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Jul 22, 2011
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similar to what we're seeing happening in europe. but definitely a bigger reaction than the one we've seen in europe so far. banking stocks really pushing to the upside. among them hsbc and standard chartered putting on a very good showing. china's biggest bank is expected to post a profit exceeding $31 million this year. they made that prediction on thursday. he also said the bank should deliver earnings growth of at least 21% for 2011. he said the bank's business is booming thanks to its diverse revenue sources and surging economic grouchlkt his projection is pretty much in line with expectations. icbc's shares closed 2.1% higher. >>> on wall street they had plenty to digest. alison kosik has the latest. >> the across-the-board gains came iowa after a big headline. it helped offset lackluster read on the jobs front and that deal on the greek debt crisis provided a spark as well. at the close, the dow surged 152 points to and at 12,724. the sixth triple-digit gain in three weeks. 29 of of the 30 companies ended higher. the nasdaq an
similar to what we're seeing happening in europe. but definitely a bigger reaction than the one we've seen in europe so far. banking stocks really pushing to the upside. among them hsbc and standard chartered putting on a very good showing. china's biggest bank is expected to post a profit exceeding $31 million this year. they made that prediction on thursday. he also said the bank should deliver earnings growth of at least 21% for 2011. he said the bank's business is booming thanks to its...
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Jul 12, 2011
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europe smi off by 2.6%. london ftse off by 1% and a lot of selling of the euro and to a lesser extent of the pound on the currency markets with people fleeing to the yen and the dollar as safe havens, pauline. >> quite a dismal picture so far. let's switch topics and talk about tech news. apple has accuse htc of violating patents. they've filed a complaint with the trade commission. htc says apple should stick to competing in the marketplace instead of in the courts. the u.s. commission has the power to block imports of htc phones. >>> in myspace the troubled social network fell to third place in terms of unique u.s. visitors, behind facebook and the professional networking site linkedin. >>> comscores says myspace had 33.9 million unique visitors in june, almost half of its traffic a year earlier. >>> the first ereader to sync with google's ebook library goes on sale this sunday. target announced it will be the exclusive seller of the iriver story hd which provides direct access to google's 3 million ebooks
europe smi off by 2.6%. london ftse off by 1% and a lot of selling of the euro and to a lesser extent of the pound on the currency markets with people fleeing to the yen and the dollar as safe havens, pauline. >> quite a dismal picture so far. let's switch topics and talk about tech news. apple has accuse htc of violating patents. they've filed a complaint with the trade commission. htc says apple should stick to competing in the marketplace instead of in the courts. the u.s. commission...
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Jul 13, 2011
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where in europe are you talking about, jen? >> talking about western europe, pauline. more storms will be popping up once again today. that includes parts of france as well as over towards germany. looking at the radar right now. things are quieted down over the last hour. you can still see some storms firing up down towards southern parts of france and moving into areas including northern italy right along the alps. what's going to happen later today? we'll start to see more of that sunshine out there. that's going to energize the atmosphere. we'll see potential for storms to produce gusty winds as well as heavy rainfall. we're talking about even the possibility of large hail. anywhere you see the orange, this is going to be the worst area. in the yellow, southern parts of sweden, will be dealing with the severe weather threat as we go through wednesday as well as through thursday. that's also potentially going to be a problem for the world cup that's going to be happening later on today. some of the play-off games that are going to be happening for the women's cup la
where in europe are you talking about, jen? >> talking about western europe, pauline. more storms will be popping up once again today. that includes parts of france as well as over towards germany. looking at the radar right now. things are quieted down over the last hour. you can still see some storms firing up down towards southern parts of france and moving into areas including northern italy right along the alps. what's going to happen later today? we'll start to see more of that...
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Jul 11, 2011
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banks, be i the way, are the losers across europe. we'll look at the land stock exchange right now and we are seeing losses of about 2/3 of 1%, more than 2/3 of 1% with the big banks as they are across europe heading the loser boards. pauline. >> well, charles, we've also seen a lot of red here in asia, in fact, more red than green. the hong kong hang seng and the australian benchmark shed over 1.5%. concerning the carbon tax we heard about earlier, rio tinto calling it an unfair tax on exporters and also saying consumers will eventually have to bear the burden of higher costs. exporters have struggled in japan as the yen strengthened. in shanghai it climbed 0.2%. it seems like they shook off the high inflation numbers from over the weekend. >> yeah. let's see how much other bad news is going to be shaken a off, pauline, because right now the major stock markets in the united states look set for a lower open when the trading week gets under way. this week is the beginning of second quarter. so alcoa will kick things off. they will do
banks, be i the way, are the losers across europe. we'll look at the land stock exchange right now and we are seeing losses of about 2/3 of 1%, more than 2/3 of 1% with the big banks as they are across europe heading the loser boards. pauline. >> well, charles, we've also seen a lot of red here in asia, in fact, more red than green. the hong kong hang seng and the australian benchmark shed over 1.5%. concerning the carbon tax we heard about earlier, rio tinto calling it an unfair tax on...
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Jul 19, 2011
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in central europe and 2:30 p.m. in you' are if you're in london. >>> at the markets within the past hour and a half of trading as you can see a number of the markets still managing to hold onto early morning gains, recovering somewhat after yesterday's losing session of course, still many investors, louise coopers from bgc partners telling us no less than ten minutes ago many an investor firmly has their eye fixed on the debt situation going on at the united states and also here in europe. >>> in the u.s. meanwhile futures are still pointing higher in premarket trading. investors will have plenty of corporate news to keep them busy. trading starts on, when the trading starts this tuesday, coca-cola, john john&johnson and bank of america are reporting before the bell and goldman sachs is another one we'll be looking out for. apple will open its books after the close of trade. it's going to be a big one for earnings and that is about it, though, from us. this edition of "world business today" for now. >> good-bye for
in central europe and 2:30 p.m. in you' are if you're in london. >>> at the markets within the past hour and a half of trading as you can see a number of the markets still managing to hold onto early morning gains, recovering somewhat after yesterday's losing session of course, still many investors, louise coopers from bgc partners telling us no less than ten minutes ago many an investor firmly has their eye fixed on the debt situation going on at the united states and also here in...
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Jul 25, 2011
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europe the big story. this trough across the west, big ridge across the east and that means a heat wave for moscow. temperatures here are going to be in the mid-30s, and in the middle we're going to be talking large hail, strong winds and heavy rain as the thunderstorms continue to intensify. manisha? >> ivan, thank you very much. keeping us ahead of the weather systems. much appreciated. >>> now, the debt uncertainty in the united states is sending shudders through markets around the world. that's just ahead. >>> from cnn london, i'm charles hodson. >> and i'm manisha tank at cnn hong kong. a warm welcome back to "world business today." >>> well, let's check in on european stock markets now. about one and half hours in to trading, and here's how things are looking. the -- a lot of negative factors here, disappoints results from ryanair. we're seeing the continued stale mates in washington and a downgrading of greek debt by moody's. three notches from ca to ca-1. look at the numbers off by -- sorry. i gues
europe the big story. this trough across the west, big ridge across the east and that means a heat wave for moscow. temperatures here are going to be in the mid-30s, and in the middle we're going to be talking large hail, strong winds and heavy rain as the thunderstorms continue to intensify. manisha? >> ivan, thank you very much. keeping us ahead of the weather systems. much appreciated. >>> now, the debt uncertainty in the united states is sending shudders through markets...
