The nasdaq is nearing 4,000 and the s p has dropped past 1,800. Stocks slipped tuesday as traders took money off the table to pocket profits. Gold gained a couple dollars and oil shot up 3. Opec members meet in vienna today for their last session of the year. The big deal there is how members will handle civil issues in lybia, iraq and iran. Extyco ceo Dennis Kozlowski will be set free prison january 17th after spending 8 years behind bars for corporate fraud. And, some abercrombie and fitch shareholders are making a pitch for the retailer to consider a ceo change as the store loses popularity. Larry shover of sfg alternatives joins us now for a closer look at todays trading action. Good morning to you larry. Good morning. The market is now in a steep slide. How are traders reading that . Differently than they were before. I think it was prerogative for traders to think that were just gonna rally because every december we do that. But on the other hand, traders also are recognizing tha
From our studios in new york city, this is charlie rose. George osborne is here. He has britains chancellor of the exchequer. He and David Cameron are the architects of britains austerity policies. Austerity received much criticism at the drivein economic recovery and growth. Recently the economy has started to grow. Osborne says that his policies are the reason why. I am pleased to have him back at this table. Looking at how fast the economy , more thanis growing any other gseven country g country, why is that true . Take as much credit as you want to. Im not going to take credit myself. There was a lot of hard work by the british people. What are the ideas in play . You must live within your means as they country. Planve a solid economic that has been reducing the deficit. You also have to repay your banking system. So that i can lend and support the economy. We have made difficult changes to our banking system, but that has been worked through. Finally, you must have an environment
From our studios in new york city, this is charlie rose. George osborne is here. He has britains chancellor of the exchequer. He and David Cameron are the architects of britains austerity policies. Austerity received much criticism at the drivein economic recovery and growth. Recently the economy has started to grow. Osborne says that his policies are the reason why. I am pleased to have him back at this table. Looking at how fast the economy in britain is growing, more than any other g7 country, why is that true . Take as much credit as you want to. Im not going to take credit myself. There was a lot of hard work by the british people. What are the ideas in play . You must live within your means as they country. We have a solid economic plan that has been reducing the deficit. You also have to repay your banking system. So that i can lend and support the economy. We have made difficult changes to our banking system, but that has been worked through. Finally, you must have an environme
Risk. Its controllable. And the german legend Michael Schumacher remains in Critical Condition after suffering head injuries in a skiing accident in france. Doctors are due to give an update on his health in an hour. Announcer youre watching Worldwide Exchange. Hope you had a good christmas break. If youre joining us this morning or this evening in asia. Email us worldwide cnbc. Com. A second explosion in the russian city of volgograd killed 14 people. A male suicide bomber carried out the attack on a trolly bus. On sunday afternoon another suicide bomb killed another 16 penal at t people at the train station. Vladimir putin has vowed to tighten security across the country. Seven time World Champion Michael Schumacher is in Critical Condition after injuring his head in the swiss alps. He was in a coma and he underwent surgery. He was wearing a helmet when he hit his head on a rock. Doctors are due to give an update on his condition at 10 00 gmt. 2013 was another big year for world even
Something to do with the fact that the financial liberalization hadnt yet happened and that that had something to do with the stability of the it surely did. The fact that the stock market kind of went up 15 to 20 a year every year through the 50s even though Economic Performance was kind of lousy and getting worse had something to do with a growing sense the world what kind of reverse to decreases in the risk premiums but no doubt what you are describing is a portion of the story the extent to which one could go back to that in the modern world. I have a question in terms of a Lesson Learned from the last episode in the recession in the u. S. Some would say that a lot of policymakers and attention went to strengthening the Financial Center wall street and there was considerable success there and too little was done to prop up main street cleaning the mortgage voters were underwater and for various reasons that was it took sometimes propel the market to recover. So that explains the im