Governments. Computer says no. A Technical Glitch holds trading for more than three hours. Raising tensions on wall street as details on the outage remain unknown. Air france lands a deal with dutch pilots over pay and benefits clearing the way for its restructuring plan. Hi everyone. Im seema mody. Coming up on todays show movers and shakers as some of the biggest names in business gather in idaho. Well discover what black bustockbuster bids are in the work. Plus would you turn down 30 murder in the Second Degree for a business idea . Well show you what happened with the creators of a dating app appeared on primetime. Chinese security regulator stopped large shareholders from cutting their stake. The ban will last six months with those not adhering to the rule facing punishment. Its up 5. 8 . Martin has the latest for us in singapore. Thanks a lot. Wilfred good morning. Thats the big story here. Limiting big shareholders. 5 or more from selling out for at least six months. Thats the m
Companies progresses. L brands raises its full year outlook as Second Quarter profits beat expectations. Sales at victorias secret, the main growth driver. The great rate debate wages on. We did get the fed Meeting Minutes out of july. Not as dovish as people were expecting. So the economists expecting a september rate hike has been reduced from 40 to 45 ahead of the minutes being released. Futures pointing to a lower open. Were down triple digits on the dow. The nasdaq lower by 28 and the s p 500 also indicating a lower open. This as the ftse cnbc global index, this is a good gauge of stocks around the world. Not just europe but asia as well and were sharply lower in todays trade by 16 points. Very close to session lows. A lot of that having to do with the underperformance in asian markets. Were looking at the xetra dax down triple digits. Thats a 1. 2 move to the down side. The german dax hitting its lowest level since january. Thats a significant move. Just think about how ecb qe po
Investec highlights the growing debt file. Im more hedged now than ive ever been. Carl icahn tells cnbc why the fed has caused a looming catastrophe with the low rate policy. All right. So after a lackluster session to finish off the week last week, it looks like u. S. Markets fair value telling us were going to be down when markets kick off. The s p 500 looking at the implied open, 7 points below fair value at this point. Dow jones industrials 26 points and the nasdaq should be down 12 points. As we anticipate, yes, it is the u. S. Nonpharm payrolls. Its pretty lackluster. Hong kong, south korea and taiwan. Lets check on the ftse cnbc global 300. This is an amalgamation of the 300 Big Companies not only in europe but asia as well. This is telling us were looking at a down session. Maybe 1 5 of 1 . Lets zero in on europe. Pronounced declines. Headed for our worst quarter, folks, since 2011. As you see, the selling continues with the ftse 100 lower by 1 . The german dax, this is a sello
Terrorists. Thats from britains science chief as he slams u. S. Tech company for turning a blind eye to misuse of their services. And u. S. Voters head to the polls today with the key Midterm Elections deciding which Party Controls congress and whether there will be two more years of political gridlock in washington. Youre watching Worldwide Exchange, bringing you Business News from around the globe. And we have to kick off with our top story, which is oil today. Of course, its down 27 since it peaked in 2014. June and down over 10 since the start of october, down 1. 6 , as you can see so far today. Really, quite an astonishing move yesterday. In fact, it was up at the start of day when the saudis announced they were going to be increasing the price to the far east and then they announced they would be cutting to price to the u. S. Seeing a sharp selloff as we went through the course of the day. Even though i think theres a bit of complacency in the longterm oil price, in the shortterm
The Business Sentiment index has come in at 104. 7. It had been forecast for 105. 8. The last reading had been 106. 3. Weve had the current continue come in at 101. 5 having expected to be 101. 2. This has seen the euro dollar fall from its highs earlier today in the last few minutes. Surely the germans need this as much as anybody else. It looks like the industrialists are sending out a clear message. The activity is clearly slowing. Theres a knock on impact compared from the week elsewhere in europe. Weve seen industrial pick up sharply after quite a bit of depression caused by weather effects in the last quarter. So it looks like we dont get a strong q3. And the 10year Government Bond yields picked up for the fist time since august. Is that facing uncertainty . The economy will continue to face a lot of uncertainty for many years. The challenge is coming through from higher bond yields from around the world. Some investors are obviously taking a safer option he elsewhere. Mario drag