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Transcripts For CNBC Power Lunch 20140814

Giant posted weak quarterly numbers and cut it fullyear guidance. Online is a big issue for them. Despite it all, u. S. Stocks are moving once again higher. Right now, the dow industrial is up about 43 points. To bring us up to date, lets go to sue at the new york stock exchange. Its kind of an upbeat mood down here. Well start with the Global Markets after tough numbers came in from europe showing some weakness. Michelle carusocabrera is our chief international correspondent. Three bad pieces of data out of europe today. Germanys gdp declined the 0. 2 . In france, zero growth for the Second Quarter in a row. And eurozone inflation data weak and meager, raising fears of fullon deflation, perhaps a decline in prices. The euro hovering near ninemonth lows because there are expectations the ecb will have to do more. The german stock market initially moved lower and then recovered because of what was happening over in russia. The president of russia making very dovish comments, Vladimir Pu

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