Healthy. The european powerhouse posting a mere 2 rise in exports. Irans extreme leader accuses western leaders of, quote, arrogance, after Nuclear Talks fail in vienna. This despite references to a deal will be eventually made. And currency headwinds denting fishers become line. The stocks open in the red after an 11 drop in profits. Youre watching Worldwide Exchange, bringing you Business News from around the globe. And the our top story right now, several buildings and cars in ferguson, missouri, are on fire after protests over a grand jury decision not to indict a white Police Officer after the shooting of a teenager turned violent. The grand jury determined he acted in selfdefense. Browns parents said they are extremely disappointed, but urged the public to make a positive change. We need to recognize this is not just an issue for ferguson, this is an issue for america. We have made enormous progress in Race Relations over the course of the past several decades. I have witnessed that in my own life and to deny that progress i think is to deny americas capacity for change. And across the country, the decision in ferguson sparked mostly peaceful protests. In new york in, crowds chanting black life matters halted traffic in times square. In seattle, protesters blocked a downtown street as they lay down in the streets. In several other areas, protesters bid 44 30 minutes of silence to mark the 4 1 2 hours his body was left lying in the street after he was killed. Hadley gamble joins us now to discuss the outcome of this case. It has fueled a National Debate. It has. It raises the question where is president obama in this . Is the president in control over this . Problems for the president. We have anarchy in ferguson. They had to have known that an outcome like this one would cause problems. Secretary of defense chuck hagel, this is the only republican in his cabinet. Hes just lost out big times in the midterms to a republican congressman. Hes lost the one sort of playing card he had there in terms of getting consensus on iraq. And weve just kicked the can down the road in terms of the iran negotiations. So, you know, its been a tough 24 hours for the president. Absolutely. A busy time for the white house. There are questions around why authorities would announce the decision on this case at night rather than waiting for daylight hours, given the prospect of an uprise in violence that we are seeing in ferguson. That is questionable on that decision. There is also the point had they waited an overnight, possibly the president would have gone out there, he could there been there for that decision. The white house, yet again, trying to distance themselves from these problems. At the same point, this is one of those moments in politics where you need the president to take on a leadership role and were not seeing that right now. We did hear from president obama right now. He addressed the result of the case. The violence continues and does seem to be taking place in ferguson. Do you think we will potentially see another announcement from president obama . Whether it be in Foreign Policy or domestic policy, hes dealing with a barrage of attacks on all fronts right now. Theyll probably attempt to distance themselves from this because, you know, obviously, the president has nothing to do with this directly. Its just an issue. Hadley gamble, were going to leave it there. Weve been showing you those live shots of ferguson, missouri. A fire has been taking place after grand jury does refuse to indecide the Police Officer in the Michael Brown case. Now, these are live shots of pope francis arriving in extrasburg where he is due to address a European Parliament later. Hes set to meet with Jeanclaude Juncker and ma dayo renzi, Prime Minister of italy. So there is pope francis arriving at strausbourg. And take a look at the stoxx europe 600 heat map. A little bit more green than red right now. Even if you take a look at the stoxx europe 600 index, on the back of that better than expected data out of germany, we are looking at the index up right now at session highs. Up just about 1 points or 0. 3 . We should point out that, you know, we have been seeing a rebound in european stocks over the past couple of months. In fact, the stoxx europe 600 index has gained about 14 since the october lows. In fact, germany, greece and france are now up about 15 from their respective lows in october. A little bit of a rebound. A lot of that having to do with the dovish commentary coming from ecb president mario draghi. Can we see results in terms of economic improvement . That is still a question. Taking a look at the euro stoxx 50, this Index Trading in positive territory just about 14 points. As you can see over the past one month, up 6. 5 . Diving into the european markets to show you where were seeing the green, where were seeing the gains, the ftse 100 trading up about 10 points. Well be hearing from mark carney as he addresses the parliament on his latest inflation report. The xetra dax up about 71 points after we did get that read on gdp. It was able to ward aef recessi recession. Markets see that as a positive. France up in the green about 15 points or 0. The . Italy, a gain of 143 point in todays trade. Now, focusing on top stocks in todays hour, Home ImprovementRetailer Kingfisher posted an 1 1. 8 decline in Third Quarter profit hurt by a tough French Market and foreign currency movements, sending the stock near the bottom of the stoxx 600 for one of the underperformers. Take a look, down about 3. 1 in todays trade. Bp billiton lower 1. 