Else that can top the most recent travestry well, wall street comes up with a new one that makes you feel like its not worth it to be involved in our stock market. I cant tell you how many times i have come out here on days when there was bad news involving Insider Trading or flash crashes and say to myself how can people take this anymore . The abuse. The answer, frankly theres really no other choice. You simply cant make enough money in any other asset class. Particularly bond where is the rates are so, so low. To be able to retire or take that trip you want. Pay for tuition. Bonds cant pay for that tuition. You have to own stocks. You know what you need, though, you need a survival handbook. Thats what im giving you tonight. First, scandal is not new to wall street. Stock markets mechanisms havent always been smooth. The 87 market crash. I traded through that. That had more to do with machines going wild than anyone remembers. It looked like the economy was going to get weak because
June. The data suggests that they will sit tight for the time being. And alcoa gets the u. S. Earnings season off to a good start. Posted better than expected adjusted results and also backing its Global Demand forecasts. Warm welcome. It is tuesday, the 9th of july. Plenty to come on todays show. Well be in egypt. Protesters are expected to take to the streets again today. Could a timetable for elections bring some stability . Expansion is back on the agenda. This is according to the latest cfo survey from deloitte. Are those in top jobs all talk and no action . Well talk at 10 30 cet. Alcoa kicked off u. S. Earnings season on a bullish note. But what can we expect from others . Well get a view there. The head of the worlds Biggest Exchange operator terry duffy, president of cme group joins us in studio. Has his eye on an m a deal. Tune in to find out. Thoughts or comments about any of those views, please email us at worldwide cnbc. Com. First up, greece is being granted another round
The Senate Foreign relations committee, new jersey democrat bob menendez. Plus, our political roundtable on the fights back home. The Obama Administration decides to postpone a key part of the president S Health Care law. Critics claim its the latest evidence that the law should be repealed. And the fight over Immigration Reform now moves to the house. I talk to a key republican lawmaker involved in the negotiations, congressman Raul Labrador of idaho. Good sunday morning. We want to go to our developing story this morning. Tom costello covers aviation for nbc news. Hes got the latest on the tragic crash landing in San Francisco that claimed the lives of two chinese citizens and sent 182 passengers to area hospitals. Tom, as you have done some initial reporting, what is what they know tell us about what happened . Reporter this is Asiana Airlines flight 214 coming from seoul in south korea, 10 1 2hour flight into San Francisco airport, and on approach at about 11 27 yesterday morning o
What does the president of the airline know that perhaps investigators havent yet ascertained . Has he been speaking with his crew . Has the crew already suggested what the cause of this was . Was it crew cents a share thats going to be very much the focus of the investigation. The ntsb has already now recovered the black box and the cockpit voice and flight data recorders. Theyll be on their way to washington, d. C. , and they hope theyll learn from those what was being said and discussed in the cockpit but also what was happening on all those avionic flight data screens in front of them in the cockpit. Tom costello starting us off this morning. Thanks very much. The chairman of the ntsb, who is on the ground in san francisco, Debby Hersman joins me now. Chairman, youve said this morning off lot of good information to start going through. Describe what that is. Well, we have a good number of survivors, and i think were very thankful that the numbers were not worse when it came to fata
It came by surprise on a sleepy hot summer friday, americas first black president slipping into the Briefing Room for his most personal speech yet on race. No teleprompter, few notes. As the debate over Trayvon Martins death roiled the country, he would speak from the heart on being a black man in america. There are very few africanamerican men who havent had the experience of being follow followed shopping at a department store. That includes me. Very few africanamerican men who havent had the experience of walking across the street and hearing the locks click on the doors of cars. Thats happened to me, at least before i was a senator. A remarkable admission sparked by questions. Did Trayvon Martin die because he was black . Was George Zimmerman acquitted because he was not . That contributes to a sense that if a white male teen was involved in the same kind of scenario, that from top to bottom, both the outcome and the aftermath might have been different. I just ask people to conside