As thousands protest against the president ial candidacy of the front runner peru. The front runners in the democratic and republican president ial contest both suffered defeats in the latest u. S. Primary in the state of wisconsin. Democratic president ial candidate Bernie Sanders picked up another win over Hillary Clinton and on the republican side ted cruz won against the front runner donald trump. Cruz called it a turning point in the republican president ial race. Reporter it was a decisive victory for ted cruz in wisconsin defeating front runner donald trump in the states primary. It was a win cruz promised would change the course of the republican race for the white house. Tonight was a bad night for Hillary Clinton. It was a bad night in the democratic primary and it was an even worse night for her in the republican primary. [ cheers ] were winning. Because were uniting the Republican Party. Reporter the Cruz Campaign claims the latest victory will propel him to win future stat
Why would the United States break from the Gold Standard in 1933 . In 1944, World Leaders designed a blueprint for a new International Monetary order a an dependent upon the strength of the american dollar. What led to the collapse of the heralded Bretton Woods agreements . 2002 a new cuencywent into circulation in 12 countries of the European Union. Would the w eu challenge the dollar as the worlds reigng currency . In a global marketplace, our economy depends on the International Value of the dollar. It affects how much weay for foreign goods and w we our exports sell overseas. Xcnge ras what ithe wo isolr wowithhe helofcomics analyst richard gill welexamine that questio onhis edition of economics u a. Im davischoumacher. It is only in recent years at excnge scould ry from y toay. Generaons, exchangeates were fixedancuencies freelycoertie ol to cast aside the edictability of the fixed Exchange Rate systemwas coidered moren unusua it was nearly unthinkae. Why enin 1933, woule uniteds
S p up by just under 2 points. In Global Market headlines, chinas Manufacturing Sector strengthened further. Mixed signals in important areas, including export orders suggest that any recovery will be gradual. Take a look at what happened overnight in asia. Youll see that shanghai and hang seng were barely higher. The nikkei was down by 0. 8 . The big news out of europe this morning, royal bank of scotland, rbs announcing it will move 61 billion of toxic assets into an internal bad bank. The early european trading this morning, youve got some red arrows. But thats only down by about 16 points. Well see what happens as we get further into the trading day. Well have more from Ross Westgate in just a few minutes. Andrew, over the to you. Thank you, becky. We have Corporate News this morning, as well. Aigs corporate earnings top wall street. Some analysts were looking for better results in the companys consumer line business. The ceo was on the closing bell yesterday talking about the econ
With overseas markets in focus, morningstars International Stock fund manager of the year will tell us which companies he thinks can ride out the storm and make money for you. All that and more tonight on nightly Business Report for friday, january 24th. Good evening, everyone. An ugly day for stocks on wall street and all around the world. The dow tumbled more than 300 points but stocks in europe and asia were down. The worries started yesterday as we reported on concerns about a slow down in chinas economy. Rolls royce in latin america and other countries big trading partners in china. Add to that lackluster corporate news. The dow fell 118 points. The nasdaq down 90 and the s p lost 38 points. Bob pisani has more on todays Market Action from the new york stock exchange. Reporter it was another tough day for the markets. The second day theres been concerns over emerging markets. But its really a concern about china. Theres lots of reasons why traders dont like china. But the main pro
Will tell us which companies he thinks can ride out the storm and make money for you. All that and more tonight on nightly Business Report for friday, january 24th. Good evening, everyone. An ugly day for stocks on wall street and all around the world. The dow tumbled more than 300 points but stocks in europe and asia were down. The worries started yesterday as we reported on concerns about a slow down in chinas economy. Rolls royce in latin america and other countries big trading partners in china. Add to that lackluster corporate news. The dow fell 118 points. The nasdaq down 90 and the s p lost 38 points. Bob pisani has more on todays Market Action from the new york stock exchange. Reporter it was another tough day for the markets. The second day theres been concerns over emerging markets. But its really a concern about china. Theres lots of reasons why traders dont like china. But the main problem is that its a bit of a black box. Not only is there economic uncertainty, theres a la