Report. Michael, what is going on . Michael we have earnings out from China Southern probably the drop in the price of fuel. Angie that is the key. What has fuel been doing to allow these stocks to search . Michael the key is what the airlines have been doing. The difference is the chinese and hair airlines have not been hedging their fuel prices. We saw pacific, they had been hedging their purchases and it came back to haunt them. They made a decision when prices were falling a few years ago that they were not do that. Hedges are basically insurance. A risk that you are taking. The more confident they feel where price of going, the riskier. Angie european and u. S. Airlines have hedged. Something to write jet fuel prices fall. Lets talk about highspeed rail. Will it affect the output . Michael it is interesting. The Chinese Government is investing heavily in railways and also air infrastructure. In the budget presented recently, both of these sectors saw huge investments. I think even
On the high street with them falling near the stock 600. And the Prime Minister tells cnbc exclusively the muslim brother is no longer welcome in his country. Physically, they feel more and more excluded. They are in a state of denial, so they are really stuck. Hello and welcome to the first Worldwide Exchange of the week. We kick off the data out of the eurozone, we are unchanged from the estimate, 52. 1 in december. 52. 1 in november. Enjoying a fairly strong finish to 2013. So new orders in at the fastest pace since june 2011. The Employment Index hitting the 50 mark for the first time in two years, that means employers are hiring people just as many as they are lagging off. But france seems to see the flash repeated. Theres a better number out of spain as well. Euro dollar at 1. 3601 away from the number we hit weeks ago. Well get thoughts from kathy, is sturgon manager. Happy new year. Happy new year. In 2013 there were russian consultants in europe and core europe. Now its really
Lets start out with a live look from Storm Tracker 4. In terms of lightning and any activity that we have seen is out of of the bay area. You can see the flashing lights on your screen. We are working up to dry conditions are right now but however, we may see changes within the next couple of days. We are holding on to seven days is fairfield and 60 degrees out the door in oakland. The temperatures are warm however, into the afternoon that when not be as warm as livermore was at a high of 102 degrees. 79 degrees will be your high today in oakland and mid 80s for redwood city. We have a red flag warning into effect until about 3 00 a. M. On wednesday. We have the potential for fire weather because it is dry outside. You should keep this in mind and the winds also will be gusty. The 7 day or around the bay shows that the temperatures will start to pull. Cool. This is something that we will continue to monitor. Northbound 880, all the lanes are cleared. There was an overturned tractor tra
We begin with more bloodshed in egypt. Egyptian Officials Say suspected militants killed 25 policemen this morning in a border town on the northern sinai peninsula. There are growing calls on capitol hill to discontinue u. S. Aid to egypt. While egypts military says it wont tolerate anymore violence. Ko is in washington with the details. Ko . Reporter good morning, annemarie. Clashes are also dividing leaders in washington. There are fears of an army rule. Theres delicate diplomacy. Egypts military is stepping up. Armies are in the streets and police are arresting anyone violating the curfew. The general told the country he will not tolerate anymore violence. Translator we will not stand by silently watching the destruction of the country and the people. Reporter more than 800 have been killed in clashes between Security Forces and ousted president morsi. The protesters are terrorists trying to bring down the country. The protesters are saying they staged a cou pf over the legitimately
Deutschland. A pair of u. S. Tech stocks could be in the spotlight today as netflix fails to wow analysts with latest results and investors get set for another quarterly decline in apples profits. Good morning, everyone. It is a brandnew edition of worldwide exchange. And on todays show, Turkeys Central Bank could take steps to ease investors fears in its latest Rate Decision today after a popular protest rocked markets last month. Morgan stanleys head of economics for the region joins us at 10 30 cet. And the bull run is on for u. S. Mna according to a new survey which says co confidence is on the rebound. We bring you the release first on cnbc. Thats coming up in the next hour. And telenora launches a share pieback after Second Quarter earns beat. We get the full story with the ceo live from norway in just under an hour. Netflix shares take a hit. Julia boorstin brings us an exclusive interview with the ceo straight from Silicon Valley at 11 30 cet. And there appear to be limits how