the nikkei is just feeling that. john. -- thank you, john. , -- pressure.r it did come out with a profit, but a very small one. be -- theyn has to would have invested itself of at least one asset. >> yes. the second half of last year. when you think about what is happening with the overall climate, the competitive landscape, it is a very tough situation for htc to post a profit. and it did. you said it was pretty much negligible. aat is how you would describe $10 million profit. this is on the back of operating loss of $52 million. that is the second consecutive orderly operating loss. i have to set -- i have to stress the sales point. nine quarters of decline. no love for the phone on your screen right now. consumers don't want it to lease that is what it would appear if you look at the latest sales figures. failing to halt this nine- quarter slide. they were not able to gain traction again because of the competitive landscape and they brought on board hollywood superstar robert downey junior to try to promote the b

we just remind viewers that the nikkei rose from a low of ten thousand four hundred and eighty six in january last year to a high of sixteen thousand two hundred and ninety one on the last trading day of two thousand so it is a quiet weekend at a house large on the back of the prime minister seems odd as economic policies will be designed to pull japan items legislation to boost exports and domestic production. so we had cloudy year deal with this effect continues on and i mean the weakening of the yen helped drive stocks higher. can you tell us where things are standing now. yes actually does have a look at the summit currency pairs that the weaker yen as he said was a big driver behind the nikkei entitled caresses i have been a hat had a big say in how the nikkei has been trading session that saw him right now hundred and forty points and one in four of twenty seven to ninety one it actually touched off hundred and seven points thirteen of one point last week and done this week is pretty big focus of wood in the us jobs data due later this week and all investors also to be keen to s

at this chart of the nikkei. have, a sense of the biggest percentage movers, oil and gas and tax and financials. they are big decliners. let's look at consumer goods. we know this sector is a very sensitive. downutomobile space is 2.5% within the index. are advancing. some of the tire makers. mazda on a maker, list. as we round it out, bridgestone, on the japanese makers and big names on it there. nissan is down two point four percent. washed is very closely. a four-month low. -- we will watch it is very closely. this have the markets started this week. >> thank you. stepping up the attempt to derail the election. fallout. "on the move." ♪ >> you are watching "on the move ." returned.ce has protest in thailand with a man shot dead. they tried to disrupt early voting for saturday's elections. we'll find out more. will help? >> the commission said it again, it wants to delay elections. reflection of what may happen on election day, february 2. one man was shot dead. they are calling the protesters to disrupt early

we both indexes lower them as you can see almost half of the sinful than a k a the nikkei was down three hundred and eighty two points or two point three percent yesterday monday. that's a bit tells the biggest decline in more than two months and it ended below sixteen thousand yesterday also for the first time since december twenty fourth out given the near fifty seven percent rise in the nikkei for two thousand and thirteen some profit taking is to be expected and as you said i use all that in all the global indexes as well traders also showing a letter that a hesitation this week with that key trading cues are coming out of the us will be at the trade i did earlier today in the us then of course the fomc minutes up from last month's meeting which is due out on wednesday in a pan then of course up the unemployment and an on farm payrolls data for the us on friday so i still wanted to come by the enemy namely those events in my now we've also seen profit taking in the dollar. yet exactly that of course that's been one of the negative effects for the nikkei with the color declining in th

it is cheapest in asia compared to the nikkei 225 which is at 25. another thing to note is it is also cheaper. if you look at the weightings, there are property and banks are fairly heavily weighted. that is why things are cheap europe. people have been avoiding chinese financials. >> that is a very good point to note. coming up later in the show, china wants to host the 2022 winter olympics. it has the money. it has the will. there is a key ingredient missing. a special report later this hour. our next guest expects a more robust china in 2014. the recovery four i mean -- remains elusive. >> welcome back. let's take a look at some of the events we will be following. in the world's biggest smartphone maker is out with results on tuesday. the money probably cap pouring in for samsung. they probably posted $10 billion in the final three months of 2013. that would amount to the slowest growth in two years. losing momentum in china. exports are out on wednesday january the eighth. growth in overseas sales is expected to have slowed to almost half the ra

