for four centuries, it was an portuguese rule. -- under portuguese rule. in 1962, chinese businessmen stanley ho was the first to usher in a new era of casinos in mcau. -- macau. for decades ho built a gambling empire. today, one of those investors is stanley ho's son. father revolutionize the casino markets 40 years ago in mcau. -- macau. throughout my life it has been about trying to prove myself. >> it was important to you to prove that you could build a company from scratch? >> yes. >> determined to break out of his father's shadow, lawrence partnered up with an australian, himself the son of a famous tycoon, and together -- their properties give las vegas landmarks a run for their money. >> the city is the ultimate educatedon for urban macau. integrated resort well to -- where tourists come to not only put your chips on the table, but stay at five-star hotels. >> what has less vegas inspired in you or what have the casino moguls there -- how have they helped you along in terms of inspiration for macau? asia, a lot ain people build slowly and are more

two stocks to watch. >> the portuguese lenders.ver the weekend, rescues by the portuguese central-bank after it rose. well, it gives a boost to the other portuguese lenders. rules in placeng to save banks if they need it. performer on the european stocks. check in on hugo boss, german luxury company. you may have the suits or dress right now. it seems a private equity company that owns a stake could be looking to sell it off. shares are trading lower. the worst performer once again, afren continue. we saw them plummet in share prices last week. though most on record. the top two executives were suspended amid a probe. discussing thes payment seems to be going to a nigerian affiliate. thanks very much. other top headlines. is current outbreak of ebola threatening library is recovery -- liberia's economic recovery. must doer said in they more to stop the incurable disease from sparing -- spreading. >> this is an emergency, we have never experienced this before. the measures that we need in place are not being adult at -- adequate. ne

, this man walked into the president's office. >> [speaking portuguese] >> president luiz inacio lulava, known simply as "lula," is a former metalworker with a fourth-grade education and a doctorate in charisma. >> [speaking portuguese] >> when he was elected in 2002 on his fourth try, lula was a firebrand labor leader with socialist tendencies. some predicted another hugo chavez, but he left office at the end of 2010 with an 87% approval rating and much of the credit for turning the country around. we talked to him at the presidential residence in brasilia. when you took office, there were many businessmen both in brazil and abroad who were very nervous about you, who thought that you were a socialist and that you were going to take the country sharply to the left, yet these people now are among your biggest supporters. how did that happen? >> [speaking portuguese] >> male translator : look, every once in a while, i joke that a metalworker with a socialist background had to become president of brazil to make capitalism work here, because we were a capitalist society without capital.

about thelk portuguese bank failure. are two guests to dive into the european ramifications of what we will see off of the failure in portugal. fed andtalk about the janet yellen. we will look at iraq and israel. isis.dvances were made by it we are in the middle of that truce in gaza. we will go to tel aviv for comment. >> thank you very much indeed. tom keene is joining us shortly. the ebola outbreak is gripping west africa. it is a threat to neighboring countries. 800 people have died, make it the deadliest outbreak. the numbers are getting dramatic to say the least. what do we know? 1500 are infected. they tend to die. they have got three countries declaring states of emergency. it is so deadly that it is deemed a category a bioterrorism agent. the united states department of defense that funds research to finding a cure. there is no known cure as yet. the who is asking for $100 million to put more nurses and doctors on the ground. all they can really do is help you and give you fluids and some sort of and about excep

for four centuries, it was under portuguese rule. is the closest place to china where gambling is legal. in 1962, stanley ho was the first person to usher in a new era of casinos in macau. he paved the way for other investors to make it big in macau. today, one of those investors is his son, lawrence ho. >> my father revolutionized the casino market 40 years ago in macau. he brought in a new style. throughout my career and life, it has been about trying to prove myself. >> it was important to you to prove you could build a company from scratch? >> yes. >> determines to break out of his father's shadow, he partnered with james packer. himself the son of a famous tycoon. their properties include two extravagant resorts. >> it is the ultimate destination for urban entertainment in macau. >> lawrence refers to the "city of dreams" as an integrated resort. where tourists come to spend at boutiques and stay at five-star hotels. >> how have the casino moguls in las vegas helped you in terms of inspiration? >> many times in asia, a lot of pe

