Now for the latest financial news, with Sally Bundock and World Business report. Microsoft, amazon and expedia team up with Washington State in a bid to defeat president trumps travel ban, saying it is unconstitutional and damages the economy. More fines for Deutsche Bank, this time for its connections with a russian Money Laundering plan. Welcome to World Business report. Im Sally Bundock. Also in the Programme Shares in sony fall during trade in tokyo. Rico will have the details. But First Technology giants are ramping up their battle against president trumps travel ban. Washington states Attorney General is filing a lawsuit arguing the ban, which covers seven countries, is unconstitutional. Amazon and expedia have both made Court Submissions on how the Executive Order is impacting their businesses. Microsoft is also backing the lawsuit which aims to overturn the travel ban, and will even testify if needed. And it is notjust tech firms. Fords chief executive, mark fields, has said we
And next up, 30,982 that s how many dollars the government spends studying why parents let their children drink soda. researchers hope the study will help them understand the recent surge in soda consumption in america. i could have done that study for you. for free? full of sugar, that s why kids love it there you go. finally, 430 million dollars, that s how much the powerball jackpot is worth after no one won it last night again. your next shot at winning is on wednesday. there you go. the department of justice and the fbi investigating a deadly car crash into a crowd during a violent virginia protest involving white nationalists yesterday. three people including two state troopers were killed with dozens more injured. here to react, former secret service agent and n.y.p.d. officer. dan, just out the gate, overall, your thoughts on what transpired yesterday and the president s response? well, first off, i mean, it s obvious. there was an unbelievable tragedy.
Fox business network and taking a closer look at this. the liz, which movies are getting these tax breaks? reporter: good to be with you, jenna. argo , lincoln , silver linings playbook , basically django unchained . this is data coming out of the government accountability institute. it says django unchained , for example, is seeking eight and a half million dollars in tax breaks from the state of louisiana. argo , 6.2 million from the state of california. silver linings playbook , $5.6 million from the state of pennsylvania and lincoln , 3 1/2 million from the state of virginia. overall, 1 1/2 billion dollars in tax breaks go to hollywood. about 430 million dollars in tax breaks came out of the fiscal cliff deal for hollywood. so the issue is taxpayers are basically paying a lot of money to hollywood not just in ticket prices. also taxpayer paid for subsidies in hollywood. a lot of states are saying hey, wait a second, this money, jenna, may not be
The year is only one week old and lawmakers already handing out tens of billions of dollars, for green energy, electric motorcycles, nascar, hollywood, even rum makers in the caribbean. proponents say this is great news for jobs, but with nearly 16 1/2 trillion dollars in debt someone here says if we don t start trimming the fat now, we re only killing more jobs later. so, who is right? hi, everyone, i m brenda buttner, this is bulls and bears. let s get right to it, the bulls and bears this week, gary b smith, tobin smith. jonas max ferris and gary and caroline. welcome to everybody. gary k, the year is one week old and congress passing billions of new pork and you say bad sign for jobs in the new year. why is that? could have,look, it never ends. 430 million dollars for hollywood producers so they do movies in the u.s. versus other places? that s crazy. look, when you continue to
He s got to be willing, if he wants to do this, if what mitch mcconnell, who is the architect of this deal on the republican side in the senate, if what he says is going to be true, that means the republicans have to be willing to do some pretty terrible stuff, like get the blame for shutting down the government. get the blame for throwing the economy into recession, really do those things. so the question is this, megyn, are they willing to do now what they weren t willing to do before? that is, shall we say, an open question? well, maybe it is. i don t know. and they is say past is prologue. on the money front, it did not everybody, it wasn t just the rich. the rich paid more, but there were some people who got some good deals out of this fiscal cliff deal and it includes a bunch of hollywood producers who apparently received 430 million dollars in tax benefits, thanks to this extension of a tax benefit, i don t know if it s an expense rule, they allow them to expense up to 15 mi