Overall, stocks are moving slightly higher ahead of the opening bell. Remember, this is a shortened day of trading because of the july 4th holiday. The market closes at 1 00 p. M. Eastern for the fourth of july. We are remembering an icon in the Business World. The ultimate salesman of all time, lee iacocca, has died at the age of 94. Hes best known as the father of the mustang and for saving the company chrysler. Well have much more on his impact throughout the morning. Varney company starts right now. David President Trump is changing the annual fourth of July Celebration in the Washington Mall thursday. It will include a flyover by military aircraft, more fireworks and the president will even give a speech of his own. The president is already tweeting about it. Quote, our july 4th salute to america at the Lincoln Memorial is looking to be really big. It will be the show of a lifetime. You can bet on that. Joining us is brad blakeman, former Deputy Assistant to george w. Bush, and so
Becoming the head of the european commission. The french get a vague drawl and the germans get a big draw. Both of them are women. This will have to be ratified by the european parliament. Still weeks to go. Not clear if this could fly if it were to be put to a vote. David wise to warn us. We do not want to get ahead of ourselves. If this comes to pass the way it looks like it might, what does that say about the ecb. It is terribly important to markets all around the world. There were reports we would have a german in that position who could be more conservative. What we know about Christine Lagarde as the head of the ecb . Maria two things. She is the head of the imap but she is not a central banker. If you look at the European Central bank, another former haveician, benny voices quite many poisons have questioned whether you are looking at a central bank that have become increasingly politicized. If you look at the market reaction, it is a different story because of lagarde gets this
The s p is fairly flat, up by 1 10 of 1 . 1 . We are keeping a firm eye on brussels. European leaders are at work again. They just started there may meeting to decide to leave the European Council and european commission, and by extension, the European Central bank. The current head of the imf is being talked about seriously as a contender to take over from mario draghi. Lets get the latest from maria. The main meeting has started after a series of side meetings. What we know on account of how much information we have at this point . Maria in terms of official information, we have nothing. It is speculation swirling around. Weve spoken to a number of diplomats who say Christine Lagarde is being considered to her crate replace mario draghi. She was now the name of the running yesterday, but appears to be now the frontrunner. Conditionality, if Angela Merkel manages to get her defense minister to become the next commission president. Surprise. She was not on the list. The good thing, it
Road near highway 101. Chopper 5 is live overhead. The first reports indicating it was the chp involved in this case. You can see that Law Enforcement is down there. It looks like somebody may be on a gurney. You can see all of the damage done to the front end of that vehicle. Both vehicles. It looks like someone may be injured. Again, this is the end of a Police Pursuit ending in rah headon crash. It looks like at least one Person Injured in this crash. We are starting to get some details coming into our news room. As soon as we get more information, we will share that with you. In other news, protestors around the bay area and across the country urging lawmakers to close the camp. They claim the immigrant detention facilities are inhumane. Good afternoon, everybody. Kenny is off today. Lets get right over to kpix 5 n anci e protest going on in . Rorter a ophecrsenator di feinstein. Ill let you take a look at some of their signs. We have people of all different ages and ethnicities he
Hes the author of many books, including peace works the citizens role in ending the cold war peace a history of movements and ideas and as the springboard for this session, a peaceful superpower. Lessons from the Worlds Largest Antiwar Movement, which was just published this year on the 20th anniversary. More or less of the start of the u. S. War in iraq and i think all of you who registered in advance for the conference received a pdf of that of that book. From 1978 to 1988. David was the executive director of sane first and then sane freeze after. The two organizations merged. He was an antivietnam war activist as an an enlisted soldier, and he was later in 2000 to a founder of win without war, which he discusses in the in the book a peaceful superpower. We will next go to my right, carolyn, rusty isenberg, who is professor of history at hofstra university. She just published this year fire and rain, nixon, kissinger and the wars in southeast asia. Her first book drawing the line the