for four centuries come it wasn't a portuguese rule. today, it is the closest place to china where gambling is legal . was the stanley ho first to usher in a new era of casinos in macau. for decades, he built an empire that raked in elian's. he paved the way for other investors to make it big in macau. today, one of those investors is his son, lawrence ho. >> my father revolutionized the casino market four years ago. he brought in a new style. throughout my career through my life, it has been about try to prove myself. >> it was important to you that you could build a company from scratch. >> deftly. >> lawrence partnered up with australian james packard, the son of a famous tycoon. together, they formed macau. their properties include two extravagant results -- resorts. ultimate test destination for urban entertainment in macau. >> lawrence prefers -- refers to the city of dreams where tourists come to put their chips at the table and stay at high-end hotels. >> what has las vegas inspired in you or what has helped you along in terms o

there were 450 years of portuguese presence in macau.father helped create and pave the foundation for macau today in terms of creating the largest industry, the gaming industry of 50 years. we would very much want to help grow macau to be something that is more exciting and more important. we definitely carry that torch. >> pansy has a 27% stake in mgm china, which owns the mgm grand macau property. the casino made $3.3 billion in revenue last year. >> you have this partnership with mgm. how is that relationship going? >> it is going very well. this is the moment when we are resting on our laurels, and we have done fantastically well, especially last year. we are now snug in the position where we have formed a strong professional team, which really oversees the daily operations. we have the time and space to consider long-term perspective strategies for the future. >> of a 30 million visitors who come to macau to roll the dice each year, more than 60% of visitors are from mainland china. hong kong is a one-hour ferry ride. >> what has be

seeking to put an end to its will -- it's portuguese woes.urope's stock market also ended the day in positive territory marginally so. shares were dragged higher as a well watched reading of the private sector in the eurozone climbed higher this month. talking through a few other stores that midway in the market french media conglomerate vendee ended the session 3% higher. it said it would consider a 6.7 billion dural -- your obit -- 6.7 billion euros bid. it says the purchase of gdp would make -- of gvt would make them the biggest the latin american market. earnings between april and june four door to post -- for deutsche post stands for nearly three quarters of the wider groups revenues. lesser deliveries have come down. and i'm there says it is assisting chinese competition authorities with a probe. the exact nature of this investigation is unclear, but the german carmaker confirmed antitrust officials have gone to the offices of its mercedes brand in shanghai. there are reports the probe is honing in on what chinese officials consider unf

portuguese government insists taxpayers won't be left with the bill. the bank is being billed as test case for euro zone. its framework on how to unwiped failing lenders after the financial crisis is seen to be put to the test. the bank is also putting its founding family in the spotlight and we have more on that part of the story. >> this was one of the oldest and biggest financial institutions and its breakup putting one of the family's most prominent families in the spot light. 20% is owned by a chain of companies owned by the family who is roots date back to the 1860's. today business empire ranges from tourism to health care and spans four continents. accounting irregularities made outside the financial business placed the bank on the brink of collapse. >> through those not subject to the super viss of the bank of portugal and in many cases jurisdictions difficult to access banjo santo developed a fraudulent scheme between companies. international experience shows schemes of this kind are very hard to detect before they collapse. >> ricardo is sus

. >> it was the best day in two weeks for the s&p 500, the rally began in europe where the portuguese government bailed out its largest banks, bond and stockholders took a big hit. stocks started the week in the u.s. the absence of bad news for europe and the ukraine lifted commodities stocks. energy stocks also rose as oil moved up for the first time in four days. for the rest of the week, traders are going to keep a sharp eye on europe. is the worst over? it may be too early to tell. >> there will be lingering concern about the economic condition in europe. worrying about them struggling under the sanctions, and we're going to wait to see if this honeymoon with the portuguese bank lasts. they had a bounce back there, it wasn't anywhere near the kind of selloff they had in previous days. >> earnings have been better than expected. with three fourths of the s&p 500 reporting, earnings are approaching a 10% gain from the same period a year ago, it's the best showing in about three years. and revenues are up about 5%. for nightly business report, bob pasani at the new york stock change.

