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Jul 25, 2013
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. and helia, we'll see you later in the show. >>> elsewhere, south korea's economy grew at the fastest pace in more than two years in the second quarter. thanks to a stimulus boost from the government. with more on the data and earnings roundup, sherry kang is live in seoul for us today. sherry? >> the numbers looked quite nice, but do pay attention to what grew a lot and what did not grow at all. government spending grew 2.4% compared to 1.2% of growth in the quarter before. meaning the increased fiscal spending through an extra budget, but the new administration has come up with earlier this year. and private consumption grew just about .6%. facility investment dropped. so quality growth in these numbers is certainly necessary here. and speaking of decreased investment, costco, the country's number one steelmaker, says it will do just that, reducing its capex by 1 trillion to 2 trillion, starting next year. this is coming out of its conference call earlier today here. that announced the second quarter earnings that missed market expectations, reporting a 51% decline in the second qua
. and helia, we'll see you later in the show. >>> elsewhere, south korea's economy grew at the fastest pace in more than two years in the second quarter. thanks to a stimulus boost from the government. with more on the data and earnings roundup, sherry kang is live in seoul for us today. sherry? >> the numbers looked quite nice, but do pay attention to what grew a lot and what did not grow at all. government spending grew 2.4% compared to 1.2% of growth in the quarter before....
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Jul 8, 2013
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already tragic enough. but there is word this morning out of south korea that the pilot who was at the controls, it appears that this was his very first time attempting to land a boeing 777 here at san francisco international airport. here's the latest on the investigation this morning based on the latest data from the ntsb last night. there was no mechanical or engine problems reported. the pilot indicated no issues on the flight data recorder or on the cockpit voice recorder. and they aborted landing, it was tried -- an aborted landing was tried at the last second. the ntsb says asiana 214 was going slower than the recommended speed for landing. the ntsb also says the asiana tried to speed up right before the crash. >> the approach speed was 137 knots. and the question was whether or not we had the lowest speed that the crew achieved. i will tell you that the speed was significantly below 137 knots. and we're not talking about a few knots. >> 291 passengers, again, or on the asiana flight 214. that includes two chinese teenagers sitting in the back of the plane. they were thrown out
already tragic enough. but there is word this morning out of south korea that the pilot who was at the controls, it appears that this was his very first time attempting to land a boeing 777 here at san francisco international airport. here's the latest on the investigation this morning based on the latest data from the ntsb last night. there was no mechanical or engine problems reported. the pilot indicated no issues on the flight data recorder or on the cockpit voice recorder. and they...
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Jul 8, 2013
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south korea. two people killed, 180 hurt, several in critical condition. the data recorder showed no mechanical problems and the attention turns now to the lack of pilot experience. it appears the pilot tried to abore the landing. the jet came in too low or too slow to make that possible. the first few minutes of a plane crash are, of course, critical for passengers. nbc's tom costello on what it takes to survive. >> reporter: investigators say the fact that so many people survived this says a lot about how modern aircraft are built. seats are now made to absorb much of a sudden impact so passengers aren't catapulted through the plane. interior car pegott and fabrics fire resistant to give everyone more time to get out. it's working. everyone survived this american airlines plane crash in jamaica in 2009. this continental crash in denver in 2008 and this crash landing in toronto in 2005. and no fay salts during the miracle on the hudson in continue. getting out alive usually comes down toed seconds. at faa center in oklahoma city they recreate crashes to see what it takes to survi
south korea. two people killed, 180 hurt, several in critical condition. the data recorder showed no mechanical problems and the attention turns now to the lack of pilot experience. it appears the pilot tried to abore the landing. the jet came in too low or too slow to make that possible. the first few minutes of a plane crash are, of course, critical for passengers. nbc's tom costello on what it takes to survive. >> reporter: investigators say the fact that so many people survived this...
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Jul 12, 2013
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south korea were hyundai and kia motors. shares plummeted about 5% to 6% in today's session on worries that their car sales may dip in china as more chinese cities may restrict new car purchases. and the australia market, the best performer for the week, gaining nearly 3% over the past five sessions. gold miners like newcrest, evolution and kings gate, they once again outperformed the broader market jumping to 9%. back to you, ross. >> sixuan, thanks for that. that's where we stand now. joining with us his views, kevin gardener for barclays. nice to see you. extraordinary to see u.s. stocks back up at record highs. and we have been at this massive debate, of course, with the fed. what is driving us here? is it fed fears? or less fears about that? or fundamentals? >> i think it is a little bit of both. actually it is not that surprising that the u.s. equity market is performing pretty resilie resiliently. equity markets are not particularly expensive after the rally we have seen to date. what the fed is saying when it is talking about tapering qe is that it thinks they're capable of sta
south korea were hyundai and kia motors. shares plummeted about 5% to 6% in today's session on worries that their car sales may dip in china as more chinese cities may restrict new car purchases. and the australia market, the best performer for the week, gaining nearly 3% over the past five sessions. gold miners like newcrest, evolution and kings gate, they once again outperformed the broader market jumping to 9%. back to you, ross. >> sixuan, thanks for that. that's where we stand now....
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Jul 11, 2013
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similar picture in neighboring south korea. bok held rates at 2.5% as it raised its gdp forecast but warned that fed tapering and china slowdown are risks. joining us from hong kong is a japanese economist at hsbc and from singapore, the southeast asia economist at lamura. the bank of japan, are you -- how comfortable are you with the sustainability of the recovery? >> i think so far things are going well. i do agree that there -- the sustainability of the recovery is dependent on part on the external environment. >> which one in particular? there is a couple. >> yeah, i mean, there is a risk of a u.s. growth slowdown in the third quarter. there is also china looming large, posing a downside risk and those are both downside risks that the boj itself remains concerned about. >> what about attempts to stimulate domestic policy? how much is a consumer buying into abenomics as we wait for the third arrow? >> yeah, i mean, i think the third arrow remains to be delivered. that will be a challenge for abe to really deliver that promise in the third quarter. but consumers are still sound
similar picture in neighboring south korea. bok held rates at 2.5% as it raised its gdp forecast but warned that fed tapering and china slowdown are risks. joining us from hong kong is a japanese economist at hsbc and from singapore, the southeast asia economist at lamura. the bank of japan, are you -- how comfortable are you with the sustainability of the recovery? >> i think so far things are going well. i do agree that there -- the sustainability of the recovery is dependent on part...
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Jul 23, 2013
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hong kong gained 2.3%. elsewhere, japan, south korea and australia, those shares all ended in positive territory. in china, as you can see from the first row here, banking shares made a strong rebound on both mainland and hong kong forces. local analysts suggest the interest rate reforms will have limbed impact on the short-term while lower interest rates will support growth in the real economy. the property sector which has a relatively high dependence on bank lendings also enjoyed the rally. china merchants gained almost 6%. and chinese railway stocks also chugged ahead on hopes of a supportive measures. cfr corporation gained over 8%. on to japan, mobile carrier softbank was the outperformer on the nikkei 225. soared by 5% after reports that it will raise the bet 35 million u.s. dollars to stock new smartphone hand sets. south korean technology shares also rallied ahead of earnings results. lg electronics gained almost 4% and samsung electronics rallied almost 3%. let me quickly show you gold miners. they continued to gain stream, tracking the rally in gold prices. australi
hong kong gained 2.3%. elsewhere, japan, south korea and australia, those shares all ended in positive territory. in china, as you can see from the first row here, banking shares made a strong rebound on both mainland and hong kong forces. local analysts suggest the interest rate reforms will have limbed impact on the short-term while lower interest rates will support growth in the real economy. the property sector which has a relatively high dependence on bank lendings also enjoyed the rally....
