Americans took out 5. 5 trillion of their excess savings, many people put in the bank after covid with all the government support, that is gone. We are going to leave this portion of washington journal. You can continue watching if you go to our website. In addition, there has been a lot of we are climate events over the last couple of months and beyond. So, you have asked not only recently, but for the last couple of years, for President Biden to declare a Climate Emergency. What do you mean by that . What would you like to see . Sen. Merkley well, certainly the impact of this summer has been very clear. July 4, the hottest day in human history. The last nine years, the hottest nine years in human history. And we see all sorts of other impacts in terms of drought, loss of snowpack, and stronger storms, and ocean acidification. When you look at their collective impact, this is a global emergency. It is the biggest threat humanity has ever faced. Even before biden was inaugurated i was
Right now. We are getting ready for yet more earnings, some big numbers after the bell tonight including starbucks, linked in and first solar, just a few of the Big Companies reporting in less than an hour. We will have all of that for you in just a little bit. Donald trump also invoking the name of larry kudlow in last nights debate. Larry kudlow is an example who i have a lot of respect for, loves my tax plan. They said that you have as much chance of cutting taxes that much without increasing the deficit as you would of flying away from that podium by flapping your arms. Then you have to get rid of larry kudlow who sits on your panel who is a great guy who came out the other day and i said i love trumps tax plan. And larry is coming back to the panel, he is going to join us live along with barney frank to give us his reaction. All of that coming up. Lets get to this gopro story, tumbling to this all time low relative to where it was from its oip, seema mody has the market flash for
Mother but he said she likely feels the same way and they will seek to change the venue given the Media Attention and public interest. Experts tell me that will be difficult given the National Attention the case has received. You may recall in march the official search for sierra lamar has ended, her body has never been found. Today i learned a small group of people still into search for her every month and that small group of people were relieved and glad with todays proceeding. Back to you. Azenith smith, thank you. A man who Authorities Say shot himself at the west oakland b. A. R. T. Station last night during a struggle with police remains in critical condition. Ktvus john sasaki is in the news room after talking with b. A. R. T. Officials who said the man reached for the gun from his waist ban. Reporter they explain what was happening when the man shot himself in the stomach. Reporter b. A. R. T. s station was shut down for hours because of the shooting on the flat form. Platform.
Dismissed the need for shale Gas Technology and its development in russia one of the areas that is important in the discussion today is that neighboring ukraine has vast, unconventional Gas Resources and these resources are being targeted by again the International Oil industry. Shell sign ad production sharing agreement in Eastern Ukraine which is on hold right now. Chevron has an agreement, a productionsharing agreement in western ukraine for unconventional gas. And in a sense, i suppose if ukraine were to stablize you could see these projects moving forward. Russia state Oil Company Rosneft has been very supportive of the development of Unconventional Oil resources in russia and it has team up with exxonmobil. In may it teamed up with bp on a Pilot Project in the volga, urals, exxonmobil is in siberia. U. S. Energy information estimated that russias technically recoverable shale resources are 75 billion barrels of oil. The largest in the world, the u. S. Ranks second. So in a sense,
Glimpse perhaps ever so slight things may finally be g around. Mcdonalds revenue met wall street estimates but earnings share missed but the company ceo is close to revealing a plan to remake the Worlds Largest fast food chain. Coke meanwhile beat wall street estimates and for the first time in nine quarters reported a revenue bump. Investors liked what they saw and heard and sent both shares of Companies Higher at the end of todays trade. Sarah izen has more of the challenges that lay ahead. Two of americas iconic brands are having a tough time at home. Coke and mcdonalds trying to figure out how to attract younger Health Conscious consumers but until coke gets the product mix right they are charging higher prices for drinks. Still beverage volumes were flat in north america. Diet coke is a particular concern. Recent my split behind pepsi to become the third most popular soda in the u. S. According to beverage digest. As you get through this year coke has cost cutting to put into plac