After rbi governor takes the market by surprise with a rate cut citing lower energy and food prices. No deal on the line. Blackberry shares reverse course after jumping as much as 30 after the phone maker and samsung deny a report of a 7. 5 billion deal. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. We have just got confirmation that german gdp has come in at 1. 45 . Thats the strongest rate in three years. Its coming in as expected at that moment and the quarterly number shows a big bounce back to around. 5 . It must be hah number. From q 3 which was only. 1 . If we rewind to october when we got it people were fearful that germany and europe was falling into that falling growth falling possibly into recession category and that lead to a big sell off in risk assets. The fact that we can say that germany is growing with friday jillty around it. Germany is the largest economy in europe. A lot of focus on not only the success but the strength in its
Week. You can see moving up a bit, though, of course, after hitting 2. 44 not that long ago, 2. 40 not that long ago. Still less money if you give your money to spain for ten years or france and not much more if you give it to italy. The turning report the jobs report last friday. Since then we saw treasuries sell off, yields go up. This morning the data not too hot. Lets give a look at Oil Prices Rising concerns about unrest in iraq. Perhaps the idea that the islamists are as much as only 70 miles outside of baghdad, a scary situation developing there but having an impact as you see on crude prices. To our road map here back in the states with the markets, thats where were going to start. Stocks breaking their winning streak. Jobless claims missed and global uncertainty as i mentioned is returning to the headlines. David, amazon streams, a new perk for amazon prime. And new competition for beats, spotify and pandora. Lululemon profit lunges. Lowers forecast for sales and profit. The s
That shinzo abe could cut Corporate Taxes to offset a planned sales tax hike. Chinas microblogging alternative to twitter boost shares of the Internet Firm in after hours and beats the street by a mile thanks to a new tieup with alibaba. Good morning, everyone. Yes, youre watching worldwide exchange. It is we are about one hour into a brandnew trading day and the stock europe 600 is seeing modest gains over. 3 . This is the fourth straight session in which we are seeing gains for the european markets. We are currently at a 2 1 2 month high. This is a look at the individual indexes, all trending higher, the german market, though, outperforming off its session highs. We saw it trading higher by around 1 just a few moments ago. But the xetra dax still adding on a nice. 8 . We did get some very strong earnings reports which well talk about throughout the program. The ftse mib also adding on. 4 . And similar percentage gains for the spanish market. Now, heres a look at some of the best and
3,765. And Standard Poors staying above 1700, down about 8 points. Im coming to you from oracle world conference in san francisco. Well bring you an exclusive interview with president mark hurd coming up next. But the s p 500 and dow on a threeday losing streak. Lets get to bob pisani. Its the worst kind of week. I hate it when washington dictates the agenda for the stock market because invariably nothing good happens. Thats kind of what happened today. Nothing very good happened. Take a look at key headline. Maria hit it on the head. The important thing is, we have a lack of leadership from the fed. We heard from some important people today. Mr. Dudley, mr. Fisher, they essentially said opposite things. Key players, ms. Yellen and ben bernanke on sidelines. Janet yellen canceling an important speech in new york city. Big reason . Theyre considering her for head of federal reserve. The clean living bill going to pass the senate and house . We dont know. Its creating uncertainty. Look a
Charlie rose, syrians president bashar assad denied he had anything to do with the chemical weapons attack that happened. Well talk to john harwood and politicos ben white. We also have some corporate news. Nieman marcus in talks to be bought with the canadian pension Investment Board for more than 6 million. The wall street journal says theyre trying to finalize a deal. The talks could fall apart. The company filed for an ipo in late june. Some of the sources ive heard of and talked to, this deal will come. A number of folks have been flying around since the ipo was there. Canadas pension fund is getting involved in a lot of different things. Theyve also been listed as a potential buyer of blackberry. This is true. Its odd to see a pension fund involved. That is actually a whole other issue. You probably have some guesses on about this. Now youre seeing a lot of Pension Funds decide, forget private equity per se. Were going to do it ourselves. Forget the fees. Forget all of the things