Wants to stave off what it calls a rising crisis. Announcer youre watching Worldwide Exchange, bringing us Business News from around the globe. A very good morning to you. Its all about the banks today. Lets kick off with the standard charter. The asian focused bank down 1. 3 today. It says low single digit growth if both revenue and operating profit was hit by rising impairments in its korean market. Lloyds reported a rise in profits the first nine months of the year. The british financial said it had reduced costs and impairment charges, but it set aside another 750 Million Pound provision for ppi missed selling in the quarter. Those numbers just keep racking up. Deutsche in frankfurt, currently down 2. 4 . A 98 drop in quarterly pretax profits from a year earlier, which missed expectations. The german lender hit by 1. 2 billion euro increase again in litigation provisions and ubs, the bigger fall here, currently down 5. 5 at the moment in zurich. Third quarter earnings were above fo
Although commercial aviation business. As if the stock is up 6. 23. Substantial gain a percentage basis as well. While the major indices are in the red, the dow transport average on track for its sixth Straight Record close. Nicole petallides on the new york stock exchange. Look at that. Nicole watch in the presentation and next so closely. It shows obviously when you see the economy looking up, a lot of these stocks do well hitting new highs on track for the six record close today. Up more than half a percent for the dow jones transportation index made up of as were watching these names closely, it is made up of the truckers, the shippers, the airlines, rail. These names are doing so well. Six a quarter percent right now that particular stock up over 5. Kansas city southern up a gain of over 2 . Some of these airlines up 40, 50 , even 100 year to date. This group has done very well as we are setting up for the sixth Straight Record close for that particular index. Rtu. Cheryl i will b
And this increase is a line with inflation to ensure that the level of funding will keep pace overtime. The reason i say these things is we stressed this morning the absolute criticality of a strong federal partnership, predictability of funding and significantly increased federal funding to help, to earn the tide to turn the tide on this. I want to make a clear we appreciate and respect at the local level we need to step up and do our part as well. So thats what you see on the part of our commonwealth. So what ill say is that things have certainly gotten much better but we, and were continuing but we are definitely in a great need of continued support by the federal government. On the side of, i want to take a little bit now, state of good repair, fix it first, commonsense must happen. But at the same time we cannot wind up only looking at the whole as i said, and that the donut. That means we also have to make new targeted investment for growth. For us the most notable of those proje
That we can report to the treasury, got to do something. Were down to less than 1 in most cases for those journal voucher entries and its got to get lower than that. So. I understand that i understand the accounting part has to account for something. How is the Management Structure holding those individuals accountable that arent provides pretty basic information . One of the benefits of the audit is its raising the visibility to our commanders. I doubt they knew that these things existed. Some of them still dont. They will if they flunk the audit as bob speer said and my ol colleagues have said, this has become part of the readiness of the military. The vice chiefs are asking questions of their commanders. And if were having trouble with journal vouchers, theyll be asking questions of them. Do any of you want to add to this . Youre making my point. You should go ahead and audit. Were ready to go. Everything im seeing is were just talking about getting audit ready. Its a milestone on t
Of ways that it can have an impact, both on the hiring and employee side, as well as on the owner side. On the hiring side, setting standards for hiring contracts with vendors can set a high bar for companies that are receiving the Public Airways to live up to those sorts of standards on the structure that can impact the ownership side. Perverting competition. He surely set off structures that allow for small women and minor minor owned businesses to create compete in the auctions. You may not have all the ideas but we are interested in finding out what other ideas can be brought forward and celebrate the chamber recently reinstating the Advisory Committee on diversity and digital empowerment. Those are the sorts of things we love to see at the fcc where stakeholders can come together and come up with other tactics to promote diversity. Thank you chairman, my time is up. , we hear from senator blackburn. Thank you mr. Chairman. I want to thank our witnesses for being here to talk about