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Jul 5, 2013
07/13
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7.6 and a lot of information still to come. >>> corporate news, heading t r korea that they have embattled cell phone. >>> and due to prosecutors lack of evidence, steve cohen's fate. >>> and the south sinai and the suez, and we will keep an eye on the response in oil's action. >> and the market spiking after the jobs number with the u.s. adding 195,000 jobs in june according to the labor department. economists expecting around 160,000, and all of that is both the ecb and the bank of england yesterday offered forward guidance breaking with the tradition saying that record low interest rates will be maintained for a prolonged period. part of it is almost hard to separate what is going on with us today, because of what draghi said yesterday. >> all part of the same story, because the ecb and the bank of england came out to say that when the yields in the u.s. jumps, it sets rates along other developed markets and they have had to deal, and image anyone the position of europe and britain and not only as strong an economy as the u.s., but you have to deal with the higher rates as a r
7.6 and a lot of information still to come. >>> corporate news, heading t r korea that they have embattled cell phone. >>> and due to prosecutors lack of evidence, steve cohen's fate. >>> and the south sinai and the suez, and we will keep an eye on the response in oil's action. >> and the market spiking after the jobs number with the u.s. adding 195,000 jobs in june according to the labor department. economists expecting around 160,000, and all of that is both...
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Jul 15, 2013
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up on that news. south korea automakers staged a strong rebound after last week's tumble. hyundai and kia motors gaining a percent. we'll be back on line tomorrow. >> sixuan, thanks for that. let's recap the chinese data. second quarter growth, 7.5%. below the pace clocked in q1 but was the number expected. some economists wondering how long beijing would be able to hold off on the stimulus. retail sales managed to ring in above estimates. the central bank chech says despite the downward pressure on growth the pboc will do its part. joining us in beijing is eunice looking at reaction. this is a number we were expecting so, therefore, i'm presuming that we should not get any policy response from the government or the pboc. they'll be happy with this. >> yeah, they'll be happy with this. they're not going to be doing a whole lot because it met expectations. interesting there is such a big relief rally off of this and it's because of expectations have been managed so low and the past couple of days comments from government officials and so this morning they were really fearful we wou
up on that news. south korea automakers staged a strong rebound after last week's tumble. hyundai and kia motors gaining a percent. we'll be back on line tomorrow. >> sixuan, thanks for that. let's recap the chinese data. second quarter growth, 7.5%. below the pace clocked in q1 but was the number expected. some economists wondering how long beijing would be able to hold off on the stimulus. retail sales managed to ring in above estimates. the central bank chech says despite the downward...
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Jul 11, 2013
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closes with the dow and s&p. it's already friday out here in japan. south korea and australian markets come online at the top of the hour. the in. nikkei is higher and a three-week high for australian shares extended gains. hong kong enjoying the trading day in 90 minutes after having their best day in six months. investors waiting for more clues on how to slow the economy with gdp due out next monday. that's all for me. back to you guys. >> emily, thanks very much. >>> my favorite static of the day. we've had 132 trading days so far in 2013 and of those 132 trading days, the dow has hit 24 all-time highs. >> amazing. >> nasdaq reaching the high in 13 years. nasdaq -- i remember the days of nasdaq all-time high of 5,000. >> it's pretty amazing. we're kind of back to goldie locks. the fed is going to taper but they are not in any rush. i think that was the psychological message that bernanke was trying to convey yesterday. we've taken the edge off the tapering worries. the one thing that worries me a little is watching the bond yields. we did have a little bit of a rally in bond
closes with the dow and s&p. it's already friday out here in japan. south korea and australian markets come online at the top of the hour. the in. nikkei is higher and a three-week high for australian shares extended gains. hong kong enjoying the trading day in 90 minutes after having their best day in six months. investors waiting for more clues on how to slow the economy with gdp due out next monday. that's all for me. back to you guys. >> emily, thanks very much. >>> my...
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Jul 16, 2013
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higher by .6%. weaker yen helped exporter stocks. south korea, india and some southeast asian markets saw profit taking after their recent value. the pboc once again held off from any open market operations, a few midsized lenders came under pressure today after recent gains. ping an bank lost over 1%. technology shares in both the mainland and hong kong markets rallied on the hope of supportive policies. tencent jumped 2.6% to close at a new record high. in australia, the rba minutes remained dovish as the rates will be kept at record low in july, while there is room for further cuts. banking shares were broadly higher. westpac gained over 1%. in the mining space, we talked about rio already. paladin energy surged over 7% thanks to record production and strong sales numbers. and now let's get back to -- now back over to ross in london. >> all right, sixuan, catch you later. on cnbc.com, the question everyone on wall street is asking, wilbl bernanke surprise us again? why some experts say we should never say never when it come to the fed chairman and monetary stimulus. the aussie/dollar s
higher by .6%. weaker yen helped exporter stocks. south korea, india and some southeast asian markets saw profit taking after their recent value. the pboc once again held off from any open market operations, a few midsized lenders came under pressure today after recent gains. ping an bank lost over 1%. technology shares in both the mainland and hong kong markets rallied on the hope of supportive policies. tencent jumped 2.6% to close at a new record high. in australia, the rba minutes remained...
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Jul 30, 2013
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planned. in south korea, auto stocks outperformed the broader market thanks to robust demand in china. hyundai motors extended a 12-day winning streak. kia motors also added more than 3%. back to you, karen. >> thank you very much, sixuan. we have been looking at the chrysler numbers that just crossed. i want to show you how features are reacting. this is the company that owns chrysler and you can see if we bring up the board that shares are under a little pressure today, down 4% as a result. that's as the earnings hit. second quarter net profit has risen 16% to $507 million. the net income for the second quarter at that level was, you know, up 16% a year ago. he h the headline number seems to be solid. increase of 7%. the group four-year 2013 guidance has been revised. worldwide vehicle shipments 660,000 for the quarter. that's up 5%. it sees 2013 worldwide vehicle shipments of 2.6 million. this seems to be slightly down the margin from the previous numbers, which could have been up to 2.7 million. so slightly off on that. in terms of operating profit, $808 million from $755 mi
planned. in south korea, auto stocks outperformed the broader market thanks to robust demand in china. hyundai motors extended a 12-day winning streak. kia motors also added more than 3%. back to you, karen. >> thank you very much, sixuan. we have been looking at the chrysler numbers that just crossed. i want to show you how features are reacting. this is the company that owns chrysler and you can see if we bring up the board that shares are under a little pressure today, down 4% as a...
