Split the ceo and chairman roles. Frederick keeps his job while Vice President steps in as chairman. Lets get out to one of our top stories today. Chinese stocks suffered the worst drop many more than six years led by the countrys three largest broke ages have been banned from opening new trading margins for three months. It follows a investigation into high risk activity. Joining us live from beijing on the latest. Hi. Thats right. It is driven by a crack down on margin trading here. The countrys regulators had issued a warning to 1 different brokerages and they punished three of those firms. These are three major industry heavy weights here. And these companies now face a temporary ban for about three months on opening new margin accounts. The reason we saw it a lot of people are worried the move will dent the buying in stocks. The shanghai rally has been driven in large part to the margin trading that has been going on here. A lot of people have been flocking to the stock market and
President obama is now in east lancing, michigan, in just a few minutes hes expected to sign the new farm bill into law. Mike viqueira is in washington with more on the bill and why the president went all the way to michigan to sign it, mike . Well, there were a couple of reasons for that. Some just plain old poll licks. The chair woman hails from michigan. Michigan State University is where the president is going to be appearing. Its a variety verse agricultural community, many people dont know that. 956 billion lets just call it an even trillion, del over ten years. And it has been a long time coming. The country has been without a farm bill since last september when the last farm bill expired. But the fight had lasted much longer than that. Chief among the concerns, the reformers in the tea party felt as though too much money was being spent on food stamps. They had an enormous cut, some 10 of food stamp expenditures, that did not come anywhere close in the final product. About 1 ,
A good idea . Our guest says we should regulate and it has been Holding Hearings this week to make his case. I have got to ask you, why does this need to be regulated . We always want innovation and we want to attract more Tech Companies to new york to do more great things. It is clear bitcoin and Virtual Currencies has become a place where we have seen a lot of Money Laundering. On you worry at worried are you not worried about stifling innovation . Balance to make sure Money Laundering is not going on. Permitsame time, innovation. We can do both. There have been a number cases already. A massive amount of International Money going on. Through a little bit. Who was doing what to hide what sources . I am not a prosecutor and we did not do the case. A lot of crib though currency being used to move money out of foreign companies. You do not think the coin is a bad idea. It might be a good solution. You just need an end to Money Laundering. Yes. They have potential and down the road, ther
Vinyl or disc. Why the old plastic is back in style. Its day 2 of an evacuation effort in the besieged syrian city of homs. 83 women, children and civilians have been allowed to leave. Men have been forced to stay. Rescue efforts are part of a deal and we are live from lebanon. Reports of intermittent shelling in homs. How does that affect the evacuation effort . Well, there have been delays in trying to deliver the aid into the old city of homs. The ceasefire which started on friday morning is, indeed, delicate. We heard reports of a few more tar shells that landed in the old city of homs. Troops fired shell in a christian district. The Syrian Government said the rebels launched the shelves and they fired back but the situation is contained and under control. It is expected that up to three tonnes of humanitarian aid will enter homs, including food, medical supplies and blankets. What conditions are the evacuees in right now. Well, theets 83 people who have been evacuated on friday. T