i have diane, she anchors business news. well, if hilarity were a hot dog eating contest, many would have entered him, he hosteds the great comedy podcast, comedy bang bang. and in texas, he is a bucket. it's my side kick, bill schultz and sitting next to me, progressive liberal miles mcguinnis. his brother's book is out in paper back, i changed the title

. >> some business news now, and a major merger is in the making. >> to spanish companies are negotiating a multi-billion euro deal to create germany's number one cell phone company, and that has everyone talking. >> germany could soon see its cell phone sector dominated by a new giant. the companies are minor players, but a merger would make them the number one. that distinction currently belongs to t-mobile with almost 37 million customers. just behind is vodafone. together, these two spanish companies would have 40 million users, the largest customer base in germany. both companies are interested in combining their forces. doing so could save them more than 5 billion euros.

[first business them you're watching first business - financial news, analysis, and today's investment ideas. good morning everybody. i'm angela miles, and thank you for joining us for today's edition of first business. coming right up: summer sizzle: a trader clues us in on what stocks are heating up. plus, big signs the housing market has turned the corner from the crisis. battle with unemployment: the little-known problem that female veterans face after returning home. and, into the wild, in style: why you don't have to be the outdoorsy type to go camping anymore. but first, we begin with trader talk, and that's with andrew keene, president keeneonthemarket.com, who is standing by this morning. good morning to you, andrew. - good morning, angie. - we are watching the summer trade today. what do you anticipate will be some of the big market movers here? - i think the stock market is going to continue to move higher. as we can see, we will get pullbacks at some points, but i think the pullbacks will get bought. one sector i am looking at in particular, the airline stocks: lcc, luv, th

alright, some business news now. more signs that europe's biggest economy would be picking up faster than expected, german business confidence is up for the third month in a row. >> the rise in the closely watched ifo index was forecast. the new survey is pointing to potentially much better performance in the second quarter. there was also some very bad news on the markets for one big- name german firm. our correspondent has more from frankfurt. >> electronic giant siemens shocked the markets today with a massive profit warning. the company is not able to reach its goals for 2014. after the management already said that forecast for this year have to be lowered, shares really went down sharply. shares fell by up to eight percent. this earnings season really seems to be a difficult one. numbers have been worse than expected, and also, the outlook has been pretty poor. >> now let's get you the market numbers. the dax index in frankfurt was down by almost a whole percent, finishing at 8298. euro stoxx 50 also down by a l

. >> also some business news as well, so please stay with us. we will be back right after that short break. >> welcome back. paris has been hosting the first german-french energy conference. >> france says it wants to cut its dependency on nuclear energy, currently pegged at 75% of the country's power supply. >> experts and officials have been gathering to discuss working together on renewable energy. the german prime minister said that to reduce costs and increase energy security across europe. >> it was the last appearance for france's environment minister. later she was fired for criticizing the french president's budget. >> earlier, we spoke with the cheap energy analyst at the german institute for economic research. i asked her how realistic the french plans are to reduce use of nuclear power from 75% to 50% by 2020. >> i think it is realistic. we have to see that the nuclear power plant in france are already quite old and need to be replaced, and they could be replaced with renewable energy, so germany is doing that as well. france has hig

alright, some business news now. more signs that europe's biggest economy would be picking up faster than expected, german business confidence is up for the third month in a row. >> the rise in the closely watched ifo index was forecast. the new survey is pointing to potentially much better performance in the second quarter. there was also some very bad news on the markets for one big- name german firm. our correspondent has more from frankfurt. >> electronic giant siemens shocked the markets today with a massive profit warning. the company is not able to reach its goals for 2014. after the management already said that forecast for this year have to be lowered, shares really went down sharply. shares fell by up to eight percent. this earnings season really seems to be a difficult one. numbers have been worse than expected, and also, the outlook has been pretty poor. >> now let's get you the market numbers. the dax index in frankfurt was down by almost a whole percent, finishing at 8298. euro stoxx 50 also down by a l

