Use the cspan chat. On facebook we are using the question would paul ryan make a good president. Here, hostedr him by the Iowa Republican party. [inaudible] [no audio] tonights keynote speaker at the lincoln dinner, the iol Republican Party, he is there near the stage. Paul ryan. The congressman from wisconsin. The chair of the budget committee. We are asking the question, would paul ryan make a good president. You can share your comments and opinions during this remark tonight. A couple of remarks we have gotten, amy says based on the budget he is trying to pass, im going to say no. Cody writes paul ryan is an intelligent man and he would be an ok president. Share your opinions and comments at facebook. Com. As things get underway, and as can and as things continue throughout the night. [no audio] whats your name . Scott. Where you from . Cedar falls. Whats your name . Day. Likes nice to meet you. Another one . It didnt take. Did you get it . You bet. Whats your name . Christie. Did y
Hour, if you take a look, youll see right now they are indicated higher. Theyll open up by about 32 points. Plus, take a look at oil pries this morning. Youll see at least right now theyre trading down slightly, down by about 42 cents. Youre looking at wti trading above 106. Right now, 106. 48. On todays agenda, the may consumer Housing Starts coming up and the fomc begins a twoday policy meeting. Andrew, over to you. Thank you, becky. I feel whippinded. People that have not done this dont realize the feeling that you can have. Where youre running and then you have to talk. Really bad idea. And i will say 90 seconds ago, none of us were on set. I always move a little slow. Its frightening, too, because you have to key breathing. Its a real panic. Thanks for putting that out there. We were laughing so hard. Anyway i was trying. I was trying to use the natural breaks. You can take your time coming back. Relax. Well continue that in just a second. Lets get you caught up with some of the c
Ignored again . Thats why we thought this problem was fixed last time. And then we worked over the course of the last two years to try to get the reforms that both sides of the aisle enacted. Lowell braynard told me they were not going to interact with the subsidies right across in the treasury department. In the meantime while we wait for reform to be implemented and find out its not going to be implemented, how many jobs will we lose in the interim . Were going to lose thousands. Thats why our position has changed. Last time, we thought we had it fixed. Now our position is if theres not a stop on widebody financing for stateowned. I appreciate that, mr. Wilburn, what youre doing, i appreciate your service as well as your entrepreneurial spirit. I just have one bone to pick with you. I know you say youre a free markettype of guy. I think you said i pledged my collateral, you can only pledge that once. And i get that. But i guesses that the way the free markets work. If i have an idea
Believe its necessary to your Business Model, i accept that. But how is that fair to the other millions and millions of Small Businesses who sell to americans who dont get their products subsidized to the federal government . Sir, id love to compete on a fair basis in america with my Green Technology to take bio gas into methane. I dont get a subsidy. I take exception to your remark. But my point is does xm not subsa die finance for your products . I dont believe that im subsidized. I dont believe that at all. Yes, sir. Let me speak to that point, if i may, mr. Chairman with all due respect. And i do respect you from the bottom of my heart. My point is, you asked a question. I cant sell my technology here because theres barriers to entry to the market. And the barriers to the entry of the market is the oil and gas industry who subsidize the 15 oil and gas depletion allowance. I dont get that as a producer. I can but my bio and gas mr. Wilburn, wed be willing to work with you and be muc
The ceo of the unit steps down. Samsung flags up a sharp drop in profits for q2 as consumers in china and europe hang up the hand set. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome to worldwide exchange. U. S. Regulators look to be turning their sights on germany on a crackdown on some of europes biggest banks. They have begun settlement discussions with commerzbank. The bank could be facing a fine around 500 million as part of the settlement. I believe in their latest financial accounts, theyve provisioned around 930 Million Euros for this. Given what weve seen from bmp, what does this turn out to be the size of the fine . Moving on, air france has cut its guidance. The profits this year could be 12 lower than expected, mainly as a result of overcapacity. Shares are trading lower, bringing down other Airline Stocks in sympathy. Weve got aig down just shy of 3. 75 . Ez jet lower by 2. 5 , too. I guess we shouldnt be surpri