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CNBC
Aug 26, 2015 4:00am EDT
prospects. >> it's in our interest that china continue to grow because it will be the driver of many industries like our own. >> the falling oil price continues to take it's toll on transocean. shares slump over 10% after they cut the dividend for the next two quarters. >>> hi, everybody. good morning, welcome to worldwide exchange. we have two hours together. we have a fantastic line-up of guests and we'll be getting a lot of thoughts and analysis on what is taking place at the moment. i'm not sure everybody knows but it's worth discussing the themes we're seeing. it does seem to be a day by day story. despite the fact that we saw the chinese coming through with the measures with regards to cutting rates and cutting their rrr yesterday we still saw a very, very volatile asian session and that feeding through into the u.s. as well. that volatility with the u.s. markets seeing substantial gains yesterday only then to drop into negative territory. a big number of swings taking place in yesterday's session. this morning our european market across the board called lower. many called
CNBC
Jan 5, 2016 5:00am EST
>> china's central bank injects $20 billion in the market in an attempt to stabilize a turbulent start to 2016. >> u.s. equity futures pointing to a regulnegative open on wall street after the worst start to the year in 2008. >> we're getting the first look at a sleek and sporty new concept car today. think part corvette, part bat mobile. worldwide exchange begins right now. ♪ >> good morning and welcome to worldwide exchange here on cnbc. >> buckle up it looks like we're in for another wild market ride today. >> china once again the big story overnight. let's catch you up on what happened. stocks there dropping more than 3% in early trading and then the central bank stepped in. reports that state controlled funds bought stocks and that the people's bank of china pouring about $20 billion into the money markets. that was the largest cash injection since september. also they were likely using state banks to prop up the currency. after all of that they ended flattish to lower but not a huge boost. not at all and they were saying it would further restrict sales and that set up aft
CNBC
Mar 12, 2015 5:00am EDT
fail the tests all together. >> volkswagen moves full speed ahead in china. plans to boost production after posting a record year for profits. we heard exclusively from the ceo and chairman. >> two police officers have been shot during proterss outside the police department at ferguson missouri. this is following a report citing widespread racism in the force. >> welcome to the show. let's bring you breaking headlines coming out of volkswagen. they announced that 2014 profit hit a record high of 17.9 billion euros. they also said they plan to increase china annual production to 5 million vehicles per year. we'll continue to identify more of the flashes. they have also identified half of the 5 billion cost cutting volume program that they have been talking about in recent weeks. coming up in just a few minutes time we do hear exclusively from the volkswagen ceo and chairman so do stay tuned with us for more on that interview. >> absolutely. in the meantime let's take a look at u.s. futures. another ugly day for stocks. the dow and the s&p trading lower as well as the nasdaq but as you
CNBC
Aug 25, 2015 5:00am EDT
bleak in china. the shanghai composite falling below 3,000 for the first time in 8 months. >> dennis lockhart indicates it could delay the hike as they forecast the lift off to march of next year. >> and china's economy bottomed out. brent and wti climb back gains after settling at the lowest level in 2009. >> it was a rough session overnight. housing a big part of the story. we're just hearing from one of the luxury home builders reporting q-3 earnings of 36 cents. that's well below the analyst expectations of 49 cents. revenue was to come in around $1.03 billion and revenue coming in line with expectations. we should point out the stock closing lower yesterday following the broader market sell off losing about 4.7% but year to date up about 5.7%. responding to the housing data over the past couple of months but back to the market sell off. the dow seeing a 4,000 point move in one session. we just captured the highs, lows and where the dow closed. at one point in the beginning of trade we saw the dow down by around 1,000 points. some traders sending me pictures just showing traders
CNBC
Apr 7, 2017 5:00am EDT
./china summit. president trump is meeting with his chinese counterpart later today. a live report from mar-a-lago where it will be taking place. it's friday, april 7, 2017. "worldwide exchange" begins now. >>> good morning. welcome to "worldwide exchange" on cnbc on a busy news day friday. i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well. the top story, u.s. warships in the mediterranean fired 59 cruise missiles targeting a syrian air base overnight. the base was the one used to launch tuesday's chemical weapons attack that killed syrian civilians. a syrian official said the missiles caused material damage to the airfield. michelle caruso-cabrera will have much more on this story, including what president trump told the nation about it last night. that's coming up in a minute. first, let's check on the global market reaction at this hour. >> we did see a market jolt across assets and across the world. u.s. equity futures initially dipped on the news. they have since recovered a lot of lost ground. dow futures are down 15 points. s&p down 2.5. nasdaq futures dow
CNBC
Sep 10, 2015 4:00am EDT
heading for a hard landing. >> dell banks big on china. the firm pledges to invest $125 billion in the country in the next five years in a move that will create 1 million jobs in the country. >> the brokers still love apple. the stock remains on most out perform lists. >>> coming up on the program. s&p cuts brazil's credit rating. also the case against a rate hike is at its most compelling. find out why he wants the fed to wait. we break the latest results later on. >>> something new today. >> new hair cut? >> it is a very warm welcome to london, susan. >> thank you. it's good to be here and great timing to be here. what's happening in asia and how it's effecting global markets. >> the last month or so has been the most crazy. as you say, the real spark for this correction is china. >> it has been about china and what they're going to do with the policy response. do they know what they're doing at this point. people thought what's happening in one corner of the world we don't really care. we don't just have china but the fed. they're saying please don't hike and then the emerging m
CNBC
Oct 16, 2015 4:00am EDT