. >> also some business news as well, so please stay with us. we will be back right after that short break. >> welcome back. paris has been hosting the first german-french energy conference. >> france says it wants to cut its dependency on nuclear energy, currently pegged at 75% of the country's power supply. >> experts and officials have been gathering to discuss working together on renewable energy. the german prime minister said that to reduce costs and increase energy security across europe. >> it was the last appearance for france's environment minister. later she was fired for criticizing the french president's budget. >> earlier, we spoke with the cheap energy analyst at the german institute for economic research. i asked her how realistic the french plans are to reduce use of nuclear power from 75% to 50% by 2020. >> i think it is realistic. we have to see that the nuclear power plant in france are already quite old and need to be replaced, and they could be replaced with renewable energy, so germany is doing that as well. france has hig

for first business news, i'm jackie keenan. the fdic reports the number of "problem" community banks is down, and bank failures have slowed. meanwhile, credit unions are catching on to consumers' overdraft habits. as fewer consumers overdraw their accounts, unions are increasing fees to $28, up from $25 a few years ago. big banks still charge the most, at nearly $35. americans are doing a better job of keeping up with credit cards. as the economy improves and banks remain tough on lending, the american bankers' association reports the delinquency rate on credit cards issued by banks fell to 2.41%, the lowest since 1990. it's down from 2.47% last quarter, and well below the average of 3.87% during the past 15 years. coming up, why large banks are predicted to report in with hefty profits this earnings season. first business continues after the break. expectations are low for the latest round of earnings news coming from corporate america. sheraz mian, director of research at zacks investment research, is on set with us this morn

for first business news, i'm jackie keenan. bp is also fighting back with a hotline. the number is 1-855- 662-3728. the oil company is encouraging the public to call with names of businesses making fraudulent claims. coming up, fear is keeping investors out of stocks. how to keep the faith when stocks drop. and, one trader's view on how a big ad company merger will affect consumer stocks. that's next. i'm going to pass chemistry, and i'll take it from there. i'm going to do what makes me happy. i'm going to work hard. be independent. live large. make the most of every opportunity. i knew i wanted to go to college. but figuring out how to pay for it? i didn't have a clue. the u.s. department of education has over $100 billion. and that's a lot of money. to help students pay for college. and the free application? you mean the fafsa. i did it online. it was easy. i'm never giving up on my goals. i will make a difference. i'm going to find out how to pay for college. i'm going to college.gov. we continue to hear reports of americans shying away from the stock market out of

e we know the news business is difficult. sometimes mistakes happen. mmy kimmel ran a clip that proves there are no second chances on live tv. >> one of our local news channels here in l.a. was at a youth swimming club this morning. watch this as a reporter learns the extreme importance of the words get set. >> a lot of people are members of the swim team. wave, everybody. on your mark, go. >> staying on topic, a local news station in new zealand could learn a thing or two from our wonderful graphics team upstairs. the animation could be even worse the worst graphic ever. >> the cop changed the tire but when he returned the bull cross attacked his tire, again puncturing. it another officer came to the aid, but he too had his tire attacked and punctured. so an animal control officer was called in but his tire was also attacked and punctured. >> turning now to some celebrity news, kyra sedgwick sliced the top of her finger off. kevin bacon posted gruesome photos saying she isn't always healthy. if you chop the end of your finger off, ouch. >>> as any fan

commissioner that places you on item 17, new business? >> any new business? >> seeing none, next item. >> commissioners that places you on item 18. is there a motion and i want to motion on honor of chris >> commission meeting adjourned at

commissioner that places you on item 17, new business? >> any new business? >> seeing none, next item. >> commissioners that places you on item 18. is there a motion and i want to motion on honor of chris >> commission meeting adjourned atrybody and welcome to the repeatedly scheduled meeting of the san francisco entertainment commission. tuesday june 18, 2013. black stone call