we may see a bit of a frenzy of activity in those sectors as well all for now big declines on the nikkei and the topics this monday morning back she started thinking slobber mean i got from the tokyo stock exchange and was he said the gang is strengthening today. but though recent weakening trend of the japanese currency has made imported fuel more expensive and diapers japan's annual trade deficit in two thousand thirteen to a record high finance ministry officials said on monday last year's trade deficit totaled eleven trillion yen one hundred twelve billion dollars. that compares to the previous record high of sixty eight billion dollars posted in two thousand twelve exports rose to six hundred eighty four billion dollars up nine percent year on year in yen terms that's mainly due to increased auto shipments to the us. but imports grew fifteen percent to seven hundred and ninety seven billion dollars the weaker again raise the cost of imported crude oil and liquefied natural gas for thermal power generation higher sales of smartphones made in china in hawaiian also boosted imports ana

the nikkei to do five is down nearly 3%.to the future, betting on the legalization of casinos. it looks bright. and world report says recovery is a turning point. we will talk to the lead author. good morning. i am 18 g lau -- i'm angie lau. ,he nikkei 225 is down 2.4% just fractionally above the 15,000 mark. is down 1.8%. 1905 is the level there. markets in asia taking their cue from the wall street selloff on friday which took a cue from the asian selloff the previous day. what is happening today is that the agent benchmark is not the lowest level in over four months. here.inngles is the nikkei is close to 3%. the volumes are about 40% higher compared the 10 day average. you do have the selling pressure there. you have the japanese yen in the mix. it is usually a cue to get out of the market. at the usualng suspect. yet the heavy equipment maker here. 225, only 2 are gaining. let's look at south korea and what is happening. 30 minutes into trades, you also have the usual purity have sent siding and hyundai. this is up 100%

let us see how the nikkei is doing.rt of the nikkei 225, but we are seeing the nikkei 225 under pressure this morning ahead of the chinese fourth-quarter gdp. everybody is really waiting for these figures that are projected to be the slowest it 20 years. the cost is down. the asx 200 is down. china is one of its biggest trading partners. up next, we are going to look and sri lanka's plan to boost investment from abroad. ♪ >> a live, sunny look outside this monday morning. today, hong kong is going to be reporting december unemployment. we will see if it fell or rose from the previous month. we are an hour from the open of trading here. you are watching "first up." asian stocks fall at the open on expectations that growth will continue to slow in china. the biggest tumble in years. nintendo forecasting a surprise loss. where to put your money? colombo hopes the answer is sri lanka. .arkets training the asia-pacific is in the red. cost before joining at the start of the session. right now, 0.3% down, while the , all ahead

japan's nikkei 225 ended down by 11.5%. ross mentioned china's inflation data coming in at a seven-month low giving markets a boost. but over in australia, the asx 200 ended higher by 0.2% thanks to an uptick in retail sales data. the bank of korea and bank indonesia both kept rates steady as the kospi lost on some earnings fear and the composite closed flat ahead of the decision. chinese oil stocks buck the down trend. offshort oil soared limit up after profits having jumped 220%. other oil companies made a strong value today. back to you, ross. >> thanks for that, sixuan. >>> now, the u.s. federal reserve is going to proceed cautiously with its tapering of asset purchases. some members expressed concerns tightening may be interpreted as a signal the t signal bank would taper quicker than initially expected. and while investors are focused on that when they came out, a little later they'll be focused on the ecb. the majority of economists in the media pekt the bank to keep its main rate at record low of on 0.25%. but can t

