118 points. S p gaining and nasdaq, 1. 03 . Oil bounced back from its lows and closed down 3 instead of 5 . As investors held out the usual hope, the market is free to enjoy. With oil at 30, pretty much straight down from june of 2014. You would think we would be dancing in the streets. I can recall bull markets based on the cost of fuel. The combination of a reduction in the price of gasoline to under 2 in your heating bill. It is like giving every Single Family a 1500 tax cut. The government doesnt have to pay for it later. I know as a proprietor of a restaurant and an inn. A restaurant in brooklyn, this cost to my business. A major windfall for 2016. What a terrific bottom line win out of nowhere. Can you paneling what must be the story in every company that must generate power to make things or businesses that manufacture objects out of plastic that are oilbased. Energy is a principle cost for almost company i follow which makes this a fabulous windfall. How the heck is the crash i
Good morning, everybody. You are watching the pulse. We are in london. Iming guy johnson. We are goingg ciao to tell you why italys leading car manufacturer is leaving mama. And talking of cars. Pimp my mclaren. The are talking to the Company Working on the interiors of the worlds fastest cars. Check it out later. Thats get to our top story. Socgen posted a profit increase for the Second Quarter. With sanctions looming over russias economy, will that start to threaten the bottom line of frances secondbiggest bank . Caroline connan is in france. She has got the story. She has been talking to the deputy ceo. Guy, if you look at the earnings of Societe Generale, they were pretty good numbers. They beat estimates. For the risky loans declined by about 24 . The net income was at the highest level since mid2010. Of course, we have to look at russia. Russia is one of their big strategic markets for Societe Generale. It is the secondlargest market by client for Consumer Banking for Societe Gen
Data points making big changes in the course of the overall trading session. Far, the standard has dan the Chinese Market has been the Chinese Market. Home prices are continuing to cool on the mainland property. I will be back a bit later on. Back to you. Chinasmarket Property Market is feeling the pinch, more cities to a hit with. Alling prices, it has gone up by nine cities. It was 55 in june that saw falling prices. It is 54 in july. Up from 4 . , that is deftly concerning. Four years of restrictions. We have seen rising mortgage rates. We have seen restrictions on buying homes. Locals cant buy multiple homes as freely as they could. Restrictions right across the board. The july new home prices falling. N 64 cities in china ingely tier one beijing. There is one developer seeing thats making money but seeing slower growth. Stocks are actually down. The market is really changing their sentiment. Chinas biggest developer by 5. 5 . Rose they sold more small or medium homes. This is the
Case 57 else got the animal san jose found dead. 330 this morning on about any of the department of this deadly shooting where it happened. Team coverage in san jose this morningstar. With kron 4 will trend near the scene where the cop killer was found dead this morning. Reporter 12 hours were all this went down all very much the crime scene you conceive officers still here and not letting anyone of Police Officers investigators into the apartment complex. On center and willis and no cars as you can see it also allowed to go through this location. Lets go to show you the new video from this morning about an hour 15 minutes ago this was the somber procession of Police Officers after 14 year veteran Michael Johnsons body was finely falling remove from the scene there waiting for the Coroners Office to arrive more importantly to upgrade the this is still down and i do know the suspect confirmed dead and 23 morning were allowed workable ago and and then remove him of course it insulates th
Effectively abandon Net Neutrality. We will speak with former longtime fcc commissioner michael copp. He author, astra taylor it turns out [indiscernible] rich tend to get richer online. An treat ande share, the appearance of a quality online is far more elusive than people like to admit. But the 50th anniversary of the worlds fair in new york will stop this fair represents the most promising of our hopes. They gathers together from 80 ies the achievements of industry, the health of nation, the creation of man. This shows us what man at his most creative and constructive is capable of doing. We will speak with norman and than 700l who led war protesters demanding fair hiring practices at the worlds fair and called on president johnson passed the Civil Rights Act. All of that and more coming up. This is democracy now , democracynow. Org, the war and peace report. Im amy goodman. Ukraine is warning it will continue efforts to retake control of eastern areas despite. Arnings from russia t