Stockpiling, as well. The tenyear did pick up the 287 off just a touch now. The ecb hold rates steady. Our road map this morning, the market, strong gdp claims data putting pressures ahead and sparking more concerns about potential fed tapering. Apple is in the news for reports ooh a deal to china mobile and carl icahn is revising his call for a Share Buyback. Well look at the winners and losers in retail. Wow. First up, though, the tenyear notarizing on better than expected economic data, revised Third Quarter gdp up 3. 6 while weekly jobless claims fell below 300k. This all happened on the 17th anniversary of Alan Greenspans irrational exuberance speech in 1996. How do we know when irrational exuberance has unduly escalated asset values which then become subject to unexpected and prolonged contractions as they have in japan over the past decade. That leads us to a good question, jim. Last night, you all you did was talk about the data getting stronger which takes away the bubble argu
Affecting our business. Europe is, i think, fully bottomed out. Easing from chinas central bank, the pboc saying it will cut the requirement for rural areas on friday in order to bolster the agricultural sector. He was described as the chosen one. Manchester united have sacked their manager, david moise. Youre watching worldwide exchange, bringing you Business News from around the globe. Hi, everybody, welcome. Yes, youre watching worldwide exchange, after a long easter weekend for many of you, now back at work in full in europe, coming on to speed after we saw a thinner trade in the u. S. Compared to whats normal given the european holiday yesterday and the stock is higher, just shy of 1 . Were still early days, right . Our main european markets looking like this. The ftse a big higher, the xetra dax shy and the ftse is a couple of points lower. Its been about m a, its also about worries and ukraine and whats taking place there. Back to whats going on in m a, astrazeneca shares soarin
We have been pushing against that ceiling this week. Currencies, yesterday it was the ecb decision that got things moving. The euro is slightly higher at 1. 362. Thats because the euro was so much weaker ahead of the news yesterday. Lets get over to andrew. He has some top corporate head liens for you. Good morning, andrew. Thank you, becky. I dont call these corporate headlines. Its like wall street fine headlines. Bank of america this morning reportedly now in talks to settle mortgage probes. The wall street journal reporting that the bank giant could pay more than are you ready for this, joe . 12 billion with a b. They did robo signing on people that were two years in arrears. To settle with the Justice Department in several states. The probes involve the handling of mortgages before the financial crisis. 5 billion of that number amounts to what is expected to go towards helping home owners in reducing principle amounts and monthly payments. Bank of america and the doj are not comme
Other loans, and we are going to talk about why it matters to you and what you should do now in a rising rate environment. And we are also approaching the anniversary of the financial crisis. Ify yeaand simon hobbs joins me here at the nyse. Early stock market gains on the backs of the employment report turned to a tripledigit loss earlier this morning. Since then weve been climbing our way back. Mary thompson has been watching all the action. Tough day. More sensitive to the downside than the upside at the moment. Thats right. Were holding on to a 22point gain which would be the dows fourth gain in a row if it holds right here as you take a look at the markets. A wild day, the dow in a 200point range dropping on comments by putin and recovering. Here are some of the groups were keeping a watch on today. Because the yield on the tenyear has come off the 3 and it touched overnight and because, of course, that weak jobs report were seeing strengths in the rate sensitive sectors, utilitie
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