Dec. 23 - The U.S. Congress is finally expected to pass a payroll tax cut extension today, and AT&T wins regulatory approval to buy Qualcomm.
There's your morning called this Friday. Congress is finally expected to pass up and -- tax cut extension today. The leader of the house Republicans John Boehner gave into pressure from his party and Democrats to support a -- month extension on the measure. Two parties are expected to discuss expanding that tax cut for all of twenty while. In January Boehner acknowledged that -- in the short term extension was not the politically smartest thing to do. But that is now house Republicans in his words has waged a good. -- -- -- hedge funds star who made billions betting on housing market bust is lacking a big losses on his -- that the US economy would recover. John -- misery has crept into a holiday season. -- advantage plus months and another 9% in December bringing that funds lost so far this year to about 52%. This flagship advantage fund declined another 6% for a 36%. Year to date loss. Just put that in context by contrast the average hedge fund declined one point 4% through November. Paulson is bad debts include Bank of America Hewlett-Packard and Sino forest a spokesman for Austin Co. would not comment. Regulators are giving a thumbs up hit -- -- and -- and no it has nothing to do with the withdrawn plan by Timo. The Telecom giant won approval to buy wireless spectrum from Qualcomm. For more than one point nine billion dollars the -- will boost its four G network. That's you know boost the quality of its iPhone service which has long been criticized. Orders for durable goods in November are expected to reverse a loss experienced in October. Thomson Reuters IFR markets is looking for a gain of one point 5%. Below the 10% consensus estimate when the report comes out at 830 -- farce as a jump in Boeing orders should help the results. Data on new home sales and personal income all of them today. And a new poll out from Gallup international reveals the most pessimistic country in terms of economic outlook. The United States finished in the middle of the pack so who came in first. Well it wasn't easy yet despite the violence and turmoil there. And no not Ireland either with this economic troubles bailout that country finished second. The winner or shall we say a loser in this case. -- The storm negative 78. Up twenty points from last year and the lowest poll has reported since 1978. -- Taken anti depressant. Oh well. That's your warning call this Friday I'm Fred Katayama this is -- in --