Would have to be on a different planet not to realize she was forced to drop out this afternoon amid a cloud of controversy. Embattled Democratic Party chair announcing she will resign when the Convention Wraps this week after emails were leaked showing the dnc violated rules by favoring Hillary Clinton rival Bernie Sanders in the primary. Wassermanschultz saying move was in interest of Party Beginning high note. She was met with thunderous boos and heckles when she addressed delegates from the home state of florida. Melissa as we await the call to order. Competent you back to the markets. Dow ending the day down 80 points, well talk to you over here. Had been down about 118 point at one point. Now ending the day at 78 points. Covering all action phil flynn, price futures group, fox business contributor from cme. Lori rothman on floor of the new york stock exchange. Lori, were going to start with you. Talk to me about stocks today. David okay. Melissa i dont think we are starting with
Convention. Well get back to all of todays dnc developments coming up in just a moment. Before we go any further, we do have to turn to a Weather Threat that could impact our entire area. Severe storms moving in, and they will be with us through the evening. Lets talk to First Alert Weather Center and meteorologist sheena par convenient tracking the storms for us. Yeah, jim, a couple of severe thunderstorms through parts of the Lehigh Valley. If you look at the radar, most are going through the Lehigh Valley and parts of burks county and thats where you see the yellow shaded area, and thats a Severe Thunderstorm Warning. Well zoom in right now with one thunderstorm into lower parts of Montgomery County and burks count knee the Lehigh Valley into the poconos, thats a Severe Thunderstorm Warning until 4 45. A lot of lightning and heavy rain. Could see winds near 60 Miles Per Hour. Heavy downpours could lead to localized flooding and the possibility for some hail. Now, as far as lightning
Departure. Soft bank looks to create some hollywood movie magic. The Japanese Firm is in talks to buy Dreamworks Animation for more than 3 billion. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. This is a live shot from the streets of hong kong. The hang seng market closed 2 lower after a week of protests on the streets of hong kong. Demonstrators are demanding full democracy from beijing. The Hong Kong Government says it has withdrawn riot police as protests calm down. Eunice is in beijing for us, what has been the reaction there to the protests so far . Reporter well, so far in beijing, mainly what people are seeing is a very controlled presentation by the government of what is happening on the ground in hong kong. Theres been heavy sensorship on the internet where we are seeing instagram blocked, also some of the social media apps, particularly like the messaging and wechat. We are seeing a lot of terms deleted that have any reference at all to
Think about that will be a reality on the chinese side these have to be prepared for. To the economy continues slow down, we should be prepared for and we will see United States demonstrations in japan. People will not be as easily Economic Growth they will mobilize around essential fundamental issues. One of those will be history. Sometimes it is worth as remembering that. We can see the street demonstrations and assume that is this reservoir of energy, in fact i think there are many opportunistic protesters, people who will go into the street for whatever is available. Is an issue, that they may go into the street for that, but there may be Economic Issues below that. Speaking of demonstrations, lets talk about hong kong. You recently wrote about the demonstrations in hong kong. It the prevailing view in china or should we expect china to take a harder line on hong kong . Have the basic law that out between thatcher we are now living with that. In white paper came out june that creat
President hu jintao as the partys general secretary. The party wrapped up its weeklong National Congress wednesday. The meeting is held every five years. Delegates elected new members for the central committee. Those members will meet thursday to choose the lineup for the partys Political Bureau and the core group of leaders who sit on the elite politburo committee. President hu, premier wen jiabao, and five members will retire. Vice president show gin being and others are expected to remain and be joined by a new generation of leaders. Analysts say xi will take over from hu as the president s general pear. President hu has held the position for tennessee years. Translator all Party Members should unite under the Party Leadership and with chinese character hold high the great banner of socialism. Sources close to the party say the number of Standing Committee members will be reduced from the current nine to seven. Analysts say xi and li could be joined by the vice premier, the vice pre