provide aid. >> i think we should help them with money. >> so it's the china factor today taking it's toll on earnings really across industries. from consumption, luxury, you name it. >> absolutely right. let's dive into some of the numbers affected. hugo boss cut sales and profit targets on weakness in china. business momentum in asia has deteriorated considerably in the third quarter. so stock off 9% on the news. now china also posed the challenge for france's carrefour. it helped off said weakness in mainland china where sales fell 11% on the quarter. but the offset is what we're looking at. now rio tinto is just above flat. although it also has managed to shrug off fears of a broader slow down it said it's on track to meet full year targets. nestle is off 2% from sales in china lagged for the giant after revenues missed forecasts overall. we'll be speaking to the ceo in just over one hour. >> so we're expecting gdp numbers from china on monday and i guess the corporate world is really concerned about how fast the world's second largest economy is growing. gdp data monday expected
CNBC
Feb 10, 2017 5:00am EST
. >> economic data out of asia. china's january trade figures topped expectations. exports grew 7.9% from a year earlier. imports rose 16.7%. those numbers particularly strong and better than expected. we are looking at asian market trade, the nikkei up 2.5%. hong kong up 0.2%. shanghai up 0.4%. >> 2.5%. big rise for the japanese market. weaker yen yesterday. weaker yen this morning. getting economic data out of europe. french industrial production dropping 0.9% in december. manufacturing output sliding more than expected. the uk's global goods trade deficit coming in at 10.9 billion pounds. consensus was for 11.5 billion pound deficit. uk industrial production growing 1.1% in december, up 4.3% on the year. european equities early this hour. green on the screen. led by the german dax up almost a half percent. france is up a quarter percent. the ftse 100 up 0.4%. italy lags again. european yields has been a big story on the politics and the increasing risk priced in by markets of a win by the far-right leader in france, marine le pen. french yields have gone higher. they've come down
CNBC
Oct 16, 2015 5:00am EDT
. >> we do, indeed. the theme is a negative one coming from china which is taking it's toll on earnings for various companies this quarter. let's kick off with nestle which cut it's full year outlook in part because of weakness in china which the ceo describes as a mixed bag. nestle shares are off 2%. hugo boss is off 10%. it stunned investors by cutting sales and profit targets on weakness in the country. the german fashion house said business momentum in asia deteriorated considerably in the third quarter. now carrefour has also been effected by weakness in china. however a recovery helped offset significant weakness overall and we're looking at shares performing nicely despite the softness in china. they're up 4.9%. now plunging chinese steel demand weighed on rio tinto but it's on track to meet it's full year target. they're up 0.4%. >> let's talk about china. how worried should the corporate world be about slowing china right now? we'll get numbers on monday october 19th. this is what investors priced in to show the world's second largest economy is slowing down to below 7
CNBC
Feb 9, 2012 4:00am EST
but not so the bank of england. investors expect more qe. >>> well, china surprised spike in january inflation may signal less wiggle room for beijing to ease policy. >>> and a surprise fourth quarter loss of credit suisse but the coo brady dougan sees encouraging signs for the beginning of 2012. >> it has been a very active market and it's been a strong start for us this year, so i think clearly this year there has been some return of can have can den confidence and some return in the market. >> we'll hear more from brady dougan throughout the course of the show in a very busy earnings s season today here in europe. we've had key chinese data as well and we keep looking at what central banks are doing. it's a super thursday, christine. >>> yeah, it is a little bit. we're watching for what the pboc is going to do after inflation out today suggests a spike in inflation, people expecting 4.1%. so what else is china going to think except that, you know what, any hope of a cut in reserve bank reserves will get delayed as a result of stronger inflation number but, guess what, market react
CNBC
Jun 25, 2013 4:00am EDT
ride in asia with china markets stirring up the high volatility. after yesterday's worst daily loss in four years, the shanghai composite and shenzhen tanked by 5% and 7% respectively midday before bouncing off their lows and ending weaker by just 0.2%. and shares in hong kong also reversed early weakness to finish higher by 0.2%. china's pboc basically skipped the liquidity operations once again today, but the markets turn-around really happened during the last hour of trade, when investors were eyeing the financial board in shanghai, hoping central bankers and authorities will address the credit crisis in a press conference. and after the market closed, a pboc official said the central bank will manage liquidity in a flexible manner and guide money rates to reasonable levels. meanwhile, they're still controlling levels to local government financing vehicles. and on the market, the driver of the rebound was the banking sector. midsized lenders were tanking by as much as 10% in the morning while they expect wealth management products maturing in the last ten days of june. and hong k
CNBC
Jan 3, 2017 5:00am EST
. >>> trump tweets. the president-elect taking aim at china on the same day we're expecting his big trade nomination. >>> and ready for takeoff. spac spacex pilots its first launch since its september explosion. it's january 3, 2017, and "worldwide exchange" begins now. ♪ >>> good morning. very warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost along with seema mody. good morning to you. >> good morning to you. happy to be here. >> let's get to the global market action. 2017 has started on a positive note. last week was a little bit lackluster, 2016 fizzling out. we saw about 1% of declines for the week as a whole. big gains, though, for the year as a whole. the dow ending up 13.4%. the s&p 9.5%, the nasdaq 7%. so seven positive years in a row for the dow. let's look back at today's futures market. they are called higher today. we have a general risk-on trade. u.s. futures expected to open very prominently higher. the dow called higher by almost 150 points. ten-year treasury note for you as well, quick look at that, had is at 2.496% this morning. not too much movement
CNBC
Aug 2, 2017 5:00am EDT
