indeed. and hardly surprising. so you know, we really need to take all of these markets with a bit of a pinch of salt. in terms of the rally on wall street didn t last long. low-volume trading ending on a flat picture across the markets, if we can have a look and see how wall street ended. the indices clawed their way back from early losses but the nasdaq couldn t even muster a move into positive territory. just absolutely treading water there, andrew. charles, it s all new at the top of yahoo!. the company says its new ceo can turn around. but investors are more boo than yahoo!. paypal president scott thompson is taking over. they are struggling with market share and declining ad revenues and staff morale.
florida. so how long will temperatures threaten the citrus crop? meteorologist ivan cabrera is at the cnn weather center. i gather that frost is pretty rare in florida? certainly the frost and the freeze is what concerns us here, especially a long duration event. good to see you, charles, and happy new year to you. temperatures in florida have been flrigid, no question about it. it s an $8 billion industry here. when they do this, very concerned indeed. 8 below in tallahassee. temperatures going anywhere from 2 to 3 below. that is the threshold, that is when you start getting damage to the citrus crop. let s take you to the scene in central florida and elsewhere, where farmers were irrigating, which certainly helps with the freeze. temperatures have been right around 2 to 3 below. florida citrus mutual
additional support from central authorities there. so add all that together and you get more red arrows than green here in asia, charles. meanwhile on wall street, not a very exciting day, certainly thin volume on wednesday. alison kosik has a recap of what happened. stocks finished little changed wednesday, recovering from modest losses earlier in the session. concerns about europe resurfaced briefly but investors were able to shrug it off for now. the dow industrials added 21 points closing at 12,418. the nasdaq and the s&p finished mixed. one stock headed in the other direction, shares of eastman kodak tumbled to just 45 cents a share. the stock is down more than 90% over the past year. on tuesday, the nyse warned the company that it would delist the if shares didn t climb back above $1. on wednesday, the wall street journal reported that eastman kodak is preparing to file for bankruptcy. it will make that move only if
charles? absolutely. right across the board, an hour and three minutes into the trading session, what is worrying these markets, we re seeing a french bond auction today, long dated sovereign debt from the french treasury. it is seen as a test of how much progress euro zone leaders have made. there is a lot of liquidity involved here. it is up to 8 billion euros france will be selling. if it sells all of that it will be $10.4 billion. this follows subdued deman for german bonds at auction on wednesday. this explains why paris, for example, still off further than the frankfurt dax, off by 0.75%. we are seeing selling across the board with these two markets across the euro zone. london and zurich off by 0.75%.
unemployment is at 22% and the economy is flat on its back. indeed. actually we still haven t really seen many analysts say, if you talk to a lot of people, we really haven t seen where this government will make their really deep cuts, because they don t have a budget for this year yet. last week they rolled over the 2011 budget. remember they were just elected in november and just took power a few weeks ago. they ll have to fashion a budget. they re saying maybe by march we ll have a budget. that s where everyone thinks the deepest cuts will be coming and the deepest reforms that s when, analysts say, when we may see the streets, which have seen protests for months, get a lot hotter. charles. there must be a great deal of polarization. someone has come in and managed to oust the left.