Chancellor chancellor Angela Merkel says germany must take the lead in europes migration crisis. She says the country has a special responsibility to protect the achievements of european integration. Good evening and welcome to the program. Tonight, u. S. Monetary policy has entered a new phase. Where the first time in nearly a decade, rates are now on the rise. The hike of 25 basis points was expected but the fallout is anything but certain. So here is where things stand. The benchmark lending rate is eing increased from a quarter to a half of a percent. But do not expect anything earth shattering in the next few months. The fed says any further increases are going to be slow as it monitors the u. S. Economy and the impact on jobs. We are joined now by our Senior Business editor and our wall street correspondent who joins us from new york. This is a relatively small hike. Guest it is definitely small, but it is a big deal. Janet yellen has said it is important we do not over blow the
It is Market Makers on Bloomberg Television. I am Olivia Sterns in for stephanie. I am thrilled to be here. The emmys are on tonight. There is a great big canada story in the news. Data could be a huge story. If tim horton gets taken over once again by an American Burger chain. It is about the Housing Market. New july homes are in. We have an on extent did unexpected drop. In july they actually fell 2. 4 . Decline inecond as many months. Analysts and economists we surveyed were expecting an increase to 430,000. It this 412,000 is the fewest since march. This is the lower than the lowest estimate. The Housing Market is recovering in fits and starts. I am just looking. U. S. Stocks continue to rally higher. We are at the best levels of the day. The s p 500 is one point away from reaching 2000. Dampenedto not have anything. This is a disappointing read on housing. Scarlet fu with the latest on the Housing Market. These the top business stories around the world. It will be tougher to make
Here is ceo tim cook on the conference call. Interest in apple products is at an alltime high with half a billion customer visits in the first quarter. Demand for iphone has been staggering, shattering our high expectation driven by the unprecedented popularity of iphone 6 and iphone 6 plus. Staggering is right. As cook mentioned, iphones are flying off the shelves. The company sold 74. 5 million in the quarter. Maybe the only negative note was a decline in ipad sales. The Biggest Development is the success apple has seen in china, where sales are up 70 yearoveryear, opening another potential growth area. For more, i spoke with Piper Jaffrays gene munster. I asked about the whopping iphone number. I wondered what was the catch, if there was some sort of channel fill in their or some explanation. It could just not be that good of a number. It turns out that it was a clean number, that they did not fill the channel. Even though Investor Expectations were for high 60 million. That 74 mill
composite. there you see it just off the shore that. was from early this morning. as we set it into motion, yes, pretty much out of here. you saw the breaks in the clouds and we saw a lot of sunshine today. and daytime heating. let s take a look at what is left over there on ocean city on the coastline. some pretty heavy surf four to six-foot waves and dangerous rip currents. not too many people in the water and if they r they re just at the edge. taking a look at us for tonight, 64 degrees, mostly cloudy, couple showers are still possible, maybe a few storms. but that will be out of here by tomorrow. we ll talk about the forecast and your two degrees guarantee, coming up. back to you. the contend s life work was not championed . after a moving funeral in his home state of massachusetts, senator ted kennedy was eulogized in washington, d.c. on capitol hill. he did so much there to influence life in this country over the last half century. tonight family, friends and fans