Washington correspondent, peter cook and john kerrys diplomatic trip to ukraine. Our peace efforts yielding any results so far . Right now, he might be more of a side player in all of this. Hes not the only foreign visitor trying to forge a medic solution. At this hour, german chancellor Angela Merkel and the french president are in kiev and they brought with them a new ceasefire initiative. They did not provide details on the proposal itself. They had next to moscow to meet with Vladimir Putin directly who has offered up his own peace plan. This is their response and this will be Angela Merkels first visit to russia since 2013 with a goal to end the violence between the Government Forces and russian backed separatists. Fighting has escalated as the rebels mounted a new offensive stop the conflict has claimed more than 5000 lives. In his own meetings today, kerry says russian russia needs to ds goalie crisis. Russia and me separatists are seizing more territory, terrorizing more citize
No. Its not that we dont need the money. We are desperate because of certain commitments and liabilities that we have. They are promising to stick by financial obligations. The president will unveil his budget today. He wants a minimum 19 tax on future foreign earnings of usbased companies in addition to a 14 tax on 2 trillion in a stockpiled offs our offshore pilots. That is according to the near times. The Ukraine Forces have had recent setbacks. Nato is asking the United States for weapons and equipment. John kerry will visit the country on a thursday. Refineries are dealing with the biggest strike since 1980. They stop work sunday at nine sites after failing to agree on a labor contract. They had no choice. They rejected five contract offers made by royal dutch shell. After to exempt talking, they finally plate played and it was a big game. It ended with a late interception as the patriots won their fourth super bowl title. They barely beat the seattle seahawks. It couldve gone eit
We are waiting for that to open. China the market has shaken up the contraction, the worst in two years. A wave of european manufacturing. Greek remarks trying to women them elves off a drug addiction in terms of trying to wean themselves all of a drug addiction in terms of cash. Individual names who wouldve thought that tarmac and cemented would be so interesting. Paying 6. 5 billion euros for lafage. Issuing Share Capital they are introducing some new debt a use a little bit of cash. The market the likes it. They like what do they are hearing. Lafurge is up 0. 6 . We will see where it goes. A couple of other individual stocks we are keeping an eye on. We had julius baer, and the ceo interview and he talked about euro swiss having 105 to 110 would not to be bad. Ryan air is dying and that was the bestperforming Airline Stock in 2014. You have the buyback and secondhalf profit as a postal a loss of the year before. They are saying their affairs and dropped. Said to have profit as oppos
The month. David is here with the reaction. It is not very good so far. Certainly, we are continuing to see the headwinds from wall street friday. The gdp number that came out for the fourth quarter, not exactly the most ideal. A drop of 5 to 2. 6 picked 2. 6 . That is what asia basically woke up to. Kicking off a new trading month, take a look at what is happening with the nikkei 225. I will get to why a lot of these stocks rising. We are down about 1 . Dollaryen at a threeweek low. The yen is stronger against its u. S. Counterpart, despite the fact we have the u. S. Dollar strengthening against most other currencies. Some safe haven plays. A lot of ecodata coming out. China adding to the woes pmi unexpectedly drop into 49. 8. We were expecting to see a slowdown. Data suggest that the first quarter, we will see a little bit of pain in china. South korea, we are flat right now. The trade surplus falling. We are looking at 7. 2 billion, still a hefty amount for the current account. Of c
Northeast storms wreaking havoc. Details ahead. First, though, over to sue. Shes here at cnbc hq. As you know its a new trading month, but the volatility continues, and the dow has been both up and down. Triple digits today. You can basically call that flat. In terms of Interest Rates, the yield on the tenyear note right now is 1. 664 . Brent crude firming up a little bit. West texas intermediate is up about 1. We have ice brent up better than 2 on the trading session. Bob pasani is here to flush that out for us on the nyse floor. Bob. You are absolutely right. New month, but same pattern. That is more volatility. The s p moving the 30 point range today, and were not even over yet. Take a look at the Dow Jones Industrial average. That also moving to the 200 point range. This has been happening all throughout this year. Average last year the dow from a high to a low on a daily basis. About 125 points. Volatility continuing. Ism manufacturing for january, well, it was still showing growt