Moments ago. I think you have sort of a false market, buoyed by zero Interest Rates and you have to be cognizant of it. Of course, covered a lot of ground. Talked valeant, apple, herbalife. But in general, nervous about very big, bad things happening in the global markets. Without a doubt. If you have a billion dollars and youre over a certain age, it seems like youre really focused on the risks. The environment doesnt feel comfortable to you. Negative Interest Rates are something you never thought youd have to contend with. And its not to say its correct or wrong, but its one of those things, everyone understands the unease. If youre somebody like carl icahn who has made his fortune putting money at risk when everybody else was panicking and it seemed like things were cheap, thats not really the environment you feel like were in right now. You had an interesting discussion about these gentlemen on twitter yesterday. In part, the conversation went, are they uncomfortable with a communi
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
Forecast for brent crude saying oversupply is likely to peak in whos doing it best. The Second Quarter of the next and candidly, new york really year. Those prices are looking at a was doing the best work in this near fiveyear low. And the worst case scenario, brent could fall as low as 43 space. Were in a good position from a in the next six months. Thats something to be watching. Budget point. Andrew, over to you. Thank you, becky. On a cash basis. Good morning. We have Corporate News this morning as well. Here are the stocks to watch. Reaching nearrecord levels. The first one out of the box is im comfortable well be able to merck reportedly in talks to buy absorb and pay for the costs. Cubist pharmaceuticals to make and im also confident that the antibiotics and they will pay entrepreneurs coming with roughly 7 billion. Foreignborn citizens and thats more than 34 premium. Immigrants will more than contribute their fair share to also in other drug news, bristol atlantas economy and m
Apparently there are not enough people there to buy their products. Others having second thoughts about making Big Investments over in the worlds most populous country. First to sue at the new york stock exchange. We will start with the raging california wildfires. Just a few miles east of los angeles. Governor brown has just declared a drought state of emergency. More on that in just a moment. Some 1800 acres have been scorched, more than 1,000 firefighters are on the scene, and governor jerry brown is expected to speak any moment now. Heres the weather channels julie martin. Reporter the good news is the colby fire did not spread overnight. Firefighters worked around the clock to contain the fire and put out hot spots. It still stands at 1700 acres, about the size of two central parks, and as far as containment, about 30 . However, the Incident Commander on the scene tells me he does expect containment numbers to come up today, though it will still be a few days before full containme
Tenyear eeled reacting to a ppi number that did run a bit hot, first rise in a few months and europe in the green at least for now. Our roadmap begins with a cnbc exclusive. With both apple and china mobile ceos, apple shares rising in early trade on the tech giants new deal with china mobile. Bank of america reporting betterthanexpected Fourth Quarter results. And as new ceo mary barr takes the helm, gm expecting pretax profits to rise modestly this year but margins remain flat until 2015 on the back of news that the automaker will pay its first Quarterly Dividend in almost six years. And elon musk taking on the government for the proper term for teslas fixes. First up, though, apple shares rising in the premarket on optimism surrounding the companys deal on china mobile. Tim cook saying it will help bolster sales in the Biggest Smartphone market and china mobiles chairman said the agreement will entail various cooperative ventures and will not be limited to iphones. Cnbc spoke exclus