A mega storm is brewing, and im not talking about the weather system hitting americas northeast, im talking about a Storm Brewing in europes southeast that may be felt around the world. Greeces Prime Minister sworn in today. Repeated pledges to renegotiate a 269 billion bailout package. In that will put his country on a collision course with creditors from the European Union and the International Monetary fund. Voters swept in his ultra Leftwing Party to a near absolute majority in parliament. In doing so the greeks gave a big thumbs down to their governments crushing austerity measures in place since then 2010 bailout. In that time the Greek Economy has shrunk by 25 . Other countries recovered later in the day. Markets fear that little greece will send outsized shock waves throughout europe especially if greece is forced out of the euro to enzone. For more on greece east new Prime Minister and his road ahead, Barnaby Phillips has this report. Reporter he is leading a social revolution
Into what this means for disneys business as well as their plan to groom a successor. The muchhyped ipo has come crashing back to earth, shares fell about 12 after opening at the top of the range. Is it the german companys Business Model which is replicating u. S. Websites like airbnb and pinterest that has investors concerned . It has been a magical one for disney and bob iger as the chairman and ceo. Now, it is poised to continue as eiger continues his retirement. He was given a twoyear contract to remain on the job until 2018 which will give time for disney to pick a chief executive officer. Annual revenue has grown from 32,000,000,002 45 billion angst to Properties Like espn, hit movies like frozen. Fromnual revenue has grown 45 milliono Properties Like espn, hit movies like frozen. As much time of his as they can get, the better for the company. Of course, he has a great bench under him. I am pretty bullish on this company. Theres been so much talk about who would replace him, it
West was quote where we cover innovation, technology and the future of business. U. S. Stocks closing today higher with some modest gains. The big news came out of europe this morning where the ecb is discussing a new 1. 1 trillion euro stimulus to boost the euro zone economy. Here is tony blair speaking to bloomberg in dominoes. What is necessary for the eurozone is a coming together around a popular a proper stimulus combined with a profound structure reform its the only longterm route to competitiveness and the only way to give credibility to any macro measures such as the European Central bank might take. The stimulus measures are not a done deal. The plan faces an intense debate with the ecb governing council. The cuts will hit the company big time taking a 313 million fall already. Meanwhile, fourthquarter sales dropped and net income is up 11 . The microsoft ceo issuing a preview of what they are calling windows 10. Its a new web browser they are calling project spartan. They al
Cboe volatility index . It has awakened now from its slumber. If you played it today, the etf that tracks the bix, you are up 2 . Were also tracking the euro as the march to dollar parody marches on. Now just 1. 10 to buy a euro. Then there is the weather. Just when you thought it was safe to think spring well think again. A serious snowstorm is about to hit the east. Winter storm thor its called. Its epic. Chris hemsworth. Im distracted now. We mentioned the eurodollar trade. The dollar index at its highest point since september of 2003. Good for you. If are you going to europe. On this down day, we got Bertha Coombs at the nasdaq. First to mary and hi mare. As you said the nasdaq or the margin advisory come well off their lows. Its another modest volume session. What we are seeing is an interesting move among the traditional defensive sectors. The drug group, health care group, getting a bid. Thats one of the reasons we see the markets pair their losses todays. Take a look at the hos
They said that they will provide an update on monday. This comes days after apple removed a popular big point will app. Bitcoin wallet cory johnson is with me now, and matt miller. Of theskype is the ceo bitcoin wallet. What is going on . This gets to the fundamental issue about bitcoin. It is not about transparency. It is about whether you can get your money in or out. Trading is still going on. Withdrawals have been halted. Offundamentally, the success mt. Gox is one of many places where the client is exchanged. I have to disagree. I hear a voice. This is not about a fundamental issue involving decline. Decline bitcoin. This is an issue with one of the exchanges. It has nothing to do with the fundamentals of the decline bitcoin source code. It is just a place in japan where people do most of the trading. Let me make the comparison. Stock exchange that had to stop trading, it does not say anything about stocks. Technically that is true. Important that some of the traits can no longer