Were immersed in red with less than an hour to the closing bell. Lets start the countdown. Breaking news maybe he just couldnt take the double speak anymore. 24 hours after that man on your screen said its time to raise rates, the atlanta fed president announcing hes stepping down. Dennis lockhart dropped that bomb ahead of the crucial fed meeting that has investors on the edge of their seats. The dow down 297 point, right now down 264. Weve wiped out yesterdays 240point rally and much more. At this hour, not one but all three major indices are on track for a Third Straight day of greater than 1 moves. Tripledigit losses for the dow, the s p down 34 points. I want to remind people on friday the s p had fallen 52 points. Were close to matching that. The market bumps and jumps sending the volatility index skyrocketing more than 20 . The vix up 23 . Were seeing signs of stress here. That vix is on track for the highest close since june 27th. Investors fleeing stocks to find refuge in not
People never write about that team. Glad to see you here. Councilwoman deborah, thank you for being care. And crockett who is running. I told my staff, make sure i get crockett some money, i have not done that yet. Ok. Last time i spoke at the Las Vegas Chamber of commerce, i said i know yall had a lot of questions. We have each was of doing a little quiz here. I can give a speech on for 20 minutes on any subject you like or i can answer questions. I have told i have 15 or 20 minutes to talk and 20 minutes to answer questions. What about just going to the questions . I did not do the quiz, i just decided what we would do. We do not need to make this as formal. Ask me a question, ok . We have to speak directly into this microphone. It is a cspan microphone. It is not piped in. You have to speak directly into the microphone. I will be running the microphone for questions. If i could have a hand, we will get it started. Councilwoman . Obviously jobs and transportation are high priority fo
Out theo Point Military isnt the only source of Tactical Gear used by people in this country. Most of the stuff you are seeing in video out of ferguson is not military equipment. Ferguson itself, they have two humvees from this program. A lot of the stuff is not u. S. Military equipment. Point number two, 95 of the property transferred to local Law Enforcement through this program is not tactical. It is not weapons. It is shelving, office equipment, communications gear, that kind of thing. I think it is important to keep this thing in perspective. When the secretary wants to be he wants to be, as he looks at this program, he wants to make sure we are striking the right balance. That the rate residence is being transferred. That the accountability is in place. He is also mindful that it is not a good place for the pentagon to be holding sticks out to Law Enforcement. There is a reason why we are not involved with local lawn force in activities. He wants to make sure that we take the pro
Profits at ubs stronger than analysts have been expecting. Analysts paying attention to questions hanging over the bank. Ubs has closed u. S. Probes into its dark pool alternative trading system. The companies cfo will join us live at 7 00 a. M. Eastern time. Meantime, bp posting a big jump in its quarterly profits driven by Strong Production numbers. However, the oil giant is warning further western sanctions on russia might hurt its business there. Bp makes about a third of its crude oil output in russia. It is the single largest Foreign Investors in that country for its nearly 20 stake in state oil companies. And eu leaders are meeting to debate economic sanctions against russia. A new list of putin associations and businesses that will face tougher measures is expected tomorrow. Lets talk about a bit of other corporate news. U. S. Investors are knew suing barclays. The attorney general accused the bank of lying to customers regarding its electronic trading platform. The investor ar
Broadband provider to charge companies for faster delivery of their content we speak with senator al franken on the neutrality. Credit squeeze and its subsidiaries engage in an extensive and wideranging the bankolding actively helped its account holders to deceive the virus by concealing assets and income in illegal, undeclared bank accounts. Rosee Bank Stock Price after the settlement and the chair of the banks board says Credit Suisse is as white as snow. Why no Senior Executives have gone to jail, occupy wall street protesters have been sentenced to 90 days in prison. We will look at who goes to jail and who does not. And the data pirates of the caribbean. Did you know the nsa is working with the Drug Enforcement agency to record every phone call in the bahamas . And we remember civil rights pioneer Vincent Harding. All that and more coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. Thailands military has imposed martial law. Proteste