For the first time in two years. Our road map begins with the market. Stocks set for a tripledigit drop as investors react to claims that argentina default earnings and the fed. The food safety scare in china causes big damage to its kfc and pizza hut locations. The earnings parade marches on. And the biggest u. S. Ipo of the year set to debut right here at the nyse about an hour from now. Were going to start with yum, though. That start down sharply in the premarket trading. Reports of Improper Food handling at one of its China Suppliers is causing significant negative damage sales in that country. Interestingly, osi was not a major supplier to yum, but theyre saying that all the Media Coverage in that country is enough to make this filing. They dont know how long it will last. Its been ten days. But if it continues at this pace, it will be material to the year. Yeah, it took 18 months for the company to turn last time on one of these scandals. People do have memories. 18 months, mayb
Financial storm and one that comes around perhaps one every 50 or 100 years. This is the real thing. And much of what went wrong on wall street could be traced back to something called credit default swaps. They were traded in a risky shadow market, and they were at the heart of the financial meltdown. [ticking] it has tentacles as wide as anything ive seen. I think, next to housing, this is the single most important issue in the United States and certainly the largest threat to the u. S. Economy. Meredith whitney was talking back in 2010 about a then looming financial crisis involving state and local governments across the country. It was a debt crisis which some people believe could derail the recovery and require another big bailout package that no one in washington wants to talk about. The day of reckoning has arrived. Thats it. And its gonna arrive everywhere. Time may vary a little bit depending upon which state youre in, but its coming. [ticking] welcome to 60 minutes on cnbc. I
Is whenever i have a chance to talk about this, they raise the question of ballot the candidates and why the United States are coming with the idea that pakistan has been the Nuclear Power in the vicinity that would be needed in order to be a part of this. This includes the safe haven of bin laden and those who would say that the future of pakistan doesnt look much better than the future of iran. And the other thing is the linkage between the Peace Process and the middle east. In the linkage he made was that the progress and the way that the association tried, it will be satisfactory and that will help us to move on lal we are negotiating this and they said that the linkage goes the other way around. And secretary john kerry is working so hard to achieve this and of course, we will achieve a certain effect on these negotiations with iran. [laughter] you know, there is a saying in politics that, you know, some of my friends believe strongly in this one position. And my other friends rea
They admire most, and Nelson Mandela will likely as not be the answer. Other world figures are usually famous within their own professional disciplines, sections of society, Interest Groups or age groups. Many attract cynicism or play at indifference. Nelson mandelas achievement was to combine fame, affection and admiration from virtually anyone anywhere in the world. So if, i believe, he is more iconic than anybody else, then why . His life story of sacrifice, courage, endowns and suffering in the great and noble cause of democracy, liberty and justice, places him alongside a very select few; suffragists, gandhi himself, anticolonial african leader, che get around rah, often sang suu kyi to name just some. But mandela towers above all of them in popular imagination. Perhaps in part because he was the first such figure to be projected to the worlds peoples through the powerful media of the modern Global Television and the internet. He was quite simply far better known than any comparab