fire. any other government minister? no. it almost worked out okay. we re back for day two. back by popular demand. parental support has been amazing. thrilled to have you back. ross is out for the rest of the week. we have policemen of news. loads. let s give you a rundown. we ll be examining the latest data out of china. we have a senior chinese economist who will be joining us. he said there s no further rate cuts. judges will consider whether the german president can okay legislation governing europe s bailout fund. research in motion will have a meeting in ontario. how can they face tough competition. and warsaw wins the prize for having the worst traffic problems in europe. find out what other cities are grappling with. just before noon central european show before the end of the show. if it s just before noon central european time just before 11:00 our time. right? also finally we will hone in on norway after the government forces oil workers to s
this is nice. it is nice. welcome to the program. you re not ross westgate. i m not. i m a distinct improvement over ross westgate if you can agree. hope ross is not tuned in on his holiday. hope he s not. we re friends. maybe not any more. i m in for the week. so we have five straight days. he ll come back refreshed and ready to go. plenty to get through today so we ll get right to it. on today s show we re live in brussels where eurozone finance ministers will be live in spain calling on leaders to follow through on their agreements. we re live in farm bureau. we hear from the ceo of raytheon. and how myanmar is opening up to investment opportunities. also apart from alcoa we ll be getting numbers from the likes of chevron and jpmorgan. earnings insight from boston who says financials are highest and energy the lowest for the quarter. and there s fresh evidence that the slow down in the world s second largest economy is continue. china s consumer price a
are slowing. okay, so, we re off to the last trading day of the week. we finished with a bang, and what a week it s already been. i m going to start calling this show anchor exchange. yeah. it s finally to be back here, the two of us hanging out, just like old times. it is. i like it, i like it. and do you like the uncoordinated/coordinated action yesterday that didn t get anybody going? that s what to me was quite amazing, that you had such action from so many global central banks and markets still went, eh, we want more. markets are high this morning. spain in particular. planning to get through, as well. and coming up, we are live from seoul with details on samsung s record quarterly performance. and one of the stocks today that is in focus is listed as a buy. find out what other names he s bullish on. tokyo is where christine lagarde is meeting with the japanese government as finance minister azumi warns the state will run out of money unless law
domestic consuchtion helps its services sector see improved new orders and jobs growth in june. but the latest numbers out of china show weakness in the job market. you re watching worldwide exchange. bringing you business news from outside the globe. so welcome to the show. thanks for joining us on worldwide exchange today. happy holidays if you are in the states as well. we re just looking out for figures from the eu. services pmi numbers for the eurozone as a whole. we ve had some of the broken down numbers. this is the eurozone as a whole. june services pmi came in at 47.1. 47.1. so below that sub 50 level which indicates contraction. but a bit better than had been expected. the forecast was for 46.8. came in at 47.1. also an improvement on last month when we had 46.7 was the reading. so better than expected. and an improvement on last month for the eurozone as a whole. now at 1500 cet or 2:00 p.m. london time, bob diamond will appear in front of the security trea
a $6 billion charge to write down its web business. welcome everybody. yes, our top story this morning. definitely that of barclay as and the ceo bob dimon has stepped down. just one day after he himself announced his own resignation. age he is is going to be leading the search for a new chief executive. this throws up a whole bunch of questions to the market. a lot of questions for barclay s shareholders. the shares, though, incidentally trading higher by 1.3%. initially when they opened, we saw a dip lower. a dip down by 3.2% was the lowest print i saw. before then, reversing and coming back up a little bit. earlier calls showed they might be down as f as much as 10%. somebody getting that wrong obviously. market share hasn t been that. it s been a muted to positive market reaction. the reaction across the rest of the uk banking sector slightly mixed. much of this reaction, though, isn t a direct reaction. it s a broader banking reaction in today s trading session to what