osborn stick to his austerity plan as he details a 7 1/2 billion pounds cut. and the political drama heating up in australia as they vote to former prime minister mounting a challenge saying he ll leave the parliament if he loses the ballot. announcer: worldwide exchange, bringing you business news from around the globe. hi, everybody. welcome yes you re watching worldwide exchange . mario draghi the head of the ecb speaking as we re on air. he s in paris and giving a speech there and we re just looking at what he s saying. essentially he s saying we stand ready to act again when need be. he says there s limits to what monetary policy can achieve and monetary policy cannot create real economic growth. these are things he said in the past so far. european bank union is essential as well. this, of course, as finance ministers are meeting again today, eco fin taking on later on. we ll hear more from them later on. mario draghi speaking and we ll keep you up to date what h
and that s all hitting the tape just by 10:00 eastern. so, we have got a lot to get to. i m going to send it over to scott in the meantime. scott? andrew, thanks so much. in other market headlines, a number of prospective borrowers shelved deals to raise new capital or refinance debt yesterday. suddenly, an uncertain interest rate environment is hitting demand. they are collectively aimed at raising money were postponed. and a number of companies pulled plans to refinance syndicated bank loons. corporate bonds passed a fourth deal with no deals brought to market. the emerging major market nations are teaming up to limit the fallout of u.s. fed withdraw withdrawal. it s a little early for that. it s a little nearly the morning. we re all there. it s not working too well. don t worry about it. specifically, the brics say they will work together to limit the effects a strong dollar could have on their economies. the presidents of china and brazil talking via teleph
a panel on independent bookselling. that is our lineup for today live from the gaithersburg book festival on the grounds of gaithersburg city hall. here is john turner. good morning. welcome to the gaithersburg fourth annual book festival. my name is johnny susman and i make gaithersburg resident. gaithersburg is the vibrant diversity that celebrates and supports the arts and humanities. we are pleased to bring you this event, free of charge thanks to the generous support of our sponsor so please visit them today and say thanks. a couple of quick announcements of consideration for everyone here. please silence all of your devices. in order to keep improving his event we need your feedback. surveys are available on our web site paired your thoughts are important to us so please take a couple of minutes to fill one out. by submitting a survey you ll be entered into a drawing for a net e-reader. john turner will be signing books immediately after this presentation. copies of h
the deepest and darkest phase of days of the crisis was the fall of 2008. you wrote a book on that in a number of people have. i wanted to try and capture a different story and that is only part. this global story first of all of how what started as what we thought of as the housing crisis in the united states and the financial crisis became this global towards european union unity has portion the british economy for years and years and had this global reach that has affected almost everybody on earth and i wanted to tell that through the story that would be most logical which is the global bankers who again and again have been the ones who have tried to corral this rapidly spreading fire and tried try to contain it whether it s in europe with the eurozone crisis that is endangered that continent or the u.s. with bernanke and the federal reserve so i view a lot of the books written in 2,002,009 that capture that intense remarkable crisis at the starting point and try to captu
patents. shares of smartphone rallies it may unveil two new phones early next month. okay. welcome to worldwide exchange . just me again. kelly still away. plenty to get through on today s program. apple and samsung forced to take their products off the shelves after yesterday s court verdict. one analyst says suspension of sales won t have a lasting impact. we ve got potentially upward revision for uk gdp. be second reading will be released in half an hour from now. how do the rich stay rich? find out what millionaires think about the state of the global economy and where they are investing their money. we ll be out to boston to speak to fidelity about its latest survey. first angela merkel and francois hollande delivered a strong wording to greece after meeting in berlin on thursday. the leaders insist greece must show reform in return for patience from europe s leaders. speaking at a press conference, merkel maintained it was important that greece stood by their commi