesterday. retail sales rose for the sixth straight month in november as americans spend more on clothing and electronics. the overall gain of .2 of a percent was the smallest since june. consumers pulled back on some purchases that are not related to holiday shopping like groceries. >>> macy's will once again keep a handful of stores open around the clock for three days leading up to christmas eve. 14 stores will stay open for 83 hours straight. from december 21 through 24. they're hoping it will give a big sales boost for the holidays. >> here is a question. where would we be without metro? would you be willing to pay $200,000 for a hypothetical answer to that question? >> that's what the t
jessica is off. we have the headlines. the federal reserve held interest rates steady. the u.s. economy is expanding moderately. in the latest policy statement, the fed said hiring is picking up and consumers are spending despite the slower growth globally. they were disappointed the fed didn't offer a new stimulus. the dow lost 66 points, nasdaq dropped 33 and the s&p 500 was off 11 points yesterday. retail sales rose for the sixth straight month in november as americans spend more on...
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Dec 30, 2011
12/11
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jessica doyle is joining us live. here are the headlines so far. one cell company isn't making going green so appealing. plus, the word of the year when it comes to the economy. alexis christoforous has more on both of the topics. >> reporter: verizon will charge customers a $2 fee if they pay their bill over the phone or online with a credit card. the new convenience fee goes into effect january 15th and not apply to electronic check payments or automatic credit card payments. experts say verizon is trying to push customers to sign up for its free automatic payment program. well, moments after the news broke, customers logged on to twitter and facebook to voice their anger over the new fee. >>> volatilely was the word of the year on wall street certainly. the dow closed up or down triple digits more than 100 times but 2011 won't be the most volatile year on record. that belongs to 2008. >>> the dow jumped 135 points thursday and the nasdaq jumped 24 and the dow is up about 6%, the nasdaq is down nearly 1.5%. >>> mortgage rates are up slightly this
jessica doyle is joining us live. here are the headlines so far. one cell company isn't making going green so appealing. plus, the word of the year when it comes to the economy. alexis christoforous has more on both of the topics. >> reporter: verizon will charge customers a $2 fee if they pay their bill over the phone or online with a credit card. the new convenience fee goes into effect january 15th and not apply to electronic check payments or automatic credit card payments. experts...
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Dec 15, 2011
12/11
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jessica doyle is off. here are today's headlines. stocks fell for the third straight day as investors continue to worry about europe's troubles and its effect on the u.s. economy. the euro slid to its lowest level in about a year against the u.s. dollar. gold plunged about 5% to close below $1600 an ounce for the first time in two months. that could translate into lower gold prices at the jewelry counter just in time for the holidays. >>> on wall street, the dow lost more than 130 points. the nasdaq was down nearly 40 points, the s&p 500 was down almost 14 points. >>> chief executives expect the u.s. economy to continue its slow, uneven recovery. 35% of ceos polled by the business roundtable expect to add jobs in the next six months. nearly 70% believe their sales will rise from now through the spring. >>> retailers expect consumer spending to pick up again as we enter the final stretch before christmas. in fact, six of the top ten shopping days of the holiday period are still to come including this saturday. which is expected to be
jessica doyle is off. here are today's headlines. stocks fell for the third straight day as investors continue to worry about europe's troubles and its effect on the u.s. economy. the euro slid to its lowest level in about a year against the u.s. dollar. gold plunged about 5% to close below $1600 an ounce for the first time in two months. that could translate into lower gold prices at the jewelry counter just in time for the holidays. >>> on wall street, the dow lost more than 130...