Osborne may have reason to gloat. And chinas Financial Institutions are warning against trading bitcoins as the bank admits while there are risks, it could still use the currency. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. A warm welcome to the program. The government has just unveiled an 18. 6 trillion yen stimulus package which includes 5. 5 trillion yen in fresh spending measures. This is to offset the accuracy in the sales tax which is coming in in april which raises the rate effectively from 8 to 5 . It follows the unveiling of a 10. 3 trillion package back in january. A number of measures will be expected as far as this package is concerned. Particularly for those on the lower income as well. We will get those measures as soon as they are announced in detail. Also coming up on todays show, hopes fade at wto talks as food sebsydys remain the Sticking Point. Well be in bali to get the latest on the push for a trade deal. No
Turkeys central bank hiking all of its key Interest Rates. Policymakers ignoring the warning if it is Prime Minister as they battle to defend the overnight lending rates. That was a much sharmer move thats economists have been forecasting. Also the imfs top financial counselor says the recent volatility in World Markets is due to problems in particular world countries and is not linked to the feds decision to start tapering. The imf officials argue that the fed is acting prudently. And speaking of the u. S. Central bank, fed is wrapping up its twoday meeting this afternoon. This as Ben Bernankes final meeting as chairman. That policy announcement is due at 2 00 p. M. Eastern time. Will they or wont they taper the taper . That is the question today. The u. S. Equity futures are indicated higher. In large part because of what happened in turkey overnight. You can see right now those dow futures are up by about 26 points. The s p futures up by just over 2. 5 points and the nasdaq futures
Legalized, dont expect a scent subsidy and pay every tax imaginable. And in ten years forget about bringing your brothers or sisters because those are gone. Then if that wasnt enough 20,000 more Border Patrol agents. But its worth it what youre doing. What were doing is worth it. I want to extend another hand to the other side of the aisle to say all of those things i dont like them, but im ready to accept them because the alternative is the kind of pain that you hear that young lady. And you have to multiply what they said here millions of times. I want you to think of those millions of tears every day, the pain and devastation that exist in our community. Thank you for the personal testimony and for humanizing this issue for all of us. Thats going to help inform this committee better than any statistics ever can. I thank the gentleman from illinois. The chair recognizes the gentleman from idaho. Thank you mr. Chairman. Mentally greed veem with one thing and that is my mom is the best
Good morning and welcome to march. Stocks try to finish the week with a climbing to record highs after, oh, a brief weakness yesterday into the close. The sequester deadline finally arrives with no compromise in sight. Plus, in Corporate News, groupon out. Its ceo and in an unusual cliff, wait until you hear the email that andrew mason sent to employees announcing his own firing. Ill ask ben white if politico got this email, too. Its friday, march 1st, 2013. Squawk box begins right now. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Our guest host this hour is zach carabell. Also ben white who is politico chief economic correspondent. Gentlemen, welcome to both of you. Thank you for getting up early. It is a grait great day to have you both with us. Were talking about the wall street situation and washington. We have stocks and the sequester, the s p coming off its fourth straight month of gains. If you take a l
To exempt themselves from the law that you are attached to enforce . I dont want to speak i can speak for myself. I can stay with the current policy i am pleased with rather than going through a change if i dont need to go through a change. At the white house carney asked about staffers who dont want to have to live under obama care and are trying to get out of it. I think this is something that i would refer you to congress on. We are clearly about the business of implementing the law that congress wrote and passed. His own people dont want it like it is cooties. These people have the best Health Care Coverage in america, people in administration on capitol hill give themselves everything. Of course they dont want to go to something. You know what, they are not the only people that feel this way. Look at the union. You know what the health bill is . You ever go to the gas station late at night and that rotating machine of hot dogs and that one hot dog, that is the health care bill. Ev