we have panasonic corporation here also from the nikkei newspaper.they have extended their sponsorship of the olympics. i'm not sure what if that is driving down the stock at this point. down 2%. what better way of showing it by unleashing their cash? andt is a jungle out there people are saying -- here's another 1 -- survival of the fittest. if you can survive the financial crisis you are in a great position to spend. what we are seeing are animal spirits. it is the term that refers to human emotion driving consumer confidence. it also sets the tone for investor confidence. you are seeing executives who are becoming a lot more confident or it there lose -- confident. they are losing their conservatism. >> they're sitting on a lot of cash and may have done nothing with it. >> that could change this year. there are a couple things in the backdrop to provide a perfect situation for them to step in and spend. they are a lot more positive on the overall macro economy. they are more worried about concerns that like a master, for example come a europe. the

into the positive and say you can see that it would have bought back above fifty thousand for the nikkei marcus will be heading into the last few trading days of this month which had been heavily sold off of the nikkei was holding his head above water so to speak for most of yesterday but ended lower overseeing the rebound today especially as the dollar rebounds as well and that should provide support for share prices especially ex borders on and let me also give us a rundown of what happened overnight wall street's to get zach to us markets of course rebounded on tuesday i helped of course also by earnings up by car giant ford as well some bargain hunting moves of falling recently cars less of a look of the levels that dow jones industrial average ended at fifteen thousand nine hundred and twenty eight up nearly sixty per cent the nasdaq and four thousandand ninety seven up zero point three five percent now earnings results eye is still to be key here in japan a lady today who can see earnings reports from the likes of nintendo show set up call not suit as well as mega bank sumitomo mit

and the topic says we haven't the last couple of trading days of the year and so far the nikkei has been down it was down over nine hundred points as of the close yesterday and is down over three hundred and seventy three points just right now for two point four three percent. so we're heading into another negative posts for this week as he said i concerns over emerging economies still lingering in the fed statement did not make any mention of that maybe one more mini pocket pairs of course around the world. i have been concerned about the emerging economies that they need more support. and as the federal reserve starts on the wind at its up on buying program over the last the five years which has really been supporting a lot of these up emerging economy. as far as it shifted into those were not seen the reverse of that and that's really catching a lot of investors off guard. a lot of markets off guard as we've already seen of course with argentinian peso and the turkish lira and the market's reaction to those in tune with current season as well by enemy was also talk of tapering th

and those numbers the nikkei was up one point five six percent at fifteen thousand six hundred and sixty two is rebounding from its lowest level in one month passed on tuesday. investors are buying back shares in the broughton i get to smell after yesterday's sell off and a broader topics is high here by one point four five percent. so sentiment seems unique positive after strong performance on wall street. i knew mission and that toyota is likely to be the world's top seller of autos for two thousand sixteen so see how this may affect to your shares especially after they have fallen by more again five percent so far this year and a penny counts is always on full custody as a down to one of the tree line this fall while admittedly the airport as kathleen mention of the year and all the nights she has a bowling went down by about zero point five percent on wall street and the meal also one of our social gaming company me the company he set to the east is this results in february that media reports are expecting a substation drop in operating profit and now let's move on to the parents you

the nikkei 225 down two point five percent. stocks are lower by 2% in hong kong. check out emerging markets. jakarta, down by nearly 3% today as investors assess the economic health of these countries and whether some of the concerns we have seen in recent days are limited to individual countries or a broad-based problem affecting emerging markets. we have seen currencies selloff precipitously in this space, and we have seen a flight to safety as investors pile into precious metals like gold and silver. it is a very active day in the equity markets and in other asset classes across asia. for theowest level overall benchmark in over four months. talking about falls for some of these equity markets, the biggest falls we have seen in seven months. david has the details on this flight to safety or quality. >> moving to the sidelines. yeah, it is basically the same group of stocks. you have japan, because of the stronger yen. down 1.5%. looking at the currencies, the peso, the rupiah, and the bot. these are the same three which took the brunt of the selling in june, ri

