The lows of the session. Now, the nasdaq remains the outperform of the day. The dow and s p are both down 1 2 of 1 . I was looking at the biggest drags on the s p. We see verizon as the biggest drag, the Company Coming out with earnings that matched estimates. It says secondquarter earnings might be deeper. Those shares down 4 . At t also down, along with verizon. Koch falling for the second day after coming out with its earnings report. Going all the way back to 2009, on concerns about a secular decline in the soda business. We are also looking at qualcomm, and the Ripple Effect it is having on apple. Commentsording to some that qualcomm made, are being interpreted by analysts as saying apple might be going in a new direction for an iphone component that connects it to the internet. That is something that qualcomm makes for apple. Apple is also lower. Raymond james saying that iphone unit estimates for june and september, those two quarters, will be lower than previously estimated bec
London. I have a chart here of the shanghai composite index from the last three days. It shows the weakness coming from the asian session. Around this china story. Industrial output is below estimates. All of that initially got the market thinking that maybe the Chinese Government will give more stimulus. But that be a good thing . We are now seeing some weakness coming through. It is moving a little bit lower, the shanghai composite. Lets put that into context. What does that mean for the rest of the asian trading day. Lets get to asia. A precipitous drop here. You showed the charge. Here it is again. Here is the shanghai composite. Check this out. A 3 drop and it has played out over the morning. Over two hours this point. We started the day higher on the shanghai composite and in hong kong which was at one point leading gains across the asiapacific. As investors noted the latest industrial output figure, what we realized is that this picture in china is not as strong as some may thin
Conducts more air strikes putting pressure on donetsk. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. A warm welcome to Worldwide Exchange. Heres whats coming up on todays show, a gold rush to cut costs. This is australias second biggest gold mine in the country. Also, could a political crisis in bulgaria be putting the trouble of ktb in doubt . And as investors await michael kors earnings, we learn what could be killing the handbag brand . Portugal unveiled a rescue plan protecting taxpayers to leave junior bondholders carrying the can. The countrys biggest lender will be split into a good bank and a bad box holding the toxic assets linked to the business empire. The bs shares are currently suspended after a record 3. 6 billion euro loss was posted last week. The European Mission says the bailout is in line with the eu state rules. To shares in pierre, we are looking at the beginning of the session this morning with Portugal Telecom shares under w
Forecast of 107. 3. The expectations, again, was also better, the consensus was about 104, came in at 106. 3. Euros back up to the best levels of the session against the dollar on the back at 1. 1. 3519. Bund futures also extending losses after that data as well. While we listen in on mr. Draghi, Quick Reaction on that from ricardo. Weve seen germany outpacing the rest of europe. Still continuing. Yes, looks like things are picking up a bit. We saw it yesterday from the pmi as well. Both manufacturing and services. It will be interesting to see if there is their Service Sector survey improved in november. I think it did improve in november. So, we have much better conditions, and that actually supports my own expectation, which is that germany will see a Significant Growth pickup in the next few years. Im forecasting 1. 7 growth from next year, 2. 5 for 2015. Mr. Draghi is making point we have to set Monetary Policy for the full year. And the next two components of that, france, the ec
The us. Well these ancient stable pro quo and unsustainable growth in east asia this year. Welsh artist hes so good. Yes she has the capacity to just dump a process in china. I seem to be launched into two types stokes combo tech shares in the storm didnt cut down the nikkei climbed one point seven percent. Well come to this edition of his age on sas to the news on two people engaging developing countries in East Asia Pacific region will see stable growth this year will advance as it is these asia pacific in long update released today that the regions e coli in the colony is posted by a recovery in developed countries and Marcus Morris response to the fence to be tapering so stop developing east asia will grow by seven point one percent is he a largely on change from two thousand thirteen the vocalists as as result is danger remains the post is growing region in the boat despite the slowdown from the average growth rate of eight percent from two thousand ninety pound fourteen in china