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Jul 19, 2013
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, south korea's tech giant samsung electronics is going to be posting its second quarter earnings. >>> boeing's dreamliner 787 had another incident yesterday. japan airlines flight to tokyo returned to boston after flying for five hours because of mechanical alert coming on. the plane landed safely and authorities say that it is not an emergency, it was just a fuel pump issue. jal says the flight went back as a standard precautionary measure. in this news, spooking boeing investors initially but ending with some gains, up by 2.7% on close. japan airlines losing 1% in tokyo's session today. >>> investigators looking into the fire on a 787 dreamliner at london's heathrow airport last week, they may have identified the cause. they claim that an emergency beacon made by honeywell international could be the source, and they have called for it to be turned off. boeing's dreamliner has been plagued by problems since january with aircraft grounded after an issue with batteries. boeing shares rallied in yesterday's trade before then heading lower in after hours trade. >>> and today on cnbc
, south korea's tech giant samsung electronics is going to be posting its second quarter earnings. >>> boeing's dreamliner 787 had another incident yesterday. japan airlines flight to tokyo returned to boston after flying for five hours because of mechanical alert coming on. the plane landed safely and authorities say that it is not an emergency, it was just a fuel pump issue. jal says the flight went back as a standard precautionary measure. in this news, spooking boeing investors...
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Jul 17, 2013
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of trading in asia. it is very much about cautious ahead of bernanke's speech. south korea's kospi was the best performer today closing higher by 1.1% with automakers lending support. japan's nikkei 225 gained a modest 0.1% in light volumes. also in wait and see mode before the upper house elections this sunday. in china markets lagged behind. the country's finance minister said beijing is unlikely to launch any major fiscal stimulus this year, but will mack a greater effort to press ahead with reforms. the shanghai composite lost 1% in today's trade. let me show you some bright spots in the region. hong kong listed jewelry shops outperformed as they benefitted from the gold rush. after the stunning sales report last week, same store sales soared 83% in hong kong and macau and more than doubled in mainland for the june quarter. and shares jumped 6% today and some other major jewelers such as tse sui luen added more than 6%. in australia, bhp billiton gained over 2% after the world's number one liner reported record output. and higher metal prices also boosted other miners such as f
of trading in asia. it is very much about cautious ahead of bernanke's speech. south korea's kospi was the best performer today closing higher by 1.1% with automakers lending support. japan's nikkei 225 gained a modest 0.1% in light volumes. also in wait and see mode before the upper house elections this sunday. in china markets lagged behind. the country's finance minister said beijing is unlikely to launch any major fiscal stimulus this year, but will mack a greater effort to press ahead...
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Jul 11, 2013
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. look at the yen, though, versus the dollar. in south korea, the central bank held the key rate unchanged as expected. the bok raised the 2013 economic growth forecast. the country's negative output gap will narrow in the coming quarters. not to forget china, lousy export numbers yesterday. stocks posted their best daily gain in seven months today. among the catalysts, local media reports raised hopes that beijing may launch targeted stimulus measures to boost growth. there has been a great deal of concern about china. down 3.1. expecting up 4 in exports. maybe they're starting to be real about what is actually leaving and coming into the country. >> and, i mean, i was in beijing for the first time a few weeks ago and people ask me where you come back, what do you see? i didn't see anything because the smog was so dense, i couldn't tell night from day. when you're there, you say, so why again do you want 7% real gdp growth? everybody in the world is focused on chinese growth, except the chinese have a more balanced view about it. they want the right kind of growth. i think they
. look at the yen, though, versus the dollar. in south korea, the central bank held the key rate unchanged as expected. the bok raised the 2013 economic growth forecast. the country's negative output gap will narrow in the coming quarters. not to forget china, lousy export numbers yesterday. stocks posted their best daily gain in seven months today. among the catalysts, local media reports raised hopes that beijing may launch targeted stimulus measures to boost growth. there has been a great...
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Jul 10, 2013
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weaker than expected china trade data. japan's nikkei 225 and south korea's kospi ended marginally in the red. china markets rallied after dismal data spurred easing hopes. the shanghai composite jumped nor m more than 2%. brokerage and banks extend their gains in the afternoon session as we see that founder securities surged over 8%. and property developers also among top gainers. china merchant s jumped nearly 9%. and among the actives in hong kong, jewelry shops outperformed. shell soared over almost 13% after importing over 60% surge in its q-1 revenue helped by the gold rush after the price of bullion plunged. consumer mood slipped in both japan and australia in june. index giant fast retailing waved on the nikkei 22 5 down 1.2%. in australia, retail chains were also broadly weaker. harvey norman down 2.4% today and surf ware company billabong plunged another over 10% falling yesterday's 16% tumble. back to you. >> all right. thank you for that. now, shares of burberry beat expectations with an 18% rise in retail revenue for the first quarter. they saw double digit growth where t
weaker than expected china trade data. japan's nikkei 225 and south korea's kospi ended marginally in the red. china markets rallied after dismal data spurred easing hopes. the shanghai composite jumped nor m more than 2%. brokerage and banks extend their gains in the afternoon session as we see that founder securities surged over 8%. and property developers also among top gainers. china merchant s jumped nearly 9%. and among the actives in hong kong, jewelry shops outperformed. shell soared...
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Jul 5, 2013
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such euphoria in south korea. shares of index giant samsung electronics dropped almost 4%. the company predicts a record q-2 earnings but misses analyst forecasts. in australia, crown gained 3% after local lawyers backed the plan to open the second casino in sydney. but its rival echo entertainment group slum pd over 5% today. also in the gaming space, a decent debut from casino operator makel legend in hong kong. the standout loser was china ro rongsheng industry. the country's largest ship builder expects a net loss for the first half this year, and reportedly has laid off 8,000 workers. it is also looking for help from governments and banks to renew its credit facilities. back to you. >> sixuan, thank you for that. >>> markets, trading fairly cautiously. we're up a quarter percent in the ftse, the ibex down slightly. cac fairly flat. bond markets, the reaction to what we saw from the ecb and the bank of england much more seen in the middle of the curve, the five years. ten years didn't move a lot. ten year portuguese yields back below 7%. a little higher on ten-year gilts. a little
such euphoria in south korea. shares of index giant samsung electronics dropped almost 4%. the company predicts a record q-2 earnings but misses analyst forecasts. in australia, crown gained 3% after local lawyers backed the plan to open the second casino in sydney. but its rival echo entertainment group slum pd over 5% today. also in the gaming space, a decent debut from casino operator makel legend in hong kong. the standout loser was china ro rongsheng industry. the country's largest ship...
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Jul 2, 2013
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hike the domestic gas prices by 15%. its shares up more than 2%. over in south korea, hyundai kia motor down after disappointing june auto sales. the big loser was sk hynix. and that's all from me. back to you. >> sixuan, thanks for that. >>> joining me is -- forget june, a terribly good month. where do you put the tapering debate right now in context for us? >> well, at paradigm we very much see that whole debate as a little bit overblown. i think ben bernanke will have been a bit surprised himself how much monetary tightening he created with a few words. but we think it was a bit of an overshooting and that's why we rebalance our port follow portf week. >> to japan in a second, it is an interesting call. you're not worried about a backup in -- bigger backup in treasury yields at the moment? >> we're not worried about monetary tightening as driven by the central banks. we do believe -- we do trust that that is still quite some way out, but with the biggest monetary experiment we had in history, undoubtedly markets are concerned, worried, so volatility -- >> it is not so much as t
hike the domestic gas prices by 15%. its shares up more than 2%. over in south korea, hyundai kia motor down after disappointing june auto sales. the big loser was sk hynix. and that's all from me. back to you. >> sixuan, thanks for that. >>> joining me is -- forget june, a terribly good month. where do you put the tapering debate right now in context for us? >> well, at paradigm we very much see that whole debate as a little bit overblown. i think ben bernanke will have...
