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MIDDAY UPDATE: Obama's regulation reform, finding a successor for Steve Jobs

President Barack Obama will sign an executive order today requiring federal agencies to review regulations that might hurt economic growth. Juli Niemann, analyst at Smith Moore and Co., says the regulation is necessary, but she questions how it will affect businesses.

Investors continue to speculate how Steve Jobs' medical leave of absence will affect Apple. Analysts debate whether there is a successor to Steve Jobs, or if he is irreplaceable. The company is expected to announce its earnings today after a year of record iPhone and iPad sales.

Steve Chiotakis talks with Paul Clemens, author of the new book "Punching Out: One Year in a Closing Auto Plant." Clemens explains that the closing of the Budd Co. in Detroit is just the setting for his book -- the subject is the withering of American Industry.

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