Iranian nuclear deal. David is looking at challenges to spotify and apple. The greek Prime Minister Alexis Tsipras is trying to rally support for his position on the bailout talks. He is asking opposition lawmakers to back his strategy of putting an end to austerity measures. He told the Greek Parliament any new deal must include restructuring of the debt. President cypriots we want a new agreement that has necessary restructuring of a debt because no country that has a debt of 180 of its gdp can safely come out to the markets, and this is the sour truth. Mark greece and its creditors remain far apart on a deal. The country has submitted a 15page list of proposed economic reforms. Three european officials tell bloomberg is not enough to make them give greece additional bailout funds. J. P. Morgan executives have been deposed as a part of an investigation into the asset unit. The securities and Exchange Commission has also subpoenaed thousands of pages of internal documents. Investigato
Seen any innation as judged by the cpi since october. That number is due out at 8 30 eastern time. Then later in the morning watch for the Housing Price index. New home sales and richmond fed survey. St. Louis fed president gym bullard is set to Start Talking in london in a few minutes. In the meantime jon williams is in australia and he is telling economists there that the broad strength of the dollar poses little risk to the u. S. Economy. Gathering more momentum for what happens when rates start to move he warns of unintended consequences for the economy. Given that Monetary Policy is a blunt instrument its going to have unintended consequences or effects. The goal for me is just to get the economy back to full employment. Get inflation back to 2 and Interest Rates back up as appropriate back to more normal levels. He will not be composing the music for the new movie. I thought he was. Originally he was signed on. He will not. Well check into that. But i thought i saw recently hes n
He was still doing concerts and theres a place in new york city called b. B. Kings. Have you ever seen him in concert . I have a couple of times. Lucille and born and raised in mississippi which was one of his alabama lumbars too and whats weird is mike nice tie, i think albert king was born in another great blues guitarist that played with the guitar the way Jimmy Hendrix did, learned to play it this way even though they din change the strings. And he was from there. How weird is that. And both named king. But not related. Sure. Very weird. That was very sad to hear that. I love great guitar player and great guy. Always seemed like he was in a good mood. I never met the man. You mentioned 330 day ace year and never stopped working. On the road for decades. He saw how it made his audiences feel too. It might have been called the blues. But it made you feel good. Made me feel good anyway. Now to wall street news. Lets get you up to speed on the markets. U. S. Equity future at this hour
Sparked by the financial crash of 2008 continues to impact the Business Practices of wall street and the lives of americans on main street. This edition examines the seismic shock of the economic collapse on American Families and what many of them believed were their most unshakable investment vehicles their homes and their 401 k Retirement Savings plans. We begin today with the culture of wall street and the role that it played in the crash. If you had to pick someone to write the autopsy report on the wall street financial collapse in 2008, you couldnt do any better than Michael Lewis. He is one of the countrys preeminent nonfiction writers with a knack for turning complicated, mindnumbing material into fascinating yarns. He wrote his first best seller, liars poker, about his experiences as a young wall street bond trader when he was still in his 20s. Another lewis best seller called the big short inside the doomsday machine was published in march 2010. It explains how some of wall s
Street have foreclosed over the last year. And yours over here . Mine will be number 17. Welcome to 60 minutes on cnbc. Im steve kroft. The socalled Great Recession sparked by the financial crash of 2008 continues to impact the Business Practices of wall street and the lives of americans on main street. This edition examines the seismic shock of the economic collapse on American Families and what many of them believed were their most unshakable investment vehicles their homes and their 401 k Retirement Savings plans. We begin today with the culture of wall street and the role that it played in the crash. If you had to pick someone to write the autopsy report on the wall street financial collapse in 2008, you couldnt do any better than Michael Lewis. He is one of the countrys preeminent nonfiction writers with a knack for turning complicated, mindnumbing material into fascinating yarns. He wrote his first best seller, liars poker, about his experiences as a young wall street bond trader