i ran into acting like it to start here at the overlap with what she is a genuinely fourteen the nikkei is down two point five seven percent at fifteen thousand five hundred and three. drifting friend of the lower the key sixteen thousand them all and sentiment this week in the overall my out and about the topics as drawn by two point two seven percent. so investors after the saudi shares after those losses on wall street and i in this house i would only thirty or nine percent of the shares are held by the fall of that money and invest the chance to not trade on any stock might get done in the one to follow the shares of assaulting to your site getting better each and fruit we found this on the tokyo stock exchange and even on the japanese nikkei limits of my ink and his star businesses announced paintings on friday after my post is not profit fell forty seven percent in the mines to november period due to weak sales in a simple might get business so i'll see how this affects shares of eon to be an hour moving on to the currency market. don't get is now at one hundred and three point ze

down one after percent for the top eights and so the nikkei is definitely down on the week so far and the biggest factor that's going to continue. i keep getting any guidance for trading today's can it be because he moves dollars yen and dollar clearly took a hit during the us session. let's have a look at the summit are sea levels in fact right now because that is a big focus for a lot of traders hundred and three when forty forty two dollars can actually get one and two point nine c at one point overseas string which is quite neutral out considering it hit a pot of hundred for twenty eight feet at one point on thursday the speaking of global currency markets everyone to briefly touch on argentina's peso so suffered a steep fall record more than fifteen percent drop against the dollar and one that's after the government should use a number of restrictions on foreign currency transactions is to preserve its reserves. so really keep track of a lot of cutting moves as well. also when mentioned accurate to reports in the us were not out of the woods yet marker so soft that came out with

i mentioned the nikkei there, but also the u.s. session far weaker as investors likely paired some risk ahead of earnings season, getting started with the financials today. let me give you a look at some of our key stocks that we're watching today. the first one, ashmore is taking a tumble after reporting a 4% drop in asset from the management well below forecasts. the group's founder blames the trend on uncertainty surrounding u.s. monetary policy and the resulting volatility in emerging markets. so their analyst did say that that can bring gains this year, too. let's move on to the german drug distributor celesio taking a hit after a deal with mccommitteesen fell through. that stock losing around 6% so far in trading this morning. and time warner up 1.5% after charter communication went public with its long awaited $34.7 billion takeover offer for time warner cable, which was privately rejected. final one, google heading lower by around 0.4% in trading after announcing it's buying nest labs, the maker of smartphones for $3.2 bill

there was a sharp sell-off in japan's nikkei overnight. less ugly in london and stocks look to start the day positive here in the u.s., and we'll take that after a rough start to the year. all of this after word the federal reserve will slow the amount of cheap money it's slowing into the global economy. that worries investors in emerging markets. emerging markets that have depended on all of that stimulus for growth. but it is also a sign that the federal reserve believes the u.s. economy is doing better. we're going to hear more on just how the economy is faring later this morning with a reading on gross domestic product for the fourth quarter. there will also be a weekly report on jobless claims. both will be really important, sort of mile markers in the recovery here. >>> all right, not worrying investors this morning, more trouble for justin bieber. in his native canada and also here in the united states. problems all over north america for justin bieber. in toronto, he had to push his way through this crowd to get into a police stati

here's more from the nikkei in tokyo. hi, makiko. >> share prices tumbled over 18% at one point during the trading day. the gaming company finished 6% lower and also became the most traded stock in terms of value on the tokyo stock exchange. the firm initially forecast a group profit of $35 million for the year ending march and investors were hopeful, especially with the weaker yen giving exporters a boost. but market watchers say it may have been a lofty goal to begin with considering how much power smartphones and other mobile devices have gained in the gaming market. the firm is struggling as its wii u game conceal was hit with weak sales and the handheld is facing a slump overseas. the company still has room for margin as it holds $8 billion in cash reserves to play with. and eyes will be on the business strategy conference scheduled for next week. that's all from the nikkei report, back to you. >> makiko, have a good evening. soft bank is keen on deutsche bank stock in the u.s. the two companies have started direct t

