Manipulation, there is some propaganda, there is a lot of repression, but it is also a genuine perception that putin has made the country more stable. Glor we continue with steven cook of the council of Foreign Relations and talk about the recent saudi arabianled block aid of qatar and what it means for the middle east and the u. S. The qatarys are going to be isolated from the region. There is too much mistrust now among the leaders of these countries for them to repair the relationship in a way where there is constructive cooperation, common interests that the saudis and the emiratis will be willing to work with the qatarys, the egyptian, and vice versaa. Glor conclude with personal technology comist Walt Mossberg. He talked to charlie about hits recent retirement and career in journalism. I feel very comfortable wit. I really think of it and ease planned when i announced it as a reinvention. Thats not a rhetorical dodge. Every so often, you have to reinvent yourself and, so, when i
Here is a look. The idea the state is more important than the people is not new. Russians have had a collective identity. For us, it is a collective concept. We consider ourselves to be part of the whole. To be russian means to share the same cultural and historic identity. For years, he inspired the kremlins ideology. He says the elected identity comes from patriotism, projection of power, and respect for rule. Putin taps into all three. Connecting it to its imperial grandeur. It is not something additional or artificial. It is not something additional or artificial because it is our breath, our skin, our organic way of life. Today, the kremlin uses the patriotism to convince the population and convince them that only a powerful state can protect them from enemies. Enemy number one, the u. S. America is on the brink of the revolution. Reporter they accuse the u. S. Of humiliating russia are expanding nato to russian borders and supporting revolutions in former soviet states and satell
Jihadi messages online and he was allowed to come back to america. A jihadi came back and planted bombs, immigration and terror. Trump implies that his extreme vetting would keep rahami out. Hillary clinton says that trumps position helps the terrorists. And no change in the migrants, obama repeated it. A migrant surge, janet yellen speaks and a very hostile congress. Its a big show for you. Varney company is about to begin. Now, the market is not focusing on terror or the riot in charlotte, its what the worlds central bankers are up to. Thats what counts today. There is a new policy from the central bankers in japan. They want to get Interest Rates back up. I repeat, back up to zero. How about that . And this afternoon, janet yellen will announce Interest Rate policy from us here. Take a look at the prices. Were opening higher for the stock market. Oil 44 a barrel. The latest read on supplies comes at 10 30 and that could move the markets again. 44 a barrel, slightly higher. Now this,
It is 8 00 a. M. At disney headquarters headquarters 11 00 a. M. In new york and this is squawk alley. Welcome to squawk alley for a tuesday. Dow down 109. Breaking news to start the hour. This time on ford. Phil lebeau is in chicago with that. Ford in a move expected for months is announcing that it is building a new small car plant in mexico. This plant will be located in the san luis section of mexico an investment of 1. 6 billion. It will create 2800 jobs with cars expected to roll off that Assembly Line in 2018. Some of those cars will be sold in the u. S. And sx ported to other countries away the world. No doubt is this a move that will get a lot of attention on the campaign trail from the president ial candidates. Just a couple weeks ago, heres what donald trump had it say about ford and its plans to expand around the world. Companies are leaving our country rapidly. Rapidly. Whether its carrier air conditioning whether its ford whether its eaton. I was in cleveland and eaton co
The yen soaring on the news. Does that excite you . With kelly here. Kelly can yes she loves currency stuff. Its crazy. Talking about 108 . Just the move. Look at that chart. I dont have a lot of insight. But i think it is remarkable that it can get whip sawed like that. Everybody piles in thinking it can only get weaker and then here we go. Live by the sword, die by the sword. Anyone putting their foot on the accelerate anywhere around the world is usually a boost and i thought really . This causes us to go down . Well the turnaround for japan. It was interesting when they did the negative rates thing in the first place. And everyones trying to do the same thing. But it was that moment they went negative you actually started to see things go the other way and it hasnt stopped since. When they go negative. Politicians do that a lot. They promise to not do that. I have to say two things. Can i compliment you this morning on two things . The tie and the haircut. Thank you. And dye job ho