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melissa chan, al jazeera, cuba. >> you can see melissa's report at 9:00 eastern time. >>> wildfires are burning in some cases out of control in california. we'll have that report on al jazeera america, in the meantime, thanks for joining us, i'm david schuster, the news continues, live from lorched. london. remember you can get the news any time day or night by going to aljazeera.com. >> this is al jazeera. >> hello there i'm barbara serra. this is the newshour from london. coming up in the next 60 minutes, the united states and russia aim to calm fears. >>> a syrian fighter jet crashes into a packed market killing at least 27 people. a major resignation in the af
melissa chan, al jazeera, cuba. >> you can see melissa's report at 9:00 eastern time. >>> wildfires are burning in some cases out of control in california. we'll have that report on al jazeera america, in the meantime, thanks for joining us, i'm david schuster, the news continues, live from lorched. london. remember you can get the news any time day or night by going to aljazeera.com. >> this is al jazeera. >> hello there i'm barbara serra. this is the newshour from...
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melissa chan, al jazerra, hava havana. >> i am antonio mora thanks for joining us. tune in on sunday for our special report u.s. and cuba a new era. for the latest news any time you can head over to aljazerra.com. raw suarez is up next with "inside story." have a great weekend. ♪ ♪ >>> for weeks one of the republican candidates for president was dismissed as unelectable, a side show act. a nonfactor in the race likely to be gone before the first votes were cast. now that guy is leading in primary, state and nationwide polls and all those electable candidates are far behind. many in single digits. but what is really interesting is donald trump's impact on the issues side. the huge republican field has no choice but to respond to issues
melissa chan, al jazerra, hava havana. >> i am antonio mora thanks for joining us. tune in on sunday for our special report u.s. and cuba a new era. for the latest news any time you can head over to aljazerra.com. raw suarez is up next with "inside story." have a great weekend. ♪ ♪ >>> for weeks one of the republican candidates for president was dismissed as unelectable, a side show act. a nonfactor in the race likely to be gone before the first votes were cast. now...
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melissa chan, al jazeera, havana. intertoday's ceremonial flag raising drew a anchor us of opposition. marco rubio, the cuban american says president obama is restoring diplomatic relations with the country. >> in america we celebrate a proud antigovernment opposition, every value our nation holds dear, the in the eyes of barack obama and hillary clinton his form he secretary of state, had cuban people are suffering because not enough american tourists are visiting that state, but in truth it's a tyrannical dictatorship. >> urged the u.s. to maintain its tough policy towards cuba but for some the renewed operations offer a renewed relation with their home land. rob reynolds has more. >> small groups of cuban american protesters gathered on this street corner the symbolic heart of the little havana neighborhood. they held signs denouncing president obama as a traitor and saying he caved in to the castro brothers. there were scattered clarks as welclashes, aswell as protesterh each other. nobody was badly hurt or taken
melissa chan, al jazeera, havana. intertoday's ceremonial flag raising drew a anchor us of opposition. marco rubio, the cuban american says president obama is restoring diplomatic relations with the country. >> in america we celebrate a proud antigovernment opposition, every value our nation holds dear, the in the eyes of barack obama and hillary clinton his form he secretary of state, had cuban people are suffering because not enough american tourists are visiting that state, but in...
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Aug 12, 2015
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melissa chan is in havana with the story. >> reporter: so close and yet so far away. and for a time, cuba was the romantic, vivid poster child no communism. ♪ ♪ but it became a place frozen in time, by an under performing socialist economy. until now. because after decades of decline, cuba, it seems, is on the move once again. >> i first came to cuba back in 2001, 14 years ago. everyone expects to see a lot of change in the next few years, but i see change already. there are a lot more cars on the road. people are better dressed. and there are new businesses: a parallel economy has developed. analysts estimate that more than a million cub cubans now work as independents who don't depend on the state but make their own money. one of them is roberto, his cell phone repair shot may look modest, but he keeps those with access to technology connected. >> translator: cubans are eager for technology, you can see it in the streets, every student was a nice dproanl, computer, tablet. >> reporter: the. >> reporter: even the store front represents change, until recently, com
melissa chan is in havana with the story. >> reporter: so close and yet so far away. and for a time, cuba was the romantic, vivid poster child no communism. ♪ ♪ but it became a place frozen in time, by an under performing socialist economy. until now. because after decades of decline, cuba, it seems, is on the move once again. >> i first came to cuba back in 2001, 14 years ago. everyone expects to see a lot of change in the next few years, but i see change already. there are a...
