Their desperate journey. Security concerns as 2 million pilgrims converge on mecca. So airstrikes by the Saudiled Coalition from cuba. 30 people in northern yemen. Attacks hold the capital. We have reports that houthies remain defiant. Caught in the cross fire. Civilians seek safe shelter in taiz where fighting has flaired over the last few days. Government troops backed by Coalition Forces on the offensive in the province, but progress is slow. The terrain is not helpful at all. So we are cautious. Yemens new army has not deployed all its units yet. The year after Houthi Rebels took over sanaa. Its leaders remains defiant. We are confident that well prevail. We will do the same thing again. We will continue the fight until we liberate each and every inch of our country. The houthi leader seems to be willing to compromise. His group has freed three saudi hostages as well as two americans and britain with the help of oman. In oman, a senior houthi official oman is trying to mediate a po
London headquarters. I am francine lacqua. Decision not to hike Interest Rates last thursday. Morning that the euro may fall. Lets get some Quick Reaction from andrew parry, he is head of equities. He manages 29 billion pounds in assets. Thank you for joining us. Andrew, your first quick thoughts. We disappointed that the fed did not take that window to hike rates . Andrew you can see in the markets reaction that everybody disappointed, even though it was expecting them to raise rates. How the markets reacted was a clear statement. That was the frustration. Is the message that they are sending in the dumbest comment. Is it the conditions that are worrying . Francine are you worried about china . A focus on m a for example. Andrew we try to focus on the bottom up. Statement,ays a economic start to admit as statistic. Statistic. A broad direction of travel is important. Thats what the market is reacting to with the fed. Did they leave us hanging . Thats been a long period we have been an
Vw shares plunges. They halt the sales of certain diesel cars as an investigation is launched into whether it cheated on emissions tests. No longer unhackable. Apple admits to a rare attack on some of its most popular apps in china as president xi jinping prepares to meet president obama to discuss Cyber Security. Fed fallout. President John Williams says a 2015 rate hike is still in the cards after last weeks, quote, close call. Well be hearing from his colleague James Bullard in just under 2 hours. The gamble pays off. Alexis tsipras emerges to secure 35 of the vote. Lets talk auto shares. Volkswagen nearly 20 dragging the rest of the european auto set below. V w21 its now down. Porsche, down 22 . Renault down 5 . Lets talk about the accusations. The u. S. E. P. A. Accusing vw of fitting half a mill vehicles with these december devices to. It could have a penalty of 18 billion. That comes to 38,000 or so per vehicle. The ceo has been talking about this. Hes issued an apology. That ca
Decided not to raise Interest Rates. In part because of a slowdown in china and heightened volatility around the world. The Dow Jones Industrial average fell 290 points to 16,384. The nasdaq dropped 66. The s p 500 sank 32. For the week the dow and the s p closed lower. The nasdaq was higher, posting its first backtoback weekly gains since may. But there was Something Else that the Federal Reserve said yesterday that could be cause for concern over the longer term. Steve liesman explains. Reporter when it comes to the economy over the next several years, what you see is what you get as far as the Federal Reserve is concerned. The unemployment rate, its 5. 1 now in the feds latest forecast is that it will only fall ever so slightly to 4. 8 and stay there through 2018. Inflation, the fed has been aiming for and missing a 2 target for several years. Its going to miss it for several more. The latest forecast doesnt see 2 inflation until 2018. The big news yesterday the fed isnt even sure o
Decided not to raise Interest Rates. In part because of a slowdown in china and heightened volatility around the world. The Dow Jones Industrial average fell 290 points to 16,384. The nasdaq dropped 66. The s p 500 sank 32. For the week the dow and the s p closed lower. The nasdaq was higher, posting its first backtoback weekly gains since may. But there was Something Else that the Federal Reserve said yesterday that could be cause for concern over the longer term. Steve liesman explains. Reporter when it comes to the economy over the next several years, what you see is what you get as far as the Federal Reserve is concerned. The unemployment rate, its 5. 1 now in the feds latest forecast is that it will only fall ever so slightly to 4. 8 and stay there through 2018. Inflation, the fed has been aiming for and missing a 2 target for several years. Its going to miss it for several more. The latest forecast doesnt see 2 inflation until 2018. The big news yesterday the fed isnt even sure o