Lets get you to the top stories we are following at this hour. We are in rally mode in the equity market. The dow jones up 227 points right now. The s p 500 is up just over 1 . A 22 point gain for the s p. The nasdaq composite index jumped to the highest level in 15 years moving towards widening out its losses. We are seeing a big jump in crude oil on this friday. Crude is up over 4. 5 . American airlines is flying high today. The company will be added to the s p 500. A little more than a year ago, american was in bankruptcy. Matt miller asked the ceo white to be part of the index. We are the Largest Airline in the world. Those are metrics that get us well into the s p 500. This is an airline that was in bankruptcy 50 months ago before the merger. 15 months ago before the merger. To be in the s p 500 15 months later shows the strength of the merger. Mark a group says it carried out a string of suicide bombings in yemen. The attacks happened at mosques during friday prayers. There were
Friend today. The markets are seeing declines. Exporters are drawing driving it lower this morning. These are examples at the lunchtime break. Australia that is the picture really across asia. There it is, the dow jones off 1. 5 . That was the Market Reaction to the u. S. Jobs on friday. That is where asia is taking its lead. Thanks, john. Our top story here, japan came out of recession the last quarter of 2014, but not nearly as strongly as originally thought. Lets head over to tokyo to speak to james. What do the numbers tell us . Thanks very much. The numbers show that japan did actually come out of recession in the Fourth Quarter of last year, but it was a revision down. The growth was much lower than the preliminary 2. 2 growth we saw. That is mainly due to shaky business confidence. The Business Investment actually fell in the period. The preliminary data showed that business rose slightly. And cutting down on inventories. Business investment has fallen. Inventories have also fal
Quarter of record profits, all thanks to revival in the chip sector, but shares are falling as it prepares for Slower Growth in the mobile space. All right. A warm welcome to you. Welcome to this jobs friday. No, its not a jobs friday. Because of this. House republicans today are holding a closed door meet to go discuss plans for budget and fiscal matters as the u. S. Government shutdown hits day four. There is little action in congress as the budget impasse looks like it could very much into the debt ceiling deadline of october 17. Reports suggest john boehner has signaled he wont let the u. S. Default even if he has to enlist votes from democrats. The Treasury Department is warning a default would be catastrophic, plunging the u. S. Into the worst recession than that experienced 2007 to 2009. The president has canceled a trep into indonesia next week. And the shutdown debt ceiling on the minds of people all across the United States, Brian Sullivan moderated a Panel Discussion last ni
Been asked to join the disney board. Can his perspective bring tech magic to the Magic Kingdom . And iac had to fire an employee over a racially insensitive tweet over a twitter account that is barely followed. How is social media created the potential risk for modern businesses . We will explore new Corporate Management over social media. Apples iphone is finally coming. After six years of negotiation, apple and china mobile have announced a deal that will bring the two newest versions of the iphone to china starting next month. China mobile is the countrys dominant carrier and apple will gain a Subscriber Base more than twice the size of the entire u. S. Population. But how will this help apple in china as they battle lenovo and samsung . My guest helps google set up chinese operations. Good to see both of you. How big a deal is this . Good to see you. It is a great deal for apple. Finally, they will be able to get access to china mobiles 759 million subscribers. The problem is, a lo
Say his critics to claim hes only looking for votes. Mosque and watching a tv nationally rated actually iraqs Prime Minister is calling on the residence of the cfo will get to drive out insurgents the scene has been occupied by al qaeda militants since friday when the then clearing in an Islamic State is as the army prepares for a major assault on the city with several airstrikes already carried out. Aigs closely or has the details the elements with al qaeda meetings had overrun the eve of the cities of punjab and the monte and thousands of places that are pvc area. As Government Forces who want a strike and find out onto the cells finance committee on monday he has not backed Government Forces will not be this area and took fourteen sixteen is an immense amount to crimes he eliminated but he does admit that for now the government has lost control in the sixties. In recent days the menace has received a boost as they were joined in a fine its a case the baghdad government by sunni trib