8 . S p futures are down by 5 points below fair value. Dow futures are down 36. The nasdaq off by 7. Also take a look at what is happening in the early trading in europe right now. Red arrows there as well but these are a modest decline at this point. The cac is down by. 25 and that is the biggest decliner among the latest averages there. Overnight in asia, the nikkei dropping by more than 3 . Looks like shanghai and hang seng were down 1. 4 . Some of the reasons for japans biggest decline, the major exporters there suspending production after two earthquakes on kyus huru killing at least 4 people and rescue efforts are still underway. 246 people were killed and more than 2500 injured after an earthquake rocked Ecuadors Pacific coast on saturday. Hundreds of buildings were destroyed. Officials say there have been more than 160 aftershocks just since saturday night. In other global news, the lower house of Brazils Congress voting last night to impeach the countrys president , dilma rous
Leading equity targets in europe after a rally in asia. Were going whale watching today. He is raising his stake in netflix while David Einhorn sbieg up more apple. Walmart sets the barlow after the largest retail is warning on investment in ecommerce and wages last month. All right. Lets get straight to some data. Im taking a look at the Investor Confidence index out of germany in the month of november. This is beating a reuters poll looking for 6 points. The current index, 54. 4 points is below expectations but the outlook comments are interesting because theyre looking at an Economic Outlook brightening toward the year end and 18 of the answers factored into that Economic Survey have been taken after the paris attacks and they see no economic pessimism on the basis of the terror attacks in paris. Again its just 18 of those surveyed were after the paris attacks but it seems as though were looking at a brightening toward the end of the year. Lets get the latest on whats happening with
President obama justifies actions saying time is up in mosul. Today, with our support, iraqi and Kurdish Forces took a major step forward by recapturing the largest dam in iraq near the city of mosul. And authorities in missouri say police came under heavy gunfire overnight as a peaceful demonstration against the shooting of a black teenager turns violent. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. So a very good morning, everybody. Lets talk a little bit about this bhp billiton story. Unlocking value, but for who . Bhp billiton shares as the mining giant announces it will spin off 14 billion worth of assets into a new company to be listed in australia. It comes as bhp posts full year underlying net profits of 13. 5 billion. Thats up 10 on the year. Well, lets catch up now with john wilson. Well speak to him as he comes good. But meanwhile, i want to fill you in on the mollermaersk story. After the shipper delivers a 1 is billion buyb
And margin calls are triggered over secession plans in the country. And japans Prime Minister hailed this weekends vote as an indication for economics. And paris taxi drivers stage a citywide protest against uber. Youre watching worldwide exchange, bringing you Business News from around the globe. Lets get straight to our top story this morning. The ongoing hostage situation unfolding in sydney. These pictures recorded earlier show armed officers outside a cafe in the Business District. A lone gunman is holding an undisclosed number of people but local media says about a dozen hostages are held captive. Within the last few hours, the number of people seen running out of the building. Earlier the hostages were also seen holding a flag against the shop window. Tony abbott said the governments allegations are known but well see if this is politically driven. This is a very disturbing incident. And i can understand the concerns and anxieties of the australian people at a time like this. Ou
5 00 oclock on this morning. But before we get to traffic and weather wed like to remind yucatane dragons are doing fantastic and wed like to help us cheer them on at Little League world series. Tweet us using hash tag fox 29 dragons and, of course, stay with us all morning long for live updates on the the team. In fact, were already getting well wishes on twit they are morning from our viewers. Thank you so much. This is from mark. He says, is it safe to say taney is setting a Little League world series viewing record in philadelphia . I am so proud of these kids. And then he added im so excite forward this team i cant wait for wednesdays night. Well, we cannot either, mark. Keep the tweets coming use the the hash tag fox 29, taney dragons. They have got a very tough team, coming up on wednesday from las vegas, sue, so they will need all of the well wishes that they can get. Not that theyre not awesome but it is a lot of pressure for 12 and 13 years old. Isnt it . To be in the Nationa