Saturday, January 19, 2013

The Morning Report -- Saturday January 19, 2013

Most Support NRA -- Republicans Pick Battles -- Obama Speech Challenges -- CA Job Growth Slows -- US Economy Grows 


DESPITE RECENT CRITICISMS MOST SUPPORT NRA, POLL SHOWS

While the National Rifle Association takes a beating daily in the media, a recent poll shows a majority of Americans still support the nation's leading gun-rights group. Gallup polling shows 54 percent of Americans have a favorable opinion of the NRA. Thirty-eight percent have an unfavorable opinion. 

Read more: http://www.foxnews.com/politics/2013/01/18/majority-supports-nra-despite-recent-criticism-poll-shows/#ixzz2IPiBNNNk

REPUBLICANS THINK SEQUESTRATION IS BETTER FIGHT

WILLIAMSBURG, Va. — Republicans are diving into a strategy to resolve the debt ceiling standoff that they believe will maximize their leverage in the upcoming fiscal fights and show they’re not trying to plunge the nation into default. At their three-day retreat here, the GOP regrouped following the fiscal cliff crisis and decided to move forward next week with a bill to lift the debt cap — with a demand the Senate pass a budget or dock the pay of lawmakers.

Read more:
 http://www.politico.com/story/2013/01/republicans-sequestration-fight-86425.html#ixzz2IPiZJnoL

FOR OBAMA, SECOND INAUGURAL SPEECH IS SPECIAL CHALLENGE

(Reuters) - Four years ago, his challenge was to cut through what he called the "gathering clouds and raging storms" of an economic recession.
When President Barack Obama gives his second inaugural address outside the U.S. Capitol on Monday, the road ahead for him and his presidency is no less challenging. Battles with Republicans loom over federal spending, taxes, the government's debt limit, gun control and immigration.

CALIFORNIA JOB GROWTH SLOWS IN DECEMBER; PAYROLLS SHRINK

After adding jobs at a steady clip through most of last year, California's employment engine lost steam in December as employers reduced payrolls by 17,500 net positions.
The unemployment rate remained unchanged at 9.8% last month, according to figures released Friday by the state's Employment Development Department.
The loss of payroll jobs in December ends a seven-month streak in the Golden State.

US ECONOMY GROWS BY 155,000 JOBS IN DECEMBER

WASHINGTON (AP) — Holiday shopping, strong auto sales and a recovering housing market helped boost the U.S. economy from the middle of November through early January, according to a Federal Reserve survey released Wednesday.
The Fed said 12 of its regional banking districts reported "modest or moderate" growth in the final weeks of 2012. Of those, only St. Louis said growth had slowed from the previous survey, which covered October through early November.

AROUND THE WORLD

European regulators ground the Boeing 787 Dreamliner

LONDON -- European air-safety officials followed their American counterparts’ lead Thursday by grounding Boeing 787 Dreamliner jumbo jets after a series of worrisome incidents aboard the new aircraft.
The European Aviation Safety Agency, or EASA, announced that it was adopting the Federal Aviation Administration's directive, issued Wednesday, ordering all 787s taken out of service. Jeremie Teahan, a spokesman for the EASA, said the action was taken "to ensure the continuing airworthiness of the European fleet." 

BUSINESS

Stocks Mixed, But S&P 500 Hits Five-Year High

The S&P 500 climbed 5 points, or 0.3%, to 1,486, bringing its gain to 0.95% this week. Surprisingly bleak U.S. consumer confidence and a lagging technology sector weighed on the markets. Still, the S&P 500 is at its highest close since Dec. 26, 2007.
The Dow Jones Industrial Average closed up 54 points, or 0.4%, to 13,650. The blue-chip index gained 1.2% for the week and finished up six of the past seven days.


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