the nikkei 225 down 2.5%. shanghai off 0.8% and australia down 0.75%.et's look at where we are with treasuries. the yield below 2.67%. 2.68% is the yield of the ten-year. we did see ourselves gradually go all the way up. before the fed. but dipped back down, as you can see. elsewhere, yields lower on gilt yields, 2.72%. on the currency markets, dollar/yen has held on to its gain that's we made yesterday. euro/dollar, just slipping back now, back below 1.36. the dollar making some advances against sterling, the aussie and the euro, not against the yen. okay. on the agenda today in the united states, weekly jobless claims are out at 8:30 eastern. forecast to rise by 4,000 to 430,000. also at 8:30, we get the first read on fourth quarter gdp. economists expect growth of around 3% versus 4.1 in the third. and then at 10:00 a.m., we'll get december pending home sales. it's the busiest day for u.s. earnings. before the bell, we'll hear from conco philips, eli lilly, 3m, exxon, mobile, u.p.s., visa, harley davidson, time warner cable and viacom. and if that's

in japan, the nikkei 225 managed to end a touchigher ahead of the u.s. stocks reports but earnings continue to weigh on the kospi, ending at a four-week low, down 4.1%. miners lost ground amid trade data. gains in index heavyweight fast retailing capped early losses on the nikkei. it added over on 3% after posting a better than expected rise on its q1 profits. 21st century fox dropped 4.6% after the company said it would delist from the asx. meanwhile, chinese brokerages continue to tumble after ipos gradually come on line. we know eight companies start to stai take -- this week and there's 18 more to come next week. so there's lots to expect. >>> forecasts according to an increase of 200,000 in nonfarm payrolls follows 203,000 in november on. barring a surprise 2013 could see the biggest annual increase in new jobs since the enof the recession in 2009. unemployment, that's expected to hold at 7%. rradp, which we got on wednesday, that was the best number in a year. joining us for the first part of the show today, hans reddcker. hans, good to see you as

the nikkei doing pretty well up over 227%. the ftse 100 closed up yesterday, up around another 40 points at the moment. the basic resources doing pretty well. angela merkel is coming up with some bullish production update. xetra dax is up 0.75%. and the ftse mib is up 0.5% despite coming down because we're not quite happy with their numbers. so ahead of the fed later today and this turkish interest rate rise, what are investors to do? here is a recap of some of the thoughts of some of the guests we've had on cnbc today. >> korea's current account numbers are doing very, very well. the export sector assuring some signs of life. this is one economy that is well adept in exporting a fairley inward looking recovery and a chinese recovery that's quite focused on luxury goods with its career. so korea is one place that we would be looking to buy the dip. >> in the emerging market phase, we've seen some heavy interventions now by central banks. i think, you know, it's unchanged as strategy. we remain in developed markets. which has a

that's all from the nikkei.ack to you, ross. >> thank you. >>> still to come, christmas bargains gave retailers a boost in december, but will discounts take a bite out of the bottom line? we'll take the pulse of global spending right after this. fifteen minutes could save you fifteen percent or more on car insurance. everybody knows that parker. well, did you know auctioneers make bad grocery store clerks? that'll be $23.50. now .75, 23.75, hold 'em. hey now do i hear 23.75? 24! hey 24 dollar, 24 and a quarter, quarter, now half, 24 and a half and .75! 25! now a quarter, hey 26 and a quarter, do you wanna pay now, you wanna do it, 25 and a quarter - sold to the man in the khaki jacket! geico. fifteen minutes could save you... well, you know. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer

