It looks like were looking at a lower open for the dow. As for the action in europe, really, the action focuses on italy where theres an impending political regime change. More on that in just a moment. The road map starts at the golden arches. Mcdonalds blowing out expectations for november sales after the dismal drop in the month of october. Hoping to fuel the rise, the bacon onion cheddar sandwich. Theres one thing for certain, taxes on top earners are going up. Turmoil in italy. Berlusconi throws his hat in the ring. Retail Sales Numbers out of china, hoping the economy is in fact on an upswing. Apple, enthusiasm. Jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the premarket. Well start with mcdonalds, posting better than expected november samestore sales, global comps up 2. 4. U. S. Samestore sales up 2. 5, offered by breakfast offerings, including that cheddar bacon onion sandwich, as melissa mentioned. Jim . People are saying the u. S. Maybe
Yellen, bill dudley, and the markets housing is the key to acceleration. If it does not happen now it might not happen this year. The evidence is mixed. Last month, new sales dropped to an eightmonth low. Since then, Housing Starts were huge but they were all apartments. We find out whether those new holes in the ground are being sold. They should be. More families are being formed, they need homes. Interest rates are low. Winter is over. Existing home sales were up not as much as forecast. The fed folks have told us housing is a key part of the economy. Normally it leads us out of a recession. Last year it finally began adding to growth and that changed the last couple quarters. If we are going to see the economy pick up it needs to change. What is the excuse of the numbers are not good today . Back to the Interest Rates. Average Mortgage Rates havent fallen since the beginning of the taper. The jump during the temper tantrum hurt. Ofa relative basis a lot firsttime buyers never exper
Rigged. Michael lewis says High Frequency trade is using an unfair advantage which is extracting billions of dollars from investors. Welcome to the first Worldwide Exchange of the week. Europe has now moved into summertime, so we have now regained five of the differential with the United States, but things have changed as far as asia viewers are concerned. An hour into trade today, here in europe, you can see advances currently outpace decliners by a ratio of 72 on the dow jones 600. The ftse last week was up. 90 . Down on the quarter 2 . We are up another half a percent. The dax is up a quarter percent. The ftse is up a half percent as well. Lets show you turkey throughout the morning after the Regional Party victory in local polls. And the bist 100 is up. 33 this morning. Heres where we have come as far as the First Quarter is concerned. We are getting toward the last trading session today. The ftse is down 1. 5 so far for the quarter and year to date as well. The dax is up. 61 . The
Twitter for goring court orders to remove content leading to a corruption investigation. He has threatened to Block Facebook and youtube. Causing outrage. Even turkeys president circumvented the band calling it unacceptable. New blog post in support of net neutrality, saying it must be defended and strengthened. Without net neutrality, consumers will end up paying a lot more. He writes that netflix will strike deals with providers in the near future to protect consumer experience. Just weeks after netflix cut a deal. Microsoft outlined its policy on when it can search users email account after revelations expand the email of a blogger who allegedly received microsoft trade secrets. Microsoft says it will not conduct a search of customer email and other services unless the circumstances justify a court order. Microsoft will only look at relevant information. The company says it will publish a number of searches every two years. Early story, tech ceos meeting with president obama today a
Twitter iness to turkey. Ignoring a court order to remove content. Many are outraged. Many feel that the president circumvented the block and tweeted that the ban is unacceptable. A moreill be personalized app. Career be from the history, seniority, and connections to show more relevant articles. It will be released in the third quarter. Outlines its policy on when it can search user email accounts after revelations that it scanned the emails of a blogger who had microsoft trade secrets. Surge will not search emails unless there would be a court order. Even of the search takes place, it will only look at relevant information. Now to the top story of the day. Tech executives, including eric schmidt meeting with president obama today at the white house to talk about the nsa and government surveillance. Melissa meyer was also invited but could not make it on such short notice. Megan hughes is in washington. Has this meeting that going on for two hours now . We understand from sources insi