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Jul 21, 2011
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one in western europe. but the one towards eastern europe will be firing up the activity later in the day. you look at the radar right now. blue and red being reflected in areas of germany and poland. this means another cool as well as rainy day for parts of western europe. it's really going to be the east that we're watching for areas, including romania, bulgaria, anywhere near the black sea. approaching the cold front of the moisture coming through. we're looking for potential of the storms to fire up gusty winds. can't rule out the chance for an isolated tornado or two. and very heavy rainfall. that's going to spread toward areas of portland, lithuania. this will last as we go through the morning hours. as we look across parts of the u.s., things are nice and quiet on the radar. i point this out to you because we're talking about space shuttle "atlantis." it will be landing in an hour. 5:56 eastern time. things have been nice and quiet. as we go through the next hour, what we're expecting is the weather
one in western europe. but the one towards eastern europe will be firing up the activity later in the day. you look at the radar right now. blue and red being reflected in areas of germany and poland. this means another cool as well as rainy day for parts of western europe. it's really going to be the east that we're watching for areas, including romania, bulgaria, anywhere near the black sea. approaching the cold front of the moisture coming through. we're looking for potential of the storms...
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Jul 29, 2011
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meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the u.s. not having a deal so far?
meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the...
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Jul 31, 2011
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particularly in europe but in the western world in general. if you look at the percentage of gdp that government took up in a place like france in 1950, it was 30%, it's now 55% roughly. the share of government to gdp has grown so much in western countries as they have been more generous with the welfare states and they are wonderful social policies. is there a problem here that ultimately you can simply cannot grow at the rates that perhaps what were historically true if you have this larger role for government? >> well, there are things that used not to be expected which are expected today, whether you look at social security, pension entitlements, expectations from the health system and so on and so forth. all of that has a cost. the real question is, is it well spent when it's under the management of the state or the local authorities in the state or in the localities is at issue. there's clearly a need for those public authorities to you know, not only stick to the knitting but also use public money wisely and efficiently. >> you -- the i
particularly in europe but in the western world in general. if you look at the percentage of gdp that government took up in a place like france in 1950, it was 30%, it's now 55% roughly. the share of government to gdp has grown so much in western countries as they have been more generous with the welfare states and they are wonderful social policies. is there a problem here that ultimately you can simply cannot grow at the rates that perhaps what were historically true if you have this larger...
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Jul 29, 2011
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the gas is being discovered in europe. syria, libya and so on need the gas and europe needs the gas. not to rely so much on russian gas. >> let's take look at some of figures behind us. according to some of the most recent data, the u.s. sits on 25%. iran has the second largest reserves just after russia. that counts for at least 16% of the world's tote achlt you know the story here. iran has been almost a pariah in the energies business. the majors can't touch it because of the sanctions that are in place, european majors stay out of it. will this deal help break that stranglehold on the market? >> i think. so this is a good example for say that business principle should override political situations. political problems are short term. >> so let's see the details of this islamic pipeline that's being called. the length of the pipeline is expected to be more than 5,000 kilometers with a capacity of 110 cubic meters of gas a day. iraq says it needs 10 to 15 of gas. 15 to 20 and lebanon, 5 to 7 million until 2020. there's al
the gas is being discovered in europe. syria, libya and so on need the gas and europe needs the gas. not to rely so much on russian gas. >> let's take look at some of figures behind us. according to some of the most recent data, the u.s. sits on 25%. iran has the second largest reserves just after russia. that counts for at least 16% of the world's tote achlt you know the story here. iran has been almost a pariah in the energies business. the majors can't touch it because of the sanctions...
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Jul 15, 2011
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i think this is a real crisis for the euro and europe as to how this is handled. and i don't think that what's called a technical default should upset europe, but you have to be prepared to deal with this with very i think consistent and forceful being as by the leadership. >> people say there's not a lot of leadership in europe. >> that's the real question. will the leadership rise to this challenge. because i think it is a very real challenge and if they don't, even a minor default becomes very disturbing. >> that he another former u.s. fed chairman paul volcker speaking with our jim bolden saying that there's a very real possibility that one of the euro zone countries could default and he was also quite critical of the credit ratings agencies, as well. let's bring nina back in. she's been live in rome all week. and nina, i'm curious to get your take on what the average italian is saying on the street. you've been there in rome for about four days this week, popping in and out of stores and talking with taxi cab drivers and cafes. what are people saying about th
i think this is a real crisis for the euro and europe as to how this is handled. and i don't think that what's called a technical default should upset europe, but you have to be prepared to deal with this with very i think consistent and forceful being as by the leadership. >> people say there's not a lot of leadership in europe. >> that's the real question. will the leadership rise to this challenge. because i think it is a very real challenge and if they don't, even a minor...
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Jul 18, 2011
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in europe stock marketed all in the red given those ongoing debt fears in u.s. and europe. one bright spot, gold is going the other way, hitting a record high. >> continued concerns about debt in europe and u.s. having this effect on gold. this is another big week for wall street, independent of these debt ceiling concerns. >> that's right. america ace biggest, most influential companies are handing in their report cards this week. investors expect this will be a crucial moment for the market given the concerns about the u.s. economy. but we should keep in mind historically speaking, second quarter earnings are usually the weakest of the year. today, got to look out for big names. halliburton. ibm. hasbro. which makes toys related to big summer movies like transformers and thor. have you seen nerf thor hammers? >> by the way, let's talk about moneymakers at the box office. this doesn't end. harry potter, we knew it was going to do well, it did particularly well. the finale, they say, scoring the best opening weekend ever. a record $168.6 million here in the u.s. $476 millio
in europe stock marketed all in the red given those ongoing debt fears in u.s. and europe. one bright spot, gold is going the other way, hitting a record high. >> continued concerns about debt in europe and u.s. having this effect on gold. this is another big week for wall street, independent of these debt ceiling concerns. >> that's right. america ace biggest, most influential companies are handing in their report cards this week. investors expect this will be a crucial moment for...
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Jul 14, 2011
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while in europe, nina, the focus on europe and trying to push the austerity package through. >> it's true. a lot of people are in denial about whether or not we'll see countries like italy default. nevertheless, europe is fighting its own crisis, debt crisis, on numerous fronts. as investors seek a safe haven for their money. the failure of some of these european leaders to so far agree on a bailout package for greece, that led fitch to downgrade to ccc, the lowest you'll see anywhere. the euro zone leaders held an emergency meeting on friday. that meetings seems to have slipped and may have been put in the cards for next week. i'm in rome at the moment. the government on the other side of town, towards my right, will soon begin debating -- will be hold be a $7 billion bid auction. later on today it will be debating a 79 billion euro austerity package, crucial to this country. as the senate begins that debate, this country's own debt stands at no less than $2.6 trillion. that really gives you an idea of the magnitude of the kind of scale of what we're talking about here. there's a lo
while in europe, nina, the focus on europe and trying to push the austerity package through. >> it's true. a lot of people are in denial about whether or not we'll see countries like italy default. nevertheless, europe is fighting its own crisis, debt crisis, on numerous fronts. as investors seek a safe haven for their money. the failure of some of these european leaders to so far agree on a bailout package for greece, that led fitch to downgrade to ccc, the lowest you'll see anywhere....
