China you get a rate cut. That is being fed into the effects in terms of asia trading. We saw chinese shares in hong kong up the most this year. Mario draghi bolstered that saying he would revive inflation as fast as possible. He had better. We are expecting inflation data to show it slowed once again in europe. Meanwhile you have china, and 42 of the World Economy is stimulating. How bad are things . Is there nervousness creeping in because of the steps that need to be taken by the World Economy. We have the outcome of that potentially 21 billion euro fund. We have the euro currently near a twoyear close. Stocks will extend a twomonth high. We are waiting for germany to open. Keep an eye on the looks of aviva. Will we see Friends Life Group that deal . Lets bring you breaking news around the French Energy sector. Has named an interim chairman and ceo. Interesting news coming in from the french market. We will bring you more as that develops. That is how markets are shaping up. Lets ha
Peter cook is on capitol hill, previewing the republican response to tonights state of the union as we ask who is joni ernst. We begin with Phil Mattingly on president obamas six address to congress. We always knew the state of the union was going to be heavy on economics. We learn that focus would include major tax increases on some of the countrys highest earners in order to pay for tax breaks for the middle and lower income. Those tax increases would include the Capital Gains rate for couples earning more than 500,000 a year. It will move from 20 to 28 . It will target money that comes after the death of an individual. That would have a new Capital Gains rate applied to it. They will try to move some of that money towards the middle class. Despite the great topline economic numbers the middle class is still struggling. If republicans are opposed what is the strategy . Republicans wasted little time coming out against these proposals. They say it is an attack on the wealthy. Theres a
Beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. And its costing billions and billions to tap into it. With all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. Let me be blunt is it your hope to prevent a switch away from oil . Somebody said the country is the oil business. I mean, you absolutely need to do this for your own survival. And whats wrong with that . [ticking] when the u. S. Oil companies came here in the 40s and 50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. They created a replica of american suburbia. Today you could be in the outskirts of houston or los angeles. Its almost like its an enclave within saudi arabia. Itsdifferent from the rest of the country. Yes, thats true, because very different. It kept a lot of the american ways. Yes, of course. But block
Corporate funding is provided by mutual of america designing customized individual and Group Retirement products. Thats why we are your retirement company. Additional support is provided by and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. From the tisch wnet studios in Lincoln Center in new york, hari sreenivasan. Sreenivasan good evening and thanks for joining us. Protesters marched in cleveland today after Police Officer Michael Brelo was found not guilty on all counts in the shooting deaths of two black, unarmed suspects. Brelo was among the 13 officers who fired 137 bullets at a car during and after a highspeed chase in november of 2012. Once the suspects stopped, brelo jumped onto the hood and fired 15 rounds into the windshield. 43yearold driver Timothy Russell and 30yearold passenger Malissa Williams were killed. This morning, judge John Odonnell spent nearly an hour explaining that officer brelos bullets c
No problems on Doppler Radar but the cold front just off to the north and west. This has become the big weather maker late tomorrow afternoon. Just in time for the rushhour commute as it pushes across the midatlantic snow showers, snow squalls, a potential of a dusting, some may see up to an inch of snow. It will not last very long, and behind it a big push a very cold air. The coldest air we have had so far this season. 7 00 in the morning, 15 degrees noon time about 30. The cold front from the west. 5 00 in the afternoon, temperatures in the 30s and rapidly falling. Thanks, steve. You will wake up with frozen roadways tomorrow morning. Add to that the piles of snow on the ground and it could make for a wet and dangerous commute. Jay korff has been checking on the plows and he is live in dale city. What is the word . Leon, this neighborhood residents say a plow has not touch this roadway. They are concerned about the refreeze and it will be treacherous in the morning. Some dale City R