Rally here dow surging 260 points s p rising 1. 5 and the nasdaq gaining 1. 78 . Because mario draghi recognizes the low to no level of Economic Growth was just unacceptable. So hes throwing a trillion euros at the problem to stimulate the more abundant economies, even if it means taking down a lot of debt so more products can be sold overseas. Will it work . Oh for heavens sake who knows. The fact is six years after our central bank decided its not acceptable to have high unemployment, the europeans, maybe even the germans, theyre getting the message. Hey, worked for us. Stop debating that. It did. Could work for them. Its occurring not a moment too soon, though. You will hear a lot of whining from people who clearly dont own any stocks this is all bad. Where will it lead to interest lates are too low. Theyre too low already and this is papering over the problem. I could care less. Im here to help you make money. Im no professor. Let me explain something. We are so lucky in this count
Via dialup. With the latest is fox businesss own jo ling kent. Nice one melissa. Aol has come a long way since you got mail. Verizon is buying the company for 4. 4 billion, about 50 a share which is a 23 premium on the stock t will turn the largest u. S. Wireless carrier to leading provider of mobile video content. Ceo Tim Armstrong will continue to lead company at least for now. Verizon announced it would launch a Video Service over the summer for mobile devices with hopes to increase revenue. According to reuters verizons chief financial sister said it will be paid content aimed at younger viewers. Aol will play into. To tap into the growing digital ad market as well possibly driving more competition with facebook and google. The move will also allow verdicts to rival at ts pending acquisition of at t which bets on mobile video. Analysts do not love the move for aols stock. Analysts at Cantor Fitzgerald and ever core both downgraded shares of aol despite this aol shares are jumping.
Cricket world cup semifinals in sydney. Hello. Relatives of victims from the Germanwings Flight which crashed in the french alps are themselves now traveling to reach the site of the accident. And as they make their way there, reports have been emerging that the black box audio recordings from flight 9525 point to one pilot being locked out of the cockpit before the plane came down. Sources close to the investigation are quoted as saying the cockpit door was heard to be opened and closed followed by the sound of someone knocking increasingly loudly but with no reply from inside the cabin. The germanwings plane, of course, left barcelona on tuesday. It was bound for dusseldorf in northern german and crashed in the alps. Pulling together all the latest developments lisa hamperly. Reporter as the investigation at the site of the crash continues, experts in paris have been analyzing material gathered from the airplanes cockpit voice recorder. The New York Times and the French News Agency a
Connell markets now begins. It is all about syria. You have to look at the fact here that we are seeing today. We only have four days left in the month of august. The dow is off session lows. We did get a report for june home prices. Higher Mortgage Rates definitely affecting the housing markets. Moments ago, we got a statement from the sec. A spokesman saying that the chairwoman will meet the head of the exchanges and regulators. They will talk about addressing the market data. Connell that will be something to follow up on. Chuck hagel speaking out saying the United States is prepared to strike syria the use of chemical weapons by the assad regime was undeniable. A foregone conclusion at this point. It certainly seems that way. I have been through this rodeo a lot of times. They do seem like they have crossed. Connell the type of strike becomes the question. Maybe a twoday strike or a couple days. You are in and out. This is important for u. S. Credibility. They won the argument. Do
Carrying crude oil jumps the track. Just look at that. Now fears of contamination as oil leaks into a nearby river. What this means for the water supply. And dangerous and deadly cold continues to grip most of the u. S. As the south gets hit with more snow and ice. All you can say is it is no good. Hello. Thank you for joining me. John berman is off today. New this morning, the president S Immigration plans under fire. A federal judge in south texas blocked the president s executive action a day before some measures were set to take effect. The block may be temporary. The Obama Administration is planning its next move as we speak. This is a victory for the 26 states that filed the lawsuit. Theyre in the yellow on the map there. That is a majority of the states in the country essentially taking the president to court. The Supreme Court reporter is here with more on this. This has a lot of peoples attention obviously. Not just politics of it but really the effect of the policy thats now