you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's friday, july 12th. i'm angela miles. in today's first look, it's turning into a record week for stocks. the dow and s&p both closed at all-time highs! the nasdaq had its best finish since october 2000. the market is reacting to comments from fed chairman ben bernanke that economic stimulus will continue for now. homebuilding stocks were among the sectors helping the market pound out gains. gold bumped $37. oil slid $1.90. meanwhile, at the treasury, a $117 billion dollar budget surplus as the government took in more than it paid. mortrgage rates are on the rise. the 30-year fixed jumped to 4.51%, the highest in 2 years. 15-year loans rose to 3.53%. j.p. morgan and wells fargo both report earnings today. joining us now, scott bauer of trading advantage. on the trading floor, what is the trader talk today? will the banks set the tone? - not only is it going to set the tone for today, angie, i think it's going to set the tone for the rest of the earnings season, and go

for first business news, i'm jackie keenan. apps are big business. apple alone has 3 billion downloads per day from its app store, totaling more than $200 million. coming up, tips on how to reduce insurance costs for young drivers behind the wheel. that's after the break. questions are arising about why it costs so much more to buy car insurance for teen drivers. joining us via skype this morning, laura adams of insurance quotes.dom. good morning, laura. - good morning. - these numbers are staggering. take a look at this. in the state of arkansas alone, premiums are up 116%. utah, wyoming, alabama, and idaho not that far behind. why are these prices going up so rapidly? - the cost to add a teen driver to an existing policy is going to vary depending on where you live. teens are typically the riskiest and the most expensive drivers to insure, but what we're finding is from state to state, it's going to vary considerably. as you mentioned, a high of 116% increase to add a teen driver in arkansas. - that's- that's very high... - it is. so, that's more t

commissioner that places you on item 17, new business? >> any new business? >> seeing none, next item. >> commissioners that places you on item 18. is there a motion and i want to motion on honor of chris >> commission meeting adjourned at >> it's not being treated as such. it did pass the assembly and what it does is it /saobgs to reduce the voter threshold for general local bonds and related taxes so it did pass the assembly, which is remarkable, but it's in the senate and i think the out look in the senate is all such voter threshold related measures will likely be deferred 'til next year so they can sort out the various policy areas that are under consideration ranging from education parcel taxes to general bonds so there'll be a lot of work done and we wanted to put this on the agenda so if we come back year we're already on top of it. couple other key bills i mentioned from time to time -- they're both eye dent cal bills -- they deal with the [inaudible] program. the bills would extend those programs come /pwhraoet with the fee authority and necessary f

new normal. for "nightly business report," i'm diana olick in washington. >>> for more on rising impact rates, log on to our website nbr.com. >>> a big set back for apple today. a federal judge in new york ruled that apple conspired to raise the prices of e books. she came down hard on apple saying the company not only colluded with five major publishing houses to take on the lock on electronic book sales but master minded the strategy. according to the ruling, apple encouraged publishers to jack up prices 50% or more overnight to break the $9.99 book prices. apple insists it did nothing wrong and will appeal the ruling. >>> apple is facing a ban of top-selling bad ggadgets on aug 5th. they are asking the trade commission to lift the band pending the appeal of another case thecently lost. last month they halted the sales of iphone 4 and ipad 23 g in a ruling apple infringed on a patent owned by rival samsung electronics with technology on those two devices. >>> the tribune company wants to split into two. it plans to separate the newspaper publishing businesses that includes big dailies like the l

commissioner that places you on item 17, new business? >> any new business? >> seeing none, next item. >> commissioners that places you on item 18. is there a motion and i want to motion on honor of chris >> commission meeting adjourned at test, test, test, test, test, test, test, test >> good morning, everyone the meeting will come to order. this is the tuesday july 18th of the transportation housing authority. i'm erick i'm the chair of the committee and other supervisors. able commissioner kim is on her way. madam clerk can you call the

thank you very much. >> any new business commissioners? okay. >> i move that reconvene in fav? >> aye. >> okay. >> motion to reconvene open session. >> so moved. >> all in favor? >> motion to adjourn. >> motion to disclose. >> i move that we do not disclose what we discussed in closed session. >> second. >> all in favor? >> aye. >> motion to adjourn the meeting. >> i move that we adjourn the meeting in memory of john bickle and willie kennedy. >> all in favor? >> aye.. >> thank you. hi, i'm lawrence. doing a special series about staying safe. let's look at issues of water and sewer. we are here at the san francisco urban center on mission street in san francisco and i'm joined today by marrielen from puc and talk about water and sewer issues. what are things we should be concerned about water. >> you want to be prepared for that scenario and the recommendation is to have stored 1 gallon per person per day that you are out of water. we recommend that you have at least 3-5 days for each person and also keep in consideration storage needs for your pets and think about the size of

