Expectations. Incompetent vestors dont seem that disappointed. And french wheat tells low after it told investors it took a 2 billion hit related to its stake in alston. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. And a warm welcome to todays program. Were going to be an extra hour longer, three hours, because of course the u. S. Markets are still to come. Were going to kick off in rome where youre seeing jules is located. Theyre going to ask matte matteo renzi for more time to agree on their agenda. Jules, i hope you had a nice week end in the italian capital. How tough are negotiations going for mr. Renzi. Incredibly rough, ross. We are expected him to be given a mandate at 10 30 cet. There were delays in the talks. A angeleno alfano. Hes talking about a german style pact here. He wants to set out the forward progress of this coalition and what reforms are going to be enacted. He, of course, broke away from berlusconi last year. Since
Out record amounts of in the First Quarter. A shareholder pact is wound up ahead of time. All right. A warm welcome. This is the tuesday edition of Worldwide Exchange. Lets to get to on tuesdays show. Angela ahrendts is heading for silicone valley. Well get a closer look at the deal in just a few moments. Rio tinto is up after a bullish sign from miners as rbs morgan john wilson. Julia will be in luxembourg in around 30 minutes. And could the debt loss in washington finally be over or are investors rushing to conclusions . Well hear from a panel of political insiders at 11 45 cet. Plus, forget the debt ceiling. Theres a lack of innovation is the real threat hanging over americas economy. The former Nobel Prize Winner joins us here on set with his new book in the next hour. But first, u. S. Senate leaders say theyre optimistic about a possible deal to end the Government Shutdown and extend the nations debt ceiling. Senate majority leader harry reid said on monday theyve made tremendous
In the midst of a major rollover. Still today like yesterday, the buyers and sellers did real soulsearching, and what exactly are they pondering . Basically, theyre trying to figure out if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more . Its a firstclass quandary that we have to dive into headlong on mad money if were going to figure out the markets move. Its distracted and a parlor game and we find you the best stocks and the best opportunities. The only focus on the feds next move the last three years, you missed some of the single best moments to invest in our lifetimes. I regard that as terrible. I regard it as shameful because this fedcentric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and its the market as a marionette. My favorite credo is the opposite. The stocks represent companies and the companies march to many different drum e
An optimistic start in japan there on the first trade of the day first trading day of the year. Japanhave a margin and down 1. 5 . Year with nine years nine days of trading gains. What stocks are falling the most . It is down because of the strong yen, for example. And the aussied open is about to start. Mitsumi falling. Clearly, the strong yen is on the equity prices will stop you can see taiwan, singapore, malaysia. Equity prices. You can see taiwan, singapore, malaysia. The performance of stocks falling the most in japan and i will show you the high chart in this early stage of the new year. Red acrossmuch a theboard. Industrials and consumer goods are down. They have fallen the most by the most. You have a fixed line of 1. 4 and Consumer Services down. No news on that. Clearly falling as well. You have the fed talking about how the fed must be aggressive in tapering 10 billion a month. Anda stocks are falling travel and leisure stocks. Tokyo stocks and the tokyo dome is falling. Is
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