Economic policy. Why the worlds biggest emerging economies are going their way together is what it means for the rest of us, and americas highway trust fun is this close to running on empty. What happens when the roads you ride on get fixed because congress cant cut a deal. Why you, the american consumer, are keeping your wallet in your pocket instead of stimulating the economy. Im ali velshi and this is real money. This is real money, and you are the most important part of the show, so tell me whats on your mind by tweeting me at ali velshi or hit me up on facebook. Com. The bricks are trying to throw their weight around and challenge the dominance of the world bank and the International Monetary fund. Im talking about the biggest emerging markets in the world, brazil, russia, india, china and south africa. And their leaders are holding a summit in brazil this week. And today unveiled plans for a new bank to finance Infrastructure Projects in the developing world and a reserve fund fo
Why the worlds biggest emerging economies are going their way together is what it means for the rest of us, and americas highway trust fun is this close to running on empty. What happens when the roads you ride on get fixed because congress cant cut a deal. Why you, the american consumer, are keeping your wallet in your pocket instead of stimulating the economy. Im ali velshi and this is real money. This is real money, and you are the most important part of the show, so tell me whats on your mind by tweeting me at ali velshi or hit me up on facebook. Com. The bricks are trying to throw their weight around and challenge the dominance of the world bank and the International Monetary fund. Im talking about the biggest emerging markets in the world, brazil, russia, india, china and south africa. And their leaders are holding a summit in brazil this week. And today unveiled plans for a new bank to finance Infrastructure Projects in the developing world and a reserve fund for financial emerg
Hopes of a takeover. Plus, the firm rejects an 80 billion bid from fox saying its too low. Hopes are high on possibilities of a better offer. Well be asking, will it come . Announcer youre watching worldwide exchange, bringing you business new from around the globe. Welcome to worldwide exchange. Vladimir putin has denounced the latest round of sanctions saying the relations in moscow to a, quote, dead end. Washington has announced sanctions against a number of companies related to the kremlin. President obama says he gave his russian counterpart lots of warning. Along with our allies, with whom ive been coordinated closely for the last several days and weeks, ive repeatedly made et clear that russia must halt the flow across the border to ukraine, that they must support hostages and a ceasefire, that russia needs to pursue mediated talks. Ive made this clear directly to mr. Putin. The u. S. Added Russian Companies to its sanctions list but say its helping to destabilize the eukraine.
I have a question also relating to financing. I want to know what you consider the role and impact of the new Bricks Development bank will be Going Forward as it starts in south africa and other countries can then apply to be part of this new development. Thank you. Ill let them talk about the brics bank because, ive heard about it, they set it up a few months ago and what it is, im not sure. Measurability, now we talk a lot about revolution in africa that we dont know. The problem has been a lot of things have happened in mdgs, but we dont have the instruments to measure them. We have 80 of kids in school. With 90 of this or that, but how do we measure them . Sometimes were rely on numbers given by multinational and multilateral, but sometimes by ngos who have an interest in keeping numbers as they are. Thats what they get their funding from. We have to be aware that. The finance minister has had a meeting. When the president first talked about the cap, it was at a meeting with the mi
Lessons in iraq. We will give him some tough questions versus some of the wet kisses out there. Top headlines. Good morning. Investigators hoping the fatal amtrak crash investigators want to know why the train was going so crash. The crash killed seven and entered more than 200. The ntsb has determined the train was traveling twice as fast as it could have been. The authorized speed through the curve was 50 miles per hour. When the engineer induced brake application the train was traveling at approximately 106 miles per hour. The ntsb says the accident cut off been prevented if the track had been equipped with automatic braking technology. That is already on most of the line between washington and boston. Amtrak service is still suspended, no word on when it will be restored. President obama is meeting at camp david with the leaders of six persian gulf nations. They will try to work out disagreements caused by u. S. Negotiations with iran. Saudi Arabias King Salman will not be there, h