Fighting in ukraine grew more widespread as the key of government stepped up a campaign to quell a prorussian insurgency. Meanwhile, germany is pressing for another round of talks in geneva to bring russia and ukraine together and the u. S. And european union. The german chancellor Angela Merkel and russian president putin discussed the crisis in a phone call on sunday. Joe . Chinas factory activity remains stuck in contraction for a fourth straight month in april. The hsbc purchasing Managers Index came in at 48. 1 and thats lower than the preliminary reading of 48. 3ment and below the 50 mark to separate expanding activity from a contraction. That shows a much bearer picture of manufacturing than the official pmi released by the National Bureau of statistics. Last week it crept up to 50. 4 from 50. 3. Lets take a quick look at the futures right now. And becky, as i know you are probably listening, watch the tenyear note go by every once in a while. Its i dont know whether you checked
Thomas piketys new book, capital in the 21st century. It is inspiring serious debate on income inequality. Here our own charlie gasparino. And senior judicial analyst, andrew napolitano. You cant get the book online. It is sold out. Everyone is talking about it, in my humble opinion it is complete outrage. Im reading it. We should point out this started. I sent an email through fox business and said this book which is essentially das capital revisited, which is karl marx famous treatise of communism is talk of mainstream media. Legitimate business deirdre everyone is talking about it. We need to address this was i only one that responded on sunday afternoon . I think so. You were irate. Emailed me back and forth about theories of Economic Activity on sunday afternoon. Picketty. Deirdre you guys are dull. Setting that aside. This is incredible this taken off. It tells you how society is thinking about. Or tells you how media tells you how the elite are thinking. Elite media. Harvard uni
Varney company is about to begin. Stuart attorney general eric holder working closely with financial regulators to bring criminal charges against large Financial Institutions. There is no such thing as too big to jail. All rise, judge Andrew Napolitano is here. What is the legality of it . Right. What the political clamor is for is to see bankers and orange jumpsuits dressed the way that we are perp walked into a courthouse. The banks did something wrong. The banks caused the mess in 2008. Why arent they punished . Why is it that big banks can pay these huge fines to the federal government and then not get anybody indicted. That is a political perception. Stuart goldman paid a half billion dollars as a fine. It is unethical and you could lose your license. If you do not cough up this, we will prosecute you criminally. If you are sending 500 million to the federal treasury, they will probably leave you alone. Somebody else may have done the same thing. Having said that, there was someth
Says the country will return to the market following an exit from the cleanout measures. And cnbc is told that economists are off track and inflation in his country is under control. Economists in the private sector, in the past three months, they have been consistently wrong. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Hello and a first welcome to the first Worldwide Exchange of the week. A remind they are a the u. K. Markets are closed as a holiday today. More on that, but first we kickoff with the prorussian rebels rushing a station in russia after a fire in a building being occupied bicep atists. The Prime Minister has criticized the police force for not doing enough to stop the clashes and blames moscow for not interfering in the country. It seems to me that the entire world is facing a new type of war. This is the new war. With the military with insignia on their uniforms and the agents with a well organized terror plot network, with the d
Novartis, lily in a strings of multibillion dar deals. We call it pharma palooza. What does it mean for you . This, folks, is power lunch. This, sue, is your power lunch on drugs. Indeed it is, certainly today. We have it all covered with a fantastic team. Pershing squares big ackman and valiants ceo presenting their idea before investors and the media in new york a bit earlier. Kate kellie has the takeaway. High, kate. Were well into hour number two of this Investor Presentation when we heard from both. Big ackman taking the stage for the second time since ive been here just as i walked out. Hell be taking q a in just a few minutes. A quick reminder on what this deal entails. Its essentially a proposes cash and Stock Transaction in which every share of allergan would be received for cash as well as a large majority of a valeant shares, a lot of talk from Michael Pearson today whos been successful in dlirg shareholder returns about the durability of his assets, the products, the fact t