Ship. And the spanish jobless rate falls in may. Its the fourth month of declines but 4 Million People are still unemployed. Inflation numbers are due in, which are key for the ecb. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello and a warm welcome to todays edition of Worldwide Exchange. Its the first or second trading day of the month of june. And as we start today, the u. S. President barack obama has arrived in warsaw. Poland is his first stop on a fourday tour of europe. Today hes taking part in a celebration to mark 25 years since poland emerged from the communist bloc. The white house has said u. S. Will hold up poland as an example in ukraine. He will also meet the new president of the ukraine. Now, while that is going on, the Gas Companies of ukraine and russia are considering a repayment plan for kievs outstanding bill. If signed, this deal would also guarantee europes supply until 2015. Meanwhile, fighting between Ukrainian Governme
Among the key market drivers, we have the fed. Policymakers will gather in washington at the start of a twoday meeting. A decision on rates is expected by tomorrow afternoon, but more important than rates, we have the question of what to do about taper. Will it be cut even further . There are a number of other economic reports to watch today. At 8 30 eastern time, we get december durable goods. Theyre expected to rise by 1. 6 . At 9 00 p. M. Eastern time, we have the s p caseshiller home index. An hour later, january Consumer Confidence and the richmond fed survey. In earnings central today, the beat continues. We have dupont, pfizer and ford. Those are among the names expected to post results before the open. Dupont just crossing the wires and well have those numbers in just a moment. This afternoon, well hear from at t, yahoo and amgen. Becky, great you have to back. We have Global Market news for you, which is really what may be driving all of this. China shares eeking out gains fin
Zurich insurance says it is looking into whether undue pressure was put on its late cfo before his death. Also confirming the presence of a suicide note that mentions joseph ackermann. Hello, welcome to the last Worldwide Exchange of the week. Plenty to get through, though, on todays program. Loreal jumped. Is the worlds biggest cosmeticmaker putting on the final touches to buy a stake of nestle. Hamburg is one of the worlds busiest ports. Well be in hamburg to discuss at 10 35 cet. David cameron says he wont override the British Parliament of syria, well speak to a former u. S. Ambassador of saudi arabia to get his take on the latest developments. Robert jordan at 10 30 cet. While politician disease bait military strikes on syria, won atack Push Oil Prices to record highs as prices are steady after midweek surge. More on than in an hour and a half. August comes to a close, well look at what kind of summer u. S. Markets had. Well be live at 11 45 cet. Thoughts or comments, email us, wo
Supporters in congress are pledging to cautiously back the president s pursuit of a new russianled diplomatic solution. But critics are slamming the speech for what they call a haphazard response. We fail to see its National Security interest in a war twren a leader who gases his own citizens. John harwood is going to join us with more in just a few minutes. We have joe watkins and Jimmy Williams. Theyll be joining us at 7 00 a. M. Eastern time. Then a number of perspectives from capitol hill. Senators Heidi Heitkamp and John Barrasso will join us at 7 40 eastern time and then senator bob corker will join us at 8 15. The canadian Ontario Government will be selling nearly a quarter of their Common Shares in gm for 1. 1 billion. For those who didnt raelsz, its part of a longer term plan to shed the stock they had acquired back in 2009 when they helped the u. S. Government bail out the automaker. You have to imagine theres going to be some pressure on that stock. This could be a good thin
Welcome to worldwide exchange. Im kelly evans. And im ross westgate. These are your headlines from around the world. Slowdown in germany wore worse than expected. Annual gdp came in at 4. 7 . Urging for actions, president obama and tim geithner say Congress Must raise the debt ceiling or cause irreparable damage to the u. S. Economy. And jump t to the top of the ftse 100 after Third Quarter revenue beat the forecast, burberry had earnings higher than expected. All right. Sorted out my mike issues. Worldwide exchange is slightly different today because were analyzing the first german gdp numbers. And i come to the u. S. Where its all annualized and we stick to the European Data and its quarter on quarter. Given the context, were still working through what all that means. Exports in november, down 94. 1 billion is where we essentially went. 98. 4 billion was the october numbers. So exports in november driving down. And that gdp number is worth pulling out. Exports for the year, up 4. 1 .