What are we covering . Is janet yellen going to be trumped in terms of what is happening with russia question mark we saw a russia . We will talk more in a moment. I am looking at the eu and the u. S. Both of ratcheted up sanctions against russia. Ofwas the sanction individuals and a handful of companies, and has gotten much broader. Were talking about a lot of companies, some of them very big. One of those companies that has been sanctioned is the Worlds Largest publicly traded producer. Web some breaking news for you. Sap biggest Business Software company in the world saying that operating profit was 1. 2 4 billion euros, shy of analyst estimates. This is a company that is trying to change itself around with getting a reorganization. They are trying to focus in on the cloud. Saying secondquarter software and Services Revenue [inaudible] we have operating margin ahead of our missed estimates. Where speaking to the chief executive of how much they can push the cloud. We were talking ab
President obamas new round of sanctions, warning that measures would back fire and bring u. S. Russian relation toes a dead end, causing serious damage. As for the russian market reactions, take a look. Stocks in moscow were down sharply in early trading. You can see theyre down by 4. 3 . Later in the show, senator bob corker will be joining us. He is a member of the Foreign Relations committee. Hes been calling for tougher sanctions on russia. Well have more of that coming up. Right now, lets get over to andrew with more of todays corporate stories. Good morning, becky. Ge, former parent of this network, reportedly seeking buyers for appliance unit. It tried to do this back in 2008. It scrapped those plans, though, given the financial environment at the time. Ges Ceo Jeff Immelt promised investors to divert interests that arent seen as core. The company is set to post quart ily results before the bell toll. Well bring thou to you. If you have a dishwasher or a washing machine or you k
Of a rate hike coming a little sooner than expected. Nasdaq biggest loser on percentage basis. Iraq back on the offensive, launching a massive operation to drive isis out of the Anbar Province. It is a region isis has controlled for 10 days since seizing the city of ramadi 70 miles west of baghdad. The announcement comes just days after u. S. Defense secretary ash carter blamed the iraq army for losing the city. What apparently happened was that the iraqi forces just showed no will to fight. They were not outnumbered. But in fact they vastly outnumbered the opposing force. We have an issue with the will of iraqis to fight isil and defend themselves. The Obama Administration has already tried to mend fences with Vice President joe biden calling iraqs Prime Minister to praise the troops bravery. Im joined by david asman and judy miller of the manhattan institute. She is fox news contributor. Also author of the story. Monica crowley is here. Wash on times online opinion editor and fox new
Shenzhen composite is up more than 100 just this year a doubling. Take a look at that. Is this the place to be for growth or is china becoming a dangerous bubble ready to pop . Well talk to a couple of guests about that. Is this the chinese 1990s right now theyre going through . Plus the return of the cable king himself, john malone behind the 55 57 79 billion charter Time Warner Cable deal could this move drive more companies to merge in that industry . Well be talking about that in a little while. Its amazing. Hes back. He was very patient. He laid back. They made that initial offer for Time Warner Cable a couple years ago and comcast outbid them but now he got it after all. One of the countrys most interesting capitalists. Well have much more on that story coming up. Incredible negotiator. Lets start with where the markets are right now as indicated. The dow is off 240 points today. That puts it back below 18,000. Its also below the 50day moving average which everybody on the floor
World cup sponsors put pressure on fifa to make radical reforms on accusations of corruption. Referendum psychology, David Cameron asked britain to vote yes if it wants to stay in the european union. The Prime Minister heads to the eu to set out changes he is looking for in the uks relationship. Caroline good morning and welcome to countdown. Im Caroline Hyde. We bring you on the story of how he is bringing you the story. First, finance ministers and central bankers from the g7 nations met in dressed in today for the annual finance summit. Discussions on the Economic Growth and sustainability are on the agenda, but greece is turning out to be the talking point. Hans nichols is addressed and with more great this g7 meeting seems to be shaping up as a blame game. Hans there is going to be blame is there is no deal if there is no deal. They are quite far apart from a deal. Yesterday there was a flood in the market when news of a draft proposal was close. The eu shot that down and the fren