How he escaped and hard times for london financial high flyer sentenced to prison for 14 years for manipulating Interest Rates. Good to have you with us. No more can the world say that the u. S. Is not getting serious about Climate Change. Today president obama unvailed his clean power plant which for the first time will severely restrict and reduce carbon emissions. Renew energy laid out by the president as he warned his country not to wait any longer on fighting Climate Change. The move has been welcomed by europe and the u. N. The president declared war on coal. Heres part of what obama had to say. President obama were the first generation to feel climate chat and the last generation to do something about it. And thats why i committed the United States to leading the world on this challenge. That if we dont get it right we may not be able to reverse. And we may not be able to adapt sufficiently. There is such a thing as being too late when it comes to Climate Change. And today were
But risk remain. History was made today in cuba where the American Flag is flying over the u. S. Embassy for the first time in 54 years. A flag raising ceremony took place this morning in havana. John kerry was there. He is the highest ranking u. S. Official to visit cuba since the roosevelt administration. Melissa chan is there. Tell us more about todays events. Reporter well tony, i think that first surreal moment for me at least when we really realized these two countries finally have developed a relationship is that moment when the u. S. Band in a morning ceremony started playing the Cuban National anthem. Something you couldnt have envisioned a year or two years ago. First surreal moment. Then, the fact there were three American Marines back in 1961 who had to take down that flag. An incredible fact was that they were at the ceremony to participate and help raise that flag up again. Something that hasnt been seen in havana in four years. So really, incredible. And when we heard th
Boosts guidance shares higher. Disney, cbs and fox slapped with downgrades at wells fargo and sprint ditches contracts. Youll hear what the ceo had to say about that. Walmart did miss the q 2 results. The retail giant also lowering the fullyear guidance. Home depot raising their full year outlook. Revenues beat consensus with total comps up 4. 2. A year ago up 6. 4. People said today its hard for walmart to argue the consumer is weak when depot is killing it. Home depot is remarkable. They dont put up new stores. The technology, salesforce. Com, the merchandising, the staff, the energy, the low cost, the fast in and out, contractors coming back, the amount of money being spent on a call. The Conference Call will explain the areas theyre doing better. This is a juggernaut. Home depot is probably the best right now in terms of this kind of big box. Walmart. Its not the worse we have. You went down there. I thought the moment was selfafacing about what they have to do. I watched that inte
A little more epic than it is now. There is plenty else going on. The outflow has continued, everyone else is can trying to reenact react. Laws the vietnam vietnamese, you see big things like that, you know things are happening. These are the two things for today. You have china going on, and he said and the fed. They are two big weights. Ways, they said is looking to move policy, and so are the chinese. People feeling that any stimulus would signify a worsening in the economy. The good news is we get Federal Reserve minutes. How much where they worried about chinese stocks then . We did not know how they were responding to the evaluation the valuation. Guy we have a great show. We will be talking about greece. One vote in the netherlands and another in germany, we will run you through those. Lets continue the conversation surrounding the asian market with juliet. Juliet good morning. Ride on the shanghai market. It is down by 2. 9 . Worth lossesn earlier in the session when it looks l
The chinese want their stock market to look good before they celebrate the defeat of the japanese in world war ii. More for that in a moment. Stocks in europe rising as well this morning. Up 2. 4 . And europe a poll released this morning could add one more reason for joe biden as he considers a run for the white house. Bidenrvey shows that pulls better nationally against the top three republican candidates than Hillary Clinton does. At the poll shows biden has a higher favorability rate and then clinton or bernie sanders. Republican candidate donald trump says he has plenty of enemies in the hedge fund crowd. One of his proposals on taxes. As to do with carried interest much of that money is taxed at a lower Capital Gains rate. Trump was asked about carried interest. Do you want to tax carried interest in the same way . I would take carried interest out and let people that are making hundreds of millions of dollars a year pay some tax because right now they are paying very little tax a