March 25, 2009
Posted: 1531 GMT
Looking at the Dow Jones, I'm having a hard time believing that if things continue to go well on Wall Street, we'll be up to 8,000 again on the big board. Remember when we were a thousand points lower just a few sessions ago?
Last month, new home sales in America bounced unexpectedly. Sure they're still at terribly low levels, but they're up. We'll take it!
Also inteersting today, after the AIG bonus hooha, one top AIG exec submitted his resignation to AIG CEO Edward Liddy. His letter was printed in the New York Times' Op-Ed section.
It's a fascinating look from inside AIG. Former Executive VP Jake De Santis writes to his boss: "We should not be cheated of our pay any more than a plumber who has fixed the pipes before a careless electrician burned down the house."
I can hear some readers saying "cry me a river," but perhaps others will start feeling sympathy for AIG employees who've worked hard and whose units did not cause the giant to collapse, today villified and asked to hand back their bonus money.
We'll talk about reaction to the AIG letter and the market numbers with Stephanie Elam in New York.
Also on tap: Secretary of State Hillary Clinton's visit to Mexico. Neighborly relations are going through a rought patch over the drug wars in Northern Mexico and how to quell the violence in the border region. The U.S. is sending more money and agents to the area, while some Mexicans feel the problems starts and end in the U.S., where most of the drug users are based and where the weapons come from.
We'll also go live to Jerusalem for the latest on the new coalition government and cover all the rest of the day's top stories.
Oh and our show wouldn't be complete today without an item on Spandau Ballet's reunion tour. I've had "True" stuck in my head all morning. To be truthful, I've been singing "This muuuch is true" all morning. My colleagues don't seem overly pleased.
See you on TV.
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