More turbulent if not volatile period for stocks or yet another blip on the road higher . I think you have to look at it two separate ways yeah, the seasonal patterns which will take you higher into year end i believe, but whats added that element of volatility is clearly the tax plan. If its going to happen, its not. The market trades up and down on that, and my personal view is that that volatility will persist. They gave a christmas deadline for getting it done. I dont think it happens so these are buying opportunities that we saw with tech, alibaba, for example you have an opportunity to buy them down, and i still think that the underlying trends specific to these companies is so powerful thats when you want to get the buy. We mentioned this quiet correction, josh, that doesnt seem to be getting much attention at all 184 companies out of the s p 500 are in correction territory or worse. 36 of the index. Where i come from we call that rotation, and let me give you something that may
Buying inen a lot of the stock market over the period , and this is great news for egypt because you could already see the reaction of the government quite quickly to the policies they have taken. The market has reacted quite positively and it has been great for the country. Where does the road over here from egypt . Unlock someosed to of the liquidity that has been missing in the system. A kind of growth are you expecting . That thist thing is is just one of many steps, so you could even see it when they took the decision. I am sure that you know how difficult this is from associate political point of view to undertake such difficult decisions. We hope to see a continuation of those reforms going forward. Aboutare a lot of talks selling stakes publicly and publicly held companies. The government is very serious about going forward. You mention some of the public companies. What kind of ipos might we be looking at . Given the confidential nature , i cant really talk about specific comp
Russian sanctions after discussing its lowest quarter output ever. Barclays investors reported a better than expected Second Quarter profit despite the decline of Investment Banking and a slew of investigations. Peugeot returns to profit and the Aerospace Giant reassures investors on its books. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome again to worldwide exchange. Lets give you a look at what else is coming up on todays show. Airbus Third Quarter profits take off as it assure its its forecasts are soldly. And held back by the euro, bayer posts a rise in profits, but how much of an impact did the single currency strength have on the numbers . I speak first to the ceo. Plus, have your popcorn in hand as the ceo of imax swaps the big screen for your small screen later in the show. And carl icahn steps Family Dollar for whats next in the late nest capital. We cross to new york to get you the latest. European markets right
Investors and they say next year is likely to be like this year. That might lead to disappointment by investors. Lets see if nestle has opened. This is b. N. P. Paribas. We spoke to the c. E. O. Earlier on. Frances largest bank saying that it had a surprise drop in Fourth Quarter profits. They missed analyst estimates. Down 3. 7 . This is after it set aside more than 1 billion, basically subject to u. S. Economic sanctions. We have a lot of earnings. We have a forecast from china under export growth. We have the deal. What else are we watching . Larry fink. Says that a buying inundate emerging markets, they are going target way below what we had last year. It is the good old american consumer. Lets see last month. Flat rate on retail sales. The jobless numbers are the dominant theme on the market. You get our frort the European Central bank report from the European Central bank. Six Straight Days of gains. You know, recovery. I want to put the recovery in context. 3 billion was wiped o
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