Instead, the market itself got scorched. Dow dropped 196 points. S p falling. 93 . Thanks to concerns, some say justifiable concerns, over the solvency of Deutsche Bank, the largest bank in germany. These concerns had ripple effects all around the globe. Whenever we start worrying about the solvency of any bank, the stock is down again today. Its going to play out, and none of them is good. People will fear this huge banks problems will spill over to others as banks are always lending each other money, and theres a presumption that you shouldnt be lending any money to Deutsche Bank right now because maybe you wont get paid when you look at the bank collapses from the recent financial crisis, they were caused not by classic bank runs that depositors are pulling out all their cash, but because their credit was cut off by other large institutions. We heard there were news reports that was happening today at Deutsche Bank. In fact, the markets sudden plummet occurred precisely when the sto
Welcome. Happy to be here. Well be talking about those key meetings coming up this month, as we recognize the seventh anniversary of the bull market for stocks, march 9th, 2009. Plus square and box getting ready to report earnings after the bell. This is the first report for square since going public. Well get you ready for the numbers. And a treat for you a live interview with jack dorsey coming up. Then its the new amazon. Maybe you have heard about this. Well tell you why the ecommerce giant is leasing its own planes and starting its own Live Television program and what it all means for jeff bezos and investors, and prime members, and all those great things. Its hard to keep track of everything, but weve got it covered. They are everywhere. Lets start with the bull run, which we call the haines bottom around here. Here is the moment seven years ago when the late great mark haines called it. Im going to step out on a limb here. This is hold on, everyone. I think were at a bottom. I r
Once again, when you talk about data coming out of china. Guy it seems like a familiar theme. But the aggregate is interesting here. The chinese inflation data and aggregate again just adding to this overall picture, the chinese economy is slowing. And as a result of which, maybe well see reaction. Cpi story, speculation the central bank would do more to stimulate the economy. There is ongoing weakness the factory gate deflation story. We have a chart that shows just how long we have been in negative territory, that the 2012 is as far as you have to go to find a positive number. 43 those are the months that we have seen it in negative territory. Guy that has an impact around the world. With weakcoincides growth, we have a chart here on bloomberg that shows the deflationary trend running around the weakening and Global Growth that we saw. Guy we have intelligence out overnight, a company is breaking estimates. We will bring yo that and have back and analysis in a couple of minutes. It l
Owing to happen when this seven day time frame and any challenges we are dealing with, whats going to happen . Thank all of the witnesses for their testimony. Ask the children are going to be unprepared for the legal government they will be pushed through. Many are eligible to stay and with proper counsel would succeed in their claim. And shippedenied home to face the violence they fled quite simply. And we will not be a nation of mercy. And it will be remembered. Let me think the panelists and those of us here, representing the border community, this has been particularly effective in texas to provide some balance to this whole issue. I appreciate that. Making sure due process continues to be the core of what this law is. Thepoint was made about American People not getting it by think the American People are getting it. Its not a simple political tovenience where we expedite provide the political coverage or explore situations for itctoral purpose will stop fundamentally about us as a
Deterred when you suffer a setback and you get back up and dust yourself off and go back at it, i have no doubt you will leave behind for the next generation and the generation after that of africa that is strong and vibrant and. Rosperous i cannot wait to see what all of you do. Good luck. [captions Copyright National cable satellite corp. 2014] [captioning performed by national captioning institute] Prime Minister questions return on wednesday, september 3. You can watch it live on cspan two and to catch up on prime past Prime Ministers questions watch anytime online at www. Cspan. Org. A conversation with former missouri congressman and 11 00 p. M. , q a. Then another chance to see president obamas meeting with the Young African leaders. While congress is on august break, cspan prime time programming will feature a range of political views and topics. The National Association of latino elected officials, western conservative summit. Well have a live update on 2014 senate races. Cspa