Vote. Reports suggest cyber monday in the u. S. , sales hit a new record, clipping 2 billion for the first time. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Welcome to todays program. Were just over an hour into the trading session here in europe. We are down once again. Decliners being outpaced by advancers by a ratio of around about 7 to the on the Dow Jones Stoxx 600. The if it is ft. Yesterday was down from 55 points. You can see at the moment, down 0. 3 . Take a look at where we stand on some of the individual sectors, as well. No sectors at the moment in positive territory. Basic resources once again. Its been a year of underperformance for the resource sector. Spot gold, bouncing off after hitting near those fivemonth lows at 1222. Copper is a little lower. The spread between west texas and brent now getting ever wider. There seems to be more u. S. Supply coming on board. The question is whether the weakness in the u. S.
Sachs. In startup news, apple has acquired topsy. The price was not disclosed, but the journal pegs that number at more than 200 million. Joe, this is particularly interesting because apple hasnt gotten into the social media stuff at this point. I have seen stuff lately about they analyze like we saw the walking dead the other day. We were just talking about this. In addition to reporting the nielsons, like half of the article i didnt really understand everything it was saying, but it talked about twitter trending things. It was the biggest yeah, hot and popular things people are discussing while theyre watching. So what is that, you look under the number yeah. On the lefthand side, when you log on, you can see topics trending and you can pick topics trending worldwide in the united states, in new york city, anywhere you want to look, you can see topics trending within that population. And the thing that it doesnt correlate necessarily to nielson ratings, but what it does tell you is w
Of the year. European earnings something of a dwrag. Heineken lost its fizz, saying the strength of the euro is going to hit its 2013 profit. Very good morning. We see euro dollar up at twoyear highs on the session. More on that to come. Also on todays show, shares in india slumping after Revenue Growth has lagged rivals despite a profit beat. Well tap into the companys cfo in a first on cnbc interview in around ten memberships. The ecb is preparing to unveil the good, the bad and the ugly from european banks. Well hear from one bank who says theyre the lending mark. And detroit has its day in court as a judge decides whether to give the green light to americas biggest municipal bankruptcy. What does it mean for bondholders and Public Employees with pengs at stake . Is. Boeing is flying high. Well discuss this issue, cargo Aerospace Giant gears up for its First Quarter figures the. On top of all of that, the latest ipad has been unveiled for the latest Holiday Season. Well speak to pc
Year. That was higher than last year. There was a spike in shortterm money rates that weighed on sentiment today. Chinas central bank refused to injex cash into the money markets for a second straight session. Japan, the nikkei was down by almost 2 . The hang seng was off by 1. 3 . And the shanghai composite was off by 1. 25 . Well see if that weighs on market here this morning. Steve, right now, ill send it over to you. Thanks, becky. In corporate news, jpmorgan reportedly nearing a roughly 6 billion settlement to settle claims with Mortgage Backed securities in a run up to the financial crisis. In separate news on the bank, jpmorgans 13 billion mortgage settlement with the government kind up costing the company lows her to 9 billion after taxes. A number of buyout firms, meanwhile, are reportly exploring a deal for all of part of safeway. The name includes cerberus. Activist investors Jana Partners says the Company Shares are undervalued. It held talks about reviewing if strategic ey
Stocks coming off their worst losses this year. Its february 5th, 2013 and squawk begins right now. Good morning, everybody. Ike becky quick along with Andrew Ross Sorkin. Joe kernen is off today so we are again joined by Steve Liesman. Also at the table with us this morning, our guest host is andy surel. Andrew just talked about the markets. Stocks ending at session lows yesterday. In fact, all ten s p sectors closed lower. Yet the bulls betting this is nothing more than a bull pac. But we will have a number of powerful investors for their thoughts throughout yao the morning. Jim oneill will join us in just a few minutes. Then in the next half hour, the man charged with making sdigs for how blackrock invests more than 1 trillion, the firms chief investment strategist, russ koesterich. Nouriel roubini will be joining us and were going to ask him for his current view of the world. In the following hour, buy and hold is the name of his game, barons capital ceo ron baron will be our speci