The beautiful business of beauty. The ceo who wants everyone to buy her cosmetics and she wont be going through the big retail chains. Welcome to Market Makers. My partner Erik Schatzker is on assignment in boston. We will be hearing from him a little later in the hour. Meantime, mario draghi says he has a few mores over bullets to fire. The ecb chief says he will keep buying assets for at least two more years as the euro zone stumbles back from the recession. Lets bring in Jonathan Ferro in london. What did you learn from the News Conference today . We learned when this new abs Asset Purchase Program would start. They will start buying bonds in the middle of this month. The Fourth Quarter of the bigig question was, you want to get your Balance Sheet up by one trillion euros. I dont think it is clear how he wants to plan to do that still. He deemphasized the target of doing that. If i could sum up the press conference in a line it would be , we have already decided a massive amount of
Good morning, everybody. You are watching the pulse. I am guy johnson. Im francine lacqua. We are getting breaking news out of italy. The a thailand economy shrank 0. 1 in the the Italian Economy shrank 0. 1 in the Third Quarter. Countrystory of a struggling to grow. Another recession, here we come. Difficult times for matteo renzi. He tries to figure out exactly what he needs to do to get this story flowing again. Lets go north and talk about where else we are seeing growth or no growth. Half of the euro zone economy, journey germany and france. Not great numbers from either in the Third Quarter. We had updates from the netherlands. Before we get the aggregated number, international correspondent, hans nichols, in berlin. We know a lot of the pieces. And we can deed is from the pieces. The aggregate number is going to come in line with expectations right about 0. 1 growth. Italy looks worth remembering. This is the 13th quarter with negative or zero growth. It is a negative run. We di
Euro zone, where they stake their claim to rapid expansion on the continent. Hello. Welcome to countdown. I am mark barton. And i am an edwards. And i am manus cranny. 6 30 here in london, a guest will join us. And we have a chinese theme. It has been a torrid day, the shanghai composite falling by more than 6 today, and the reason is the suspension of three firms. They are controlling margin investing due to a concern that a recent stern show search in stock prices could have a negative effect. Cutting back on the brokerages is their money. That is right. They are trying to curb people from buying into this rally this ultra bull rally, and it was up 60 last year until todays fall. We are talking 290 billion dollars of market cap has just been wiped out in just one day not a great day in the shanghai composite. It is the steepest drop, the most in five years again after the three biggest brokerages were stopped from adding more margin trading accounts, and they were suspended for three
Price of oil today, wti crude well below 90 a barrel and sort of a line in the sand. We are at 88. 78. We were at 87 and change moments ago. Consistent with that, lets put up the u. S. 10year Interest Rates. Dropping. Were looking at 2. 35 . Pretty much a Straight Line down mirroring what were seeing as you mentioned in oil and stocks. It might be a classic riskoff kind of day and we have the panel to talk about and a new warning on Housing Market. Is a triple dip . Some see it hitting a speed bump. Find out whos saying that and could mean for the market and the economy. Big day here for the cnbc next 25. Three top candidates for that very exclusive list will be with us today. Melody hobson, Anne Wojcicki and kal cole with us. They will be with us today on closing bell. Yes. A lot coming up. Markets, as bill mentioned, pretty much the lows of the session. Dow off 200. 1 today. The nasdaq losing 50 points. S p off by about 20. Russell 2000, art cashi this morning on show yesterday we sh
This morning. Well tell you about them. Mans best friend may want you to sell the company. Petsmart is explorining alternatives as pressure from an activist investor mounts. Target posting Second Quarter operating profits of 78 cents a share, just shy of lowered wall street expectations. The retailer posted flat Comp Store Sales in the u. S. And cutting full year Profit Guidance as fallout from a massive data breach continues to weigh on the company. Target says sales, though, trends at least, improve this month based on early backtoschool sales, jim. We have a number, though, a guidance number, i guess, is the key for the full Year Adjustment of 310 to 330 compared with guidance of 360 to 390, and they go into why thats beginning to be below. I mean, some has to do with early debt retirement. Yeah. Obviously, a good deal still pretax has to do with cost in the breach. First, i said, are you kidding me . You got are you kidding me . Total disarray there. You did through the least of it