And so, as that is what we are going to urge you to do and with all of our energies we are going to keep on this case. We simply cannot spend years negotiating treaties, the treaty partner pokes holes in them. Allow the courts in switzerland to interpret their value away or minimize their value, to watch people we go after the provided the kind of immunity we have provided to them without insisting that we get the names from the banks we are providing amnesty to. All about the names, not about the hints. It is not about the Treasure Hunt. It is the Treasure Hunt. The treasure is the money that belongs to the u. S. Government. I use the word Treasure Hunt in two ways. One way, it is what we cant do, be diverted to a hunt with clues. In some sense it is a Treasure Hunt and if we win the treasure that is owed to uncle sam we are going to need a very Aggressive Department of justice and irs. We thank you both, thank you for your service, your work for our government. We urge you on with gr
For the dow. The blue chips slid 66 points yesterday. Making it 4 in a row of down days. The nasdaq gained 3 points and the s p fell 4 gold and oil both pulled back. Jp morgans problems pile on. The bank is reportedly in talks with the Justice Department about a 3 billion dollar settlment deal but. The goverment is said to be holding out for more money. Jpm faces 6 cases of fraud. And mcdonalds cheif marketing officer will step down early next year. According to the chicago tribune. Larry shover of sfg alternatives joins us now, and larry, what do you expect as far as buying and selling in the market today . Well i think its going to be more of the same. I mean the market even though weve had tight ranges, its been very volatile and i think at the end of the day, traders right now tend to be apathetic, bored as opposed to being necessarily negative. So i think its just more consolidation and digestion of whats happened over the last couple weeks. Theres volatility in the market, and ye
Temperatures. We saw some today and we will see some tomorrow. We are looking live now in san mateo, the sun is setting. Clear skies all over the bay area with the exception near the coastline where we did see some fog. I mentioned those record temperatures. We did set a few today. On the left hand side is our new record the High Temperature we hit today and the previous record on the right. 70degrees in santa rosa, beat the previous record by four degrees. We set new record in napa p downtown oakland 72, downtown San Francisco tied the previous record. We have potential for more record breaking temperatures tomorrow. Ill tell you more about that coming up in a bit. Offshore swell is creating big waves at San Franciscos ocean beach. Mentioned this a moment ago. A surface spectator came out to enjoy the action. The largest waves was 15 feet high and quite powerful. Some equipment such as surfboards were snapped. Surfers said todays condition was perfect. They are excited because the wav
I dont think a sign will stop a fight. Students in chicago heading back to school this morning, just months after dozens of schools are shut down. United nations inspectors are back at the site of a chemical attack in a suburb of the capitol city of damascus after their convoy was attacked this morning, the u. N. Said snipers shot multiple times at one of their vehicles. Thats even before they began their search for chemical weapons. British Prime Minister David Cameron is cutting short his holiday. Hell chair a u. K. Government Security Council meeting on the crisis in syria. The move comes just after defense secretary chuck hagel says the u. S. Military is in fact ready to act on president obamas orders. Security officials from 10 countries are meeting in jordan to discuss the best course in action in dealing with the crisis in syria. We go to mike in washington. What can you tell us about the Obama Administrations reaction to the crisis . The rhetoric has toughened in the five days
Wave hits . All that and more on nightly Business Report for friday, july 19th. Good evening everyone. Im sue herrera. Susie gharib is off tonight. The day after the largest municipality in the bankruptcy history and today, the reality how bad things are in detroit and how bad they can get. How much will bondholders recover and what about the pensions of current policemen, firemen and other city workers . The unknowns with the growing number of lawsuits being filed, they will likely take years to shake out. Brian sullivan is on the ground in detroit where city and state officials are hoping this drastic move will save the city. For years detroit is living on borrowed money and time and now it seems the city may have run out of both. Detroit filing the largest municipal bankruptcy in the United States listing billions in obligations, hundreds of millions in deficits and 100 thousand or more creditors. They blame the declining population, which sent the population down by more than half