Leading the s p this morning after their results. The cfo joins us this hour for an exclusive big news of the morning, fitch downgrading u. S. Longterm credit to aa plus to aaa it is the second downgrade ever by a major agency after s p back in 2011. Joining us first this morning on cnbc, the interview with the man behind that call, Fitch Ratings richard frances. Great to have you with us. Thanks for the time. Thank you i would love to know, sort of, your some color on the timing and the thinking behind the call now as some have pointed out, some of your quantitative models have been on the mend the last six months or so yeah, i mean, honestly, this is a steady deterioration that weve seen in some of the key metrics for the United States for a number of years. In 2007, general Government Debt was less than 60 . And now its up to 13 theres been a clear deterioration. Furthermore, were expecting physical deficits to rise over the next three years and we expect debts to continue to rise o
Sky and bt pay more than 5 billion pounds for rights to pay the to play the football championship. Hello, welcome to countdown. I am mark barton. Just getting earnings for 2014. 1. 76 oh yen euros. Analysts were estimating 1. 7 4 billion. Narrowly ahead of 1. 7 6 billion euros. Narrowly ahead of estimates. Analysts estimating an increase of 3 . Organic consolidated Revenue Growth is what it is called. That excludes the effects of acquisitions, disposals come and currency swings as well. Operating profit excluding items 3. 1 3 billion. Analysts estimating three point 00 6 billion. Those metrics seem to be ahead of estimates. 3. 00 6 billion. Analysts estimating 3 as well. When it comes to heineken we will be asking the chief executive officer later about how it is doing. We had high levels of rain in europe. It is exposed to russia. Has the performance been better in russia . It will be fascinating to see whether they have improved. Sab miller showed some interest in heineken in septemb
A 2 year conflict thats kill thousands of people and displaced millions. Ah ha ha ha ha robin watching all of their life. My headquarters here in the hall also coming up on the program. North korea keeps up, its miss our launch is 1st, 2nd day prompting the u. S. And south korea to extend joint military drills. We hear from a witness of a bridge collapse and india has killed more than a 140 people. And we meet the ebony artist to sound inspiration that the world cup in cat. Ah, i welcome to the program. We begin with the breakthrough in talks to end the conflict in tig roy, the tier pin government and to grow and rebels of agree to end fighting thats kill tens of thousands of people. That the deal well see rebels giving up their Light Weapons within a month and a detailed reintegration program. Theyve agreed for the Ethiopian Government to expand its work with humanitarian agencies to get much needed aid entity dry. Federal forces will take control of apples and will rebuild infrastruc
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