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Russian separatists struggle from the border of the ukraine we begin in israel with netanyahu ordering Ground Troops into gaza with the air strikes to tell his army to prepare for on a significant operation and we remind you netanyahu and the Israeli Forces have given gaza residents more than one week to evacuate with two separate ceasefires but the tomas rockets have not stopped. Netanyahu said this is the tenth day while under rocket attack operating against the of Terror Organization and now on the ground. Carrying their responsibility of the impact on civilians is the Terror Organizations that attack our citizens to use their own civilians as human shields. President obama and claims he supports the right to defend himself but here he is again lecturing ....
Exclusive. Some of the biggest names in bank arrange at the global summit to rethink banking models. No small topic on the agenda today . Yeah, the future of finance and there are some big, big questions. We talked a little bit about credit provision. When you compare and contrast what happens heres have in the United States. You look at the United States, some of the big fines imposed and there is a risk of regulatory overreach. Are these banks becoming overwhelmed . Something that doug also flint talked about recently Douglas Flint talked about. Ill be talking with him and then i have Andreas Dombret of the bunde bank. Well talk about his role on the supervisory mechanism. We have to be clear about this. What are the difficulties here in the eurozone . I know he has ....
Am guy johnson. Io saying no the worlds secondbiggest iron ore exporter has rejected an approach from glencore that wouldve crated the worlds biggest miner. Jesse, you guys have been working on this and watching it very carefully. He is a deal maker. He have done it through inquisitive deals over the past 15 or 20 years. He has been here for 10 years. In this instance, the big issue will come down to price was the what we know about glencore is they never overpay for anything. To get rio, it looks like it will have to be hostile now and would be a chunky premium. Is it the last deal he will do at the glencore if he does this . A good question. We know he is an ambitious guy. It will crate the Worlds Largest mining company. Perhaps, he is an ambitious guy and a deal maker and is the last one he could do at glencore. As i look at the lay of the land, it could honestly change it significantly. You kind of wonder how the people fit in ....
Will come here and speak for a couple hours. Day one of negotiations. Nobody is expecting huge news but as jim has already tweeted out this morning, the market is going to look for signs that this tone of compromise that weve heard so much about all week long is that for real or are talks going to break down in early stages . The market specifically is going to depend on that tone today and well bring that live when the meeting happens a little after 10 00 a. M. Weve seen reaction of futures to the possibility of a deal. Weve been down for six of the past seven days but the dow this morning implied open is up 33 points. Sapp looks s p looks to add fiv. Here we have italy down threequarter percent and mixed bag for the rest. Carl . Okay. Were going to go to the road map this morning. That is where carl is in washington d. C. Reports this morning that hard decisions surrounding deficit reduction could be kicked down the road until 2013 in favor of a smaller package of tax increases and s ....
Catching a lot of peoples attention is the broader based russell which is down 2 or 21 points on the trading session. The oil market, last trade on oil is on brent crude down 89 cents. Gold is down 13 bucks on the trading session. The yield on the ten year note is 237b9 552 . Over in europe. Very ugly day. Down 43 points. In germany, lost almost 2 . And in france, paris, finished down 1. 5 on the trading session. Why is market falling . A couple reasons, two main ones, europe, we saw the picture there. Rising labor costs here in the u. S. Daytoday showed the biggest jump in u. S. Labor cost in five years. Added to the geopolitical jitters. We have a recipe for the downside today. Bob, your perspective. That was a great summery there. Youre right. I would lay a lot of the blame here to the start of the problems today over in europe. Take a look. We just had an ugly open in europe and ugly close. Basically stocks closing on the lows there. Portugal, much bigger loss than anticipated. The ....