thank you very much. >> any new business commissioners? okay. >> i move that reconvene in fav? >> aye. >> okay. >> motion to reconvene open session. >> so moved. >> all in favor? >> motion to adjourn. >> motion to disclose. >> i move that we do not disclose what we discussed in closed session. >> second. >> all in favor? >> aye. >> motion to adjourn the meeting. >> i move that we adjourn the meeting in memory of john bickle and willie kennedy. >> all in favor? >> aye.. >> thank you. he is >> can we all rise please for the pledge of allegiance. of the united states of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all mr. president, i'd like to call roll (calling names) mr. president, you have a quorum. also with us this evening e evening if so the chief of police >> welcome to the commission meeting. tonight we're going to add something to our agenda we're going to have the general public comment we're going to have an accomodation for one of the finite and a line item one for the meeting minutes for june 26, 201

next item, please. >> item 11, new business. >> does anybody have any new business? seeing none, next item, please. >> item 12 is adjournment, is there a motion to adjourn? >> i move. >> i second. >> all in favor? >> aye. >> meeting adjourned. >> commissioners, the final is 3:24 p.m. >> thank you commissioners. >> san francisco recreation and parks department offers classes for the whole family. rec and parks has a class for everyone. discover what is available now and get ready to get out and play. henri matisse. frida kahlo. andy warhol. discover the next great artist. get out and play and get inspired with toddler classes. experience art where making a mess is part of the process. classes and the size the artistic process rather than the product. children have the freedom to explore materials at their own pace and in their own way. talks love art, especially when they died into the creative process -- dive into the creative process. at the end of the classes, they have cleaned and washup. of.com great way to get out and play. for more information, visit sfrecpark.

you're watching first business: financial news, analysis, and today's investment ideas good morning!it's tuesday july, 16th.i'm angela miles. in today's first look: trading ahead of fed. federal reserve chairman ben bernanke is to set to testify about the economy on capitol hill tomorrow and thursday. it's not detering the stock market. monday the dow and s&p rallied to record highs.the nasdaq lifted 7 points higher.while gold gained 6 dollars and oil added on 50 cents. the mercedez benz c class sedan is under investigation for potential risk of an electrical fire.200-thousand cars built between 2008-2009 are being checked.21 owners reported issues.and, executive search firm heidrick and struggles.. is losing its ceo.kevin kelly steps down. we hare checking on the bond market this morning with tom boylan of performance trust. tom, good to have you back on the show. the fed is back in focus with testimony happening on the hill this week. how is the bond market likely to react? > >for the last couple of weeks since the unemployment report came out a week ago friday the ten year treasur

. >> return to business news. deutsche bank has been tried to turn over a new leaf since the bosses took over a year ago but the mistakes of the past continue to haunt them. >> the published results with profits cut by half. the bank is going on a radical diet and planning to shed hundreds of billions in assets to comply with international rules. >> legal costs. they have lots of them. they are facing their role in the collapse of the mortgage- backed securities market. and the huge triumph of the bankruptcy. they have set aside 630 million euros for the cost. profits from investment banking rose almost 60%. profits from private and corporate banking was 500 million. restructuring will create expenses. and where assets have been expanding the losses. the latest figures show they have 33 times more money than in equity. >> investors did not think much of the new report. >> investors were caught on the wrong foot totally. people here had hoped for a better profit picture. when is a series of expensive legal conflict

here is linda bell live in new york with fall of your business news.good morning linda. >> hello to you scott jummy. they are looking at more quarterly reports and comiek ecc routes and goldman sachs and they are google and yahoo are coming out with their quarterly results. we'll get a peek at how much retail therapy americans were getting last month. the commerce department released the sales numbers. there are slight gains at the opening bell. crude oil prices have been spiking to 15 month highs and prices a the pump are starting to reflect that. the district was the most expensive of the states to fuel up. drivers are paying $3.80 for regular unleaded gas. that is higher than the national average of $3.60 a gallon. >>> let the ey iphone line begin now. i will have more on the coming up in the next hour. live from bloomberg headquarters in new york. >> it's 4:36 and 77 degrees out there. >>> asiana say their there i >>> welcome back it's 4:39 on this monday morning and we are anxious to see what kind of week we have ahead of us. it's been a great wee

