Deal as shares boosted by Restructuring Plan. Were going to be speaking to the ceo of carlsberg first on cnbc about the challenges its still facing in russia and china. The bank of england governor tells bankers were ending the age of irresponsibility. This ahead of mario draghi that could signal further easing. Okay we knew it was going to be big and its proven to be the case. A 10 billion day for chinas singles day. You see the heart here. November 11, it was a shopping frenzy soaring past last years record with alibaba raking in a whole lot of dough and they took in half that amount of last years take in just 19 minutes on the day. Eunice filed this report on the antivalentine event. Singles day got off on a solid start and the numbers are impressive. The Chinese Post Office expects 760 million packages to be shipped today. Alibaba alone already exceeded the online sales around the u. S. Thanksgiving day holiday. Black friday as well as cyber monday. Singles day san antivalentines d
Points. Oil is about the only asset thats not participating today. In our road map this morning tech trifecta, amazon, microsoft beating expectations. And jack dorsey taking onethird of twitter shares and dishing them out to employees. Futures up sharply as Chinas Central Bank cut Interest Rates. Lowered by 25 basis points. Reserve requirement reduced by 50 basis points and comes a day after a rally which included a jump in the dow hints of further easing by the ebc. Look the communist mean business they wont let this economy slow that much more. They are trying to change thing. Were getting hints consumer is spending more in china. Chinese stock market, we used to talk about it every singling day, had a nice rally. Europe, draghidraghi. He manages to get the dollar to soar on just talk. Hes the pied piper of higher stock prices. Last night some quarters that are thinning like the new york mets. I talked to mr. October last night. Saw him at a party. The actual mr. October. Daniel murp
Better performing housing sector . We well, it really feels like a santa claus rally is getting under way. Stocks are up for a third day. As we stand, lets take a look at the numbers. The dow is currently sitting at 17,559. It is not break even get for the year but it is up. The s p 500 is one point in the green for the year. Its crossed over that break even line so many times. Were rich, were rich, were rich. I never thought santa was going to come, and i still believe in santa. Oil soaring. New data showing a big drop in inventories. Crude up more than 4 , about 3. 9 for west texas. Highest levels in more than a week. Gasoline up 5 tracking for its biggest oneday gain since last november. Well, as for chipotle, those shares are edging higher this hour by 0. 2 , but the embattled mexican fast food chain has been taking drastic steps as the restaurants try to contain the e. Coli crisis. Morgan brennan has more details on this. What are they doing . On the heels of the outbreak that sic
Extending the biggest twomonth tumble since 2008. The purchasing Managers Index was 49. 7, down from 50 in july. Anything below 50 indicates a contraction. Lets get straight to the chief asia economics correspondent, in hong kong. What does this data tell us . I guess it shows that there is no autumn out just yet in chinas slowing economy. I will say that these figures have been distorted because factories around beijing in particular have been shut down to try and clear skies ahead of a very important military commemoration this week. There was a big athletics championship run in beijing also over the last few weeks. A fair bit of distortion on these numbers, but at the same time, it illustrates that the policy the rate cuts arent really getting traction just yet from china. The slowdown that is gripping the factory continues. That thisany sign figure has to be taken with a pinch of salt because it has been distorted . They are trying to secondguess whether the economy is going to get
We are actually going to take you inside the airshow. Gettingt, alan mulally together with google, Companies Looking for a partner at the dance, but then again, you get rejected. 20 , confirming. They made an offer to buy time warner. Fox says time warner rejected that offer, and there are no talks going on right now, but they would be willing to pay more than 85 per share for time warner. And time warner in firms they rejected the 21st century fox proposal. And if anyone knows rupert murdoch, this is not over. This is just the opening step, the opening damage. The fact that it was in the New York Times is kind of game on. Pressure and lobbying. We have seen him make audacious things in the past that nobody thought was going to go through, but this is the kind of situation where we are in for a ride here. Theyre going to hear a lot more from him. We are going to hear a lot more from time warner. Toe warner is really going have to justify their strategy. Standing alone as opposed to tak