The beautiful business of beauty. The ceo who wants everyone to buy her cosmetics and she wont be going through the big retail chains. Welcome to Market Makers. My partner Erik Schatzker is on assignment in boston. We will be hearing from him a little later in the hour. Meantime, mario draghi says he has a few mores over bullets to fire. The ecb chief says he will keep buying assets for at least two more years as the euro zone stumbles back from the recession. Lets bring in Jonathan Ferro in london. What did you learn from the News Conference today . We learned when this new abs Asset Purchase Program would start. They will start buying bonds in the middle of this month. The Fourth Quarter of the bigig question was, you want to get your Balance Sheet up by one trillion euros. I dont think it is clear how he wants to plan to do that still. He deemphasized the target of doing that. If i could sum up the press conference in a line it would be , we have already decided a massive amount of
At the white house feels that the only way they can get a bill is to go along with this. Reasonuld be the only they would sign such a bill that would weaken a critical component of Financial System reform. The senate could pass the bill as soon as today or over the weekend. He price of oil keeps plunging oil closed below 60 per barrel yesterday, for the First Time Since july, 2009, when prices as 58. 80. Ow iaea says supply from nonopec producers will be bigger. Opec decided against reducing out what reducing output. The director of the cia aced the media cia faced the media to answer questions about the torture report. He said it is unknowable whether Harsh Interrogation Tactics produced results. The Previous Administration faced agonizing choices about how to pursue al qaeda and prevent additional terrorist attacks against our country, while facing our fears of other attacks and preventing other catastrophic loss of life. There were no easy answers. Was his first public appearance si
Departure. Soft bank looks to create some hollywood movie magic. The Japanese Firm is in talks to buy Dreamworks Animation for more than 3 billion. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. This is a live shot from the streets of hong kong. The hang seng market closed 2 lower after a week of protests on the streets of hong kong. Demonstrators are demanding full democracy from beijing. The Hong Kong Government says it has withdrawn riot police as protests calm down. Eunice is in beijing for us, what has been the reaction there to the protests so far . Reporter well, so far in beijing, mainly what people are seeing is a very controlled presentation by the government of what is happening on the ground in hong kong. Theres been heavy sensorship on the internet where we are seeing instagram blocked, also some of the social media apps, particularly like the messaging and wechat. We are seeing a lot of terms deleted that have any reference at all to
Before the bell, well be hearing from retailers walmart and kohls. And the bulls are hoping todays earnings and Economic News can give stocks another boost. The dow snapped its threeday winning streak. Out to the futures this morning, youll see at this point there are some strong moves in a positive direct. Dow futures are up about 60 points above fair value. The s p 500 up by eight points, the nasdaq up by almost 20 points. While we were sleeping, asia closed mixed. Take a look at what happened with the nikkei. It was up another 1 . A lot of speculation out there that the Prime Minister shinzo abe may have decided to call an early election. Also thoughts that they would be putting off the planned hike in sales tax. If they put that off, that would be another positive for the economy. Industrial production rose therein than expected last month. Shanghai was down 0. 3 . Retail sales falling slightly below estimates. If you take an early look at whats been happening in europe, some stron
The nasdaq lower by 15 and the s p 500 lower by 7. Andrew . Thank you, michelle. Hope you had a good weekend. Well tell you about the Corporate News as pimco is working to assure clients it has a solid team in place. Thats what they are telling everybody to manage their funds following the very public departure that surprised so many of us of founder bill gross that happened right here on the air on squawk friday. The bond giant has seen 10 billion in outflow since that news first broke. And the wall street journal now saying some are projecting withdrawals could hit 100 billion or more. The ripple effects from gross departure being felt far beyond pimcos doors. In Newport Beach they dropped upon the gross news. Also, meantime pimcos new ceo doug hodge says they are moving away from the founding. In an interview the total return fund run by gross does, in his words, decline pimco. Well tell you other Financial News this morning, Goldman Sachs tightening its interest rules on investment