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Jul 29, 2013
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lot of other markets, turkey, for example, south korea, japan, australia. >> will bmw be number one at then of the year for the luxury market in the united states? >> yes. >> emphatically, no question? >> we will fight for it. we will go for it. >> dr. norbert reithofer, ceo of bmw. tell everybody, what happened to you driving the i3 this weekend? >> i'm in -- i had an audi behind me. >> what happened to the audi? >> i accelerated the car and for me, it was a lot of fun to look into the rear mirror and to see the other car was disappearing. >> audi, that's enjoyable from your vantage point? >> as ceo of bmw. >> absolutely. absolutely. guys, that's the i3 from here in manhattan. back to you. >> thank you. let's get back to your best host for the last word. guys, one of the questions we've heard over and over on the show, where does the next rally for stocks originate? mike you brought up a good point earlier talking offcamera. you think it's in household creation? >> i do think. we've got this period where we've got pent-up demand. household information was a -- now it's house prices
lot of other markets, turkey, for example, south korea, japan, australia. >> will bmw be number one at then of the year for the luxury market in the united states? >> yes. >> emphatically, no question? >> we will fight for it. we will go for it. >> dr. norbert reithofer, ceo of bmw. tell everybody, what happened to you driving the i3 this weekend? >> i'm in -- i had an audi behind me. >> what happened to the audi? >> i accelerated the car and for...
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Jul 24, 2013
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just a tad weaker. but south korea and australia managed to stay in positive territory. in china, the manufacturing and industrial related sectors were under pressure, so we saw weakness coming from automakers, steel companies and cementmakers. meantime, property developers and banking shares on the bottom row here also pulled back after yesterday's rally. standard & poor's released a report highlighting the financial risks in chinese developers while seeing smaller players may be facing higher liquidity pressure. as for the bright spots in the region, apple suppliers showed pockets of strength after iphone sales came in better than expected. taiwan's hanhui added 1.4%. south korea, lg display and chipmaker sk highnex had gains. despite the weak china data, they extended a strong rally helped by commodity prices. fortescue metals gained over 4% in today's trade. back to you, karen. >> sixuan, thank you for the update. >>> across the european markets, you can see how much green there is on the charts. some is down to the earnings hitting the tape today. the overall stock share of 600,
just a tad weaker. but south korea and australia managed to stay in positive territory. in china, the manufacturing and industrial related sectors were under pressure, so we saw weakness coming from automakers, steel companies and cementmakers. meantime, property developers and banking shares on the bottom row here also pulled back after yesterday's rally. standard & poor's released a report highlighting the financial risks in chinese developers while seeing smaller players may be facing...
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Jul 9, 2013
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tragedy here and a point of some shame in south korea. >> yeah, the south korean president has issued a statement of regret and the ceo of asiana airlines is en route to san francisco to apologize for the crash, as well. but another south korean tradition may have played a part in this accident. it's very interesting. phil has the latest from san francisco next on the "closing bell." ♪ ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> tradition and
tragedy here and a point of some shame in south korea. >> yeah, the south korean president has issued a statement of regret and the ceo of asiana airlines is en route to san francisco to apologize for the crash, as well. but another south korean tradition may have played a part in this accident. it's very interesting. phil has the latest from san francisco next on the "closing bell." ♪ ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the...
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Jul 18, 2013
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south korea. ebay expects full year results to be at the low end of expectations. shares fell 5% in after hours trade. and here is a look currently in frankfurt, down about 5.25 upon the set. >>> intel's second quarter profits fell 29%, matching forecasts, though revenues just missed estimates. the world's largest chipmaker is cutting its four-year revenue outlook and scaling back capital spending as it adjusts to the continued slump in pc sales and economic slowdown. new ceo brian shannic says intel has been slow to respond to consumers, shifting to smartphones and tablets but intends to make up for lost time. intel fell 4% in after hours trade and in germany, it is just down over 4%. you can see where the pressure is coming from across on the european markets today. >>> earlier the european director at intel peter glassner told cnbc that a pickup in global gdp would provide a direct benefit to pc companies. >> currently we're in a difficult market environment. once that lifts, i think there is lots of opportunity for growth in the data center. there is lots of growth already in ou
south korea. ebay expects full year results to be at the low end of expectations. shares fell 5% in after hours trade. and here is a look currently in frankfurt, down about 5.25 upon the set. >>> intel's second quarter profits fell 29%, matching forecasts, though revenues just missed estimates. the world's largest chipmaker is cutting its four-year revenue outlook and scaling back capital spending as it adjusts to the continued slump in pc sales and economic slowdown. new ceo brian...
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Jul 2, 2013
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for a huge bounce. >> mexico, south korea, two economy most tied to the united states. they will turn first. >> weiss, i know you're not a believer. >> brazil is not doing well, rates are going up. and china, of course, you can't own it. >> today on big data download, food for thought. did you know americans are actually eating out less these days compared to ten years ago? but fast food staunts are seeing more traffic. new data shows that the need for speed is playing a bigger role in terms of impacting what people are actually eating now versus ten years ago. be sure to see all of the surprising results today. big data.cnbc.com and, of course, on cnbc's mobile app. up next on "the half," it's been the pain trade of 2013. gold just suffering its worst quarter ever. but has the precious metal finally bottomed? we'll get answers from barclay's precious metals analyst when we're back in a couple minutes. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95
for a huge bounce. >> mexico, south korea, two economy most tied to the united states. they will turn first. >> weiss, i know you're not a believer. >> brazil is not doing well, rates are going up. and china, of course, you can't own it. >> today on big data download, food for thought. did you know americans are actually eating out less these days compared to ten years ago? but fast food staunts are seeing more traffic. new data shows that the need for speed is playing...
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Jul 3, 2013
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. and it's the growth of your economy. >> miss sandberg left tokyo today for south korea, continuing on her book tour and to encourage women to take on leadership roles in the workforce. that's all from the nikkei business report. back to you. >> thank you very much for that. >>> staying in tokyo, district court has given a suspended prison sentence to the former owe lem pus chairman aolympus co others. olympus had to pay a $7 million fine. the accounting cover-up came to light when michael woodforde blew the whistle on the misdoings two years ago. >>> aussie dollar is down today. the rba governor glen stevens said the central bank deliberated for a very long time before deciding to hold rates steady yesterday. markets had predicted a pretty clear cut decision. stevens says the end of australia's mining boom will be a challenge for the economy, but the rba stands ready to help out. >>> as for the agenda in asia tomorrow, update on japanese retail health when earnings are reported. thai clothing retailer mc group makes its trading debut in bangkok. and financial update with coverage here
. and it's the growth of your economy. >> miss sandberg left tokyo today for south korea, continuing on her book tour and to encourage women to take on leadership roles in the workforce. that's all from the nikkei business report. back to you. >> thank you very much for that. >>> staying in tokyo, district court has given a suspended prison sentence to the former owe lem pus chairman aolympus co others. olympus had to pay a $7 million fine. the accounting cover-up came to...
