U.S. Week Ahead: Obama's goals could hit fiscal wall
Friday, February 08, 2013 - 02:27
Feb. 8 - Expect to hear more about climate change, energy independence and gun control in President Obama's State of the Union Address. But those could take a back seat until the debt ceiling is resolved.
▲ Hide Transcript
▶ View Transcript
President Barack Obama will define his key goals for the year with his State of the Union Address on Tuesday. Your more about climate change and energy independence from gun control and immigration reform. But those will not be a priority and congress until lawmakers and the White House involved in the next round of fiscal bottled including -- sixteen point four trillion dollar debt ceiling. This speech comes just days before the treasury -- -- -- line. To pay the government built. Almost stealing the spotlight from President Obama Apple's CEO Tim Cook -- He's speaking to cameras as the tech conference on the same day investors want to get more reaction from him. Not an attempt to get the tying to unlock its 137. Million dollar cash pile. I'm -- is also urging shareholders to vote against planned to get rid of preferred stock. Apple had already fired back his proposals are misguided and analysts in a formal response to the reports on Friday. McGraw-Hill shareholders will be looking for a reassurances that the owner -- that he can defend itself. From a billion dollar lawsuit when a company reports the US accusing -- vehemently ratings of mortgage bonds during the financial crisis. But better honest on defense worthy of the Baltimore Ravens during a conference call it shares have fallen more than 20% and the government launched -- On February the expectations are high when General Motors reports earnings on Thursday profits are -- to almost doubled our record breaking fourteen point five billion dollars. Strong sales in North America and China as special one time items. Focus on what CEO Dan Akerson that's about GM's European operations. It's an analyst had to start projection from the automaker has a 5050 chance of breaking even by mid decade we're doubling its losses three billion dollar. GM shares up 8%. Over the last year. Your bigs that its retail sales I -- Bart says they should rise clients have been 110 of a percent in January. He wore their paychecks get eaten up. Tiger has injured digit would be anything in negative territory have persistent drop in sales mean thousands of more job losses. At -- start showing up in the economy cannot possibly through here. We'll catch us on Twitter at Reuters Insider and get more of our video that -- dot com stock -- to eat I'm ready mom this is for years.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code