Nationalistic rhetoric in russia. At the same time, of course, we have a top commentator talking about nuking america and yet there are some who say the russian market is too cheap to pass up. Well look at that. Well look at the investigators, the russian etf trading under the symbol rsx. Its down 23 just this year, but as youre saying, weve seen the russian market bounce back today about a 5 gain on the rtf. Well look at that. Also deja vu all over again for housing. Adjustable rate mortgages are apparently back in vogue even in this low Interest Rate environment. Very counterintuitive. Some experts warn it is a new ticking time bomb thats sure to go off in a few years when rates are inevitably likely to go higher than they are right now. Well have a full report on these new mortgages coming out right now. And so the Dow Jones Industrial average adding 180 points today. The nasdaq adding about 40, almost 1 there. Same for the s p 500 which is up 18 points. Pretty much across the board
More cash to shairps shareholders. Sears shopping for buyers for its canadian unit. Eddie lampert making more changes to that retail empire and sony, negative results again. More record highs for the s p and dow despite the soft data. Will we see new highs today . Another acquisition for yahoo . Marissa mayer scoops up snap chat rival strategies by a thousand buys blink. Youll miss another one. Whatever that meant. I dont know what i just said. Alibaba liked it. First up, though, macys did report First Quarter earnings of 60 cents a share, Beat Estimates. Retailer says comp sales down 1. 6, hurt by the Winter Weather and macys earnings released Terry Lundgren says sales trends did improve in april when weather started to improve. Announcing a 25 Dividend Increase and boost in the share buyback. The story on m is margin control. Despite the decreasing comp held vndsers to the fire. Got operating margin, 7. 1, looking for 7, gross margin 38. 9. Thats in line. Did they squeeze toomey . I
Reforms, not sanctions. The imf hints the approach towards the situation in ukraine needs to be readdressed as it approves a 17 billion aid package. Youre watching worldwide exchange, bringing you Business News from around the globe. All right. A warm welcome to todays edition of worldwide exchange. Protesters have taken to the streets around the world for the may day rallies. Many are gathering to protect against harsh austerity measures. It does mean quite a few markets are closed. The nikkei was working today as far as asia is concerned. These are the individual markets today that have been trading in australia. The nikkei up 1. 27 . The all index dunn a third. The ftse, the irish market and the danish market as well. The ftse up 0. 3 . Up 10 points yesterday. A number of individual stocks were looking at today, bskyb, up nearly 4 at the moment. It reported ninemonth refs into up 7 to 5. 7 billion pounds, the results in line with forecasts, though the group says it added 74,000 net
Meatballs and ice cream. All of that and more. By my radioe joined cohost, carol massar. The gm ceo testifying to a senate panel addressing problems in general Motor Vehicles which are said to be linked to 13 deaths. Some say that it is about criminal deception. The facebook coo Sheryl Sandberg has sold off more than half of her stake in the social networking company. Millione sold about 26 of the shares. Of 2012. Back to may or a roku for example. No setup boxful. No cables, no wires, no big deal. Just plug it into the Television Set and have a desktop connection. Amazon will be a big player in this. I think others will be. Those are some of your top headlines. Amazon has a new set top boxes called the fire tv which plugs into your television and Internet Connection and makes it possible for you to watch movie, shows, other video anytime from the web. This represents just another bit of competition for apple as well as google. What if anything does amazon fire do that you cannot alrea
Pickard. In san francisco, cory johnson. He has been digging deep into the filing. Also, gordon chang. Before we get started, i want to take a closer look at alibabas is this by the numbers. Business by the numbers. Leslie pickard is here with the details on my po. You have gone through the whole filing. What is different about this . Is a massive company. They talk about their ecosystem, maintaining their culture. Carehave taken a lot of and time to put this perspective together. They are trying to exemplify what this company is for american investors who do not use ali baba. They have taken a lot of care to lay out what their business is, how they monetize, and how they make money. Much are not sure how theyre going to raise. They have a billiondollar placeholder for now. Correct. The placeholders dont necessarily mean anything. Theyre just used for placeholder purposes. Market value right now, my estimate, it is at 168 billion. We are told by sources it should come out around that r