European headquarters here in london. And i am Francine Lacqua live from davos. We have a huge lineup of guests for you today. We will be speaking to Boris Johnson and Antony Jenkins, the mayor of london and the ceo of barclays. Then we will delve deeper into iran. We have some top ceos discussing iran and whether they want to do business there. I spoke to the nissan ceo. He said there is a lot of potential for the french carmakers to the big in iran. Need so much more investment that there is real potential for business deals and contracts here in davos. Is this what everybody is talking about at davos . You have an event taking place in the ukraine that is capturing the headlines as well. Rouhani seems to be the center of attention looking in. It is the first time we have an iranian president arriving in davos in a decade. I spent a lot of time trying to speak to him yesterday. I did have a couple of brief moments but he was backtoback meeting with the Prime Minister of the netherlan
It is 7 00 in london this monday morning. We are ready to deliver the stories that would drive your day. She is in zurich with a look at what switzerlands decision means to companies that want to hire. Hollande takes on a u. S. Tech giant. Swiss lawmakers have shocked the european elite by narrowly rivoli voting for immigration curbs. This could have a effect on the countrys key industries. How many showed up to give their support for these new caps on f oreigners . About 3 million total votes of an 8 million population. It passed by 9000 votes. At was 53. 3 . This is the president looking forlorn. Almost seems to be fighting back tears. There is a sense that there protests there is a real 5050 country split. In the cities, this was voted down overwhelmingly. It was supported in the country in the german and italian speaking regions. This will take years to implement. It will take three years to put this into law. That is the challenge for the swiss government. They have to write this
The first time in 5 years. The nasdaq and s p 500 also rallied along with gold and oil. A lot of green the market moved higher after the government reported 157,000 jobs were added to payrolls and the Unemployment Rate ticked up but remains below 8 . Also, revisions of the past two months edged up. Exclusive exchange the sec is considering an exchange for millionaires only. It would include micro and smallcap companies. And dell shares could get extra active today on talk of a buyout deal. 57 million shares traded friday, two times the normal volume. Mark sebastian of option pit mentoring joins us on this monday morning for a closer look at the markets. Mark, it finally happened the dow closed above 14,000. What does that mean to traders this week . Well, i think that we are going to see that same trend that we have been seeing all of january continue through february. Without a real catalyst, i think this slow grind higher continues, and we could see the dow break its alltime record t
Long this weekend. No. You want to rein in your horns . If i want to buy something, ill buy protection and in the puts and vix but i wont go long. Are you going to be buying what hes selling, Matt Cheslock . If you want me to. No way im throwing in the towel now. The market has gone away from me. Im going on the same premise as ben. Volatility has been awesome as far as trading goes. A 170point reversal. Dow down 116 on the open and then even more than that. Wonderful trading down here but maybe a sign of a little bit of a top. You feel we are getting a distribution top here. Not accumulating. No way im going home long. The sky isnt falling from sequestration so thats a good thing, too. Were focused on hoops right now. Got a little playoff game. Good to see you guys. Have a good weekend. Pleasure. 15 seconds left. The dow up 25 points, a volatile week comes to the end. What will the month of march bring . Well resume that again on monday. Have a good weekend. If i dont see you later, m
But with 33 million americans set to hit the highway for the memorial day weekend, many drivers are wondering what they should do. A record of nearly 34 million vehicles are being recalled for defective air bags blamed for five deaths and more than 100 injuries. We have more now from jeff glor. Reporter consumers have now been warned that many takata air bags are defective and may deploy with excessive force, rupturing a metal inflater sending shrapnel flying through the vehicle. But today car owners are confused because its still not known exactly which vehicles are recalled. 11 Car Manufacturers are involved and the Companies Say theyre waiting for details from takata in order to determine the models of the cars which may have the defective air bags. This is certainly approaching the worst recall situation ever. Reporter sean kane is the president of the Company Safety research and strategies. Youre between a rock and a hard place with as a consumer. You have a safety defect that if