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melissa chan went to a neighborhood and what did the people tell you melissa? >> antonio, any time you ask, the opinions will be complicated. the neighborhood we visited, we got people who wore worried about their future. >> he tells us that before the revolution, this area known as el sangito or little swamp was a docking point, for boats belonging to fulgencio bautista. in el sanguisto it never succeeded. >> the revolution came but we have nothing. >> this is havana that most people don't see. we are told that for years they were promised to improve, but no one ever came. something you notice in el sanguito, how predominantly african it is. one of the things the cuban resolution of revolution has sought to do is establish social equality. el sanguito is evidence of the past. there are others getting rich and others poor. it is a socialist society and all cubans are equal but some appear more equal than others. the economy is split into two parts, one for private enterprise and such as restaurants. and those who receive remit answers, the main beneficiaries of
melissa chan went to a neighborhood and what did the people tell you melissa? >> antonio, any time you ask, the opinions will be complicated. the neighborhood we visited, we got people who wore worried about their future. >> he tells us that before the revolution, this area known as el sangito or little swamp was a docking point, for boats belonging to fulgencio bautista. in el sanguisto it never succeeded. >> the revolution came but we have nothing. >> this is havana...
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melissa chan, at the ceremony, melissa there were some powerful moments. >> absolutely powerful, the flag went up very, very quickly, whoosh and it was done. we heard the crowd outside the embassy, ordinary cubans, clapping and cheering. i'll have to say what a day. it has actually functioned as an embassy for almost a month now since the formal resumption of diplomatic relations on july 20th. but if any doubt symbols are important, the fact that the embassy in havana waited for secretary of state john kerry to raise the flag is proof that pomp and circumstance matters. >> the presidents obama and castro made a courageous decision over the issues of today and tomorrow. that doesn't meanwhile we will forgot the past hypothesis how can we after all? >> symbols market the occasion. the first surreal moment, the u.s. band playing the cuban national anthem. ♪ >> reporter: on friday, the same three marines who took the flag down 54 years ago, helped to raise it in havana. when they chose the same flag that had been in storage all these decades in washington, two weeks ago. >> between cub
melissa chan, at the ceremony, melissa there were some powerful moments. >> absolutely powerful, the flag went up very, very quickly, whoosh and it was done. we heard the crowd outside the embassy, ordinary cubans, clapping and cheering. i'll have to say what a day. it has actually functioned as an embassy for almost a month now since the formal resumption of diplomatic relations on july 20th. but if any doubt symbols are important, the fact that the embassy in havana waited for secretary...
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melissa chan is there. tell us more about today's events. >> reporter: well tony, i think that first surreal moment for me at least when we really realized these two countries finally have developed a relationship is that moment when the u.s. band in a morning ceremony started playing the cuban national anthem. something you couldn't have envisioned a year or two years ago. first surreal moment. then, the fact there were three american marines back in 1961 who had to take down that flag. an incredible fact was that they were at the ceremony to participate and help raise that flag up again. something that hasn't been seen in havana in four years. so really, incredible. and when we heard that flag come up we heard cheers and clapping from the ordinary cubans who were standing outside, who had come and shown up early, outside the gates just to see that flag. really amazing. i think i want to clarify one thing. this is actually not the u.s. embassy opening tony. >> that's right. >> reporter: because normal dipl
melissa chan is there. tell us more about today's events. >> reporter: well tony, i think that first surreal moment for me at least when we really realized these two countries finally have developed a relationship is that moment when the u.s. band in a morning ceremony started playing the cuban national anthem. something you couldn't have envisioned a year or two years ago. first surreal moment. then, the fact there were three american marines back in 1961 who had to take down that flag....
