Vote in the European Union makes you numb. Were dealing with total overload at this point. We have prominent rich people that dont care about stocks. We have Hedge Fund Managers talking about how the pound sterling will crash. We have wall to wall coverage of this event in every periodical. More than i can recall when portugal, ireland, italy, greece and spain were about to go belly up a few years ago. I think theres a real possibility we could be taking something that isnt a big deal. At least most certainly for the u. S. And turning it into one. If major countries had truly defaulted during the euro crisis a few years ago i think we could have seen a collapse of the western world. This issue again could easily have rivaled the panic of 20082009 in our country. Im choosing not to worry as much precisely because everyone else is. It will be my job to recommend the stocks that shouldnt have been hammered because they had nothing to do with britain. Of course, we have to wait for the peo
Nasdaq declining. We have entered the heart of earnings season. These moment where is the reports are fast and furious with the headlights blaring and free markets all over the place are among the most challenging times for all investors. What makes dealing with this cacophony of earnings so tough . Its subjective. I view the companies as being similar to the way teachers grade tests. We do have the occasional true or false quiz, sometimes multiple choice and the essay. The subjective essay that needs to be read beginning to end. You want to figure out how well the company did. While you often hear that such and such a Company Reported a good quarter i reserve judgment based on the kind of test being administered. Sometimes the answer is obvious. Johnson johnson delivered a monster quarter with a terrific top and bottom line beat. As stellar sales of all the new drugs stole the show. It was unassailable. Therefore, j js quarter was a true or false test. Im checking true to the line tha
at 12,161 a 52-week high. the nasdaq and s&p added more than half a percent. a pair of multibillion dollar deals fueled the rally. beckman colter is being bought by over $6 billion. they make lab equipment used in medical diagnostics and pharmaceutical development. this would give them a larger foothold in the growing medical diagnostics market. they ve been struggling to you its revenue including the sales so it s using acquisitions to grow the revenue base. and a pair of oil service companies are combining to form the world s second largest offshore driller. ensco will acquire tex s pride international in a deal worth more than $7 billion. many believe pride is one of only a few companies in a position to meet the demands of new, tighter government regulations on offshore drilling. the regulations are a direct
week. president hosni mubarak s government is still there. and assange faces another day of extradition. sweden wants the which ke leaks questioning in a sexual misconduct investigation but assange s lawyer say his extradition could lead to his execution at the hands of u.s. authorities. the final results of last month s referendum in southern sudan have been announced and to no one s great surprise voters overwhelmingly chose the independents. the final tally found 99% voting to split the country in two barring new hurdles, southern sudan will become the world s newest nation in july. those are the headlines. world business today starts right now. good morning from cnn london. and a very good afternoon from cnn hong kong. i m andrew stevens and you re watching world business today. joe our top stories this tuesday, february 8th, egypt s workers are slowly getting back to business for the country s currency is still falling. we ll explore how violence in the middle ea
enough to satisfy protesters. with mubarak refusing to budge until september, will anything bring an end to this crisis? friend or foe? president obama speaks to the chamber of commerce today after two years of sharp conflict. looking ahead to 2012, today marks less than a year until the iowa caucuses. the only thing that s missing? actual candidates. it s monday, february 7th, 2011. i m chuck todd. savannah has morning off. what is wikileaks founder julian assange afraid of? our super bowl ads, huffinigton post is bought for the price of a hockey franchise. let s get to the rundown. in egypt, the anti-government movement enters the third week as life outside cairo s main square tries to return to normal. thousands of protesters are back in tahrir square. at one point they formed a human chain to keep a critical government building from reopening. the vice president omar suleiman says a meeting produced a consensus on new reforce. the opposition says there s no deal i