Profits sending shares to the top of the french markets. And continental raises its out look. A double digit jump in profits. Well be speaking to the group ceo in the next hour. Youre watching Worldwide Exchange bringing you Business News from around the globe. Now welcome to the show. We just got some breaking data on italian gdp. Its come in as expected for the quarter. For the year of 2014 for the final quarter at 0 for the full year minus. 5 . It was expected at. 3 . So the full year figure just below expectations. A contraction of half a percent. You can see the euro is down three tenths of a percent today but thats come over the last two trading sessions and ahead of the break. Theyre saying they anticipate we should be looking at growth later on this year for italy. There could be slight growth during the first three month of the year instead but italy is one of the interesting ones in terms of potential for surprise. But also so crucial because of the size of the bond market. W
News coming in. It was the philly fed that looked like things were turning around. Yeah. Higher in western europe, becky, but an entirely different story in russia. Lets get to that. Russian deputy finance minister saying he expects no big Immediate Impact from western sanctions on russias financial sector. And he argued that the countrys creditworthiness has not worsened. U. S. Imposed a second wave of sanctions on moscow yesterday, and the European Union is expected to announce measures over russias moves to the next crimea region of ukraine. Russian officials criticized the downgrade of russias trading outlook. Saying there was no basis for the move. The s p and fitch provides their longterm assets on russias debt from negative to stable. So far, the russian markets are feeling the pinch. The russian rtx down almost another 3 right now. While the broader miex micex i. Their version of the down is down over 21 over three months. It is down 24 over the past 12 months. Nothing short of
Buylie ergen failed to sprint. Barclays millions in fees. Shares of tiffanys are falling in the premarket, posting fourthquarter profit that missed estimates and the earnings outlook came up short. Vladimir putin has cleared the russia,crimea to join causing tensions at the highest levels we have seen since the cold war. Ryan chilcote is live in brussels where leaders are meeting. Is this a done deal crimea is part of russia . It is a done deal. Signednt Vladimir Putin la, crimeants and voi is part of russia. This is the first expansion of its territory since the collapse of the soviet union in 1991. It is the First Official or semi official expansion because someone say there have been land grabs. You, and thet ukrainians will not put crimea on their map of russia. It feels like an oldfashioned territory grab, but perhaps there is more than that. There are rational reasons as to why Vladimir Putin wanted crimea. The naval port is one, given porthe has that warm water. Are there other
Reality . All of that is straight ahead. Tyler and i have done the big switch switch switcheroo. Hes at the nyse. Hey, ty. We cut through the fog and made it. Thanks very much. A big day of data. The big number, of course, is that Third Quarter Gross Domestic Product report, up 3. 6 . The revision there, jobless claims down 23,000 to 298,000. October factory orders down 0. 9 . Heres what mr. Market is saying. The dow is about 23 points lower right now. But look at the yeartodate numbers, up 21 . Lets take a look at the s p 500. It, too, down about 3 points, 1,789. That was a good year in the american revolution, folks. But look at the yeartodate returns there. If eye my eyes dont fail me, up about 25 . As for the nasdaq, the comp is up about 2 points hanging in there around 4,000. Look at the nasdaq composite, up by onethird. So if you put your money in, youd be one hthird richer tod than you were on january 2nd. Take a look at this. This is key for us today. Its the s p dividend index
Nightly Business Report on friday, july 5th. Good evening everyone. Im Tyler Mathisen along with sue herrarah. Susie gharib has the night off. The monthly jobs report from the Labor Department is arguably the best and clearest indicator of the economic state of the union and todays numbers suggest the union is reasonably strong and possibly getting stronger. Employers added 190,000 new jobs in june, for more than forecast for april and may were revised sharply higher. Because so many more americans jump back into the market to look for a job, the nations Unemployment Rate held steady at 7. 6 . More on the good news about jobs in june and what it might mean for the economy. Reporter seth is doing something this month that thousands of Business Owners across the country are also doing, hiring new workers. A qualified person for me is someone whose happy, naturally, someone whose active, someone whose reliable and trustworthy and customer focus understands what the customer is looking for