The president would act alone. Here is mitch mcconnell. I hope that the president would look at the results and decide to come to the Political Center and do some business with us. I still hope he does. The early signs are not good. May try to stop the immigration plan by refusing to find it. The bear market in allele raising questions about what opec will do, the price of brent rose. Heading for its eighth weekly decline, the longest retreat. Opec meets two weeks from now in vienna. More accounting issues at hertz. Hertz will restate earnings for the last three years. Eight review found 87 million in accounting errors. Cut 100 Million Dollars in costs. The battle between amazon and hachette is over. Agreement,o a new hachette will benefit from better terms when it gives readers lower prices. Amazon has agreed to feature hachette books. As some positive news out of europe. The euro area gdp through faster than expected and the Third Quarter thanks to better performances from germany an
Hello. Welcome to countdown. Just gone 6 00 here in london this thursday morning. We have Earnings Releases as well as other things. The companys latest results showed a wider loss in 2013 dan previously thought. Dont miss our exclusive interview with the cfo later this hour. Elians from allianz breaking now. Neils anderson will talk to us after earnings break next hour. They own the biggest container shipping line. Breaking now. Fourth quarter has missed estimates. Analysts estimated 1. 3 one level is above what they had targeted. The actual figure for a operating profit, 10. 1 billion, up over the previous years mine. 4 billion and given some guidance. Operating profit will be between 9. 510. 5 billion. They have raised their dividend to 5. 3 euros per share up from 4. 5 and they will be looking to see whether they are planning share buybacks or will stick with an increasing dividend as well. Those are the early headlines from europes biggest insurer. Speaking to the cfo in about an
Momentum bailed. Tech stocks tumble. Pimcos bill gross will tell us all how to play it. He opens up to me about the future of his firm for the First Time Since Mohammed Ali Arian foster karcher. Ebay and icahn. Carl icahn is coming up. Has plenty to say about john donahoe, the ceo of ebay, and whether hes really ready to back off on his paypal spinoff plan. All that and more coming up for you on street smart. A massive selloff on the way. Of one points, loss point eight percent on the nasdaq rather, the s p. Nasdaq seeing the brunt of the loss, down almost three percent. Olivia sterns is watching the market for us right now. He tech selloff is back. All these stocks that were the biggest winners of 2013, today they are the ones selling off the most. These big internet companies, google, amazon, facebook all down three percent, four percent, five percent. Look at that. Its a perfect rally and selloff. All the gains from yesterday wiped out. Buybook was raised to a earlier today. Another
Dow chemical posted first warnings First Quarter earnings. By results were driven bigger margins. And also by stronger sales in china. The company has not been very bullish on chinas Economic Growth. With us is the dow chemical chairman and ceo. Great to have you back. Nice to be with you. What happened with topline growth . America, as you know, we had a very cold winter in the month of march with lots of transportation and warehouse carrier issues. Our north american revenues were not robust but clearly the bottom line is what matters but i what but i would not read much about the topline numbers this time around. We saw growth in china and we sought europe beginning a decent recovery. We are very optimistic about that. Given the World Economy being slowly recovering and uncertain, i believe we had a good margin growth through the corridor. Through the quarter. It is six consecutive corridors of your on your margin growth and that is a great trend for our company. I dont understand h
Restructuring costs, well be speaking to the ceo in around 30 minutes time. At least two people left dead in ukraine as antigovernment protests escalate. Well spoo well speak to the chairman of the second largest lending bank. And a surprise shakeup at pimco, Mohammed El Erian resigns as ceo as investors are turning from bonds towards stocks. Davos 2014 well and truly kicked off here. We have some brilliant guests coming up at Worldwide Exchange speaking to the r rwe ceo as germany unveils their latest renewables for Renewable Energy. He doesnt pull punches so well be getting his latest thoughts on that and have you heard of the china shale boom . No, but im looking forward to hearing about it. I wonder whether it will be as important for that country as undoubtedly it has been as the United States. Will it be as game changing, one of the big things. Well be speaking to a top expert. How is it there . Pretty cold but im wrapped up warm, fully prepared for this and speaking to some real