Good morning and welcome to Al Jazeera America, im stephanie sy, a gridlock between the u. S. And iran is broken but Officials Say the difficult part is still to come and they are reacting to a milestone and a deal in geneva that eliminates the Nuclear Program and paves the way for further steps. Translator it has been written clearly in the text of this agreement that iran will continue its enrichment and therefore i announce to the people of iran that enrichment will continue in the same way as before. Reporter praise for rihani as they celebrate on the streets and the foreign minister is ambassador for peace on his return from geneva. In the u. S. There is skepticism and shows iran that the white house is weak. I think you are going to see on capitol hill again a by partisan effort to try to make sure this is not the final agreement because people know this administration is strong on announcements and long on announcements and short on follow through. This is an interim deal and Ob
Derailed. Thats about 45 miles west of fargo. Smoke can be seen up to 20 miles away. Residents within five miles of the fire have been evacuated and urged to evacuate, rather, and residents within ten miles have been told to stay indoors. Both trains are owned by Berkshire Hathaways bnsf. No injuries so far have been reported. We should say the fire will likely raise some concerns, though, about the increasing volumes of crude that are shipped by rail. Right now, more than twothirds of the states Oil Production is shipped by rail. Were going to go to michelle with more of the top news stories. Happy new year. Its nice to ring it in with you, andrew. Its very nice to be here. Warren Buffetts Berkshire hathaway is buying philipps 66. Berkshire reported owning about 27. 1 million shares of philips 6 6 at the end of september. That stake is worth just over 2 billion. A phillips 66 filing said it would be getting 19 million of those shares in explaining for the specialty product focusing on
Lay out his turnaround plan for the business. And wpp weak margins. The ceo says he should have done more in emerging markets. They are our most profitable markets now. I think over the coming years well be more aggressive and if theres one thing i regret about the last ten years, its that we didnt go faster. And a split picture for two of the worlds biggest asset managers, pimco owner allianz suffers. Okay, welcome to the thursday edition of Worldwide Exchange, plenty to get through today. Im looking at the Russian Military exercises down at the ukrainian border, 100,000 troops. Posturing, 150,000. Exactly. Well talk about that. Also on todays show qantas lays out plans to cut jobs and grounds some of its fleet after a disappointing set of numbers. Well get the latest from sydney. As weve been saying the russian flag is raised over the crimea Regional Parliament building. Well be in moscow for the latest. And some positive news from retailers stateside, jcpenney swings to a profit in
Yesterday you saw a slight decline for the dow. That was breaking after broke a threeday winning streak we saw going on for the two indices. The nasdaq looked to be down 7 points, the s p are 4 points below fair value. In corporate news, the in the in the is reporting that gm officials increasingly believe that Ceo Mary Barra will be cleared in the wrongdoing in the crisis. The automakers internal probe is expected to name individuals and departments within the Company Responsible for that delayed recall. The investigation will also recommend corporate and personnel changes. In the meantime, gm is apologizing to the families of accident victims who have received recall notices for the replacement of detect fektive ignition switches. Some families who lost relatives in fatal crashes have claimed that gm should not have sent them notices to bring in cars for repairs. Andrew . It looks like mississippi is headed for a runoff in the republican race for senate. John harwood joins us with an
Federal reserve. Nicole petallides, and we need you to stay healthy. Lets look at major markets, Dow Jones Industrials down again, 6 did a row below 15,000. Fourteen thousand nine sixtythree, a loss of 40 points. The nasdaq managing to squeeze out fractionally, the isnt the 500 lower. And retailers, American Eagle outfitters, j. C. Penney and down arrows, homebuilders after a good existing home sales, as you noted with an non federal some should today and later in the week jackson hole, some Economic News as well that we will be touching on. Connell all right, nicole. Latest developments here, football on your phone. This is a good story. Google wants to be part of it. Much has been made about this directv at making the rounds starring the manning brothers looking ridiculous. If you think they look like geeks how about these guys . Larry page to be the owner of your monday ticket. The contract is up with directv and the nfl after the 2014 season so that leaves the door open. Google cou