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Jul 6, 2011
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here in europe we had a down beat start to the day. european stock markets have been open for slightly more than an hour at the moment, and as you can see, most of them firmly stuck in the red at the moment. >>> and let's have a look at the currencies because on the currencies front the euro is down by three-tenths of one u.s. dollar. a little under 81 as you can see at the moment. 80.80 is where we stand. in asia it was a mixed day on the stock markets. in tokyo the nikkie closed up 1.10%. not only did the index hit the highest level since the earthquake on march the 11th, but today's gains gave the nikkei the longest winning streak for two years. it was a different story for hang seng and the shanghai co composite index. they sold $3.6 million worth of holdings in chinese banks. this came just after a warn of a downgrade in the sector. elsewhere as you can see at the bottom of the chart, we did see the asx 200 in sidney inches up one-sixth of a percent. >>> on wall street it was a slow start after a three-day holiday weekend with a l
here in europe we had a down beat start to the day. european stock markets have been open for slightly more than an hour at the moment, and as you can see, most of them firmly stuck in the red at the moment. >>> and let's have a look at the currencies because on the currencies front the euro is down by three-tenths of one u.s. dollar. a little under 81 as you can see at the moment. 80.80 is where we stand. in asia it was a mixed day on the stock markets. in tokyo the nikkie closed up...
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Jul 18, 2011
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and europe very much playing on the minds of traders. probably a good reason why the stocks vntd gone anywhere. similar story right across the board. in sydney we have the fractional drop. one stock stood out there. that was, of course, new corp. down 7% but ending the session some 4%, a stock that is getting hammered. and it will be a close one we'll be watching when we pick up trade in the u.s. >>> but otherwise, interesting news on the property side, which sauls a big deal for investors in asia. a new study showing that in beijing and shanghai, prices still moving up some 2% last month. so this is an area still hottet in this region, but we're always looking for signs for just how hot this regional economy is, especially when we take so many of our cues from what's happening in the u.s. and we try to play off one against the other. it's looking interesting right now but a lot of news abroad that we need to keep a check on. nina. >> speaking of the u.s., manisha, in the meantime president barack obama has surprised many people with his
and europe very much playing on the minds of traders. probably a good reason why the stocks vntd gone anywhere. similar story right across the board. in sydney we have the fractional drop. one stock stood out there. that was, of course, new corp. down 7% but ending the session some 4%, a stock that is getting hammered. and it will be a close one we'll be watching when we pick up trade in the u.s. >>> but otherwise, interesting news on the property side, which sauls a big deal for...
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Jul 5, 2011
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let's go to the markets here in europe. they're gaining some ground here, about 90 minutes into the trading session. markets on the other hand, in asia, mostly lower. here in europe, it's a mixed picture. the only market that's down at the moment is the cac 40. there's a reason for that. the large french retailer and supermarket company, its shares are tanking to the tune of 10%, amid concerns about a deal in brazil that was pivotal to the growth of the economy, analysts said. in the meantime, we have the fat ftse pushing higher, up by 18%. and it's a similar for the dax at the moment. let's look how asia fared. it couldn't shake off the uncertainty we've seen, leading to some of the albeit modest losses today. we've seen losses around the asia-pacific region. mainly, from china's central bank, signaling a possibility. also, australian's central bank, after it decided to keep interest rates on hold as expected. it did lower its growth outlook for the economy. the s&p asx 200, down. nikkei up. but only slightly. the shanghai
let's go to the markets here in europe. they're gaining some ground here, about 90 minutes into the trading session. markets on the other hand, in asia, mostly lower. here in europe, it's a mixed picture. the only market that's down at the moment is the cac 40. there's a reason for that. the large french retailer and supermarket company, its shares are tanking to the tune of 10%, amid concerns about a deal in brazil that was pivotal to the growth of the economy, analysts said. in the meantime,...
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Jul 1, 2011
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in europe we've got two up, two down, as you can see. we've got currently the s&p 500 poised to open in negative trading whether it starts trading later on today. >>> starting today a free trade agreement between south korea and the european union will begin to eliminate almost all tariffs between the trading partners. the move is expected to generate tens of billions of dollars of new business and could see american company lose market share in south korea as the u.s. lags behind in striking its own free trade deal then. cnn's paula hancocks is live with what this means for consumers and the economy over there. hi, paula. one thing i was really interested to find out, when doing research on this, is that the e.u. is south korea's second biggest trading partner after china. this deal could be really important for it, couldn't it? >> reporter: absolutely. this deal here in south korea is being hailed as the best deal, the biggest deal that's ever been done, and politicians and economists alike want this to be the model if you like for any
in europe we've got two up, two down, as you can see. we've got currently the s&p 500 poised to open in negative trading whether it starts trading later on today. >>> starting today a free trade agreement between south korea and the european union will begin to eliminate almost all tariffs between the trading partners. the move is expected to generate tens of billions of dollars of new business and could see american company lose market share in south korea as the u.s. lags behind...
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Jul 2, 2011
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the libyan leader is vowing homes across europe could be potential targets. the u.s. takes gadhafi's threats seriously and will continue to support gadhafi's mission in libya. >>> a violent mexican drug cartel plans to target americans for robbery, extortion and carjackings. nuevo laredo is just across the border from laredo, texas. >>> prince albert of monaco is celebrating his marriage today to charlene woodstock of south africa. >>> because of dry conditions many states are going fireworks free, wow, this holiday. meteorologist karen maginess here to tell us all about it. >> all about about 12 counties in the state of texas are reporting fire bans. in west texas, they desperately need the rainfall there, already in the state of texas, 3.2 million acres have burned. we have heard about the fire right around los alamos, they are saying this is priority one fire in the country. and we have seen this already burn 177 miles square across the region. but not just fires there, but also into arizona, right along the arizona-new mexico border. but look at these temperatures
the libyan leader is vowing homes across europe could be potential targets. the u.s. takes gadhafi's threats seriously and will continue to support gadhafi's mission in libya. >>> a violent mexican drug cartel plans to target americans for robbery, extortion and carjackings. nuevo laredo is just across the border from laredo, texas. >>> prince albert of monaco is celebrating his marriage today to charlene woodstock of south africa. >>> because of dry conditions many...