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one of 'em, in wake of the united states, and as melissa chan reports from havana, it's bringing an economic wake up to the country. >> reporter: so close, yet so far away. a nation that took a different road from that of the united states, and for a time cuba was the rome antsic vivid post child for communism >>> it became a place frozen in time by an underperforming economy. after decades of decline, cuba, it seems, is on the move. >> i first came to cuba in 2001, 14 years ago. everyone expects to see a lot of change. i see change already. there are more cars on the road. a parallel economy has developed. anna lifts say they work as those that don't depend on the state. but make their own money. one of them, his cell phone is modest. vidal's services keep the cubans to technology connected. the store front represents change. until recently it didn't exist. >> i would love to see the business growing. that would be great. before the resolution, that man's father worked for general motors. half a century later, arvarez worked on the same models. >> i run the operation with basic tools, under
one of 'em, in wake of the united states, and as melissa chan reports from havana, it's bringing an economic wake up to the country. >> reporter: so close, yet so far away. a nation that took a different road from that of the united states, and for a time cuba was the rome antsic vivid post child for communism >>> it became a place frozen in time by an underperforming economy. after decades of decline, cuba, it seems, is on the move. >> i first came to cuba in 2001, 14...
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Aug 11, 2015
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melissa chan, al jazeera, havana. >>> you can watch melissa's full report tonight at 8:00 eastern. thanks for watching. i'm stephanie sy. the news continues next live from doha. ♪ >> announcer: this is al jazeera. >>> hello there, welcome to the al jazeera news hour. i'm laura kyle in doha. coming up in the next 60 minutes. saudi-backed forces make significant gains against houthi rebels in a key yemen province. >>> anger in japan as the first nuclear power station is switched back on. >>> frustrations spill over on the greek island as greeks
melissa chan, al jazeera, havana. >>> you can watch melissa's full report tonight at 8:00 eastern. thanks for watching. i'm stephanie sy. the news continues next live from doha. ♪ >> announcer: this is al jazeera. >>> hello there, welcome to the al jazeera news hour. i'm laura kyle in doha. coming up in the next 60 minutes. saudi-backed forces make significant gains against houthi rebels in a key yemen province. >>> anger in japan as the first nuclear power...
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melissa chan, al jazeera and you can watch the full report tonight, still to come. remembers watts a look back at the riots how the six day uprising impacted los angeles and the nation, then and now. and some detroit residents say even with new street as the unrest continues in ferguson missouri. >> the watts riots 1965, john henry smith take as look back at the fires of protests that engulfed america's cities. >> the man said to me today this would not have happened if the negroes had been treating differently, and if you treat somebody like a mad dog, he will behave like a mad dog, do you believe that. >> i have to go along with that. >> when a white highway patrol patrol officer pulled over a 21-year-old black motorist he suspected of drunk driving, as the officer got physical, on lockers roushed in believing they were seeing another example of excessive force by a police department many views a an occupying force before long buildings were with being burned blood spilled. >> the watts riots would last six days and cover more than 46 square miles. 34 people dies
melissa chan, al jazeera and you can watch the full report tonight, still to come. remembers watts a look back at the riots how the six day uprising impacted los angeles and the nation, then and now. and some detroit residents say even with new street as the unrest continues in ferguson missouri. >> the watts riots 1965, john henry smith take as look back at the fires of protests that engulfed america's cities. >> the man said to me today this would not have happened if the negroes...
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melissa chan saw for herself. >> you're looking at the first and only wholesale market in cuba. where farmers sell their goods on the open market, where birse hagglebuyers haggle over prices. you might call it capitalism with a cuban touch. >> they tell us about 900 farmers, groups of farmers and different organizations have registered to sell at this market here. >> when raul castro rolled out his reforms a few years ago he targeted agriculture as a top priority. in our full report we spent time with susan da cordero who worked as part of the country's centrally planned economy. >> farmers used to lose lots of money because we did not have a place to sell them. >> analysts estimate that half a million farmers in human being now own or lease private land for personal profit, although cuba still imports 80% of its food. which means that the country has a long way to go in its experiment before it will see better results. al jazeera cuba. >> and you can see melissa's full report at 9:00 eastern. the journey is over for now for a robot that was hitchhiking across the u.s. the team
melissa chan saw for herself. >> you're looking at the first and only wholesale market in cuba. where farmers sell their goods on the open market, where birse hagglebuyers haggle over prices. you might call it capitalism with a cuban touch. >> they tell us about 900 farmers, groups of farmers and different organizations have registered to sell at this market here. >> when raul castro rolled out his reforms a few years ago he targeted agriculture as a top priority. in our full...
