Reporter abe was trying to refute sworn testimony from yasunori kagoike, the president of Educational Group moritomo gakuen. He told lawmakers that he received a donation of about 9,000 from abes wife on his behalf in 2015. Kagoike also says he believes there was political involvement concerning the moritomo purchase of stateowned land to build the school. The group got the land for a fraction of its estimated value. The deal has been questioned by lawmakers. Abe denies any wrongdoing. Translator the issue originated with the problem related to the state land sale and licensing of the school. Regarding those issues, i believe it was made clear that no specific politician was involved. Reporter while the Prime Minister issues denials, his wife is still in the spotlight for her connections to moritomo. She was listed as the honorary principal for the new school being built on the controversial land. She stepped down from the post when the scandal broke in an apparent effort to distance h
Reporter abe was trying to refute sworn testimony from yasunori kagoike, the president of Educational Group moritomo gakuen. He told lawmakers that he received a donation of about 9,000 from abes wife on his behalf in 2015. Kagoike also says he believes there was political involvement concerning the moritomo purchase of stateowned land to build the school. The group got the land for a fraction of its estimated value. The deal has been questioned by lawmakers. Abe denies any wrongdoing. Translator the issue originated with the problem related to the state land sale and licensing of the school. Regarding those issues, i believe it was made clear that no specific politician was involved. Reporter while the Prime Minister issues denials, his wife is still in the spotlight for her connections to moritomo. She was listed as the honorary principal for the new school being built on the controversial land. She stepped down from the post when the scandal broke in an apparent effort to distance h
Whopperrito is worth your hard earned three bucks. Th tyler, power lunch starts right now. It does indeed. Thank you, brian. Welcome everybody to power lunch. Im tyler mathisen. Heres what else is happening at this hour. Hillary clinton widening her lead over donald trump in some key battleground states. Clinton now up double digits in colorado and virginia, according to a new nbc news the wall street journal marist poll. Parts of louisiana and mississippi under a state of emergency at this hour as torrential downpours trigger flash floods. And team usa continues to dominate at the rio games with 38 total medals, 16 are gold. And a lot of those by the most amazing athlete ive ever seen, michael phelps. Kayla. It has been fun to watch michael phelps. Im Kayla Tausche down at the new york stock exchange. We have three hours left in the trading week. Stocks have been headed lower throughout the morning. Dow down just about a third of 1 . The nasdaq down by about 0. 1 . S p lower as well.
Stephanie i am stephanie ruhle. We misseed y we missed you. Erik a vacation. I will not go so far to say i deserved it, but i enjoyed it. Stephanie getting the top business stories of the morning. Greece. Talks over the greek bailout have broken down. Germanys commerzbank says theres a 50 greece will leave the euro. Greece is refusing to meet european demands that it requests an extension of the current Bailout Program. Here is greeces finance minister. Yanis varoufakis in the history of the European Union, nothing good has come out of ultimatum. We proceed from crisis to crisis and this is how we improve. In the next few days, any notion of an ultimatum is going to be withdrawn. Stephanie the greek government says terms are too tough and it wants be deal rewritten. Time is running out, the agreement expires at the end of the month. A shakeup at Starwood Hotels which owns sheraton and w. The ceo has stepped down. Starwoods board says it is time they speed up company growth. The Parent
Plus cisco earnings due out any moment. Jon fortt, eric, mark having instant analysis of the numbers and the expectations call for 51 cents of share on revenue of 12 billion. We want to kick off with bob and todays pullback. Reporter depressingly similar pattern again today, maria. Opening, and markets just move down. More times than not since august, putting up the dow, thats whats happened. Sometime in the midday, sometimes, weve had a rally to move to the upside. But not today. Basically ending not too far from the lows of the day. Has the market lost its bid . Put up the full screen. Higher rates clearly a bit of an issue and clearly a bit of a problem overall. However, i would point out that the u. S. Has seen stock weakness while we have seen strength in europe as well as strength in emerging markets. Look at the Global Markets for the month of august. U. S. Has usually been a leader for the several month, but now is a laggard. Brazil, germany, china, all notably outperforming th