Century. The original copy. Apple is talking to hollywood executives about creating its own shows in a bid to compete with netflix. This after announcing a tie up with cisco. Now it was the worst month for the s p since may of 2012. The dow since may 2010 and the biggest gain for the volatility index back to 1990 and as you can see that volatility may continue into september. Were now looking at the Dow Jones Industrial in premarket trade down nearly 400 points. A big move. The s p 500 down about 49 and the nasdaq down about 113. This as Oil Prices Continue to move lower after that big rally that we saw over the past three trading sessions. Want to point your attention to whats happening here in europe in the month of august. European stocks suffering the biggest loss since august 2010 and here in september were starting the month off on a down note. Were looking at the xetra dax seen as the power house down about 300 points. We got the disappointing data from asia. Telling economists
Welcome to countdown this friday morning. Happy friday, everybody. Also coming up on the program, if you cannot face the morning commute on a crowded train, join me on a trip that puts you in the lap of luxury. No worries about getting a seat on the service. This is coming up later. Should we talk about tax and luxembourg . ToJeanclaude Juncker seems be taking a little bit in the press in terms of what is going on with luxembourg. That is whats, might be the title for someone making phones today. This was an investigation by independent journalist that came up with detail and hundreds accompanies that have allegedly to save tax and luxembourg. We have a collection of news organizations, a Investigative Group and i came up with quite some salacious details about the special rates that individual companies were getting to actually cut taxes and have their own personal tax deal in sign of luxembourg. The question is the nexus and the role that we have from Jeanclaude Juncker because many
Future of orange as it closes in on its ee deal. Vodafone reports Third Quarter results in the next hour. Mark welcome to countdown. Anna coming up, bill gates reduces his stake in truck microsoft to 3 as against 1. 5 billion of stock to his foundation. Mark frances biggest banks earnings for the previous quarter. Net income rising to 1. 3 billion euros from 110 Million Euros per year. That is when the bank set aside money for legal costs. That 1. 3 billion euro figure just below the 1. 4 billion average that analysts conveyed. Escalating levees on europes biggest banks will dent 2016 that income by 500 Million Euros. That will endanger the profitability target once more. The economic recovery is winker weaker than the bank had foreseen and Interest Rates are lower. On the dividend front, bnp will pay 1. 5 euros per share for 2014. That is unchanged. It did maintain the payout even though annual net income fell by 97 . It is the lowest since the bank was created by a merger in 2000. Bn
In august, we ask if beijings growing debt pile is one of the worlds biggest risks. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Hello, everybody. Good morning. Welcome to Worldwide Exchange. A new face on cnbc. Its all very exciting here this morning. Wilfred, welcome. Thank you very much. Tell us about yourself. I decided recently to take the step into television. Im very excited about it and looking forward to the two hours. And youre english. Indeed, very much so. With a name like wilfred, i would say so. Youre from england. Yes. The last five years ive been working to follow into my fathers footsteps to be in television. Its a pleasure already and we look forward to getting to know you more. Well, thank you very much. Russias foreign minister says they will look for further sanctions following a summit over the weekend. Lavrov also said in talks later today between kiev and moscow should seek an immediate ceasefire. Meanwhile, u. S. Lawmaker
Of living. The research on standard of living shows unambiguously that trade is great for these reasons. I just make two observations. Trade is great when say, japan is in recession. Japan is a huge economy. If japan werent in recession, it would be a huge economy plus 3 . So the returns arent that different no matter whats going on with japans Business Cycle or any of our trading partners. The second is i think to the extent the world is becoming more chaotic, what does this mean about the returns to trade . I think arg automobilely that raises the returns to trade. We are a world with greater shared interest and this is where formal trade becomes a policy as well. There is greater trade with our neighbors when we have deeper linkages with them, and putting it more bluntly in terms of Foreign Policy, we had a huge effect in russia because we used to trade in russia and sanctions have been quite effective. I think there have been Foreign Policy issues on the table as well. Those are re