Im ali velshi and this is real money. This is real money, and you are the most important part of the show, so tell me whats on your mind by tweeting me at ali velshi or hit me up on facebook. Com. The bricks are trying to throw their weight around and challenge the dominance of the world bank and the International Monetary fund. Im talking about the biggest emerging markets in the world, brazil, russia, india, china and south africa. And their leaders are holding a summit in brazil this week. And today unveiled plans for a new bank to finance Infrastructure Projects in the developing world and a reserve fund for financial emergencies. Youre going to hear more about those in a moment. For now, these five countries that i just showed you are home to 3 billion people, 40 of the worlds population and has 20 of the worlds economic output. This is four times of what their contribution to the World Economy was in 2002. A recent United Nations report said by 2020, the combined output of china,
Welcome to countdown. I am mark barton. And i am anna edwards. We will start by telling you about some of the big interviews that are coming up on bloomberg television. George soros will be sitting down on on the move. We will talk with tony fernandez. We are expecting to get earnings any moment from prudential, the u. K. s biggest insurer by market value. Nothing coming through at the moment but the numbers are coming. This is an asianfocused business. Half of its revenues come from asian markets. They got a boost from the South East Asia part of their business so it will be interesting to see if any more comes through. As far as stock performing, year to date they are up 1. 6 . In line with the overall european insurance market. Not moving all that much. The impact of changing into a macro environment, all of that will be covered. Well will wait for numbers when they materialize. Later we will be talking to prudentials ceo. That is during the pulse a little later. The ukrainian Prime
Flight 270. More than 200th people on board. Begin in the ukraine, where prorussian separatists have been blamed for shooting down a military helicopter. Acting president Oleksander Turchinov says 14 people were killed including an army general when the helicopter was shot down by the village of slaviansk. He says they carried out the attack with a portable defense missile. Details are still coming into the newsroom and we will have an update with our correspondence in the next halfhour correspondents in the next halfhour. Russia has signed a deal to make an economic agreement with belarus and kazakstan. In the capital of belarus, Vladimir Putin said that the three countries are headed for a fundamental new level of cooperation. For more on just what this means, i am joined by our editor douglas herbert. Is ans through this, this Economic Union that has been created, but many people say that there is a very Strong Political agenda behind this. Very political, lets start now with econom
Our road map begins with jp and goldman reporting earnings beating the top and bottom lines. Stogs up this morning, but theres warnings beneath the numbers. It is official, reynolds buys lorillard. The industry copes with declining demand. Yellen on the hill as investors watch the fed chairs comments on Interest Rates and improving American Labor market. Two components in the banking sector, 401 a share driven by higher revenue, and investing and lending business, and jpmorgan with q2 profits at 146, and Ceo Jamie Dimon says it was encouraging at the end of the quarter adding he believes consumers and businesses are better and the labor market is showing improve. And, in fact, addressing the media on call, he said, you look too depressed sometimes. The economy is actually improving at a slow, but steady pace. I liked what he said. It was funny how hes right, by the way. Theres a quote in the call that said towards the end of the Second Quarter, encouraging signs across the businesses i
Lawmakers are expected to press yellen for a timetable when rates rise for making progress. Really to talk all things fed and the economy, we have Paul Macaulay joining us on set for two hours, starting at 7 00 eastern time. Then at 8 15 eastern time, we have senator Heidi Heitkamp. Also in our lineup, gard bernstein and larry kudlow. Both of them will testify today at a hearing. Andrew, ill send it over to you. Thank you, becky. Its nice to see were altogether, everybody. Were all back together. Lets talk about Corporate News this morning. The Justice Department reportedly investigating possible pricing coordination among Music Publishing companies. The wall street journal reporting that the doj is now reviewing decades old rules. Joe, are you a pandora user . No. Thats half of what this is about. Theres a view that sony some some of the other guys have gotten together and tried to make the price of music and i know you listen to all these songs on satellite radio and elsewhere. For n