But s p giving russia a lump of coal. The s p warnings theres a 50 chance it will downgrade moscow to junk. Its the gift that keeps on giving. Shares of nestle topping speculation that the u. S. Company striker will finally make a bid for the medical devicemaker in a couple of weeks. The white house welcomes sonys decision to release the interview saying it allows people to make their own choices about the film. Hi, everybody. Welcome. The 24th of disease. Can you believe it . It went by so fast. And here we are. It is christmas for a number of other countries in europe. So Merry Christmas. And if youre at home and not at your trading desk, this record continues to hit new record highs. The dow breaking 18,000. What a milestone. I know. And i think heading into this year, many were maybe anticipating it was going to be a good year, but not anticipating the volatility weve seen in the second half. We talk about this every year and every year at about this time, theres the factor and the
Airline outperforms rivals proposing a special dividend for shareholders. And european car sales continue to reboind. Renault and toyota leading the way. Daimler gains ground on its luxury peers. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Okay. A warm welcome to todays Worldwide Exchange. Were an hour into the session here in europe. You can see stocks in the red, 9 to 1 decliners outpacing advancers just about on the Dow Jones Stoxx 600. We are at the lows of the session, albeit only 60 minutes in. Speaking at the reuterss Global Investment summit, carl icahn says valuations are rich. Later on on his website, carl icahn elaborated saying while hes concerned about market levels, its almost impossible to predict whats going to happen in the shortterm. So he says at times like this, he hedges his investment to some extent and icahn says picking up shortterm moves is market is predicting how many sevens the hot dice player will continue
Frans 10year yields, spain is at 2. 88. Just to put that in perspective. Rates are way too high in this country. Im not kidding. Talk to frank blake, home depot. Look at europe at this time, kind of a mixed bag. Stocks started with small gains off the lows, about flat, lets call it in a lot of different ones. Not a lot of news out of europe this morning. Consumer staples, basic resources, health care lagging, financial services, banks, media and telecoms up. Our road map and it does start with the markets. Looking to make history, the s p aiming for another record high. Weve got earnings from Toll Brothers and michael kors, adding to what has been positive sentiment. Lots of buzz at the code conference surrounding googles driveless car. Carl is at the event and he is going to fill you in. M a also in the spotlight as it has been lately. Valeant increases its offer for allergan. Ge making its case to the french for why it should be allowed to buy al sted. Futures on the high after the s
Issue basically in france right now, 11 unemployment. Japan suffers the first negative effect of the sales tax hike in april. Retail sales in the country fell at their fastest pace in three years. Youre watching worldwide exchange. Bringing you Business News from around the globe. A warm welcome again to todays edition of worldwide exchange. Lets get to one of our top stories straight away. Apple is buying beats electronics for 3 billion to boost its music business. Streaming services encroach on itunes. Apple doesnt only gets beats streaming service and its market leading highend head phones but high profile talent. Beats cofounder jimmy ivin and dr. Dre, too. Now, apple expects the deal to close in its fiscal Fourth Quarter. Tim cook tweeted this photo, saying, sharing a laugh with jimmy and dre. Interestingly for apple here, what do you think of it . I think its an interesting move. Because over the sort of past 20 years apple has been very much seen as a product innovator. And this
Almost for the year, july of 2013 that we hadnt seen this and then took that up. 244, takes your breath away if youre a bond nerd at least. Our road map this morning starts with that long awaited acquisition apple buying beats music about expensive hardware, streaming music and mr. I owe veen and dr. Dre getting desks. Sound from the code conference coming up. A fourway food fight. An allout bidding war for hillshire. Tyson makes an overthetop bid after pilgrims pride offer earlier in the week the catch, hillshires own bid for pinnacle, come on. Thats over and done with. The u. S. Economy shrinking by 1 in the First Quarter. A bad gdp number but a fourday win streak. That was also snapped. Lets begin with carl, he is at the code conference and lets get more on this apple beats deal, a deal we heard about a couple weeks ago that came together i guess late yesterday, carl. Thats right, david, called the most scrutinized it tech deal in recent memory and even though it is apples biggest d