Point of its range. Are investors nervous they cant recreate the success of candy crush . President obama criticizes russia as merely a Regional Power. Leaders are in brussels for more talks with the eu. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Warm welcome to todays edition of worldwide exchange. If youre just joining us, welcome to the start of your Global Trading day. We had plenty of movement from the dow boosted by Consumer Confidence. House prices solid. Will it be new home sales down to fivemonth lows. But clearly affected by the weather. Yesterday, dow up 112 points. We are called higher again this morning by around about 33 points above fair value. The nasdaq at the moment, 2 higher yesterday, is currently trading around 9 points above fair value and the s p 500 at the moment is around 3. 5 points above fair value, as well, after being up some is. 4 yesterday. The ftse cnbc global 300 at the moment is up around 0. 25 and ju
Suspended in paris as reports suggest the french trainmaker is meeting today to discuss a potential bid from ge. Youre watching worldwide exchange, bringing you Business News from around the globe. A Rating Agency Standard Poors downgraded russias Credit Rating to one notch above junk, citing capital flight as the key reason for the move. This after secretary of state john kerry says moscow is not keeping its side of the geneva pact and warned of the potential consequences. Let me be clear, if russia continues in this direction, it will not just be a grave mistake, it will be an expensive mistake. Already the International Response to the choices made by russias leaders is taking its toll on russias economy. Prime minister medvedev alluded to the cost russia is already paying, even president putin has acknowledged it. As investors confidence dwindles, some 70 billion in capital has fled the russian Financial System in the First Quarter of 2014. More than all of last year. Significant r
On samsung are under pressure. And in an exclusive interview, saudi Family Member prince criticizes the u. S. In its dealings with syria. The president is engaged in so many internal issues in america. But i think on syria, definitely. He made mistake. Youre watching worldwide exchange, bringing you Business News from around the globe. We kick off the program with the latest labor market statistics out of germany. Germany sees trouble with the ilo. The employment number has risen in november. The number in work, 41,871. That is november 2013. The change versus the previous month, up 26,000. Unadjusted fully 2,229. Thats the latest bit of data. Just helps the euro firm up against the dollar on the session. If youve got any sort of comments, email us, worldwide cnbc. Com. The u. S. Has had some significant issues with doing the right thing in syria, at least in an exclusive interview with the saudi arabia former head of intelligence. Thats coming up at 10 30 cet. A third of greeks still
After a poor first half due to poor weather and a weak yen. Fingers crossed, everybody, that today will be the end when we have to the end of time when we can stop talking about taper. Set taper gossip giving away to cold, hard facts when the feds twoday meeting concludes. The fass dak being up at a 15year peak on tuesday, u. S. Treasuries up for the fifth day in a row and the nikkei up on an eightweek high. Investors appeared calm by the prospects of a modest scale back of stimulus. But what if recent data turns paper light into paper zero . Get a look at some of the estimates for more. Cnbc. Com. Right now for more we have our own inhouse expert here in london. Karen has all the details. These are the estimates to how much the fed will taper. We have got first up let me run you through the numbers. Warptants expect 14. 5 billion to be taken off the table, up absolutely from the Previous Survey which averaged just over 12 billion. The poll of Top Economists said reduction, which is ex
Manuel wins a confidence vote. And the fed wondering if the market will be rocked today again. Its releasing minutes from last months meeting. Youre watching worldwide exchange, bringing you Business News from around the globe. Well talk about toyota in just a second. Before that, we have news coming out from angela merkel, the german chancellor that is not clear that russias help to deescalate the ukraine situation will help ukraine to decide about its own future. And well keep our eyes on whats going on with the latest in ukraine. Meanwhile, another major car recall, this time from toyota. The japanese automaker is recalling 6. 4 million cars worldwide. It makes it one of the biggest recalls to date in the car industry. Toyota needs to fix faults in the steering column and seats. Though its unknown if this is a design or manufacturing issue. The recall came out just before the market closed in tokyo. And sent shares lower by more than 3 in that time. We are joined on the phone from t