. >> new overnight, the white house is weighing aggressive trade action against china details ahead. >>> apple set to open at an all-time high after reporting a big earnings beat. we'redigging inside those numbers. it's wednesday, august 2, 2017, "worldwide exchange" begins right now. ♪ >>> good morning welcome to "worldwide exchange" on cnbc. i'm sara eisen >> i'm dominic chu in for wilfred frost. always nice to wake up to a little carlos santana. >> we always have a good soundtrack on "worldwide exchange" to get you going let's check out the global markets. the dow closed at its 31st record high of 2017 yesterday. the gape gains are set to conte thanks to apple. dow futures up 34 points nasdaq futures up 41 s&p is flat to slightly higher apple set to open at a record high after third quarter results last night the company topping expectations more on that in a few moments. let me run you through some highlights the guidance for revenues next quarter, which everyone was looking for as an indication of what they're expecting in terms of the next big launch of the iphone 8 was stro
CNBC
Aug 28, 2015 5:00am EDT
worldwide exchange. let's get you caught up on the headlines. china pumps more liquidity into money markets. this as one beijing official blames the fed for the recent market sell off. oil begins to reverse yesterday's obstetrical letter gain which saw wti reach highs not seen since march of 2009. digging in, investor carl icahn snaps up a stake he wants to talk about capital spending and cord cutters take a snip out of media stocks but can they turn it around? we'll hear from the chairman of charter communications and talk about the mega merger with time warner cable. >> now the chinese central bank announced plans to inject 16 billion yuan. it's latest move to put a stop to further he request ity declines. let's get straight out to sri following this china story for us live in singapore, sri. another move by the chinese central bank. >> that's right, seema. i think this is only really going to benefit sentiment in the markets and the economy at the margins and this has been a consistent pattern to try to restore the liquidity balance in the money markets. remember as a result of t
CNBC
Jul 27, 2015 5:00am EDT
saying china really the big story today heavy losses in china's "a" share market with the shanghai composite posting its biggest one-day drop since february 2007. energy stocks were among some of the worst performing stocks with china oil services ss off to 10%. >> i think it's quite staggering. you have to understand that the volatility, despite the best everythings from beijing is not going away. there's still a lot of leveraging to go in the system. margin debt is still quite high and systemically it does pose a risk for the market. so the question, we have to ask, what happens for the rest of week? is beijing going to reconfirm that commitment to the market? are they going to send a message that they're going to be there to backstop this market to stabilize the market and to ultimately buy the stocks in order to do that? so that's one thing. the other thing is the data continues to underwhelm. case in point today, industrial profitability contracted in the month of june by 0.3%. we did see an expansion in april and may. so we broke that cycle in june. so that was bad news in te
CNBC
Mar 9, 2010 4:00am EST
>>> woke to the show. the headlines for today, we're watching china. the ex chief says capital will flow into the nation this year with expectations of strong growth. >> and meanwhile, speculators prepare as the greek p.m. prepares to meet with the u.s. president. >>> and in the united states, it's the first birthday of what you can call a bull market. >>> welcome to "worldwide exchange." i'm christine tan here in asia where it's 5:00 p.m. here in singapore. let's get a quick view of where asian markets are trading or have closed for the session today. a mixed picture across the board. nikkei 225 is down 0.2%. the stronger yen hurting the exporters there. but remember, this market rose to six week highs yesterday. the hang seng pretty much flat. the shanghai composite rose 0.5%. a flurry of comments about the yuan. that seems to be keeping investors focused there. and elsewhere in south korea, this is how the picture is looking. pretty much flat picture. bombay sensex trading off a little bit and the aussie market up 0.3%. business confidence is strong and we had strong job advertis
CNBC
Aug 1, 2012 4:00am EDT
trading days. >> we'll be back in a little bit for more. in the meantime, china's official pmi data differs from hsbc's private version but for economists the take away, the world's second largest economy may be hitting bottom. >> hsbc's pmi showed a slight improvement in activity while china underwhelmed. china's official pmi focusing on state-owned enterprises while hsb looks to medium to small companies. china manufacturing dropped to the lowest point in eight months. index contracted more deeply in july than june plummeting to 46.6. the hsbc/china pmi rose to highest reading since march. most indices showed a contraction. economists suggest china's economic slowdown may have hit bottom in the second quarter but many argue there's no question that china's manufacturing sector is doing very poorly and requires policy support. china's top leaders seem to be he can koeg the view. state media say the president and premier have promised to dial up fine-tuning in the second half of the year to prop up the economy. we may see a pickup reflected later this year. >> let's get back out to
CNBC
Jan 5, 2010 4:00am EST
, a lot of upbeat manufacturing data coming from china, india as well as the u.s. that is fueling some of the risk appetite coming from asia. let's take a look at the charts here. the nikkei 225 touching a 15-month high briefly. 0.3% higher. the hang seng rallying today, together with the shanghai market, up 271%. commodities feeling much of the rally, energy plays, as well. in australia, that market is up 1%. commodities also a big thing there listing the market. the bottom day sensex is up 0.6% and the kospi is the only market on the down side today, down 0.3%. a lot of action happening here in asia yap the. >> here in london, of course, it's 9:00 a.m., 10:00 on the continent. european markets have been trading for just over an hour. let's take a look at the performance. the smi down 0.6%. nestle, perhaps, the reason for that today. but the markets have had a stunningly good rally. they closed yesterday at highs that we haven't seen since the 2nd of september 2008. bertha, good morning to you. >> good morning, steve. it was a huge rally to start off year here in the states with
CNBC
Sep 16, 2015 4:00am EDT
despite weakness in china. >> up to 30,000 jobs are set to go at hewitt palett-packard. cnbc speaks to meg whitman later today. >> let's get straight to markets as susan said in the headlines there. a late rally in asian trade. really only in the final hour seeing the shanghai composite close up by 4.9%. also hong kong as well as you can see up about 2.4%. it had been so far pretty weak in asia. especially in china the last couple of days but a strong finish today fuelling speculation that the government may have intervened. also possibly playing catch up with europe and the u. s. the volumes have been subdued. the 10-day average volume in shanghai has been steadily falling all through september. it was the last week of august where we saw volumes spike. let's look at european markets. quite a surprisingly positive start to the weekend. last week was strong and of course we have the uncertainty ahead of the fed meeting. another descent day today. germany up the best part of 1%. france up just more than 1%. right. as we said, the big rate debate is on and we're continuing to talk about
