Hell be here to explain why and what it could mean for the markets, as well. Speaking of the markets, 24 hours from now much of the country in the grip of a winter storm that could literally hitting at the worst possible time. For anyone trying to get home for thanksgiving. Guys down here thinking it may be affecting volumes. Well have the latest on how bad the storm will be, how long to last and where exactly it will hit. Also, the other story were all keeping an eye on at this hour. Law enforcement officials in missouri are bracing for what many fear could be a second night of violent protests. Property and businesses ransacked and burned in the wake of that grand jury decision not to indict Police Officer who shot Michael Brown in august. We will be speaking with the owners of one particular local Family Business there in ferguson who watched their livelihood completely destroyed overnight. And they want to know why it was allowed to happen. And those are questions that are being as
Plummet. We talk about the impact of the stronger swiss franc and slow down in china. The price of oil is volatile but in an exclusive interview saudi arabias finance minister tells cnbc the government wont change course on spending despite the huge drop in prices. Help us sustain our policies policies. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Welcome to the show everyone. The focus today here in the stock market and bond market is greece. Ecb will no longer accept greek bonds as collateral. Were seeing volatility. Investors selling greek debt sending yields sharply higher. Take a look at the 10 year greek debt yielding now 11 . The 15 year greek debt yielding about 10. 5 . Were seeing similar moves in the equity markets as well. Keep in mind right now were looking at european shares despite moving lower in todays trade still trading at a multiyear high but the focus, the concern right now is on the greek negotiation terms. Absolutely. Athens
Profits. Nestle hits the sweet spot. Despite a slow down in emerging markets. Coming up we speak to the ceo of the swiss consumer giant. Youre watching Worldwide Exchange bringing you Business News from around the globe. Straight to our top story this morning, in the last ten minutes the ecb has denied or thes that policy makers have discussed capital controls from greece. The report came from a german newspaper citing bank sources. Anneta lets start with you. Were just hearing from the ecb that the governing counsel has not passed capital controls for greece. That refers to the report we had this morning in which they were quoting ecb officials saying that it would be a good idea for greece to install capital controls looking at the outflow of deposits which were currently seeing. Of course the ecb is saying that has not been dispatched from the governing council but putting that official opinion aside, looking at the rational behind spreading such rumor at that point in time could le
1. 855. We begin with facebook with the social media giant honing a Developers Conference this hour. The stock right now is currently down 1. 9 but it is nonetheless, still sitting around alltime highs. Julia borstein is live at the big event in san francisco. Julia. Thats right, mandy. Mark zuckerberg is about to take the stage. He will be addressing the 2,500 developers who are gathered here in san francisco, and there are two main topics that he is expected to make big news on. Messenger is facebooks standalone messeninging app, and he announced he will be turning it into a platform. That means that developers will be able to build other apps on top of the platform very similar to what weve seen with the line app, which is a popular messaging app in asia. That means people will be able to buy things, buy movie tickets, and do various things including read content, watch videos without actually leaving the messenger app. Big news there as well as an Ad Technology as facebook looks to
Its debt. We are three days from potentially hitting the debt ceiling, a move one bank ceo says would be a very rapidly spreading, fatal disease. We are on the grown in washington with the latest details. The deadlock in washington is weighing on stocks today. We are counting you down to the market open 30 minutes from now. Netflix coming to a cable box near you. A new report says the streaming Video Service is in talk with cable providers and shares of netflix are higher in the premarket. Still, no agreement on ending the Government Shutdown. Now in the 14th day. Nor on raising the debt ceiling. The biggest leaders in banking sounding the alarm at the International Institute of finan finance conference in washington. I was a moderator at that event. Jamie dimon painted a pretty bleak picture of what could happen. As you get closer, the panic will set in and something will happen. I dont know periodically when that problem starts. Deutsche bank says his company has been making continge