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Jul 30, 2013
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at a mexico, south korea, maybe even poland. don't jump head first, but start nibbling. >> outflows have been enormous. >> right, but longer term, three-year horizon, this is a good buying opportunity for emerging markets. >> and? >> i think it's a stock picker's market going forward. just the easy money has been made already. you're really going to have to find the companies that have really good growth stories, and i don't think it will be sector by sector. it will be real company by company type story. >> and do rates go much higher? is the bond market, you know, this great rotation we keep talking about, is that going to evidence itself that much more as we see the tapering begin? >> it may, bill. i think there's -- it's not great rotation. you know, we're seeing more money come out of cash, fixed income into equities. it's a trickle, which is what i like, not a flood. >> yeah. so a minor rotation? >> call it that. >> -- came out of bond funds in the last month and a half or so. do you want to avoid bonds? >> shorter duration, high quality. everyone has to have fixed income in t
at a mexico, south korea, maybe even poland. don't jump head first, but start nibbling. >> outflows have been enormous. >> right, but longer term, three-year horizon, this is a good buying opportunity for emerging markets. >> and? >> i think it's a stock picker's market going forward. just the easy money has been made already. you're really going to have to find the companies that have really good growth stories, and i don't think it will be sector by sector. it will be...
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Jul 23, 2013
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also looking, you know, being very cautious in the emerging markets. we like mexico, south korea, poland. but in general, the asset class, it's still struggling and it will struggle in the near term. >> jordan, is the s&p higher at the end of the year, lower, roughly the year? >> i think it's higher by a few percentage points. there's little equities supply and plenty of demand. >> wow, all right. ending it there on a positive note, tyler? >> why not? >> i'm long in my mutual funds, so i like it. >> yeah. you want to get back and work out with tony gonzalez. let's face it, michelle. >> he already tweeted me back on twitter, tyler. >> oh, he did? all right. gentlemen, thank you very much. >> but i digress. >> i digress. see you again soon. up next, we're coming back with the "closing countdown" with about five and a half minutes to go. the dow in record territory. s&p 500 struggling as we close in on the finish line. >>> and then, after the bell, you have to get ready for not one but two huge earnings reports. at&t and apple set to report any minute now. we're going to pull coverage of th
also looking, you know, being very cautious in the emerging markets. we like mexico, south korea, poland. but in general, the asset class, it's still struggling and it will struggle in the near term. >> jordan, is the s&p higher at the end of the year, lower, roughly the year? >> i think it's higher by a few percentage points. there's little equities supply and plenty of demand. >> wow, all right. ending it there on a positive note, tyler? >> why not? >> i'm...
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Jul 15, 2013
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is not the business we're in. >> how about south korea? how would you describe the quality of their market right now. >> i think it is good. part of this deal is this and the second best per screen opening in imax, 65,000 a screen, very strong, and they are driving them to expand in korea and china. >> are there movies relative duds over here we should read frankly as plays for the global if not asian specific audience and keep that success or failure of the u.s. box office in mind in that regard. >> great question. i think because two-thirds of the box office is now coming from international markets and one third domestically. i think a lot of investors missed things by looking at only the domestic box office. i think like even this weekend pacific rim had a pretty decent start and not as big as everything hoped for and the international results were extremely strong. places like russia and taiwan and korea were very good. i think you have to back up now and look at the movie industry a little differently than a few years ago. >> finally, spielberg was on air a few weeks ago and ta
is not the business we're in. >> how about south korea? how would you describe the quality of their market right now. >> i think it is good. part of this deal is this and the second best per screen opening in imax, 65,000 a screen, very strong, and they are driving them to expand in korea and china. >> are there movies relative duds over here we should read frankly as plays for the global if not asian specific audience and keep that success or failure of the u.s. box office...
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Jul 31, 2013
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1% higher. the hong kong market taiex and south korea under pressure today. in japan, hitachi shares got a boost, closing higher by nearly 3% in today's session after raising its first half profit outlook. batterymaker gs yuasa soared over 7% thanks to better than expected quarterly results. but taiwan's htc took a beating, down almost 7%. the smartphonemaker had little sign of a turn around anytime soon. in china, property developers were the top gainers today as the company's politburo sounded a positive tone yesterday about promoting healthy development of the property market. china merchant jumped more than 4% today and the other two smaller players, they surged up by 10%. back to you, ross. >> all right, sixuan, catch you later. >>> the fed is wrapping up its two-day meeting with a decision expected at 2:00 p.m. eastern. fed watchers will be looking for any clues on when central bank may start its tapering bond purchases, but they will stress any action, still conditional on the economy improving. a first glance at second quarter u.s. gdp today. growth is forecast to rise .9%, d
1% higher. the hong kong market taiex and south korea under pressure today. in japan, hitachi shares got a boost, closing higher by nearly 3% in today's session after raising its first half profit outlook. batterymaker gs yuasa soared over 7% thanks to better than expected quarterly results. but taiwan's htc took a beating, down almost 7%. the smartphonemaker had little sign of a turn around anytime soon. in china, property developers were the top gainers today as the company's politburo...
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Jul 22, 2013
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south korea, i think this is going to be one of the first litmus tests of his commitment to economic reform. >> kaori, thank you so much for that. we'll check back in with you later on in the show. >>> moving on, portugal's president has ruled out snap elections and says the country's coalition government will stay in place until lisbon has exited its international bailout program. speaking last night, he urged the coalition government to move ahead with reforms to restore investor confidence. >> translator: it is essential that both parties that make part of the coalition be synchronized in a durable and unequivocal way to finish successfully the program of financial assistance and for portugal to be back in the markets to assure the normal financing of the state and the economy. >> karen has flown out to portugal, and she is live on the ground with the very latest. karen, the market reaction is pretty positive this morning. what is the reaction on the ground? >> reporter: carolyn, it seems to be a reaction based on the fact that we're not going to get a snap election, so the status
south korea, i think this is going to be one of the first litmus tests of his commitment to economic reform. >> kaori, thank you so much for that. we'll check back in with you later on in the show. >>> moving on, portugal's president has ruled out snap elections and says the country's coalition government will stay in place until lisbon has exited its international bailout program. speaking last night, he urged the coalition government to move ahead with reforms to restore...
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Jul 8, 2013
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out. the boeing 777 was ending a 10 1/2 hour flight from seoul, south korea, on its final approach to runway 28 left over san francisco bay. at least one passenger sensed something was wrong. >> i was looking out the window because -- i was just looking. i could realize we were too low. basically it sound like we were about to land in the water. >> reporter: witnesses said the plane's tail hit the seawall beyond the end of the runway. the rest of the fuselage slammed down on the pavement, breaking off a piece of the landing gear. officials say that when the tail broke off, two passengers, 16-year-old girls from china, were thrown from the plane and killed. the crash's only fatalities. they were part of a middle school group coming for a summer camp. once the plane came to rest, survivors began their evacuation. a scene described by the pilot of another flight. >> we see people and i think we should -- they need attention. they're alive and walking around. >> united 885 heavy, roger. you said people are walking around outside the airplane right now? >> yes, some people look like they'r
out. the boeing 777 was ending a 10 1/2 hour flight from seoul, south korea, on its final approach to runway 28 left over san francisco bay. at least one passenger sensed something was wrong. >> i was looking out the window because -- i was just looking. i could realize we were too low. basically it sound like we were about to land in the water. >> reporter: witnesses said the plane's tail hit the seawall beyond the end of the runway. the rest of the fuselage slammed down on the...
