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Placed under investigation. Jamie dimon says he will continue his work at the bank after being diagnosed with throat cancer. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm welcome to todays edition of Worldwide Exchange. On todays show, under pressure, s p has warned argentina it could get a default rating if it doesnt pay its half a billion Interest Payment within the next 28 days. Well be discussing later on in the show. The u. S. May have been knocked out, but tech giant google is still looking to win big inside the world cup. We take a look inside googles board room. And finally, 200 protectors are arrested in hong kong as pro democracy demonstrations break new records. All that and more coming up on Worldwide Exchange. Well, as i was saying just then, a bit of consolidation right now in the European Equity markets. We see the stoxx europe 600 up and we saw gains 0. 7 to 0. 8 yesterday. That was more pmi data. It was the u. S. Se
Coming up in moments. Sprint shares lower in premarket trading this morning. Wider than expected loss, lowering of guidance and loss of subscribers, plus job cuts. Shares of michael kors down premarket after Holiday Quarter guidance comes in below street expectations. Alibaba reporting quarterly profit 45 cents a share in line with estimates. Shares of alibaba have risen 50 since the september ipo. As we said, we are moments away from a live interview with alibabas executive vice chairman joe tsai. We are getting used to these metrics, gross merchandise volume, annual active buyers, and general, we are going to get to the interview right now. Lets do it. Joining us first on cnbc alibabas executive vice chairman joe tsai. Very nice to have you here after this first Quarterly Report as a public company. You guys have made a great deal with mobile in your remarks. In your slide presentations. Let me start there. Its grown to represent 35. 8 of gross merchandise value. Your take rate moved
Sale. Toyota beats Second Quarter estimates in the u. S. The hour is in and the truce in gaza continues to hold as israel removes its troops from the strip. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to worldwide exchange. Were expecting the composite services pmi out of the eurozone this morning. Weve had the individual ones. Its coming at 54. 2. It was forecast at 54. 4, so its a touch weaker than specd. It does fall on the Italian Services pmi. That is from 52. 9 back in june. Theyre pretty much in line as expected. 50. 4 in the last ten minutes or so. Arrived from last months 54. 2. 56. 7 versus 56. 4 in june. Were around 20 points lower, not much of a reaction, but a touch weaker on that. Lets give you a look at what else is on todays show. India says it has to bring down inflation, but the question is how. Were live in mumbai to discuss how they do that. Plus we ask how companies are doing with the flux in prices. Also,
High. Gms cars recalled for faulty ignition switchs remain on the road after a texas judge denied an emergency motion to stop the cars. The illinois attorney general launched an investigation into the Business Practices of herbalife. The stock fell to 55 dollars friday. The Company Denies the allegations. Chris gersch of altimus capital is on the Trading Floor for us this morning. Good morning chris. Good morning angie. Stocks are hanging tough, even with stumbles from google and ibm. You hit it right on. As far as the market is concerned it is holding on to whatever gains it had last year and the momentum has switched from a bearish to bullish tone last week. As far as traders are concerned there is parity. About 34 of the options is in a neutral based strategy. A lot of traders dont know where the market is going from here. What do you think about the performance and earnings coming from General Electric . I think General Electric is fantastic. Even with that 23 gain that we saw on t