Out. Sell sell sell and they went to securities that gave you little or no return. Then they watched the big gains from the sidelines. I totally understand the aversion people have to stocks. Im not in denial about them. The huge downturn in 20002001 and cut in half, 20072009. Theres debacles like the flash crash or facebook ipo. Insider trading cases and obvious situations where a stock of yours went down and down and clear someone knew something and you didnt. I validate all these feelings right now, right here. But the fact is stocks remain the only game in town. Maybe one day when the economy gets strong enough, Interest Rates go back to more normal levels and we can own stocks as well as certificates of deposit or bonds, whatever might be attractive in what we call the fixed income markets. Money to work for us. Were like the avis ad. We have to work harder to make our money grow. Thats what tonights special show is about, how to make your money work harder in a responsible way. W
French and belgian authorities look for one of the terrorists behind that attack. A fighter jet plummeting to the ground. That happened this morning, and initially weighed heavily on the markets. The dow is up about eight points, nasdaq down about 15 points. The s p 500 basically flat, it is off 1. 1 points. One of the reasons why the dow is holding in positive territory is the impact from oil companies. Youve got wti currently up by 3 . Gold on the back of the weaker dollar is also moving higher. If we can bring up the board convince again, currently 2. 234 . We begin with the big meeting you saw just a moment ago. President Obama Holding a News Conference at the white house with the french president hollande. John harwood is live at the white house. What was the takeaways . Reporter reporter a couple key takeaways. One, they agreed there would be an increase and expansion of the scope of air strikes and intensificati intensification. Hour. President hollande said, like the United Sta
Across the beat. French advertising publicis buys safient in an allcash deal and shares trade lower in paris. And proctor and gamble is accused of tax fraud and production is halted. Youre watching Worldwide Exchange bringing you Business News from around the globe. Good morning, everyone. Lets get straight to data points. The eurozone manufacturing pmi for the month of october, that has expanded slightly slower than first thought last month with the number of 50. 6. E were expecting a number of 50. 3 so that is slightly better than forecast, but still lower than the flash number that we saw. Well get to some commentary from the market this morning. Again, the eurozone manufacturing is slightly slower than first thought. For the discounts out the factory gate failing to drive up new orders, this is according to market, a second month of price cutting alongside tend expansion in germany. And we got the individual numbers for france, germany, iti italy. In france it slow ed at the sharpe
At a division. Leaving its troubles behind, allianz sees a boost on the back of profits despite pimco. Profits take a hit on shares in china. The ceo says a dividend hike is still on the cards. George osborne says he is in brussels to get a better deal for britain, calling the 1. 7 billion tax deal unacceptable. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And welcome to the show and welcome back, seema. How has the week been in dublin . Its been spectacular. Its been a busy week for the markets. Stocks at an alltime high in the u. S. The ecb made me think yesterday and we have the u. S. Jobs. A very big show. Were going to kick off with some earnings numbers. Ally i cant answer yanz has rallied to the top of the German Market after boosting on the back of better than expected sales earnings. Its competing with rivals and will now pay off 50 of net profits as a dividend up from 40 ratio. Net profits rose in the Third Quarter, despite a
An indisputable fashion, annuls the austerity and indisputable disaster. At the same time, greece, at the same time still needs more financial aid. The web tech media down almost 3 in new york to a little more than 44 a barrel. Brent crude is trading below 40 a barrel. There is growing speculation of the oil got will persist. The new king is expected to maintain current production policies. Another sign that Chris Christie may run for president. He is creating a Political Action committee that will allow him to raise money needed to seek republican support across the country. He is expected to decide side to decide by the spring whether or not to run. And irish a line an error gyre line offering 1. 5 billion, and deal requiring the backing of aer lingus shareholders, ryanair. Two earlier officers two earlier offers were rejected. In the northeast, we in new york and northeast of new york, are bracing for what has been called a blizzard of historic proportions. The storm may be one of t