Why the worlds biggest emerging economies are going their way together is what it means for the rest of us, and americas highway trust fun is this close to running on empty. What happens when the roads you ride on get fixed because congress cant cut a deal. Why you, the american consumer, are keeping your wallet in your pocket instead of stimulating the economy. Im ali velshi and this is real money. This is real money, and you are the most important part of the show, so tell me whats on your mind by tweeting me at ali velshi or hit me up on facebook. Com. The bricks are trying to throw their weight around and challenge the dominance of the world bank and the International Monetary fund. Im talking about the biggest emerging markets in the world, brazil, russia, india, china and south africa. And their leaders are holding a summit in brazil this week. And today unveiled plans for a new bank to finance Infrastructure Projects in the developing world and a reserve fund for financial emerg
Down big on new sanctions from the president yesterday. Road map begins with microsoft cutting a massive 18,000 jobs as part of restructuring focused on streamlines operations. Morgan stanley merely beating the street and blackstone trounss expectations. We will break it down for you. Hug it out. Icahn and ackman make up, but the highlights you did not see coming up. Microsoft announces a Restructuring Plan in the elimination of 18,000 jobs over the next year as they look to simplify operations and align the recently acquired nokia hand set business with the overall strategy. This is a charch of 1. 6 billion in the next four quarters. In an email, the ceo said, quote, as part of mod earnizing the processes, the disciplines change making the decisions to change are difficult, but necessary. Guys, the expectations had been for somewhere between 6 and 12. This is more. Yeah. Its about 18 of the pree nokia work force of 99,000. I think why people like this is because what these job cuts ar
We are writer in london. I am guy johnson. I am francine lacqua. Dublin is going digital. The largest tech summit kicks off. 20,000 of the top tech entrepreneurs and celebrities are expected to flock to the 2014 web summit. Caroline hyde is there. She joins us now. Give assistance of the scale of the event. It is phenomenal. In four years, it has gone from 400 people to 20,000. It is warming up now. A few people getting strong coffees after a night on the town. There is a pub summit that goes on as well. Taking in a few whiskeys. They are revving up to network. 80 six different countries. Helping the economy of dublin boosted gigabyte 100 Million Euros in these few days. You have the elite of tech. The peter kilo who founded kiehl, who founded paypal. We are talking to ever note and other celebrities like eva longoria of desperate housewives and she will be taking the stage. So popular is this event that forbes wrote a style profile about what to wear or not to wear. You have to be sha
In the midst of allegations of corruption. Welcome to countdown. A warm welcome to the program. Japanese shares are on the tear. We are joined from hong kong with the latest. The market didnt get everything done on friday, did it . It is getting the job done. It has been rising. It reached a six year high closing 3 higher. Brokerages and consumer lenders led the game along with exporters. It was more than twice the 30 day average and it was closing 3. 3 higher. Itone point during the day, surged above 17,000 for the First Time Since the financial crisis. It closed out the best twoday gain in six years. It could not get the job done. Holidayy was a public in japan so we were seeing a lot of movement today. Saying itecurities was such a big impact from that additional easing that the that not everything could be priced in during one gain. The fact that japan raised its target for annual purchases of japanese government bonds to ¥80 trillion while tripling its purchases of real estate. T
Sharply on the yield, of course, as the yield goes up, price goes down. The differential has not been larger in a very long time. Interesting state. Yeah. Glad you put that up. People talk about why rates are low versus europe. Good point. Talking europe, there it is, largely in the green. European central bank, by the way, leaving rates unchange as you see, largely a positive picture. They will not be closed for the july fourth weekend. No. They will be trading. We will be, starting with the jobs number on a thursday. The u. S. Economy added 288,000 jobs in june, ahead of estimate, and Unemployment Rate fell to 6. 1 , the lowest number since september of 2008. Remember that month . Yeah. All this pushing futures, as you saw, slightly higher, dow closer to 17,000 having that impact, as i said, on the yield, on the tenyear note. A look here, my friend had a great summary, which sometimes i use, thank you, peter. 194,000 for 2013, Household Survey up by 107,000. Talking about the up empl