And mortgage apps. Keep your eye on gold if youre looking for clues about the fed. We did dip below 1,300 this morning. Just hours away, is the taper finally upon us . Well break down what it means for the markets. And the reviews are in. Words such as gorgeous and game changer being used for apples new operating system and the new verse of the iphone. But will it help the stock . Fedex beating expectations. Up more than 3 in premarket trading. And starbucks asking customers to please leave your guns at home. The ceo saying firearms are not banned in the stores but theyre not welcome either. Apple unveils its new ios operating system today, included in the 5s and 5c. Those phones will become available on friday. The reviews are in. Walt of the wall street journal says the new 5s is a delight, its hardware and software make it the best smartphone on the market. And from the times, its genuinely awesome. The haters can go jump off a pier. And ed, who will join us later on, taken in total
Italian bonds and shares following after cabinet leaders, Silvia Berlusconi threatens a new election. Well talk with ross westgate. Hsbc purchasing Managers Index is showing growth. It has been below expectation. Thats three big stories for a monday morning, joe. All of them probably more important than any merger that could happen on a merger monday. 6 beltway ben. I think hell have an answer. Hell have an answer. Redskins won finally. Redskins won finally. Can we take a look. Do we have the stock of gray matters by the way . Are you pumping another one of your pieces . I dont want to talk breaking bad at all if we can avoid it. Do you think the stock may be up or down . I dont know. I dont know where it will be this morning. I dont have an article about it. Given what it must be something to do with gray matter and the final episode which i havent seen. I mean, i saw the daily news which says dont say it. Its on the front page. You should not spoil it. Its on the front page. For peop
Event in brazil, the world cup. And iconic italian team thinks about a sale. The big business. Hiring freeze. Tomorrows jobs report looks like it could be awful. Why jack frost might be the most important player in the American Labor market. Good morning, thursday in new york city. You are watching Market Makers, i am Erik Schatzker. I am Stephanie Ruhle, jack frost i hate you. Out there. Were going to take you to the newsfeed. Top business stories around the world. The u. S. Imposing some sanctions in the wake of russia s oteri moves in ukraine. The Obama Administration issued bans on individuals threatening ukraines sovereignty. Ares of costco following, posting a quarterly profit that missed estimates. Costco cut prices to attract shoppers and that hurt. Being cuts coming at staples, the Worlds Largest Office Supply chain plans to close stores in north america. Staples faces competition from retailers such as amazon. Usa might be off the trading block. The ceo of Deutsche Telekom to
As well. Basic resources leading the way. Gold initially striekd by more than 4 on the back of the fed. And a no taper move translate into the emerging markets. Currencies like the rupee surge in countries like thailand and indonesia. And stocks get the eurozone, more protests expected in greece after the murder of a 34yearold rapper brought violent clashes. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. All right. Were up and running here on Worldwide Exchange. Big Global Reaction to the fed. It says its not ready to cut back just yet, deciding not to taper its massive Bond Buying Program the markets had been expecting. In its statement, the fed cited tightening Financial Conditions that could hurt the u. S. Economy and labor market. The fomc notice dollars the impact of rising Mortgage Rates which have surged since the fed hinted this summer that it might trim its bond purchases. The Federal Reserve blamed washington for moving towards
Strong sales in china host a better than expected pretax profit. Shares up more than 5 in early trade. And just a week ago, it was unthinkable. But the sailing team backed by Larry Ellison overcomes the most probable odds to claim victory as winning the americas cup. Well talk about the americas cup a little bit later. 81 down and they win 98. 54 is where we stand on the down jones stoxx 600. We had losses for the u. S. Markets down, s p down for five straight days. Fairly flat on the if it is ft. Right now. Really, what were seeing in the last few days is directionless trading and a slow edge downwards. Ftse 100 flat. Xetra dax down 0. 2 . Cac 40 off 0. 3 . H m sales up 6. 4 . Pretax profits for the quarter 5. 8 billion pounds. Alcatel lucent up 6. 36 . Tui travel, up about 1. 35 today. The company lifted its full year profit forecast. The group, which owns the thompson and first choice brand saying that Strong Demand in its british markets will help push it to an operating growth of