Kongshanghai connect. From the just pictures trading room floor. That is what we have at the moment. We seemingly are finally there. It is just half an hour away. Market swinging open to Foreign Investors in a limited way. It is the Hong Kongshanghai connect. We have dave watching the action from the Credit Suisse trading floor. What is the mood like there . Good morning. As you can hear from the guys behind me, the decibel level is getting louder. We are entering 30 minutes before the open. That being said, a lot of focus today will be on the backend. A lot of investment and a lot of time, not only from the exchange, from brokerages, all throughout the industry, they have gone into making sure this open will be very smooth. I just want to mention as well, when we talk about these daily quotas, a lot of chat has surrounded that, is it big enough, i want to focus more on the overall. Billion. Oking at 3. 8 just to give you a statistic here, if we use up the daily quota for the next 23 d
1. 0. Jeb bush, poking you tell them to the 2016 president ial race. We will get into all three of those stories in just a moment. First of a we go to pakistan where over 100 people, many of them children, were killed by taliban militants. The attack is the deadliest in seven years. It took place at an army run school in the northwestern region. We have been on the ground in the aftermath and we are joined by phone. Thank you for your time. What is the latest on this shooting. Who did this and why . The attack on the school in northwest pakistan, the death toll has gone up to more than 140. Most of the debt our students. They told us that the attackers and chargene by one on them, point blank. What has been the governments response thus far . What are we hearing . Statements were made on militants who wage war against the state. The operation against terrorist would not only continue, but would be further intensified. Theaid that none of terrorists would be spared. On the other hand, p
World. But today most trading in stocks is done elsewhere by Robot Computers that buy and sell in microseconds, faster than you can blink an eye. And the computers have done so well that some institutional traders have come to believe that the game is rigged. Are humans ever involved in the trading . Humans are not involved in the trading because humans are way too slow. [ticking] there are close to 850,000 of them in the United States, twice the number of atms. The new slot machines, the Main Attraction at casinos, are like hightech video games. And states across america are increasingly relying on them to raise revenue 38 states and growing, including pennsylvania. But the former governor ed rendell didnt appreciate some of our questions about it. You guys dont get that i do get it. Youre simpletons. Youre idiots if you dont get that. Welcome to 60 minutes on cnbc. Im steve kroft. In this edition, we look at the world of big deals on wall street and in las vegas and examine the impac
Who is a behindthescenes adviser through her husband in a way thats quite different because in many respects michelle behaves toward her husband as though she knows better. He said in public that she is the boss. He often sounds like a i i must say. I know thats very radical to say that but i think theres a lot of truth to that. These women, both michelle and valerie have enormous influence over his policy decisions. Another concrete example, when bill daly was the chief of staff of the obama white house, he said after he resigned, that he and obama would come to an agreement and then Valerie Jarrett would go upstairs to the residents that night, spend the editing evening up there talking to barack and michelle and the next morning the president would come down and contravened and throughout the agreement that daley had. In daley resign because he said he couldnt bunch of that kind of white house. Host we talked about averted topics and other topics are exploded explored in blood feud
The small and beautiful town of jackson hole, wyoming. This afternoon, the minutes of the Federal Reserves last meeting were released in washington showing that some officials think the economy is Getting Better quicker, so much so that the central bank will need to hike rates sooner than planned. The initial reaction in the stock market was one of concern, and stocks shed some of the gains for a short time before they resumed their august asent. In the meantime, a cnbc survey shows wall street thinks the next round of Interest Rate hikes, wherever they begin will be so gradual and so prolonged they wont end until the next president is in the oval office for nearly a year. Steve liesman is in jackson hole where Federal Reserve chair janet yellen will speak on friday with a look at why everyone on wall street to main street will be watching jackson. Reporter when the leading luminaries of the central banking and economics World Convention on the mountains for the annual conference this