Eastern time and mario draghi will hold a News Conference at 8 30 eastern time. The euro we saw 1. 5 yesterday. It bounced higher at 1162 and european stocks at least at this early hour they are relatively flat at this point the dow futures are up by 35 points. Nasdaq up by 3. The ecb is the talk of the down here in davos. Larry summers, and Goldman Sacks gary cowen all sitting on stage together. Expectations of a Bond Buying Program in europe already had an effect. She points to currency and where the euro is now countries around the world are already engaged in a currency war in an effort to boost growth. Press andrew is supposed to give a press conference later today about the sex scandal hes involved in. This is what people are really talking about here. We were 100 billion a month qe. At one point, yeah. Theyre doing 50 billion euros. That was money at one time. What was that . Probably 63 or something . Yeah among the biggest questions in europe right now is the fate of greece lo
Is going to move back up to the 60 to 80 range then certainly Second Generation ethenol will continue to move and i see investments coming into that area. A different story for s. A. P. After slashing its Profit Guidance for 2017 due to trouble with its cloud transition but the ceo tells cnbc that revenues are on a steady path. What i wanted to model for the investors is show them that the core is still going to grow. That cloud will grow even faster and the Business Model makes its full transition will you have more predictable revenues after 2017. Now our attention turns to Morgan Stanley. Earnings taking center stage in the u. S. After the Holiday Weekend with investors honing in on fixed income and the banks commodities business. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And to our top story, chinas Fourth Quarter gdp held at 7. 3 growth year over year. While the reading wasnt lined with Third Quarter growth missed the official target for
Fiveyear highs right now. Moving to the upside. Seems as if weve got like a 78point rally going on there on the dow. Moving towards the close. One more hour of trading. All right, everybody. Get on facebook and be sad. Ill see you tomorrow. Closing bell is next. She lip synched the thing . I had no idea. Far more humble pie, come on. Welcome to closing bell. Im Bill Griffith here at the new york stock exchange. Another winning day for stocks so far. They all lip synch. Im michelle carusocabrera. Following another big market move today. The dow and s p 500 on track to close at fresh fiveyear highs and we keep saying that day after day. The dow is within 400 points of an alltime high. Plus, maria is going to be bringing us some cant miss reports out of daffio, including her interview with jamie dimon, and hes all fired up about the heat that the Banking Industry is taking. His comments making waves all over the world. Maria with jamie dimon coming up. Also with us here at the new york st
Is it significant to this market . I think it is. It is very interesting the overall reaction to the market, the leading stock over the last couple years, apple, down significantly and the overall market is continuing to go higher. I think thats the interesting topic we should be looking at. Well talk again soon. Thank you. My pleasure. A few seconds left. More now on the second hour of the closing bell. Stocks rallying again. The dow less than 2 away from its all time high. Welcome back to the closing bell everybody and happy friday as well. Im mandy drury coming back to the table. Well also be hearing from maria in davos, switzerland. In the meantime lets look at how we finished the day that was here on the street with the dow up by 68 points, the nasdaq up, i think today about the best day in weeks up by about 19 points and the s p 500 finishing up above 1500 and a gain of 8 points. Wrap up this week in the markets. Back with us once again joe tennie from jp morgan funds. Mark travi
the headlines from around the globe, here in davos, jean claude trichet says we have challenges ahead with deficit. and here in asia, markets head for the biggest monthly drop in almost a year as techs and resources stocks weigh. and i m mike huckman in the united states. the economy likely grew at the fastest pace in four years in the fourth quarter, but experts say don t start celebrating just yet. hello and welcome to today s program. i m once again here at the annual meeting of the world economic forum in davos. maria will be joining us shortly, as well. we have a great guest list for you today. we ll be joined we the chief executive of bank of america, brian moynihan. we ll talk to christine lagarde, the french finance minister. we ll be joined by lord mannedelson, amongst a whole host of other guests. we ll be joined by the ceo of china mobile. but before all of that, there s plenty we need to bring you to. christine, over to you. hey, ross, good to see you in d