CNBC
Dec 11, 2009 4:00am EST
>>> woke to the show. looking at china, more signs that the country is rebounding strongly. >> i'm ross westgate, in europe, the greek prime minister plans to cut government spending by 10%. >> and here in the states, the pay czar, ken feinberg, is poised to issue his next wave of rulings today. >> and welcome to "worldwide exchange" this friday. i'm christine tan in asia where it's 5:00 p.m. in singapore. let's get a quick view where asian markets are trading or have closed today. green across the portion with the exception of china nap let you more about that. strong growth coming from china. giving a boost to many of the asian equity markets today. the nikkei 225 is up 275% on the china news. the weaker yen giving ex importanters a bigger lift. well, that moves a bit fast. the kospi is down 0.25%, the bombay sensex is down 0.2% and the aussie market is up 0.6%. this is how the ftse cnbc global 300 index is looking, see that big surge, up 0.5%. 4,510. ross. >> we're now one hour into the trading day. banks are continuing their rebound that we had yesterday. no worries about the d
CNBC
Jan 19, 2016 5:00am EST
>>> good morning. breaking overnight, china gdp growth hits a 25 year low. >> asian stocks closing higher. major european averages off to a positive start and u.s. equity futures pointing to a strong open on wall street. >> and whatsapp. how there trying to change the way businesses reach customers. heres' a hint. money's involve. it's tuesday, january 19th, 2016 and worldwide exchange begins right now. u.s. equity futures pointing to 230 points on the dow. >> first sad news to deliver from the world of music again. glenn frey died at age 67. you'll know he formed the rock band the eagles in 1971. more on his legacy later in the hour and we'll be remembering him through his music throughout the hour as well. >> absolutely right but first the big stories we're watching at this hour. that's the weakest reading since the financial crisis though it was in line with estimates. 2015 full year growth coming in at 6.9%. the slowest in 25 years. chinese stocks rising in late trading. the rest of asia also closing a little bit higher. japan up .5% and shanghai comp up 3%. eunice will join us
CNBC
Jul 9, 2015 4:00am EDT
least six months. that's the most drastic move authorities in china have taken so far. take a look at the numbers here. shanghai up 5.8% as you said because single session percentage gain since 2009 but the wig question now is this is okay -- this is good. it's a nice change but will it last? it's taking a long time but interestingly we are getting criticism from foreign shareholders now, a and p down in australia, the big financial services firm one of the first to voice their criticism of this interventionist approach by chinese authorities. they have reason to be not so happy because their flag ship china capital growth fund was worth before it started 440 million australian dollars but since the route it's down to $272 $272. here's the bad news. there's a lot of buzz in the market. one of the reasons why we had such outside gains in the chinese markets today, the authorities in china could be on the cusp -- could be ready to take policy action to try to support this market here. what we're talking about is we have heard phrases thrown around like we'll do whatever it takes. can yo
CNBC
Aug 26, 2015 5:00am EDT
>>> china steps in with another cash injection. this is following the fifth rate cut in 9 months. >> roller coaster ride set to continue. u.s. futures pointing to strong gains for the dow just a day after the blue chip index staged it's biggest reversal since the heart of the financial crisis. >> the oil price continues to take it's toll on transocean. shares slumping over 10% after the offshore driller seeks to cut it's dividend for the next two quarters. >> a strong performance in the u.s. and u.k. offsets weakness seen in emerging markets at wpp. the chinese volatility is not a reason to write off it's prospec prospects. >>> welcome to the show. it's the trade out of asia, china in particular catching the eye of the bank. it will inject 140 billion yuan or $21 billion via short-term liquidity operation loans. this after the shanghai composite posted it's fifth consecutive session of declines despite yesterday's rate cut. as you can see down 1.3%. let's get the word from sri wrapping today's asian market trade for us. >> let me talk about this operation to inject 140 billion yu
CNBC
May 16, 2016 5:00am EDT
commodities. the details straight ahead. >>> new this morning, apple ceo tim cook arrives in china on which many are calling a charmed offensive. a live report from beijing coming up. >>> your money, your vote. donald trump weighs into the brexit debate. we'll tell you what the presidential nominee means for the uk and u.s. relations with britain if he's elected. you're watching "worldwide exchange" on cnbc. >>> good morning, welcome to "worldwide exchange" on a monday on cnbc. i'm sara eisen. >> i'm wilfred frost. we'll bring you up to speed on what the markets are doing right now. last week we ended half a percent to 1% down for the three major averages. those declines really coming on friday for the rest of the week looking pretty much flat. today we're looking at a slightly positive open but not too significant. the dow falls higher by 24 points. the s&p by 3.4. and the nasdaq by 7 points. the ten-year note as we know in and around 7.5% the last couple of weeks. and it's towards the 1.7 level right now. 1.714. >>> as for the global market picture, traders shrugging off economic da
CNBC
Mar 21, 2012 5:00am EDT
on some of the concerns over slowdown growth in china. there was concern about the headline miss on the housing sector data we saw. in terms of decliners it was energies, industrials, and materials. surprisingly the financials did hold up yesterday in terms of decliners. we saw them outpace advancers by two to one on the stock chloe, how is it looking in asia? >> once again slowdown fears. overall the losses were pretty minor, and there was also a lot of flat lining action as you can see, ditto for the hang seng and also for the shangs hihai compo. the official data suggests that china will continue to consume record amounts of iron ore. that was not the focal point on investors' minds. they were more concerned about high energy prices, what that's going to mean for growth. plus, don't forget we get flash pmi numbers out from china tomorrow, so investors will be able to gauge the extent of the slowdown and the big earnings from banks. that's going to kick off as well. it will be the first to release earnings. remember, the lending earnings have been relatively weak, 'tis the price w