that's all from nikkei business report. back to you. >> ewe caco, thank you and good evening. >>> shares of rio tinto trading higher. iron ore output to a record of 266 million tons. and rio expects to keep churning out higher levels of orders. ethan joins us now. it surprises me to see a big jump in production prices. clearly, they're betting on a fairly strong chinese demand. are they betting right? >> we think they are. steel production was a bit in the 0.5%. our riches slightly lower than the pref year's growth rate, but still, it is a very important number. so that extent, if they can't sell iron ore, no place can. >> but what about the supply side to this story? rio themselves is pushing their business towards iron ore. this is a limit, isn't it, for this business. >> yes. that's why the equity is playing a lower margin compared to some of the other miners. clearly, nine for nine orders is not a desire 7b8ble aspect, but from work. every where a many ial, that's e best available to them right now. >> can i ask you abo

tokyo's benchmark nikkei average surged fifty six point seven percent the biggest annual gain in forty one years. new york's dow jones industrial average was up twenty six and a half percent over two thousand and twelve. that's the biggest increase in the eighteen years and the frankfurt stock market rose twenty five point four percent but emerging economies end of the year with mixed results. share prices on them and buying market rose eight point nine percent however concerns about china's financial system cause the shanghai market to drop by six point seven percent and worries in brazil's economy is losing steam. push down share prices in sao paolo by fifteen and a half percent in december the federal reserve decided to start tapering off its monetary easing programme investors are now shifting their money back to the u s analysts say the flight of funds from emerging markets could trigger volatility officials with japan's nuclear regulation authority saying no nuclear plants are likely to resume operations in the near future. while commercial reactors in the country are currently o

the hang seng endecks and the nikkei ended higher.er risk sentiment left its south korea kospi to a three-week high, higher by 0. % with shipmakers and automakers outperforms. >>> down under, banking stocks helped send the asx 200 to a two-week high. miners took a beating in australia. fortescue metals ended lower today. ccicbc, abc and bank of china all jumped over 2% today. that's your recap of asian markets. >> thanks indeed for that, sixuan. let's take a shot at where we stand. ratio around about six to three at the moment. slim gains yesterday for the ftse. it was just up some 7 points and this morning, it's up around 5 points. the cac 40 is up 0.3%. the ftse mib is up 0.5%. take a look at where we stand as far as the bond markets are concerned. euro/dollar, 1.3533. dollar/yen, firmer but still very much in its range between 10 on 4 and 105. remember, that five-year low for the yen, 105.41. the aussie/dollar is just off its 3 1/2 lows. helped by the gdp coming in yesterday stronger than we might have expected. sterling is stelly

ok think that's the name buddy if the global stock markets japan's nikkei christ on monday with fifty seven cents and bought a ba in gemini that got sold by a staggering twenty five point five cents adams in the us the dow jones industrial average is up twenty six percent the most since nineteen ninety six. it's the macon ga unfold the mosque it's not so much to france's president course but we don't he is the kitty and puppy that makes it easy to get an easy contrast with a look at what to expect his son and chance the eye. a televised address to the french nation understand the fashion fads it's a p requisite for the president of the republic and traditionally no bikini te kiri connect to the people like the two heads of state before him close while elite and just leave it that domestic crisis. santi faster december two thousand and two eighteen months by the presence and show my heated pan. the faster the country's far right to reach the second round of presidential elections. in june two thousand and two was the year of disputes. it is also leader of a re awakening of republican v

nikkei down sharply, london down as well.ns are we're going to see a tough day in the markets on the u.s. open. dow futures up about 31 points right now, but it's no way guaranteed you're going to see a higher day. look, it's been an ugly january, the dow down 5% so far this year. that's after closing on a record high on the last day of 2013. imagine, a record and then, boom, this. many are saying, john, it's time for a correction. that's a decline of 10% in stocks. the selling may not be over, but we already may be halfway there. watching emerging markets, watching the fed, and certainly, 31-point gain right now in the dow futures, but we've got a long way to go, a few hours before the opening bell. >>> 42 after the hour right now and more troubling news this morning for justin bieber. this time in both canada and the united states. all of north america seemingly has it in for justin bieber. in toronto, bieber had to push through fans and reporters to get into a police station. he was surrendering in connection with the assa