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Jul 26, 2013
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. hong kong and south korea ended marginally in the green. and australia's asx 200 showed pockets of strength, on hopes that a possible call for a federal election could ease the country's political uncertainties. in china, authorities published a list of companies ordered to reduce overcapacity. among them, paper producers came under some pressure. chungming paper, down by 1% to 2% in today's session. but some bigentm rallied on hopes they won't benefit from the industry consolidation. and beijing's mini stimulus package will help boost demand. anhui conch gained by about 3%. nikon tumbled nearly 4%. and shipmaker had an operating loss for the june quarter. samsung electronics also lipped nearly 1%, despite posting a record q-2 profit. more on that with sherry in seoul. sherry? >> thanks so much for that. we have been warned of such slowdown in the growth of this smartphone market in recent weeks, right? this time coming directly from samsung electronics itself like you saw on the board there, samsung electronics shares off by a percent today, even after giving up some 14% since ear
. hong kong and south korea ended marginally in the green. and australia's asx 200 showed pockets of strength, on hopes that a possible call for a federal election could ease the country's political uncertainties. in china, authorities published a list of companies ordered to reduce overcapacity. among them, paper producers came under some pressure. chungming paper, down by 1% to 2% in today's session. but some bigentm rallied on hopes they won't benefit from the industry consolidation. and...
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correctly in this case. >> earlier today the ceo of asiana was asked in south korea about possibility of lack of experience being a factor and he says such speculation is intoll krabl and contrary to the facts. you should not speculate. we're not going to speculate. we'll take a look at shares off 6% in traiting. back to you. >> incredibly important point, the growth we're seeing out of asia and the pilots they need. >>> a hedge fund is suing the u.s. treasury over freddie and fannie. >> thanks, karl. fascinating development in what has already been a battle on going into the holders of the preferred shares of fred i and fanny, that being freddie mac and fannie mae and the gses that have returned to robust profitability over the last couple of year. not that long ago a so-called preferred oblt of the firms would be diverted to the u.s. government which of course has had them in conservatorship since hank paul some put them in that state back in august of 2008 it is led by gibson dunn and head olson and we also have matthew mcgill, another lawyer on the case who also oorg used in front of
correctly in this case. >> earlier today the ceo of asiana was asked in south korea about possibility of lack of experience being a factor and he says such speculation is intoll krabl and contrary to the facts. you should not speculate. we're not going to speculate. we'll take a look at shares off 6% in traiting. back to you. >> incredibly important point, the growth we're seeing out of asia and the pilots they need. >>> a hedge fund is suing the u.s. treasury over freddie...
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Jul 10, 2013
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, all four pilots, they have been debriefed. and they are now actually free to go back to south korea. it's unclear if that will happen right away or they'll stay here perhaps have a press conference. the three-person cockpit crew was focused on the plane alignment. the slope as they were coming in. that is where the attention was focused and they failed to recognize they were going too slow even though the automatic throttle was in place. some were wondering if they were counting on the throttle to maintain the speed of 137 knots, which they were not. the crew was not given blood and alcohol tests following the crash. this revelation yesterday has a lot of people scratching their head saying why not? well, foreign carriers are not required to give blood and alcohol tests. here's the chairman explaining why. >> each company is required to have a plan in place in the u.s. for a u.s. commercial operator to drug and alcohol test their employees. they need to request those tests, order those tests and they need to ensure their employees have been tested. we know that didn't happen in this case
, all four pilots, they have been debriefed. and they are now actually free to go back to south korea. it's unclear if that will happen right away or they'll stay here perhaps have a press conference. the three-person cockpit crew was focused on the plane alignment. the slope as they were coming in. that is where the attention was focused and they failed to recognize they were going too slow even though the automatic throttle was in place. some were wondering if they were counting on the...
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Jul 9, 2013
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of asiana 214. also today, there is video we received out of seoul, south korea. the ceo of asiana airlines is flying to san francisco. he plans to meet with victims of the crash and at some point i would not be surprised if we hear from him in terms of an apology for the accident. here's the latest on the investigation. the ntsb said they're getting a lot of data from the flight recorders. so far, there is no indication of mechanical failure. they interviewed two of the four pilots in the cockpit. they have yet to interview the pilot at the controls at the time of the crash. that pilot is the focus of the investigation. he had 43 hours of flying time in a boeing 777. you need 60 hours in asiana to be considered a captain in a 777. the asiana pilot was attempting his first landing of a 777 here at sfo and his lack of experience brings up the question of whether or not investigators and regulators should be able to give the public more information about how much training pilots have when they get behind the controls of t controls of the cockpit. >> there is an expectation anyone put
of asiana 214. also today, there is video we received out of seoul, south korea. the ceo of asiana airlines is flying to san francisco. he plans to meet with victims of the crash and at some point i would not be surprised if we hear from him in terms of an apology for the accident. here's the latest on the investigation. the ntsb said they're getting a lot of data from the flight recorders. so far, there is no indication of mechanical failure. they interviewed two of the four pilots in the...
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from the flight arriving back home in south korea, in the two days since they went through what amounts snz to a near death experience, one in which two passengers did not survive. it's too early to reach any conclusions, they're focusing on the speed of the boeing 737 as it planned to land at the airport. and on the pilot's familiarity with that type of aircraft. tonight the ntsb says it's already begun interviewing the four pilots on board. the two flying the jet and the relief crew. dan simon takes a look. >> investigators believe as asiana flight 214 was on final approach to san francisco international airport, its air speed was far too slow. >> about three seconds prior to impact, the flight data recorder recorded its lowest speed of 103 knots. at this time, the engines were at about 50% power and engine power was increasing. >> that meant that the pilot at the controls was frantically trying to power up, because he realized he was coming in too low. that pilot while experienced flying 747s according to the airline, had only limited experience flying a boeing 777. just 43 hours. he
from the flight arriving back home in south korea, in the two days since they went through what amounts snz to a near death experience, one in which two passengers did not survive. it's too early to reach any conclusions, they're focusing on the speed of the boeing 737 as it planned to land at the airport. and on the pilot's familiarity with that type of aircraft. tonight the ntsb says it's already begun interviewing the four pilots on board. the two flying the jet and the relief crew. dan...
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Jul 15, 2013
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just fire the pitcher. she threw out the first pitch in south korea earlier this month. spin around, do a flip and go ahead and hit home plate. this is the girl to call. maybe. we know it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. it has 7 antioxidants to support cell health. the math of retirement is different today.ek. money has to last longer. i don't wan
just fire the pitcher. she threw out the first pitch in south korea earlier this month. spin around, do a flip and go ahead and hit home plate. this is the girl to call. maybe. we know it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take...
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, the first time the children were going to south korea for a glimpse of their heritage, but on the way home, they ended up learning a frightening lesson of survival. now i can tell you that the jang's mother is actually not in this hospital, and they hadn't been able to see her. she is in a different hospital recovering from her injuries but all in all the family happy that they all got out alive and they are all relatively okay. chris? >> sara sidner, great story. many are paralyzed, people lost their lives but it is miraculous so many people lived. >> when you see the wreckage how many walked away and how quickly they got out of the way and were running away themselves. amazing what the flight crew did. >> i can't believe how calm those children were. they recollected so well, recalled exactly what happened to them. >> amazing. amazing. >>> also amazing, take a look at this video. this popped up in tampa bay, florida, a huge waterspout that eventually it actually came ashore as a tornado and thankfully it only did some minor damage and no one was hurt but we have to tell you abou
, the first time the children were going to south korea for a glimpse of their heritage, but on the way home, they ended up learning a frightening lesson of survival. now i can tell you that the jang's mother is actually not in this hospital, and they hadn't been able to see her. she is in a different hospital recovering from her injuries but all in all the family happy that they all got out alive and they are all relatively okay. chris? >> sara sidner, great story. many are paralyzed,...
