Fed and personal income as well as personal spending data. We will give you those numbers. 9 55 a. M. , university of michigans Consumer Confidence numbers. Facebook starts its first day of trading in the s p 500. That is something you have heard about and prepare for last week. It becomes official now, you will see it in the listings. It is the 100th anniversary of the federal reserve. After that topsecret, 1913 meeting on jekyll island. I have been to jekyll island, is very interesting. Another institution is making news. Not the fed, the imf. Raising its forecast for it u. S. Growth. You can see that reflected in u. S. Futures and around the world. Futures up 7 points on s p, about 0. 5 gain. Same on nasdaq and dow. We are seeing the grind higher for bond yields, 2. 9 on the back of fed taper. Chinr taking it on the against most currencies. Crude oil falling, it has been an uptrend. That has an effect. Looking at the price of gasoline. Cents over the last week. I knew i paid more. G
Hello. Welcome to todays edition of Worldwide Exchange. Im ross westgate. These are the headlines. Markets pull back from 20month highs. A relief rally wanes out of a battle over the spending cuts and the debt ceiling. Investors will start turning their attention away from this weeks key Economic Data. We get a preview with the adp today. And another shot in the arm for chinas economic recovery. Services sector growth is at a fourmonth high in december thanks to the boost from construction work. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Okay. Warm welcome to you. Its thursday, july the january the 3rd and well just recovering a little bit after yesterdays rally. Germans december adjusted jobless rate, 6. 9 from novembers figure. And as forecast. Thats where we stand at the moment. After very strong rallies yesterday, dow 2. 64 . European markets up 3 . Something more of a pause today. Lets bring you straight up to how we check in asi
Deals with china. The oil major is expected to unveil mostly billion ton deals to supply staff to china. Mitsubishi launch their takeover proposals for the firm. The french president prepares to meet the ceos of the two firms in a few minutes. And another recall for gm. The troubled automaker takes another 3. 5 million cars off the road for faulty ignition switches. Youre watching worldwide exchange, bringing you Business News from around the globe. Welcome, again, to worldwide exchange. Lets get straight to our top story today. American troops are going back into iraq. The white house announced its deploying up to 275 million personnel to provide security to the embassy in baghdad and other u. S. Interests in the country. The Iraqi Military has so far managed to curtail the sunni rebelled pushed towards baghdad with continuing to consolidate their strong hold on the northwest of the country. The u. S. Says its open to iran over what measures it can take. John kerry said discussions di
Stocks in the ukraine in the call between Angela Merkel and the president. This following pro and antirussian ral lies in kiev. And the biggest banana producer. Chiquita is merging to create a billiondollar fruit giant. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Hello and welcome to the first Worldwide Exchange of the week. And for those of you in the u. S. And asia, for the next three weeks, youll only be seeing one hour of the good stuff as the u. S. Has now switched to daylight savings. You used to be able to see the twohour program, but good morning to everybody in north america if you are just joining us. Well start your Global Trading week. The leading story today is the continuing search for clues on the disappearance of malaysia air flight 370. In the last few minutes, the vietnamese rescue Team Investigating reports of a yellow object floating out at sea have said it is not a plane life raft. This is investigators that still have not f
Boeings flight plan, the Aerospace Giant heads to washington today to pitch the faa on a plan for fixing the dreamliners battery problem. Tech toughness, shares of Hewlett Packard getting a boost on a better than expected quart ily report and upbeat guidance. Plus, a key election in italy. Not the pope yet. Thats coming, though. The outcome is anything but certain and the Global Markets are paying close attention. Its friday, february 22nd, 2013 and squawk box begins right now. Good morning, everybody. Happy friday. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Keeping an eye on the u. S. Equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. Thats a gain of 50 points above fair value. The s p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. Among the key Market Drivers