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this woman says her roadside africa tearia was burntly melissa chan members, a -- burnt done by al-shabab members. this is not conventional war, and each group is ready to use any trick to outdo its openings >>> still ahead here on al jazeera. this greek island proving to be a false hope, rather than a promised land for hundreds of refugees that arrive every day. and russia's president getting out of his business suit to go underwater. we'll tell you what is going on beneath the surface of his latest publicity stunt. publicity stunt. the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >>> hello again, the top stories here on al jazeera, eight children are being killed or injure
this woman says her roadside africa tearia was burntly melissa chan members, a -- burnt done by al-shabab members. this is not conventional war, and each group is ready to use any trick to outdo its openings >>> still ahead here on al jazeera. this greek island proving to be a false hope, rather than a promised land for hundreds of refugees that arrive every day. and russia's president getting out of his business suit to go underwater. we'll tell you what is going on beneath the...
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melissa chan cuba. >>> take a look at this it's not often you get to be this close to magnificent wildlife a whale is a tourist attraction and hundreds of people watching it surface in a marine in buenos aires and it shouldn't be there but it's having trouble getting back to where it should be and they are hoping to lure it closer to the river so it can swim back out to the atlantic ocean. there is much more real news from al jazeera at our new look website. if you have not taken a look please do loads of stuff there of analysis and video at al jazeera.com. ♪ night. >>> distrust and animosity between israel and iran are nothing new. and the pending nuclear deal with iran stoked the flames, as the obama administration tries to sell the deal do congress and the world, israeli fears have not subsided. is the deal a threat to israel's existence, or could it make israel safer in the long run. nuclear pressure
melissa chan cuba. >>> take a look at this it's not often you get to be this close to magnificent wildlife a whale is a tourist attraction and hundreds of people watching it surface in a marine in buenos aires and it shouldn't be there but it's having trouble getting back to where it should be and they are hoping to lure it closer to the river so it can swim back out to the atlantic ocean. there is much more real news from al jazeera at our new look website. if you have not taken a...
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melissa chan has the story of a program that allows some cuban citizens to become western style entrepreneurs. >> so close, and yet so far away, a nation that took a different road from that of the united states, and for a time, cuba was the romantic, vivid poster child for communism. it became a place frozen in time by an underperforming socialist economy, until now, because after decades of decline, cuba, it seems, is on the move once again. >> i first came to cuba back in 2114 years ago. everyone expects to see a lot of change in the next years, but i see change already. there are a lot more cars on the road, people are better dressed and there are new businesses. >> a parallel economy has developed. analysts estimate more than a million cuba's work as independents who don't depend on the state, but make their own money. one of them is roberto. his cell phone repair shop may look modest but in a country short of supplies of everything, his services keep cubans with access to technology connect the. even the storefront represents change. until recently, commercial rental space simply didn't
melissa chan has the story of a program that allows some cuban citizens to become western style entrepreneurs. >> so close, and yet so far away, a nation that took a different road from that of the united states, and for a time, cuba was the romantic, vivid poster child for communism. it became a place frozen in time by an underperforming socialist economy, until now, because after decades of decline, cuba, it seems, is on the move once again. >> i first came to cuba back in 2114...
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melissa chan covers the events and joins us from havana. melissa. >> reporter: well david i i have to say when that flag went up and that moment happened very quickly, swish and it went up, we heard cheers and clapping from the cubans actually outside the embassy perimeter. those who weren't invited. but they trickled towards the embassy about 6:00 this morning, and i have to say what a day it was. it has actually functioned as an embassy for almost a month now since the formal resumption of diplomatic relations on july 20th. but if there's a question about ceremony is important, that they waited for the flag, proves that pomp and circumstance matter. >> friends, president obama and president castro made a courageous decision to focus on the opportunities of today and tomorrow. this doesn't mean that we should or will forget the past. how could we, after all? >> symbols and poetic details marked the occasion. the first surreal moment: the u.s. band playing the cuban national anthem. ♪ >> reporter: on friday the same american marines who h
melissa chan covers the events and joins us from havana. melissa. >> reporter: well david i i have to say when that flag went up and that moment happened very quickly, swish and it went up, we heard cheers and clapping from the cubans actually outside the embassy perimeter. those who weren't invited. but they trickled towards the embassy about 6:00 this morning, and i have to say what a day it was. it has actually functioned as an embassy for almost a month now since the formal resumption...
