Raising more concerns. And billionaire charles koch says he is not supporting donald trump. Koch along with his brother, they have said they would spend hundreds of millions of dollars to put a republican in the white house. But the money will now go to helping republican congressional candidates. Those are some of the top stories on this monday, august 1st. From abc news, this is world news now. We begin this half hour with plans to fight the spread of the zika virus in florida. This afternoon, governor rick scott is hosting a preparedness round table. In the meantime, spraying has increased hopes of keeping the virus contained. This after officials confirmed what are believed to be the first locally transmitted zika cases in the u. S. Eva pilgrim has more from miami. Reporter south florida on edge, waiting on test results to hear if more people have zika virus. Its really scary. Reporter so far four people confirmed with zika virus. At least four bitten by mosquitos in this one squar
Overshadowed by senator ted cruzs decision not to endorse his former rival donald trump in a defiant primetime speech. Senator cruz if you love our country and left your children as much as i know that you do, stand and speak and vote your conscienence, vote for c candids of and down the ticket who you trust to defend our freedom and to be faithful to the constitution. Amy we will get the latest from the rnc, and we will host a the Republican Party stance on lgbtq issues. All that and more, coming up. Welcome to democracy now, democracynow. Org breaking with convention war, peace, and the presidency. The turkey president has declared tens of thousands of public employees, including soldiers, police officers, and tens of thousands of teachers have been fired. Some have been arrested. In the turkish capital of ankara, erdogan supporters say they welcomed the decision. If he deemed the state of emergency necessary, it is the best option. Hopefully we will overcome this under his leadershi
I will choose the u. S. Dollar, pulling back after the fed minutes yesterday and also investors pushing out the odds of the Federal Reserve rates. It is now done around three or sent from its most recent highs that it reached in july and yes, we are seeing the oil winning streak continue up for the sixth straight session. Wti trading above 48 per barrel. Opec meeting the expectations next month, also a part of it. We have been on an incredible roller coaster when it comes to oil prices. Take a look at a oneyear chart. Chart and mapped the top and bottom changes we have seen. From october to february, 95 rebound from february to this summer, a 20 rebound most recently. We have an incredible zigzag and you see the most recent zigzag is compressed in terms of time. On august 2 that oil reached its shortterm low and reentered the bear market. Are not seeing a lot of change. Stocks are bouncing around a lot of tight range today. The s p gaining a little theme, the nasdaq as well. Energy sha
Sales are a much smaller part of the market than existing home sales. Look at the stock market, we continue to see declines for the major averages. Steady withlatively those declines. You got the doubt leading the drop you got the dow leading the drop. Theave been watching evolving situation of oil and its interplay with stocks. On bloomberg look here, you have Consumer Staples as the least worst group today, but energy is the worst performer, down by nearly 1 . Industrials also following suit. One of the large Oil Companies, if you look at how they are trading, exxon, mobile, we will hear from more of these companies in the next couple of weeks. Halliburtons trading higher. That Company Coming out with preliminary numbers late on friday. Company is booking reportyed its earnings to may 3 from april 26 because the deadline is by the end of the month. Analysts are saying that that deal is not going to go through. Getting to oil prices themselves, we had an unusual trade this morning. Oi
Its the Biggest Company no one has heard of it almost every american probably comes into contact with a. But theres georgiapacific lumber like so many other products you are a consumer of the industries and it was an epic fight who is going to have the control of the company that the father started and the two that lost out are the ones you dont hear about. Host what do bill and fred do . Guest he started up his business of fossil fuels. It has call and gas. He has his company that had a different kind of coke and fred is a shy philanthropist who is very interested in the arts and gives money to all kinds of cultural institutions because the other brothers are splashy and like to get attention and david cokes is known to everybody in new york city because he is ablaze and on so many institutions but he likes to get attention for its where his older friend is quite quiet about it. Host when you refer to fred as artistic or you saying that hes gay . Guest i wouldnt say that i know becaus