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Jul 7, 2011
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and a positive start to today's trading in europe. >> absolutely right. we're seeing markets hanging out a little bit. we've got a couple of interest rate decisions. so, we are higher as of -- well, as of right now, as you can see. but only by about barely at all. interest rate decisions, european central bank, it's widely expected that the ecb president will raise interest rates for the second time in three months. with euro inflation expected to rise 25 basis points. 0.25%. that would take the lending to 1.5%. >> interest rates in asia as well. a mixed day after the markets, after china announced late yesterday, that hong kong and shanghai, moving in different directions. one thing analysts agree on this is likely to be the final interest rate rise in the current cycle in china. it's the third one this year. most say it's the last. inflation is expected to peak. we're seeing slower economic activity as a result of the rates to tackle inflation. in the other markets in japan, the nikkei ending a seven-day rally. it edged down by a couple of points. down
and a positive start to today's trading in europe. >> absolutely right. we're seeing markets hanging out a little bit. we've got a couple of interest rate decisions. so, we are higher as of -- well, as of right now, as you can see. but only by about barely at all. interest rate decisions, european central bank, it's widely expected that the ecb president will raise interest rates for the second time in three months. with euro inflation expected to rise 25 basis points. 0.25%. that would...
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Jul 20, 2011
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you can see more sweeping into western parts of france as well as central europe. you can see it spinning right on top of switzerland. it's going to be a gray day. it's going to be a cool day. the same for parts of england as well. really we'll see the most activity with thunderstorms happening up through central europe. this is going to go all the way through the afternoon as well as into the evening. some of these storms are going to be quite strong. we'll see, of course, some thunder and we'll hear thunder and dealing with the possibility of some hail. potentially you could be dealing with delays if you're going to be traveling. as nina said, cool outside. look at the temperature, 16 degrees in brussels, 12 in milan. over towards the east we're talking about for belgrade as well as istanbul, temperatures in the 20s and 30s. as we look at tropical storm mayon, the winds continue to come down, at 102 kilometers. says take you over to our graphic, i want to show you on our radar, things are really starting to improve. you can see we're dealing with scattered shower
you can see more sweeping into western parts of france as well as central europe. you can see it spinning right on top of switzerland. it's going to be a gray day. it's going to be a cool day. the same for parts of england as well. really we'll see the most activity with thunderstorms happening up through central europe. this is going to go all the way through the afternoon as well as into the evening. some of these storms are going to be quite strong. we'll see, of course, some thunder and...
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Jul 10, 2011
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we're discovering that this is not the case, europe might not be in the sense of history, that europe might destroy itself as much as build itself. we are discovering that it is afraid and fragile project. it does not mean it's in the process of being broken, but it means that if we don't act quickly and strongly probably we will go back 50 years and backwards. it would be very bad for the free world, including, of course, america. >> chrystia, you understand the finances better than most. i understand the politics. the math doesn't add up at some level. greece simply cannot pay back its loans. what's going to happen? >> i think part of the problem is you have had the nationalization of the mistakes of french and german banks. >> who loaned greeks money? >> who made a huge mistake in lending the greek government money, but now you're having that debt being backstopped. the problem is greece is a small country. the reason the markets keep rejecting the solution, even if the solution works, the result is the economy getting weaker and weaker. >> do you think the greeks are correct to ri
we're discovering that this is not the case, europe might not be in the sense of history, that europe might destroy itself as much as build itself. we are discovering that it is afraid and fragile project. it does not mean it's in the process of being broken, but it means that if we don't act quickly and strongly probably we will go back 50 years and backwards. it would be very bad for the free world, including, of course, america. >> chrystia, you understand the finances better than...
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Jul 31, 2011
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-- particularly in europe but in the western world in general. if you look at the percentage of gdp that the government took up in a place like france in 1950, it was 30%. it's now 55% roughly. the share of government to gdp has grown so much in western countries as they have become more generous with their welfare states. these are wonderful social policies, but is there a problem here that ultimately you simply cannot grow at the rates that perhaps were historically true if u i don't have this large a role for government? >> well, there are things that used not to be expected which are expected today. whether you look at social security, pension entitlements, expectations from the health system, and so on and so forth. all of that has a cost. the real question is, is it well-spent when it's under the management of the stated, of the local authorities, in the states or in the loekalities is at issue. there is clearly a need for those public authorities to not only stick to their knitting, but use public money wisely and efficiently. >> the imf h
-- particularly in europe but in the western world in general. if you look at the percentage of gdp that the government took up in a place like france in 1950, it was 30%. it's now 55% roughly. the share of government to gdp has grown so much in western countries as they have become more generous with their welfare states. these are wonderful social policies, but is there a problem here that ultimately you simply cannot grow at the rates that perhaps were historically true if u i don't have...
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Jul 14, 2011
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>> well, let's just look at how the markets are trading in europe. looking at the stock prices here, on my ipad, the downward trend goes on. it's all red a arrows. debt troubles, they're on both sides of the atlantic. people are fixated with what's happening in the u.s. and also in europe. for example, italy, later today, it's making way for
>> well, let's just look at how the markets are trading in europe. looking at the stock prices here, on my ipad, the downward trend goes on. it's all red a arrows. debt troubles, they're on both sides of the atlantic. people are fixated with what's happening in the u.s. and also in europe. for example, italy, later today, it's making way for
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Jul 8, 2011
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does he have any capacity of sending attack marttiers into europe? >> john, any time they make a threat like this, you have to take it seriously. he sent people to kill servicemen in berlin and brutally brought down pan am 103 in 1988 so he's done this before but this threat things hollow to me. there aren't tens of thousands or hundreds of thousands of libyan citizens willing to go to europe. most want to overthrow him. it doesn't make sense what he's trying to accomplish. he wants to cut a deal, stay in power or exit gracefully without an indictment. if he does he will anger the governments to want to bring him down more aggressively. this one is gadhafi at his rhetorical worst and rings hollow to me. >> it begs the question does he want a negotiated deal or perhaps unstable? >> i haven't met him but always believed he's unable but nick is right. this is a guy having done these attacks -- these kind of things before. you've got to take it seriously. i do think now he said he wants to be a martyr. wants his blood on libyan soil but i think if they c
does he have any capacity of sending attack marttiers into europe? >> john, any time they make a threat like this, you have to take it seriously. he sent people to kill servicemen in berlin and brutally brought down pan am 103 in 1988 so he's done this before but this threat things hollow to me. there aren't tens of thousands or hundreds of thousands of libyan citizens willing to go to europe. most want to overthrow him. it doesn't make sense what he's trying to accomplish. he wants to...
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Jul 25, 2011
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from handing europe over to muslims. there is wide concern that there could be a potential pickup by right-wing copy cats. not necessarily here in norway, because he's spread information on the interpret and there is concern that other right-wing extremists could try to copy what he is doing. >> what could you tell us about the suspect's demeanor in court today? >> reporter: it's very difficult for us to say, because we just weren't allowed in there. and there was a huge expectation, a lot of pressure from the media and the public as well to go in but at the same time there was a facebook page signed by 60,000 people in norway who said they didn't want him to get another sort of public platform. he had already put his manifesto out online, 1500 pages. so really they were afraid it would just be a repeat of this vitriolic manifesto. ander bearing breivik is believed to have posted these to youtube embedded in a 1500 page manifesto just hours before he began his deadly killing spree with a massive car bombing outside gover
from handing europe over to muslims. there is wide concern that there could be a potential pickup by right-wing copy cats. not necessarily here in norway, because he's spread information on the interpret and there is concern that other right-wing extremists could try to copy what he is doing. >> what could you tell us about the suspect's demeanor in court today? >> reporter: it's very difficult for us to say, because we just weren't allowed in there. and there was a huge...
