Magnificent seven are in correction territory but nvidias getting a boost ahead of its earnings. And were going to keep focused on those economic challenges in china. The countrys central bank cutting a key Interest Rate by less, though, than many had been anticipating. Oh, yeah, who is many anymore . Slew of press over the weekend as well. The journal writing kind of a devastating headline. Is it over after 40 years . Yes, definitely over. Who can say this stuff . We were here. We were lucky enough to witness the fundamental change in the chinese economy. It happened over the weekend. Happened over the weekend. Theyre trying to be a service economy. That was it. Done. Maybe president xi has just said, you know what . Every bankrupt artist, every ridiculous guy who built too much and every ridiculous person who tried to get extra yield, sorry. Why not . Why not clean up the excess . Well, but the question, of course, is, contagion. Oh, contagion. Yeah, some of the huge promote companie
We anticipate paying out the load this year than last year. But with all of that said i think the core of the business remains strong. Hopes are raised of finding the black box recorder as recovery teams locate the planes tail under water. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to the show. Lots of data coming out of europe today. The latest that has just broken is italys jobless rate which for november has hit 13. 4 . That picks up from 13. 2 in october. This is the november reading that were getting. Its had highest rate since the data series began back in 1977. So the fundamental weakness in the labor market in italy is certainly still an issue. As you can see the euro is roughly at concession middle point for the day. Its at 1. 1868. Down 0. 2 on the day. Thats iraqiing more in the last five or ten minutes to some of the german data weve had. And lets recap those german jobless numbers. German december adjusted jobless
Star pulls off his own great escape as he crash lands on a golf course and emerges with bumps and bruises. A nasa spacecraft prepares for an up close look at ceres, a dwarf planet between mars and jupiter which might tell us more about our solar system. And jamies here with all the business including some important numbers coming out of the united states. Yes, stephen. They are going to be getting the employment numbers. Theyre seen as crucial indicators of the health of the u. S. Economy. 12 months in a row, now, the country has been adding over 200,000 jobs every month, but the problem is when are Interest Rates going to have to go up . A very warm welcome to gmt. Its 7 00 a. M. In washington, 12 00 noon in london, and 3 00 p. M. In baghdad, where government officials have accused Islamic State militants of cultural barbarism after they used bulldozers to destroy the ancient assyrian city of nimrud in Northern Iraq. One of the worlds most important archaeological sites has, it seems,
Last shop of its kind is sadly classical music, the last shop of its kind is sadly closing. Welcome to our viewers on Public Television here in america and also around the globe. There is something senseless and depressing about the wanton destruction of ancient artifacts. Reports from iraq that extremists of the socalled Islamic State have bulldozed a city described by the white house as incomprehensible. The battle against i. S. From iraq has been slow, as our correspondent James Robbins reports. The battle is intense. The bbc, too, films mile after mile of devastation. Bbc correspondent has been with the troops. He has been telling them this effort to reverse this has been grueling. We are on the outskirts. This was earlier cleared by the progovernment militias a few days ago and the fighting is still raging. They are trying to recapture the area. Amid the fighting, the black flags of i. S. Are being gradually replaced by the yellow of the shia muslim militia backed by iran, and tak