tv FBN AM FOX Business July 9, 2015 5:00am-6:01am EDT
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sandra: breaking news this morning. stocks in china bouncing back helping rally in the u.s. imposing more regulation that help push to shanghai and accept nearly 6%. a live report from beijing. the rally in china lifting u.s. stock market futures after yesterdays steep selloff. are pointing to a higher open on wall street. looks like a software update was behind the nearly four-hour shutdown at the new york stock exchange. the latest on the boards which they experience the deadline for a greek deadline looms as greek
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citizens become more desperate for cash. a live report from athens. i'm sandra smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am" come your first look at what is moving in today's market and what you need to expect that they had. you are down at the new york stock exchange all day yesterday covering this like nobody else in financial news. what is the latest? nicole: will things be okay going forward? do you have to worry? dream to you are working on a plan to speed up movies. transfer watching the big days at home after the big screen. sandra: new regulations by the government helping fill a big comeback for chinese to give us a ride today shanghai surge as well as the rest of the nation were as business reporter tracey chang life in beijing. she's a reporter for the cheney state television. good morning, tracey.
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reporter: good morning. but it dramatically around. 50% of the companies still hold from trading among the shares that are accessed about 90% shot up by 10% daily gaining limits. hong kong th a solid recovery as well. the hang seng report 7% buy fresh measures from beijing to stabilize the market and improving situation with great debt negotiations like amphetamine. japanese shares released earlier losses about six tenths of 1% as long-term players started scooping up talks and in south korea the cost be rebounded as well ended up about the tenths of 1% with the help care company. sandra: thank you a wall street anxious to get back to business after a business after technical problems forced new york stock exchange to help trading for four hours yesterday.
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nicole is in the middle to breaking news in the big question is can we expect to clean up in today? >> so far so good. it was a heavy close and that went really smoothly. the nyse hopes it goes smoothly. bloomberg said the outage was caused by a software update that didn't go as planned. the nyse suggesting the problem was not due to a cyberattack and was indeed an internal, not external issue. others trading firmly on the floor with traitors getting office update and let it would resume. a minute to minute type of action throughout the day. when we asked tom farley what's being done to prevent failure problems such as this one, this is what he said. >> today's focus on finding the issue in fixing it. right now and through the night focused on evaluating procedures and making improvements that we are not in this position again. monitor that continues to get at
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her every single day. sandra: that is the key that they were looking at it overnight. yesterday's focus was fixed, get back online to close. overnight they were evaluating to see if they've learned anything new. it's really been attributed for the most part while tom farley won't say because they were still investigating, the most part it's a software update. lauren: it is mind-boggling happen a couple of hours after the united airlines went down. nicole: a lot of people who are nyse saturday year also journals savvy. they've actually flooded the site. >> one of the biggest problems in a pr nightmare for the new york stock exchange is a half an hour, the new york stock exchange was able to tell of her one while it's not a hack, not a
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cyberattack, they were still telling people exactly what the problem was. how can you know it's not a cyberattack and calm fears out there about what exactly. sandra: we will still have the tory developed today bring you the latest on that. nicole come your head into the floor of the new york stock exchange with the latest from the trading floor with "mornings with maria." today is the deadline for greece to present a detailed plan as to how they are going to handle their debt crisis. let's get you caught up a global market action this morning because we are seeing a lot of options yet again this morning. europe stocks have been trading some mixed news early on. we've got mostly green arrows pointing to an open at home. the cac and the dax up more than
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a percent. stock index futures are also showing re-narrows and pointing to higher open on wall street. not as big as the gains in europe, but still to the upside. look at this move. oil prices up nearly 2%. today is the deadline to produce a detailed economic reform plan as the country flurries of bankruptcy. ashley webster with the latest there. reporter: yeah, good morning sandra. alexis tsipras, the greek prime minister promises to have credible reform plan to the e.u. today. they have to have it in by the end of today. tsipras himself is back in athens right now with reports that a team of experts from france are helping the week by jitters line by line, measure by measure to get the reform plan in the best possible light that it can be to present to the eurozone later on today.
