Doubles n Second Quarter sending shares to the top of the European Market. Benefiting from a fall in bad loan provisions. A sweet session for nestle, too. They launch a Buyback Program as an emerging market pick up boosts sales. And investors hoping for a windful from rio tinto. Posting a first half jump in profits thanks to iron oreships. We speak first to the ceo in just a couple minutes time. Display youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. Youre watching worldwide exchange. Roughly one hour into the trading session, the stoxx europe 600 extending its weeklong slide. Were down by 0. 2 as were digesting the retaliatory efforts coming from russia. The ftse mib has been the big underperformer in yesterdays trading session. Its bouncing back just modestly, up 0. 5 following that shock return to recession yesterday for the italian economy. The cac 40 down 0. 2 and the xetra dax still 900 points away from that high, down
Partially restored in north korea following a ninehour outage, but u. S. Officials deny any action against pyongyang. And another defeat, the greek government is once again tested as lawmakers head into a second president ial vote that could bring the country closer to snap elections. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hi, everybody. Good morning. Glad youre with us here on the next two hours on worldwide exchange. Weve seen another volatile saegz for the ruble. Its given up exchange against the dollar, but trading a little higher against the dollar at the moment. In the last hour, a report emerged that the countrys Prime Minister told the largest state exporter to sell part of their forex reserves. If its in an effort to try to stabilize the currency. It intends to hold consultations with these exporters on these particular measures. The ruble has lost almost 70 against the greenback against the dollar. The worst performing c
Administration, filing a lawsuit, challenging the president S Immigration reform. Here to discuss it all our very own charlie gasparino. David asman, host of after the bell and arthur aidala, criminal defense attorney and fox news legal analyst. Youre the lawyer. I will start with you. Do they have a case. I am friend with dave and charlie. I like them a lot. Has good taste. You know what happens after that. We need somebody to vouch for us. Melissa does the president have a case . I think actually the president has the authority to do what he has done to a degree. He is entering the gray zone. He is entering, it is against the way our country was founded, right . Yes. The country is supposed to be Congress Makes laws, president signs off on them and enforces law. Here the president is trying to create law. Melissa out of thin air. Forgive me, the president can not create a tax which is, this is a huge, executive tax on states who are going to have to come up with hundreds of millions
It doesnt make it over. Box Office Records also could be in danger when disneys new avengers movie is released. If youre looking for a potential blockbuster alternative investment, boy do we have one for you. How you can invest in films and get your name in the credits as well. In the markets right now, were sniffing again, 3 00 were on. All right. We were at 2,119 on the s p, just a little while ago. Down to 2,117. We need to get over there for a new historic high. Nasdaq in record territory but below where we were just a short while ago. Kelly. Lets get right to it with our closing bell exchange. Brad mcmillan joins from us commonwealth financial network, doug gordon from russell investments, peter costa from empire executions and our very own rick santelli. Lindsay, let me start with you. How bad is the First Quarter gdp number going to be . And whats going on with the Second Quarter . Are we getting much of a rebound here . As we saw in this mornings number, it was up 4 . Not norma
Bill mcnabb, his thoughts on vanguard. And we will ask him whether or not index funds have won. Is it game set, match . Also well talk with spyder man, thats state streets jim ross. He oversees billions of dollars in Exchange Traded funds. Who is using them . Are they used wisely or not . Well talk Retirement Savings with the retirement heads of Jpmorgan Chase and bank of america, merrill lynch. Well put it all into the context of whats going on in the market today. Trouble force stocks as the market today. Trouble force stocks as for stocks ahead, rising oil prices, falling jobs numbers. All of that ahead on power lunch. Thank you very much. We will get back to you shortly. Several big stories today on power lunch. Outside of the Mutual Fund Conference including former treasury secretary, tim geithner saying were not finished with the financial crisis but well explain the but part in a minute. Election day in the uk. Forget about what the polls say. The better question is what does th