Low cost 5c iphone is selling. Whats billed as the tabloid trial, Rebekah Brooks and andy coulson are on trial in london. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. All right. A very good morning to you. Thanks for joining us. We have a shortened Worldwide Exchange today. Just an hour of the good stuff because the clocks have changed in europe. London is ahead of gmt but the u. S. Hasnt changed. Well go now and well squeeze inasmuch as we can. Ftse 100 up 8 points. Five year highs. Xetra dax up. The cac quarante down 10 . Much stronger in asia hitting a fresh record high. The nikkei trying to recoup some losses from friday when it was down 2. 8 . Roo he bounding today, up 2 . Some of the pressure off the end. We have the bank of japans Deputy Governor coming out saying theres more stimulus if we need it. Shanghai fairly flat. Hang seng up. 4 . The s p asx up 1 . Take a look at u. S. Futures following that record close again for the s p
Of delivering what we said we would deliver. What were saying is our guidance remains unchanged as a result of doing this. We dont think weve overpaid. The swiss market has caved in to carl icahn. Theyre paying a dividend for the first time in two years. France says its not standing in a way with a deal with iran after being blamed for stifling six Party Negotiations over ending the countrys Nuclear Program. U. N. Claims some 9. 5 Million People in the philippines have been affected by typhoon haiyan. Up to 10,000 people are estimated to be killed in the city. Its been hampered by disrupted access to remote communities. We have more from manila in this report. What we know is that this is an unprecedented Natural Disaster for this country. Now theres really no stranger to extreme weather and earthquakes. Even seasoned officials are shocked by the severity, especially of the storm surges that were caused by this super typhoon and its created what many are describing as sue nam any type
Risk. Its controllable. And the german legend Michael Schumacher remains in Critical Condition after suffering head injuries in a skiing accident in france. Doctors are due to give an update on his health in an hour. Announcer youre watching Worldwide Exchange. Hope you had a good christmas break. If youre joining us this morning or this evening in asia. Email us worldwide cnbc. Com. A second explosion in the russian city of volgograd killed 14 people. A male suicide bomber carried out the attack on a trolly bus. On sunday afternoon another suicide bomb killed another 16 penal at t people at the train station. Vladimir putin has vowed to tighten security across the country. Seven time World Champion Michael Schumacher is in Critical Condition after injuring his head in the swiss alps. He was in a coma and he underwent surgery. He was wearing a helmet when he hit his head on a rock. Doctors are due to give an update on his condition at 10 00 gmt. 2013 was another big year for world even
Trend in what could be its biggest free market experiment in years. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Well, the u. S. Government is on the brink of its first shutdown in 17 years if congress does not pass a stopgap spending bill by midnight. Early sunday the house approved a measure linking funding to a one year delay of president obamas Health Care Law. It would also repeal the medical device tax which helps pay for the law. The senate convenes at 2 00 p. M. Eastern and will likely vote to strip those provisions sending the bill back to the house. It is then up to House Speaker john boehner who could have members vote on a clean bill or one with new provisions. On sunday republicans and democrats continued to trade blame. Here, unlock those doors, i say to harry reid, and come out and do your job. The senate must act. They must, must act. We do not want to shut this government down. Its wrong, and we want to work and negotiat
Dimon. Before we get to all of this, why dont we get to some of the headlines. Lets get to the headlines, ibm reported quarterly revenues below wall street consensus for the fourth straight quarter. Steep drop in demand for servers storage products. Earnings topping analyst expectations. Also on the list texas instruments, they posted better than expected Fourth Quarter earnings and revenues, company also announcing that its cutting about 3 of its Global Workforce or about 1,100 jobs. The Corporate Restructuring program aimed to save 130 million by the end of the year. Keep an eye on shares of advanced microdevices coming under pressure and extended trading after the chipmaker forecast a steeper than expected drop in Current Quarter revenue. Analysts now saying the news suggesting that sales of gaming consoles were not growing fast enough to offset slowing pc sales. Shares have risen 15 in the last month. Thanks. Something in the water in california. Mohammed el erian is stepping down