To buy the l. A. Clippers. And investors dont sell in may, european stocks are ending the month near their best levels in more than six years, boosted by another record close on wall street. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to Worldwide Exchange again. Lets get to one of our top stories, straight away, shares in pnb paribas tumbling after a wall street journal reports that the french lender could be hit with a 10 billion fine over allegations it evaded u. S. Sanctions against a number of countries, including iran. In the last few minutes the bank of france says its following the case very closely. Stephan is in paris. This dwarfs the amount of provisions theyve made. My key concern is what this could mean for the operations in the u. S. Going forward potentially, too. First of all, lets put the numbers into perspective. Youre right, 10 billion, much higher than what bnp paribas reported as profit. Its already much higher than
,elcome our special guest host David Goldberg. Are you ready for your hour of fame . It will be fun. Youre out with a new survey monkey mobile app. We want to say week and a half ago. This week and half ago. We want to give people the power of survey monkey on the web and give them the power to create surveys, send them out, and analyze them on a mobile device. More and more people are living on their smart phones and we have never had a fullfunctioned survey monkey app to do the creation and analytic side. Were going to showcase of the surveys. One of them, the bitcoin survey, we put this out there an hour ago. We are to have a hundred responses. What is the kind of speed you can get these done at . You have a quick question you are on the go. You want to ask a question. People are going to come in and you will see the responses in realtime. We will see them as they come in during the show. We will do a survey on bitcoin, samsung versus apple. We will do a survey on the sharing econom
News about funeral arrangements. The funeral will be held in about 10 days. There is not only going to be a public memorial but a private memorial. Of course well have complete coverage go and through mr. Mandelas legacy throughout the program. Manus, we have a lot of data. We have tensions easing a touch. Well go through what Nelson Mandela gave to the world. What else are we watching today . The germans have a healthy look at inflation. Next year, germany will grow by 1. 7 . We go to the unemployment numbers later today. Euro dollar is declining to 1. 4616 despite yesterdays e. C. B. Move yesterday or lack of movement yesterday and lack of Christmas Party for the market remains high. The drop has stopped for now. Lets put it that way. The u. K. Had its longest losing streak since april. Down over 2. 5 this week. The dax is at a threeweek low. Continuing a little bit lower despite that upgrade to growth. Goldman sachs and Deutsche Deutsche say the overall relax nation austerity. Going
You know and love . All of gardenan enthusiast know matter what the logo was. I also want to say good morning to my son home sick. Bp is on the hook for more damage payments or the mexico oil spill. Abide by the terms of a 9. 2 billion on the boat with the big woods of the disaster. Tohad asked the court prevent payments to anyone who could not provide evidence that their losses were caused directly by the spill. President obama stuns his new budget to congress today. He wants to cut taxes for low income families, and increase spending on bridges, roads, and job training. Expected toare block the president s budget and offer one of their own. Secretary of state john kerry has landed in kia for talks about the future of ukraine. Itsce on reducing dependence on russian natural gas, we ask mike to hear from both senator kerry and president obama. Putinheard from vladimir for the First Time Since the outbreak of the prices crisis. Ryan joins us now from kiev. How did you interpret Vladimir
S p futures up by just over 3. 5. The nasdaq up by 6. 5 points. Also in europe this morning, Philadelphia Fed president Charles Plosser pointing at the weather for a blurry economic forecast. As you pointed out, it has been very noisy. Weve had storm after storm after storm, particularly on the east coast. Its been very difficult to get a decent reading on the economy. I think its important that we sort of take a step back, be patient here, and not overreact to whats going on because we just dont really know for sure yet. The fed beige book yesterday citing the weathers impact on the nations economic conditions. Well see if weather is a factor in todays collection of economic reports. At k8 30 a. M. , we get weekly jobless claims. The economy is expecting a reading of 338,000 to 348,000 we saw the week before. And at 10 00 eastern time, the january factory orders report will be released. Thats a decline of 0. 3 is what economists are looking for there. Treasury secretary jack lew will