A meeting between president obama and raul castro. The president is expected to urge castro to seize the opportunity to improve u. S. Cuba relations by expanding human rights and Economic Opportunities. For the second time since friday, north korea has conducted Ballistic Missile tests in the sea of japan. Officials say kim jonguns regime launched five short range missiles today. Earlier this month, the United Nations Security Council enacted sanctions to punish korea for another Missile Launch as well as a nuclear test. The German Government says it took in 2 million refugees last year. A 49 increase compared to 2014. Of those 2 million, 860,000 have moved to other countries. Angela merkel has resisted measures to control migration such as putting a constraint on the number of refugees. ,lobal news, 24 hours a day powered by 2400 journalists in more than 150 news bureaus around the world. Im pimm fox. Matt thank you very much. Good morning. Take a look at markets in europe. The dax ha
Starwood. Well talk to marriotts ceo, arnie sorensen. The president in cuba raises questions about Economic Opportunity there. And were hours away from apples highly anticipated event. Well look at what to expect. Valeant has been halted for the past half hour or so. As becky pointed out, mike pearson leaving the company. Ackman to the board. Predictable or not, jim . No. But there hasnt been much that is predictable. Theres a mea culpa note from Lehman Brothers taking the price target from 135 to 134. Taking numbers from 10 the reason i point this out is because the numbers are all of the map. No one knows the cash flow, what the company is really do. Ackman joining the board is a sign he cant dump the stock. They couldnt dump the stock. This is a great mystery, carl. When you have a company where you have to idea what it will earn, where its dermatological business is being carved up aggressively by allergan. Ophthalmological being carved up by j j. All this stuff. This is a company,
Kospi closed out flat. Right now the dax is up by 1. 2 . The cac and ftse 100 each showing gains of. 25 and italy up. President obama is in cuba marks the first time a u. S. President has set foot there since Calvin Coolidge back in 1928. Today hes going to sit down with his cuban counterpart, raul castro. The president is joined by officials and a host of ceos. Well hear more from michelle carusocabre carusocabrera. Apple supposed to launch a smaller, cheaper iphone product. Aimed at markets like china. Plus a midsize ipad, new bands for the apple watch if youre into that kind of thing. Well talk to usas personal analyst at the bottom of the hour. Also the corporate story, 8. 9 billion merge of sherwinwilliams with valspar. New bands . New bands. You know what im hoping for, just so you know, im hoping for, theres rumors about it, nobody is into it, member that mac book 12 we saw, came in with it about a year ago. Oh, yeah, how could we forget. To upgrade that and im waiting to buy it
The nikkei was down by almost 600 points. Thats a decline of 3. 5 . Among some of the things that were cited was a weak Business Sentiment result from a survey from the bank of japan. Traders also citing weak earnings expectations in the United States. Again, 3. 5 decline. Its not our fault. Its japan. I think thats a little separate from what we see here. Call someone, what do you think . They just come up with that. They didnt hear it from a single trader, im sure. Oh, how about this . Well, you saw whats happening in europe. Theres a selloff under way there too. Some of the indices down by over 1. 5 . Again, whats happening here in the United States pales in comparison to all this. We only saw things down by 40 points here this morning so far. Lets give you a little wrapup on whats happening in the First Quarter. It is now officially in the books. It actually was a pretty stunning turnaround for stocks. The last time the dow had a gain like this in a single quarter was more than 82
This is the best daily performance since january 28th when it was up 15 . I will tell you what, we asked yesterday whether or not it is the outlier and it is. Truly is, and these results are staggering for a company this size without advertising is growing extrooaordinary within e United States and how well they are soaking up money, and taking advertising from digital, and print and other companies, and am amazing importance. Anything else in the share class ta makes you scratch your head . No, Mark Zuckerberg has had control of the company. And you read the prospectus, and he said, i have a long term view, and if you dont like it, sell it. Great quarter to announce it. People are more forgiving. Exactly. I will stay in control and the investors seem to like that idea. It is really staggering, but the rate of the growth and the moat they have around the assets and the amount of data they have and not just about the intent expre expressed through search, but where you are, what you are