And im Stephanie Ruhle. Lets start today with the latest on the plane crash in ukraine. The government there is trading accusations with russia over who shut down the Malaysian Airlines jet with a total of 298 people aboard. At this hour, the Un Security Council is meeting to meet to talk about the tragedy as the investigation gets underway and president obama will officially speak about it at 11 30 a. M. We will have it live here on bloomberg. It to ryanlets take chilcote, on the phone with us from kiev. Latest . He the latest is that at the time of the crash after the time of the crash, they have begun the rather grim task of recovering the body. The bodies. 298 people were on that flight, so they have a lot of work ahead of them. The crash site spreads over about 10 square miles. The plane is very high up. That is where you get such a spread of debris. The bodies will be transferred from there to a city, which is under the federal governments control. You see how confusing it all ge
First time that the house has passed xl legislation. The question is whether it can be any further. Days into the lame duck session, it gives special exemptions to all of the other type lines and all the oil and bass activity. That makes very little sense. Is the real Battle Ground on capitol hill, the senate, where the democratic leadership is letting the vote go forward since tuesday. Mary landrieu faces a tough runoff to keep her seat in the pro oil state of indiana. Even if it does pass, president obamas signature is in doubt. He weighed in 8,000 miles away during a press conference in myanmar. I have been declared. My position hasnt changed. And this is a process that has to be followed. The state Department Said that the review plays out. Once in nebraska, the possible route. And then headline supporters on its benefits. I have to constantly push back against this idea that somehow the keystone pine line is a massive job bill, or lowering gas prices. Upwards what it is. Its provi
I am alix steel. Have you done the bucket challenge . I have not. I would not mind donating money. I do not see myself doing the bucket challenge. I challenge you. You are like the seventh person and i am still not going to do it. Going to existing home sales for the month of july. Scarlet fu in the newsroom with headlines. For the month of july economist looking for a drop. Instead what we got was an unexpected increase month over month. Existing sales rose 2. 4 from a month ago. In terms of an actual number, 5. 1 5 million, higher than what economists had been looking for. I was told 5. 1 five millions the highest level since october. Some good news on the housing front. We know the Federal Reserve had been siding housing and weakness, but concern is the slowdown as you look at the rotter economy. Another index is the leading index of Economic Indicators higher than anticipated as well. Again of. 9 . A gain of. 9 . Falling more than anticipated to below 300,000, a sevenyear low and e
Americas economy may be the worlds largest, but second place china is growing at a much faster rate, that boosts growth in the rest of the globe. Thats why a slowdown in china is already being felt here america and around the world. Today we learned that chinas growth in investment, retail sales and factory output slumped to multiyear lows snachl news out of china helped fuel a big drop in stocks today with the dow shedding 231 points in trading. The broader s p 500 fell 1. 2 . Some markets in europe and asia witnessed even bigger losses. This comes out of a string of news in china. Investors reacted specifically to some unusually frank comments by chinas leader. He warned of severe challenges facing chinas economy in 2014. Including soaring corporate debt, possible real estate bubble, and an economic slowdown. When the pee mere himself says the economy will grow by in his words about 7. 5 this year, people take that seriously. The u. S. Is expected to grow by about 2. 8 this year. So
This is israel you are the most important part of the show, so join our live conversation for the next half on twitter, if you like facebook, i real all of your comments. Americas economy may be the worlds largest, but second place china is growing at a much faster rate, that boosts growth in the rest of the globe. Thats why a slowdown in china is already being felt here america and around the world. Today we learned that chinas growth in investment, retail sales and factory output slumped to multiyear lows snachl news out of china helped fuel a big drop in stocks today with the dow shedding 231 points in trading. The broader s p 500 fell 1. 2 . Some markets in europe and asia witnessed even bigger losses. This comes out of a string of news in china. Investors reacted specifically to some unusually frank comments by chinas leader. He warned of severe challenges facing chinas economy in 2014. Including soaring corporate debt, possible real estate bubble, and an economic slowdown. When t