Hello. This is todays Worldwide Exchange. Im ross westgate. And im kelly echs. These are your headlines from around the world. Inflation is growing the India Central Bank prefer easing. The government steps in to contain home buying by foreigners in singapore. And a major overall, boosting operate aing profits by 25 . And its merger monday. Watch group by terry winstons division by 700 million, but u. P. S. Walks away from its 5. 2 billion offer for tnt express. All righty. Its Worldwide Exchange here and we are back in the saddle. And it feels good. And George Osborne is making some comments. Hes basically saying that its an interesting starting point and he plays down the prospects of there being a straight referendum on being an in out referendum, part of the eu, not part of the eu, which is mixed from where most people think they are. Some of the surveys show the people becoming more worried about it and we saw those comments, whats his face, labor leader over the weekend saying th
Hes not bothered by the 25 drop in the companys share price. People try to really read the tea leaves, even though theres not enough information to make conclusions. And then they go and get exuberance and depressed. As Warren Buffett said, the market is like dealing with a manicdepressive. Youre watching worldwide exchange. Bringing you Business News from around the globe. Hello, everyone. If youre just tuning in, thank you so much for joining us on the show. Well give you a quick check of how futures are faring ahead of the market open this monday morning. We are looking at a mixed measure. Take fair value, the s p 500 is actually seen down by 0. 80 . The dow and nasdaq seen slightly higher. This is after the s p and the dow hit another record. For the s p, it was the sixth record close in seven sessions. Can you believe it . But, at the same time, the volatility or the fear gauge fell below 11 for the First Time Since 2007. Well talk about that later in the show. Meantime, to europe
Welcome to worldwide exchange. Im kelly evans. These are your headlines from around the world. Chinas economy rebounds into the Fourth Quarter, beating expectations and snapping seven straight quarters of slow growth. The British Government says theres no indication that the hostage crisis is over in algeria as the reports emerge that doesz may have been killed in a rescue operation. Investors are unnerved by big Spending Plans in 2013. Plus, glencore pushes back its mega merger by weeks as the Regulatory Commission begin necessary south africa. Welcome to the program. I want to bring you some breaking news in terms of energy prices. The iea is out with its latest 2013 oil report. It expects u. S. Oil demand to remain flat on the year. But the headline here does appear that the market, according to the iea language here, is tighter than we thought. All of a sudden, the market looks tighter than we thought. Thats the main message were getting from the organization. It says the world for
Stocks coming off their worst losses this year. Its february 5th, 2013 and squawk begins right now. Good morning, everybody. Ike becky quick along with Andrew Ross Sorkin. Joe kernen is off today so we are again joined by Steve Liesman. Also at the table with us this morning, our guest host is andy surel. Andrew just talked about the markets. Stocks ending at session lows yesterday. In fact, all ten s p sectors closed lower. Yet the bulls betting this is nothing more than a bull pac. But we will have a number of powerful investors for their thoughts throughout yao the morning. Jim oneill will join us in just a few minutes. Then in the next half hour, the man charged with making sdigs for how blackrock invests more than 1 trillion, the firms chief investment strategist, russ koesterich. Nouriel roubini will be joining us and were going to ask him for his current view of the world. In the following hour, buy and hold is the name of his game, barons capital ceo ron baron will be our speci
Europe, and also in the u. S. On the other hand, you see also a kind of slowdown in some traditional high growth emerging markets like brazil and marginally so in africa. We speak to the ceo of rival carlsberg in just half an hours time. That is a first on cnbc. And a bailout bat unttle in german politics. Wolfgang schaeuble breaks the party line saying greece could get another aid deal. Good morning, everyone. Welcome to a brandnew edition of worldwide exchange. The stoxx europe 600 is down around. 1 . Were in a Holding Pattern ahead of the fomc minutes out later today. European markets are around a twoweek low, after a big decline in yesterdays trading session and the picture is looking a little more mixed this morning. The xetra dax is off by. 2 . The ftse 100, once again, underperforming. This market is now off some 3. 5 this month alone. But today it is also being weighed down by some of the stocks which are trading exdividend. Among them, hsbc. Ftse mib seeing some bright spots,