CNBC
Aug 16, 2012 4:00am EDT
evans. these are your headlines from around the world. >> foreign direct investment into china slow more in july which could jeopardize the 10% annual trade target. >> cisco reports better than expected earnings. the ceo is more upbeat about u.s. and asia but cautious on europe. >> samsung ratchets up its tech wars. u.s. judge calls for peace in the bitter patent dispute between the korean tech giant and apple. >>> and brazil unveils a $66 billion stimulus plan seeking investment in its highways, railways and other areas of infrastructure in hopes to revive its flagging economy. >>> okay. welcome to today's program. u.s. -- u.s. -- >> america. >> is this a head fake with this economic data? >> better tone. i'll tell you what to watch. jobless claims, 8:30 a.m. this morning. they have been holding in there, showing the market is holding up. if they flag that's when we get nervous. >> big thing. we look at gold and what the dollar is doing. >> look at what's happening with the treasury market. it's remarkable. >> exactly. >> yeah. >> remarkable in the context of where -- >> context of
CNBC
Mar 1, 2010 4:00am EST
positive. >> what about things happening from china? data showed that manufacturing was slowing. is that a key concern? >> the major concern in global markets is coming from asia, from china in particular. precisely because it is growing so fast based on excessive or very strong credit boom that we've seen the last year and also in january. so that credit growth is not sustainable at this pace and historically the same thing happened earlier this century and also this decade between 2003 and 2005 where you had a similar decline in credit growth in china which was a period that china underperformed and declined slightly as the rest of the world was rising. it's time to be cautious in china. we're underweight that market for the time being. >> i'm interested on your greece comments in particular. and interested also on whether or not you think that we could potentially see or having to revisit the same issues with some of the other european countries including the u.k. which is facing similar difficulties on their balance sheet such as what we've seen in greece and in spain for exampl
CNBC
Oct 9, 2015 4:00am EDT
despite the federal reserve keeping markets on their toes. >> alcoa catches china's cold of the largest aluminum producer lowers it's supply forecast sending shares down in after hours. >> vw feeling the heat from congress as the u.s. chief michael horn blames individuals for that emissions cheat. this as they say the fine should fit the kicrime. >> there's talk between europe and the u.s. on what reasonable and effective fines will be. let's not go over the top here. >> shares in glencore jump after they will battle zinc production. the move lifts stocks across europe. >> hi, everybody. good friday morning. glad you're with us to wrap up the week together. our european equities this morning flat to a little bit higher. the shocks europe 600 higher by .5% now. our main european equity markets this morning, this is what we're looking at. ftse up by 0.3%. ftse mib by .5% as well. quite a bit of green. our memories escape us. let's see what type of week it's been so far. since monday's trade we've seen a rally there. the ftse 100 on the week higher. the dax up by .5% and the cac up
CNBC
Oct 26, 2009 5:00am EDT
the dollar and that the chinese, an article in china saying the chinese should actually raise their stakes when it comes to their share of yen and their share of euro that's hit the dollar this morning, but it's not helping gold right now. we've got gold down about four at $1,054 an ounce. >> let's get to our guest host, the chief economist at independent strategy and will be with us for the next hour. and bob, you're going to teach us a thing or two. teach me about psychenomics. but you say it's less about that and more about psychotics. >> i think what we're arguing is you can't say there's one model that works well. we've proved that in this credit crunch that the so-called free market and with what they light touch regulation has produced excessive risk taking and a huge credit bubble, on the other hand you can say the model used in europe where you have quite a lot of regulation, still a big position of the state's sector sends the whole growth down and does not allow the opportunity for expansion. two models. some work, some don't. france, everybody loves it, italy doesn't wor
CNBC
Dec 10, 2015 4:00am EST
across the board. >> syngenta jumping at the open today on a report that chem china could be considering a multibillion dollar bid for the swiss agrigiant. >> power play, edf boosting it's power target this year thanks to stronger new output in france sending shares sharply higher. >> let's get straight to the market action. glencore shares trading higher after debt retux plans. the company outlined an ambitious net target between 18 and $19 billion next year. along side this the mining and trading company plans to cut capex as it grapples with a continued commodity route. share prices up 10% in london trade. that's also helped boost the mining sector more generally and one has to say, susan, that glencore has handled this latest head wind it's faced pretty well. if we rewind just a couple of months, wouldn't think it would have managed to reduce debt targets so significantly. >> yeah, credit default swaps were pricing in a 50% chance of default from glencore. the stock is still down 70%, you know, at one point we were down 75% on the year but is this really good news? becaus
CNBC
Apr 1, 2010 4:00am EDT
higher across the board. a lot of this data based rally. official pmi out of china rose 55.1 in march from 52 in february. 13th month of expansion. some say, hey, this strengthens the case for those who are arguing for an appreciation in the chinese currency. we also had another pmi report which was even more positive for china, also shows very promising trend for south korea, for taiwan, helping to support the market over here today. and asia's biggest shipping stock doing well after the baltic index rose for the first time since march 15th. all in all, a positive day on this side of the globe. the ftse global 300 as we get a board up to that. higher by 0.4%, 4,623. nicole. >> lisa, very good morning to you in the united states. it's 4:00 in the morning here on wall street. for the quarter, we were up about 5%. but yesterday we ended the quarter on a little bit of a sour note with the dow down about 50 and the s&p off about 3. dow futures, though, are up significantly at this hour. 57 above fair value. nasdaq futures up about 10 and s&p 500 futures up about 3, lisa. this, of co
CNBC
Dec 14, 2016 5:00am EST
