Talked with many people and thoroughly examined the issue from every possible angle. Abe said government estimates suggest if all tariffs are eliminated among tpp member nations, the japanese economy would benefit. An the Prime Minister said now is the last chance to join the talks. He pointed out that the negotiations started two years ago. And he said its clear any rules participants have already agreed upon would be difficult to reverse. Abe stressed japan is for now just joining the talks. He promised to work out an agreement that suits the nations interests and use japans negotiating power to secure for certain sectors such as agriculture. Abe said many countries are opening up their markets including the u. S. , nations in europe and emerging economies in asia. He said if japan misses the opportunity to join the tpp, it will inevitably be left behind. The man who has previously served as general counsel of the office for the United States trade representative made a positive comm
Hello. Welcome to todays edition of worldwide exchange. Im ross westgate. And im kelly evans. Here are your headlines from around the world. Spains gdp contracts for a sixth straight quarter, down more than initially expected as its most troubled lender posts the countrys biggest ever loss. And the finance minister raises taxes on top earners rather than cut spending in an election year. And the eu moves to clamp down on big paychecks in the Banking Sector, looking to cap bonuses on a bankers salary as early as next year. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Okay. Were back. Youre mobiled up and we have some data. Yes. Its such a mobile world, isnt it, in many ways. Lets first talk about whats happening with the german unemployment figures. We were waiting on these. It turns out 6. 9 , that is the unemployment level for germany in january. The unadjusted figure is 7. 4 . Its higher than expected. You can see the forecast was for
You can start voting on these faces beginning next week. Tuesday, it will be the girls. Wednesday, it will be the guys. And then thursday your top 10 will be revealed. That means the other 10 will have to head home. Its a big week in the competition and it begins tuesday at 8 00, oclock central. Judges, thank you very much. Great run here, thank you, everybody, thank you for watching, your local news is next. One more time, your top 20. Good night, everybody. [cheering] friends and family light candles at the spot with a man was fatally shot today. Tonight theyre questioning whether his attacker was released too quickly out of jail or the hospital. Good evening im frank somerville. And im julie haener. Deborah villalon is live now where some are saying the attacker may have been an Early Release inmate. Reporter this neighborhood is not high crime and you can see that tonight theres a small memorial to the young man who lost his life here. Everybody loved him. Everybody everybody loved
Welcome back. Time for the last word. Jim chanos is our guest today. We started out talking about china. Why dont we end up there, too . Avoid anything with the chinese property markets, steel, cement, iron ore. Can you short australia too, jim . Certain parts of australia are going to feel this, not the whole country. This is the bubble is just being blown bigger and bigger and bigger and it is hard to avoid. Three years ago this was somewhat controversial but when a property bubble is visual, you cant miss it. Emerging markets somewhat dependent on china, too . Asia . Depends. Some are. Some less so than others. To be on your radar screen. Should just be careful, anything dependent upon the chinese economic miracle, i would be careful of. Bigger shorts on, stuff we have been talking about for years . Broadening out from china to construction equipment, things like that. Jim, thank you very much for being here in studio. Always a pleasure. Andrew, jeremy siegel, thank you guys so much
Todays top story, theres only one. The dow rallied more than 300 points in the last two sez sessions. The blue chip index is now within 89 points of its alltime record rose. Europe is seeing a lot of green in early action, as well, on thursday. February 28th, 2013, squawk box begins right now. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Our guest host this hour is sentinel president and ceo christian swake. Good morning. Thank you for being here and joining us. As you said, it is a good day to here be here. Weve been watching the u. S. Equity futures because of all the actions yesterday. This morning, you did see a few green arrows, but no massive move at this point. The magic number is 14,164. 53. That is the record closing high for the dow. It was reached back on october of 2007. The bulls a number of catalysts for mondays sharp sell down. Some are calling this the bernanke bounce. The stocks soared after the twoday testimony on ca