Untile markets closed friday, february 7, which means they wont be buying gold. Beanywhere you go there will a lot of Chinese Tourists because they have the entire week off. A year of the horse. Year of the doughnut . That is every day for you, tom. Not a year. Wow. Check. S get a data dunkin donuts, krispy kreme a straight data check. Belowr yield, breaking 2. 67 . A lot of them inflation dynamics in the debate over the weekend. The euro well under one point 36. The next screen showing emergingmarket stability. Ok, i will call it midpoint. Weaker. Is a and you can see the stability. Gain and gold, stable we scour the papers this morning. The super bowl. His the front page good the front page story, the only one i am looking at on bloomberg. Com is microsoft making its decision. At the board is expected to name Satya Nadella as the next ceo. He is an internal guy. He heads up enterprise and cloud at microsoft and has been with the company for more than two decades. The flipside to this
It is part of the brand and the revenue stream and it has fallen behind both in the hardware space and the streaming space. Brings applenics the headphones that everyone wears. On the music streaming site you have beats music that has garnered a lot of attention. I do not know how successful it has been on the business side because they have not released numbers. Right, so is it worth 3 billion . Complex many analysts would agree that it is not worth any analysts would agree that it is not worth that much. What is concerning is that youve never had apple acquire a brand, ever do big deals. Billion dollar deal for what essentially boils. Own to a brand that is cool it is not a new technology. It will not move the needle on the technology front. Apple has a lot of money. Overseas but the money is not accessible. Debt tos had to issue give shareholders value back. Yes, it is a blip on their overall cash balance, but if you look at their operations, it is not a small number, he even even f
Headline low. This is todays Worldwide Exchange. Im ross westgate. Here with your headlines from around the world. The dollar treasury yields continue to prove surprisingly hawkish among concerns of some about the bank qe program. That may add more to todays strange jobs report which led to spectacular hiring growth. Meanwhile, here in europe, composite pmi shows manufacturing in contraction territory. Well look ahead to uk services pmi in under half an hour. This after the hsbc in china shows a slowdown the lowest since august 2011. Warm welcome to you. 47. 8, services pmi. It marked a fivemonth high. That mean the composite number has picked up slightly. The final composite number confirmed at 47. 2, a little weaker than 47. 3 flash, 46. 5 in november. It is nevertheless the high since march. Perhaps some tentative signs emerging that the eurozone economy may have passed the worst of its downturn, although recovery still looks months away. The december Services Business expectations
Ive been harsh on california. The governor there, jerry brown, said the deficit disappearedment thanks to spending and taxing cuts. This predicts rosie predictions about Economic Growth in the future and how much will be saved by spending cuts. I say its a little early to celebrate. By the way, Governor Brown has some spending increases built into his budget. Look at this, 2. 7 billion extra for k through 12 education and 450 Million Dollars extra for school, Energy Efficiency projects. Steve malanga is here, the expert on state finances. Im saying that, yeah, ive been harsh on california in the past, the formerly golden state. I say youve got to look more deeply at this budget it aint as good as it looks and you say what . A couple of things, first of all, california has been essentially borrowing to increase its spending and they have about 23 billion dollars of debt that they have to pay back. It includes hold on, ive got to interrupt. They got 23 billion dollars. More debt than tha
The markets this monday morning shrunk. It is dismissed as october surprise one of the. The final debate is tonight. If romney keeps the momentum he is the next president. We have not forgotten the markets. A very small bounce for stocks, gold and oil just ahead. Varney and company is about to begin. Stuart caterpillar is one of the stocks used as an Economic Indicator. Makes construction equipment, sometimes reflects the state of the world economy. Caterpillars profits are up 50 strong sales and the u. S. The rest of the world weaker than expected, and changed the opening bell. Turn to the election. Two weeks from tomorrow look at the latest polls. They are tied at 47. Dead heat that this poll had president obama leading by 5, the go. His trend is towards romney. Look at this for momentum. The gallup poll has romney pulling to a seven point lead. The latest daily tracking poll, and adams sunday. Best case of the president is a tie. And the latest number, scott will be joined us with t