The degree in computer engineering, she hopes to launch his own start up. If you have a business and we become friends, can i invest in your company if i live in the United States . If you give me the money. You have to pay me interest. A lot of interest. You find a lawyer and we will do a contract. Armando made me feel welcome. Of course i cant invest in a cuban business yet. Thats illegal. Because of the u. S. Embargo imposed after Fidel Castros revolution. Cuba has been cutoff from the goods and services and the economy needs to survive. Despite free health care, housing and higher education, many are struggling. Walking around the old city, i saw a place full of life, energized by the changes. Desperate to boost the failing economy the government loosened their reigns on private enterprise. Everything is made in cuba . Yes. Thousands are now working for themselves. Very beautiful. I found them everywhere. Even here. A sleepy street in a residential neighborhood this this tiny rente
Invest in struggling companies and help turn their fortunes around. Now, ive come to one of the last holdouts of come in addition to meet pioneers of capitalism the doors for the first time are wide open. Im definitely a businessman. I love doing this. Do you think youre going to be in cuba for the rest of your life . Yes. Because cuba changes very fast. The obstacles are daunting. This clothing designer has to buy fabric on the black market. This Restaurant Owner is isnt allowed any more than 50 seats. The state says she isnt allowed to expand her business. You cannot have two stands . No. In sucks. Meet cubas new business class, surviving and thriving. Under one of the most oppressive regimes in the world. I had barely set foot on cuban soil when i saw how the new Business Laws are changing lives. Armando lee rolled up in a 61yearold chevy. A typical havana taxi. How are you doing, my man . Hello, my friend. Im marcus. Marcus, my name is armando. Nice to meet you. Nice to meet you, b
Of beautiful the light source still on a to bay bridge where going to turn the attention to the weather this morning. Reporter as were showing you from visibility standpoint some of the cameras looks really good all the landmarks going on all this not as noticeable we may be delayed overcast skies right around the u v e a bay in temperatures and lower 60s territory conquered 5964 level more 60 percent was in San Francisco 58 where we stand from this time guest today by these numbers a couple of warmed agrees then they were this time yesterday and. Reporter for openness or around 67 bimill will be getting into lower 70s the morning fog but mostly sunny and mild afternoon expectant. Reporter the pincus off the board and you do see the blood red making the progress a little bit of solano, said up to the north bay and spots for the most part is more subdued and the what we saw from last week. Reporter we will get some relief in least when it gets lofting of 91 for the inland valley looks l
So hes going to perform. So we can go roge . Good day everybody it is thursday, july the seventh, look how is here, lauren . High you know philadelphia style magazine. I do. One coming up in a few weeks, best of style philadelphia style magazine got it. Whats hot in the city of brotherly love right now . We have about ten different categories. Whats the hottest place, hottest fashion, hottest haircuts, lala. Smoking, as you say. Smoking. I didnt make the cut. Thats okay. Well, you know, in the summertime, on thursdays everyone recovering from doing sips on wednesday, now something to do on thursday, keep it going. Old city eats, new this summer, more than 30 restaurants are participating in this. So i went to a few yesterday. Yes . Again . Alone. Oh, well, there is nothing wrong with that, okay . Okay. Im okay about myself. Anyway, so i gave you little preview of some of the great places you can try on thursday, thats for alex around town, mike. Hey, is that the dude that can eat a chi
There is no alternative come and that is why they are investing. David it is what youre seeing. It was not the fundamentals of the equity markets, it was the liquidity pressed into the marketplace that drove up the values. Alix notice rick parity funds now those risk parity funds that is the risk Going Forward. We will be discussing all of this, plus centralbank policy and the feds next move and the state of the bond market with peter hooper. That is coming up in just a moment. Jon, you are taking a look at the after of that friday bond selloff. Jon the followthrough into asia and europe once again. A threeday losing streak in europe, every Industry Group trading in negative territory. The miners got hammered in london, the ftse down by 1. 5 . In the fx market, dollaryen lower. The dollar stronger on both of the other on most of the other crosses. Positive by about 2 . In commodities, risk off with crude, brent, and the bti coming in at 1. 8 there. And wti humming in at 130 there. The