Face a very strong head wind. Two suspected terrorists are killed in a raid by belgian police. The threat level has been raised across the country. Welcome to countdown. The Oscar Nominations are up. Bird man and the grand Budapest Hotel top the list. The Swiss National bank lifts the cap against the euro. Japanese stocks have been falling as the yen traded at its strongest in three months against the euro on increased demand. Sovereign bonds and gold hit near fourmonth highs. This was frank is trading at close to parity with the euro. The countrys government warned about the impact of the s p decision on exports and tourism. Shares in swiss exporters went down. The swatch ceo describes the action as a tsunami about to hit the swiss economy. For more on the ramifications and the impact we go live to hans nichols. We are hearing many industry voices talking about this. Analysts and the markets were blindsided. That was the whole point. The Swiss National Bank President said that surpris
Jobs number friday. Markets slipping after weak overnight data. Present hitting new fiveyear low. The dow as we said within nine points of 18,000 and retreating today. Merck buying cubist more than 18 billion and cash. Comments late in the hour. Mcdonalds delivers another weak number. Sales missed the street, down 2. 2 worldwide. More than that in the United States. Well get to all of that later on. But first up, dow and s p, each posting a sevenweek winning streak since late november of last year. Blue chips within 48 point of the 18,000 mark. Futures falling on disappointing chinese trade data. Japans economy shrank more than initially estimated in q3. Crude falling to that new fiveyear low. Morgan stanley cut its forecast, oversupply to peak in the Second Quarter next year. But in their words, guys likely to get worse before it gets better. Once again, i mean, heres here we go. Theyre weak, thoi this is our strength. When europes down, by midmorning the money comes here we have the
September, something 0. 9 . Barclays expecting italy might not exit recession before the First Quarter next year. Lets move on and give you a reminder of our other headlines. Germany and france avoid falling into recession in the Third Quarter. Gearing up for a showdown, the australian Prime Minister accuses the russian president of being a bully while the uk warns russia of further sanctions. The eu says a Corporate Tax deal between starbucks and the dutch government may have been illegal. Rallies to the top of the French Market after the Telecom Giant lifts on better than expected sales in the Third Quarter. Hi, everyone. Im seema mody. Coming up on todays show, as Oil Prices Hit a new multi year low, the uk ambassador tells us what that stake means for petro bass. We hear from a tech startup hoping to make a connection in emerging markets and paris residents are on the high alert as a tiger remains on the loose. The latest on the hunt, coming up on Worldwide Exchange. Announcer your
Convicted of planning an attack on Pervez Musharraf. In pakistan, theres a majority of people that have been calling for Death Penalty and Capital Punishment to be reinstated. There is an understanding that the authority is acting out. A small minority of human rights activists and security analysts believe this is a very vengeful way of going about it. And taking revenge, the military is sort of taking revenge by hanging these terrorists. This is not the way to go about it. Theres a need to change the mindset. The big example is that over the weekend, the terrorists that were hanged in light of the attack on Pervez Musharraf the funeral that was held in pakistan was attended by a number of people. They are the support in the community, the pakistani local community. Theres a group sympathizing with these people. Because of that we are seeing a lot of the population, when the bodies come back home of the terrorists, they are being celebrated and being called martyrs. Because of that, m
On the ground are responding with rocket fire. Its raising concerns of a wider conflict similar to what happened in 2008. Israeli forces have continued air strikes on gaza for the past two days. They have attacked more than 200 locations including militant targets. At least 15 palestinians have died in all including children. Gaza residents are staying off the streets because of the threat of more air raids. Some are lining up at shops to buy food as a sign of precaution. Translator in fact, it was a bad night for young and old people especially for children. Hamas is ratcheting up its attacks in retaliation of the military chief. They launched more than 250 rockets in israel. Many landed this towns across from gaza. Israeli Prime Minister said his country is ready to do what it takes to defend its people. U. S. President barack obama spoke with netanyahu. They agree they need to stop attacks. Morsi says the israelis must realize their aggression will only lead to instability in the re