Pipeline on shore and hasnt stopped at this point. Crews are trying to contain the mess. Right now lets get to the market business of the morning. You can see this morning the futures are missed. Up by 5. 5 and nasdaq down by 0. 5. They say the country will not be able to make an imf payment due without its international lenders. The euro hitting a two week low on renewed concerns about athens debt and in Corporate News the Justice Department expected to announce a settlement with five of the worlds biggest banks. Theyre accused of rigging the currency market. Fines are seen topping 5 billion. The first out of the gate. The swiss bank says it will plead guilty and pay 545 million to u. S. Authorities. A possible change in u. S. Tax regulations would effect the spin off in alibaba. Its working toward the plan spin off in the Fourth Quarter and ads it understood the irs statement was not specific to the company. It was a statement made yesterday about shifts in how they were going to be
U. S. And afghanistan are mounting at this hour. There is a new report that claims afghan president is trying to broker a peace deal with the taliban. That deal would leave the u. S. Out of the picture all together. In washington, and mike, have we heard any response yet . Well, theres a briefing right now, and basically we have a lot of moving parts and people that are very angry about that report, who are slamming the obama administration, and they are handling of the sensitive negotiations now. They are at a standstill between the government and karzai. On the world stage, has stood in the way of much of what has tried to the ice is trying to accomplish given all of the blood and fresh sure that this country has spent in afghanistan. At 3 00 today, general joseph dunford, he is the commander of all International Forces in afghanistan, will be here at the white house to meet with the president , top officials from the pentagon, the secretary of state, the president , Vice President ,
Earlier about his plans. To do first thing i want and focus on is a ruthlessly thating any obstacle allows to innovate. Any individual in the organization can innovate. And then focus on innovation, on things my croissant can uniquely do. Microsoft can uniquely do. Lea thompson is taken over as chairman. Bill gates will John Thompson will take over as the chairman. Bill gates will stay on. I am glad sake a glad up. A has decided to step ill have a third of my Time Available to meet with product groups and it will be fun to do find this next round of products working together. I am joined by jon erlichman, who helped break this news from l. A. Tell us in the final hour how this decision officially came together. Important inoad is the context of this whole story. This was a Company Looking at other internal candidates. It were looking at ceos from other shops be in at the end of whoday they picked somebody knows bill gates, knows Steve Ballmer, has been there for over two decades. He sa
Technology that has u. S. Transportation officials and cars talking. For five full days, 300,000 people in West Virginia went without water after that toxic Chemical Spill. Now Congress Wants to know just how that managed to happen, and the senate has called all parties to washington. Robert ray is where it all started. What is the latest . Reporter the latest is big meeting on capitol hill this morning that started at 10 00. We are about two hours in. Its the Senate Committee on environment and public works, they have got a lot of questions that they have for West Virginia officials and scientists. But lets get right to some sound. We have the secretary of state natalie tenant who said this about an hour ago. One day were hold that the water is safe, the next day we hear that pregnant women should not drink it. It doesnt add up. Quite frankly people are fed up, they are angry, and thigh are scared. I have families telling me that they are melting snow just to be able to give their chi
Today. Nineup eight percent percent now. Bill, ime i get my gas have a mini heart attack. It may be major this month. We will get another couple of months of whether corrupted data from companies or the government. We could not sell as many was so cold it outside. In terms of the markets, turnaround tuesday seems to be in effect because the dow has recovered from the 326 point drop. The causes for weakness and emergingmarket concerns and the fed tapering, still in effect. Drop inlacher said the the past couple of days will not get into get in the way of the fed continuing the dialing down of the stimulus. Maybe what the market is crying out for. E want more qe the central banker was very vocal about how they are just going ahead and doing whatever is best for them and being selfish and not taking developing nations into account. We do. Microsoft looking out for number one, naming a new top spot. Stepeo bill gates will aside from his role as chairman of the board to devote more time as