Power over fiscal policy in individual states. Air france klm is one of the worst performing stocks in europe after the carrier strikes force to issue a profit warnings. Tesco is upgraded by hsbc, sending its share price over 3 higher. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And as we said at the top there, were at a 1 1 2 month low in European Equity markets. The stoxx 600 is off 0. 5 today. The stoxx 50 off a similar amount well, actually, it says roughly flat. Lets look at those individual markets. If you would think looking at the sectors, the likes of autos, the likes of travels, utilities is the only outperformers. The ftse 100 is out 0. 4 pergs. Germany is down 0. 6 . France off just a little bit. Lets look at bonds. Panic selling in equities yesterday also meant panic buying in bonds. That follows the imf forecast only slightly downgraded its Global Growth outlook for this year and next year. Nonetheless, a flight to safety
Government buildings. And disney shares plummet as they announce a 1 billion capital euro hike. Youre watching Worldwide Exchange bringing you Business News from around the globe. We just got a brief budget through. Its come in for 2015 showing gdp growth at plus 2. 9 driven higher by private consumption. It seems the risks to the committee are coming from abroad and unemployment seen falling to 22. 5 from 24. 5 in 2014. So still a very high level, but moving in the right direction. The primary budget seen at 2. 9 of gdp. Public debt at 316 billion euros, which is 168 of gdp. Moving on to brazils probusiness candidate, he surprised a rally in the election. He will make it to the second round this month. Silva came in third at 21 . Brazils main stock market is expected to get a boost when it opens later today. Six days ago the polls suggested that his winning margin would be 68 . A big close in the coming days. Its no surprise on who the investors and wall street is supporting. The oppo
Pull off this scam today . Given the same security measures . Yep. Easily. Piece of cake. Sam eshaghoffs scam was getting paid thousands of dollars to take the s. A. T. Test for other students. He did it at least 16 times, scoring in the 97th percentile of the country. I would call him an academic gun for hire. Thats what he was. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we examine two very different kinds of fraud. Bernie madoffs wife and surviving son break their silence about wall streets most infamous criminal. And later, we visit a high school con man who figured the best way to make the grade was to cheat the s. A. T. S but first, in december 2008, Bernie Madoff confessed to running a 65billion ponzi scheme, the largest financial fraud in history. While madoff is serving 150 years in prison, his family had to deal with the consequences of his crimes. His wife ruth divested of most of her great wealth and derided by a suspicious world. Their son mark dead, driv
It is a tesla mystery. The market d. There it is. The market likes it. The stock is up almost 3 today, but what does d mean . First to sue at the nyse. Hi, sue. Hi, ty. There was another tripledigit loss in the dow earlier. Its trying to fight its way back. Lets get you up to date. The dow right now is down 47 points. But as we said, it was down triple digits. S p is down 7. 5 . Nasdaq is down 13 . The yield on the tenyear note holding at 2. 41 . Ty mentioned oil. It continues to plunge. Brent near a twoyear low. This after saudi arabia cut its official selling price. That is a 1 1 3 loss in brent kud. West texas intermediate down just about a tenth of a percent. It was a very rough close in europe. Germany down 2 . The ftse down 1. 7 . France down almost 3 . Italy down 4 . Spain, 2. 5 . That is the definition of ugly. Lets get the trading action with simon hobbs and bob pisani. They both join me here. Bob, set the stage for us here and then simons going to tell us one of the reasons o
Constellation. Mmhmm. And now you guys call it all cancellation. Unfortunately. They had been counting on a new Space Program in Brevard County, florida, for years, but it didnt happen. And liftoff. The final liftoff of atlantis. And after the last Space Shuttle mission touched down. This is a matter of national pride. Things around the Kennedy Space center changed in a way that may surprise you. [ticking] inside, you feel like a part of you has been ripped out from losing a job. 1 3 of the unemployed have been out of work for more than a year. Its been hard on them and the economy, but we found an experiment in retraining. [paper tears] the resume, very soon, will become an obsolete tool in the jobsearch process. That may just offer a way back. You just got a new job. Yes, i did. Brings a smile to my face. I see that. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we look at two innovative experiments in the housing and job markets aimed at solving longterm problems cau