our lead story today debt more specifically debt in the context of portuguese bank spirit. now late sunday portugal's central bank unveiled a four point nine billion euro or six point six billion dollars rescue plan for a bank of spiritual santo the central bank revealed the plan to rescue the country's second largest lender by breaking up the bank and pumping billions of euros worth of state money into it asparagus santo provided loans to its parent company euro fin holdings which is a luxembourg based conglomerate which has run into some trouble lately after an auditor accounting irregularities last month and the bank also sold billions of euros worth of debt to its own customers now under the four point nine billion euro plan depositors and senior bondholders will be sparred wall the banks non senior creditors and current shareholders will have to absorb the losses now most of the bank's deposits branches workers and operations will be transferred to a new entity or a good bank controlled entirely by the bank of portugal called novo bank now while bank our spirit has pro

banners denouncing civilian deaths hundreds of protesters also gathered at the israeli embassy in the portuguese capitalised that thousands marched across london voicing anger against the israeli strikes and in france more than ten thousand people marched through the streets of paris in support of the palestinian people. the country has seen weeks of protests since the start of the conflict some demonstrations ending in clashes while across the atlantic in new york two rallies happened at the same time on the same street one of them for israel and the other supporting palestinians were also gatherings near the white house parties lindsey french before us from what. after yet another failed humanitarian cease fire in gaza the people here gathered for the free palestine protest in front of the white house are just grieving for the tragedy happening overseas they're also feeling a lot of in. patience in patience because their relatives are the ones ducking for cover in gaza and many of them say this is not just a war of weapons and of ideology it's also a war of rhetoric and perception while we're

mexican player scored, giving portuguese the win.y have missed the group stages four times since the champion's league started in 1992. elsewhere russian league leaders beat standard lee ag 1-0. septemberic picked up an away goal -- celtic picked up an away goal. >> we have playing home now. this is what we'll do to go through to the group stages. i have a good feeling that we can reach it. >> the first ever draft of foreigners has been held in mumbai, building up to the indian superleague, a push to help football in popularity in the traditional cricket-mad nation. india is 150 in the world, and the league has minimal support. it will feature eight city franchises. owners include bollywood stars, former cricketers, spanish football champions of a club atletico calcutta. there must be 14 indian players from the city, the rest can be made up from foreigners. >>> golf season ending playoffs get under way on thursday with a barkleys event kicking off the fed ex cub. rory mcilroy wants to make it four wins in a row. the northern irishman

and the portuguese bank failure could be a preclude to a lot more of these.r at least stress test that measure up to the ones or formal treasury secretary tim geithner insisted on. do not minimize the potential impact of putin turning off the gas pump switch. it's one thing to be cold because of a lack of natural gas heat. you can put on a sweater, mom. it's another thing to have to shut down plants that use natural gas and given how it's the fuel for much of international industrial europe these days, a shutdown will be likely. it would have to -- it would either have to come to the peace table and say to russia, you have the ukraine, that in our president's eyes seems to have a parallel to the appeasement of germany or it would put through sanctions that would mean let's just say it, war. you have any other answers? i know i don't. but i doubt we get an actual east/west military collision. we more likely get a diplomatic resolution. it's just that right now it seems almost unthinkable until more economic damage is inflicted on both sides for the peace table

. >> today we're going to make the san francisco classic dish invented by italian and portuguese fishermenit'll be like a nice spaghetti sauce. then we will put in the fish soup. the last thing is the dungeon as crab, let it all blend together. it will be delicious. when i could, i will try to make healthy meals with fresh ingredients, whatever is in season and local. those juicy, fresh tomatoes will take about an hour to cook down into a nice sauce. this is a good time to make our fish stock. we will take a step that seems like trash and boil it up in water and make a delicious and they speed up my parents were great clerics, and we had wonderful food. family dinners are very important. any chance you can sit down together and have a meal together, it is great communal atmosphere. one of the things i like the most is the opportunity to be creative. hello. anybody with sets their mind to it can cut. always nice to start chopping some vegetables and x and the delicious. all this double in view is this broth with great flavor. but your heart into it. make something that you, family, and frie

speaking of which, rick santelli, how do you say sell jaf in portuguese? sell-off in portuguese? oy vey! that's how we used to say it. and good technical analysis. are you haves glazes over eyes? if you are, find out exactly what i mean by that, and show up after the break. if energy could come from anything?. or if power could go anywhere? or if light could seek out the dark? what would happen if that happens? anything. starts at 6:30 a.m. - on the (vo) rush hounose.und here but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. yyyup. with xfinity internet soyour family can use all their devices at once. works anywhere in the house. even in the garage. max what's going on? we're doing a tech startup. we're going public! [cheering] the fastest in-home wifi for your entire family. only from xfin fit can help youramily. busine

