Good morning from the studio 57 newsroom at cbs headquarters in new york. Im annemarie green. This morning theres a search after a powerful earthquake hit the area last night. More than 300 people in both countries were killed. More than 2,800 people were in injured and most of the injuries were in iran. Good morning, man re. The 7. 3 magnitude quake was centered along the northern border between iran and iraq. Magnitude 7 quakes are capable of widespread heavy damage. The worst damage seems to be in the mountains of western iran. The quake was so powerful it was felt as far west as the mediterranean coast. Most of the victims are in a town ten miles from the border where the main hospital was severely damaged. Some villages lost power and communications. Now rescue efforts are being hampered by landslides. There is extensive damage on the iraqi side of the border as well. One Health Minister described the situation as very critical. Now, following the main quake, at least 50 aftershoc
57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Well, this morning a search is under way after a powerful earthquake hit iraq and iran last night. More than 300 people in both countries were killed. More than 2,800 people were in injured and most of the injuries were in iran. Hena doba is in new york with more. Good morning, hena. Good morning, annemarie. The 7. 3 magnitude quake was centered along the northern border between iran and iraq. Magnitude 7 quakes are capable of widespread heavy damage. The worst damage appears to be in the mountains of western iran. At least 14 provinces in iran were affected. The quake was so powerful, it was felt as far west as the mediterranean coast. Most of the victims are in a town ten miles from the border where the main hospital was severely damaged. Some villages lost power and communications. Now rescue efforts are being hampered by landslides. There is extensive damage on the iraqi side of the bord
Provocation. We have been provoked reporter President Trump talking about north Korean Nuclear and missile tests did some old provoking of his own on twitter. Why would kim jongun insult me by calling me old mr. Trump tweeted when i would never call him short and fat. At a press conference with vietnams president , he was asked if belligerence can change to friendship. Stranger things have happened. After a meeting with vladimir putin, the president said he believed putins claim that russia did not meddle in the 2016 election. Today mr. Trump tried to clarify. I believe he feels that he and russia did not meddle in the election. As to whether i believe it or not, im with our agencies. Reporter only yesterday the president cast doubt on the intelligence agencies assessment. The president then explained why he did not press the point with pew tin. Im not looking to stand and argue with someone when theres cameras all around and recording our conversation. Having russia in a friendly post
Seen in the dow just since yesterdays highs. We talked yesterday about the outside reversal we had and what that meant technically. Art cashin among others really focused on what this has looked like from a trading point of view even as people are arguing about the fundamentals and speaking of which, lets talk about a couple wacky things going on in this marnth. Ket. Well get you all angles covered. Why are mining stocks being routed . How come retail sales look so weak when gas prices are so low . Will europe come to the rescue next week with their version of quantitative easing . And does all of this add up to a global economy, bill thats healthy or in trouble . Let me show you the stock market and then we can talk about oil as well. The dow industrials as we said down 258 right now, a decline of almost 1. 5 . S p down 21 points. Decline of more than 1 at this hour. The nasdaq is doing better than the three. Down 39 points or about 0. 85 at 4622. Show you oil very quickly. Late today
Enough in its recall of more than 1 million cars and the issue could prove costly. We have all that and more tonight on nightly Business Report for this thursday, february 27th. Good evening, everyone. Im susie gharib. And im bill griffeth. Look forward to an interview. Meantime soothing words today from janet yellen, new chair of the Federal Reserve to testified today before the Senate Banking committee about the strength of the u. S. Economy right now. That sent the s p 500 to a new record closing high today. Ms. Yellen told lawmakers and wall street that she is staying the course right now. She will continue to taper back on the Central Banks asset buying Stimulus Program and keep record low Interest Rates right where they are. But shes also keeping an eye on whether the winter unrelenting snow and bitterly cold temperatures have been responsible for the slowdown in job growth and Consumer Spending that weve seen, or if theyre indicate of a larger longterm problem in the economy. Th