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Jul 24, 2011
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even though it sells for $89 in europe, it's a big hit. but the big question is, should you really be trying to encourage, you know, your child at such an early age to know what it is to breast-feed a baby? >> well, i mean, if you have younger siblings, some children have seen this happen. i've seen kids mimic it with their baby dolls that they have. i think in the u.s. we're a little sensitive about some of these things. but a doll? i don't know. we'll see what happens. >> some folks are pretty fired up about it. some folks say, okay. all right. interesting. let's talk about a little dog now. because that one always gets people. >> i love this one. >> this one is really fun. this is a heroic little chihuahua. so these guys allegedly are robbing this convenience store. and, you know, they're breaking bad there. they've got their weapons. oh, but no. chihuahua breaks loose. >> look at the dog! >> the chihuahua starts biting. these rough and tumble dudes say, i'm out. >> yeah. they got a little bit of cash. apparently they could have gotten
even though it sells for $89 in europe, it's a big hit. but the big question is, should you really be trying to encourage, you know, your child at such an early age to know what it is to breast-feed a baby? >> well, i mean, if you have younger siblings, some children have seen this happen. i've seen kids mimic it with their baby dolls that they have. i think in the u.s. we're a little sensitive about some of these things. but a doll? i don't know. we'll see what happens. >> some...
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Jul 6, 2011
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they're wafing it happen in europe. we'll see what that means today. >> by tweeting about this show, somebody put a value on twitter. >> "wall street journal" reporting a new round of private financing for twitter and it values the company at some $7 billion. there was a previous round of financing that valued the company under $4 billion. so you can see a lot of investors, prooiftd investors trying to get their piece on this web mania. the journal, an interesting comment in the journal story shows one analyst saying, ali, that this is better for this company to find itself privately. it still has only about 500 employees. still unclear how the companies will make money. by tapping private financing, companies sort of finding itself with $7 billion. that gets the attention of a lot of people who want to make money off the new web social media enterprises. >> christine, i'll see you in about 25 minutes on "american morning." christine romans with your money this morning. and a tidbit of business news we like to throw you
they're wafing it happen in europe. we'll see what that means today. >> by tweeting about this show, somebody put a value on twitter. >> "wall street journal" reporting a new round of private financing for twitter and it values the company at some $7 billion. there was a previous round of financing that valued the company under $4 billion. so you can see a lot of investors, prooiftd investors trying to get their piece on this web mania. the journal, an interesting comment...
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Jul 19, 2011
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investors remain concerned about the debt ceiling talks in washington and the debt crisis in europe. markets close lower to start the week yesterday but u.s. stock futures are trading higher right now boosted by corporate earnings late yesterday and this morning bank of america, wells fargo, goldman sachs, all reporting second quarter earnings before the opening bell. apple and yahoo! will release their earnings after the closing bell this afternoon. >>> news corp ceo rupert murdoch and his son, james, will appear before parliament just hours from now. the company has lost $8 billion until market value since the news broke on july 5th. >>> investors rushing to gold for security amid global concerns of mounting debt in europe and the u.s. gold prices set a new record monday settling above $1,600 an ounce for the first time. >>> borders calling it quick. the bookstore chain could not secure a buyer in time to save it from bankruptcy. 1,600 people will lose their jobs. cisco announcing 6,500 job cuts from vice president levels or higher. the layoffs are part of the plan to streamline th
investors remain concerned about the debt ceiling talks in washington and the debt crisis in europe. markets close lower to start the week yesterday but u.s. stock futures are trading higher right now boosted by corporate earnings late yesterday and this morning bank of america, wells fargo, goldman sachs, all reporting second quarter earnings before the opening bell. apple and yahoo! will release their earnings after the closing bell this afternoon. >>> news corp ceo rupert murdoch...
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Jul 2, 2011
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libya's leader vows to move the battle to europe. moammar gadhafi vowed libya will retaliate for the bombing mission. >> translator: people of libya might exceed your houses and offices and families. all of them will be fair military targets. the same way you turned our house and offices and children, you turned them into military targets. we will treat you the same. eye for an eye. ear for an ear. a drop for a drop. a family for a family. a house for a house. a headquarter for a headquarter. if we decide to move to europe like locust and bees. >> u.s. secretary of state hillary clinton says gadhafi should put the interests of his people first and step down from power. >>> return to michigan for a landmark decision. a ban on affirmative action has been overturned. in 2006, voters approved an amendment to the state constitution to ban affirmative action in college admissions and hiring. in a 2-1 decision this week, a federal appeals court struck that down. michigan's attorney general says he will appeal that court ruling. >>> also in
libya's leader vows to move the battle to europe. moammar gadhafi vowed libya will retaliate for the bombing mission. >> translator: people of libya might exceed your houses and offices and families. all of them will be fair military targets. the same way you turned our house and offices and children, you turned them into military targets. we will treat you the same. eye for an eye. ear for an ear. a drop for a drop. a family for a family. a house for a house. a headquarter for a...
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Jul 12, 2011
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things are changing on an hourly basis between europe and u.s. debt negotiations. >> we have this deadline looming, august 2nd. if the stalemate continues for the next couple of weeks, what do we do? >> i think you got a week to ten days before you need to start worrying. i would say if we are ten days from now and we don't have a deal, what you'll start to see is people taking their money out of stocks and putting them into what we to be more secure investments and that is cash or gold or comomodities. most people are playing the next week. treasury secretary geithner and president obama and eight congressional leaders in these negotiations are all sort of saying it's in everybody's interest to get a deal. if you see somebody breaking away or not getting one you might want to look at your investments and make sure you're not too overly exposed to a volatile stock market. >> got it. ali, appreciate. >>> president obama is pushed back from members of his own party from offering negotiations in the debt negotiations. let's talk who is the most angr
things are changing on an hourly basis between europe and u.s. debt negotiations. >> we have this deadline looming, august 2nd. if the stalemate continues for the next couple of weeks, what do we do? >> i think you got a week to ten days before you need to start worrying. i would say if we are ten days from now and we don't have a deal, what you'll start to see is people taking their money out of stocks and putting them into what we to be more secure investments and that is cash or...
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Jul 7, 2011
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markets in europe are off to a bright start. and on your side of the world, the dow, naz dick and s&p are higher in pre-market trade right now. >> the controversy, the scandal that is surrounding one of rupert murdock's newspapers is starting to affect the business there. tell us what this is about. >> that's right, a phone hiking scandal is punishing news corp. the company's shares dropped 3.6 wednesday. it's been investigated for allegingly hacking in to the phones of celebrities and politicians, a missing teenaged girl who was found dead. so the scandal is hitting its bottom line. ford won't be advertising on the tabloid. murdock has condemned the alleged phone hacking and he's vowed to cooperate with the investigation. >> it's a strange situation. they were allegedly were check
markets in europe are off to a bright start. and on your side of the world, the dow, naz dick and s&p are higher in pre-market trade right now. >> the controversy, the scandal that is surrounding one of rupert murdock's newspapers is starting to affect the business there. tell us what this is about. >> that's right, a phone hiking scandal is punishing news corp. the company's shares dropped 3.6 wednesday. it's been investigated for allegingly hacking in to the phones of...
