Woodruff those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Bae systems. Inspired work. United healthcare. And the william and flora hewlett foundation, helping people build immeasurably better lives. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill House Republicans scrambled today to organize their party ahead of next weeks vote for a new majority leader. The race has been whittled down to two contenders g. O. P. Whip Kevin Mccarthy of california and Pete Sessions of texas, the chairman of the house rules committee. Fellow Texan Jeb Hensarling pulled out of the race. House Speaker John Boehner did not throw his support behind either candidate, but said he would
Low for a considerable amount of time in the united states. Could they be pushing back the timing for Interest Rate increases . That has been helping with advertising in the u. S. We have seen earnings on the upside, continuing. The s p 500 just off a record high. Ansumer confidence jumped to sevenyear high in the united states. Generally, there is a positive feel out there. Helping stocks in europe, helping u. S. Treasuries. We have seen bonds continue to see a downward trend in yields. 2. 29 is where it is at. Still no hint of a rate rise in the u. S. We are seeing appetite for italy and spain this morning. Of course, this appetite for risk coming back. We are seeing germany sell off a little bit. I want to get into some of the big movers here in europe. Key foldsecting some on the back of a couple of earnings. Deutsche bank posted a thirdquarter loss. , we wereovisions talking about it with ubs. Deutsche bank too having to cover the cost of litigation. Did they manipulate Foreign Ex
They try to shore up the rupee. Samsung and qualcomm try to set the clock of the smartwatch market, sony races to secure its spot in the phone space. The ceo of the japanese tech giant tells cnbc he wont give up on the tv business. We have a Good Relationship with all of our major shareholders. And we continue to have a good dialogue, certainly with mr. Lobe and third point as well as all our other major shareholders as well. Hello, warm welcome to Worldwide Exchange. U. S. Senate Foreign Relations committee agreed to authorize a limited attack on syria, clearing the way for a full senate vote next week. The measure is expected to pass in the senate, but its fate in the house is less certain. Vote came as president obama urged lawmakers to prove his plan for syria. Speaking at a News Conference in stockholm yesterday, he said international communitys credibility is on the line. Secretary of state john kerry also testified before the House Foreign Affairs committee yesterday defending t
Investors taking profits ahead of this weekends parliamentary election. The motor city gets weighed down under a mountain of debt. Detroit filing for theargest municipal bankruptcy in u. S. History. Hi, everybody. Welcome to the program. We have got two hours together. Finance ministers gathering now at the g20 meeting in moscow and theyre expected to ratchet up the crackdown on Corporate Tax avoidance. Now, later today, the oecd will be unveiling an action plan aimed at tackling Profit Shifting, which has thrown some of the largest multinationals into the spotlight. Lets get the details with julia chatterley from moscow with more. Julia, a lot on the agenda and taxes definitely one of the issues theyre going to be talking about by the looks of things. Absolutely. Huge agenda. Growth, jobs and tax avoidance. As you said, the oecd just about to announce their proposals to targeting tax avoidance by the large corporations in the g20. You cut to the heart of it when you said a Profit Shif
Recession, youre going to get over no growth or negative growth in many of the economies of the world, including some of the larger ones. And therefore, you going to get, not only low growth for this year but you will also leave a sequel that will also leave a sequel that will be affecting us for u nfortu nately, will be affecting us for unfortunately, a few years to come. The head of the oecd there speaking to bbc radio. So, no wonder governments around the world are already taking drastic action to try to limit its spread. Germany is stopping people from meeting in groups of more than two outside work. The greek government has announced a total lockdown in the country as cases there continue to rise. Meanwhile the us congress is still ironing out the details of a more than 1 trillion deal designed to help American Workers and companies affected by the virus. The british Prime Minister has warned tougher measures could be introduced if people do not take the governments self distancin