Profit that Beat Estimates. The world passes largest retailer in the u. S. Raised its fullyear forecast. We will talk about what this means for housing and the u. S. Economy later in the program. And Standard Chartered is settling claims of new york regulators over failure to flag potential Money Laundering of its clients. It may have to pay 300 million and will likely once again get a stern talking to. Lets get back to bhps spinoff announcement. We are joined with details. Tell us about the biggest spinoff in mining history. Why now . Question. A key this could represent the end of the commodities super cycle. That is the first sign of it. Capital bhps return on two years later, 13 in just two years. The reason why you can now argue the assets are finally cash flow positive, they are expecting prices to rise somewhat, metal could also rise, you could argue they are valued about 15,000. Not the worst time to do it. What this winds up reflecting is how horrible the Mining Industry then
Quarter declined because people assumed health care was going to create a delay. Without further delay, lets go to scarlet on home depot. The earnings just came out, a beat, secondquarter earnings per share of 1. 52. Expectedthan bottomline number. Sales topping estimates as well. Depot confirms its fullyear sales forecast. Adding to its buyback program, overbillion Share Buyback the remainder of this year. He moved to engineer a higher earnings per share number continues. With adam parker joining us in the next hour from Morgan Stanley, use of cash. The pressure to deploy cash. You see that in the bhp billiton restructuring. What are we going to do to distribute cash to shareholders. 838 on the the 16 dow. A distinction between home depot and lowes, the Bloomberg Industries team pointed out sales will likely come in stronger. An estimateds 4. 4 . Home depot doing it more effectively than lows. Medtronic and t tj maxx report earnings as well today. Hasuple items of note it been 10 year
We will talk to the head of companies that reported earnings. Hello, welcome to countdown. The ecb gets ready to dig over banking remission in europe. Tucker, p with all paul tucker one of the keynote speakers. He warned there is no quick fix to shore up europe lenders. It will take some good framework. Legislation is needed, but the , and theyestructure need to issue bonds. Bondholders need to take losses without depositors taking law is. Losses. Not all banks are structured that way. Fighting continues in Eastern Ukraine. Russia is calling for a sees higher while ukraine continues to accuse russia that ceasefire while ukraine continues to accuse russia of stoking the fire. Where are we, hans . Any progress . It will magically the latest ischancellor Angela Merkel considering a visit to tm. Kiev. Yesterday we had a day of diplomacy. They are accused of attacking a civilian convoy, saying there are dozens of death. Foreigny in early in minister lavrov called for a ceasefire. Foreignhat
Must agree with a ceasefire with western rebels in the country. Telecom stocks lead the way in europe. Telecom italia higher on reports that it will launch a bid for vivendi despite counteroffers. Venture capital firm invests 20 million in snapchat, the messaging service with virtually no revenue. Good morning, everyone. Its wednesday. Its time for a brand new edition of worldwide exchange. Its one hour into the trading session. We are a little softer here across the European Markets. The stoxx 600 is off by 0. 1 . We had a fantastic rally over the last 2 1 2 weeks specifically monday and tuesday on the back of hints of more qe coming from the ecb. One by one, i want to show you where the softness is coming from. Germany, down 0. 25 . German morale fell for the first time in 123456 years. Why is that . Because of russia and ukraine. The ftse 100 is pretty much flat. The ftse mib is still down by 0. 2 . The ftse markets, dollar close to a 13month high on the back of durable goods and Co
Trump for the second time. Thats never happened to any us president before. But following an assault on the us capitol by a mob of his supporters, hes accused of threatening the integrity of the democratic system and interfering with the peaceful transition of power. Big businesses are also halting or reviewing political donations with the likes of amazon, at t, ge the latest to join the list. Investors are nervous. Joining me now is craig erlam, Senior Market analyst, oanda. Good to see you. We saw a little bit of a sell off on wall street, january 20 it seems a bit of a long way away for some . Absolutely. It has been quite the start of the year, even in our Worst Nightmare they dont think we anticipated the events that we we re anticipated the events that we were seeing last week, and it seems that Corporate America has spoken, and the interesting thing about this is the co ordinated response that we are seeing. We are not seeing one or two or three names saying this and pulling the