Held by a house to oversight subcommittee, this is an hour and a half. All right, good morning, everyone. And welcome to our hearing in oversight and information subcommittee on energy and commerce. Finish the subcommittee convenes its hearing today to examine unimplemented recommendations by the Environmental Protection agencys office of Inspector General and Government Accountability office. Acting on these recommendations would improve epas ability to carry out its core mission. Protecting human health and the environment. This mission is never more important than during times of National Disaster Natural Disaster like the one in the gulf coast or experiencing right now in Hurricane Harvey or about to hit with another hurricane in the florida coast. First of all, on behalf of the committee i want to express my son sincere sorry to everyone impacted by the storm. Hurricane harvey is one of the worst National Disasters the United States has ever faced, and its still too early to tell
Coast is experiencing now with harvey and about to hit with another hurricane in the florida coast. First of all, on behalf of the committee, i want to express my sincere sorrow to everyone impacted by the storm. Harvey is one of the worst National Disasters the United States has ever faced and is still too early to tell the full extent of the devastations that has displaced thousands of people. Members of this committee on both sides of the aisle represent constituents experiencing loss and destruction from the storm and our thoughts and prayers are with these families as they begin to rebuild their lives from this national tragedy. During the storm and in the aftermath, epa continues to play a Critical Role in the federal response to harvey. While epa is still in the midst of initial response efforts, its work has only just begun. We look forward to monitoring the agencys response to the disaster and learn the full extent of the Environmental Impact and challenges that lie ahead. The
And europe is hurting especially spain. Lets start with the markets and the stocks set to open in the red as the dow and s p are on pace for their worst week in a month and a half following a slide in several emerging markets and the international currencies. Microsoft set to open in the green after reporting stronger than expected profits. And starbucks getting a jolt set to om higher after First Quarter earnings top estimates and starbucks raised its guidance for the rest of the year and well talk to the chairman and ceo shoulder shultz later on this hour. First up, though, futures are falling one day after the 176point drop in the dow and the s p on track for a second week in declines in the wake of the selloff in emerging market assets. Slower Growth Prospects in china and various local political issues among the key factors. Of particular note a big drop in currencies like the lira which hit a record low against the dollar this morning and the argentinean peso. It has authorized c
With overseas markets in focus, morningstars International Stock fund manager of the year will tell us which companies he thinks can ride out the storm and make money for you. All that and more tonight on nightly Business Report for friday, january 24th. Good evening, everyone. An ugly day for stocks on wall street and all around the world. The dow tumbled more than 300 points but stocks in europe and asia were down. The worries started yesterday as we reported on concerns about a slow down in chinas economy. Rolls royce in latin america and other countries big trading partners in china. Add to that lackluster corporate news. The dow fell 118 points. The nasdaq down 90 and the s p lost 38 points. Bob pisani has more on todays Market Action from the new york stock exchange. Reporter it was another tough day for the markets. The second day theres been concerns over emerging markets. But its really a concern about china. Theres lots of reasons why traders dont like china. But the main pro
Missing Malaysian Air flight. There are now more calls to install new technology so that passenger planes will always be in communication with an airport as we were discussing here yesterday. Absolutely. But get this, joining us today is a former pilot who has flown that same route between c cue kuala lumpur and beijing. An exclusive interview with john watson. His company just announcing it will be cutting production three years from now. Why . And whats changed . Well get answers to that. His view on oil prices and a lot more coming up with the ceo again just after the close. And two doctors with very different views will be joining us. One who says hydrowill start killing people the moment it is released. Its a highly controversial drug thats received fda approval. There are plenty of people who say it should not have. Remember the sgr thats a pretty powerful statement. First to markets where the dow off 80 points as we speak. Nasdaq off about 3 4 of 1 . Down 32 points. And the s p