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We have the sound from the cockpit on several near disasters. Also today, is best buy back . The company reporting big numbers today. Profit doubling from a year ago. And look at this stock. It is up 62 since february. Not bad for a company that many people thought was about to go away a couple of years ago. And a brandnew report on housing for homes 1 million and up. First, though, lets check in with sue at the nyse. Hi, ty. And we will get to the story about those minivans in just a second. But first, to todays hearing on takata air bags on capitol hill. These bags are in millions of cars in the u. S. , and Safety Advocates say they are deadly. Phil lebeau is live in chicago with some of the details on that. Hi, phil. Hi, sue. Takata air bag hearing just wrapped up on capitol hill. Really it raised more questions than it answered. First of all, takatas executive, the one who is he said when they were asked by senators, look, y ....
The countrys finance minister backs on demands that they write off the debt. Instead proposing a swap. They send the aussie dollar to a six year low. The Indian Central Bank keeping its powder dry. Youre watching Worldwide Exchange bringing you Business News from around the globe. Hello everybody. Good morning. Welcome to a full two hours of Worldwide Exchange. Good to be back on the show. Great to have you. Great to be back. Lots going on today. Bp shares are already trading higher this morning despite a Fourth Quarter loss on deplacement cost basis. It will reduce cap exspending this year. In a short time well be speaking with the bp ceo bob dudly for his take on the numbers. Well be talking to th ....
Greece. Our road map begins with retailers hoping that online holiday sales click on this sibler monday. Will they make up for the thanksgiving weekend seeing shoppers spend less than a year ago. Lots of business around amazons Package Delivery via drones. Another month in the books. Well explore whether the trend is likely to continue in december. A number of wall street firms initiate cover of twitter. Well have details on the caller later in the program. First up, welcome to cyber monday, the day that online sales surge following the thanksgiving weekend. Retailers hope that makes up for the Holiday Weekend. The National Retail federation says total spending fell 2. 9 compared to a year ago, the first decline, guys, in seven years. How concerning is it . Well, look. I think that this omnichannel has taken off. I d ....
Were still off 82 points. Its been a rough week across the board, especially for other indexes were not showing here. The russell 2000 having one of its worst weeks in some time. So, this all comes, of course, on the back of some selling weve already had this week. Its not just about the action today. The last hours going to be critical here to see whether we can stay off the lows of the day or if we head back to those lows. Theres the russell. Yeah, off 1 today. Meanwhile, lets look at some of the other markets. The nasdaq off 0. 6 . There it is. And 4,393 is the level, off 12 points. The dow is off 81, thats 0. 5 , 16,904. And off nine points. Joining our closing bell exchange, doug cote, jim lowell, charlie blel, Quincy Krosby from prudential and we have Michelle Carusocabrera and rick santelli. Michelle, when we all got up this morning, things looked bleak. There w ....