Certainly in terms of agriculture. Tech giants dominate the earnings season in the u. S. Apple gets a boost in strong iphone demand in china. Now europes space agency recommends all nights to israel be canceled following news of canceled flights in the u. S. , as a rocket lands close to tel avivs airport. Your watching worldwide exchange, bringing you Business News from around the globe. A warm welcome to this edition of worldwide exchange. The Federal Reserve bank of new york has accused Deutsche Bank, the u. S. Operations, of inaccurate and unreliable reporting. Thats according to the wall street journal. They reportedly said the bank, quote, requires wide ranging remedial action and has made no progress fixing previously identified problems, including shoddy reporting and weak technology. Shares this morning under pressure as you can see actually, thats gsk were showing you, Deutsche Bank earlier in the session down about 3 , but gaining back some of the losses this morning, too. Da
Go irish. Good monday morning. The band is back together. Awfully nice to have david back. Im back. We have jim cramer, and david fabe, as they say in france. The single best week for stocks in over a year last week. Europe has lost a little ground this morning despite Investor Confidence numbers coming in at an 18month high. The s p starts the week at fiveyear highs. Even as the lines are drawn in the battle over spending cuts and the debt ceiling. And then there is earning season. Kicks off tomorrow with alcoa. Banks in the spotlight this morning, bank of america settling with fannie mae with mortgages it underwrote during the housing boom. Citi submitting to the feds. Revising up, gdp forecast to 81, saying investing in the mass market stocks is the way to go. Potential cuts at the Magic Kingdom reports disneys got internal costcutting review under way. The question of the day, can the new year rally continue. Last week the s p jumped 4. 6 to a new fiveyear high. Not only is wall st
Another profit warning. Details of emerging of a capital shortfall in its irish business. Which is poised to exit its Bailout Program . Is it cause for cheers or concern . The Prime Minister tells cnbc the time is right. Its a great sense of achi e achievement attached what we set out to do almost three years ago now. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello. Welcome to the last Worldwide Exchange of the week. What a week its been. Plenty more, though, to come in the final two hours of the good stuff today. On todays show, an uncle of the north Korean Leader has been executed after being branded worse than a dog in the state media report. Well get the latest from seoul. And will gold finish the year having suffered its biggest slump since 19811. Well take a look at whats taken the shine of the precious metal this year and whether its time for investors to come back or not. Disneys animated film frozen has kicked the hunger gam
Forecast. That sent shares down by more than 20 . And president obama seek toes jump start his agenda pep told lawmakers hes eager to work with them, but hell go around them to get things done. And america does not stand still and neither do i. Wherever and whenever, i can take steps to expand opportunities for more american families, thats what im going to do. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. All right. Warm welcome to todays show. Were going to kick off with a look at Deutsche Bank. Were waiting for a press conference of the coceos of this morning. Were seeing general european shares a little bit firmer on the back of what happened in turkey overnight. Deutsche bank preparing to hold the press conference, of course, after that rather short profit warning when they brought forward earnings ten days early because, of course, theyve seen big declines, a lot of one off and declines at fixed income trading in particular. Were g
Welcome to todays Worldwide Exchange 37 im kelly evans and these are your headlines from around the world. A state of emergency declared in egypt after riots in the biggest cities along the suez canal. The dow is now set to post its best january in more than 20 years. Shares rise after the central bank approve the second bailout as politicians make accusations over the failed lender. 52 of those surveyed would prefer the uk to leave the euro. I should have said leave the european union. Britain cant leave that monetary issue. Well have plenty more on the relationship between britain and europe. For now, we can look at the relationship with markets. The euro stoxx 6700 is down about 0. 4 today. Not a done of differentiation. The biggest gainer, interestingly, is monti paschi. Some of the airlines are struggling, too, on the back of ryan airs results. Now take a look at whats happening across the bourses. Were seeing somewhat again of a trading pattern here after the last several trading