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in the meantime the banks have been closed for 12 days. the government says they will not remain closed until next monday so clearly the concern about getting cash which continues to be 60 euros a day is continuing to grow. the government insists there is no threat to food or feel. we've seen no food shortages here in central athens, but we can be to the suburbs around the country in the gas stations have not had long lines. the issue here is cash, how to get ahold of it. for instance, the hotel to stay out, we asked if they had may cash in the atm and had to go through a process to prove we stayed there, then were escorted to the atm machine. they didn't want to let anyone but their guests get access to cash. big day for greece in a big day for the eurozone. sandra: ashley, thank you. alcoa, the first company to report earnings. the world's largest aluminum
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company has posted adjusted positive 19 cents a share, missing expectations of 22 cents. alcoa says weak aluminum prices hurt results in a small tin operation. revenues did beat expectations coming at $5.9 billion. we're also looking to keith olbermann and espn calling it quits again. two years after returning the sports network. the news follows the reports caveat through contract negotiations to bar commentary for espn to late-night talk show. espn is looking to cut costs after a mandate did need to cut $100 million from its budget next year and $270 million in 2017. paramount pictures reaching a deal to get new films into homes much more quickly. lauren: this is all about streaming and taking over the
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world. if you are sick of waiting for new releases they had on demand or stream is services, paramount is here to help. they reportedly will stream films two weeks after they leave the theaters. that comes from "the wall street journal" down sharply from the traditional 90 day. paramount inked a deal with and be to shrink the window onto upcoming horror movies. the revenue will reportedly be shared with theater owners in the theory is a shorter window between theater and home released the lower marketing costs and put a dent in piracy. you have hulu paid $192 million for south park, more than what they paid for assigned help. and netflix is also that while golden globes and oscars. making more and more movies. sandra: they have actually received some of those.
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lauren: the theater owners actually received revenue. i would wonder how i'm actually going to get my money. sandra: let's take a look at other headlines this morning on today's edition of "the wall street journal." the tensions are rising iran nuclear talks among foreign ministers as washington and tehran struggle to overcome remaining hurdles to a final agreement. end-of-life top her post as new medicare benefits. the federal government proposing to pay health care providers talking to medicare beneficiaries about end-of-life care. apple record production for new iphones is asking suppliers to manufacture between 85 and 90 million unit of two new models by december 31st. coming up, yahoo! bets big with real money gambling. we will have that story.
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the new york giants star defensive jason peter paul might have ruined his career with fireworks. doctors had to amputate one of his fingers. a rally in china stocks helping lift u.s. stock market futures ahead of the open this morning. pointed to higher open, dow futures up 103. you are watching "fbn:am," it your first look at morning markets and breaking news. ♪
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for six months. asian stocks finishing higher at the hang seng getting half yet yesterday's losses. you are looking at the nikkei and the hang seng up, singapore down. in europe we see trading to the upside with a sad man from cac and dax. stock index futures looking like a higher open with dow up 100 points. yahoo! upping the ante on fantasy sports launching yahoo! sports and daily fantasy yesterday. this is a service that allows users to wager real money on their sports teams performance for giving 10% of their entry fees. sports gambling is illegal in all but four states. placing money in famous sports is considered legal in most hazardous classified as the above skills and not a chance. friday's parade in new york for the world cup soccer team costs about $2 million if they get it.
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"the new york post" reporting big business is coming up short and helping $450,000 pledged so far. major league soccer, nike and the like traumatic are among the early sponsors the city is prepared to pick up the shortfall of as much as $1.5 million. where's the money after the big win. the semi finals are set at wimbledon. they will make a fixed-rate appearance after beating bearing chairlift. he will play the other semi with robert fedor meeting thursday. senator beat france -- this is his best appearance of final four. the women's semi finals including the match between serena williams. in football, jason peter paul
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has had his right index finger amputated after a fireworks accident. he assigned his tender offer from $14 million because he hoped to reach a long-term deal by next wednesday. the giants haven't commented on this report. in baseball, mark to share a big home run twice as the yankees held a five to four, one homer in the fourth inning and one of the six. stephen drew provided the winning margin with an eight thinning home run. looks like a software update behind yesterday's four-hour shutdown of the new york stock exchange. there is a cool interview in the head of the exchange. has the big board fixed the glitch yet? we'll have that story and all the latest on that. a big bounce back after the chinese government opposes more regulations on investors.