japan's nikkei was down 2.5%. shanghai dropped .8% ahead of the lunar holiday there. singapore's main index fell to almost a five-month low. the euro down to a two-month low against the yen. right now euro/yen is around 139.18. analysts say some market players are wary of the possibility that upcoming inflation data out of germany may come in lower than what they are expecting. this is putting a bit of pressure on the single currency. meanwhile dollar yen is quoted at 102.30. market players are waiting for the fourth quarter gdp data due out later today. the turkish lira is extending losses against the dollar, erases all the gains made after the central bank raced the key rate to stop the lira from sliding further. >>> analysts say the fed's latest move could prompt a risk aversed action. we got some comments on the outlook. >> translator: the further scale back of the fed's bond buying amounting to $10 billion was within market expectations. but the fed's statement didn't mention anything about the sharp declines in the currencies of emerging economies. that triggere

japan's nikkei fell 225 -- nikkei fell 2.5% and dipped below 15,000 for the first time since novemberseng down, as well. italy hurting the most, off about 1.5%. the yen is among the benefici y beneficiaries of concern. japanese currency hitting a seven-week high against the dollar, and gold also hitting its highest level in more than two months. i also saw bit coin was up about 12% over the weekend. >> you and your bit coin. >> i'm with you. >> it's because you're young. are you a milenial? >> what is the cut off? >> 36. >> i'm 36, so i am. >> now i understand why the euro is doing well. >> why? >> getting the interest of the dollar. >> europe's doing better. >> versus the dollar it shouldn't be where it is, but versus other currencies, it's almost a safe haven. i brought home franks. >> what about chocolates? >> no, what was in my room melted. >> i put it outside. i couldn't get it out, so i put it outside for awhile. >> then it melted? >> then i had a bit. >> anyway. >> center of the action is in the currency market and in the emerging markets, selloff continuing overnight. currenci

i'll never replicate my nikkei call from last year. once in a lifetime prediction.exican wave. >> to be fair and i want to be clear on this, the mexican stock market has had a good run. this would be a five to ten year call but i think this year it's going to gain more steam, so there you go. also, rain on the cloud. i'm not talking about opportunity from oracle and amazon. pure play cloud companies are trading at market caps greater than their entire investable opportunity. if they had every customer in their segment in the world they wouldn't have the revenue to match the market cap. i think it's like dot-com. cloud computing is computing. there's no more cloud computing or native computing. let's end the term cloud computing right here and tart calling programs that run natively ground computing or just bad computing. >> like a very grounded prediction. >> my bonus pick. gold. i've been negative on gold for three years. with respect to mules, they work hard. gold is an old mule so maybe i shouldn't compare them. i hate gold but love mules. >> up next the hottest

in tokyo, the nikkei closed 61 points lower. and here in the u.s., jcpenney's stock is lower in premarket trading. the ailing retailer is going to cut 2,000 jobs, close 33 of what it calls underperforming stores. it has been a brutal year for jcpenney. the stock is down more than 60% over the past year. the company's been losing hundreds of millions of dollars per quarter. >> you've been talking about jcpenney, i feel like, for 18 months, and none of it has been good news. >> no. it's going to be one of those case studies when you go to business school how not to run a company. jcpenney had a turn-around that just flopped. and now they're trying to turn back around again. >> this is a story that everyone knows. everyone's shopped at jcpenney. >> got to know your customer. don't abandon your customer. that's what jcpenney did. >>> coming up next, know our customers. this, though, has been called unthinkable and unimaginable. the angry words directed at rescue crews in san francisco after we showed you this video of what they did

