A lot of Economic Data out this morning, jobless claims coming in better than expected. Core ppi in line with consensus. Retail sales light. As for the picture in europe, take a look there. Really following the cues of the u. S. Markets this morning. Our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. House Speaker John Boehner expected to talk on the cliff talks 11 a. M. Eastern time. Told you this week, of course, they were talking actively, now, Sprint Nextel offering to purchase the other half of clearwire it doesnt own. Surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. And google maps has found its way back into apples operating system. Of course, we have to start off with the markets. Dows fiveday winning streak has been snapped, despite the fed announcing a new round of stimulus. Chairman ber bernanke say worries about the fiscal cliff ar
Like diplomatic efforts to resolve the crisis in ukraine have come up short. During talks in london between us secretary of state john kerry and russias foreign minister sergei laptop. The two could not bridge their differences kerry was trying to put the brakes on a possible annexation of ukraines Crimean Peninsula residents are set to vote on sunday on whether to leave ukraine and become part of Russia Washington and europe say they will not recognize the outcome of that referendum and the threatened harsh sanctions. They talked for six hours. The scenery and barely any Common Ground that the match between us secretary of state john kerry and his russian counterpart sergei lavrov. We will do what we will respect the wishes of the crimean people as expressed in the referendum on mark sixteen fifteen. On the United States was when the man about its intention to reject the fact the United States position on the referendum i must say is clear as clear today. We believe the referendum is
Following the soma mine collapse, the countrys worst ever industrial disaster. Death toll now sitting at 282. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. A warm welcome to todays edition of Worldwide Exchange. We focus on the gdp numbers. Were getting the latest data out of italy. Were trying to bring that to you. Gdp contracting down 1 on the quarter. It was forecast to up up 0. 2 . The drop driven by the industry secretarier. The italy Service Sector growth flat in the First Quarter. The Agriculture Sector grew into q1. Nevertheless, the italian number disappointing. Its in contraction. First quarter gdp down 0. 1 . Thats taking euro dollar around sixweek lows. 1. 3675 is where we stand at the moment. It is worth pointing out on tuesday we got down to 1. 3685. We are a bit below that as well. Sixweek lows for euro dollar. This follows news around gdp elsewhere. Germany beat forecasts First Quarter growth in the period, it doubled the pace reco
Buffer zone next to gaza. Strapping a plan to extend his 27 year term in office in burkina. The shooting of a rabbi and the shooting of a suspect behind the attack, he was shot as he left a conference in jerusalem late wednesday. He had led a campaign for jews to be allowed to pray at the mosque, jerusalems most sensitive sight. The suspect, Israeli Forces raided his home just hours after the attack and shot him dead. His death sparked clashes in eat jerusalem amid fears which the new palestinian upraising. Israel that closed the mosque to all visitors, apparently due to a threat by right wing activist to say marsh on the compound. The palestinian president abbas said that was tantamount to a declaration of war. Palestinian leadership blamed israel for the spiraling tensions. We condemn and refers the Israeli Escalation in jerusalem over the holy shrines. We will take measures to hold israel responsible because the continuation of Israeli Aggression and dangerous escalation will cause
The plan european markets kick off poor on the back foot with stock falling and the dow at the lowest level since november of 2020 Credit Suisse is reported calling for reassurance fail to win over investors as shares plunge amid rising concerns over the Capital Position and restructuring program. Crude Prices Higher amid opec and allies will consider cutting output to put a floor under prices good morning welcome to street signs. We have a packed show for you today. Before we can talk about what is happening in the uk, i want to bring you the manufacturing pmi numbers we got moments ago of the numbers. This is the flashes estimate of 48. 5 versus 49. 6 for suggest the trend is on a downward spiral below the 50 line and we are in contraction territory. The cost of living crisis weighs on spending. I think we have been talking about that a lot the numbers confirmed at the lower level than back in august. You can see the reaction in euro is not very much today the theme has been one on D