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sandra: breaking news this morning. stocks in china bouncing back helping fuel a rally in the u.s. china's government imposing more regulations that pushed the shanghai index up 6%. a live report from beijing. the rally in china lifting stock market futures after yesterday's selloff all pointing to a higher open on wall street several hours from now.
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a software update was behind the four-hour shutdown of the new york stock exchange yesterday. the latest on the report click stage. the deadline for a great deal lives as citizens become more desperate for cash. a live report from athens. good morning i am sandra smith joined by lauren simonetti and nicole petallides. welcome the trend may come your first look at the latest breaking news in what to expect that they had. nicole, you're done at the new york stock exchange yesterday know have the latest on the shutdown. nicole: hours of no trading at the nyse. what happens today? everybody still talking about that. lauren, you work on a new app for business travelers. lauren: it might put the hotel can't earshot of the job. nicole: might be nice. sandra: newbridge omissions by the chinese government to a big bounce back.
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on today's shanghai surge as well as the rest of the asian markets with business reporter tracey chang light in beijing. reporter for chinese state television. reporter: good morning, sandra. a dramatic turnaround. in china, the nikkei composite soared 6%. although 50% listed on the stock exchange are halted from trading. among the shares, 90% shut up about 10% daily gaining limits. a pretty solid recovery as well. the hang seng scored 3.7% buy fresh measures from beijing to stabilize the markets and also stabilizing situation in greece. moving to tokyo, japanese shares reversed losses to game six times the 1% as long-term players such as the pension fund started grouping of blue-chip stocks and in south korea that kospi had a drastic turnaround is filed gaining 610th of 1%.
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sandra: thank you. a technical problems forced the new york stock exchange to halt trading for nearly four hours yesterday. nicole, can we expect it could open for business today? nicole: the new york stock exchange had a clean clothes yesterday. you know it was a technical issue, an internal issue this everybody to believe today's open will be a smooth one. bloomberg said the outage was caused by a software update that didn't go as planned. opening bell was a little bit uneasy at the smooth it out. later in the day they shut down everything at the new york stock exchange. the problem was not due to a cyberattack. other exchanges were trading normally. i was on the floor of the exchange throughout the day. traders getting a taste
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throughout the day as to when trading would resume at around 2:00 tom farley said the close would have been. he also talked with us about what is being done to prevent future problems such as this. >> today was focused on finding the issue in fixing it. right now and tonight it will be focused on evaluating procedures and making improvements that we are not ever in the position again. long-term it continues to get better every day. >> they didn't have the software update overnight. they said it was an internal issue, not a cyberattack. orders were rerouted to other venues as we were just chatting about. it was tedious. it was a long day of canceling orders. 120 orders at a time. 700,000 had to be canceled. it's like counting pennies. lauren: everyone always said there cavity for the trading day happens at the open enough to
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close. tom farley said 20% of the volume at the open and then again at the close. >> they got it open and it went smoothly. they had a lot of time to do it. sandra: i agree with that. it shouldn't happen again. that is why they were evaluating. it will be a pr issue for quite some time. the code, you are heading down to the new york stock exchange and will be covering the story "mornings with maria." we'll see you in a little bit. the country has until midnight to come up with a detailed economic reform plan. also submitted a three-year plan for international creditors. people line up at atms in the country and withdraw $66 a day is still the limit. if no deal is reached an emergency e.u. summit, greece risks falling into bankruptcy and exiting the eurozone. let's get you caught up in
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global market action this morning because there is more for you. european stocks trading to the upside. the cac leading france up 1.5%. u.s. stock index futures pointing to a higher open this morning. dow futures up 130 points. land rover recalling more than 65,000 suvs in the u.s. because the doors could open while driving. the recall covers certain 23rd team to 23rd team range rover and 2014 to 2016 sport models. the british automaker recalling 500 vehicles because summers can detach or fly out. the issue affects certain 2012 and 2013 land rover models. lauren: the fix is in happen until august 7th. sandra: good story there. boren, thank you. if you want extra towels in your hotel room are you going to order room service, there is an app for that now.
