Guy the plan may be considered if the greek government fails to convince its creditors that it can secure more funds. A former ecb president spoke to bloomberg. Nobody is optimistic, frankly speaking, on greece. We have to be totally realistic and it all depends on maturing of the position of the government understanding that in any case if it wants to deliver growth and jobs, which is the main goal of that government, it has to produce Recovery Program that inspires confidence to the international community. Guy Jean Claude Trichet speaking in singapore. Francine seems pretty candid. For more, we are joined by one of our reporters. Standard chartered banks chief economist. How do you interpret what the our bloomberg scoop about the ecb . You have to present some reforms and you have to do this as soon as possible. The may 11 europe meeting may be the last date this is acceptable so that greece can present a full list of reforms that bode well with what they want to see. I think they a
On thursday, european leaders will hold an emergency summit on how to stem migrant traffic. In baltimore, Six Police Officers have been suspended in a death of a man they have arrested. The Police Report does not mention how the injury may have occurred. Activists marched through Baltimore Police headquarters. The fbi says there is no reason for a civil rights investigation into the death of a volunteer sheriffs deputy. The deputy says he mistakenly fired his handgun at the man instead of using a stun gun. Brendan google is making major changes in how their Search Engine works on your smartphone. Today, it will favor sites that are mobile from the. That could mean to changes in the way that websites are ranked and hurt smaller businesses that do not have mobile friendly sites. Google warned of the change in february saying the new all go rhythm would have a significant impact. The penalty phase of the Boston Marathon bombing trial begins today. Jurors will decide whether Dzhokhar Tsarn
It was for a moment. Ital ital italys Coalition Looks Like it will survive and the ecb standing pat with Interest Rates. Adp, because of the shutdown, the the only number were expected to get this week comes in under expectations. And george soros making a claim that the euro crisis is over but the European Union may not survive. And what is microsoft without bill gates . Some investors are pushing for gates to be removed from the board. And the three major ipos, brands that you know, well bring you the first trades as soon as they open. First up, futures moving lower on day two of the Government Shutdown, this on which data from adp shows private sector added 166,000 jobs last month, below expectations. The numbers taking on more significance as fridays release of the jobs numbers has been hindered by the showdown. The president hosts 19 ceos at the without today, center stage is jamie dimon and, jim, heres how the papers are playing the shutdown. Heres the journal, capitol digs in fo
Does. We have a lot to talk to about. 50 brands. We have to get to the top headlines. Releases this morning, General Electric and Morgan Stanley. Scarlet fu is going to run through the numbers for us. Let us start with Morgan Stanley. Likes tumbled 70 jpmorgan, Morgan Stanley has a set aside money for litigation expenses. That worked out to 1. 2 billion. Legacyelated to the problems of Mortgage Backed securities. We dive into the numbers, half it beat analyst estimates. Revenue topped estimates and was pretty much in line with what analysts were looking for. James gorman has been deemphasizing analyst estimates. Investorse part that and james gorman are focused on with Morgan Stanley beefing up its brokerage business. 19 pretax profit margin. Another software watching is ge. Ge shares have turned lower in the premarket. This is after the earningsper share matched analyst estimates. There is a track record of matching or just eating beating. Revenues are slightly higher than analysts we
Youre watching Worldwide Exchange, bringing you Business News from around the globe. All right. Hello. Welcome. Weve got two hours of the good stuff coming up. Were here at work today. Thats the good news. Im still here today and tomorrow. I love working with you, ross. But yesterday i got to work with louisa and we talked hockey the whole time. How do you beat that . You dont. Working with louisa is an unbeatable experience. Ice hockey . No, field hockey i can do. Field hockey . I dont know. The canadians, we dont consider that you should. We have lots of fun stuff to talk about today. Lots of politics still. It is day two of the u. S. Government shutdown and there appears to be no quick resolution in site. How republicans tried to get three bills passed tuesday to fund certain programs, National Parks and operations for the district of columbia. But the measures, which needed a twothirds majority vote all failed. Democrats and president obama opposed the piece mail strategy. Aids say