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Morning Business Outlook: 1/14/13

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  • Description

    Tax increase shrinks American pay checks

  • Duration 1:32
  • Date

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In morning paychecks wrong already some 134 million Americans feeling painted -- two percentage point increase in -- -- security tax.

That's expected to drum up a 125 billion dollars in revenue for the government this year but it's likely.

Eating away your disposable income your trips to the movies and restaurants the brands of diet foods store.

-- sector -- the increase means the average family of four making 64293.

Dollars a year we'll have.

1286.

Dollars less to spend this year.

Watch apple shares today I Japanese newspaper reports that apple has -- sharp and Japan display to LCD panel makers for the iPhone 5.

To cut production of the screens by between forty and 80% this quarter and -- Wall Street Journal is reporting that apple has cut orders for other components as well.

This as chief rival Samsung gained market share.

Oil prices moving up toward 94 dollars a barrel on signs of an economic recovery in both the US and China gas prices following the national average back above three dollars thirty cents a gallon.

Rising after three straight months of declines.

Went on analysts say you do it refiners would passing on -- higher cost of crude for the next few weeks.

On Wall Street stocks were flat Friday that all three major averages ended higher for the past few weeks.

The S&P 500 still hampering its highest -- five years.

And that's business for more a lot of -- foxbusiness.com.

In New York on line community.

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