markets this morning. the german diamondbacks doax do percentage points. we are half an hour into the press conference. mario draghi says the euro irreversible and that government should be ready to activate the esff. we ll have the latest. knight capital shares continue their free-fall this morning, the company saying the erroneous trade positions resulted in a loss and that its capital base has been severely impacted. retailers on the move this morning, costco beating estimates. steve liesman has the latest on the news conference. steve. melissa, thanks very much. there s some interesting contradiction in what i m hearing draghi say. on the one hand he began strongly saying they ll do whatever it takes, the euro is irreversible, and then he starts to lay out a essentially a plan that says in the next few weeks we ll announce a plan effectively to buy bonds. he later says it will be a plan to buy bonds on the shorter end, different from the sfp. a couple questions that are
powerful eearthquake, a tsunami warning is in effect for most of the entire endian ocean, there are now reports of major avenue shocks as well. certainly it s for certain regions, but we re still so order on edge and given what we saw in 2004, everybody s a little bit worried. we had a big quake, a couple of other smaller ones after that, obviously let s hope there s no tsunami anywhere near this. maybe not still for parts of indonesia which has about 2,000 islands. what have you got to watch. if you take a look at where china gets its wall, let s say commodity for but those recent rumblings from indonesia, it s not fair. and you take all our i ll not only did you have some head winds because the viennesian government supported china, now we have to find out whether certainly there is relief at the sometime warning was in terms of the supply chain on the automotive sector, perhaps, the real important thing is watching the human toll, as you said brian, is not
morning. mobile ad company. here at the new york stock exchange. we ll be speaking with the ceo. best buy shares on the rise, at least they were on some better than expected earnings. hopes that its cost-cutting plan can reverse the bleeding at the electronic retailer. they re sitting at a three-week low. spain posting before its austerity. we re also watching very carefully yields in europe as well. one can dream at least. the mega million jackpot has now reached and estimated half a billion dollars and it is not too late to buy a ticket. in fact, a lot of people are doing just that. the drawing tomorrow at 11:00 p.m. eastern. your odds, 1 in 176 million. i ll take it. it s better than nothing. for half a billion, do you know what you can do with that, jim? people are all talking about it. it is rather remarkable. the excitement for this is so much. when you look at the volume in the new york stock exchange. it s like clearly they would rather play the mega milli