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On McCain but first your markets around the globe we go over to Asia first and we had losses across the board except for Shanghai with a half.
Percent gain there -- -- modest losses very modest look at the Hanks and it was barely down over Europe gains to speak out in England France and Germany.
Still much talk about what that head of the ECB Mario Draghi said about it would do everything to preserve.
The year out still hanging their hats on that today.
Over the US features -- again -- all three major market gauges Dow S&P and NASDAQ.
And commodities oil also heading higher this morning at nine 666.
A barrel for closer look at Asia we get a Fox Business contributor case sergeant she's on the phone with us from Singapore vacated.
Hague -- it has been another fairly quiet day for -- markets we -- some of the market -- living higher early in the day but most of them belt back.
Japan's Nikkei two Q I'm was one of them after -- -- three month high yesterday.
It law today -- down a few points point 2% today.
was big outperformance there was definitely a two point nine -- that there was a report that the company is that planning to cut jobs and self factories that pushed that stock up telecoms companies also posting gains in Japan South Korea's kospi opened anti -- -- -- giving back early gains the Hang Seng in Hong Kong.
Gained -- locked down today that it is today as -- said it.
At about black one of the late on the market there was no oil -- you know down 3% on disappointing earnings but there's always hope burst.
Intervention by the government.
-- -- -- -- -- Up following a newspaper report that China's considering plans to -- domestic consumption later this year about the health stocks in Shanghai with a composite index had it.
Best state in August ninth it was up about a half a percent today we thought gains here in Singapore in Taiwan and Australia but again if we're not very.
During that -- because today date.
Katie thank you so much for that -- sergeant in Singapore and now over to Europe we go live to London.
Joined by Mike Jones market analyst for BDC.
-- our investors really in -- still hanging their -- In part on those comments from Mario Draghi coming weeks ago about preserving the eurozone because again you of the Bundesbank -- down that report over the weekend an investor just keep going back -- -- -- Yes I mean we Europe eleven weeks into the rally in European stocks and -- back where they where.
Pre -- -- in July last year it's absolutely incredible.
That the Bundesbank should the shuttle this -- -- that's not a surprise that position as being the one constant in virtually the whole universe.
And that will be the Bundesbank's position until the -- stopped spinning.
-- what -- perhaps a little bit more surprising is some of the comments that was seeing.
From inferences you got Rasmussen -- on the executive board of the ECB -- -- -- -- -- -- a bit more to consider tree line.
On bond buying but I would stress throughout.
We still don't know.
Any details on when things -- -- -- give -- a lot of conditionality.
To any bond buying that the ECB might be doing.
-- kind of who is now in my -- when you expect our.
Hello it's going to be you know the sort of targets which shoots the likes of Spain and Italy currently laboring and they're probably gonna be more severe so it's like budgetary targets.
That basically gonna -- -- fiscal sovereignty.
To the European Union we're talking about the situation that Greece is now and that's -- the real pleasant situation to be.
I mean you have this extraordinary I put out for us from the Spanish economics minister if you a couple of days ago saying we want the ECB took -- step in.
I'm commit to buying unlimited amounts of bought Spanish bonds.
Indefinitely without any conditions that is just not gonna happen.
India and I want you know a Ferrari for Christmas and I'm not yet that is there hey Mike thanks a lot yeah did you -- both the business.
Not even a little 10 yeah -- a photo a woman and on the fact that.
And Mike thank you so much -- -- with -- partners.
We have earnings from DSW the footwear retailer reporting an adjusted profit of 66 cents a share that beat estimate of 62.
Cents revenue up 512.
Point two million also topping expectations.
Point nine million.
-- ever closer look at our markets in the day ahead Lawrence some -- is an hour news -- good morning Lauren.
Good morning well what's -- the best start to the week the Dow Jones Industrial Average finished down three house points at thirteen 1271.
The NASDAQ and the S&P 500.
There were off a fraction yesterday even though Apple's stocks surged rising to a record high.
Dollars making apple -- most valuable company of all time.
With a market value of 623.
Billion dollars that surpasses Microsoft's record.
They'll over the past year Apple's stock has nearly doubled in inspecting nearly seven times what it was right after the financial meltdown.
By comparison if the Dow did the same -- it would be sitting at nearly Dell 40000 today clearly it is not.
And Wal-Mart is bringing lay away back just in time for the holidays the program will start September 16.
That's a month earlier than it did last year.
Wal-Mart wants to entice its shoppers to spend more money in its stores especially during the all important winter holidays.
Wal-Mart says 85%.
Of its customers use cash.
And now there's a fifteen dollar fee for the lay away program but if you pay your bill on time you get that fifteen dollars back in the formidable Wal-Mart gift cards typically were still talking about the holidays if you don't -- August that TO.
Dig in -- -- away -- more of your business headlines this morning closing arguments are set to start today in the patent trial.
Between apple -- song.
Lawyers for both companies told the judge in the case that they're CEOs did speak on the phone one more time to try and solve their differences.
As the judge requested.
But were unable to reach any agreement.
As we've reported apple sued Samsung last year claiming the company copied the look and feel of its iPad and iPhone with it's own devices.
Samsung countersued claiming apple infringed on some of its patents.
Jurors will have to pick which devices from either side and friends infringed on the various patents.
-- -- latest investment -- by Warren Buffett's Berkshire Hathaway raising some red flags with investors.
The Wall Street Journal reporting this morning citing regulatory filings.
That the company recently ended credit default swaps that insured more than eight billion dollars of municipal debt.
Buffett made the investment which essentially bet that more than a dozen US states would keep paying their bills on time.
Before the financial crisis.
The journal says the decision to pull out of those swaps came five years early.
And some investors tell the paper that the decision by Berkshire Hathaway to in these agreements suggests that Buffett has doubts about the state of municipal finances.
More job cuts could be on the way it -- a Japanese newspaper saying the company may eliminate an additional 3000 jobs.
On top of the 5000 job cuts previously announced.
It would bring the total workforce reduction to 15%.
The cuts are likely to come through the sale of two TV factories in China and Mexico to a Taiwanese partner sharp has been taking steps to cut calls.
And satisfy its lender.
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