Welcome to worldwide exchange. Im ross westgate. And im kelly evans. These are your headlines from around the world. Beijing steps up social spending in its latest budget in the bid to boost Living Standards and build out chinas domestic economy. Europe agrees to an antimoney laundering audit of its banks. But the finance minister says the originalin borders on racism. For us, a depositor is a depositor. It does not matter where they come from. A 10 decline in car registrations in february overshadowed the auto show in geneva. Plus, hammer jeanie showcases the 4. 5 million that is a cool looking car. Standard chartered sets this dividend on the back of pretax profit earnings. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. February pmi, 47. 9. 47. 3 was the flash. Its still lower than the 48. 6 in january but the pick up from the flash, the Employment Index 46. 5, 46. 3 was the flash. The final composite pmi, 47. 9. Both germany and france
Another great week. Five straight up days. Alltime highs. Do we say its exciting . No. What we say is its interesting. And we stay focused, we stay skeptical, but weve got to like what we see. I always like to say theres a bull market somewhere, and i promise to try to find it right here for you. Im jim cramer, and i will see you monday welcome to todays worldwide exchange. You can financial stocks also falling as a panel of lawmakers urges a splitup of banks, saying proposed reforms of the sector dont go far enough. And china unveils its biggest overhaul in 15 years getting rid of the rail industry. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to worldwide exchange. This morning, Ross Westgate is away. We also have a onehour show for the next three weeks because of a troublesome time change in the u. S. Which means that well do our best to bring you all the news in this tight space. The Fourth Quarter figures for italys gdp is
Hell lowe. Welcome to todays edition to Worldwide Exchange. Im ross westgate. And im kelly evans. Hesitate are your headlines around the world. Chinas mainland markets knocked off balance by beijings latest property curb, hitting shares of Real Estate Developers there and around the world. The battle lines are drawn in d. C. After the sequester goes into effect. But for now, the white house and republicans arent giving any ground. Plus, executive pay is in focus across europe with voters overwhelmingly backed plans giving voters more say. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to todays program. And youre headed to italy. I am. Its supposed to be about emerging markets and Global Growth and all those sort of issues, but it happens to be in italy where we dont have a government. Speaking of italy, can we go ahead and show my favorite chart. If you look at whats been happening on market action, weve seen the back up at 4. 9
Hello. Welcome to todays edition of worldwide exchange. Im ross westgate. And im kelly evans. Here are your headlines from around the world. Spains gdp contracts for a sixth straight quarter, down more than initially expected as its most troubled lender posts the countrys biggest ever loss. And the finance minister raises taxes on top earners rather than cut spending in an election year. And the eu moves to clamp down on big paychecks in the Banking Sector, looking to cap bonuses on a bankers salary as early as next year. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Okay. Were back. Youre mobiled up and we have some data. Yes. Its such a mobile world, isnt it, in many ways. Lets first talk about whats happening with the german unemployment figures. We were waiting on these. It turns out 6. 9 , that is the unemployment level for germany in january. The unadjusted figure is 7. 4 . Its higher than expected. You can see the forecast was for
Hello and welcome to the journal on dw in berlin. Lets take a look at the headlines. Pope an addict meets his cardinals were the last time time before his resignation Pope Benedict meets his cardinals for the last time before his resignation goes into effect. New rules to set limits on bankers annual payday. A victory over defending champs, dortmund. History is being made in rome. Hope an addict is preparing to retire Pope Benedict is preparing to retire. His final act, a speech to his cardinals. He bade farewell and urged unity when electing his replacement. A last round of up laws for the departing pope of applause for the departing pope. In a few days, a conclave of cardinals will elect a new pontiff. Some are worried at the prospect of having both a reigning pope and the retired one. An addict tried to dispel benedict ride to dispel any fears of conflict. Among you cardinals is the future pope. To him i promise my unconditional reverence and obedience. This is likely to be the pope