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lauren will have the details on the concierge. china stocks bounce back after the government imposes regulations on investors to stem losses. the rally in china lifting futures all higher ahead of the opening bell a couple hours from now. you are watching "fbn:am," your first look at morning markets and breaking news. good morning. ♪ ♪ your body was made for better things than the pain, stiffness, and joint damage of moderate to severe rheumatoid arthritis. before you and your rheumatologist decide on a biologic, ask if xeljanz is right for you. xeljanz is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can relieve ra symptoms and help stop further joint damage. xeljanz can lower your ability to fight infections, including tuberculosis.
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sandra: let's say you caught up on global market action this morning. china shanghai index rebounding 6% as the government putting in more steps to support the market. shareholders who stakes at 5% were told not to sell shares for the next six months. in asia, stocks finish higher at the hang seng getting back half of yesterday's big losses. looking at the nikkei and the hang seng to the upside in mixed market on the green. cacm for his leading the way is talk market futures at home point to higher open. dow futures up 125. how do you like the services of a hotel called kirsch. a lot of business travelers listening. what can we do. nicole: has called hotel can't
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the edge. and the feature list users ask questions about the places you are headed from everything for which restaurant to sightseeing recommendations. even request extra pillows, extra towels through the half rather than calling the front desk concierge. the pilot program begins today in new york, washington and california. sandra: i have two thoughts. first, there goes another job. second is to use dial-up when your pillows don't arrive? >> they need the concierge to answer the complaint. sandra: they are more of a session proved then they are not so attached to epsom downs and the economy. coming up, the chinese government market manipulation seem to be working for today. china stocks is back after
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yesterday's brow. the new york stock exchange shop for four hours yesterday. nicole is in the middle of all day. will they they open this morning smoothly and what may have caused the shutdown. note: this story for us. after stocks sold off yesterday they make on that today. features at home higher ahead of the opening battle. you are watching "fbn:am," your first look at morning markets and routine news. ♪ breaking news.
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sandra: breaking news this morning. stocks in china helping fuel a rally in the u.s. the chinese government putting in place by regulations helping push the shanghai index 6%. a live report from beijing. the rally in china lifting stock market futures after the big sellout i'll point to a higher open on wall street this morning
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it looks like a staffer at date in the nearly four-hour shutdown at the new york stock exchange yesterday. latest on the big board glitch fixed. the deadline for a great deal loans as citizens become more desperate for cash. i live report from mouth is and beijing. senator smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am." the latest breaking news and what to expect that they had. nicole, you write down at the nyse all day yesterday. the four-hour glitch in the market. what are we expect? >> it was a tough day they came on unexpectedly. the sox were halted and without we are are watching for that today to see what actually happened. is it going to be cleaned? should be. >> clean up the pr nightmare. paramount plans to speed up home release of movies.
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lauren: paramount thinking deals to put the new film on demand services within weeks, days at times. sandra: wing of the chinese government has been able tried to stab losses in the market. they put by regulations in place help in this morning. take a look at the shanghai stock market surge we currently see as well as the rest of the markets in asia trading to the upside. business reporter tracey chang as a reporter for chinese state television. morning to year. reporter: good morning to you, sandra. what a dramatic turnaround. the nikkei composite score is 66%. although 50% of the companies still hold training among shares that are active, 90% with 10% gain in minutes. a pretty solid recovery with the hang seng of 3.7% with fresh
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measures to stabilize the market and improving situation with the debt negotiations. in tokyo, japanese shares reversed earlier losses and in six tenths 1%. long-term players as the country's pension funds target scooping up stocks and south korea a solid rebound as well. the kospi gaining six tenths of 1%. back to you, sandra. sandra: thank you. a technical problem forced the new york stock exchange to halt trading for four hours yesterday. the call was in the middle of all of it and wear while looking at the open this morning. will there be a clean open? nicole: if you're tom farley at the new york stock exchange u.s.a. the right thing. better not happen today. they were shut down for three and a half hours. the outage was caused by a
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software update that did not go as planned. the nyse stressing the problem is not a cyberattack. she told us he was an internal issue. they got it up and running. certainly was a bone of contention. on the floor throughout the day waiting for the constant updates as to when trading would resume. also tom farley was asked what is being done to prevent future problems such as this one. >> today was focused on finding the issue in fixing it. right now for us tonight we will focus on evaluating procedures and making improvements that we are not in this position again. long-term it continues to get better every single day. >> the monster of technology. at the same time he noted they are looking at it overnight. i sent a note to the communications team to see if there's any findings.
