That the peoples voices will be heard. Also coming up a deadly rush hour stampede in mumbai at least twenty two people are killed after commuters crowd a Railway Railway bridge and there are fears that that number could rise. And on patrol in a blue drug Traffic Police we report on nigerias controversial efforts to put the brakes on a dangerous driving. Im sorry kelly welcome to the Program Thanks for joining us in spain the countdown is on for a contested referendum in the region of catalonia local authorities are determined to go ahead with a vote on breaking away from spain madrid says that sundays referendum is a legal and cannot be allowed to take place more than seven to. Million people live in the semi autonomous region of the catalonia that you see on the top right of your screen their cattle on officials are calling for a peaceful ballot but thousands of Spanish Police officers have been sent into the region to prevent people from voting. Its hard to ignore whats happening her
A shiite mosque following friday prayers Islamic State group says it carried out the attack two days before the muslim holy day i sure. United states is ordering more than half of its personnel and the Cuban Embassy to leave the island following a series of attacks targeting diplomats injuries have included concussions and hearing loss but its still unclear how they occurred or who was behind them. Germanys former chancellor Gerhard Schroeder has joined the board of russias state controlled Oil Company Rosneft the appointment has provoked control of a city and criticism in germany since rosneft is subject to a you sanctions imposed on russia for its actions in ukraine is to should assess the sanctions are unreasonable. The company is expanding its presence in the International Market i dont record pace this is rosneft image film and in the future their expansion will be done under the auspices of gearhart children or the former german chancellor is joining the Supervisory Board of the
Like well get a positive open, but things reversed yesterday. Financials in particular. Europe you ask, jim, you didnt, but ill show it to you. All five of the big markets. You can see spain is the only loser thus far this morning. Continued strength in the euro markets. Eurozone look i think that draghi im not kidding, no conspiracy theory, keeping the euro lower. Theyre not happy with our president. A lot of unhappiness in a lot of places. Our road map starts with President Trump, as he is expected to withdraw from the paris agreement. The major names opposing the decisions and what elon musk said hell do if the president does withdraw. One of the companies by the way hewlettpackard coming up. Well have ceo meg whitman. Shell join us in an exclusive interview. The earnings which were reported after the bell yesterday. Opaque somewhat given a lot of a good word for it. I said difficult. You have to understand opaque is even more by the way its auto sales day. Out this hour, ford and g
Reform. It was about getting back to basics, investors turned their attention to upbeat reports on the economy, comments on Interest Rates from an influential member of the Federal Reserve and corporate profit t. Dow jones industrial average snapped an eightday losing streak rising 150 points, the nasdaq added 34 and the s p 500 was up nearly 17. Lets start with earnings. The end of the quarter is a few days away, already the expectations are high. Reporter the end of the First Quarter is just around the corner. The bulls are hoping a strong earnings season may provide a market stabilize tore what is likely to be a very rocky debate over tax reform and infrastructure spending. First earnings are expected to rise 10 from the same last year. That would be the best quarterly showing in six years, it might be better than that, the first 12 companies, micron, nike, oracle, theyve reported average earnings gained of about 12 . Those have also seen the best quarterly gains since the Second Qu
Especially after a day like today, where the dow roared 232 points. The s p surged. 61 and the nasdaq ended at an alltime high. I think stocks are going higher not because of politics, but because earnings are much better than expected and the alternatives, bonds, gold, real estate seem very expensive to me. Still after this extraordinary twoday move, i want to tackle head on the notion that the nasdaq is overheated. Because the index blasted through the 6,000 level. And whenever we blast through new numbers, it causes instant soul searching. When we took out the 5,000 level, before unceremoniously diving thousands of points and wiping out a whole generation of investors. Could that happen again . Im not going to dodge this conversation, but i will say that you look at the two sets of stock, the nasdaq of 2000, versus the nasdaq 2017. The stocks that took us to 5,000 turned out to be incredibly expensive on an earnings basis, or just plain worthless. The best way to compare stocks on a