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passengers from china and south korea, if, and there's a big if, there's future judgments against the airline. international law could prevent asian passengers from suing, one expert says passengers will probably get settlements of more than $1 million, even if they were not necessarily physically injured. >>> let's get a check of some of the other top stories happening right now. osama bin laden's obscure and paranoid domestic life exposed in documents leaked to the pakistani news media. the new 300-plus-page report details how the dead al qaeda leader wore a cowboy hat while working in his garden in pakistan, hoping the large brim would hide his face from spy satellites. he was also unable to watch tv and surf the web and killed time with vegetable growing contests with his children and grandchildren. cnn is working to confirm the authenticity of the report. >>> it's called the zero option. the white house now seriously considering withdrawing all u.s. troops from afghanistan next year. that according to a senior obama administration official. plans focused on keeping a small fo
passengers from china and south korea, if, and there's a big if, there's future judgments against the airline. international law could prevent asian passengers from suing, one expert says passengers will probably get settlements of more than $1 million, even if they were not necessarily physically injured. >>> let's get a check of some of the other top stories happening right now. osama bin laden's obscure and paranoid domestic life exposed in documents leaked to the pakistani news...
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Jul 10, 2013
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. they were stuck. >> welcome back, everyone, i'm john berman. >> i'm christine romans. >>> south korea is now ordering sweeping inspections on airlines in that country, also reviewing training practices there. it will be months before u.s. investigators determine an exact cause for the crash. but right now the ntsb is zeroing in on the actions of the crew on board asiana airlines flight 214. the plane came in too low and too slow, and crashed on landing in san francisco, killing two passengers. not only was a pilot in training trying to land say boeing 777 for the first time at san francisco international airport, the pilot actually training him, was serving as an instructor for the very first time. also, the ntsb chief says when the plane hit a seawall, and the tail came off, two flight attendants were sucked out of the plane and on to the runway. they amazingly survived. they are in serious condition right now. the question is, what is it like to land at san francisco international airport? is it hard. paul vercammen took a trip with a pilot to see what the pilot may have seen
. they were stuck. >> welcome back, everyone, i'm john berman. >> i'm christine romans. >>> south korea is now ordering sweeping inspections on airlines in that country, also reviewing training practices there. it will be months before u.s. investigators determine an exact cause for the crash. but right now the ntsb is zeroing in on the actions of the crew on board asiana airlines flight 214. the plane came in too low and too slow, and crashed on landing in san francisco,...
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Jul 6, 2013
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, asiana flight 214 that was originating in seoul, south korea destined for san francisco. they were coming in on runway 28 left at san francisco international airport and they crashed on landing. we have a number of investigators who are launching with us here from headquarters. they are being led by investigator in charge bill english. we have a number of subject matter experts who are going to be leading specific teams. those teams are going to be focused on operations, human performance, survival factors, the airport, airport operations, and they're going to be focusing on the aircraft, the systems, structures, and power plants. we'll be supported by a number of team members here in washington, d.c. they're in the process of collecting information on air traffic control operations, on weather, and on maintenance issues. they will be able to gather information while the rest of our team is enroute to provide us with that information when we land so we can hit the ground running. we have three investigators based on the west coast. they derr ploig right now to the accident scene to
, asiana flight 214 that was originating in seoul, south korea destined for san francisco. they were coming in on runway 28 left at san francisco international airport and they crashed on landing. we have a number of investigators who are launching with us here from headquarters. they are being led by investigator in charge bill english. we have a number of subject matter experts who are going to be leading specific teams. those teams are going to be focused on operations, human performance,...
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Jul 7, 2013
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francisco. a separate investigative team coming in from seoul, south korea. all of them will wt to talk to united pilots sitting just at the end of the runway waiting for that asiana plane to go by. they literal will had a front row seat to all of this. back to you guys. >> all right, miguel marquez live at the san francisco airport. thank you. >>> flight 214 was one of boeing's 777 jets and said "boeing extends its deepest condolences to the families and friends of those who perished in the asiana flight 214 as well the recovery of those injureed and boeing will join the u.s. national transportation safety board at their request to provide technical assistance. >> the go team is at the scene of the crash. official twitter account send out this photograph. you can see the investigators are outside examining this plane but i want to show you this other photograph. this one is striking. this is looking inside this plane into the main cabin. you see just right to the left of the side of the plane. right near the ray, there's a little box. that's a screen on the back of one of the seats tha
francisco. a separate investigative team coming in from seoul, south korea. all of them will wt to talk to united pilots sitting just at the end of the runway waiting for that asiana plane to go by. they literal will had a front row seat to all of this. back to you guys. >> all right, miguel marquez live at the san francisco airport. thank you. >>> flight 214 was one of boeing's 777 jets and said "boeing extends its deepest condolences to the families and friends of those...
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Jul 22, 2013
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, hong kong, japan, south korea, and finland? that's right. mighty finland. a nation a little smaller than montana with a population of 5.4 million people has consistently scored in one of the top two spots on the program for international assessment, or pisa, in reading, math, and science every year for the past decade. after so many years of consistent and excellent results, finland has become home to one of the best school systems in the world. so what are the finns doing in the classrooms that we are not? i'm going to find out by teaching there. first stop, beautiful kirkkojarven. sorry. how are you? great to meet you. >> welcome. >> thank you. thanks for having me. >> so this is a comprehensive school from 6 years to 16 years. >> this looks like nothing like any school i ever went to. this is amazing looking. >> thank you. >> the finns do something a little differently. instead of focusing a little differently on testing, performance, and fundamentals like we, they take a balanced approach to education. how long are the kids in school? what time do they come in the morning and wh
, hong kong, japan, south korea, and finland? that's right. mighty finland. a nation a little smaller than montana with a population of 5.4 million people has consistently scored in one of the top two spots on the program for international assessment, or pisa, in reading, math, and science every year for the past decade. after so many years of consistent and excellent results, finland has become home to one of the best school systems in the world. so what are the finns doing in the classrooms...
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Jul 16, 2013
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america and south korea both. but that kind of vigilance is going to have to be increased because in order to quarantine somebody like raul castro and his brother fidel and kim jong um in north korea, we need to be watching even submersibles. >> gordon, tim is saying it could have been a tip from the united states, which barbara reported was tracking the ship, or from south korea. but what's amazing to me is that 85% of the trade around this planet goes by ship. so there's a lot of ships out there. and it's really hard to find the ones who might be up to no good. the u.s. was tracking it, but should they have been more actively involved? if it was just out in the open sea, what do you do, just track it and let it go where it's going? what are your options? >> well, that's what we have been doing. we've been letting north korean ships go even when we know what's on board and when we think it's dangerous. that's because the security council resolutions do not permit us to board north korean ships without their permission. but we have had right to do this. the north koreans this year an
america and south korea both. but that kind of vigilance is going to have to be increased because in order to quarantine somebody like raul castro and his brother fidel and kim jong um in north korea, we need to be watching even submersibles. >> gordon, tim is saying it could have been a tip from the united states, which barbara reported was tracking the ship, or from south korea. but what's amazing to me is that 85% of the trade around this planet goes by ship. so there's a lot of ships...
