Surveillance. I am Francine Lacqua in london, tom keene in new york. The banks are the biggest industry losing ground in europe and you have Credit Suisse, ubs and commerzbank down between 7 and 8 . Tom i would note when i walked in the door american oil was below 40 a barrel. Francisco blanch is going to join us in a bit, but it is a deceptive tuesday. There is a lot going on. Francine lets get to the bloomberg first word news. Japans economic stimulus plan will increase spending by 45 billion this year according to a draft being discussed by the ruling party today. It includes lowcost loans and money for infrastructure and disaster relief. They have been hurt by a stronger yen and week consumer spending. Australias central bank has cut Interest Rates to a record low. They lower the cash rate by a quarter percent to 1. 5 . Inflation and wage growth are at record lows. Warren buffett is challenging donald trump to meet him anytime and anyplace to reveal their tax returns. While campaig
Again and said, ill bet it makes you mad, dont get . [laughter] that was such a good start, i told all over iowa. Scott, you might be the ones turning it around. [inaudible] thats what i did. You probably heard in utah. You are exactly right. Let me see if i can do to i wanted to make four points. Let me see how quickly i can make it. Went i think about my job as United States senator given my background, i think about how can i give bill haslam more tools to be a better governor . Because i know if i give them those tools he will do something with them. And i think of the federal government in the internet age as a place where we ought to invest in things that empower states and people to do things for themselves. Kind of in the way apple created ipad with that telling you what the app is, you can create an app and a lot of people can use it. So here are four tools that we worked on, three in a bipartisan way, one is not one is partisan in washington by dont think it is so much among
Never gotten anything done. We dont need that advice. They dont want to do any better than we do, and really they dont know how to do it at all. Guess we are all pioneering a little bit we would try to find a fairway to reward outstanding teachers, give them 10 months and 11 months contracts, pay them more for being good. Good. So theres a 10th of a penny in washington. Is it partisan difference right now but i dont think the democratic and republican governors would have the same difference of opinion democratic and republican senators have. So i bring this to your attention, and you may want to talk to your senators between now and the end of the year. We need to fix no child left behind. We need to get rid of the way, but we dont need to do it in a way that creates more of a National School board. We have two very distinct points of view right now in washington. So on market place fairness we are bipartisan. On this we are partisan. On changing the workforce act, we got that done in
Focus on is alvaro mayo. They are just now in the process of earning over there first offering for the u. S. In 10 years. It should be a lot of fun to drive. Plansave very ambitious for this brand. Some analysts have said that he will want out Phil Roe Mayo to be the fiat audi, meaning it will be attainable, but a luxury brand, likes volkswagen. Remember, it took volkswagen 15 or 20 years to achieve the kind of success it had been audi. Very expensive to do that kind of thing, it takes a lot of funding and it will take a lot of years. He is expected to say, today, also that he wants to get jeep to be an international brand, really start selling it more in china and that he wants to continue his plans to boost the sales of maserati. Those three brands are what we are expecting to hear him focus on, although he still needs to form an identity for chrysler and dodge, two brands that are left floating after the whale took over. A lot of moving parts here. Fiat has nine different car brands
Im in for fredricka whitfield. We begin this hour with new fiery protests erupting overnight. Hundreds taking to the street of rochester, new york, clashing for a Third Straight night. Officers firing pepper balls and tear gas as they lit fires and threw rocks during the demonstration. The protests erupting after the release of body cam video showing Rochester Police pinning down daniel prude having a Mental Health episode and naked when he was detained back in march. He stopped breathing and he later died. Medical examiners have ruled his death a homicide. President trump is also weighing in. The president retweeting a video of protesters shouting at restaurant patrons in rochester. Paulo sandoval is there. Kevin liptake is at the white house. The president seemed to be kubling down on his law and order message again. It comes as the white house is banning Racial Sensitivity Training. What are you learning about that . This was something of an under the radar memo that was sent yester