Analytics reporting bargain hungry shoppers bought less. Sales fell by mid single digit percentage at brick and Mortar Stores on friday and saturday. That compares to the same days last year. But, heres the important part, it does not include online sales which of course have been the story of the season. Wellknown industry analyst dana telsey will join us with her thoughts later this morning. In the meantime, Steve Weissman has the headlines. Apple announced it has signed a longawaited agreement with china mobile to sell iphones to the worlds mobile phone users. It could add billions of dollars to apples revenue. It will start january 17th. China mobile will begin preorders on wednesday. Eunice yoon will join us. Tiffany must pay swatch 449 million in damages over a failed joint venture to produce and market watches. Tiffany is cutting its full year profit outlook. Boeings unionized machinist workers will vote january 3rd on the latest contract. Where boeing makes the 777 voted two to
Speaker john boehner said he is hopeful a deal will be reached, but also added the g. O. P. Wants the white house to provide details on spending cuts. But in the white house wants the same thing from the g. O. P. But either way that is good enough for the market. We took off and we stayed to the upside. So far neither side has been specific on spending cuts so coming up in just one hour o ony 4 00 p. M. Eastern, former treasury secretary paul oneill says he has easiest way to cut spending. Fox business exclusive and in this our whole host of leaders in business talking about what specific they want to see. In terms of individual standouts. Apple right now about 2 to the upside. Some excitement over the iphone 5. How is this for a order in china. Brenda marshall says china unicom has more than 300,000 people on the waiting list. Nicole petallides with talk about this earlier, but that is enough to boost the stock. Sales in china friday, can you imagine the lines . Sec dont airlines is s
0. 4 . Then this afternoon, well get the feds beige book. As for earnings central, bank of america is expected to post earnings of revenue of 20. 2 billion. Other corporate headlines for you, General Motors, theyre going to be paying their first Quarterly Dividend on its common stock in almost six years. The stock rising on news in extended trading. Lets go now from autos if we can to air lines. A japan air boeing 787 now grounded at together yoeps ae airport today. Regulators there are demanding checks to see if the aircraft is fit to fly. Yesterday, white smoke vented apparently from the plane in a battery shell showing signs of melting. Boeing says the problem was discovered during scheduled maintenance. And the good news, no passengers were on board. On wall street, a Federal Reserve official is going to be telling lawmakers that regulators expected to write more rules. So all of the Big Department about Goldman Sachs carrying aluminum around. The rule could include higher Capital
Its outlook for Global Growth this year, but warns emerging markets are the most at risk due to the impact of fed tapering. All celebration in india flanks to a 30 fall in vegetable. And double duty growth in the Asia Pacific Region helps bur rememberry outperform expectations in the fourth quarter. Shares in the retail giant rally to the top of the stoxx 600. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Very good morning to you. Welcome to worldwide exchange. Retail sales stronger, hawkish fed officials. And Goldman Sachs came into this week saying we can see a 10 pullback. One day and everyone is desperate to get back involved. Early fed tapering, and we are feeling better. The world is great . The world is okay. Plenty to get through, as well, on todays show. Hong kong leaders pledge to tackle the policy and housing rows at its policy speech. We discuss the 10 billion deal at 10 40 cet. And its back on the road for mary becauser. It
That is the call so far from 2014 economists and analysts. Good morning, john. 2013 was the year that the nikkei was the best performing stock market in the developed world. Monetary policy created a fiscal story. This year, it has been more painful. Frustrating wait for the third era. What third arrow. At the moment, the naked is the worst performer. Yes, down 2. 5 . That is a bit of a concern. Third quarter, 2. 2 . It slowed in the Third Quarter to 1. 8 . Day has come out and said that the arrow of deflation is dead. Inflation is currently 3. 2 . That is encouraging. Some has been the increase in the sales tax. Yes. People see the impact of consumer spending, wage growth, passing on expenditure. The Government Pension Fund, one of the biggest in the world, must invest in stocks. Yes, they have been strictly bond buying. Lets look at the prospects for the rest of this part of the world. Are there a lot bills bringing . The Property Market is contracting. That is a significant concern.