57 newsroom at cbs news headquarters here in new york. Good to be with you. Im annemarie green. Well, this morning a search is under way after a powerful earthquake hit iraq and iran last night. More than 300 people in both countries were killed. More than 2,800 people were in injured and most of the injuries were in iran. Hena doba is in new york with more. Good morning, hena. Good morning, annemarie. The 7. 3 magnitude quake was centered along the northern border between iran and iraq. Magnitude 7 quakes are capable of widespread heavy damage. The worst damage appears to be in the mountains of western iran. At least 14 provinces in iran were affected. The quake was so powerful, it was felt as far west as the mediterranean coast. Most of the victims are in a town ten miles from the border where the main hospital was severely damaged. Some villages lost power and communications. Now rescue efforts are being hampered by landslides. There is extensive damage on the iraqi side of the bord
In the south bay, you can see it is headed through palo alto with some showers and it will be raining a little bit down there, as well. It will be pretty much on and off all day with a cloudy start and light showers and more showers later today. Dont put your umbrellas away and keep your rain boots out. Rain off and on this week. You might as well keep them out all week. Jaclyn . Slowdowns for drivers along the east shore freeway. This is a motorcycle crash that just came in a couple of minutes ago and quickly backed up traffic almost two highway 37. You are in for a slow ride and we are looking at delays of about 11 minutes from the parkway to the cartagenes bridge , a 17 minute ride with emergency crews on the bridge. East bound, if you are going that way, be prepared. When you get past that on the east for on the east shore freeway, you are in the green to the bay bridge toll plaza. Quite the backup is developing due to the shift change with cash lanes backed up. In the green to San
Yes, prime minister. Australia vote strongly for samesex marriage. Theolm turnbull calls results overwhelming and unequivocal. Yvonne plenty of breaking news in the last couple minutes. Japan gdp missing estimates slightly. Withhite house coming out the statement endorsing the house version of this attack tax reform bill. Lots of questions about how they can iron out differences between what the senate once in the house. And of the senate wants, the house. It might be down to the Corporate Tax rate. Which is why the white house might be leaning toward the house version. They do this policy, stress it would cut the Corporate Tax rate to 20 . There had been discussion whether that would be higher. The white house leaning toward the Corporate Tax rate of 20 . We will see what happens thursday. At least one gop representative said they have the votes to pass this. Yvonne we got breaking lines on airbus, according to people familiar with the manner matter. There is a deal for 430 jets with
Publication next week. It includes plans to nationalise parts of the Energy Industry shares in the company that owns flat chat plunge. And we going to link to some advice from one of singapore s most unusual entrepreneurs. It is a thursday, everyone. Good morning, asia and hello, world. What a crash shares in snap, Parent Company of snapchat have fallen over 20 in after hours trading on wall street. This pitfall comes after they reported losses of over 2 billion us in its first quarterly results. What happened after its redhot share sale in march . Earlier our correspondent told us how it went from being a Market Darling to being shunned by investors. In the latest earning reports snapchat has grown by Less Tha N Earning Reports Snapchat has grown by less than 5 which is not enough to keep anyone happy. Revenue has not been high enough and, like you said, they had a huge loss. So while that was big hope that they could provide competition to facebook in the future on this early evidenc
Zooming exports and crumbling classrooms. The paradox of germanys lopsided economy. Plus will iran Stay Open For Business . Conservatives pledge to roll back rouhanis reforms, as companies nervously await next weeks president ial election. Welcome to World Business report. Im Tanya Beckett. Also coming up, playing for big steaks. China agrees to buy us beef as trade talks continue. But first we start in europes economic powerhouse, because in a couple of hours time, germany will release its latest gdp figures. Growth is expected to have accelerated in the first three months of the year, fuelled by Global Demand for the countrys exports, like cars and machinery. But its not all cause for celebration. Let me show you why. Last year, germany clocked up its biggest ever trade surplus. Thats how much more it exports than it imports. At 275 billion germany has one of the biggest Trade Surpluses in the world. Its a source of tension with its neighbours and allies. Look at how much more german