Billion in valuation for the ipo according to sources. They could come as early as friday, as they look for luxury status. Welcome to countdown. I am anna edwards, live from london. It is friday morning. Let us start with the reaction with what the fed had to say in their minutes. We knew what the decision was for weeks. These are the minutes. These are the impacts on the world index, of Global Equities over three days. It shows we saw a rally and global stocks, 2. 46 trillion added to the first four days. Friday is adding into that, the momentum being picked up in asia. A seems patients is having positive impact. Look of the oil price, we are actually back still above 50. We popped above that with the First Time Since july. In yesterdays trading session, and back above now. We have seen the opec secretary general making comments about the oil market. Suggesting that demand will expand. That is the secretarygeneral talking about the demand picture. That takes us to our question of the
We have seen a complete rally, just an opportunity and in large part this is in some ways been help by auto prices. There really feeding into the stock momentum. Theyre trading in the u. S. , why . Because they all think janet yellen will not pull the trigger in 2015. The federal minutes adding fuel to that fire. See ath 40 of we will rate hike this year. About a frenzy on a friday. Signing a letter of intent with businesses to raise its ownership in mrn, this could be raising by 40 . Out for the Stock Performance drop the day. This is increasing exposure to aluminum. Anteresting movie we saw alco missa shares and after hours. This Country Company is getting into a commodity. Of the on the back danish Trucking Company slashing their cash. Their spending 1. 3 5 billion per share. Is selling a temper sent the ipo as it goes ever closer. Thank you. We might wrap up a big week on a bit of a hive. The dax is up almost one full percentage point. A big today gain over in china. Lets get to sh
Well see what happens as we get closer to the opening bell. Three big stories were watching this morning. Eu finance ministers are meeting in brussels in just a couple hours from now discussing greeces request for a six ismonth loan extension. Michelle will join us in a minute. Also in Corporate News this morning, deere will post Quarterly Results before the bell. Earlier this week we learned Berkshire Hathaway bought a stake in the company. In political news the nations current and former governors are going to be gathering in washington today for an annual meeting also taking part in the conversation administrative and legislative officials along with business and academic leaders. Here are some of the stocks were watching. Intuit posted a stronger than expected loss, Strong Demand for its turbo tax. Tax season. Hurry up. The clock is tick inging. Sneaks up on you. Nordstroms earnings falling short of estimates. The company says margins fell as it worked to clear inventories and used
Averages as we enter the final hour of trade here and see whether or not they want to be long going into the weekend here, a question we often ask on a friday, but for a different reason. Geopolitical usually. Now youll wonder if they just want to be out because of what could happen on the asian markets over the weekend. As mentioned, heres where we stand on the 4000 level. Yesterday we were watching a 4050 level. How quickly weve gapped down, off 1. 3 . The s p is shedding 16 points right now. The dow off 136 though, 16,034 is the level as we enter the final hour. Lets get to it in our Closing Bell Exchange for this friday. Susan fulton from fbb Capital Partners is with us, ken moraif from money matters, chad morgenlander and rich peterson from s p capital iq, all very pleased that art cashin from ubs is making a rare appearance in the Closing Bell Exchange and Rick Santelli out of chicago so a full house today. Arthur, what is your view of whats going on today . Well, weve got a coup
Tenyear eeled reacting to a ppi number that did run a bit hot, first rise in a few months and europe in the green at least for now. Our roadmap begins with a cnbc exclusive. With both apple and china mobile ceos, apple shares rising in early trade on the tech giants new deal with china mobile. Bank of america reporting betterthanexpected Fourth Quarter results. And as new ceo mary barr takes the helm, gm expecting pretax profits to rise modestly this year but margins remain flat until 2015 on the back of news that the automaker will pay its first Quarterly Dividend in almost six years. And elon musk taking on the government for the proper term for teslas fixes. First up, though, apple shares rising in the premarket on optimism surrounding the companys deal on china mobile. Tim cook saying it will help bolster sales in the Biggest Smartphone market and china mobiles chairman said the agreement will entail various cooperative ventures and will not be limited to iphones. Cnbc spoke exclus