Sales please welcome john legend john legend thank you which then allows us to lower expenses, and lower prices again please welcome tom cruise around the globe walmart is taking the lead in making a difference. Its a continuous loop. The American Dream has become a global concept. I think its our countrys best export usa usa usa 2012 was a good year for walmart. But it was a bad year for bangladesh. It experienced the deadliest factory fire in its history. Walmart shorts were among the clothes found in the charred remains. But the company escaped accountability and for many western retailers whose clothes are made in bangladesh, its business as usual. Fault lines travels there to investigate why. Anybody out there know how many zeros are in half a trillion dollars. Take it from a numbers guy, theyre a lot. The fire at the Tazreen Fashions factory last november started on the ground floor and quickly spread. At least 112 people died. Hundreds of others were injured. Many workers were t
Creditors are favorable for the governments package of new. The debt crisis has raised worries that greece might leave the eurozone but the president says that is not the cards. It is not discussed. It shows we have a Strong Political commitment to keep the eurozone intact to keep its integrity intact, and to Work Together strongly. I think that is key. If politicians dont have that determination, a gives a very strange and negative signal to the trust we have any monetary unit we have built. Betty the current bailout expires on saturday. Greece isnt the only country facing a cash crunch. Wartorn ukraine signaling it will need more money sooner. The International Monetary fund has promised and officials of indicated that might not be enough. Several countries are meeting and europe today to try to make both sides except a ceasefire deal as fragile as it is. Prosecutors want to know if the worlds biggest bank minute belated gold and silver prices. People familiar with the matter says 10
To speed up play and get a new generation to watch. One thing i can say for sure their Attention Span seems to be shorter than the rest of ours. Gerri eyeopening report on real estate and what you get for your money in various parts of the country. 95 grand in san diego. That one actually surprised me. Gerri all that and more coming up on the willis report where consumers are our business gerri a Supreme Court ruling that could have a very big impact on your 401 k . The high court is hearing a classaction suit filed against a california based Utility Company called Edison International. Now the suit claims companies didnt act in their employee best interests by picking 401 k funds with excessive fees. Here to weigh in, ric edelman of edelman financial. Welcome, rick. I want to start with different topic and well get to edison in a second. We talked yesterday about the effort by the administration to give brokers a higher standard for client portfolios. They call it fiduciary, but nobod
Welcome to countdown. Coming up you will look ahead to the market open. Lets give you some of these breaking headlines. From europes second largest Insurance Company, net income rises 12 on the year. They were looking for 5. 1 billion, so just a little bit low on that. Operating profit of 7 . The ceo says they are on track to meet their target. That is about delivering a doubledigit emergingmarket operating profit for 2015. He will see whether he stands by that. They have had a positive currency effect in 2015. A positive impact from the u. S. Dollar, from the hong kong dollar, and from this the swiss franc. That is something we will be investigating when we speak. The dividend is where it gets a little interesting. Bloomberg had a view on where the dividend would be, . 91 was our consensus estimate. The dividend comes in at . 95 so operating profit rises. Dividend is up, and of the ceo says they are on track to meet their strict target by the end of 2015. More on axa later. Olivia mal
If so, bailout funding will keep flowing to greece. If not, there will be another round of emergency talks late this week. On friday, the eurozone agreed to extend the bailout funds for another four months. We want we won the battle but not the war. The real difficulties including those related to the negotiations in our relationships with our partners are still ahead. Alexis tsipras says the new agreement wipes out previous pledges to cut wages, pension, government jobs. Security has been tight at the largest mall in the u. S. After a terrorist threat. The terror Group Alshabaab called for an attack on u. S. Canada and u. K. Specifically mentioning the mall of america new minneapolis. Jeh johnson says these are threats people must take seriously. If anyone is planning to go to the mall of America Today that to be particularly careful. As the statement you read indicates, the will be enhanced security that will be apparent federal security as well . There will be enhanced security. Joh