Is not bad. We were expecting that much. Existing home sales have been a problem for the past year or so. We have not gotten what we want to see. We are seeing a much better than we expected number for the month. Singlefamily homes posted a fairly strong gain. The supply of the market dropped significantly, of course this is wintertime, 24. 1 months to 5. 1. Prices will continue to rise. Well over the 5 million mark. That is good news as well. This will set the stage for reasonable 2015 if we continue. Pending home sales have suggested we will. We start off with good news. Michael mckee in new york city with the latest on u. S. Economic data. More coming to you from switzerland. Plus, a special guest. Well be looking for that legacy of the late saudi King Abdullah. And his nephew. We will talk about the legacy of his uncle, and stephanie, answering questions about the future of saudi oil policy. Lets get your first to guests. He is the managing director and coowner of the boston celtic
Launches a new broadband service. Shares in henkle. The ukraine crisis is hurting europe but russias economy remains strong. The surrounding countries are reacting and russia remains strong. Europe is strong now. But germany is having the strongest growth since 2012. 6 billion and counting. Alibaba firmly on course for record breaking sales as consumers snap up online bargains. Cnbc speaks to founder jack ma later today. Display youre watching worldwide exchange, bringing you Business News from around the globe. Nouriel roubini says he doesnt think the fed will hike Interest Rates anytime soon. Factors in whether the u. S. Inflation and the rest of the world could lead officials to start hiking more slowly. It could be sometime in the middle of the year. Could be june, could be july. Even if inflation Employment Data the right level to start hiking, the fed would like to wait a little bit longer just to make sure that if they start hiking with the liftoff, theyre not going to abort it
Crude oil does figure very prominently into the movements of our market. As you can see, wti down again. Not a great deal but down again this morning. As for the tenyear note yield hovering around amazingly enough that 2 level. That is exactly where we find ourselves at weekend. The first full trading week of 2015. We are going to have more on the jobs report in a moment. Our road map starts with continuing terror in paris. Multiple hostage situations unfolding. We are going to bring you the latest details throughout the show. Here at home the december jobs report comes in above forecast. Well get the administrations reaction from labor secretary thomas perez. First on cnbc. Nelson peltz launches a proxy fight for four board seats. Jim and i both will have more on that impending battle. December jobs report shows nonfarm payrolls rose 252,000, above forecast that were around 240,000. Unemployment rate down to a 6 1 2 year low. It is now 5. 6 . Some of the decline reflected people leavi
And over 1 Million People are displaced as a powerful typhoon moves across the philippines suspending the bond markets as well as the currency market. Youre watching Worldwide Exchange bringing you Business News from around the globe. A very warm welcome to the show. Lots on the agenda. Well talk europe and china in a couple minutes, but the u. S. Dollar continue this is rally. In november and december, we think, are people looking backward or will they be looking forward at the structural elements for the stronger dollar. It seems like the latter. The strongest unemployment gain in 30 months is providing fuel to the u. S. Dollar. We were talking about it when we first started on Worldwide Exchange at a fourandahalf year high. Now close to an eightyear high. Definitely a resurgence. The question is how far can it run . Well discuss that throughout the show. But the ecb Council Member says he sees weakening in the eurozone economy and calling it a weak spot in the world economy. He cite
Opec. A secret candidate from nigeria refuses to admit she wants to be secretary general. I do not believe that countries actually lobby for that job. It is a consensus and consensus it will be. And uber extends an olive branch, offering to open up its platform to london black cabs now as they threaten to bring traffic chaos across major european cities. Youre watching worldwide exchange, brings you Business News from around the globe. Good morning, every. Hello. Welcome. Yes, youre watching worldwide exchange, very glad youre with us today. On todays show, weve got a packed two hours for you. His successor has not gone too far in the war against deflation. Find out what else the former ecb president told us in his exclusive interview. Well be showing you that today. We head out to tokyo to get the details of toyotas latest recall as they admit to potentially defective air bags. Find out what other carmakers could be up pacted by the same supplier. And questionable behavior is justifie