And we be the calculations show that this can be funded especially in the federal gears with no addition at all to the deficit. Finally preschool for all promotes access to all day kindergarten and encourages the expansion of highquality programs to include kids only in low income populations but middleclass as well. We also have a 250 milliondollar Grant Program for preschool development which will help save local agencies and governments build a fundamental component of that highquality preschool program. You heard it hear first applicationhere firstapplicatioe at the end of july for that program. We will continue to work with you and states and communities to ensure that our youngest citizens have access to learning and pay paradigm for success in school and life. Let me turn to the teachers. The president s plan for 2015 continues and built upon a significant focus on teaching and learning from the administrations first term. Several years ago the administration officially launched
Smartphone maker. Samsung losing ground to apple. And some some electronics posting the biggest drop in quarterly profit in almost five years. Is as samsung struggled to maintain its leadership in the smartphone business. Its other divisions are now putting these in the spotlight. The Company Announced yesterday it plans to build a 15 billion chip plant in south korea. For more on samsungs involving our guest joins me now. In mu of the smartphone sales, the chip business is doing well. It is. One of the things happening with chip sales and specifically memory is that you have a consolidated market. You have fewer suppliers. There is not much supply coming on line, and as a result prices are controlled. And demand is ok. Lots of memory going into smartphones and tablets, and even the pc business. The good old pc business. Exactly. They are not dead yet. Fewer players control pricing, and so they are doing fine. As one business struggles with samsung, they are trying to pivot to the chip
Stock market got clocked at the opening because of weakness in japan. Its always somewhere there. We got a second straight drop in growth for a quarter and thats enough to trigger an official designation of a country in recession. Thats right, even after the japanese government pulled out all the stops, hasnt seemed to matter. Growth too hard to come by. By mid morning a wave of buying came in to take advantage of the decline. The dow closed up 13 points, the s p advanced. 07 but the nasdaq declin declined. I get the weakness. The ripple effects from japan or china, wherever else its come from where felt throughout europe where growth seems nonexistence and can only get worse. That weakness infected the overnight markets as the case for years and years and everything was drenched in red ink. The Early Morning selling is plain stupid because after the selling wave hits the scores, the positive situation that is unique to america and america alone in this world. First, unlike, say, japan
Now it will move to the senate for a vote later this week. A report says the attack on the consolidatonthe consulate id have been prevented. And renewing a 380 million pledge to help syrians affected by the war. The United Nations says 2. 4 billion has been raised so far. Im tony harris, ali velshi is next with real money on al jazeera america. Youve got good credit but no luck getting a loan to buy a house. Your luck may be about to change. Ill tell i couldnt banks might be in a lending mood. Report card time for your investments. What this earning season says about our economy and your chance of landing a job. Plus we check out a factory in the rust belt that makes robots. Im ali velshi, this is real money. This is real money. Youre the pos most important pt of the show. Join us on twitter and facebook. Seven years after the bubble burst americas Housing Market is back on its feet fueled in part by a streak of historically low Interest Rates. Ironically tougher lending standards made
This is real money. Thats our big concern. As i said, we continue to work with mr. Emerson to see if we can find something that works for lenders like him but that dont fuel the increasing cost of Title Insurance which is too high for home buyers. Recently i met with a group of missouri bankers who came to my office after they had been to visit some representatives over in their building and my bankers were talking about things that were talking about this morning. Qm rule. They were told by the representatives that they were the 41st group to meet with them and basically the gist of the conversation at the end of it was that thank you for coming. We know more about the effects of whats going to happen to the bo borrowers, lenders and market than you do. As a result of that, a number of my delegation members wrote to the director and he responded back to us and madame chair, i would like those two letters made as part of the record. Without objection. In the letter the director indicat