Well, first up, a twoday meeting of eu leaders has been drawing to a close in brussels, and there have been some serious and divisive issues on the agenda. Not least, the question of if the eu should abandon its arms embargo in syria and start providing military support to the rebel forces fighting against the regime of bashar al assad. Both britain and france say the time has come to get more involved. It is a position that could lead to a major rift in the eu. He is prepared to go it alone. The french president was unequivocal in his comments over farming Syrian Rebels, with or without his partners. There could be one or two countries who want to block this move because they are reluctant. And i cannot speak for any other country than france. France will accept its responsibilities. Britain has also indicated it would consider forming the rebels, but there is resistance from others. Consider farming the rebels. I am against it. I do not think you can solve a conflict by delivering we
Shaking it off. Stocks soared yesterday, with the dow once again topping 14,000. The s p is reclaiming 1,500. Gold lost 18, and oil inched up. It could be a rough day for jc penny and groupon following earnings. After the close, jcp shares fell 10 . The retailer racked up more losses. And groupon fell 29 in heavy trading because of poor earnings. And the senate voted to confirm jack lew as the new treasury secretary. The final vote was 7126. We are ready for liftoff on this thursday with Mark Sebastian to take a look at trading. He is with option pit mentoring. Good morning to you. Should investors worry today about the sequester . I dont think so. I really dont think so. If you watch the political channels, they are talking about it. If you walk around the floor, nobody is really talking about it in terms of Financial Markets. And nobody seems to really care. And if the Financial Markets were really worried about this thing, we would have seen them selling off, as opposed to yesterday
Welcome to newsline. Its wednesday, february 27th, im Catherine Kobayashi in tokyo. Egyptian authorities have suspended all hot air balloon flights in luxor following a deadly accident in the ancient city. A balloon carrying 21 people crashed into a field. 19 people died. A witness told nhk a fire broke out and burned half of the balloons basket. He says he saw the pilot and a passenger jump out. He says the balloon rose higher as the flames spread. Then it crashed into a sugar cane field. Civil aviation minister wai al madawi visited the site of the accident. He says a committee from the ministry will investigate. Luxor provincial Officials Say four japanese are among the dead. A Japanese Travel Agency confirmed theyre two married couples from tokyo. The casualties also include touris from britain and hong kong. Translator the basket of the doomed balloon was engulfed in flames within seconds. Luxor is located about 500 kilometers south of cairo. Its one of egypts most popular sightse
Pilot had a passenger jump out after the basket caught fire. He said the balloon rose high er and was soon engulfed in flames and then crashed in a sugarcane field. Associated press reports there was an explosion saying it plunged 300 meters from the sky. Staterun media say casualties included people from hong kong, belgium, britain and france. Four japanese names were on the passenger list. The operator of the about a lba two accidents in the past two years. Accident in the morning about 6 30. This company i call rubbish company and i tell the people this way. Why is that . He have two fires before. Hot air ballooning is popular with tourists who visit luxor. The ancient city has various attractions. One of them is the tombs of the valley of the kings. Following the accident, the province of luxor ordered all hot air balloon companies to suspend operations for safety checks. Italys parliamentary election produced no clear winner. The political instability is expected to continue as it
Of trading, a panic selloff sent the dow spiraling 217 points, ending the sesson below 14,000. The nasdaq dropped 46 and the s p 500 broke below the critical 1500 mark. Money rushed into gold as a safe haven and oil drifted slighly lower. The reasons for the dramatic market moves are coming up in just a moment. There will be capitol questions for fed chair ben bernanke today. The Federal Reserve chairman takes a seat before the Senate Banking committee for two days to field questions about the economy. And storm watch 2013 a nasty blizzard with powerful wind pounded the great plains. Wild tornadoes could next spawn across southern states. Fed ex is among the Companies Reporting delays in stormy states. Larry levin of trading advantage is here to help us navigate the trading day. It could be a critical day here. Good to have you on the show larry. What caused that big move yesterday in the market in the late trading session . To me it was about the sequester, everybody knew the politici