Im stephanie ruhle. Eric was under the weather this week. Im happy to be back. Breaking news about the housing market. Home sales for december are out. Scarlet fu is in the newsroom. Unexpected decline in the number of contracts to buy previously owned homes. It comes from the National Association of realtors. A drop of 3. 7 for the month of december. That is the biggest decline in the the year. On a yearoveryear basis, pending home sales increased 8. 5 . That a small at the what economists were looking for. They were into speeding an increase of 10. 5 . S p 500, paring it is extending losses following the news. We have the 10 year yield pretty much where it was. We will continue to monitor all of this. The fed has said it is data dependent. This shows the housing industrys recovery is still on even. That a scarlet fu with the latest. Lets take you to the bulletin. Top is the stories. Shares of alibaba are getting beat up today. The stock fell as much as 7 after the Chinese Ecommerce C
Here at this time on facebook day. We will see how alibaba turns out. There are so me great reasons to host a show at this time. This has to be near the top of the list. There are so many expectations. Almost 168ed at billion and it hasnt even traded yet. Lets take you down to the floor of the Stock Exchange. Just ended an interview with the man of the hour. Emily, tell us about jack ma. He is incredibly excited, as you might expect. I got myself the with jack mom. That has been 15 years in the making for him. He started the company in 1999, and the internet rarely existed. People thought he was crazy. He got 17 cofounders who believed in his vision. A third of those cofounders were women. Onre was a lot of excitement the floor of the New York Stock Exchange. He had alibaba customers in town visiting from china. They are the ones who rang the bell. He did not ring the bell himself. That is a pretty humble. He knows there is a lot of work to do. We talked about u. S. Expansion and a tim
Austria, the Czech Republic, Hungary and Slovakia have called on the EU to "put words into concrete actions" in order to resolve the dispute over Germany's gas storage levy, according to a note sent for ministerial consideration seen by <i>Argus</i>.
Gas transmission system operators (TSOs) across central and eastern Europe have launched the start of binding incremental capacity processes aimed at facilitating larger gas flows from south to north.
Europe's largest fertiliser producer Yara's European gas consumption in the first quarter was up by 26pc on the year, but remained far lower than in the second half of last year.