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announcer: you re watching worldwide exchange bringing you business news from around the globe. okay. we re back. warm welcome to you. last night, spain did fairly well. not specifically on the data. although given how spain was the real winner last week they might have had a double whammy with the football win, too. we ve got the latest copulation with the 45.1. it s slightly better than the flash which is 44.8. it has just taken the euro dollar back up. not quite on the friday high that we saw. and the final excuse me, the output pmi index, 44.7 against 44.4. and, therefore, the employment index for the pmi, also slightly high. we had these initial numbers out two weeks ago. that would be when i was on the beach in rio. i think that was what you spent your time doing in rio. anyway, the point is they re not great. but they re a little bit better than the initial numbers that we got out. this fella pulls numbers out of china which we ll recap in a few moe ....
response so far. the major european markets are in the green. euro has been bouncing back after trading below 1.25 for five days. bouncing back up to 1.2574. all of this coming as a surprise again because of what we ve been hearing out of germany to this point. you can see the dow futures are up about 120 points above fair value. s&p futures up by 16 points. looks like we re going to have a strong last day of the quarter at least if things last like this through the trading day. let s get more on this morning s top corporate story. uk banks facing a new scandal. britain s financial services authority announcing it s found evidence that banks missold products to protect small business in a rise gints rates. bar clarks h barclays, hbsc, lloyd s and rbs. the uk s times newspaper reports rbs is set to be find $233 million for participating in market manipulation offenses. u.s. judge is ordering barclays and the department of justice to explain if the bank s $453 libor ....
out today with their initial notes. most with a fairly bullish outlook for that company. now, investors may not be buying it because the stock right now is sort of becalmed. down 1.3% at $32.67. more on facebook, but first, let s go to sue at the nyse. yeah. we pick up right there, in fact, ty. one of the analysts with a fresh new note on book is on day of our bc capital markets with an outperform rating on facebook with a $40 price target. welcome. nice to see you. hello, sue. thank you very much. in reading your note, you say there are four primary reasons to own or buy facebook right now. tell me what they are. it starts off with the 900 million active users. this is the asset we are talking about. secondly is the opportunity that they face. this is a highly engaged asset base and a lean structure market or a business structure, rather, where the revenue per head count is higher than anyone else on the street or higher than anyone else in the space and finall ....
let s take a look at where we stand as we approach the final stretch on wall street. stocks opening higher after the gdp report, that was brp expected gdp numbers, as well as manufacturing data, that helped put the nasdaq over 3,000 for the first time since december of 2000. by the way, we re having the round numbers that we are continuing to break 1300 on the dow industrials, 3,000 on the nasdaq. but the market erased the gains. ben bernanke, of course, speaking in washington today. dashing hopes that the fed in fact will implement another round of monetary easing. we re all waiting on any signal of qe-3. we did not get that today. that sent gold and treasury prices lower today. very, very high volume there as well. it was very high volume. unlike the stock market. let s see where we stand as we head into the final hour of trading for this wednesday. there it was, a little minor rally, tepid rally on the opening this morning. the sell-off right at 10:00 this morning ....
welcome to the show. the headlines today, we are looking ahead to davos. we re bringing you all the big hits from out in switzerland. here in the u.s., president obama says despite the hardship, the state of the union and the u.s. is strong and he s making job creation priority number one. and here in asia, markets rebound with the nikkei snapping a four-day losing streak boosted by strong earnings reports. welcome to the show. thanks for watching us on worldwide exchange. let me tell you who i ve got here in london, who will be gauging what s going on in davos to bring us some reaction. bob parker is with us and we ll be here, in fact, for the whole show. two hours i believe we ve got you for. yes. thank you for coming along from credit suisse, senior adviser. correct. we will be getting on to some of the big guests later on in the show and getting a reaction from bob, of course. but in the meantime, let me tell you what s going on in the markets glob ....