. >> return to business news. deutsche bank has been tried to turn over a new leaf since the bosses took over a year ago but the mistakes of the past continue to haunt them. >> the published results with profits cut by half. the bank is going on a radical diet and planning to shed hundreds of billions in assets to comply with international rules. >> legal costs. they have lots of them. they are facing their role in the collapse of the mortgage- backed securities market. and the huge triumph of the bankruptcy. they have set aside 630 million euros for the cost. profits from investment banking rose almost 60%. profits from private and corporate banking was 500 million. restructuring will create expenses. and where assets have been expanding the losses. the latest figures show they have 33 times more money than in equity. >> investors did not think much of the new report. >> investors were caught on the wrong foot totally. people here had hoped for a better profit picture. when is a series of expensive legal conflict

. >> let's turn to business news now because there's good news from the u.s. labor market -- a government jobs report showed sharp hiring gains last month. but the pace of hiring could not bring the u.s. unemployment rate down. it is stuck at 7.6%. the average unemployment rate in the u.s. is six percent. well, good news from the u.s. jobs front went down badly in europe, causing a selloff. this report on why the markets reaction was so negative. >> the situation on the labor market in the united dates is getting better. this piece of news caused a wave of sales on the stock market here in frankfurt. the better the situation on the u.s. labor market, the earlier the federal reserve will and its generous supply of money or generous monetary policy. this means the speculation with cheap reserve bank money and german stocks cannot go on forever. besides this, the recovery of the u.s. labor market also makes clear how sigfica differences are bet ameca an eure in terms of econoc namics. one more reason for inves to seerman stocks this friday. >> let's take a look a

. >> a bit of business news. executive heads may be rolling at siemens. the engineering giant downgrade its profit forecast for the second time in three months. shareholder representatives are due to meet this weekend to discuss the management of the firm. >> it is been a bad few months for siemens. it wound down its unprofitable solar business in june. burn -- a failed winter a wind turbine have put the pressure on the company. last year, the forecast is optimistic. >> our new goal is to increase our profit margin across our divisions, or 9.5% in 2012 to at least 12% in 2014. thursday, they said that target was no longer realistic. despite a multibillion cost- cutting drive, the news sent shares tumbling seven percent. in 2007 afterover the company's reputation was tarnished in a bribery scandal. willupervisory board discuss the company's future. his job may be on the line. >> in a moment, we will preview the german super cup. fire has forced families to leave their phone -- leave their home. a man has been charged with causing the fire, burning stubble

thank you very much. >> any new business commissioners? okay. >> i move that reconvene in fav? >> aye. >> okay. >> motion to reconvene open session. >> so moved. >> all in favor? >> motion to adjourn. >> motion to disclose. >> i move that we do not disclose what we discussed in closed session. >> second. >> all in favor? >> aye. >> motion to adjourn the meeting. >> i move that we adjourn the meeting in memory of john bickle and willie kennedy. >> all in favor? >> aye.. >> thank you. >> hi today we have a special edition of building san francisco, stay safe, what we are going to be talking about san francisco's earth quakes, what you can do before an earthquake in your home, to be ready and after an earthquake to make sure that you are comfortable staying at home, while the city recovers. ♪ >> the next episode of stay safe, we have alicia johnson from san francisco's department of emergency management. hi, alicia thanks to coming >> it is a pleasure to be here with you. >> i wonder if you could tell us what you think people can do to get ready for what we know is a coming earthq

