Pakistan with 46 billion of investment. And primed, shined, and ready. Cars go on sale in shanghai, but will the roll out of new modelings be enough to stop sales from slowing down. First the Italian Coast Guard is on its way to answer yet another distress call in the mediterranean. It follows the sinking of aship that could have had as many as 950 people on board when it went down. Two vessels carrying hundreds of people are in danger of sinking right now off the libya coast. Meanwhile, a boat carrying Asylum Seekers are smashed into rocks. All this as e. U. Leaders meet in luxembourg. Theyre calling for Decisive Action on the growing problem. First lets go to Barnaby Phillips who joins us live from catania. Barnaby. Another day and another incident in the mediterranean. Tell us about these two vessels that are in danger. What weve heard is from the Prime Minister renzi. There were two boats. The first with 100 to 150 people on board. The second boat is throughout to have perhaps as m
Sending all the major averages higher if only slightly after two Straight Days of triple digit losses for the dow, the blue chip stocks got a boost from shares of intel which rose nearly 7 after it rose its fullyear guidance on Strong Demand for personal computers that use its chips. And a drop in inflation last month, lower costs for food and energy. Here is how the markets looked at the closing bell today. Dow was 41 points higher at 16,775, nasdaq gains 13 to close at 4310 and finishing six points higher was the s p at 1936. But for the week, the dow turned in their worst performing weeks in two months. A more stable calmer day in the oil markets today but Oil Prices Still pumped higher. Despite sunni militants continuing their march toward baghdad there are no signs of supply problems coming out of iraq, west texas intermediate up slightly closing at nearly 107 barrels a day, and brent crude ending at nearly 13 a barrel, and meanwhile, president obama said quote, the United States
So a full scale rebellion in iraq. Shia fighters from the south signing up to help a depleted iraqi army defend baghdad. Prime minister Nouri Almaliki calling for help to protect the citys holy shrines. The isil is leading an offensive that is 80 miles away now, 80 miles from the capitol, almost immediately after isil took mosul tuesday and handed it over to sunni tribes. Here is our report. Reporter a call for arms. The ayatollah. We call on people in the defense of their people, their country and holy shrines and call on people to join forces to achieve this goal. Young men flock to the recrui recruitment center. We have volunteered to defeat the isil fighters. Well go to mosul and god willing we will fight them. Reporter in mosul, the city those have left are finding it difficult. They havent found shelter in the kurdish region of iraq where half a Million People have gone and need help. Were afraid they will target us. Thats why we left our home. Reporter the army has been besieged
Baghdad. There is new fighting today. Shiite clerics telling their followers to take up arms against the approaching sunnis. This is what religious civil war looks like. Statement American Contractors stuck in iraq are scrambling to get out of the country as fast as they can. We will have their story straight ahead. A new report from the u. S. Government says 96 of the shale in one of the countrys Biggest Research areas is unusable. What will that mean for u. S. Energy policy. As that crisis in iraq grows, lets take a look at where oil is trading now. Brent crude is trading. Up about half a . Bob, youre going first today. How does it feel . Its pretty simple. Essentially down at the open, but we have drifted to the upside, president made some comments just before noon so the s p 500 is on the up side. The other key point is you see the nice move up is the transports. At this time so you see a nice recovery in all the transportation sectors. Another group that continue toss do with is b
Good morning, everybody. Time to givee some you a quick update about the situation in iraq. Meetingy, i convened a with my National Security discuss the situation there and this morning i received an update from my team. Days wevest several seen significant gains made by organizationrist that operates in both iraq and in syria. A terroristof offensive, Iraqi Security forces have proven unable to defend a which hascities allowed the terrorists to overrun part of iraqs territory danger to iraqa and its people, and, given the of these terrorists, it could pose a threat eventually to american interests, as well. Is not brand new. Over the last year, we have been up our Security Assistance to the Iraqi Government with increased equipping and intelligence. Now, iraq needs additional momentum ofreak the Extremist Groups and bolster the capabilities of Iraqi Security forces. Will not be sending u. S. Troops back into combat in iraq but i have asked my National Security team to prepare a range