Seemingly more stable usa. But on greece markets now well off their lows. Mary thompson what are people saying down there . While we are off the lows as you pointed out, dont get too excited and think that were past the worst of it we are not. The dow was down 166 points at the worse www. Point. Right now were down about 30. Vix which popped up 10 at the open is now only fractionally higher after pulling back. This that is a fear index we watch here at the new york stock exchange. The story remains the same. We are seeing a bid in gold a bid in the dollar and were seeing a bid in bonds today. Again, the concerns about greece continue to be at the forefront of traders minds but again they are waiting to see what happens tomorrow and throughout the rest of the week. China is also a concern and weighing on the markets. You can see that reflected in some of the weakness we are seeing in the Energy Sector down on concerns about a couple of things. Of course we had a higher rig count here in
To the upside while germany slows fractionally. Global stability. Chinese president urges stronger cooperation with the United States as he looks to reassure Senior Business leaders amid concerns over reform and Cyber Security. Total slashes spending by 3 billion as lower crude prices take their toll. The firm also faces allegations of natural gas price fixing. Good wednesday morning, im susan li. Also coming up on the program, shareholders are backing brian moynihan. Find out how bank of americas chief held on to both of his titles. And a victory for Hillary Clinton. A pharma firm says it will drop prices but by how much . And we find out how social media giants are waging the battle for users. We have the composite at 53. 9. Manufacturing was 52. 0. That was just in line and services 54. 0 just below the expectation of 54. 2. So that follows german data that was mixed just below expectations and french that was just above expectations. The euro is flat on the day. Its been up and dow
Deal as shares boosted by Restructuring Plan. Were going to be speaking to the ceo of carlsberg first on cnbc about the challenges its still facing in russia and china. The bank of england governor tells bankers were ending the age of irresponsibility. This ahead of mario draghi that could signal further easing. Okay we knew it was going to be big and its proven to be the case. A 10 billion day for chinas singles day. You see the heart here. November 11, it was a shopping frenzy soaring past last years record with alibaba raking in a whole lot of dough and they took in half that amount of last years take in just 19 minutes on the day. Eunice filed this report on the antivalentine event. Singles day got off on a solid start and the numbers are impressive. The Chinese Post Office expects 760 million packages to be shipped today. Alibaba alone already exceeded the online sales around the u. S. Thanksgiving day holiday. Black friday as well as cyber monday. Singles day san antivalentines d
Morning. But those are pretty incredible images. Among our top business headlines were watching oil prices this morning. Crude down sharply after yesterdays gains of nearly 3 . We havent quite wiped out that gain but its still going to be driving the market today. Crude down about 2. 5 . Brent down close to 2 . Brent is slightly higher than crude but weve seen those levels reversing themselves. The move came after an unexpected rise in inventories reported by the American Petroleum institute. Well get the weekly report on inventories later this morning. As you know by now that can be market moving and city Energy Analyst telling cnbc that prices face further down side risk in the first half of 2016. That call based on expectations that opec will continue to try to pump the competition out of business. And thats what opec has been trying to do all along. The bidding war for pep boys appears to be over. Bridgestone saying it will not counter mondays offer from carl icahn. Offering to buy
President obama justifies actions saying time is up in mosul. Today, with our support, iraqi and Kurdish Forces took a major step forward by recapturing the largest dam in iraq near the city of mosul. And authorities in missouri say police came under heavy gunfire overnight as a peaceful demonstration against the shooting of a black teenager turns violent. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. So a very good morning, everybody. Lets talk a little bit about this bhp billiton story. Unlocking value, but for who . Bhp billiton shares as the mining giant announces it will spin off 14 billion worth of assets into a new company to be listed in australia. It comes as bhp posts full year underlying net profits of 13. 5 billion. Thats up 10 on the year. Well, lets catch up now with john wilson. Well speak to him as he comes good. But meanwhile, i want to fill you in on the mollermaersk story. After the shipper delivers a 1 is billion buyb