Economic outlook grow. The two biggest drivers, strength in germany and france. Things are up slightly this morning in european trading. But there has been some interesting calls on this. And well talk more about what jim cramer had to say about europe a little bit later in the show too. An update from our colleagues in london in a few minutes. Jimmy saying europe is back. And thats a big story for u. S. Stocks. Corporate news, the former jpmorgan trader known as the london whale and regulators reached an agreement to avoid criminal prosecution. But two are expected to be charged as soon as today. The s. E. C. Is said to be in settlement talks with jpmorgan over disclosures of the trading losses. Number of activist investors in the news today. Lets start with carl icahn. Hes taking a large position in apple and says the stock could be worth as much as 700 a share. If ceo tim cook pushed for a larger stock buyback. In the tweet yesterday, icahn announced he has spoken to the apple boss,
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down from four straight sessions and now drops from the conviction buy list. tim cook apologizing to the chinese for what critics are calling poor customer service. michael dell tries to get employees fired up about his proposed takeover of his namesake computermaker. insurance stocks getting a boost after the government says it will increase medicare payments instead of cutting them. is there more room on the upside? and the big banks launch a round of downgrades aimed at each other. goldman and morgan among those in the crosshairs. goldman removing the tech giant from the conviction buy though it does maintain the buy rating. they were at 6.60. apple s most recent product cycle has not driven market growth as they thought and they issued an apology to chinese consumers vowing to improve customer service in the wake of criticism from chinese media. in the letter posted on apple s chinese website tim cook said, quote, we are aware that lack of communications led to the