Another market in the red down for 10th of a percent and now a Fourth Quarter gdp beat estimates, growing 2. 1 . Europe bonds lower than the quarter. Chinese stocks extending their around and doing good. Shanghai up 8 10 of a percent. Shanghai composite up for seven straight days. The highest level since the end of last month. Chinas january property prices falling a bit less than in december. I tell you which stocks are moving later in the program. To our top story. The debt drama in greece. Creditors talks collapsed in brussels. Finance minister said that greece refused to be considered a debt colony but said he does expect some sort of agreement this week. The greek government wants its current Bailout Program scrapped and is seeking an 11 bridge 11 million bridge loan instead. Josh, we will hear from you in a moment. Lets hear from the main players first. In the history of the European Union nothing good has come out of ultimatum. We proceed from crisis to crisis and this is how we
Them to take on investments that if they unwind, can create risks. Olivia australias benchmark bond hit the highest levels since december, and germanys benchmark bonds rose to its highest levels this year. Meanwhile, voting is underway in the u. K. David cameron is facing off. And a, polls have been open for a few hours already. Give us the latest . Pulls up and open for four hours. They will remain open until 10 00 this evening. Members of parliament will be elected to represent the u. K. Registered voters are casting their ballots. There are 3000 polling stations across the u. K. We have some voting restrictions in place, we are not allowed to talk very freely about the election today. We have to stay away from the color we have been bringing you. I found out today that you can vote in your pajamas which is useful. You can take your dog. But dont try and take a selfie. Olivia looking for to having a full breakdown and discussion with you tomorrow. Tom the patriots are under the scand
A mixed bag, and that tenyear note yield, hovering a bit below, a 218 right now. We have been up significantly in yields in recent weeks. Lets get to our road map this morning on the earnings front. While dish makes more money, but fewer subscribers. Yeah more money, more problems. Has taken that take in the special online retailer. Sometimes they surprise me. Who are they . Our crack producers. We have a new ceo at comcast. Mike cavanaugh, and carlisle which is interesting to note. Mr. Cavanaugh did not seem to spend a great of time at cavanaugh, he will take over as the ceo of comcast in early summer. At jpmorgan also he chief or cochief operateing officer and copresident. Not kissing up, but i loved him at jpmorgan. Very well thought of. Hes just considered to be a very good businessman, so his departure certainly caused quite a stir. And ive not spoken carlisle. Again youre dealing with the same problem. Of course if you recall stepping down as the cfo of comcast comcast, as soon a
Selloff. Bond yields around the World Soaring today. Janet yellen poured gasoline on the fire yesterday. She said longterm Government Debt is overpriced. She warns the dangers posed by low rates. Low Interest Rates can certainly incense some investors to reach for yield. They can incense them to take on leverage positions. If they unwind, can create Financial Stability risks. Betty there you go. After her remarks, japans yield made its biggest jump in two years and australias benchmark on his highest level since december and germanys bond rose to its highest yield this year. A huge selloff. The election is underway in britain. David cameron has already cast his ballot. He is one of 50 million britons registered to vote. The challenger is ed miliband. A change for chinas biggest Ecommerce Company. Alibaba naming jonathan lu to take over as ceo. He will take over for jonathan lu who is staying on as vicechairman. Alibaba reported strong Quarterly Results. Daniel zhang will join us in the
German bund got to nearly 80 basis points. Oil relatively flat. The tenyear hit 2. 30. The rising vix, some of these yields went bananas around 6 00 a. M. Eastern. Because of the percentages and how low they are in germany, you have a little change in germany, its a dramatic rate increases. People are losing fortunes. Now its 2 trillion in two weeks. When people say why are some of our stocks down look at the pain. People believe negative rates would get more negative even though there certainly was this risk. Yes. That was just dead wrong. We are seeing one of the things i think is just shocking to me is this dollar. The consensus was the dollar was in parity all these things you heard. Dollar you better get to europe quickly. Im booking that amalfi coast trip now we ought to hear about alibaba. They turned the s p futures. Lets do that. Alibaba shares are up in the premarket after the companys earnings did beat expectations. Also the Company Announcing its current chief operating off