Its been. To talk about swings, talk about crude oil, talk about the ruble which after that surprise decision by the Russian Central Bank yesterday to raise to 17 , the ruble immediately jumped up 10 and then fell back by about 8 and a 20 percentage point swing here. If you just looked today and didnt know what happened this morning you might think its an expected reaction and hide a lot of volatility we have seen, again, in global asset glasses here. Whiplash is only term some people are using to describe it. Yeah. No doubt. In the major averages right now, where we stand on the street. Theres the s p 500. A fractional mover. Thats sort of again helps to tell the story. Again, back under 2,000. The nasdaq under pressure today to the tune of 17 points and this ones interesting because some of the decliners on the session of note include tesla back below 200 mark off 2 . Amazon off 3 and meanwhile, the Dow Jones Industrial average seeing a gain of 40 points t trying to hold on here and
Good morning, everybody. You are watching the pulse. We are here in london. I am guy johnson. Lets go to wales, newport. World leaders are gathering in south wales for the nato summit. The meet just a day after russian and ukrainian president s. Ryan chilcote is at the summit. Ryan, walk us through the agenda. Walk us through what we can and cannot expect from this event. Good morning, guy. It is a very busy agenda. They are going to talk about the situation in ukraine. That is going to get a lot of attention. President poroshenko will be here. They will be keen to hear what he has to say. He will be addressing them later. They are also talking about what they can do to assist that nonnato country. I think we should watch for some conversations on the sidelines about what some of the countries in nato can do in a socalled coalition of the willing to provide military assistance to ukraine. A lot of countries have been discussing the idea of arms shipments to ukraine. That is something w
The First Quarter. Profits down at yahoo but the numbers beat the street thanks to a great performance by alibaba. And russia warns ukraine it stands on the brink of civil war after kiev launches military operations to try to win background from the separatists. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello and a warm welcome to todays edition of Worldwide Exchange. There is a huge amount to get through in todays show, an awful lot to talk about. Coming up, could the mobile phone as you know it soon be ancient history . Googles planning a modular smartphone that consumers can customize with various hardware features. Well take a look at that. Bank of america set to report numbers from the bell today. Find out why this is a top stock pick. And a fatal ferry industry. Well be in seoul later in the show. First, asian stocks are up. First quarter gdp came in at 7 another 4 , thats down 7. 7 from last quarter of last year. Lets get a breakdown of
Go irish. Good monday morning. The band is back together. Awfully nice to have david back. Im back. We have jim cramer, and david fabe, as they say in france. The single best week for stocks in over a year last week. Europe has lost a little ground this morning despite Investor Confidence numbers coming in at an 18month high. The s p starts the week at fiveyear highs. Even as the lines are drawn in the battle over spending cuts and the debt ceiling. And then there is earning season. Kicks off tomorrow with alcoa. Banks in the spotlight this morning, bank of america settling with fannie mae with mortgages it underwrote during the housing boom. Citi submitting to the feds. Revising up, gdp forecast to 81, saying investing in the mass market stocks is the way to go. Potential cuts at the Magic Kingdom reports disneys got internal costcutting review under way. The question of the day, can the new year rally continue. Last week the s p jumped 4. 6 to a new fiveyear high. Not only is wall st
Lets check with caroline hyde. The markets are going to be looking at china. They are going to be looking at the United States as well. The chinese effect helping a little bit of green in the markets this one. Ftse up, spain getting a boost as well. The United States traded much higher. They have a bit of an influx, an appetite for risk on the back of the chinese news. Equivalent toan, 81 billion, is being pumped into the five biggest lenders. They are getting each 100 billion yuan. Instead of cutting the reserve ratio requirements, instead of cutting rates, this is an equivalent stimulus thomas so says goldman sachs. Worry about the chinese data . Spending over Retail Service have not been good. Investment has not been good. The central bank is reacting. I want to show you the reaction it had on commodities. Copper, look at how much did move. Up 1. 2 and continues to trade higher, up. 5 . We can also look at the oil market and the effect it had overnight. 2. 5 jump on the oil market.