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lauren: when i was on the trading floor, more information is always better. its stock was halted and nobody explained why, every stock on the new york stock exchange halted. the new york stock exchange said they halted to stocks because they learned the glitch. let people know as much as you can. that is a problem most traders on and off the trading floors had with this. the release of information was slow and lacking. lauren: and the message sent to the everyday investor. when you see an iconic new york stock exchange do nothing, do they feel confident investing in the market? albeit it's a small%, it's a big headline. sandra: a regular person doesn't understand they can get rotted away. your money was safe. the big picture is you don't want that to happen at all.
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trained to bow, today is the deadline for economic reform plan. ashley webster joins us live. good morning to you. the situation getting money out of the atm is. is it getting worse? reporter: it certainly appears that way out but you wouldn't believe that by walking around the streets are the streets are not in spirits and wines at the same banks no one creating problems. they are just standing there. this has become a daily ritual, standby for an hour, hour and a half to get 60 euros. in many cases they were only able to get 50 euros. this can only go on for so long. we know that. ecb president surprisingly been quoted in an italian newspaper or the solution he can see in the rate banks will indeed go bankrupt. they will stay closed until at least next monday. they have been closed for 12 days in a row and there is a
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cash shortage and no doubt you can feel it. in the meantime, everyone waiting to see whether the reform plan that is supposed to be handed in by today will do the trick. we understand a team of french experts is here in athens right now poring over a budget proposal, telling measure by measure, line by line to come up with a plan acceptable to everyone within the e.u. don't forget a big summit on sunday with 28 countries within the year wrote that was sit down and make a final decision whether greece days and are out of the euro. we should point out a big pro-euro campaign or protest outside of the government building tonight at 7:00. we will be there for that. you should be interesting to get the feel of the crowd. take a stand they say were staying in europe. getting harder and harder to see that happening.
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sandra: ashley, to quote eric giuliani yesterday and "mornings with maria," the best thing i can remand to the greek people, go back to work. it is sort of true, right? we will leave it at that. let's get you caught the global market action this morning. people do need to get doppler, but there is some optimism as we debate the latest on the greek ideal. the ftse, cac dax all higher. u.s. stock market futures like as well. we are a peer, dow futures up 136 pointed to a higher rope in. keith olbermann and espn calling it quits again less than two years after rejoining. as for his contract will not be removed. if a third-party caveat renegotiations to bar commentary
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from olbermann and espn late-night talk shows. looking to cut costs after a man days company, disney took up $100 million from the budget next year and $270 million in 2017. paramount pictures reaching a deal to get new films into homes much more quickly. boren is following all of that. lauren: if you are too cheap to go to the movies or you're sick of waiting for new releases to hit on demand or streaming, paramount pictures will stream new films two weeks after they leave the big screen. it comes to "the wall street journal," down sharply from the traditional three-month period the way. reportedly dealing with amc to shrink the windows on two upcoming horror movies. digital revenue will be shared with theater owners and the theory here is a shorter window between theater and home release the lower marketing costs and also put a dent in piracy. sandra: imagine that.
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coming up, final matches are set for wimbledon tennis. we can't tell you who will be going into battle in central core. the essential government market manipulation were today as stocks jumped about 5%. the china bounce back helping u.s. stocks a dow futures 135 points. s&p at 19, nasdaq up 43. that is the latest. you are watching "fbn:am." your first look at morning markets and breaking news. ♪ when broker chris hill stays at laquinta he fires up the free wifi, with a network that's now up to 5 times faster than before! so he can rapidly prepare his presentation. and when he perfects his pitch, do you know what chris can do? and that is my recommendation. let's see if he's ready.
