Shutdown statement and shes done that. But Global Markets are shrugging off the shutdown with european bourses edging higher after modest gains in asia. Now, this amid the ongoing uncertainty in rome where Sylvia Berlusconi faces dissent amid withdraw from the government. Shinzo abe is able to raise japans sales tax with a fresh stimulus package. Hi, everyone. Good morning. Really glad that youre with us for the next two hours here on Worldwide Exchange. Weve got lots to talk about. Of course, were going to be heavily dominated here on the show on this u. S. Partial Government Shutdown. Were just seeing the eurozone pmi manufacturing data coming through on the wires. 51. 1. That means weve seen a little bit of a fall. This is down from around 51. 4 that we saw the last time around, but bang in line with the flash estimates. Again, 1 51. 1. By and large, it does look like were seeing stabilization to the folds that we were previously seeing a couple months back. Lets grab the german job
Hide price sticker shock. No ones been fired yet and team obama keeps assuring us all is well, but its not. Meanwhile all appears to be well on wall street. Thats a good contrast. The record high for the s p 500 today. En investors shift their focus from washington to profits and rock bottom Interest Rates as far as the eye can see. All those stories and much more coming up on the kudlow report beginning right now. Were live here 7 00 p. M. Hee eastern, tonight story, the partial Government Shutdown is over. President obama signed into law a deal approved by congress to reopen the federal government and provide a temporary debt ceiling hike. Averting by the way a potential treasury default. But president obamas speech today unveiled his strategy. No good. Raise taxes, spend more, dont touch entitlements. You know what, old wine in new bottles. Or maybe its a wolf thin wolf clothing. Lets get the latest from robert costa of the national review. He joins us live from our nations capital.
It lost out on a fighter jet deal in the euae. Russian president Vladimir Putin has reportedly freed the jailed typhoon khodorkovsky after a ten years in prison. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Were into the last Worldwide Exchange of the week. Plenty to get through on the program. Next, its two days after tapering and the ripples are still being felt across asset markets. Well measure the fallout. Its been well look at key drivers for the Global Property market. And the battle for control of italys Biggest Telecom continues as shareholders vote on whether to replace the Telecom Italias board. If thats not enough, gold is down after the feds taper announceme announcement, but should you be buying the dip . After a big fall this year of over 25 , well get analyst opinions in around 40 minutes. And if you have any thoughts, comments, queries or questions or anything else you want to say, email us, worldwide cnbc. Com. First,
Gm. Today, it got even worse. Now, there are now accusations that a gm defect may have led to hundreds of deaths. All those stories and much more coming up on the kudlow report, beginning right now. Good evening, everyone, im larry culled level is the kudlow report. We are live here, 7 p. M. Eastern, 4 p. M. Pacific. Now the crimean referendum will take place on sunday Russian Troops overseeing the whole thing. That will lead to a monday deadline from secretary of state john kerry. Kerry met with Russian Foreign minister, Sergei Lavrov today. Nbc newss Steve Sedgwick joins us from kiev with details of that meeting. Good evening, steve. Reporter ukraine remains on tenterhooks friday as lastditch talks to avert the referendum down in the crimea on sunday failed to create a solution with the kremlin and the west still at logger heads. John kerry after his talks with Sergei Lavrov says the russians should respect the efforts that have kept peace. Secretary of state john kerry said a refere
The markets suffered a correction. The more concerned some investors become. Despite this the next guest says investors should get invested and stay invested in equities. Hank smith is chief Investment Officer who manages 6. 5 billion in assets. Welcome and thank you for sharing your insights with us but i got to be the contrarian and the contrarians have been wrong since january saying Global Market will lose steam and get a correction and we havent seen it yet. Even julie we will so isnt it time to take profit . Eventually we will but at higher levels. Therefore you are not doing yourself any good. Lets forget that the market is up 26 this year and lets focus on this. The economy is expanding, profits are rising, Balance Sheets are in exceptionally good shape, we are flush with cash, valuations are reasonable, not attractive or undervalued. What is not to like about that scenario . Dennis in the past earnings season we have seen some companies missing on revenue. Earnings they are ma