GM Said to Plan June 1 Bankruptcy as Debt Plan Gains www.bloomberg.com Japans Jobless Rate Rises to Highest in More Than Five Years www.bloomberg.com Pelosi appeals for China’s help on climate change www.google.com Obama targets Republican car dealerships www.newsmax.com White House to Sonia Sotomayor critics: Be ‘careful’ www.politico.com Roubini says US economy may dip again next year www.reuters.com US Inflation to Approach Zimbabwe Level, Faber Says bloomberg.com GM Bondholder Deal Still …

Jan. 30 (Bloomberg) — Stephen Roach, chairman of Morgan Stanley Asia Ltd., talks with Bloomberg’s Erik Schatzker and Carol Massar about the outlook for the US unemployment rate. Roach, speaking at the World Economic Forum in Davos, Switzerland, also discusses the state of the US and global economies, and President Barack Obama’s stimulus plan. (Source: Bloomberg)

Jobless Claims in US Decreased 12000 to 631000 www.detnews.com Day of reckoning looms for the US dollar www.financialpost.com UK May Lose AAA Rating at S&P as Government Debt Approaches 100% of GDP www.bloomberg.com US Senators press Obama on ‘risk’ for Israel “As we work closely with our democratic ally, Israel, we must take into account the risks it will face in any peace agreement,” www.google.com HP to cut another 6400 jobs www.bizjournals.com NY electronics company eliminates 240 jobs …

US Initial Jobless Claims Rose 35000 to 626000 Last Week, US Unit Labor Costs Up to 0.7% from Fourth Quarter of 2007, US Jobless Claims Compare with 580000 Median Forecast, Initial Claims in Prior Week at 591000 Revised from 588000, US Total

Analysis and Discussion with James O’Sullivan of UBS Securities (Starting Bell)