Pasani. For a year, it was oil, dow. Last couple trading sessions weve seen them maybe move in a different direction. Is this something people are talking about on the floor . Yes. Its encouraging that the s p is near the highs of the day with oil generally down for most of the day. There are four things worrying the world. One of them of course is oil. Weve had word that russia and saudi arabia may be agreeing on limiting production. Thats certainly a production freeze. But thats a high level discussion. The other thing is china. The pboc defending the yawn saying unlikely we are going to do serious devaluations. Thats the other thing worrying the world. The third thing is bank in europe and bcd draghi saying they are going to do whatever it takes. Deutsche bank may do some buying back. Thats the third one. Finally, the fed. Nobody said anything at the fed but basically were implying right now no hikes for the rest of the year. So big movements overall. How are traders taking the boun
Sanctions against moscow despite reported push back from the greek government. Russias finance minister says cnbc his country could consider giving Financial Aid. You cant ignore some of the countries that raised this issue. Prices for the euro zone due in the next hour. European markets on the flat line ahead of that data. Flying west and snapping up a 10 stake of iag as they look to strengthen commercial ties. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Welcome to the show. Breaking news from italy, some long awaited positive news. Inflation has fallen. December jobless to 12. 9 . Thats the lowest since august. Novembers reading was 13. 4 . 0. 5 for the month of december has come to 12. 9 . Lets look at the youth number. Italys december youth Unemployment Rate falling to 42 . So not as big of a drop as some were expethctexpecting. Youth unemployment which has been a big concern for italy and one of the reasons for implementing the labor market
The Long Distance participating that desma does from her deployment in afghanistan and later in iraq is heartbreaking, and shes trying to hard to be there for her kids and be a good mother. Anyway, im afraid we have to end there. I want to thank helen thorpe so much for today. Thank you. Prison [applause] thank you. Please dont forget shell be sign ising upstairs. Thanks. The san antonio book festival continues with andrew yang. His book is smart people should build things. [inaudible conversations] im one of the cofounders here in san antonio, and im very pleased to introduce andrew yang who has an amazing story to tell. And, you know, were probably going to do some kind of questions about the book and where youre going, but i wanted to mix things up on you. Normally moderators wait until the end for questions so im going to start at the beginning which is is there anything you guys want to know from andrew . Yell it. Go. I got the impression from looking at the book it focused more o
Above that 16,000 mark for the first time. We did have pretty good volatility in the final hour of trading. Bob pisani has been tracking todays actions. Dow industrials, fairly narrow trading range. 60 points in the dow. I heard a lot of jaw boning over markets being oversold but i dont see a lot of people acting on their displeasure with the markets. Were staying with status quo. Housing releeltd stocks had a great day. Home depot, raised their guidance, a new high for them. Vulcan and masco come out with their numbers tomorrow. Retail stocks, tjx raised their fullyear guidance as well. The one weak group were seeing continues to be high beta names particularly in the internet space. You see netflix, yelp, zillow, groupon, not a lot of news but lift. 3d printers, no news i saw that was out today but thats a significant drop. They have had a great run throughout the year. The only characteristic, high beta as well. Would he get the fmoc minutes tomorrow and a couple of fed officials we
Government scrutiny. The reason, the pentagon, the government officials want to make sure that lenovos purchase will give china a backdoor access to u. S. Secrets. And the white house is angry with samsung after a use of selfie, taken by david ortiz. The slugger signed an endorsement deal with samsung. The company retweeted the picture in an advertisement with more than 5 million followers. The white house has object and to using the president s likeness for commercial purposes. And google is suspending sales of the anoxic alarm. Web nic feature of the of the nest smoke alarm it could take two to three months to fix this problem. Google. Them in january. Technology ipos are hitting wall street. Grubhub and a Cloud Software company both started trading today. The grubhub ceo joint Market Makers and had this to say. Washe reason we did the ipo to gain exposure for the company, to communicate to the world that this was a massive marketplace. There are 70 billion spent annually. Only three