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Jul 21, 2011
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a few years ago in europe, in the '90s in chicago, heat is the deadliest form of fatality. take care of yourself and do what you need to do to stay cool. we'll talk more about this. >> what's the weather doing for flight delays, for viewers who are traveling this morning? >> so far, so good. we'll have pop-up thunderstorms in spots. for those folks there will be cooling, but if you're traveling, you know, airplanes have to fly around those. that will add time in various spots especially across the eastern 2/3 of the country. >> and in this weather, some of those are unpredictable. we'll check in through the course of the morning. rob marciano in the weather center. >>> the debt ceiling deadline is closing in, and there's no deal even though the president said he wanted something worked out pie tomorrow, giving it enough time to get through congress by august 2, the day at which we don't have money to pay all our bills. that's had the federal government starts -- that's when the federal government starts defaulting on its obligation. the white house is opening the door to an
a few years ago in europe, in the '90s in chicago, heat is the deadliest form of fatality. take care of yourself and do what you need to do to stay cool. we'll talk more about this. >> what's the weather doing for flight delays, for viewers who are traveling this morning? >> so far, so good. we'll have pop-up thunderstorms in spots. for those folks there will be cooling, but if you're traveling, you know, airplanes have to fly around those. that will add time in various spots...
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Jul 1, 2011
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a day of anger, as he called it, and certainly as he said, he made a direct threat towards europe. he said because of the nato campaign here, that nato says is bombing targets to protect civilians, he's saying that they're going to target houses and families in europe. that it's a fair military target. it will be an eye for an eye. he likened the response of the libyian people to a swarm of locusts. we're hearing from his only daughter. she did an interview with french television and one of her quotes, we are ready to alie ourselves with the devil of the rebel army. what do you make of what she's saying now? >> there hasn't been any proof of direct talks with the rebels. devils, as she put it. not the best way to call the side of the conflict devils. so much rhetoric between these two sides. and people day i dying, it would be very difficult for them to sit down at a table right now. she said gadhafi is in his place, she called him a figure head and the rebels are saying the complete opposite, that he has to leave power, leave any kind of office if they're going to talk. >> next, a
a day of anger, as he called it, and certainly as he said, he made a direct threat towards europe. he said because of the nato campaign here, that nato says is bombing targets to protect civilians, he's saying that they're going to target houses and families in europe. that it's a fair military target. it will be an eye for an eye. he likened the response of the libyian people to a swarm of locusts. we're hearing from his only daughter. she did an interview with french television and one of her...
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Jul 12, 2011
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the third largest economy in europe. the dow sank more than 150 points yesterday and the nasdaq dropping more than 50. the s&p 500 also down 24 points. >>> treasure secretary tim geithner is scheduled to make opening remarks at a women in finance event, it's in d.c. this morning. he'll be speaking in a little over an hour. the jobs report stalls in the budget deficit talks and all topics investors will be watching in his comments that could move markets. >>> some of america's biggest companies reporting second quarter earnings. jp morgan chase, citigroup, google all report later this week. analysts at thompson reuters forecasting earnings for s&p 500 companies increased 7.5% from the same quarter last year. >>> news corp stock taking a big hit after stalls in its bid to buy satellite tv company british sky broadcasting. shares of news corp dropped sharply, more than 7.5%. support for the deal weakened after the news of the phone hacking scandal at some of news corps' publications began to wide joan 9% of adults in the u.
the third largest economy in europe. the dow sank more than 150 points yesterday and the nasdaq dropping more than 50. the s&p 500 also down 24 points. >>> treasure secretary tim geithner is scheduled to make opening remarks at a women in finance event, it's in d.c. this morning. he'll be speaking in a little over an hour. the jobs report stalls in the budget deficit talks and all topics investors will be watching in his comments that could move markets. >>> some of...
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Jul 25, 2011
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as german chancellor says if it fails europe fails. that's a tough one, richard. >> interesting philosophy, ali, with which i do not agree, as you might expect. this is what we're really talking about. which is mightier and can cause more trouble. the little euro or the great dollar. in my own view, probably because the dollar remains the world's reserve currency. the dollar is still the currency upon which so much depends elsewhere, whether it's in oil trading, commodities, or gold. the dollar still is the backbone of the credit market. so anything that happens to the dollar has to be of crucial importance. to be sure the euro is a weakling. but here we have two great institutions, the united states now and the eurozone. they are the largest in the world, one and two, depending on the definition. frankly, ali, we're both playing with fire. it doesn't matter which goes first. ultimately it's the devil in the deep blue sea where the risks are greatest. >> i'll agree with you on that. good point. all right, richard. let's see how much we
as german chancellor says if it fails europe fails. that's a tough one, richard. >> interesting philosophy, ali, with which i do not agree, as you might expect. this is what we're really talking about. which is mightier and can cause more trouble. the little euro or the great dollar. in my own view, probably because the dollar remains the world's reserve currency. the dollar is still the currency upon which so much depends elsewhere, whether it's in oil trading, commodities, or gold. the...
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Jul 27, 2011
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here in europe the markets have been open four 90 minutes. cac 40 down by the most by about 2/3 of 1%. when we looked it was down by 3/4 of 1%. generally a lot of these markets concerned about the u.s. debt debacle as it shifts ever closer towards a potential default, manisha. >> very similar story here, actually, nina. generally another down day in asian trading. taking a look at the numbers where you can see there what a mixed performance we've had emerge by the close of the session. the neca off by about half a percent. some of the key sectors moving are those that export particularly to the u.s. also the banking sector under pressure. that very much connected to concerns over that debt situation in the u.s. samsung, a good example of one of those exporters suffering a bit today, and suffering because the weakness of the u.s. dollar is at a strength. some of these other asian currencies, the yen in particular. over in south korea, sam stock, down 1.2%. we know this is a firm that has heavy exposure to global markets. shanghai edging up. in
here in europe the markets have been open four 90 minutes. cac 40 down by the most by about 2/3 of 1%. when we looked it was down by 3/4 of 1%. generally a lot of these markets concerned about the u.s. debt debacle as it shifts ever closer towards a potential default, manisha. >> very similar story here, actually, nina. generally another down day in asian trading. taking a look at the numbers where you can see there what a mixed performance we've had emerge by the close of the session....
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and one just posted, europe, there is more coming. many are concerned that if it's an islamic extremist group that carried out the attack, it's done because norway was a soft target. and they believe that they might have tried to hit norway, because they did not think that their security was really as strong as it could have been. >> do you have any details -- i know we don't know exactly who did this yet, but do you have details as to how they pulled it off? where were the bombs and the explosio explosions? how were they detonated? >> reporter: eyewitnesses say there are cars in front of the prime minister's office, and that led many officials to surmise they have not confirmed it 100% yet, that it could have been a car bomb. it's that that is leading people to believe that this could be quite a sophisticated operation that we have seen in the past to use and to control that much of an explosive. this is not an amateur operation carried out here in oslo. >> we're getting word from oslo police that seven have been killed and two serio
and one just posted, europe, there is more coming. many are concerned that if it's an islamic extremist group that carried out the attack, it's done because norway was a soft target. and they believe that they might have tried to hit norway, because they did not think that their security was really as strong as it could have been. >> do you have any details -- i know we don't know exactly who did this yet, but do you have details as to how they pulled it off? where were the bombs and the...