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melissa chan visitors a neighbourhood to show us how that dream is far from this neighbourhood. >> reporter: this person lived on the waters here his life. he tells us before the revolution, this area, known as little swamp, was a docking point for those belonging to dictators and his government. those were the days of the haves and have notes. the revolution was supposed to change that. it didn't quite succeed here. >> translation: the revolution came, we have nothing. >> reporter: this is the savannah most don't see. people tell us for years the government for years promised to improve the neighbourhood. help never came. and one thing noticed was how predominantly afro-cuban it is. >> just because we live in a marginalized area, doesn't mean we are criminals. we are normal folks, but perhaps forgotten by the government. >> one of the things the cuban revolution sought to do is establish equality. this is evidence that this has been a difficult task. with cuba's economic reforms, there will be more getting rich, and others poor. it's a socialist society, and all are equal. some appear more
melissa chan visitors a neighbourhood to show us how that dream is far from this neighbourhood. >> reporter: this person lived on the waters here his life. he tells us before the revolution, this area, known as little swamp, was a docking point for those belonging to dictators and his government. those were the days of the haves and have notes. the revolution was supposed to change that. it didn't quite succeed here. >> translation: the revolution came, we have nothing. >>...
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melissa chan al jazeera, cuba. >>> ted is a professor of black and latino studies at bah ruk college. he joins us this evening from miami. very good to have you with us ted. the irony is that there's tremendous inequality in communist cuba where people who have the average state salary of $20 month, can't afford to buy a bag of fruit. >> yes it's true. and that inequality has been growing for the past 25 years. as they get more market mechanisms into cuba to give people incentive to produce more there are some people who will benefit, who are well positioned to do that others will be stuck in the state sector earning peso salaries and unable to buy the fruits that the other cubans are producing. >> they can't buy them because they can't afford it at the markets, and then they go to state markets that are still running out of food. is this creating social tension? >> yeah recently you hear in the official press and some of the independent blogs, you hear complaints lodged against the people who go early in the morning as your package showed and buy up all of the stuff, and then when ot
melissa chan al jazeera, cuba. >>> ted is a professor of black and latino studies at bah ruk college. he joins us this evening from miami. very good to have you with us ted. the irony is that there's tremendous inequality in communist cuba where people who have the average state salary of $20 month, can't afford to buy a bag of fruit. >> yes it's true. and that inequality has been growing for the past 25 years. as they get more market mechanisms into cuba to give people incentive...
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things are starting to look different on the island, too, as melissa chan reports. >> you're looking at the first and only wholesale market in cuba where farmers sell goods on the open market, where buyers haggle over prices. you might call it capitalism with a cuban touch. >> it's an experiment, something new and we're in the process of organizing the market. yes, we can say this is a free market. it's available for anyone, sellers and buyers. >> when raul castro rolled out his reforms a few years ago, he targeted agriculture as a top priority. inefficiencies had racked the industry. fruit and vegetables would rot because officials charged with picking up farmer's crops failed to distribute them in time. state owned markets with lower prices remain available, but they often run out of food. >> this time of the year, you've got mangos, pineapples and plantains. 900 farmers, groups of farmers and different organizations have registered to sell at the market here. >> analysts estimate that half a million farmers in cuba now own or lease private land for personal profit. the reforms hav
things are starting to look different on the island, too, as melissa chan reports. >> you're looking at the first and only wholesale market in cuba where farmers sell goods on the open market, where buyers haggle over prices. you might call it capitalism with a cuban touch. >> it's an experiment, something new and we're in the process of organizing the market. yes, we can say this is a free market. it's available for anyone, sellers and buyers. >> when raul castro rolled out...
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Aug 22, 2015
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melissa chan, al jazeera, havana. >> antonio morea. will host a special report on life in cuba and how relations with the u.s. could impact the citizens. u.s. and cuba, a new era airs tomorrow at 9:00 eastern. joe walters has a look at what's coming up in our next hour. >> the train was headed down the tracks in belgium. on board, american heroes racing to stop a man from going on a killing spree. you will hear more of their story tonight. also two women graduating from that intense army ranger training but they can't go to war. tonight, we will take a deeper look at the issue of women in combat. and a times square controversy. topless performers from the mayor fuming. he's even talking about ripping out multimillion dollars plaza that attracts thousands of tourists. a waste of money or badly needed solution, just some of the needed solutions ahead. >> interesting video. >> possibly. >>> all right. he was one of the most famous russian revolutionary. the home of leon trotsky is up for sale. it comes with a caveat that may scare off som
melissa chan, al jazeera, havana. >> antonio morea. will host a special report on life in cuba and how relations with the u.s. could impact the citizens. u.s. and cuba, a new era airs tomorrow at 9:00 eastern. joe walters has a look at what's coming up in our next hour. >> the train was headed down the tracks in belgium. on board, american heroes racing to stop a man from going on a killing spree. you will hear more of their story tonight. also two women graduating from that intense...