. >> let's turn to business news now because there's good news from the u.s. labor market -- a government jobs report showed sharp hiring gains last month. but the pace of hiring could not bring the u.s. unemployment rate down. it is stuck at 7.6%. the average unemployment rate in the u.s. is six percent. well, good news from the u.s. jobs front went down badly in europe, causing a selloff. this report on why the markets reaction was so negative. >> the situation on the labor market in the united dates is getting better. this piece of news caused a wave of sales on the stock market here in frankfurt. the better the situation on the u.s. labor market, the earlier the federal reserve will and its generous supply of money or generous monetary policy. this means the speculation with cheap reserve bank money and german stocks cannot go on forever. besides this, the recovery of the u.s. labor market also makes clear how significant the differences are between america and europe in terms of economic dynamics. one more reason for investors to sell german stocks this f

commissioner that places you on item 17, new business? >> any new business? >> seeing none, next item. >> commissioners that places you on item 18. is there a motion and i want to motion on honor of chris >> commission meeting adjourned at >> hello, san francisco. holley here with another look at buzz worthy activities that won't break the bank. nonfrench speaker discover french cinema, san francisco offers its weekly tuesday night class centered around the french film and conversation. the classic starts at 6:45 and free wine, refreshments and popcorn, also a $5 donation at the door. the treasure island flea is an open air flea market from designers, collectors, bakers and more. the flea takes place the last weekend of every month and features outdoor exhibits, scavenger hunts, and gourmet food trucks as well as spectacular views of downtown san francisco. do you know there is a place in golden gate park that is heaven for inline and roller skaters who like to boogie to the funky beat on wheels? skaters have been rolling here since the disco days of 1979. it

thank you very much. >> any new business commissioners? okay. >> i move that reconvene in fav? >> aye. >> okay. >> motion to reconvene open session. >> so moved. >> all in favor? >> motion to adjourn. >> motion to disclose. >> i move that we do not disclose what we discussed in closed session. >> second. >> all in favor? >> aye. >> motion to adjourn the meeting. >> i move that we adjourn the meeting in memory of john bickle and willie kennedy. >> all in favor? >> aye.. >> thank you. >> hi, in san francisco we're doing a special series called stay safe, about staying in your home after an earthquake. and today we're going to be talking about the neighborhood support center to help people find new resources when they stay in their home. ♪ ♪ >> we're here at the urban center in san francisco with sarah karlewski, deputy director of spur. we're talking about the shelter, a safe place to stay, exhibition at their center. and part of being able to shelter in place in your home is to be able to find a place nearby where you can get the services that you might not have in your home. an

it is the one it has been a good summer to start a business. newses are geting money and gold coast bank ceo joe perry is not getting too comfortable. he said the good times are over. the clock is ticking on the good times, and they are just starting. >> absolutely. we have experienced this is an increase in loan demands, companies come and in the summertime and we have a passion for landing and they want to borrow and they want to build this and expand their business. >> what happens at that point in the commons to the small banks because we give them personal service and they have access but they don't get from the larger banks. even from a real estate point of view. what we have is increased borrowing for expansion of warehouses and we also have real estate investments going on. charles: things are booming. >> that's right, absolutely. however what happens is the constraints by the government as they began to tighten around the banks, because they are hiring capital ratios, they are requiring them to keep more cash, what this does is does not en

doing and we request that this permit this is now if place be added to the new security plan the new business plan and the 3 new partners. if you have any questions we'll be happy >> i do. so let me be perfectly clear you're not coming before us for o a po e but to make a major amendment. your clients have bought the corporation >> no. >> they have bought the liabilities and the assets. >> correct. >> they're not shareholders. >> but okay. so what you are asking us because i want to be really clear you're asking us in this major amendment is to add the new partnership because of the percentage of ownership? >> correct. >> and to add on a new security plan. >> yes. >> and is there anything else. >> off the top of my head no. >> and if for some reason it didn't pass it would still exist. >> that's correct. >> so i want to make sure it's been a while since i've done a major amendment. okay. so mr. quan is now a minor partner >> correct. >> and - >> mr. mcdonald. >> so this truly is the change in partnerships. >> yes. >> thank you. so commissioners just to be clear for those of you who have not d