outspoken critics making their way to his turf for a meeting today. >>> and china issuing a stern warning to president-elect trump's recent criticisms. a live report from beijing on the way. it's wednesday december 14, 2016. "worldwide exchange" begins right now. ♪ >>> good morning. welcome to "worldwide exchange." i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well. >> let's check the global markets after another solid day on wall street took the dow up not quite to 20,000. >> so close. >> above 19,900 for the first time. futures not doing a whole lot. the nasdaq yesterday stood out. technology finally caught up after weeks of underperformance with the nasdaq surging a percent. dow futures down 8. s&p futures up 1. nasdaq futures up 3. a lot going on today, including the fed decision. news conference from janet yellen, dot plot from the fed, economic forecasts as well. the ten-year treasury note yield is sitting at 2.44. we're sort of within the range, towards the higher end of the range of where we have been. bonds look like a sell. the stock market conti
CNBC
Feb 29, 2016 5:00am EST
overnight. china devalued its currency for a fifth day in a row. a lot of folks pointing to that, the shanghai composite down 2.8% in shenzhen. and another index over there, even stronger down 5%. hang seng in hong kong down 1.3%. and nikkei down a percent. let's show you what's happened in europe, beginning the trading week on a lower note, with the dax in germany down more than 1%. it's sort of a risk opt day. buying the yen and selling stocks around the world. >> let's dive into the asian market. sri jegarajah joins us from singapore. >> good to see you. the chinese markets once again in the cross hairs of the selling pressure. shanghai composite. a couple of factors pressuring stocks. nothing concrete drawing a line under the global economic slowdown from the g of the 20 in shanghai. we continue to see depreciation in currency. a new dynamic is that we're seeing strength in the housing market. that's creating consequences in the stock market because it's siphon something of the credibility away from the main. that's the reason we have the declines. we did bounce off the worst
CNBC
Jul 10, 2009 4:00am EDT
. we have china calling for a reform of the reserve currency system. why are they doing it? they hold so many dollar treasuries. >> they can mention whatever they want, basically, and they are doing it and i think that's largely a political consideration. the large emerging countries led by china are jockeying for more influence in the dominant international forums in our organizations such as the g-7, the g-8, if you like, and the imf. and one way to do it is to raise that issue with respect to the dollar and in specific terms, for example, they could increase the influence in the imf by becoming creditors, lenders to the imf because it's easier to lend to the imf than change the shareholder structure of the ifm which is still dominated and will remain dominated for a while by the old g-7 countries. having said that, it's a political issue and the result will be that they will have a greater say because specifically these countries have grown in significance over the past 20 or 30 years. >> so they're exercising their muscle, basically. >> yes. they're flexing their muscle and i coul
CNBC
Sep 3, 2015 4:00am EDT
directed toward greece at the last meeting but continued because of china reasons, the unwarranted tightening has been rate cuts so you can't rule out anything going into the day. >> why not let markets settle a bit and be thinking we have to come out of this at some point and it's going to be harder to unwind. >> it's hard to translate one month of market volatility to any sustained draw down of the economy. by buying themselves another two meetings they can see what exactly is this. you do get early trade data out of asia early in the month. it suggests that some of the chinese data, for the trade numbers next week, could be some of the worst since the global financial crisis in terms of the pull back we see there. we saw a pull back in u.s. trade as well. industrial production in emerging markets may have contracted by 1% which would be the most since the global financial crisis so there's rough trackings to suggest that august was a bad month but there's also the port issues that went on and the shutdowns that went into the world war ii parades for china. nothing is going to co
CNBC
Aug 18, 2009 4:00am EDT
think china is definitely important. there's no -- and, of course, they also own a time of treasury. and also, the shanghai composite was expecting 2009 lower and the fact that now the shanghai composite is down almost 20% from the top almost two weeks ago could be a bit of a concern. for if we're just looking at stocks. looking at china, i think recently there's been a a lot of speculation about how large a degree the speculation inside of china in commodities has been playing out a factor in this market. definitely there's been a huge impact on australia and the perspective going forward for us, also, the anticipation for australia and we have some indications that even the western hedge funds have been becoming active as physical speculators inside of china with regard to commodities. and i think that's a bit worrying. because also, the way the stimulus packages have been working is that they really have not been active yesterday. so the big infrastructure projects have not begun yet. so there is been a huge stockpiling of commodities in china recently. >> david, what is the euro
CNBC
Jun 24, 2013 4:00am EDT
markets today coming off the back of weakness overnight in asia. the liquidity crunch in china really causing worries for a lot of investors out there. the business climate index just being published. 105.9 for the month of june. that's versus a consensus for 109.6. 109.4 for june. slightly shy of what consensus forecast had been bibunot by much. just looking at some of the other things they are saying this morning. stating that current conditions stand at 109.4 in june. 109.6 was the expectation again. and we're looking at no revisions being made to may. the business climate index, 105.9 in june versus consensus forecast of 105.9 the previous month. so current conditions coming in slightly weaker than what had been anticipated when looking at the current conditions index. the expectations 102.5 versus consensus for 102. expectations slightly higher and at the same time, current conditions slightly weaker. so net/net, relatively in line forecast or relatively bang in line efo index coming through. the euro/dollar just a little higher at the moment. 1.31. current conditions slightly li
CNBC
Nov 8, 2013 4:00am EST
