[inaudible conversations] thank you all so much and welcome to the National Press club. Im emily wilkins, the 117th president of the National Press club and for cnbc. Thank you for joining us on this incredibly important topic. The first World Press Freedom day took place not the first one, but the first one in the u. S. Took place in the National Press club in 2011 so were grateful for those of you who joined us both in person and online today. On one hand its an exciting time all over the world giving important and moving speeches. Some in santiago, chile and all over the world. Well get the latest information on the three u. S. Journalists who are wrongfully being held overseas, you know their names. Austin tice, who works for the Washington Post has been held for nearly 12 years now in syria. Evan gershkovich, a wall street journal reporter taken in russia one year and two months ago and alsu kurmasheva, editor at Radio Free Europe, who has been held in russia for more than six mon
I spent over a dozen years looking into this story, and i had worked at the wall street journal for over 20 years and i had never encountered a story of this magnitude or drama. As i began looking into it what i found was that this has to be one of the most deadly, least known shipwrecks in america. And i uncovered a tale that was so horrible and so surprising i could not let it go. In a a lot of ways the story would not let me go, either. So were in july 1915, almost exactly 100 years ago. A large steamship. Think of the flatiron building on its side. That is virtually the exact size that eastland was. A flatiron building turned on its side quickly capsizes. Although it is tied to its dock. Yet, it capsize. 844 people die. Within minutes. 844 people. That is more passengers than died on the titanic, much more famous accident. 22 entire families died on the eastland. Mothers, aunts, 22 whole family units gone, wiped out in the Chicago River. Now, i do not know how many of your for real
Programs that will be in the new museum in philadelphia. This is about a century old project. We have been working on the project since five years. We expect to open in 2017. We have a place to show up these wonderful and amazing original object from the revolutionary era. For general view, or sometimes looking at 18thcentury firearms they tend to look alike that this really speaks to the one power of the ideas that were made the country and particularly the men who served under arms. If you look at these pieces of continental currency, you will notice the designs. These have been selected under the direction of Benjamin Franklin from a book of ancient symbology. In the center, it is difficult to see, but there is an image of a beaver chewing a tree. Calling on persistence on the part of the beaver. The idea that this is not going to be a conflict that is one overnight. That persistence will be rewarded the fee so me and is the continental three dollar bill. It has a great connection t
That sent wall street into a tailspin. But the dow came roaring back. The other thing we have been watching is the price of oil. The largest one in the nation had it production cut. Now that area is in the line of fire as harvey moves to the east. Switching now to pictures of wingwood, texas. The houston mayor called kingwood a focal point of the rescue operation. Well bring you there in just a minute. In Brazoria County a levee breached. Some of the people, just normal people in the neighborhood built a makeshift levee of their own in that county. The floodwaters, they went over the top of a 108foot spillway. Something that never happened before. Jeff flock was there as it happened. And sent us these pictures you are seeing as the water started flowing into the nearby neighborhoods. A number those neighborhood were already flooded. Jeff and his crew moved into those neighborhoods where people are losing just about everything they have. This is the first time well get a look inside one
Exchange on cnbc. Im wilfred frost. Im Contessa Brewer in for sara eisen lets get to the Market Action yesterday a pretty big selloff we did come off the lows by the end of the day still down just over a percent for the dow. A little less than that for the s p and the nasdaq financials took a big hit that sector within the s p down 3 insurers down more than 3 of course theres another hurricane and storm approaching landfall or makes landfall last night, that was onefactor. We saw the banks selloff almost as much. Yields moving lower. Either way, we are bouncing back a bit today. The dow called higher by 30 points nasdaq by 16 s p bir 4 poiy 4 points the tenyear treasury which saw a significant move lower in yields ended friday 2. 16 yesterday the low was 2. 06 now 2. 075. A large part of that, all of that risk off move yesterday was down to north korean tensions. And the same thing is weighing on asian stocks this morning. Looking at the equities overseas, the nikkei is off by 0. 15 .