The dax in germany up by. 2. The cac in france is up by a quarter percentage point the ftse is flat crude oil ended down by about 19 cents for the week last week this morning its down another 17 cents to 56. 38. A couple big stories were watching geopolitics. Germans chancellor Angela Merkel said efforts to form a Coalition Government has failed. Merkel has been working for more than a month to work with the, quote, free democrats and the greens after losing ground to a far right party in the september election if a coalition cannot be formed merkel could form a minority government or call for a new election youre looking at the euro down. Big questions about whats going to happen in that country. Also, in Corporate News, Marvell Technology is reportedly nearing a deal to buy chip maker cavium for 6 billion. Its going to create a bigger competitor for chip makers like intel and broadcom it would be comprised of 50 cash and 50 stock valuing cavium at 80 per share. Possible deal was firs
Questions are good a lot going on all right the markets are crazy, becky what was that, 350 on friday, when it was all said and done. And strongly higher again this morning. Almost 200 and also well, well take a quick look heres a check on the markets u. S. Equity futures at this hour are, as you can see, 193 points indicated on the dow the nasdaq up another 25 the nasdaq shb dhad been diverg last week. Thats a big move that we saw, continuing buying, going on, across the board in this country. And actually in asia and europe, overnight, some strong Market Action and some interesting news in the tenyear note as well. But as you can see, the nikkei was one more than 1 point 260 points hang seng up sharply as well check out europe, green across the board, in europe, when i watched, at least looked this morning. Not the gains that were seeing here or in asia. But well see what happens this week as we move forward. Its only 6 01 and treasury yields moderating on the tenyear, which that you
Has made its mark with a distinct burden. Generations, telling us the secret to fighting off the competition. All of that and more over the next hour, but first, lets get an update on the situation in syria out with my radio cohost carol massar. The president was presiding over the United Nations security council, where they unanimously , anded a resolution earlier today, the president addressed the General Assembly about the fight against the islamic state. Together, training and equipping the Syrian Opposition isil,t the terrorists of but the only solution is political, in response to the legitimate aspirations to all syrian citizens. Regardless of ethnicity, regardless of creed. President obama added that the war must reject extremism. All right, thanks very much, carol massar. The to president obama at United Nations. In the president s speech, he called for world power to eliminate the socalled cancer of extremism. Was it effective . Lets talk to a senior political advisor of the
The secret to fighting off the competition. All of that and more over the next hour, but first, lets get an update on the situation in syria out with my radio cohost carol massar. The president was presiding over the United Nations security council, where they unanimously adopted a resolution, and earlier today, the president addressed the General Assembly about the fight against the islamic state. Together, training and equipping the Syrian Opposition to meet the terrorists of isil, but the only solution is political, in response to the legitimate aspirations to all syrian citizens. Regardless of ethnicity, regardless of creed. President obama added that the war must reject extremism. All right, thanks very much, carol massar. Now, to president obama at the United Nations. In the president s speech, he called for world power to eliminate the socalled cancer of extremism. Was it effective . Lets talk to a senior political advisor of the Rand Corporation who joins us from washington, d.
Intensifying. New data showing that the economy slowed at a pace than originally anticipated. Nasdaq starting off at a a closing high, and 14year high. And the guidance says it is experiencing severe disruption from the winter, and gap suggest suggests gaap suggests it will fall more than expected. And on mad mad money last night, cramer talked about raising investments. And we will hear from apples tim cook. And in the first full year results are lower after discovering fraud in the subsidiary in mexico, and they go into detail, jim. This is not a minor story, and i know that when you look at the big revenues of citi you say, so what, but this is a major client with a checkered history and it is a 360 million and they say, 230 million, but 360 million pretax the. Okay. And you think it is important because you look at 360 million pretax fraud resulting in a 235 million aftertax writedown and it gets complex. It is complex. But related to transactions between penmax and vanimax who is