Rules. With strict dependability, no one is asking, no one is asking, not the government asking for anything. And in another exclusive interview, Indias Central Bank governor tells cnbc multipolicies are driving marketability. One of the biggest concerns, the World Economy is not picking up. Chinese world has slowed down. Weve japan not pick up. Weve seen europe in a very bad way. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Well, what on earth is going none markets . A lot of red behind me. Volatility has spiked this week and equities have done, too, in both directions. Today down, 0. 75 . The stocks down 5 . Whats driving this, a big, big selloff and that has fed into european markets once again today. It seems this is being led bust ji german negative data and what people think that means for the jury row zone as a whole and Global Growth. The u. S. Was unable to shrug is off. And out. 5 . Germany down 0. 7 . Lets look the abonds, wev
Coming up, big ackman losing the bid of allergen and over 2 billion on the deal. Thats why the ceo said hes still suing for the back room tactics and valiant hear what was said and if theres moves to close that loophole to engineer a scenario in the first place where he won no matter the outcome. Fascinating story. I mean, just outwitted everybody on that one. Was it ethical . Elon musk warned here that robots may turn on humans. He said it with a straight face. Now, he says it could happen this decade. And by my calculation we have about five years left in this decade. Well tell you why elon is moving up the timetable and look at how real the threat of robots to hubls really is. Yeah. The story yeah. Strange times. Okay. Look, the dow up 16. S p up 2. The nasdaq is a little bit negative and fascinating about the period as they say never short a dull market or what have you, were climbing to newer and newer highs all the while actual volatility in the market at multiyear, sometimes mul
On Hillary Clintons president ial campaign. First, lets get right to the top stories were following on this friday. U. S. Stocks retreated the most in three weeks as American Express shares tumbled to their lowest level since 2013. Data single stronger inflation and china tightened trading rules. The stick a quick check of the boards this afternoon, the s p 500 is down one point one a third percent. The Dow Jones Industrial tumbling down one. 75 at 17,073. The nasdaq composite index is down 1. 7 at 4922. A quick check of crude oil, half hour the close of trading in new york, crude is down 1. 75 at 5573. Inflation in the u. S. May be picking up. The core costofliving rose. 2 in march for the third month in a row. That reflects broadbased increases in rent, medical care and used cars. On a yearoveryear basis, excluding food and energy costs, prices rose 120 . Americans are growing more confident about the economy. The university of Michigan Consumer Confidence Survey rose this month to t
Stephanie is going to be here a little bit later. We are going to begin this hour with breaking economic news. Two pieces of key data coming out with economic and decatur street and the university of Michigan Consumer confidence. University of Michigan Consumer confidence. It comes in and the secondhighest since 2007 easily beating estimates of 95. 9. The forecast was for monday for 94. A big jump in expectations going higher. People think the economy is getting better. Heres what is really going to concern the fed. Inflation expectations dropped significantly. The oneyear inflation picture was dead. 2. 6 were both at about 3 prior. The fed has put a lot more weight on the survey and the caterers than they are putting on market indicators like tips. If investors think they will have inflation, thats a problem. They think that is working the way into peoples psyches. The leading indicators common disappointing at two dents of a percent. 2 10 of a percent. The leading indicators is a num
Gary k, the fiscal cliff is the grinch . Unfortunately, it is, its the most important time of the year, and the profits are mad and the problem is simple. Uncertainty, uncertainty, uncertainty. Nobody knows where they are and nobody knows how much money thr theyre going to have to spend and the outcome is worse. Higher taxes and less money in the economy and less money to buy. Retail no good. But, susan, actually the National Retail federation is saying we should see increase in holiday sales like 4 . Thats right, brenda andnd im still staying optimistic, two really important numbers at that came out this week, the university of Michigan Consumer Confidence Survey shows that its at the highest level since july of 2007 and additionally, the expectations for the next six months are also at the the highest level in five years, despite the uncertainty, consumers are feeling pretty good and the word out of washington today, is a lot of trying to work together. Well, gary b, actually, i mn,