and it had become a nuisance and we worked with this and the original applicant had lost his business and the new business owners had not transferred the permit and it was removed. >> for lack of maintenance. >> and i think that is an important aspect of the program. >> we tell people that these are temporary enough that sort of floats, and the parklets are not... and they are designed to the easily removed. and if it is not working staoet can revoke the permit. >> thank you. >> don't walk off yet. >> how many parklets are there currently in san francisco? >> currently we have about 40 on the ground and 39 or 40. i am not sure if the numbers are squishy because the ones that are about to start or under construction. >> how many are in application? >> we have i think about ten or 15 that have been from a long time ago running away from the process and some will not make it through. we just opened a new application process and we took a long time because we wrote this to clarify the rules of the program. and we had 55 applicants in the latest round. and we are seeing for these spaces. >> okay. >> t

. >> moving onto business news now, one of the biggest names in german industry is in the midst of a board room battle. some are calling it a coup. >> the company's name is siemens, a conglomerate that makes everything from vacuum cleaners to power stations. it emerged that the ceo after the company issued its -- some say this story is not over yet. investors hopes that the new chief executives could shake up the multinational after a number of embarrassing scandals. now the abrupt dismissal is on the list. >> it is surprising that the changeover of such a major position happened in such a brief amount of time. one would have expected the supervisory board to lay a much more extensive plan. >> they have denied reports in the newspaper that he was willing to go only if he went, too. instead, he has taken the blame for a series of missteps that plagued him during his time as ceo, including delays in the wnd turbine projects and missed delivery targets. he was once the man. >> all of that drama in the grips of the market says it got underway. more on the story. >> people here on the flo

that's the latest in business news. i will leave you with a check on markets. . >> some residents are still waiting to go home. advanced tracts of land are waiting to be restored. and more than half of fishing ports on the pacific coast must be rebuilt. people in north eastern japan still face challenges following the 2011 disaster. but step by step, they are moving forward. see their stories every wednesday on the road ahead right here on "newsline." >> workers at the fukushima nuclear plant are struggling to cope with one problem after another. nuclear regulators say it's highly likely that contaminated water is seeping into the sea. they have a working group to find the cause and find ways to stop it. the plant's operator has been reporting high levels of substances in a well near the sea since may. they said on tuesday that levels of cesium in a new observation well had raised several hundred times. officials of the nuclear regulation authority discussed the problem on monday. >>> it is essential to find out why thi

. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >> welcome to the show, everyone. ross is still feeling under the weather, so you get me today. let's take a look at the markets. the s&p 500 hitting a new record at the end of last week. so what's next for u.s. markets? we'll hear from one analyst who says we could retest 1,600. find out why at 1100 cet. >>> and forget asuring a countr health by its assets? tune in to find out how china could overtake the u.s. as the world's wealthiest built asset nation by as early as 2014. >>> and mcdonald's reports earnings before the bell later today. so will investors be left satisfied for hungry for bigger profits? we head stateside for a preview at 11:30 cet. >>> and late surge, four birdies and six holes saw phil mickelson win the british open, but is he scoring as well on his bank balance? we take a look at the world's wealthiest golfers in the next hour. >>> but let's come back to one of our top stories today. japan's prime minister, shinzo abe, says he'll press ahead with reforms, that's after scorin

we will take a look in business news. >>> meanwhile, we have got two very dangerous wild fires burning across the state of california. one now actually might mean you have to postpone your trip to big sur. we are going to give you the latest on the it is a sahara fire, as well as the mountain fire in southern california and your all-important weekend forecast, when nbc bay area news at 11:00 comes right back. >>> the "rolling stone" issue featuring the boston bombing suspects hits store shelves today but you might have a hard time finding it. that's because cvs, rite aid and walgreens all say they will not carry this. you may recall the cover features dzhokhar tsarnaev and some say "rolling stone" has made him look just too much like a rock star. yesterday, new photos of the suspected bomber were released in response to the magazine's cover photo, under the headline "the real face of terror." she show a snipers a target centered on tsarnaev's forehead the images were taken by boston's police department tactical photographer who is in trouble for releasing the photos. he has been tempor

