Turning to political strife in the ukraine. Cyber reports driven by mobile and holiday data continues to trickle in. An upgrade in acquisition and reports in china mobile all amounting to a rise in apple shares. And shipments expected to fall by double digits this year, the most severe contraction on record. And some food for thought as news from yum brands and krispy disappoint. Comscore says shoppers have already spent about 20 billion online this year, up 3 . Ibm also saying some pretty eye popping figures saying both mobile traffic and mobile sales came in at more than 40 higher from a year ago. The data just continues to add up regarding the strn of mobien mobile, jim. I reiterate this is an apple Holiday Season. Dont want to get too focused on apple. Thats the metaphor. Seems like people want to buy phones and buy tablets. The pc numbers are dreadful. On the Hewlett Packard Conference Call, they know they got to ramp up tablet. They know it but theyre more focused on the commerci
Investigation into sanction violations. This has got to be one of the worst months for rbs in many years. Has stepped down, customers losing access to their accounts. Just two weeks, that has all happened. Stunning details and the story. I will give you more in 20 minutes. Tank you so much. Tara line, youre watching peugeot. We could see it down as much as 10 . 1. 1 billion euros as the chart they are getting. Foreign exchange weakness in brazil and latin america, russia , but also the cooperation with General Motors is not meeting the savings they are expected. If they are the wearing their estimates, down goes the stock. Well keep an eye on peugeot and rbs. We have macro news. Mario draghi is about to speak at parliament. We are pretty sure he will reaffirm what he said in rome. We are doing our bit, get on with it. Deutsche bank says tapering is a 5050 possibility. Over three be percent. Asia closes at the lowest in two months. The first backtoback drop in the s p in almost two mont
Bargain. It is a ceasefire. It means budget peace for the next two years. They do not tackle the big ticket items. No they do not. Entitlements, not in there. Taxes, not in there. What is in there . Federal spending is set at a trillion dollars. That will be controversial with republicans. It replaces 63 billion in sequester cuts with other savings. Reduces the deficit by 20 billion or more. No major Big Decisions on taxes or entitlements. How do they replace the sequester . A grab bag. Aviation security fee, federal military pension increases in fees. Other savings there. The two people who made the deal, paul ryan and patty murray, they know this is not perfect, but they feel ready good about it. This bill reduces the deficit by 20 billion. Our deal puts jobs and Economic Growth first by rolling back sequestration. Providing for some sequester relief. We are paying for that with more permanent reforms on the autopilot side of the spending ledger in excess of the sequester relief. Tha
We are live from bloombergs headquarters here in london. We have another big interview to bring you with the u. K. Secretary of state for scotland. Support isask why starting to grow for Scottish Independence. That is according to the latest holing. U. S. Budget negotiators have unveiled a agreement to avoid a Government Shutdown. The house will consider the measures. Manus cranny is our markets editor and he has more on this story. Talk us through the details. An imperfect deal, but it is the spirit. They have raised the overall spending limit. They have reduced the deficit. They have done away with nearly 60 billion worth of automatic spending cuts. The military gets a little bit of protection. No tax hikes, that is the message on the republican side. There are revenue increases. Every time you get on a plane, if you are a federal employee, you will be paying more into your pension. Haveryan and patty murray a lot to sell to the house. News washer overnight the approval of the volcke
With this deal. Qwest that sounds disturbing. That sounds disturbing. It sounds interesting. It appears he is heading to the fed. The former bank of italys governor has except the job of vice federal chair reserve. Why is everyone excited about there is probably nobody more respected, nobody better known. He is not a household name but he sure is in this perfection. Profession. Nolan freeman and the whole game , he went back to m. I. T. And taught there. It is sort of the driving force behind economics today. He went on to be the number two person at the International Monetary fund. Finally finished as the Bank Governor in israel. He ran the bank during the Global Financial crisis. Has been his pupil. These are the superstars of economic. It is an impressive resume. Not be the chairman . He was a possibility for the job at the time. The president was handed in by the hold janet young and Larry Summers back and forth very he did not really get a chance to get in there. He was not americ