1 . And then theres petrofac, extending losses after slumping 26 yesterday on a profit warning. The oil and Gas Infrastructure from net profit in 2014 will come in at the bottom of its range due to Lower Oil Prices and project delays. And then theres lvmh. Shareholders are set to approve the redistribution of shares at a Shareholder Meeting later today. Lets talk a little bit more about that story and bring in stephane pedrazzi live in paris. Where are you . There you are. Hi, seema. Knight nice to see you today. The shareholders today are expected to approve what was announced in september. Lvmh agreed to stop their long running dispute. It lasted for four years. Lvmh voted 23 stake and the fear is that the lvmh would of the company. Now, under the terms of the agreement, lvmh is going to distribute all of its shares to the shareholders and the Company Announced yesterday that the shareholders would receive one share for each block of 21 lvmh shares. The main shareholder of lvmh is now expected to do exactly the same with his own shares, too, its own shareholder. If its approved today by the shareholder, the plan will be effective on december 17th. Market reaction is slightly limited because its not really anything we didnt know. But there is a bit of market action, its likely to be on the 17th of december because the floating part of the capital of hermes will increase significantly from 7 today to 22 after this redistribution. And because no stock Portfolio Managers are likely to whats going on, they are likely to sell their shares. According to some market analysts, we are equity expecting a volume of 450 Million Euros for hermes on the 17th of december and thats roughly 25 sometimes the daily average. Pencil this on your agenda for the 17th of december. Back over to you. We will do that. Thank you so much, stephane. He said treasuries are still cheap despite the 10year and 30year bonds have fallen significantly. So a contrarian view in the bond world. Right now, we are looking at the tenyear treasury yield trade at around 2. 9 . The tenyear bond trading at 0. 77 . Mario draghi has been trying to use his dovish commentary as a way to weaken the euro. Will further pushbacks delay full blown wasnt tafb easing and how does that impact the trade on the euro . That is still the question. Right now, were looking at the euro at 1. 24 against the u. S. Dollar. Now lets bring some Sri Jegarajah in singapore. Over to you. Hi there, seema. The stand out is todays shanghai composite. Youre looking at fresh threeyear highs for the index. The highest close since august 2011. Its all very much basking in the after glowing of that surprise rate cut by the pboc at the tail end of last week. Very different story, though, for the hang seng. Were seeing a degree of caution and consolidation for the hong kong benchmark. The nikkei 225 playing catch up after yesterdays money. The stock up by more than 6 . We got some positive revenue guidance which makes the change for the struggling giant. They said they expect a jump in revenue for its Electronics Division over the next three years. Clearly, the Restructuring Program is start to go bear some fruit here. This is where we stand right now, seema, back to you. Sri, thank you so much. Interesting to see the bombay sensex underperforming. Up about 34 yeartodate. Now, in terms of whats been happening in europe, lets take a look at some of the top stories. Germany narrowly avoided a recession in the Third Quarter thanks to a jump in private consumption. The final gdp reading has done firmed growth of 1 during the period as private investment posted its biggest rise in three years. Meanwhile, the European Commission will not ask italy and france to make further budget cuts. That according to a jou dow jones report. A formal announcement is expected thursday. France and italy have said they will likely miss budget targets agreed to earlier this year. And the head of the bundes bank, Jens Weidmann has spoken out against plan toes buy government bonds. He said the move could be a moral hazard. That has had an impact on the euro. Lets bring in anatoli center societe generale. Thank you for joining us in studio. The dovish comments was cheered on by investors, but now its receiving pushbacks by german policymakers. Will this pushback delay Mario Draghis plans to unveil quantitative easing which by the way is what the market is pricing in right now . I think its a bit of positioning going on ahead of the next meeting in december. There will be detailed discussion based on some of the background work that the ecb has done. And we will see. It is a valid discussion that they need to have. So is it going to be a game of cat and mouse or should we expect some type of resolution to come to place . Well see. Its a very difficult question because one of the issues is really what can qe achieve at this point . I can thats a more relevant issue. And we are very doubtful ourselves. But, clearly, its data will come in lower again. The ecb will have to do something. Lets talk about that data today. Gdp out of germany at 0. 1 . It was able to avoid falling into recession. Does that help or hurt Mario Draghis plan to unveil quantity tiefb easing . Some would say it hurts the ecbs plan. Germany feels like if its economy is doing well, others should, as well, without the need for further easing. Clearly. And we are kind of on a Tipping Point in terms of the economy. There is still a lot of weakness out there and especially on inflation. We cant see in our forecast, we see inflation next year at 0. 