Scientists achieved a technological feat. President obamas overseas odyssey is coming to an end. On the last leg of president obamas road trip, riyadh was his time stop, but it may be his most crucial. Mike viqueira joins us from saudi arabia, in riyadh. A lot for these leaders to discuss, so what came out of their meeting earlier . Reporter well, tony, it was a twohour meeting, and it was dominated by two topics. The two topics that brought the president tory idea after a grueling week in europe. Its the policy towards syria and the policy towards iran. They done even pretend that the longtime partners of the United States, the saudis for o seven decades. The saudis were were caught by surprise by irans talks in secret. And syria last fall when the president backed away from a Bombing Campaign, a brief Bombing Campaign in retaliation and punishment for bashar alassads use of chemical weapons. This is something that the saudis disagreed with. The word came her is that the pt came here
Tonight, the utility says it has been meeting with the u. S. Attorney, and based on those meetings, it says its now prepared to defend itself. Jean elle is live with whats more on what is expected. Reporter jessica, nearly four years after that explosion, many people here are still rebuilding and theyre wondering why its taking so long for pg e to be held accountable. They said word that the utility they Face Criminal Charges feels like progress. Reporter the mayor will never forget watching the neighborhood burning after a pg e gas pipeline exploded in 2010, killing eight people and spl destroying more than 30 homes. It turns out the u. S. Department of justice is also investigating. Pg e revealed the inquiry in a filing with the security and exchanges commission, saying it expects it will charge pg es past operating practices violated the safety act. In the neighborhood where residents are still rebuilding and reliving that traumatic day, many stay criminal charges are overdue. Did t
Shock. The underwriting fees are just 1 . And facebook looks to the sky. The social media firm says its using lasers as part of a plan to give the whole world Internet Access. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello and welcome to the last edition of Worldwide Exchange for the week as we come into this last session, you can see the Dow Jones Stoxx 600 we are up. Vapsers outpacing decliners by about 8 1 at the moment. The dow is really flat, just down five points. But its been down four out of the last five sessions. Right now, dow is called higher by 34 points. The s p is around 5 points above fair value and the nasdaq is up 14 points as you can see after being down 0. 5 yesterday. As we were saying, its the worst week since october 2012. So this is where we stand with those market moves. Flat for the dow, the s p down marginal marginally, the s p down another 22 points. What have we done yeartodate . The dow so far now down
Narrowerthanexpected loss and well talk to Ceo John Chen about it first on cnbc. Cbs outdoor americas ipo capping off what has been a big week for offerings. Cbs Ceo Les Moonves and jeremy male will join us on a first on cnbc. And walmart suing visa for 5 billion over what the retailer deems excessively high credit card swipe fees talk about that. But blackberry did report much narrowerthanexpected quarterly operating loss of eight cents a share and revenue below consensus as smartphone sales fell across all regions. And john chen said they are on sounder footing with a path to returning to growth and profitability. Hell be a guest later on on squawk on the street. I dont know, eight cents, i think the estimate was for a 55 cent loss. Look, there are a lot of people who turned on this company no matter what they say. Now, there is revenue decline and theyre not talking about really great numbers for until fiscal year 16. But do you know what, lets just hand it to the kceo. There were p
Coming in from the altamont pass. Lets go back to the desk. Thank you, sal. Topping our news this morning lawmakers in sacramento may vote as early as today to suspend state senator leland yee. Tara moriarty is right in front of yees sunset district home with what comes next for this once prominent bay area politician. Reporter yes we are once again in front of his home but there is no sign he is actually here. He has not spoken publicly since his arrest. While his colleagues are calling for his resignation, yees Attorney Says his client has no intention of resigning. China town is the area that yee grew up as a teenager. He worked there a lot as a polishings. Democratic leaders have tried for decades to motivate more people to vote. Yees attorney announced yesterday his client has withdrawn from secretary of state. Its a very personal choice and so that is the choice he has made without any political implications. Its the personal thing he wanted to do. Reporter yee was one of 26 peop