For peace. And thailands king open divorcing the country ice military chief despite growing protest for the army. The credit in europe is strong according to the latest cfo council. Speaking to this show, they say corporates are getting access to capital at attractive rates. Youre watching Worldwide Exchange, bringing you Business News from around the globe. And a very good morning to you. We have Election Results from the eu parliamentary elections. A mixed bag with an increase in gains for the antieu, a constituent from italy where exit polls show renze shows them pulling ahead. A surprising win for the new Prime Minister. Thats why the ftse is up 2. 3 today. Well have the latest from milan in a few minutes. Lets go there right now, in fact. Claudia has the latest. A surprising result. Reporter absolutely. It was expected that renzi could win and beat the second largest party, but it ended up that the distance is almost 20 points. So 21 of votes goes to him while 40 is what the pdk c
Catching a lot of peoples attention is the broader based russell which is down 2 or 21 points on the trading session. The oil market, last trade on oil is on brent crude down 89 cents. Gold is down 13 bucks on the trading session. The yield on the ten year note is 237b9 552 . Over in europe. Very ugly day. Down 43 points. In germany, lost almost 2 . And in france, paris, finished down 1. 5 on the trading session. Why is market falling . A couple reasons, two main ones, europe, we saw the picture there. Rising labor costs here in the u. S. Daytoday showed the biggest jump in u. S. Labor cost in five years. Added to the geopolitical jitters. We have a recipe for the downside today. Bob, your perspective. That was a great summery there. Youre right. I would lay a lot of the blame here to the start of the problems today over in europe. Take a look. We just had an ugly open in europe and ugly close. Basically stocks closing on the lows there. Portugal, much bigger loss than anticipated. The
Areas of florida. Thats where the heaviest of the rain has been paid we are continuing with tornado threats throughout the day today, probably even into tomorrow as this continues toward the north. Not generally the really large destructive hurricane, but some smaller spin ups that can happen and caused quite a bit of damage. Wind is now still into the 5060mileanhour range, down across areas of the panhandle of florida and areas of eastern alabama, southeastern. Take a look at these rainfall totals that have fell already. Anywhere in the white, we are talking about rainfall totals that are around 24 plus inches across a lot of area around the panhandle of florida. That has already cost some really significant flooding, and we will continue to see that flooding as we are probably going to deal with another 48 inches around parts of the panhandle of florida, just a little farther off toward the east. This is the future radar of how it plays out over the next couple of days. Notice by tom
Executive actions, orders, and memorandums. 30, in all. Among them, halting funding for trumps border wall. Reversing trumps muslimtravel ban. And orders to start combatting the covid19 and mending the damage it has done to our economy. Including, an expansion to the foodassistance program. Fasttracking stimulus payments to americans. Improving access to unemployment benefits. And giving federal workers a 15 minimum wage. But President Biden cannot do it alone. He will need congress. And while, yes, his party is in control of both chambers, there are signs tonight, the gop is ready to obstruct. All of this, as we learn that on monday, the house will formally send its article of impeachment to the senate. Majority leader Chuck Schumer has now agreed to postpone the trial to february 8th. A sign of good will by schumer, following requests that trumps legal team get more time to prepare. And then, there is this. Late, last night, katie benner, of the new york times, dropped this bombshell
Despite angry warnings from china, germany is foreign minister, the fans, a landmark and non proliferation treaty at the you and the secretary general wants of humanity is just one misunderstanding away from nuclear annihilation. Im severe drives tightens. Its chris on the south africa eastern cape report from the city of come back, where residents are struggling as the taps run dry. Ah, ah, im fil gail. Welcome to the program. The 1st grind shipment to leave you crime, since the start of russias invasion has set sail to he, which is over seeing a deal between the countries in the u. N said it was safe to reach you exports. The shipment is due to arrive in istanbul on tuesday, where it will be inspected before heading on to lebanon, just one of many countries desperately in need of gray, ukraines hoping todays departure will be the 1st of many. Ah, the ships horn is the sound of hope. Ukraines harvest of finally come back to life. After months of blockades, following the russian invasi