Rejecting an offer from Charter Communications saying it will only be interested in 160 per share. And can francois ohland deflect attention from his love life . The french president is due to present reform for the ailing economy. But will affairs of the heart get in the way . Announcer youre watching worldwide exchange, bringing you Business News from around the world. Well, it was a far more decisive start to the equity trading session this morning. The unfortunate thing is its in the red. As you can see, 9 to 1 reds to greens taking the stoxx europe 600 down by around 0. 6 so the in the first hour of trading today. Lets take a look at the individual performance of these markets. Red. Red across the board. The ftse 100 down 50 . Remember, were going to be looking out for cpi data shortly for that. German market down 0. 7 . And the cac 40 taking their lead from both asia. I mentioned the nikkei there, but also the u. S. Session far weaker as investors likely paired some risk ahead of
Well. Well get to that in a moment. Two exclusives with two heavyweights the street widely follows. Nouriel roubini joining us. Hes about to turn bullish on some emerging markets. And jim grant from the grant Interest Rate observer. He has his own unique take on the message the fed is taking about when raids will rise and some opportunities on Global Markets. I cannot wait to hear jim grants take on Janet Yellens News Conference last week. Thats pay per view material right there. Speaking of pay per view, nba mega star kobe bryant just invested millions of his own dollars in a new sports drink. Kobe will join us live in just a little while, get his take on that. Plus, well talk about phil jackson joining his rival the new york knicks. Thats coming up on the closing bell. Do not miss that. Here is where we stand in markets. Entering the final hour of trade, the dow is up just shy of 100 points. Is it significant we were at that resistance level . Art cashin was over here talking to us a
Continent. Retailing remodeling, invest for success, this is a sector under fire today. Staples, urban outfitters, tjx, best buy, l brands, all getting whacked today. Well talk to a person who believes hes the Retail Investor of our tile. First, though, to sue at the nyse. We are down triple digits, but we are going to start with a major recall announced by gm just a short time ago. Shares are down almost 2. 5 right now. In the last three months, the stock is down more than 7. 5 . Last trade on gm is 3352. Phil lebeau joins us live from washington with details on the latest real. Sue, its a series of recalls from General Motors. In total they come to 2. 42 million vehicles. Again, four separate recalls, two large ones and two smallers ones, all together a total of nine models are recalled or impacted by this recall. The years being built between 2004 and 2015. One recall in particular, for the cadillac escalade. General motors has stopped sales on 2015 versions of the escalade. They ar
Meanwhile, on capitol hill, the senate moves ahead to provide more sanctions on russia, but the measure could get hung up over proposed reforms to the International Monetary fund. Those changes are opposed by more republicans in the senate and the house. That is the one thats gone. The republicans continue to set up those that dont have that in it in the house. When you get to committee, i dont know exactly what happens, when you get to conference. Investors, meantime, are going to be keeping an eye on a new batch of Economic Data in the United States today. We get the s p caseshiller home prices for january out at 9 00 a. M. Eastern time. Economists are thinking well be seeing a 13. 5 year over year rise on home prices in the nations largest markets. But, again, there will be a key read that economists are watching. At 10 00 eastern time, we get consensus forecasts, calling for a 4. 9 drop in february new home sales. And at the same time, well be finding out how competent consumers ar
Something slightly different and art cashin takes issue with all of that. All kinds of reasons why were selling off here. Kenny polcari is already shaking his heads. Weve got investing legend bill miller coming up, bullish last month when he was on this show, so has that changed . We will find out when we ask him next hour. Gee whiz technology for you as well, a usb port for your iphone and ipad, not exactly, but the maker of this device were going to show you says his invention will serve that same purpose essentially where you can take data from your pc or mac and transfer it into your iphone or ipad. How big of a game changer would that be and how can you invest in it . Have the person behind the idea coming up later on closing bell. Heres where we stand in the markets, and were focusing on stocks today. Talked a lot about bonds and today its the market selloff thats captured some attention, the dow shedding 150 points or almost 1 . Not many components are in agreement and the nasda