An historic and agreement on Irans Nuclear program. The u. S. And other global powers will ease sanctions that have crippled irans economy. That is likely to lead to iran selling more oil, sending the price of oil down by the most in a week. It will have a 60 day review by congress. Israel says it will lobby american lawmakers to reject it. We will hear from president obama in about an hour. You can watch it on bloomberg tv at 7 00 eastern time. Greeces Prime Minister will not be able to count on his own coalition to support pension costs and tax hikes. Tsipras admits the austerity measures to Parliament Today will be set for tomorrow. Lawmakers must approve the legislation before talks on a new bailout. Paul krugman told Bloomberg Europe wanted to less screen to let greece no who is in charge. Paul krugman this is not about how much greece is going to repay, it will be about greece suffering. There is no escape. You do not get away from anything. And greece has made it clear that they
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
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
Succeeded in capitalizing on obamas oh ratings. We think this will send a clearcut message that the republican way is the way we will create jobs in this country. Shameless plug, watch Bloomberg Television tonights coverage. Starting at 5 00 p. M. Eastern. They may go all night long. At jpmorgan to the list of banks in a criminal investigations. They say theyre cooperating with the Justice Departments criminal investigation. Plus, the bank faces inquiries from regulators and the u. K. And elsewhere. Jpmorgan will set aside another 1. 3 billion dollars to handle possible losses in this investigation. Similar probes. Saudi arabia has rattled the oil market. West texas intermediate fell to its lowest in three years from now trading for less than 76 a barrel. That comes after the saudis cap prices for oil exports to u. S. Customers. Analysts believe oil stocks have increased. Last month oil fell by the most in 2. 5 years. May be the declining oil globaltells you that the economy is still r