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Conversations that are happening right now. okay. tbd. more on that to come. on inflation, we just saw the highest inflation reading in 29 years. you have corporate ceos speaking out remarkably on this. honeywell s ceo, most valuable industrial company, said we re seeing substantial inflation. it s definitely here. probably a little more pronounced than people think. p that s what he told my colleague. i know the white house bet here is that it s temporary. and we all hope the white house is right on this. right? no one wants to see prolonged run away inflation. but what if the white house is wrong? what is the plan? well, one of the biggest conversations we had today at the department of slalabor, we talked about inflation. we were going over the numbers. we re looking at increased wages and the areas that gained and then we talked about inflation. again, i think that the jury is still out on what does this mean long term as far as inflation ....
S&p rose 14, the nasdaq gained 17. overseas trading this morning, in tokyo, the nikkei up a fraction. in honk congress, the hang seng shot up 425. stocks did continue their roller coaster week with big crime on thursday. traders looking for reassurance ahead of this weekend s elections in greece welcomed a reuters report that central banks from 20 major economies will step in if greek results lead to market turmoil. that report fueled optimism already on the rise from hopes that yesterday s tame inflation reading and other weak jobs report will encourage the fed to step in with some more stimulus. leading the s&p, international game tech knowledge jumped 14% on news of a $1 billion stock buy back. u.s. traded shares of nokia plunged 15 about% on news it planned to slash 10,000 jobs. and in vienna, opec leaders left ....
tv and appears to be intact. one of the world s richest men says he plans to challenge premier vladimir putin. the owner of the new jersey nets basketball team has invested in russia s hybrid car. he was pushed out earlier this year after a disagreement with party veterans. canada is pulling out of the kyoto accord, this comes days african da and 193 other nations agreed to a new climate treaty that extends the accord by several years. canada s conservative government criticized the previous liberal government for endorsing kyoto. those are the top stories from cnn, the world s news leader. i m zain verjee. world business today starts now. good afternoon from cnn hong kong. i m andrew stevens. good morning from cnn london, i m nina dos santos. this is world business today. out of sight, not out of reach. eu minister ollie reign says britain is not beyond regulation. intel tumbles over the flooding in thailand. we ll tell you why brazil s world cup run-off ....