Hello. Youre watching todays worldwide exchange. Im ross westgate. And im kelly evans. Japan is facing a 255 million euro loss for philips. Cutting a key Interest Rate by 25 basis point is the bank of india. And the boj is keeping tune rate until theres a significant drop in unloimt. And ahead of todays parliamentary hearing, italys economic mip sister takes grilli takes center stage. All right. Reunited. Back together. So nice. You know that song . I sang that to you the last time. Weve had a couple of reunions and a series of time spent apart. How are things sthp. They are great here. How was davos . So far, gone, in the distant memory. Dont worry about it for another year. Plenty to worry about today, though. Korea. On todays show, plenty of good stuff coming up. Were going to be in madrid as the Prime Minister is reportedly releasing a plan to relief some of the pain of austerity. Then its south korean steel giant posco reporting Quarterly Earnings today. Well have the latest live
Welcome to todays worldwide exchange. Im kelly evans and these are your headlines from around the world. George osborne is set to make plans to break up banks. Well bring you live coverage of that highly anticipated speech. A Corruption Scandal weigh owes mario rajoys party as he prepares to step down. We should assume that might win this discussion. It will completely break down. And the other side of the story from bumis cofounder. And its extraordinary comment for the chairman of a British Company to make. That seems to be the main thrust of his argument to win this. And its wrong. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. An extraordinary back and forth there on this monday morning. Welcome to todays worldwide exchange. Ross westgate is away but well do our best without him. We have Michael Brown to help us through things. Coming up on the program, well head out to hong kong where china is requiring a reinstruct during of the eco
Good morning, everybody. Im becky quick along with joe kernen and Andrew Ross Sorkin. Joe, nobody can put anything by you. Youre right, it is 2013. Our top story this morning, call it a breather or a break, but the winning streak has been snapped after an eightday run for the s p 500 giving background. Not much, but it is enough to stop the longest run in eight years. The s p 500 dropping about three points, but the index still remains a hair above 1500 and some people will tell you thats pretty important. The dow finishing lower after bouncing around the flat line all day. The dow standing at this point at 13,833. But the nasdaq showing some signs of life thanks to roadway bound in apple shares. The nasdaq closing at 3154. Apple shares up about 2 yesterday. Also yesterday on squawk, jpmorgan strategist tom lee made the case for the dow hitting 20,000 in the next couple of years. When we look at multiples, you have to keep in mind mid cycle s ps are at 13 been were at 1257. Triple yiel
Welcome to worldwide exchange. Ross is away. Im kelly echs. These are your headlines from around the world. A sharp selloff in europe follows with asia falling lower. Pmi data out of france and germany shows private sector activity slowing more than expected. The Chinese Market is hit the hardest as fears of the crackon and pbocs trading funds show concerns over trading privacy. The Insurance Industry improving and Insurance Agency reed sees a 60 rise in earnings. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to the program this morning. Before i bring you these numbers right away, eurozone flash, pmi services estimated coming in well below expectations at 47 versus 49 expected, this all for the month of february. These pmi surveys are one of the earliest reads we get for activity across the eurozone. Many hopes for activity bottoming out in the quarter potentially thrown a bit of a blow given these numbers are quite weaker. The
Hello and welcome to todays Worldwide Exchange. Im kelly evans and these your headlines from around the world. In italy, the outcome of the elections still remains highly uncertain. Following an hours time by the European Commissions winter Economic Forecast. Alcatel lucent shares trading higher after vodafone executive Michelle Kohn is its new ceo. Announcer youre watching Worldwide Exchange, bringing you Business News tr around the globe. Now, the eco index in germany is expected to rebound in february. It should be crossing the wire any second now and well bring that number to you. Ahead of trade, youre looking at the euro dollar up about 0. 2 . It looks as though the february ifo fund index has risen. In fact, its risen to a level of 107. 4, well above the level of 104. 7 that was expected. Also, depending on the consensus, it was looking for a reading of about 104 105. Current conditions index, 110 versus the expectation of 108. 5. Message here from businesses surveyed by in this