MID-DAY UPDATE: Central Bank to buy bonds, Chrysler predicts profit and "congestion pricing"
Learn why the G-20 nations and other world leaders object to the Federal Reserve’s decision to buy $600 billion worth of treasury bonds. We examine how the Federal Reserve’s move to jump-start the economy may have led to the cost of crude oil increasing by as much as 6%. Chrysler is in an optimistic mood, predicting an operating profit for the year overall, after losing $84 million in the third quarter. As the revenue from gasoline taxes fluctuates towards empty, the fill-up opportunity may be found in “congestion pricing”. Also, are there personal issues behind Oracle suing German company SAP — that go beyond just software theft?
Take a quick trip over to Indonesia, where President Obama will be today, as part of his Asia tour. And over in Australia, Qantas is grounding six airbus superjumbos for another three days, because of engine problems.
Host Jeremy Hobson talks with Bill Dudley, president of the New York Federal Reserve — part of our “Welcome to New York Week.” And finally, find out how running could cause a bank run.
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