Combined fines could top 5 billion. U. K. Retail in a rut. Shares slip as a sharp outlook overshadows better than expected earnings. Marks and spencer also in the red as the Share Buy Back fails to impress. Good morning and welcome to Worldwide Exchange. Lets have a quick peak of where your dollar is trading. The big news obviously that came yesterday but today germanys ppi down 1. 5 on the year. Thats a weaker number than expected. I wonder if were looking at the Euro Dollar Exchange rate right now, 11114. How vulnerable is the euro dollar to raise in yields again. What if we see the bond yields right now. Currently 60 basis points. Does the ecb come in and use verbal intervention. Absolutely. Very interesting point that the euro dollar moved like an equity over the last six months. We saw it correct. We saw it come back away from 104, 105 handle and it it is moving really off the back of the ecb comments that you just mentioned yesterday. Interesting to also point the german bund. Fo
Morning, your take on day two of the Government Shutdown. 202 7370001, 202 7370002, and independence 202 6280205. 12 can email us at journal cspan. Org. Phone is davidhe hawking, Senior Editor with roll call. What will happen today . What is the latest . I do not think we know too much about what will happen today except almost certainly what happens today, whatever , we think the piecemeal bill we will have today is opening the National Institute of health. There were reports yesterday that some young all in a Clinical Trial at nih for cancer treatment, that the trial had to stop and the kids did not get their treatment. What through social media and capital. Almost certainly that will face the same fate as the bills that moved yesterday, which would have involved allowing the District Of Columbia to locally. Aise money to stay open the National Parks and Veterans Administration to keep going. All of those got republican votes, but that was not enough to pass the bill under the two th
Its numbers were not necessarily going to be up to snuff. It said it would be doing some reorganizing. Out withit is coming the actual numbers, they are ahead of estimates. 217 is what analysts had been anticipating. In the fourth quarter. The estimate was for a gain of 2. 5 . Heres what seems to have gone on at macys. During the Holiday Season, the retailer was stronger than many of its competitors at time when most retailers were struggling. Because of the still struggling consumer and because of the weather. That weather affecting in january. Macys appears to have had a stronger Holiday Season but the fact that those same store sales are missing estimates is likely because of the weaker january. I january that most retailers had. That weather affect really hitting many of these companies. If its snowing outside and the roads are bad, people were simply staying home. How is macys holding up compared to its competitors . It has been doing better here. This earnings per share number me
We are getting manufacturing data out from the eurozone. We have seen a series of numbers coming out already this morning and we are waiting for the final number. 52. 7 is the number. The french number was weak, wasnt it . It came in at 47. German 54. 3. Areas of the periphery that had been weak in the past, such as spain actually strengthening. That was against a 48. 6 reading in november. Turning around, the spanish number. Later on the program, well speak to unicredit about the Oreign Exchange story. Fiat shares are surging this morning. They agreed to buy the remaining stake in chrysler it already doesnt own. It gives them full ownership of the u. S. Automaker. Ryan chilcote joins us with more. Marchionne finally gets the deal he was looking for. The stock is up more than 15 . You have to go back to april 2009 to see that kind of share price increase. Really extraordinary. Worth mentioning the Italian Stock Exchange has an upper limit of 10 . They waved it. Investors seem to like i
Porky pig. Overnight in asia, shanghai and hong kong down sharply, some disappointed in that fourday meeting of leaders and bank of england cutting its forecast for inflation. Macys beating profits, affirming on the year. And a fight with kraft ends up costing the coffee giant 2. 8 million. Tesla confirming there are no plan foors recall. Outlines his vision and fires back at George Clooney. And doubts continue to compound about completing fixes for the end of the month on baum care. Revenues beat consensus at revenues are up 3. 5 prgs. The ceo says numbers are extremely strong. Sales trends at bloomingdales doing well. Big name for my charitable trust. Ta Terry Lundgren has been able to go against amazon. In is always whos got the antiamazon game plan. He can move around merchandise. Hes got my macys, the regionalization. If you go there friday night in pittsburgh, you will find steelerlike clothes, raleigh, north carolina, its bow ties and sear sucker. The new york store is doing wel