Other people want to make friends. Im just trying to make you some money. My job is not just to entertain you but to educate you. Did you ever think an ohio steel mill could be so cozy . I know i never did. But on a day when internet wonder boy google reported disappointing earnings, causing the entire stock market to tumble, the dow giving up eight points, s p. 24 , but the nasdaq nosediving 1. 01 , ive got to tell you, i feel pretty darn comfortable being surrounded by people who make physical goods rather than just create websites. Youve got to love the irony, frankly. The moment that google issued its release prematurely i was basking in the glow of a Blast Furnace, making hightech timken steel. This kind of technology, the technology you see behind us, sure feels more certain and more tangible than googles technology after todays brutal shortfall. And you know what . Thats the main reason why we came out to the industrial heartland today, to examine firsthand the manufacturing bel
Proven otherwise at 10 00. Earnings. Rms wof a bit of a mixed beat from angloamerican. Profit down seven percent. More writedowns. A lot for us to talk about. But we are expecting the stock to go higher and it is, up by 1. 7 . Now lets get to rome. Hans, you are following italys political drama. Ine, it is going to be a remarkable day in rome. You will see enrico letta offer his resignation and a new cabinet is likely to form. The question is, can matteo ofzi avoid a vote noconfidence and snap elections . It looks like you well and he will start governing as soon as next week. What is amazing in all of this is that markets are not reacting all that much because they think its a ration the situation is enhanced. Manus, we have earnings and data and politics. What else are we watching . China. Inflation has gone to its lowest level since the 1990s. Could that be an opportunity for the chinese to reconsider the stimulus . Industrial utilization in the u. S. Will come out later on. Michiga
I am guy johnson. I am francine lacqua. Also coming up, another setback. We follow the highest that cost the black market site a lot of bitcoins. Almost balanced on this valentines day, we speak about helping the mega rich find love. We are just getting some italian gdp numbers. Maybe nothing to write home about. But we are not in a recession. Gaining some 0. 1 . Pretty much in line with forecasts. That is the good news. The bad news is that we had to revise quite significantly the year on year gdp figure. To put it mildly. To q3 gdp figure revised 1. 9. That is with the economy contracting 1. 8 from a year ago. This is the First Quarterly gain since the Second Quarter of 2011. Yay. We will take it. Enrico letta says he will resign today. His own party withdrew support for his government. Hans nichols joins us live from rome. Will enrico letta definitely go through with this . That is exactly right. The challenge for matteo renzi this morning will be, how does he heal his party after t
Day. Plateauing a little at that level, and then moving up more as u. S. Production continues to grow, and u. S. Demand plateaus off. Motor gasoline, one of the interesting things about the ability of refiners to export things like distillates, which are getting a very good price in the International Market right now, is it is resulting in high refining utilization rate. Theyre running now on the upper 90s, and what that means is products are being produced in surplus, in fact gasoline, theres enough gasoline around in the u. S. Now that prices have actually been relatively moderate, or below last years levels at this time. I wanted to and this brief run this brief run through of our major conclusions with a thought on Energy Related co2 emissions. We think that they will remain below thats 2005 that 2005 peak that you see when we then plateaued briefly at roughly 6 billion metric tons. This can, combination of several different things. Per capita gdp came down. We know that there was
I found myself asking because the litany of worries that i hear daily on tv and read on the web would frighten anyone out of the stock market. As we know from all the cash thats falling out of equities including probably today, that frights having an impact, even as it clearly took a holiday into todays session. Now, i am not advocating complacency, not after a Beautiful Day like today. That would be irresponsible. We do have a ton of things to be concerned about. Why dont we do this. Lets tick down the differences between what im hearing people worry about versus whats truly worrisome. So we get to the phony worry and the real worry. First the fiscal cliff. Something very important has happened in the discussion of the cliff. And its not that its about to be solved. You see, in the last few weeks its become very apparent that the president doesnt really want to negotiate, or he would be offering some spending cuts to match the speaker of the houses recent offer to vote for some tax in