The firm, however, sticking to target. Luxury stocks are one of the bright spots as they reap a week of euros after Solid Earnings. All right. And to our top story. Another volatile earning. Its largest liquidity injection since the month of july. Meanwhile China Securities regulator is looking at what it calls, quote, share dumping, its biggest oneday drop since 2007. Lets check in on markets. Live in singapore. The dust seems to be collapsing on the collapse in the chinese equities markets after the rough morn sessions. We were down by 3 earlier today. Almost one and a half thousand. A daily downward limb it. So there will be a composure returning to the market if you can call a 1. 1 settlement composure. Remember where we were this time at close yesterday. Off by 8. 5 . So the governments pledging and affirming its commitment once again to buy stocks. The pboc pumping liquidity into the markets as well. Thats helping to settle dust to a further degree. I wouldnt write off any volati
Investors taking profits ahead of this weekends parliamentary election. The motor city gets weighed down under a mountain of debt. Detroit filing for theargest municipal bankruptcy in u. S. History. Hi, everybody. Welcome to the program. We have got two hours together. Finance ministers gathering now at the g20 meeting in moscow and theyre expected to ratchet up the crackdown on Corporate Tax avoidance. Now, later today, the oecd will be unveiling an action plan aimed at tackling Profit Shifting, which has thrown some of the largest multinationals into the spotlight. Lets get the details with julia chatterley from moscow with more. Julia, a lot on the agenda and taxes definitely one of the issues theyre going to be talking about by the looks of things. Absolutely. Huge agenda. Growth, jobs and tax avoidance. As you said, the oecd just about to announce their proposals to targeting tax avoidance by the large corporations in the g20. You cut to the heart of it when you said a Profit Shif
In doubt. The hedge fund heads to court today after being charged by the u. S. Government of systematic Insider Trading. All right. Were into the last Worldwide Exchange of the week. One hour into the trading day here in europe. Pretty even stevens really on the dow jones 600. Yesterday, the ftse was down, what, half a percent, 32 points lower. It tried to crawl a little higher this morning. Mit mixed earnings session yesterday. Xetra dax down 15 points. Ibex continuing outperformance from yesterday, up another third today. And cac reasquarante up twothi. Number of stocks to focus in on. Renault lifting core profit despite slumping sales. A rise in first half earnings after reducing costs. The stock up 2 . Lvmh is battling a slowdown in markets including china. Results are still posted, though. Amazon shares in frankfurt are down about a percent. It posted an expected 7 million loss in the Second Quarter. Sales particularly weak in europe. And it looks like investors approved of anglo
Well. Its wednesday, february 6, 2013. Squawk box begins right now. Good morning, welcome to squ squawk box on cnbc. Becky quick is under the weather. Hope you feel better. Joe is off, steve leaseman here, as well. Our guest this hour, Yahoo Finance senior columnist steven kohey. A lot to discuss about the markets. Stocks rallying to wipe out most of the previous session losses. Check out the socalled ear gauge. The vix as we call it, tumbling below 14. Then in the next hour, something a little different on squawk box this morning. Were going to be joined on set by three wellknown names on wall street. Blair ephron, roger altman. And honeywell chief david cody y. These guys . All three have been sitting in on regular Conference Calls with the white house. Theyre among the leaders the Obama Administration is turning to for advice on everything from the deficit to taxes to the broader economy. Then, after we talk to them, theyre going to paint a picture for us, were going to turn to two