came under pressure ahead of the u.s. jobs data. in china, better than expected october trade numbers weren't able to lift markets. with investors still focusing on the party meeting and inflation data due out tomorrow, the shanghai composite ended lower by 1%. meanwhile, the nikkei 225 lost 1% falling to a one-month low in south korea's kospi and down 1% as samsung electronics continued to tumble as its dividend plan disappoints. china's financials trade lower on the certainty over reforms in the sectors. brokerages led the losses with haitong and southwest securities falling by about 7% in today's trade. beijing plans to launch a third round of bid toes develop its -- before the year end. and compared to the last round, all major state owned oil majors will participate in this auction, showing confidence in the sector and shares are off their session lows, but they're still in the green at the moment. back to you, reduce. >> sixuan, thank you very much indeed for that. >>> still to come, as sixuan said, will china's third party please or disappoint? we'll see what economic r
CNBC
Sep 17, 2012 4:00am EDT
risk off the table? >>> january sneeze factories in china shut down as violent protests escalate. the u.s. urges calm saying good relations are in everyone's interests. >>> spain's leadership is divided by bailouts. reports suggest the prime minister wants to avoid full sovereign aid although the finance minister is ready for a rescue. >>> and india's central bank frees up new cash by cutting reserve ratios for lenders. but the rbi keeps its key rate on hold muting the government's push for more growth. >>> start of a brand new week. >> yes, it is. >> you've been busy i understand. >> that's right. so this weekend, went and caught a couple fashion shows here for london fashion week, and i have to say, it was quite the scene. basically everyone standing around taking pictures of one another. this was pretty extraordinary. almost like you're looking at modern art, trying to appreciate it? no, this was one of those where you showed up and she's a favorite of the middleton sisters. >> stuff you can actually wear. >> absolutely. you sort of wonder aim going to wear a black glitter bat
CNBC
Jul 18, 2013 4:00am EDT
german software giant warns that softer growth in china is hurting sales. >> we see the slowdown of the economy in china affecting the countries around china. we have reiterated our guidance for the full year on operating income, which means we're managing to the situation in asia. >> challenging conditions in asia are also dragging on ericsson as the mobile network equipment supplier disappoints with weak second quarter earnings. the market also waiting for nokia numbers with the hand setmaker expected to confirm that losses have narrowed. and it's decision day for dell as shareholders are set to vote on the company's buyout offer. carl icahn who is leading the bid against the deal got the last word right here on cnbc. >> i've never seen one as bad as this. i really mean it. i've never seen anything where they actually go out and they scare their own shareholders. >> and another big name investor causes quite a stir on cnbc's delivering alpha conference. nelson peltz calls for a shake-up in the food industry urging pepsico to merge with mondalese. >>> good morning, welcome to today's s
CNBC
Sep 3, 2015 5:00am EDT
. >> and a show of military might. china puts it's economic woes to one side as it holds it's harjest parade ever to mark the anniversary of its victory in japan in world war ii. >>> you are watching the second hour of worldwide exchange. for our viewers in the u.s. good morning to you. let's get a look at u.s. futures. a big rally with the dow gaining over 300 points thanks to a surge and rebound in technology shares. apple imb, a lbm a lot of playe rebounding. the dow with a nearly 300 point gain. s&p 500 with a gain of 35 points and tech heavy nasdaq above 4,007 period 00 of 113 points in yesterday's trade. bio tech playing a role in the rally. european markets are sharply higher. we did get the encouraging euro zone number coming in at a four year high. that's encouraging for the bulls out there. we also have the european central bank policy meeting. expected to strike a dovish tone. still questions as to whether he will extend quantitative easing given the market turmoil. we will have live coverage of that ecb meeting. in the meantime we're in rally mode up 1.8% for the xetra dax
CNBC
Aug 13, 2015 4:00am EDT
>>> a very warm welcome. this is worldwide exchange. >> china in a fix. the pboc dismisses claims the currency is heading for a 10% devaluations. >> a major reversal on wall street. profits beat expectations. >> investors feast on nestle after they win a court case in india over a ban of its noodles and says the recall impact will be limit td. >> the death toll from a massive explosion in the chinese sport city jumps to 44 according to state media. hundreds more are injured as shockwaves destroy a vast industrial area. >> china's central banks reassured markets about the country's currency. it says a strong economy, sustained surplus and ample exchange reserves give strong results to the exchange rate. they also dismiss speculation of a possible 10% for the currency. it weakened for the third straight day as the pboc lowered it's range yet again. however the gap between the guided rate and traded rate has narrowed. >> repercussions of china's move to devalue it's currency a big topic of discussion and the negative impact on exporters. however some are taking advantage in the drop
CNBC
Sep 30, 2015 4:00am EDT
china reveals it had and will have it's sales tax on small cars starting tomorrow. >> investors cheer a positive out look from sainsbury after they will beat full year profit forecasts. >> russia approves the use of military force abroad in a move that could see boots on the ground in syria. >> good morning. we have a rally on our hands. the xetra dax bouncing back after two days of losses. glencore continuing to bounce back after it's 30% fall we saw on monday. the cac 40 with an impressive gain of 1.8%. yesterday the levels we saw at the close took us to the lowest levels since 2015 but since then a little bit of stabilization in the u.s. markets but also a rebound in the asian markets. speaking of, let's have a look at those as well. we were at 3 year lows but we moved off that thanks to the rally we're seeing under fold today. we're up by 2.7% despite disappointing industrial data we got out of that market but clearly ignoring that but still probably a little bit of caution in these markets given that tomorrow we'll get the chinese pmi numbers. >> just in time for october 1st. let's
CNBC
Sep 7, 2016 5:00am EDT
major opportunity from a consumer standpoint, that is basketball in china. listen to what he said. >> it's relevant. the consumer is behind it and the government is behind it. it's a low entry. it's unique. there's a difference between the way the basketball is played in the west and played in china. you've got a billion people finding fitness and finding athleticism. here it's about expansion. i think basketball remains a massive opportunity. it's over 300 million chinese play the sport of basketball or fans of basketball. if you can crack the code on china, it's a massive step forward. it's one you see from the under armour brand you'll feel positive about. >> you're throwing out numbers how your china business as increased: doesn't bother you your competitor has $4 billion worth of chinese sales. >> there's red oceans and blue oceans. i like blue oceans. we see the ability here in china. expanding the overall pie is what the opportunity is for us. everybody is going to win. we know there will be some losers as well. being a brand is not just we sign an athlete, make an athletic
