Everybody wants to work in Silicon Valley. At a time when banking is so banking, even when the market is up, will they use will they lose young talent . A stigmais definitely against the big banks in san francisco. I cant deny that. Do the any city really to what we heard from goldman investors earlier this week where they want guaranteed returns and goldman is resisting saying we cant give you those kind of guarantees. But our bank 32 . To . Ut our banks ready is there a true shift happening . Earlier today, rob kaplan said that banks will make a ton of money. They can pay the giant fines. But will they attract top talent, innovative people . Do they want to be in a business that has lost its sexy, its popularity, its pride . Where i live, people are looking at start up saying that they look pretty good as opposed to the big banks. Talking about another story happening today, bitcoin, we have been talking about it all through the holidays. We did the 12 days of bitcoin. These anonymou
Despite the guilty plea. It assures shareholders that it has enough cash to pay the fine. Former french president Nicolas Sarkozy, is he paying for questions over allegations over misuse of power. The ukrainian president calls for a ceasefire against the pro russian rebels. Display youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome. We had european pmis out this morning. Weve now got the complete eurozone manufacturing pmi coming in at 51. 8. The forecast 51. 9, so pretty much in line with expectations. Giving you a brder picture there. So just a slight softening there as far as the pmi readings are concerned. A quick recap, german manufacturing growing at its weakest rates in six months. Weve had the french Manufacturing Activity shrinking this time at the fastest pace in six months. But the spanish activity was a stand out performer dproeg at the fastest pace in seven years. This is the broader picture that weve got. We were expecting
Safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape of emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is behind bars, theres still much we dont know about the scam which involved, by some accounts, a fraud of more than 50 billion. Investigators are still trying to figure out who was
This year last year hewlettpackard was the worst performer. This year a best buy . Until it left the dow it was the best performer. We see the springboard and some names is what people might be able to do with those in 2014. Were get a realtime check on the consumer during this Holiday Season. William lauder will join us chairman of estee lauder. That stock has done very well this year. Did you see this amazing moment in ukraine . Historic toppling of the statue of vladimir lenin. Its more than just a youtube moment. It could mean a lot more for anyone who owns emerging market funds, for example. Michele Caruso Cabrera will join us to describe the implications. Lets get a quick check of markets. Starting off pretty quiet. The dow is adding 16 points. A couple points higher on the nasdaq. On s p 500 perhaps more significantly, bill are simply the levels were looking at. 16,000 plus on the dow. 4,067 on s p. Lets talk about todays Market Action in our Closing Bell Exchange with jem ma go
Markets, the ecb cut rates unexpectedly. The u. S. Dollar has been very strong this morning. Euro has been tanking. We continue watch other names on wall street. Other names are on the move. But the big picture herr the banking index right now is slightly higher. Seeing stock market pulling back to a certain extent. Were watching other names. A lot of retailers here. A watching jcpenney on the move. Retail focus, last 10 minutes are about twitter. In the crowd there. Now we refocus on a lot of our story stocks weve been watching as well this morning. Thank you, nicole. Nicole petallides at New York Stock Exchange. On a busy day. Fox business network, Senior Correspondent Charlie Gasparino is here with us in the studio. Bringing us inside the twitter deal. What do you know, charlie . Kind of interesting, kind of what we were talking about yesterday, underwriters, Morgan Stanley, Goldman Sachs, jpmorgan, saying if they can sell to their best customers at 40, right . They had a lot of ord