7 and picking up just over 1 is for a long period. I think thats the problem. If we get too low inflation for too long, clearly, the ecb will do whatever it can to avoid Inflation Expectations to come down. I think thats the key. Do you think the market is overly optimistic on european markets right now . As i was just pointing out in the beginning of the show, the stoxx europe 600 index up about 14 since the lows of october. But the eurozone is dealing with laundry list of challenges which does include slowing growth, yet markets are rebounding. I think at one point were trying to pursue is that we are looking at potential growth in europe, which is much, much lower than we had before. We are down at 1 maybe. Also on the prospect of what qe can deliver, we see that Structural Reforms is really the key, the way out of the crisis for europe and much more needs to be done. Its not enough as we have it today. And that is also said by the ecb and others. We can add demand today, but it will only have a temporary effect. We are looking at the german dax trading at a fresh twomonth high on the back of that gdp data. Were going to leave it there. Thank you for your time. And coming up on the show, find out why twitter cfo might need a lesson on using his own companys site. All the details on this very private message thats gone viral. And can tiffany deliver the bling . After exceeding earnings expectations last quarter, we ask if the luxury kwuler can outshine its competitors. Plus, we preview the raid decision later today. Toothbrush. Sweater. Extra sweater. Headphones, sleeping mask. Oh, and this is the xfinity tv app. He can watch his dvrd shows from where ever he wants. Hey. Have fun, make some friends. Alright. Did i mention his neck pillow . sniffs pillow watch your personal dvr library where ever you go. With the x1 entertainment operating system. Xhodzties continue to be a focal point for investors. Brent is trading bloez 80 a barrel ahead of opecs meeting. In the run up to the meeting, reports from moscow suggest russia could be willing to cut output by 300,000 barrels a day to support the price. Now, a number of analyst res questioning how effective opec will be in stemming the fall in crude prices. Barclays issued a report yesterday saying failure to take steps to improve market balances is likely to result in rev selling of oil. Socgen says what the cartel will do is better than a command, but commodities think theres a 60 chance opec will do a meaningful and widely shared cut. Arrogance have made their to bring iran to its knees, but they were not able to do so. This after the deadline for a deal on Irans Nuclear program was extended by six months after the country and six world powers failed to reach consensus in vienna. The iranian president said he has no doubt a deal would be made sooner or later. Translator our logic has grown closer. Many gaps have been eliminated. But there are still many steps that need to be taken. There are still paths forward that we must take. Ali now joins us from tehran. What has the response been from tehran on this delayed agreement between iran and the u. S. . Well, seema, the reforms havent been great. It hasnt been an overflow of response because i dont think the separate leaders from gone do town on this. Were going to pick it up from ali once we fix that technical difficulty. Another focal point has been india. The india sensex is paring some gains today, but it did hit a new record height on monday just days ahead of the allimportant gdp number due on friday. Joining me now, julia dickinson. India is up about 34 year to dade. But there is some questions on what Prime Minister modi can achieve. Can he deliver that . This is a turning point right now. Certainly theres been a huge amount of optimism and speculation going into the elections in may, which is what drive prices so much higher. Now modi has a chance to get infrastructure spending, to make it easier for investments to come into the country. This will take some time. What we find refreshing is the sense of urgency modesys going is taking on, pushing local government to streamline the industry. And what were seeing is activities picking up, earnings in corporate profit are starting to improve. What are some other issues or challenges that india is facing including khuram. These are things that will need much time to solve. Well, sure. Some things are going to take longer than others. We think indias economy is probably going to grow about 6 over the nmt couple of years. We also see domestic investment coming back into the market which is why were seeing prices so strong. Domestic investment exceeded Foreign Investment for the first time in five years. The so there is a time of confidence in the market. Both locally and by foreign markets to come into this and take the cross corporates and this provides a tailwind for some of these reforms to come through. Lets talk about sentiment. Since mody has become Prime Minister, hes created a boost to. Theyre afraid they will be called out. What do you think mody has provided in terms of sentiment to indias corporate activity . The very first thing is discipline. He does bring in discipline in terms of financial responsibility, financial responsibility. What were seeing is companies starting to pay down their debts, were seeing leverage being reduced. We see corporate Revenue Growth growing over the next 15 to 15 over the next few years. We expect corporate profits to expand 25 to 30 over the next two to three years. Trading up about 34 yeartodate . It has gone up ahead of earnings. When that happens, well see india become a lot less expensive. Thank you so much for your time. Thank you so much. Headlines out of spains santander, the bank of santander says alvarez will replace the ceo. Jose garcia has been named the head of finance. Executive suite announce manies being made from spains santander, its up about 0. 7 . And ip about 5. 5 over the past one weeks. Banco santander, once of the banks that has had a series of challenges over the next couple of months. We will head into break and leave you this live shot from ferguson, missouri, after riots have broken out after a grand jury decided not to ip decide the Police Officer that shot and killed Michael Brown. Ferguson sees the worst nice of violence after a grand jury decides not to charge a white