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A schema to Jack up the price of aluminum all -- the world.
They are delaying shipments of the metal bats driving -- global prices they in fact are accused of skimming it off the tall.
For the worldwide aluminum market but of course you'll -- in Fort Richardson a joins us right now rich.
I'm a simple gone.
I hope you cannot try to make me understand how exactly.
Goldman Sachs allegedly he's stealing their money out of the aluminum market -- Well here's the deal -- brewer Miller course as firms like Goldman Sachs JPMorgan and others.
Are holding up aluminum deliveries driving a three billion dollar premium into the price.
And making those beer cans with the mountains the change -- with the temperature a little bit more expensive.
The bank subsidiaries.
Own aluminum warehouses and the aluminum buyers like Miller -- say the banks are creating a bottleneck.
To collect warehousing fees.
They argued that creates a needless shortage and drives up the price others argue the warehouses or just simply storing the metal until the investors who actually own it.
Decide to sell -- to companies that will eventually use it so congress is examining it this morning.
They're looking into whether banks should be able to control warehouses in power plants and oil refineries the law does allow it.
But it limits it.
And the Federal Reserve says officials there are also reviewing -- 2003 ruling allowing banks to engage in certain commodity activities rich is this.
Possibly one of the -- the intended consequences of financial reform otherwise known as -- because I think.
These big banks investment companies and allowed to trade commodities all that a lot of control and so they go round about senate.
There is -- there is a certain provision in a loss from the 1950s that allows them to engage this was limited though.
A few years later not in the latest round of Dodd-Frank.
But through other congressional actions that have taken place -- last for years it this really rests with the Federal Reserve.
And they made a decision back in 2003 to limit and allow some of this activity and they're revisiting right now.
Look down on -- up front in congress are just going to -- what Goldman Sachs.
Rick Jackson in Washington thank you -- Let's go back to the big -- well we now we are eight minutes into the trading session were up 45 points just shot at 156.
A way to check out this video it's a NASA rocket engine there.
Part of -- have been built within a 3-D printout.
According to NASA is just the beginning.
3-D printing an entire space ship may yet come in the distant future.
We gonna bring to the space agency's chief engineer on 3-D -- rocket -- printing.
Now -- 10:30 fog this morning coming gee whiz stuff.
You know where I stand on the new friends and the future king filled with pride to some degree that you viewers -- -- you disagree with me.
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But fifteen minutes in the Dow is up 45 points 15590.
Is where we are now for your morning -- gold report first mentioned this morning -- still well above thirteen 113.
Down -- -- six books as of right now to stocks you've really got to watch today removing for the next DuPont shares up big.
-- hide that topping.
Wall Street's profit expectations.
But nonetheless the stock is now nearly 4%.
You gotta talk about Netflix.
It was down way down -- yet now it's coming back remember please it's fine don't 600000.
New subscribers for the streaming service that's eight bucks a month all the way out there.
Got almost as many subscribers as HBO about to take over.
Now let's talk -- down 1%.
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The royal baby coverage has no doubt been all over your TV screen so what about you all social media specifically what do.
Twin liked to develop that's twin lax spokeswoman twelve -- development -- consensus choices it's been on this program frequently.
He's created an algorithm which analyzes Twitter activity.
On a sentiment basis that's correct it -- gotta get this right yes okay.
Tell me that sentiment indicator on how Americans feel about the book.
Americans absolutely love the baby and and if America's right the baby's name is James.
We breaks up a -- bunch of different brackets and Americans have been treating them as positive bracket.
About the baby and overwhelming majority so -- not just counting mentions all the ID it's the sentiment talent it's just we've gone.
Positive or negative -- degrees there so Americans are in the most positive bracket -- about 90% mark in that top bracket positively which you almost numbers you rank.
Positive fifteen men and negativity and -- you do.
How do you rank eagle five ranking was about it's all percentages.
Which breaking into positive about it you again the only guy -- battled terrorism -- you you can with a fortune.
Tell me about the sentiment indicate -- -- On for example the Snowden spying.
Incident so Edward snared in has had a huge almost COLT fan following since since the and -- -- -- -- -- -- I'm and that has not -- I mean people really -- on Emerson himself.
That I love them and they him but the majority people do not see him as a -- After he got charged -- -- Espionage Act support for him only increased they don't see him as a villain now.
Have a decision -- of the President Obama Obama and you know rejected by China when giving back Russia -- giving back what about President Obama the president has gone obsolete trounced by the entire deal he's at a lower point now than either.
And Barack Obama or Mitt Romney were the entire election cycle.
And he has not recovered from that is about 50% recovered from where he wasn't religion.
And you said that is directive is the result of the -- spying incidents and the presidents' treatment of Snowden all his inability to getting back a little bit of both I mean people are frustrated they see the -- been an active on the issue hasn't talked about it really.
And and base the people who are supporting senator and are obviously against the president's charging humanist and -- At congressional approval -- us attract almost it almost very really really correlated.
You're concerned president than a little bit less degree the president's catching the -- The frustration but the congressional approval has -- -- credit close to the presence do you -- -- do you have access to poll.
Twitter feeds which anything that's public proportion and his public how much of the Twitter feed -- world is that a huge majority.
Are you the new kind of opinion poll perhaps it is different I mean telephone polling is obviously dying no one has muscular -- -- land -- And twitters people are they're releasing their opinions dozens of times a day and then you know it.
But it's going to be skewed is that I mean the demographics have been -- an -- out hugely -- what I do you wouldn't have been possible for your sister who because.
There's a liberal younger demographic I -- That has completely changed it.
Fastest growing demographic right now as the -- if if you were to happen is it really that's the fastest growing group of Twitter on Friday uses.
And what what's that political position and they track I mean if I haven't found it to be particular Porter right remaining.
It as you know my political stuff in the last presidential election was -- three -- 1% off the popular.
So it it is -- pretty good indicator.
How only eighteen where you go to college -- -- California Los Angeles win.
The time we used to do with those from the Los Angeles bureau of -- possible your -- -- because -- what.
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