Good evening and its great to have you with us here on a wednesday night and we begin with the chaos and confusion that had a whole nation holding its breath today. Two computer scares and a meltdown at airports across the country. Thousands of flights cancelled or delayed, stranding passengers from california all the way east to boston. United airlines now apologizing, blaming computers. Later today worries on wall street, the New York Stock Exchange paralyzed for hours, blaming a computer glitch. For a time real concern, could they possibly be connected . Tonight we know they were not but those computer malfunctions sent many scrambling. We begin with abcs jim avila at Reagan National airport tonight. Reporter gates overflowing, ticket counters jammed, checkin kiosks dark, delay boards bleeding red, some totally blank as lines of passengers snake across the United Airlines curbsides. When we came in we could barely get into the door because the lines were so long. Reporter the nightm
Good evening and its great to have you with us here on a wednesday night and we begin with the chaos and confusion that had a whole nation holding its breath today. Two computer scares and a meltdown at airports across the country. Thousands of flights cancelled or delayed, stranding passengers from california all the way east to boston. United airlines now apologizing, blaming computers. Later today worries on wall street, the New York Stock Exchange paralyzed for hours, blaming a computer glitch. For a time real concern, could they possibly be connected . Tonight we know they were not but those computer malfunctions sent many scrambling. We begin with abcs jim avila at Reagan National airport tonight. Reporter gates overflowing, ticket counters jammed, checkin kiosks dark, delay boards bleeding red, some totally blank as lines of passengers snake across the United Airlines curbsides. When we came in we could barely get into the door because the lines were so long. Reporter the nightm
Buy . And jeb bush. I like what he had to say. Its time for america to get back to work. The left actually criticized him for it. I cant wait to get into this and hillary, deflecting criticism saying there was no subpoena for emails and proven wrong yet again. What difference does it make . Weve got a big day coming it does make a difference. Varney company starts right now. Were talking about over 3,000 stocks that trade here on the floor of the New York Stock Exchange that are still halted at this time. Do we need it anymore . And its an anachronism almost this is odd to me. I think theres something more that we might be missing only because behind the scenes we dont know whats going on. This market has proved completely side ways since this happened. I dont know if someone is pushing the pause button, but it feels weird. Of course we were all over that big story, Varney Company and the fox business network, this was the place to be when the news breaks, its always the place to be an
First National Standards to limit Carbon Emissions from power plants. At t releasing the first given the completion with direct tv of that deal. And more monthly auto sales due today. Chrysler and nissan are out. Coming up soon ford and General Motors. First up wall street is gearing up for the first trading day of august. Last month the s p rose almost 2 . Dow up 4 . The nasdaq the best performer of the three, up 2. 8. Greece, the stock market finally opening and tumbling after opening for the first time in five weeks. Trading suspended in late june as capital imposed. The biggest crash ever and their pmis are at 30. Youre talking about a Great Depression there. The makeup of that decline, cocacola, greece greek Cocacola Company is a huge part of that index. Thats down about 10 . The banks are down because i think theres a sense that the banks have to recapitalize. But remember, there are strict rules about buying stocks in greece. Its viewed as a way to do capital flight. So theyre r
We will discuss ways to improve the business provisions of the u. S. Tax code. With an eye towards creating jobs and boosting wages for American Workers and improving over all business climate. This part of the ongoing effort following years of tax hearings and last weeks hearing on individual reform. To draft and report tax reform legislation later this year. Members of both paerts recognize the need to reform the way we tax business in the United States. As a former president obama noted when discussing his own frame work, the Current System quote does too little to encourage job creation and investment in the United States while allowing firms to benefit from incentives to low cat production and shift profit over sea. Unquote. Many elements of a particular business tax burden depend on the companies organizational forum. For example, sea corporations are taxed at Corporate Tax rate. The top federal statutory Corporate Income tax rate has been 35 . Since 1993. And with state taxes ad