we have this bank, which is being bailed out by the portuguese government. $6.6 billion. they're going to split it up. we'll have a good bank and a bad bank. it's early doors on this rescue plan. and i know a lot of traders are watching this one closely to make sure there is no policy error here or that things go badly awry because it will get nothing. and the junior bondholders will also get hurt in this deal. so, there could be some protests around what actually takes place. that's a quick look at the markets. back to you, thomas. >> this stories on new york city is taking a new approach. talking about animal rescue. they're going to take over tinder. that's all that about? >> some wondering if they committed a howler here. effectively, they've put advertisements for puppies on tinder. as a happily married man i know little about this website. but the 10 million users are looking for love. not necessarily puppies. but this animal welfare group, social tease, have decided this is one way to try to match their puppies with a future permanent home. i know some of the twitt

take vo --de acuerdo a la directiva americanista, los portugueses no quieren pagar lo que ellos consideranico "mohamed" tambien opino y dij que si el club "lusitano" quiere a jimenez debe pagar, ya que considera al "nueve" azteca como un delantero completo y con mucho potencial debido a su juventud. vo cesar --el campeon vigente de la liga inglesa esta interesado en la estrella del monaco, el tigre falcao. --de esta manera el manchester city se suma a la lista de clubes grandes que quieren al colombiano en sus filas. --radamel falcao ya esta 100 por ciento recuperado de la lesion a la rodilla que le impidio jugar el mundial de brasil con la seleccion colombia. cesar --dirigentes de la asociacion de futbol argentino confirmaron que se reuniran maÑana con el "tata" martino take vo para ofrecerle el cargo de seleccionador, tras la proxima salida de alejandro sabella. --segun los dirigentes, los planes se retrasaron debido a la muerte del dirigente julio grondona quien ya habia pactado una reunion con martino. blanca --como todos los miercoles, momento de las jugadas gigantes. pkg --el debutan

the portuguese bond market was doing just fine. we did see weakness again today on a completely different note, on germany, because there are still concerns about what impact the sanctions with russia will have on germany, because those are probably the two -- the one economy in the west that's most connected to russia would be germany. >> oh, sure, and they were warning german growth could be flat this quarter after being a pretty strong performer in the quarter before. so, clearly having an impact. and rick santelli, i just wonder, as this happens and so many high-profile investors we know have filed into the trade in europe. what do you think they do? do they leave? do they put their money back to work in the u.s.? >> that's why i've always questioned, whether it's emerging markets or europe. in this day in age we live in where central banks and liquidity and debt are so high profile as part of the solution, almost, that there is a risk. and i think when i look at the dax at 9,200, if you look at that chart, if we start to get u

they will have multilanguage capacity and they provide in spanish and portuguese and will have additional languages available and will care for low income and vulnerable populations and based on medi-cal eligibility and necessity and their residents of those two zip codes will combliez about a third of the population of patients. this shows the patient population and the disparities that exist for the population they propose to serve so in the very left darker bar is the 94103 bar and then the 94102 zip code and orange is san francisco overall and the zip codes that conprize a third of the patient population and more individuals under 200% of poverty and 125% below poverty and likely to rely on food stamps and other funds. they are likely to have medi-cal or no insurance coverage and on par with the city is the diversity of these neighborhoods language other than english spoken at home and foreign born are on par with the diversity across the city. south of market residents also experience disparitys in health care and crime, so the graph on the left shows preventible emergency room visit

bailout, saying it is in line with eu competition rules and would help reestablish confidence in the portuguese financial system. >> to recap our top story -- israel has resumed airstrikes in gaza. >> at all for "the journal." thank you for watching. [ mid-tempo music plays ] steves: riding this gondola, you soar, landing in the sleepy, unpromoted village of gimmelwald. in 30 years of researching guidebooks, i've found hidden gems like this in every country. gimmelwald would have been developed to the hilt, like neighboring towns, but the village had its real estate declared an avalanche zone, so no one could get new building permits. the result? a real mountain community -- families, farms, and traditional ways. choosing places like gimmelwald and then meeting the people, you become part of the party rather than just part of the economy. this is a realistic goal for any good traveler. eins, zwei, drei. man: [ chuckles ] steves: take a moment to appreciate the alpine cheese. so, older is better? man: oh, yes. -woman: i don't know. -man: oh, yes. woman: for me, it's the younger one. steves: once