Resorts. Should investors roll the dice it is our call of the day. The Investment Committee is ready to go. Halftime report starts right now. Welcome, good to have you with us on this tuesday. Our Investment Committee here today, joe terranova, stephly link lets begin with this recordsetting market. The big downgrade for apple after the epic run, shares up 90 last year. Keeps hitting new record highs as do the averages, dow and s p at new highs today about this downgrade on a number of levels, apple specifically is there a message within that for other stocks that have had meese meteoric rises start with apple cramer said if you are not in the stock, dont buy it. Wait to see if earnings live up to what the stock has done. Makes sense i did something that was not disciplined. I bought calls yesterday on apple on the way up side the reason that triggered me was there was monsterous call buying when it was trading in the 290s there was massive when i say massive we dont see that kind of p
Firm has no intention of tlashing outtlash thrashing out a takeover deal. Theres nothing to negotiation. Unilever too sales rebound despite emerging markets. The ceo is planning on another year of growth. Overall results 2. 9 underlying growth. This is the 7th year in a row that we have top and bottom line growth. Strong internals as well. And welcome everyone to the show. A number of earnings out of switzerland to cover. First, Credit Suisse beat expectations in the Second Quarter with profit of over 1 billion swiss francs. Earnings continue to suggest weakness in the Investment Bank. Lets get more with carolyn froms urich. As you said numbers were better than expected but the credit doesnt go out to him. Hes only been on the job for a couple of weeks. Yes he might have been very well prepared for that job but were talking about the Second Quarter here and that credit obviously still goes out to the outgoing ceo and im a little surprised to see that the Second Quarter shaped up better
Shows factory activity contracted in december. Indonesian rescuers believe theyve found the missing airasia jet after detecting a large object under the java sea. This as the first victims bodies are recovered. Well, welcome to the show. Lets update you on markets. Most markets closing at mid day in europe. Were going to end on lower gains. The euro stoxx 50 up 0. 234 . Yesterday was a risk off day with the stoxx 600 as a whole declining. Today, a little bit of gains. The ftse 100 up 0. 2 . France off 0. 5 and italy in the green. Germany is closed, as i mentioned earlier. Bonds have been of interest this week. Bonds buying following that greek vote earlier in the week leading to a bit of risk off sentiment. That included the u. S. , which started the week around 2. 25 is going to end the weekend and the yooir year just below the 2. 2 handle. The uk french yield at 0. 82 . Of interest yesterday, not only the german bond yield touching 0. 0 55 , a record low, but the italian and spanish
Sanctions against moscow despite reported push back from the greek government. Russias finance minister says cnbc his country could consider giving Financial Aid. You cant ignore some of the countries that raised this issue. Prices for the euro zone due in the next hour. European markets on the flat line ahead of that data. Flying west and snapping up a 10 stake of iag as they look to strengthen commercial ties. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Welcome to the show. Breaking news from italy, some long awaited positive news. Inflation has fallen. December jobless to 12. 9 . Thats the lowest since august. Novembers reading was 13. 4 . 0. 5 for the month of december has come to 12. 9 . Lets look at the youth number. Italys december youth Unemployment Rate falling to 42 . So not as big of a drop as some were expethctexpecting. Youth unemployment which has been a big concern for italy and one of the reasons for implementing the labor market
And some data just came out on german business climate. The ifo german bit climate coming in at the estimate 104. 5. The number coming in at 105. 5. Slightly higher than what we saw in november and in line with estimates. The German Ifo Business sentiment came in at 105. 5. Why do we care about this . Germany, of course, is europes largest economy. Given its high exposure to russia, German Economy has been showing signs of weakness over the past couple of months. The recent zew survey did come in higher than expected indicating a improvement in Business Sentiment. Were looking at the euro slightly higher trading at 1. 2332. Lets bring in simon, who is joining us now to get your reaction to this german ifo number. Does this surprise you . We see this, the zew and the pmi data lately. I think mainly the main surprise is that theyre shrugging off the surprise coming out of europe. The most open economy, 35 export to gdp ratio. Thats a little bit of a surprise. And is this one reason, give