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Jul 28, 2013
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south korea which says that the economy has, in fact, grown in 2011 and 2012. we also know that a big chunk of north korea's international trade comes through one center, the kasong industrial park. south koreans industrialists use north korean labor. just last april, the north korean government shut down that industrial center because of a crisis in relations with south korea and much of the international community. and that just goes to show that even now economics takes a backseat to politics in north korea. ivan watson, cnn, pyongyang. >>> how do you create a billion-dollar empire without spending a dime on conventional advertising? hint: oprah, beyonce, kim kardashian. can you guess the must have item in their close it? guys, i'm talking to you, too. >>> kim kardashian wears them and beyonce and jesse tyler ferguson. what am i talking about? span k3x. those celebrity endorsements helped the founder build a billion-dollar clothing empire all without spending a dime on conventional advertising and all by selling something you're not going to see. >> simple answer is through word of
south korea which says that the economy has, in fact, grown in 2011 and 2012. we also know that a big chunk of north korea's international trade comes through one center, the kasong industrial park. south koreans industrialists use north korean labor. just last april, the north korean government shut down that industrial center because of a crisis in relations with south korea and much of the international community. and that just goes to show that even now economics takes a backseat to...
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Jul 26, 2013
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peninsula, a reminder for all the talk of victory in the stadium, north and south korea are still as divided as ever. what's also fascinating here is that the north koreans have often described their effort in the korean war as a purely north korean effort. now there is a lot of emphasis being given to the hundreds of thousands of chinese who also fight against the u.s. and its allies during that war. chinese veterans are here as well as one russian veteran, who was a soviet anti-aircraft gunner, who was shooting at american planes during the war and one american navy pilot, also visiting this country for the first time in 60 years since the conflict. >> it's obviously still a very tense time on the korean peninsula, ivan, right now. but are you getting any indications that the north koreans would like to ease some of those tensions? >> it's very hard to tell right now, wolf. we're hearing from some of the mind that's we talked to that, yes, north korea wants to reach out and improve relations. it's interesting, the chinese vice president came to visit here, china, north korea's clos
peninsula, a reminder for all the talk of victory in the stadium, north and south korea are still as divided as ever. what's also fascinating here is that the north koreans have often described their effort in the korean war as a purely north korean effort. now there is a lot of emphasis being given to the hundreds of thousands of chinese who also fight against the u.s. and its allies during that war. chinese veterans are here as well as one russian veteran, who was a soviet anti-aircraft...
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Jul 6, 2013
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reporter in seoul, south korea, where this flight originated. we have aviation expert jim tillmon who is joining us as well, a reporter in washington who is reporting on the ntsb and the faa portion of this. the official portion and what they're doing. a reporter at san francisco international airport who's actually inside the terminal now. eunice byrd is on the phone now. her father was -- is on the phone. her father was on that asiana plane and took these photographs. eunice, first off, how is your father? these pictures are unbelievable. how is your father doing? >> hi, don. my father's doing fine, thank god. he's doing all right. we've been actually texting for the last hour and a half, two hours, and from where i'm sitting right now i can actually see the wreckage right in front of me, and the line of fire trucks and medics is -- the width of it is the size of a football stadium. and it just makes the plane look so small, and i actually am right next to the hospital where ambulances have been going back and forth as well to and from the wreckage, and the pictures -- it's just hea
reporter in seoul, south korea, where this flight originated. we have aviation expert jim tillmon who is joining us as well, a reporter in washington who is reporting on the ntsb and the faa portion of this. the official portion and what they're doing. a reporter at san francisco international airport who's actually inside the terminal now. eunice byrd is on the phone now. her father was -- is on the phone. her father was on that asiana plane and took these photographs. eunice, first off, how...
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Jul 26, 2013
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held in south and north korea. veterans in seoul and the u.s. are being honored the seoul. >> in the north the anniversary is being celebrated as day of victory over south korea and its u.s. allies. a military parade is planned. both sides suffered heavy casualties during the korean war. more than a million troops were killed including more than 36,000 americans. >> thousands of u.s. soldiers are still classified as missing in action. two american veterans are in north korea right now determined to find the remains of fallen comrade. >> north korean government invited them there. this is rare move for a nation that is steeped in secrecy. paula hancock explains. >> reporter: the last time captain thomas was in north korea, he was fighting. now he's on a mission of peace. >> it's an opportunity i never thought i'd have. i'm very impressed and to see the turn out on a part of this civilian population is quite inspiring. it's a wonderful experience for them too. i'm glad we had an opportunity to be a part of it. >> reporter: their here to search for the remains of a fallen comrade. t
held in south and north korea. veterans in seoul and the u.s. are being honored the seoul. >> in the north the anniversary is being celebrated as day of victory over south korea and its u.s. allies. a military parade is planned. both sides suffered heavy casualties during the korean war. more than a million troops were killed including more than 36,000 americans. >> thousands of u.s. soldiers are still classified as missing in action. two american veterans are in north korea right...
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Jul 18, 2013
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humidity to the nix and it feels like 110 in some areas. >>> north korea's warning that the panama ship loaded with sugar and -- >>> lindsey graham of south carolina is suggesting a boycott of the 2014 winter olympics in russia if president putin allows edward snowden to stay in russia. >>> south carolina's supreme court has ruled that matt and melanie can finalize their adoption of little veronica. the biological father tried to use the indian child welfare act to fight for her custody, but last month the supreme court turned him down. >> we had them on the program a couple weeks ago when the court ruled. thank you very much. we'll be right back. g now, ever. ♪ norfolk southern what's your function? ♪ ♪ helping this big country move ahead as one ♪ ♪ norfolk southern how's that function? ♪ we know it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality mhandle more than 165 billionl letters and packages a year. that's about 34 million pounds of mail every
humidity to the nix and it feels like 110 in some areas. >>> north korea's warning that the panama ship loaded with sugar and -- >>> lindsey graham of south carolina is suggesting a boycott of the 2014 winter olympics in russia if president putin allows edward snowden to stay in russia. >>> south carolina's supreme court has ruled that matt and melanie can finalize their adoption of little veronica. the biological father tried to use the indian child welfare act to...
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Jul 29, 2013
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tiny fraction of the size of south korea's. though today some north koreans may have cell phones, they still don't have access to e-mail, internet, or even international calls. during anniversary celebrations, a top official from china, north korea's wartime ally, stood by kim jong un's side. but in recent decades, china has taken a very different, prosperous path of development. while north korea's leadership remains committed to communism and a cultive personality. as it celebrates a 60-year-old war, north korea still seems to be living in the past. ivan watson, cnn, pyongyang. >>> and coming up here in "the situation room," we have details of new cancer research that could save thousands of lives every year. >>> plus, a reality tv star indicted. details of the charges against a real housewife of new jersey. ok, i am coming. [ susan ] i hate that the reason we're always stopping is because i have to go to the bathroom. and when we're sitting in traffic, i worry i'll have an accident. be right back. so today, i'm finally going to talk to my doctor about overactive bladder symptoms. [
tiny fraction of the size of south korea's. though today some north koreans may have cell phones, they still don't have access to e-mail, internet, or even international calls. during anniversary celebrations, a top official from china, north korea's wartime ally, stood by kim jong un's side. but in recent decades, china has taken a very different, prosperous path of development. while north korea's leadership remains committed to communism and a cultive personality. as it celebrates a...