entire villages were washed away. at least 900 were killed and hundreds more missing. the iraqi government issued an arrest warrant for the vice president there. some of his bodyguards confessed to carrying out bombing attacks under his orders. those other top stories on cnn. world business today starts right now. hello. welcome to world business today. i m charles hodson in london. and i m pauline chu in hong kong. the top stories. a time of transition as people pay respects in north korea. the world waits to see what shape succession will take. the struggle to save europe s single currency continues as an emergency cash drive falls short. if you ve still got last minute presents to buy, we ve got the gift guide for you. in north korea, it s a time of deep mourning. in the rest of the world, it s a time of deep unease. one of the world s most cyclic nations, one with nuclear capabilities is undergoing only the secondhandover the power in 60 years. the future
stocks. i want you to consider these bits of anecdotal evidence just to be sure that you understand where i m coming from. we got an extremely negative piece in the journal. it was actually really good, i have to admit. but it was negative. about verizon s ability to pay its dividend. so how did verizon do? well, verizon s a stock that does well in slow times. it rallied. eli lilly announced disappointing earnings and an estimate cut. people think the stock s going to be down a couple of smackers. what did it do? it rallied. the new york times reported recently on what a beating the health maintenance organizations took new york when they had to provide coverage to people with pre-existing conditions. how did the hmos do today? how did the hmos do? they rallied. how can this be happening? because when the rotation into the wrong stocks hits, it takes up the most consistent operations, operations like walmart, which has been a total bow wow throughout this rally, because i
went up today that moved the averages, they were slowdown stocks. i want you to consider these bits of anecdotal evidence just to be sure that you understand where i m coming from. we got an extremely negative piece in the journal. it was actually really good, i have to admit. but it was negative. about verizon s ability to pay its dividend. so how did verizon do? well, verizon s a stock that does well in slow times. it rallied. eli lilly announced disappointing earnings and an estimate cut. people think the stock s going to be down a couple of smackers. what did it do? it rallied. the new york times reported recently on what a beating the health maintenance organizations took new york when they had to provide coverage to people with pre-existing conditions. how did the hmos do today? how did the hmos do? they rallied. how can this be happening? because when the rotation into the wrong stocks hits, it takes up the most consistent operations, operations like walmart, which
572. here in europe, european markets are trading higher now. higher by 0.5% or so. the smi relatively flat like we saw yet. the ftse playing catchup today, as well, as we were off for trade yesterday in the uk. we re seeing a little bit of activity coming through especially in the basic resources and especially in some of the big sector companies in technology when it comes to mainland europe. let s check in on the u.s., as well. good morning, brian. hey, when boxing day falls on a weekend, you have to have that day off for everybody. let s take a look at the stock foorchs here at this hour. the gains have been incremental. nothing shocking to the system. but gains are gains. the cliche is you can still go broke on light volume. we re up about 7 points in the dow against fair value. slightly higher, only about .5% in the nasdaq and the s&p 500 up by more than .25 points right now. 80s stands, we look pretty good and the futures have held up pretty well for the entire day.
hello. welcome to worldwide exchange. in the headlines today, here in asia, china says it will restrict fund-raising with struggling with overcapacity. in europe, banks lead the way. stock markets head higher on the last full day of pre-christmas trade. in the u.s., the consumer is in focus. what they re saving, how much they re spending and whether they re buying new homes. hello. good morning, good afternoon and good evening. wherever you are, this is worldwide exchange on cnbc. i m chloe cho in asia where it s just past 5:00 p.m. in singapore. let s check on where the asian markets are trading or have closed today. we have a lot of green arrows for a change, as you can see. the nikkei is out to celebrate the emperor s birthday. but the shanghai composite, the south korean composite, are all in the green. just after the markets closed in the greater china region, we re getting comments out from the pboc that china is going to restrict equities in sectors down by