The highest level in nearly three years although german numbers are weaker than expected. And wheels down. President obama arrives in the netherlands with emergency g7 talks in ukraine set to shadow a Nuclear Summit. This as natos Top Commander warns about military buildup on the ukrainian border. Plus, hours after shooting down a syrian war plane, the turkish Prime Minister vows to crush his political enemies rallying crowds cheer as he also steps up the bid to block twitter. Youre watching Worldwide Exchange bringing you Business News from around the globe. Very good morning to you, particularly if you are just joining us in the United States. Welcome, its a Global Trading week here on cnbc. We saw last week the dow was up 1. 5 . The nasdaq up. 70 . Futures concerned, we are taking higher. The Dow Jones Industrial is higher as the nasdaq futures are 9 points above value. We saw ftse down a little bit last week. This morning weve been reacting really to the various pmis weve had comin
Different picture. All ten sectors are winning, intel leading the way on the Dow Jones Industrial average, multiple upgrade including jpmorgan, putting a price target of 29 on intel and this is because they think the pc market will hold on. And the Technology Leading the way but drug stocks, retailers, oil services, a lot of green arrows today. Back to you. Lori thank you. Dennis a warning for cash strapped state after three years of research the state Budget Crisis Task force issues a final report that warned state and local government finances remain in the journey of fixes despite tax revenue, peter barnes live from the capital with more on his first on fox Business Interview with a coauthor of that report. Peter new york state lt. Governor dick ravage who along with former fed chairman paul volcker have been looking at this issue for the last three years, First Financial crisis which ravaged the state and local budgets, collapse in tax revenues as you know her lot of states in citi
York attorney general gave some details in a News Conference yesterday. Our complaint alleges the marketing of safeguards was false, the lawsuit files today charges that it drew to one of the largest in the United States by telling investors it were diving into safe waters when, in fact, barclays dark pool was full of predators who were there at barclays invitation. Kerry geithner, lets take a to usack and explain exactly what this is about, these dark pools and barclays involvement. Dark pools are where the big majority of stocks in the u. S. Are traded. They are dark that forms and we do not know what goes on in these. It is not transparent the way the exchanges are. A broad off investigation into highfrequency trading back in march. We now have a case against barclays. We look at how they allegedly deceived their customers about how they ran their dark holes, which could impact the customers lime bottom line on trade. Dark pools are part of the discussion we had with the fcc, and ot
Think that argument doesnt exist anymore. Its the old bad news is good news. We thought we heard the end of that, maybe we havent. Even so, markets near a record. August, too, consistently bad the last few years. Speaking of the jobs numbers, were they real . Some noted economists are openly saying they dont believe them. They feel things are much better out in the economy than that report suggests, so well try to separate fact from some fiction coming up. Also today, think a gop victory in the senate will be good for business . The conventional wisdom, but think again. At least thats what barney frank says. He wrote about it on cnbc. Com and hell be here to make his case, but hes not going to be alone. Larry will also be here and i have a feeling things might heat up, so stay tuned for what should be a fun debate. Well stand back and let them go at it for a little while. Yes, we will. You saw the dow open lower this morning on the disappointing jobs report, has come back in the aftern
For the new world . We love the canadians and rbc has been great. Intell me what is going on the u. S. Particularly with the stock market. We had this great run and everybody is concerned we are down about two percent year to date, which is really just noise. The real story is that corporate rockets are coming in really strongly during earnings season, the beats are coming in about 2. 5 , and it is all on the margin line, and that is a real surprise for people. I think it is actually a very bullish call or a list signal that profits are up. We have two Big Companies reporting, procter and gamble 121 versus 120, you had kimberlyclark coming up, they beat analysts estimates. But as he said, sales lower, profit higher, what do you think . Expansion of multiple that will lead this market higher . This year in a 2014 will be very different than last year. It is the earnings story that will come through. When a lot of who have been concerned about is the budget, they cannot go any higher, co