Getting a seat using your airline miles. Tell me about it. It really isnt. But now some good news for frequent flyers. First, though, lets check in with sue at the nyse. Hi, sue. Hi, ty. Day two of yellens testimony on capitol hill. So far the markets like, once again, what theyre hearing. The dow is up 88 points on the trading session. A bounceback for the battered nasdaq, which is up a half percent or about 21 points on the trading day. And were up 6 3 4 points on the s p 500. Bob pisani, Kenny Polcari and a cnbc market analyst are with us. Its not changed from yesterday, decidedly, but the market seems to like it just as much as it did yesterday. Of course they did because what did she say . Theyre not going away. Rates are going to stay low. Where else are investors going to go . Look where we are. 1885, unable to really break through. We just cant get through it. We see it every time we get here. Three things are helping the markets. Number one, dovish central banks. Not just yell
This is from bloombergs headquarters in london. We begin with the Banking Center the banking sector. Have a report card and we are looking at a settlement and the latest on a widening global investigation. Lets hear from was a former governor had to say. Not pass wasat did close and you made a lot of progress. The question is about subjective and qualitative factors about how good the process is. They did not just want to rely on the basic model. They want to rely on the approaches that can make the banks folder hair out. Lets kick it off with you. Who failed the stress test . Citigroup is the big one and last week was about whether they in thehstand a crash stock market and an increase in the unemployment rate. Yesterday was about capital plans and the process. It is not only a capital buffer issue. And rbs is the interesting one because they want to get rid of this one. Flag foraise a red potential buyers . There is a reputational thing going on here. It is interesting. They have bee
The central part of the last election, and you want to deny the fact that elections make a difference. And so with that after a latenight session in the house, lawmakers voted to pass a bill that would keep the government funded past tomorrow, but House Republicans attached a oneyear delay to the Affordable Care act and repeal of a tax on those medical devices that help to fund the health care law. It is a measure that the Senate Democratic leader harry reid says he wont consider. Something the white house said the president will veto. With all of that, the federal for ament is headed possible shutdown. The house returns tomorrow morning at 10 00 eastern time. The senate is back tomorrow afternoon and as the deadline looms, any agreement needs to be in place before midnight of thee portions government will be game to close their doors. We welcome your calls. You can also join us on social media. Send us a tweet or on facebook at facebook outcome cspan. Our email address is journal at c
Amount to war crimes. Navi pillay condemned rocket attacks by hamas. And we look at what is happening in business. And, marion, another food scare in china. Fast food chains are on every high street and wall, but how fresh is the food were eating. A new scandal in china over a firm accused of selling expired meat to some of the worlds biggest brands like mcdonalds and kfc. Well take a closer look later in the program. It is midday here in london, 7 00 a. M. In washington, and 1 00 p. M. In the dutch city of eindhoven. Thats where the planes carrying the bodies from the Malaysia Airlines disaster are expected to arrive. We think in the next few hours or so. A moment of silence was observed at kharkiv airport in Eastern Ukraine before the coffins were loaded on board. The investigation into who shot down flight mh17 killing all 298 people on board is continuing at the crash site. U. S. Intelligence Officials Say the airline wear was probably targeted by mistake by separati separatists. B
Country. The remains of the Costa Concordia moves to their final destination where theyll be scrapped. And the 20th Commonwealth Games featuring more than 4,000 athletes from right around the world begins in glasgow today. Hello. The first bodies from the Malaysia Airlines plane that crashed in Eastern Ukraine are being flown to the netherlands, where a national day of mourning has been declared for the 298 people who were killed. U. S. Intelligence Officials Say the airliner was probably shot down by mistake by prorussian rebels. They say there is no direct evidence of russian involvement. Were still getting more details of the victims of the flight, Malaysia Airline steward wasnt sp supposed to be on the flight. He swapped shifts with a colleague so he could visit his parents. In an amazing twist of fate, his wife also a Flight Attendant had been faced with a similar fate when she switched shifts with the flight that disappeared earlier this year. Lets get more from Richard Galpin. J