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Jul 25, 2011
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so he can have a platform to spread his views about muslims in europe and their domination in europe, politics and society. kyra? >> there was a moment of silence this morning for the victims, right? >> reporter: yeah, there was. it was at noon right here when it happened, everything shut down. trams running behind our cameraman there, stopped. it has been a somber few days. remembrance services and masses and the king and queen, prince, princess, all the political leaders have been out and about at these services. i was up near the lake where a hotel has been turned into a welfare center for the parents, survivors of the attack on the island up there. very somber here as you would expect. >> michael holmes, we'll keep talking this morning as we follow the story. the suspect in court. >>> less than 15 minutes from now, we'll actually hear from a man who confronted home-grown terrorism right here in the united states. he will share some of his hard-learned lessons from oklahoma city to the 1996 summer olympics. >>> washington, debt talks bogged down and the deadline pressure builds up.
so he can have a platform to spread his views about muslims in europe and their domination in europe, politics and society. kyra? >> there was a moment of silence this morning for the victims, right? >> reporter: yeah, there was. it was at noon right here when it happened, everything shut down. trams running behind our cameraman there, stopped. it has been a somber few days. remembrance services and masses and the king and queen, prince, princess, all the political leaders have been...
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Jul 3, 2011
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renewing alliances both in asia and in europe. engaging in positive or constructive relationships with purposeful work with great powers from a platform in which we can operate. developing relationships with emerging powers like india, brazil and others. and rebalancing our efforts in the world. which is an absolutely critical thing for to us pursue. >> explain what rebalancing means. >> we looked at where the united states footprint was, where the united states face to the world was when we came into office in january 2009 and we asked ourselves where are we underweighted, overweighted, where are we not putting real work into the future. we've been acting on those conclusions. we needed to finish our military work in iraq. we're on track to doing that. by 2011, to have 150,000 troops out of iraq by the end. we saw ourselves as needing more strategic attention and focus in counterterrorism. we did that against al qaeda and associated groups. we really considered ourselves, fareed, underweighted in asia. as we looked at the world,
renewing alliances both in asia and in europe. engaging in positive or constructive relationships with purposeful work with great powers from a platform in which we can operate. developing relationships with emerging powers like india, brazil and others. and rebalancing our efforts in the world. which is an absolutely critical thing for to us pursue. >> explain what rebalancing means. >> we looked at where the united states footprint was, where the united states face to the world...
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in europe, meanwhile, a positive start there, but we're going to have to see how markets hold up. markets have been trading for a touch over an hour now, and we're going to have much more on that a little bit later on the show. we'll keep getting updates every time we see those numbers, charles. >>> obviously still persisting over the debt ceiling issue deal or i should say the lack of such deal even though there is really little sign of any progress. the markets are are, as you say, shrugging it off. wall street looks as if it's looking for a higher open. on top of games. that is despite the clock ticking down slowly but surely to default deadline day. tuesday, august 2nd is the day the united states could run out of money. that's tuesday of next week, seven days from now. now, if the debt ceiling isn't raised above its current level of 14.3 trillion dollars. >> a few hours ago in a prime time television address, president barack obama urged congressional leaders to reach a deal. without a deal, the president said, the future will be bleak. >> we will not have enough money to pay
in europe, meanwhile, a positive start there, but we're going to have to see how markets hold up. markets have been trading for a touch over an hour now, and we're going to have much more on that a little bit later on the show. we'll keep getting updates every time we see those numbers, charles. >>> obviously still persisting over the debt ceiling issue deal or i should say the lack of such deal even though there is really little sign of any progress. the markets are are, as you say,...
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Jul 24, 2011
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this is an action plan of how he wants to eradicate europe of muslims. it's very far right ideology. he also talks about, for example, the sexual practices of his own family and friends, very conservative thinking on those fronts, and a lot about his background. you see pictures of him. you hear about how he plans to carry out the attacks, and he got himself a farm so he could buy fertilizer and how to go through the process of bomb-making without being detected, and the most chilling thing in the manifesto is his last entry, and he says i believe this will be my last entry, it's july 22, 12:31, and then hours later he detonated the blast in oslo. >> thank you. >>> the body of the grammy-award winning singer was found yesterday in her london apartment, and the song you may recognize most from her most may prove prophetic. amy winehouse was only 27 years old. the song "rehab," talking about not wanting to go to rehab, and apparently a lot of people are speculating her may have lost her well-documented battle with substance abuse. we head outside the singe
this is an action plan of how he wants to eradicate europe of muslims. it's very far right ideology. he also talks about, for example, the sexual practices of his own family and friends, very conservative thinking on those fronts, and a lot about his background. you see pictures of him. you hear about how he plans to carry out the attacks, and he got himself a farm so he could buy fertilizer and how to go through the process of bomb-making without being detected, and the most chilling thing in...
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Jul 3, 2011
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europe had the scarlet pimpernell. here they have superman. even nature and gravity couldn't keep them on the ground. they were invulnerable and could fly through the air and create worlds, anything that you could ever dream about. the new heroes were all invented here. so superheroes, movies, physically and literally invented right here. the cars you drive, you know, the telephone you talk about, even the night is no longer off limits. somebody invented light. americans. >> i came from africa, and africa, like my dad, i use him as an example. he walked through all his life without having a house to his name. but in america it totally is different. i came here to the united states about seven years ago. within seven years, i got two degrees. i got an undergrad degree and my mba. this is not something that happens so easily every other place. i'm a proud olympian. i have a paralyzed left leg. for the past several years i'm here i've been holding the u.s. record. now i can sit comfortably. and i'm the u.s. record holder in shot put and discus. i
europe had the scarlet pimpernell. here they have superman. even nature and gravity couldn't keep them on the ground. they were invulnerable and could fly through the air and create worlds, anything that you could ever dream about. the new heroes were all invented here. so superheroes, movies, physically and literally invented right here. the cars you drive, you know, the telephone you talk about, even the night is no longer off limits. somebody invented light. americans. >> i came from...
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Jul 29, 2011
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meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the u.s. not having a deal so far? >> let's look a at the political reaction out of china, the largest foreign holder. chinese leaders, the they're not just worried. they're angry. stephen roach, of morgan stanley, he's been telling cnn that chinese leaders are appalled and that they think that america's behavior could create havoc in the global economy. meanwhile the news agency shing wa released a statement says, quote, the well being of many other countries is also in the impact zone. that's referring to other foreign holders of u.s. debt including japan. so, ali, there's a lot of fear, the
meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the...
