And Australian Central Bank cuts. The aussie dollar rises with more to come. All right. Warm welcome to you. Another two hours of Worldwide Exchange to come. We kick off with a little bit of data out of italy. June Industrial Production not rising as much as had been forecast. The june industrial output up. 3 on the month, down 2. 1 on the year. It was seen rising up. 5 on the month, down 3. 2 on the year. And, of course, that will set us up for the gdp a little bit later. We will be in italy ahead of that. Also, as i say, on todays show, well speak to rbs. It wont be enough to topple the aleta coalition. Low cast airline easy jet gets into the business. Well look at the food revolution at 11 20. And amazon founder jeff bezos agreed to buy the Washington Post, the paper battles falling circulation. What does this mean for the business of media . More analysis with Bertha Coombs from the states. And also, we take the pulse of the Solar Industry with edward guinness, ceo of Guinness Alte
Coalition. His firm trading higher on the Deutsche Bank upgrade. Zblrj we kick off with the second reading of the eu services. Private sector returning to modest gross in july. Pmi suggesting the economy starting to stabilize. Business expanding for the first time in 18 months. The market using composite purchase managing index up to 58. 5 from 48. 7 in june. Breaks the 50 threshold for the First Time Since january 2002. Headline figure revised up a tick from the permanent reading of 50. 4. Slightly better. Thats just taken the euro dollar to the best levels of the session at 132. 89. Below 133. Trading tight ranges on euro dollar. Joining us is jonathan tapper. Nice to see you today. The pmi is now almost just about in expansion territory for europe. Are you confident that we finally got after two years we finally got some Sustainable Growth coming back . I think that this is a cyclical upturn. We are seeing some improvement. Varying perceptions. The Research Firm i run, work with, we
Havent seen since 2007. Stocks were mixed monday. Whats most critical to traders the s p 500 is holding on to the1,500 mark. Investors are cheering yahoo shares rallied after the close. The tech company had better than expected earnings. And the credit is going to the new ceo marisa mayer. The Federal Reserve is set to release Federal Reserve, banks its results on the latest Bank Stress Tests march 7th. And sale and clearance signs that were removed by management. Are going back up at jcpenney. Larry levin of trading advantage joins us on this tuesday for a closer look at the trading day. Good to have you on the show. Which sectors in this market have the most power would you say . I would have to say in the tech sector, nasdaq, apple stock obviously. And if youre talking about power its markets that move both ways. Certainly apples big down move has been something big. And then obviously yesterday we saw yahoo and their earnings come out and a big pop in that stock. So i like tech. Th
Stock of the day today mens warehouse. Retailer getting a boost after they are considering alternatives for its k and g stores. This is one of the companys weaker performers. Jay juror done, you dont wear anything from mens warehouse. Dont think so. Youve been doing business in china for about 20 years. We just saw the big 60 minutes piece about what may and bubble or not. Whats your view . Nobody knows. First place, you cant really trust numbers that you receive. China has to convert an outdated economic model, basically driven by investment and exports to a domestic consumption model. Their export markets are not going to disappear but substantially appreciate. The r an d is going to appreciate and they wont have the same competitive advantage. They have to grow their domestic consumption. Now what we saw on cbs was a building after building, real estate, empty. Thanks for joining us today. Mike, thank you. That does it for us. Right now it is time for squawk on the street. Good morn
Melissa welcome. I am melissa francis. It is like speed dating around here. Welcome, then this field. Dennis sam stovall for bulls and bears alike. What that signals for the market. Melissa kevin brady joins us with his warning on americas growing debt problem. Dennis president obama black on capitol hill for the Third Straight day. After rounds of discussions, are we anywhere closer to a budget deal . Will dobbs has that story. Melissa carnival having yet another problem with one of its ships. Dennis time for stocks now as we do every 15 minutes. Our own Nicole Petallides is standing by. Nicole we are really seeing another wedding day here on wall street. We got good economic numbers. Many of these people are surprised. To see up arrows again and had the eighth consecutive record alltime close for the dow. We are up about 62 points right now. Not too far off from our session and alltime highs. Some of the names that are helping the dial along our hewlettpackard, chevron and ibm. This