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hsbc. can libor be reformed or is it damaged it should be scrapped. let s go over to andrew. we got some earnings this morning. ibm posting better than expected second quarter earnings. that was after the close. revenues fell short, but the company is raising its full year guidance despite weak tech spending. american express earnings also beat the street. revenues at the credit card company falling short of estimates as spending growth moderated. i don t know if that happened in my household. the chinese government set toby liquid private equity assets of gm s under funded pension plans. financial times saying china is willing to pay between $1.5 billion and $2 billion. ibm surged on that raising guidance and that did allay some fears about technology. a few other stocks to watch. united technologies is in final discussions to sell its rocket dime business to aerospace propulsion systems maker gen corp. it may come next week or later this week. e-bay s woe, that ....
city, this is charlie rose. rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playing the game. you made billi ....
from our studios in new york city, this is charlie rose. rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playi ....
rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playing the game. you made billions of dollars going short, ....
rose: all eyes were on washington today as the united states senate held much-discussed hearings on goldman sachs, the wall street investment firm. the permanent subcommittee on investigations summoned several officials from the banks less than two weeks after the s.e.c. charged the firm with fraud. senators from both parties took turns criticizing the firm and wall street practices. it s not investment in a business that has a good idea. it s not assisting local governments in building infrastructure, it s gambling. pure and simple raw gambling. they re called synthetic because there s nothing there but the gamble, the bet. you are the bookie, you are the house. i think most people in las vegas would take offense at having wall street compared to las vegas because in las vegas actually people know that the odds are against them. they play any way. on wall street they manipulate the odds while you re playing the game. you made billions of dollars going short, ....