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Jul 8, 2011
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in europe, markets are all pointing north as well, charles. >> let's look and see watts going on in europe. here's where the numbers stand now. we have been seeing some decent gains from the banks. if we can look at the numbers, please. any way, here we are. up. this is decent. on top of the rally we've been seeing, it's, i suppose, heartening if you're a bullish investor to see these continuing gains. nothing too spectacular. 0.8% for the if thecy. more than 0.1% for the dax. zurich up 0.23%. we had that quarter of percentage point interest rate hike on wednesday that was effectively in the price we may see lingering optimism from thursday when the ecb said it would still use portuguese debt as loan collateral, despite the rating being cut. so the european authorities, if you like, sticking two fingers to the idea that portugal is producing junk bonds at the moment. they will accept these junk bonds, andrew. >>> a positive day here in the markets in asia to round off the week. it looks like the risk game is back on. it began last week. there has been quite a lot of money starting to come
in europe, markets are all pointing north as well, charles. >> let's look and see watts going on in europe. here's where the numbers stand now. we have been seeing some decent gains from the banks. if we can look at the numbers, please. any way, here we are. up. this is decent. on top of the rally we've been seeing, it's, i suppose, heartening if you're a bullish investor to see these continuing gains. nothing too spectacular. 0.8% for the if thecy. more than 0.1% for the dax. zurich up...
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Jul 1, 2011
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marking the fourth straight day of strong performance, we'll see if europe's performance will affect things across the pond for you guys there. >> you in the tropics like your bridges. in fact, in china, i read in "time" magazine that 11 of the world's 15 longest bridges are there. and there are four bridges opening today, including the world's longest sea bridge. it's the length of a marathon. >> it's, it is very long. but believe it or not, ali, we're hearing news out of louisiana that they're refusing to give up the title of having the world's longest bridge. they've had that title for about half a century. they claim that this bridge in china, that they've opened is only 16 miles long across the water, because it has a big long curve in it. it says its bridge crosses 24 miles of water. bit of a dispute going on. >> i tell you, those are long bridges, you're a runner. this looks like, doesn't look like a pedestrian bridge. but i guess they've got little things on the sides. >> you run in hong kong? >> i do. >> it gets hot and that's lot of thunder? >> i said it first, okay? let's
marking the fourth straight day of strong performance, we'll see if europe's performance will affect things across the pond for you guys there. >> you in the tropics like your bridges. in fact, in china, i read in "time" magazine that 11 of the world's 15 longest bridges are there. and there are four bridges opening today, including the world's longest sea bridge. it's the length of a marathon. >> it's, it is very long. but believe it or not, ali, we're hearing news out of...
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Jul 19, 2011
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and europe. gold is considered a safe investment when investors are afraid to put their money elsewhere. >>> the nikkei closed down today. the hang seco in, g closed high. u.s. markets yesterday, dropped. analysts said it's not about the fight over the debt ceiling here. it's about europe. fears of a default by a major european country could trigger an internationgs national credi. the stress test on european banks, they didn't take into account whether those banks would survive a default by a major european nation. >> let's tackle those issues separately. invest the tors here are being increasingly frustrated about sovereign debt for the euros. where you were, your lawmakers are trying to get approval to spend more money. where i am, they're trying to get approval to spend less money. things are going to be coming to a head on thursday. because eu leaders will be meeting to try to hammer out a separate bailout for greece. these bailouts are extremely unpopular and among economists because it's n
and europe. gold is considered a safe investment when investors are afraid to put their money elsewhere. >>> the nikkei closed down today. the hang seco in, g closed high. u.s. markets yesterday, dropped. analysts said it's not about the fight over the debt ceiling here. it's about europe. fears of a default by a major european country could trigger an internationgs national credi. the stress test on european banks, they didn't take into account whether those banks would survive a...
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Jul 2, 2011
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if we decided, we are able to move to europe like locust, like bees. >> a man who flew across the country without a ticket remains in jail this morning. a federal judge refused to set bail during a hearing yesterday. the suspected stowaway was caught traveling from new york to los angeles using someone else's boarding pass. when he got to los angeles, police let him go. he then tried to board a plane from los angeles to atlanta a few days later using the same trick. he was arrested that time. >>> also, this morning, a live picture, hartsville-jackson international airport in atlanta, georgia, air traffic controllers in atlanta and nationwide are getting new rules in an effort to keep them awake on the job. besides new scheduling guidelines controllers are now being allowed to read or listen to the radio to keep them awake, but only when there's not a lot of air traffic. they can also take sick days if they're too tired to work. this all in response to several incidents this year where controllers fell asleep in the tower. controllers are still not allowed to take naps, though, while on br
if we decided, we are able to move to europe like locust, like bees. >> a man who flew across the country without a ticket remains in jail this morning. a federal judge refused to set bail during a hearing yesterday. the suspected stowaway was caught traveling from new york to los angeles using someone else's boarding pass. when he got to los angeles, police let him go. he then tried to board a plane from los angeles to atlanta a few days later using the same trick. he was arrested that...
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Jul 25, 2011
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he was saying that he feared colonization of europe by muslims and that's why he carried this out, the target in oslo being the labor party. and of course on the island that was a youth labor party camp that was going on there, suzanne. >> such a tragedy. michael, do we know what's next for this suspect here? >> yeah. he appears back in court in eight weeks. he could just get another remand again, be remanded in custody again for another eight weeks and the process here, talking to a law professor earlier, he said in a case like this where breivik has pleaded not guilty and there will be a trial it could take up to a year for a verdict in this case the irony being of course he has pleaded not guilty but admitted to everything. the reason for that, he wants the trial to give him a platform to give his views again. >> i see. okay. michael, thank you very much. allegations of sexual assault, a high profile case of he said/she said. now the hotel maid who accuses a powerful money man goes public with her story. >>> a hotel maid who accuses a powerful international figure of sexual assault
he was saying that he feared colonization of europe by muslims and that's why he carried this out, the target in oslo being the labor party. and of course on the island that was a youth labor party camp that was going on there, suzanne. >> such a tragedy. michael, do we know what's next for this suspect here? >> yeah. he appears back in court in eight weeks. he could just get another remand again, be remanded in custody again for another eight weeks and the process here, talking to...
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Jul 3, 2011
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and europe. so it's a great growth story. >> the great thing here is you're giving people specifics. these are some places where indexes don't do the job. you want a manager. it might cost you a little higher than an index. but you want somebody who studies and knows the difference between this country and that, this company and that. >> yes. >> jim award is managing director at zephyr management. >>> enough with the debt ceiling talks. something has got to happen, and it has to happen soon. we'll get in to it next in my xyz. come to meineke for our free fuel-efficiency check and you'll say...my money. my choice. my meineke. >>> time now for the xyz of it. nearly three months ago after a last-minute budget deal averted a government shutdown, i stood in this very spot and i pleaded with congress and the president to never take us to the brink again. here we are, barely a month to go until the u.s. government will begin to default on its obligations if the debt limit is not raised. this game of chi
and europe. so it's a great growth story. >> the great thing here is you're giving people specifics. these are some places where indexes don't do the job. you want a manager. it might cost you a little higher than an index. but you want somebody who studies and knows the difference between this country and that, this company and that. >> yes. >> jim award is managing director at zephyr management. >>> enough with the debt ceiling talks. something has got to happen,...