Automakers emissions scandal. All that and more tonight on nightly Business Report for friday september 25th. Good evening, everyone, and welcome. Bombshell news on capitol hill today. Speaker of the house john boehner announcing his resignation just days ahead of a potential Government Shutdown at the end of september. So what does it all mean . Eamon javers takes a look at the implications. This morning i woke up and i said my prayers, as i always do, and i decided, you know, todays the daydam going to do this. Reporter the announcement caught republicans on capitol hill by surprise. Even though tensions had been building in their conference for months. Ence of that tension in the Republican Party the exuberant reaction by conservatives at the values voters summit in washington. Just a few minutes ago Speaker Boehner announced that he will be resigning. [ cheers and applause ] reporter some of the most conservative members of congress cheered the decision in their own way. He is not
Automakers emissions scandal. All that and more tonight on nightly Business Report for friday september 25th. Good evening, everyone, and welcome. Bombshell news on capitol hill today. Speaker of the house john boehner announcing his resignation just days ahead of a potential Government Shutdown at the end of september. So what does it all mean . Eamon javers takes a look at the implications. This morning i woke up and i said my prayers, as i always do, and i decided, you know, todays the day im going to do this. Reporter the announcement caught republicans on capitol hill by surprise. Even though tensions had been building in their conference for months. Evidence of that tension in the Republican Party the exuberant reaction by conservatives at the values voters summit in washington. Just a few minutes ago Speaker Boehner announced that he will be resigning. [ cheers and applause ] reporter some of the most conservative members of congress cheered the decision in their own way. He is
Outbreaks. It does come at a bad psychological time for the stock market where confidence is going lower and theres a host of other issues including the spread of the ebola virus. Have the economies of the worlds peaked. It means its as far as you can go. It suggests its all downhill from here. Thats how i feel today. Dow dropped 28 points. Nasdaq dropped. So much seems to have gone wrong and is how off kilter. Theres a handful of stocks going along their merry way. The end of the quarter is a great way to assess peaks or we truly have no place to go but down. First we know the world is slowing perhaps slowing at a surprising velocity given the strong head of steam we came into the year with. What makes us so sure that things have slowing. Sometimes its obvious, commodities. Any commodity in sync with growth that has to do with putting things up, building things, expanding things is coming down. Im thinking iron oar, steel, theres been enough to keep it there. Lets take this decline of
I think its of 55 in winchester. I think thats jacket worthy weather. Mid50s in prince wp. Upper 50s in lou prince william. Upper 50s in loudoun. The first day of school in Prince Georges County. Again a sweat shirt and even a pair of shorts i think would be okay at the bus stop. This afternoon we are looking at sunshine. Humidity levels in check. Winds turn from the northeast to the east, southeast at 5 to 8. Look at your highs ranging from the mid to a few upper 80s like the 88 here in washington. Andrea and mike, back to you. Thanks, howard. Heres whats in the news right now. President obama has authorized surveillance flights over syria. Hes considering future actions against isis. The pentagon is reportedly sending manned and unmanned recondistance flights over the country recondistance flights over the country. The Syrian Government says the u. S. Needs its permission before launching any air strikes across its borders. Former f. B. I. Director louis freeh is recovering after a s
North korea underscored the warning of the state of military exercises by south korea and the u. S. This morning kim young uns regime fired two missiles in the sea of japan. They say its for exercises of a south korean invasion but say theyre prurely defensive. On saturday Chinas Central Bank fought back against an economic slowdown that cut benchmark Interest Rates for the second time in three months. And israels Prime Minister Benjamin Netanyahu is in washington in advance of his controversial speech on capitol hill. Tomorrow hell press conference to delay any agreement on nuclear power. Netanyahu may argue it will threaten israels security and is speaking at the invitation of john boehner who did not consult the white house or president. Secretary of state john kerry insists theres no problem between the administration and israel. I talked to the Prime Minister regularly including yesterday. We are not you know, we dont want to see this turned into some great political football. Obv