. >> moving onto business news now, one of the biggest names in german industry is in the midst of a board room battle. some are calling it a coup. >> the company's name is siemens, a conglomerate that makes everything from vacuum cleaners to power stations. it emerged that the ceo after the company issued its -- some say this story is not over yet. investors hopes that the new chief executives could shake up the multinational after a number of embarrassing scandals. now the abrupt dismissal is on the list. >> it is surprising that the changeover of such a major position happened in such a brief amount of time. one would have expected the supervisory board to lay a much more extensive plan. >> they have denied reports in the newspaper that he was willing to go only if he went, too. instead, he has taken the blame for a series of missteps that plagued him during his time as ceo, including delays in the wnd turbine projects and missed delivery targets. he was once the man. >> all of that drama in the grips of the market says it got underway. more on the story. >> people here on the flo

moving onto some business news, economic growth may have slowed in germany, but strong employment figures have kept those tax revenues rolling in. they collected nearly -- in the first half of the year. that is 3.5% more than in the same. income tax revenue also rose. tax collection figures were not the only ones. they also released their monthly report. more on this figures as well as how they went down and the markets. >> they spilled water into the wind today by predicting that the herd and the fourth quarter this year will be very difficult for the german economy while the second quarter has been excellent. these projections on the frankfurt floor, investors are waiting for the members of the big companies to come, but the outlook will be as bad as feared. it'll be a very difficult year for the german economy. shares unchanged. >> at second quick look at the markets by the numbers. the dax here was down slightly. 8331 was the finish. your stocks up ending at 2725. over the united states, the dow jones is trading up. the euro against the dollar, 130 1.83, up slightly. >> the news every

time for the latest in business news. investors are feeling confident. american central bankers will stick to the tune of easy money policies for a while. we go to the business desk. what makes them so sure? >> they listen to speeches and statements and minutes. they base their trades on what the fed will do next. that's one reason why they closed at record highs as federal reserve chairman ben bernanke's comments reassured investors that the bank will continue its monetary easing policy for sometime. the dow jones rose 1.1% to end at 15,460 reaching an all time closing high. the s&p surged setting a new record and the nasdaq closed at the highest level since 2000. for more on the japanese markets, let's go to the tokyo stock exchange. following a strong performance overnight, how are tokyo stocks opening? >> good morning. investors don't seem to be encouraged by the developments in the u.s. here are the opening levels for friday, july 12th. we will see if we can get the opening numbers up for you. we are having a technical difficulty. the nikkei is lowe

operations are underway, but they're likely to be be hampered by the continuing heavy rain. >> on to business news, staying with china, there are growing concerns about the dig is to creditor nation. new data shows an unexpected economic slowdown for the asian giant. >> there has been a surprise fall in exports and a chinese official has admitted that the foreign trade is facing "grave challenges." >> few experts saw this coming, a sudden plunge in overseas shipments. rather than the project did 4% rise, they fell by 3%. it was the first decline in 18 months. imports to the second-largest economy were also down. >> especially in may and june, imports and exports look grim. i believe this is caused by many factors. the chinese foreign trade faces severe challenges. >> officials blamed the disappointing data on weak overseas demand. exports to the u.s. fell by 5% and europe by 8%. >> many he lego global demand, that seems to be the position that has just contracted to where it's nearly negative growth across the whole zone. it is not surprising. i think there could be a further softening over the co

news for us. we're heart broken. we're in the business of saving lives. and many lives were save that had day on july 6th related to flight 2146789 i continue to be very proud of all of the men and women of our demt many members risk their lives to save passenger that's day. >> this is video of the victim, the chief says she and san francisco mayor have contacted her family through the chinese consulate and offered to meet with them. >> just in from sfo today's asiana airlines flight 214 had to do a go around before landing at 1:41 p.m. 214 the flight number that crashed on july 6th this must have been frightening today, that pilot back on the 6th requested a go around just seconds before the crash no. explanation for the go around, but faa disappoint out they can be requested for routine reasons. >> a $25,000 reward is now being offered in the murder of 8-year-old that was shot and killed while at a sleepover at her best friend's nous oakland. family and friends held a vigil for her, but there was a moment of conflict when some activists showed up planni