Reporter im at one of the popular shopping arcades in kumamoto city. Theres shops on both sides but as we can see, like this shop here, many were damaged but last nights powerful earthquake. Because of the damage the shops and Large Department store are closed temporarily. This arcade is usually crowded with many shoppers, but that is not the case today. Thank you. Well be back momentarily with another update on whats happening in kumamoto city. Nine people are dead and more than 1,000 were injured in the quake. The sma the magnitude 6. 5 earthquake recorded the highest on the seismic scale. Many buildings were destroyed or damaged by the quake and numerous after shocks that followed. Transportation has been disrupted. The quake delayed the bullet train. Highways cracked and crumbled in many areas causing authorities to close some sections. Flights have been affect at kumamoto airport. The quake struck the region where japans only Nuclear Plant currently online is located. There are no
Losses. Hillary clinton takes on president obama saying she does not support his transpacific trade pact as she outlines her plan to take on wall street if she becomes a democratic candidate. The story of the day. Lets check in on european lenders and they paired back their losses at the start of the session. This is because germanys largest bank stunned investors by announcing a record 6 billion euro loss and in an exercise in what theyre calling kitchen sinking we have him outlining a slew of charges and write downs that may cost the company its dividend for this year. Total charges could top 6. 2 billion euros and this goes back to a lot of missteps when it comes to corporate banking. Right. Most comes from a 5. 8 billion euro investment charge on the Investment Banking side and private client business as well. Bank also set aside more funds for Legal Provisions and a write down on chinas bank. Those factors all coming together to surprise the market and carolyn has more on that. An
I also want to say a big thanks to americas new secretary of veterans affairs, Bob Mcdonnell who is here. Stand up, bob. [applause] as some of you may know, bob head of one of the biggest, most Successful Companies in the world. But he also was a west point grad, also a ranger who served valiantly on behalf of his country. And this is a labor of love for him, and he is hit the ground running. Hes heading out to the hospitals and clinics around the country, starting with phoenix tomorrow. So thank you, bob, for accepting this charge and this challenge, making sure that were doing right by our veterans. I know youre going to do a great job. Really proud of him. [applause] i want to thank all the members of congress who are here today, and i specia especially o thank those who led the fight to get bob and the va more of the resources and flexibility that they need to make sure every veteran has access to the care and benefits that theyve earned. Senator bernie sanders. Senator richard bur
Before the bell, well be hearing from retailers walmart and kohls. And the bulls are hoping todays earnings and Economic News can give stocks another boost. The dow snapped its threeday winning streak. Out to the futures this morning, youll see at this point there are some strong moves in a positive direct. Dow futures are up about 60 points above fair value. The s p 500 up by eight points, the nasdaq up by almost 20 points. While we were sleeping, asia closed mixed. Take a look at what happened with the nikkei. It was up another 1 . A lot of speculation out there that the Prime Minister shinzo abe may have decided to call an early election. Also thoughts that they would be putting off the planned hike in sales tax. If they put that off, that would be another positive for the economy. Industrial production rose therein than expected last month. Shanghai was down 0. 3 . Retail sales falling slightly below estimates. If you take an early look at whats been happening in europe, some stron
Association manufacturers association. Remember the ipad wasnt invented when adsb cannot. There some type of lower cost of ice that could be like our cell phone. General scovel, the faa seems to be behind on issuing rulings on drones and integrating uas, uab, whatever want to call them, integrating them into the airspace. How far behind on the no . Are behind. They are behind the mandate established by congress in the last reauthorization from 2012. We should say we really mean it this time. Well, yes absolutely. And it would certainly help everybody if the agency listened. Faa was slow in designating its sites, six of them. They were finally designated, again for switzer congressional authorization or mandate, but we have found that the agencys plans to develop data and to learn from the results that accrue from operations at these test sites have not been prepared to the agency satisfaction. And certainly not to the needs of the burgeoning industry. When it comes as well to gathering