CNBC
Aug 18, 2015 5:00am EDT
. it sees china's currency depreciating versus the dollar by the end of next year. >> joining us live from houston is the chairwoman and founder and cnbc contributor. we're talking so much about emerging market weakness and china weakness on the show. do you want to dip your toe in the water and buy some of the emerging market assets? whether it's currencies, equities or bonds? >> it's one thing after the other. there was always the potential of the booming fed hike. the weakness in commodities continues to be a huge, huge difficulty for a lot of these commodity exporters and now you have the volatility and the trouble out of china. so the major incident that happened in bangkok doesn't help an already fragile market. too many fundamentals are stacking up and you need some of those to go away and that's not happening yet. >> it's seema. good morning to you. some say china's currency move could delay a rate hike. it's data dependent so do you think a september rate hike is still on the table despite the moves taken by china as of late? >> i actually think more than just china was going
CNBC
Feb 20, 2012 4:00am EST
needs to be done to make the numbers add up. >>> china cuts and the pboc first rrr cut this year. japan posting its worst trade deficit on record as demand for japanese goods slumps and s&p warning of a ratings down grade if tokyo fails to control its growing public debt. >>> and brent hits its highest level in eight months after sales to france and the u can k. >>> so it's monday, the first wo "worldwide exchange" of the week. it's also presidents' day in america. u.s. markets are closed which means we're going to bring you more coverage from here in europe and asia. we don't have a u.s. anchor today, an extra hour of the show. what we do have is becky with us for all three hours. >> a special treat for me. i get to spend an hour with you, ross. >> a special treat for us is what you mean. great to have you on the show. so becky is with us along with christine. it's also decision time for gree greece. i feel like i've said that before. finance ministers are in brussels today and they are expected to approve a second bailout. eurozone and ecb officials had a conference call last n
CNBC
Jan 6, 2016 5:00am EST
a world of worry again from china growth fears to investors here at home. we have it all covered for you. it's so good that you're here with global investors on high alert. all the threats right now coming internationally. geo politics, economics, you name it. >> it's great to be here and discuss it but the real expert is coming up which is special guest peter oppenheimer to add all of his perspective north korea with it's first hydrogen bomb test. it could be the first nuclear test since 2013 and continuing un sanctions, the white house national security council not confirming the test claims just yet but in a statement a spokesman called on north carolina to abide by it's international obligations and commitments. >> the global market on edge as the situation does of course add to already existing geopolitical uneasy. u.s. equity futures under pressure. they're down to the tune of about 20 points the s&p. dow down 162 points and the nasdaq called to open lower by 46 points. most of asia ended the session lower as well. shanghai quarter this week but there we have japan down some 1%
CNBC
Mar 20, 2012 5:00am EDT
south on china growth concerns after bhp billiton sees flatter chinese demand for iron ore. >> you're watching "worldwide exchange." great to have you with us this morning. let's take a look at the u.s. futures and see how we're setting up for trade on wall street. dow would be lower by 23, nasdaq by about 5 1/2 and the s&p 500 lower by 3. this after stocks finished modestly higher on monday. of course apple's plan to return cash to shareholders and its stock buy back as well as positive m&a news gave us positive sentiment. we saw the tech it and financial sectors leading the way forward. the only sector in the red yesterday, utilities. >> yeah, but despite that relatively positive andover, take a look at how the asian session faired. quite a lot of red except for the indian market. turnover wasn't all that great. japan out of session for a public holiday and also once again china slowdown concerns front and center. a couple of factors. number one, there are comments from the chinese elite that policy still needs to remain tight even if growth levels slowed down. we also ha
CNBC
Jul 3, 2017 5:00am EDT
world sentiment beat expect aboatione. and in china, pmi also topping expectations in the month of june touching its heist level ighest three months and you have the china bond program with hong kong taking off. you can see a positive session in asia, japan, the nikkei there seeing a gain ever around .11%. hang seng tlat on tflat but alse green. and let's take a look at europe. early trade there, data in focus. manufacturing pmi rising to its highest level since 2011, fwauling short of consensus. we're weighing taiting for the meeting to kick off where geopolitics certainly will be in focus. dax around.07% and so perhaps starting second half on a strong note. >> strong gains for sure for those european markets as for the macro picture, you can see strength in oil prices right now. wti crude 46.15. last trade there up by about a quarter of 1%. ice brent crude almost flat. as for the dollar and occurrence city side occurrence are city c, 1.13 for a euro, and the pound 1.2965.occurrencecity currency f things, 1.13 for a euro, and the pound 1.2965 gold prices, perhaps a sign of we'll c
CNBC
Mar 14, 2014 5:00am EDT
the red as china default fears continue to rappel. >>> russian accents are heavily under pressure. ukraine's prime minister tells cnbc exclusively the outcome of the vote is a foregone conclusion. >> i can't believe the referendum is already preordered and we can easily predict the outcome. >> and the latest reports now suggest missing malaysian report flight 370 could have been deliberately flown west. the white house says the search may be moved to the indian ocean. we'll bring you the latest press conference in 30 minutes. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >> hello. warm welcome. terrific to have you on the program this day. >> come on to the bigger and the better program. >> and you have to warm up. >> and done on a day when we're not feeling great, investors. >> yeah, investors are not feeling great. in fact, take a look at the markets. they're all in the red this morning, aren't they? >> look, decliners outpacing investors. >> that's a lot of red. that's why i put a red tie and poppy square on this morning. t
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