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THE FED, THE ECONOMY & YOU: As the Fed juggles the overall economy and works to keep inflation in check, the world market anxiously awaits the Fed's decision on interest rates. Will the FOMC cut interest rates? If so, will it be the last of the cuts? Hampton Pearson breaks the decision live and Steve Liesman provides full analysis.
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GM EARNINGS: General Motors just announced a large cut in production for its pickup trucks and SUVs as the automaker's sales are slipping, resulting in 3500 layoffs in North America. Is this an indication that earnings will be gloomy too? Phil LeBeau speaks with CEO Rick Wagoner live before the bell, after the earnings are released.
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TIME WARNER EARNINGS: The world's largest media company reports before the bell Wednesday as shareholders urge the company to split off the cable unit with the stock price continuing to fall. CEO Jeff Bewkes has said he will examine the holding to evaluate whether or not to spin-off the ailing unit. Julia Boorstin wraps up the earnings and outlook for Time Warner.
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ROCKEFELLER FAMILY'S UNREST WITH EXXON: The Rockefeller Family, the longest continuous shareholders of Exxon Mobil, will announce Wednesday that a majority of the family is now so concerned about the direction of the company, that it is urging management to separate the role of chairman of the board and CEO as well as expand the leadership role of the oil company's board of directors. The annual meeting is less than a month away and there are currently 16 proposals on the table. Mary Thompson reports.
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HOMEBUILDERS CRAWL BACK TO THE HILL: After their much-publicized halt in Congressional donations, the homebuilders are back on the Hill, lobbying away. Turns out making enemies with Congress isn't good for the agenda. Diana Olick catches up with them.
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