Good evening. I am tom griffith. Shelley i am shelley walcott. A driver lost control of his vehicle in the middle of the lunch hour rush. Somehow, no one was hurt. This could ve been really bad. Shelley the owner of the deli says he is stunned by what happened. I was making some sandwiches, and all of a sudden, there was a loud explosion. It seemed like a car came over the median and crashed into the building. Shelley it happened around 12 20 this afternoon during the lunch hour. Claremont police say a jeep sped through opera house square, the middle of downtown, struck another vehicle, and into a concrete post, sending it into the building. There was just a thick cloud of smoke. Shelley despite the flying concrete and glass, no one on this crowded street was hurt. We just had a lunch rush, and and it just happened at the right time. Shelley police say the driver of the jeep was 55yearold Patrick Taylor of new york. They arrested him for dwi and for resisting arrest. Business owners li
Cnbc his company is open for business. President obama uses his state of the Union Address to call on the middle class. Asking them to workers a fair shot. Corporate leaders in davos taking a critical view on his policies. Russia does not want a cold war. He responds to obama saying his country will not be isolated by the west. They tell cnbc it remains part of the global community. We are bringing world investors into russia and russia needs to be connected to the world and the world will be a safer, and better place if it is. Turkish central bank boys for the first time in months but some say the move doesnt go far enough. Cnbc speaks to the turkish finance minister coming up here on Worldwide Exchange. A warm welcome to Worldwide Exchange. We are live at the World Economic forum here in davos. The theme this year the new global context. For a change its broad enough to encompass all the issues that inflate the global environment. A lack of trust. Geo politics. The relationship with
For its biggest acquisition yet. Yahoo shares move higher after the board approves a 2 billion stock buy back. This as it prepares to spin off its stake in alibaba. What a weekend itsz beens been for markets. Yesterday we did see it strengthen against the euro. A lot of focus for yemen as well. A lot to digest. Thats been one factor but if we look over the last four weeks last week was the first week of gains for u. S. Equities. We thought that might be the turn around and this week once again very volatile and negative for u. S. Markets. It was one of the biggest underperformers this week. A lot of that having to do with bio tech. A little bit of a rebound yesterday. Lets take a look at premarket trade. The dow jones indicating a higher open up by 9 points. S p 500 down fractionally on the day. Well keep an eye on free market trade throughout the show. Take a look at european markets. A lot of focus has been on the currency market. We did see the euro gain ground over the last couple
Microsofts earnings and revenue topping expectations. Results were helped by shares of its offices and server sales. Were going to talk to an analyst who covers the company at k67 40 eastern time. Amazon reported results, as well. Sales grew by a better than expected 24 which investors say bodes well for results this season. We will talk to an amazon analyst in just a few minutes, as well. Lets take a look at todays calendar. The Commerce Department will release two reports. Durable goods for september. Coming up at 10 00, we can wholesale trade inventories and Consumer Sentiment is worth talking about. Andrew, good morning. Thank you, becky. We have corporate buzz this morning, including wa joe was talking about, including twitters ipo is now pegging the valuation of that company at a modest 11 billion. They want to he avoid a repeat of facebooks troubled debut. Maybe theyre pricing it on the low end. Twitter plans to sell 70 million between 17 and 20 apiece. The stock could begin tra
She will be with us live. Sue is out, but simon is in at the new york stock exchange, simon. Yes, weve lost 17,000 on the dow. Only six members are in positive territory. It is the credit card manufacturers, although the credit card players and indeed the insurers that are leading the freight down. Visa of course guidance, very poor, and thats a real problem for the Dow Jones Industrial average right now. I want to turn to crude, past 11 00, we saw spike in brent. Moving to the juch side, this is probably related to ukrainian issues. Mr. Van rump, the president of the European Council is backing the idea of additional sanctions against russia, but that is not been confirmed. They have not signed off on that, that is whats moving things. Also some reports that russia may be providing heavier weapon systems to separatists, thats floating out there as a concern. At any point, brent moving up the s p 500 on that news, a little after 11 00. As you can see moved to the downside. Since come o