And were going to talk about obviously one of the major implications, supply from the middle east of oil and the threat of massive disruptions there. With us today is lord john brown, former ceo of bp. He has a new book out entitled the glass closet. He also will respond to governor perrys comparison of alcoholism and homosexuality. A big hour coming up. The meltup weve been talking about recently has kind of melted away. The Dow Jones Industrial average is off about 15 points on the trading session. The s p 500 is traded up just a fraction. The nasdaq composite is up about a tenth of a percent. As for the transports, last trade was down about 14 points on the trading day, and the russell 2000 has been in negative territory as well. Theres the transports, down about 15 points on the trading session. Russell 200, well show you that in just a sec. Now its turned positive by about 1. 7 on the trading day. Seema mody is in times square, bob is here at the exchange. Bob, were coming off our
Billion dollar regulation and was the top priority by osm. In the report, you detail how the director called the former Regulatory Support Division chief to his office and expressed concerns about the leaked job loss numbers and how they could embarrass the president , since he had just delivered the state of the Union Message indicating that jobs would grow in the administration. The report cites and osm official who was the project manager, who quoted the director is telling him that obviously , andhing needs to change he was to figure out a way the assumptions could be changed so the numbers did not look so bad. Another osm employee testified that her impression was that this direction ultimately came from the director. The job lossheard number was going to be hard to overcome. Yet when reporting on your interview with the director regarding changing the baseline he said he did not know who made the decision. Is that even believable . All of theman, things you have just expressed ar
Improvement in 2013 in relations between china and south korea, i think really has taken a lot of broader risk out of the north korea crisis. The north korea crisis would clearly be a big challenge for south korea, but i think the fear always was that the Korean Peninsula could really be a focal point for a broader International Crisis. And i think thats really gone way, way down. Jack wilson. Hi, jack goldstone, George Mason University and brookings. Want to pick on something that david said. 2013 had a lot of crises, but nonetheless we saw quite a lot of resilience. Despite the fact that debt ratios in europe went up for a lot of angle states, the euro crisis faded because of coordination and ecd. Syria, the war got worse, but oil prices didnt spike because of the global process on fracking and the ability of the u. S. And russia to surprisingly work together. So my question is, given what you said about crises and in particular spots coming forward, what do you see about the resilie
Welcome to countdown, i am mark orton martin. Mark barton. Bloomberg reporters are standing by to deliver the stories that will drive you they your day. Ryan chilcote is indiana. Na. Indiana ihn vien and Olivia Sterns is in Trafalgar Square in london be read lets get to the aching numbers for to the breaking numbers. This is the spanish Clothing Store that owns a zahra. Zara. S not the 11 drop we were anticipating, but lower than last year. Sales have missed analysts estimates. Sales up less than expected. The local currency stores, sales up 11 . They are saying this is largely to do with current see. They have been trying to push out in country such as brazil, china, russia. Offsetting the sluggish sales in the home territory, that being spain. But weaker foreign countries, especially russia, have been tracking on sales and profitability. See that profit up to 406 million euros. Again, slightly lower than it was last year. We will be looking at what the outlook is. The Second Quarter
A well, the movers and shakers of the Global Energy market meeting for the day, one today of the Russian Energy week for and well go live there in just a moment. Here were not seeing international. The mean time at western politicians are effectively destroying the Global Energy market. That is, the view of Vladimir Putin who made the claim address the Russian Energy leak form currently being held. Here he accused a western government being guided only by their own ambitions. The girth you could claim the discriminant. If they fail to reach that aims, they are mine. It will show the infrastructure of their rivals of call, sir, im talking about the attacks on the north stream one and north stream to the light lines. These attacks undoubtedly acts of International Terrorism seem to block europe from cheap Energy Sources back to deprive millions of people of resources and force other countries to buy Energy Resources at higher prices in alicia community. All right, less costly now to our