And hollande calls the bid for alston unacceptable and focusing on Getting Better offers if the firm. A warm welcome to todays program. Plenty to get through in the Corporate News front. Well be focusing on the bank sectors. But before that, we have the final print of the eurozone pmis. And they have come in at 53. 1. They were forecast at 53. 1. But its the highest since june 2011. Com miss composite 54, german 53, forecast at 55. Italian april surface pmi, 51. 1, and that was forecast at 50. 2. French services pmi, 50. 4. So again the two economies most concerned about coming into the beginning of the year showing continue rebound. Eurodollar up to 139. 20. Up to the best levels of the session. In fact were up to nearly the highest in three weeks. Joining us with his you views and for the first part of the show today, tim hayward, head of fixed income. Another sign of increasing activity in the economies weve been most worried about. Spanish yields now below 3 for the first im time i
We have france off by 0. 5 , ftse off by more than 0. 5 as well. France, you will see it falling to 47. 3. Contraction in france. We are expecting manufacturing to contract in germany as well. We are expecting the eurozone to see the first contraction in manufacturing for more than a year. In the united states, it is all rosy. Plenty of growth in u. S. Manufacturing. Lets have a look at how the fx markets are doing. The new Zealand Dollar is trading lower, falling the most in three weeks. Inflation at the bottom end of their target range. On the up, it is the dollar. Pimco and big investing groups are saying it is a nobrainer, by the dollar. They say everyone is going to be buying u. S. Treasuries. If you are an international investor, the only security is the u. S. Treasury. They are getting out of italy, getting out of spain, getting out of germany. That is why pimco says it is a nobrainer to buy the dollar. The germans, spaniards are putting their money into u. S. Treasuries. We wil
This morning after the dow and the s p toastposted their best gains of the year. And carl icahn said one company has the worst Corporate Governance hes ever seen and Steve Ballmer making his first address since leaving microsoft, he did not disappoint coming to you later this hour. But first up well start with the markets, stocks coming off a record session, the s p a record high and the dow and the s p having their best day since december 18th. And adp showed the economy created fewer private sector jobs in february as the cold weather restrains hiring. You said the data has been okay. The durables and the chicago pmis have been all right. We have great data out of europe pmi. How could the economy be good and stocks be good and employment be bad . The economy is not necessarily good its delivering but with the employment weaker and the macromanufacturing come out and continue to amaze and the Mortgage Application number this morning that is strong. If you get russia off the business
Jump despite posting a drop unanimousul profit. The lender says its current performance momentum is better dhan last year. The lender slashes its fwoenus pool by 15 . And todays u. S. Adp report could show hiring in the u. S. Sector slowed last month. This as Winter Weather continues to have the job growth. Youre watching worldwide exchange, bringing you Business News from around the globe. More cautious sentiment as far as the european markets are concerned this morning, despite ongoing signs of improvement of dialogue as far as the ukrainian russia situation is concerned. Pretty evenly split on the stoxx europe 600 this morning. You did see a contraction as far as the French Services pmi. The concern, at an eightmonth low there. The best data seen in germany since june 2011. Mixed performance in the markets this morning. The ftse 100 just 0. 1 lower. Relatively unchanged for the german and french markets. A little tentative trade on the ftse mib, up 0. 5 . Let me give you a picture a
Here. None of his topics are facebook or twitter. He says social media stocks are out of control and should be out of your portfolio. Also get a read on the economy ahead of fridays key jobs report and thats with bob nardelli. Hes a little worried and hes here exclusively to tell us why. And United Airlines launching a crackdown on carryon luggage. Well have a special report ahead. And in the markets right now as mentioned, the dow is off 40 points. The s p 500 is now slightly negative 1,872 as we head to the final hour. Joining us in our closing bell exchange, its susanc fulton, nathan bachrach, steve fitzgerald, david kudlow, our own Steve Liesman and Rick Santelli. Steve, ill begin with you. What did the beige book tell us that seemed to confirm what everyone has been talking about, that one word thats dominated for the last two months, weather. I feel like i got hit with another storm. It got down to minus ten. The beige book mentions the word weather 119 times according to the wo