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sandra: shaping up to be a big morning for the global stock market. take a look at the nerves. the shanghai composite and china rebounding i am a 6% as the government is feeling more steps to support the market in rapid decline. shareholders the stakes have at least 5% were told not to sell shares for the next six months hoping at least for now. stocks finishing higher. the hang seng getting back half of yesterday's big loss. in europe ,-com,-com ma stocks trading to the upside led to the cac currently up 1.8%. stock market futures also up pointing to a higher open this morning fatherland debate forever shut down by the new york stock exchange yesterday. yahoo! upping the ante on fantasy sports. the daily fantasy yesterday. a source allows users to wager real money on their sports teams
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performance for giving yahoo! 10% of the entry fees. sports gambling is illegal in all but four states that placing money on fantasy sports is considered legal in most because it's classified as again the scale and not a game of chance. friday's parade for the world can't for the world cup between the world cup between the u.s. winning soccer team will cost $2 million. "the new york post" reporting big business coming up short in hoping cost of $450,000. major league soccer among the early sponsors. it's not enough in the city is prepared to pick up the shortfall of as much as $1.5 million. turning to sports, the semi finals are set at wimbledon. the six straight appearance after he will play the other semi high as roger geiger
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beating andy murray. senator pete c. area cmo and france. today will be the women's semi finals quitting the match between serena williams and number four maria sharapova. that is a big one. and football, espn reported the defensive end jason peter paul has had his right index finger amputated after a fireworks accident. $14 million because he hoped to reach a long-term deal by next-line this deadline. the giants have not yet commented on this report. when the top golfers gather next week for the british open, the number one defending champ will be teamed up. mcelroy will not be playing after rupturing a ligament in his left ankle while playing soccer. he won't be back until he's
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100%. don't play soccer before the british open. before you head out the door, let's get you caught up on your thursday morning forecast with maria molina. reporter: good morning. i hope you packed the umbrella because you might need it with the massive storm system continued to move eastward and brought severe weather to parts of the plains across the texas panhandle and eastern portions of new mexico in the news this morning for several areas of heavy rain we are tracking. several inches of rain on the forecast and because of that we have a flash flood threat in place in parts of texas saw the way to the northeast. let's head over to you. sandra: thank you very much. global action market when the time before we hand it to maria bartiromo to kick up to 6:00 a.m. hour. stay with us. ♪ nting how we do business by leading the way on tax cuts.
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we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business
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maria: a quick look at markets before we handed off to maria. dow futures point to a higher rail bid after the four-hour trading halted the new york stock exchange yesterday. commodities this morning that oil prices up a full percent. gold done a couple bucks. proper bouncing back a bit. he is a buyer of copper at these bubbles. time now for maria bartiromo. over to you. maria: hello, sandra. good morning it is thursday, july 9th. with me this hour, the pascarella jpmorgan managements, china investors looking the way this morning as the composite rebounded overnight. closing 200 points after real volatility. restoring confidence to slow the selloff and a discard shareholders more than $3 trillion in market value in the last three weeks.
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the new york stock exchange running after a four-hour halt trading yesterday. the longest ever caused by a technical glitch. here's the group tom farley told us about the disruption. >> there is a configuration causing difficulty and make their continued to trade and our customers may have problems for the better decision was let's figure out what the configuration area as input and a plan to bring it back up and do it before the close. maria: alcoa trading higher this morning despite earnings may explain god followed a limit of prices and surging exports from china. alcoa did give reason for optimism in this morning. as you can see indicated fractionally higher. features like the this morning in terms of the broader averages in the u.s. we picked a higher opening. look at the dow industrials after the volatility in asia at the market began lower and reversed forward.
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"the wall street journal" says apple is prepping for its next iphone. suppliers has to manufacture between 85 and 90 million units of new models by december 31st from the units ordered during masters run. tom selleck known by many for his roles as magnum p. i. is being blamed for stealing butter during the historic drought. a complaint from water utilities from water utility says plotter from hydra was delivered to hidden valley ranch on multiple occasions. between 2013 and 2015. jason pierre-paul having his finger amputated after his accident last weekend. he made the decision to hasten his recovery before the upcoming event. back to the morning's top stories on the floor of the stock exchange for four hours. officials say no foul play was involved and instead blame it on technical issues. joining us right now is cybersecurity expert
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