So far. And the weak economy, eurozones biggest bank post ago near 80 jump in nine months profit thanks to lower provisions. A bad call for erikson hitting Third Quarter profits. We speak to the ceo first here on cnbc on an extended edition of this show and that happens at 12 00 cet. Plus, manufacturing in china if a hitting a sevenmonth high. The country still on track for its slowest growth now seen in 23 years. He, everybody. Welcome. Yes, you are watching Worldwide Exchange here on cnbc. We have a lot to get through today. Theres a lot to talk about. First on the agenda, we have had the eurozone Business Growth easing for the month of october as by the looks of things demand has slowed substantially. Were looking at the eurozone pmi point to go 0. 1 to 0. 2 of Fourth Quarter growth. It fell to 51. 5 from septembers twoyear high of 52. 2. But what you need to take away from this 51. 5 print is that its way below the polls that have been out by reuters for an uptick to 52. 5. Were lo
Red across the board on some weak u. K. Cpi. Respectively sitting at or around new highs, the nikkei logging its best gain in two months. Apple puts ice new ipad retina on the market. And walmart steps up the competition. Another record close for the dow. The s p finishing just a fraction high of the alltime high. The nikkei closes at a high. And up say, jim, the dips are bought again and again and they are. A lot of times its just the intra day dip. Something might happen, a piece of data comes out and people say this is my chance. Theres a classic downgrade today of fedex. Fedex has been on fire. That deal with amazon and the post office, that is bad for fedex. Watch that stock. That will be the tell. It will go down a little and then buyers come in. Buyers cannot resist the transports. The downgrade of fedex to a market perform, they raise their price target from 136 to 117. They dont even mention the amazon ups deal. They say the value is outpacing demand i say thats convincing, i
The dow plunged 179 points, the nasdaq 62, s p 23. Gold added 6 dollars and oil dropped 1. 09. Google is buying Home Automation Company nest lab for 3. 2 billion. Charter communications reportedly wants to buy time warner for 132. 50 per share. The government logged a 53 billion dollar surplus in december. Its expected to reduce the government deficit by 41 in the first quarter. The obamacare 2013 numbers are in. And show 2. 15 million americans signed up picked a health plan through Health Exchange websites. Jim richter of Performance Trust joins us on this Tuesday Morning for a closer look at the bond market. Good morning jim. Whats the bond market signaling about 4th quarter earnings . Good morning angie. Clearly bonds are strong this year. Had you asked 10 economists at the start of this year where rates were going they would all say they were going up. If you look at where 10 year treasury and long bond is trading they are down in yield and up nicely in price from the beginning of
Photo disappearing app the next member of the 10 billion valuation club. An essay weaker nsa leaker Edward Snowdens temporary asylum in russia is set to expire tomorrow. A bill to review surveillance practices has cleared the house and goes to the senate. We will have a look at how snowdens revelations have changed the fields of business and government and you. Objectivees its public in a dispute with hash the group over ebook prices. Has been going on since may. In a blog post, amazon said its key objective is to lower ebook prices. At 9. 99s were priced instead of 14. 99, there would be higher sales which means more money for authors and publishers and amazon. Amazon writes, while we believe that 35 should go to the author and a 35 to , we believe 70 of the total revenue should go to hachette. Joining us via skype is an small distributor serving presses and literary agents. And a published author of several books on amazon. You have been supportive of amazon throughout this dispute.
Category of folks who dont provide Health Insurance, werent exempted by law, they are supposed to make sure that they meet their responsibilities so that their employees arent going to the emergency room jacking up everybody elses costs and the employers end up not having any responsibility for that. What we did yesterday was simply to make an adjustment in terms of their compliance because for many of these companies, just the process of complying, they are midsize between 50 and 100 folks, it may take them some time even if they are operating in good faith and we want to make sure that the purpose of the law is not to punish them. Its simply to make sure that they are either providing Health Insurance to their employees or that they are helping to bear the costs of their employees getting Health Insurance. And thats consistent actually with what weve done in the individual mandate. The vast majority of americans want Health Insurance. Many of them couldnt afford it. We provide them t