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>> melissa, thank you. 6 chan -- 6:54 right now. donnie simpson is coming out of retirement to join radio one. he will host the donnie simpson show on magic 102.3. >>> back to school season is the perfect time to brush up on the skills. yesterday, a group of kids did that at the handle life back to school camp. they got training and advice from center henry sims and recent duke university graduate quinn cook were there. the drills instilled basketball groups from marymount university helped out with the event. >>> well, we here at nbc4 want to thank you for helping us do this. clear the shelters. saturday's event resulted in over 1,000 pet adoptions in our area alone. nationwide more than 17,000 pets were adopted. you can get all your information on the program on our website or you can go to our app and search clear the shelters. >>> 6:55 here are 4 things to know on this monday morning. five people now dead after a jet and a plane collided. this was near an airport in san diego, california. ntsb investigators says the planes were
>> melissa, thank you. 6 chan -- 6:54 right now. donnie simpson is coming out of retirement to join radio one. he will host the donnie simpson show on magic 102.3. >>> back to school season is the perfect time to brush up on the skills. yesterday, a group of kids did that at the handle life back to school camp. they got training and advice from center henry sims and recent duke university graduate quinn cook were there. the drills instilled basketball groups from marymount...
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and then the contrast high actor robert downey jr., jackie chan and stephen's late show is going to be reports. several staffers. opening at the box office this week is american ultra about a young stone er that's a secret agent. hit man 47 follows an asasassin and then a horror story of a mother and son that moves into a house. bill paid a visit to o bryan and he shared the expression of a host. >> i do a really good one. you're like this and do this thing and then it's like how you do ing >> that wasn't the best. >> no. i'm richard we hope this is just your first stop of the day on nbc. ♪ >>> as we mentioned earlier today, two female soldiers will make history when they become the first women to graduate from the army's grueling ranger school. nbc pentagon correspondent has the story. >> reporter: after two months of the most rigorous, torcherous combat training, the two female soldiers stepped in as impressive on the training ground as off. captain kristen and sha haver, the first women ever to pass the grueling course. >> ready just in case the haters and the nay sayers. but w
and then the contrast high actor robert downey jr., jackie chan and stephen's late show is going to be reports. several staffers. opening at the box office this week is american ultra about a young stone er that's a secret agent. hit man 47 follows an asasassin and then a horror story of a mother and son that moves into a house. bill paid a visit to o bryan and he shared the expression of a host. >> i do a really good one. you're like this and do this thing and then it's like how you do...
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. >> melissa, our next guest actually added shares of apple. he bought more. channing smith managing director and co-portfolio manager at capital advisers. good morning to you. why did you buy? >> we thought it was a great valuation opportunity. we're using $10 for next year's earnings, stock trading 10 times. the story of apple taking market share, gross margin increasing revenues and earnings moving north. the big concern was china. oh, my god china falling apart, investors selling out on that concern. tim cook calmed fears that business in china is good. that's why you saw the reversal, fortunate to get in on this price. go ahead. >> having watched, having been here at the new york stock exchange and watched the leadup and the tension to the open and see the dow fall by over 1,000 points at the open, the idea that guys like you are pulling the trigger and saying i'm going to buy in the middle of this chaos, frankly, you know, lack of price discovery, why did you buy today? why didn't you wait and see what happened? i'm interested. >> great question, simon.
. >> melissa, our next guest actually added shares of apple. he bought more. channing smith managing director and co-portfolio manager at capital advisers. good morning to you. why did you buy? >> we thought it was a great valuation opportunity. we're using $10 for next year's earnings, stock trading 10 times. the story of apple taking market share, gross margin increasing revenues and earnings moving north. the big concern was china. oh, my god china falling apart, investors...