Spain exits deflation, the country also posts its strongest quarter growth in three years. The key inflation figure for the eurozone as a whole due in one hour. Plus, brace for impact. Were joined on the show by dr. Doom himself, mark farber who says equities are facing a crash this year that could be worse than what we saw in 2008. Youre watching worldwide exchange, bringing you Business News from around the globe. Hello, a warm welcome to the program. Mark farber is with us on set. Well be getting to him fairly shortly. First, alstom shares are soaring higher as they open for their first day of trade since monday. The firm says it is considering a 17 billion effort from General Electric for its power unit that includes 13. 5 billion in enterprise value and 3. 5 billion in cash. Alstom will make a decision by may. It all comes as rival siemens says it needs a month to prepare a bid for the country. Where does this leave us exactly . Stephan, where does this leave the french government
Because even when they say its not it is always about money. Melissa so new intraday high for the dow on track to close out day for another record level. Economic data out today, less than thrilling. Retail sales basically flat. Is there any correlation between stocks and economy anymore. Barons Senior Editor jack hough, fox businesss tracy byrnes and wall street journal spencer. I given up, there is no connection between the economy and stock market anymore. Theyre totally not correlated. Am i crazy. I think weve gone through a period where the relationship might have reversed. It chased people out of savings into stocks. As share prices wise we hope people will feel wealthier and start spending but the problem is last couple years, share prices liz send four times than earnings and stocks are looks expensive. Melissa youre saying a rising stock market is killing economy . No. I think the fed trying to keep Interest Rates low melissa would thrive the economy and it has not worked at a
Israel helton brokering a ceasefire as the death toll in gaza rises. Reports suggest lebanon has now fired rockets towards israel. The world cup winner will be revealed this weekend, but who won the sponsorship battle . Were joined by the ceo of puma later in the show. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome, again, to worldwide exchange. What a difference a day makes. You can see losses in the gainers in todays session, seeing a bit of a bounce across the european markets. Stoxx europe 600 up around 0. 4 in the markets today. We closed on the day yesterday by pulling back some of these gains today. Remember it was a confewence of factors, weaker Industrial Production from italy, weaker Industrial Production from france. We also saw peripheral spreads in the 10 basis points. Weve taken back eight basis points of those stable trading, specifically under the 400 levels. We have seen a bleeding out of some of those spre
Dave. David all right, apple. The stock was getting a little pumped up by the suggestion by David Einhorn that they go out and do something with that 150 billion of cash they have. Well, guess what tim cook did . He poured water on that, calling David Einhorn a silly side show, and the stock didnt like that. Reporter he thought the whole thing was somewhat bizarre. He said that the idea of preferred shares and dividends was a creative one. David tim cook, dont fight the tape, dont fight the tape. Thats clearly what hes trying to do. Liz okay, and here comes that closing bell, and the bells ring on wall street. Didnt quite make that fiveyear record high, but here we go, were looking at green on the screen. Dow jones industrials moving higher by about a third of a percent, adding on once again. And look at the s p 500, not quite at 1520, but you could call it pretty much there, 1519. The russell 2000 looking rather healthy, up half a percent. Its the nasdaq dragged down, i would say, by
They cant find work and that is putting pressure on retailers. And know your options, when insurance wont cover your longterm care needs, what are the alternatives . Well tackle that as we wrap up the series how to navigate longterm care. That and more tonight on nightly Business Report for friday, august 2nd. Good evening everyone. American businesses werent it was supported to show 183,000 new jobs were added. It didnt. Only 162,000 people got jobs, the slowest month since march. The numbers for may and june were revised down. Hampton pearson takes a closer look behind the numbers. The reason why the jobless rate is lower and the troubling trends in the market. Economiests say factors with employers adding just 162,000 workers to payroll, and a downward division of 26,000 jobs from the government for the pref warehou previous two months. More part time highers are being hired tied to implementing obamacare and private sector defense contractors are feeling the impact. The last four m