the nikkei 225 lost a ground as investors grip appetite. china markets tread water ahead of their first ipo consumption tomorrow. there are concerns that a few shares may further dampen sentiment. markets are still trying to digest the state council's new guideline to tighten oversight of the banking system. miners lost traction in south korea's kospi ended higher by 0.3% despite samsung electronics gloomy forecast. and now for an individual mover, japan's retailing, the upgrader of the clothing change ended lower by 1% today. december sales rose near 1.1%, but fell short of market expectations. that's a look at asian markets. back to you, ross. >> thank you for that. joining us with more now is michael beganon. happy new year. nice to see you. treasury yields, just come back with 2.95%. what's your outlook? >> i think the prospects in the next couple of months are probably for steady yields, which is potentially a bit of a surprise to some people. we'll explain it in the following way. the fed have delivered tapering and we expect more tap

and in japan, the nikkei fell just a tiny bit there. a long talked-about deal with s a reality this morning. china's lynn yoevo will buy ibm's low-end server business for $2 billion. also, the stock of netflix is up 16% after hours. it reported a big jump in new subscribers, its best quarterly performance in three years. people like the stuff that netflix has to offer. ebay's stock up 8% after it said it had stronger profits, also boosting the stock, shareholder carl icahn's call for ebay to convert paypal into a separate company, split it up, right? ebay says it's not interested in doing that right now, but when you have a billionaire with a big stake in the company who tells you what to do -- actually, carl icahn, but anyway, people tend to listen. >> that's all right, he can afford the consonant. if he wants to buy an "l," he can buy one. >>> we have a story now of a very enterprising college student who's spending today and the next two months trying to pay off his student loans in a pretty unique way. alex benda owes about $30,000

let's look at asia right this minute, the nikkei down modestly. europe, stocks down.nanke bids adu to the federal reserve today. >> i love when you -- >> today's his last day on the job after eight years as fed chief. very uneventful term. janet yellen takes over on monday, the first woman to lead the central bank in its more than 100 years. as for bernanke, many credit him with preventing a recession that could have been much worse. he used unprecedented measures to prop up the economy, but some are worried about the consequences of those actions, like a possible stock bubble that needs to be popped? emerging market bubble that then turns into problems for us? i think the legacy has not been written yet for the last eight years. >> no, but after this eight years, i hope he gets some rest, takes a big, long nap. >> i hope so, too, gets to read as many economic textbooks as he wants now. >> which is always relaxing. >>> coming up, the opening ceremonies in sochi are just a week away. wow! and as americans arrive, the questions remain, will these games be safe? we are l

tokyo's nikkei jumped 2.5%, recovering most of the losses shown on the previous day. the sensex index closed higher on easing concerns about the country's inflation. bangkok's s.e. tencht declined 1.5% finishing 1,277. investors remain a bit nervous about the escalating anti-government protests there. on wednesday thailand's stock exchange moved some personnel from its main building. that was amid threats that protesters could take over the building. on the currencies now, increased risk appetite in the markets is encouraging many investors to sell the safe haven yen. dollar/yen right now is right around 104.30. dollar is staying pretty firm today. meanwhile euro/yen has been quoted at close to 142.11. >>> honda motor is set to boost production in indonesia. the japanese automaker has completed the construction of a second plant in the country, and its local production capacity will more than double. a ceremony was held wednesday to mark the plant's opening. the new factory was built in a industry complex near jakarta at a cost of more than $250 million. workers will

hong kong's hang seng closed at a two-week low while nikkei shed nearly .8%. in singapore, finished at 3,100, lowest close in a month. shares in canada took a major hit, these include real estate developer capital land. >>> the top executive of mizuho bank will step down over loans to organize crime groups. president and chief executive officer yasuhiro sato said he will resign on april 1 srt. he will keep his post as president of mizuho financial group. nobuhide hayashi will succeed. >> translator: i believe my resignation will promote companywide efforts to improve business practices. >> sato also said he made the decision to resign after filing a plan last week to improve business operations with the financial regulators. the financial services agency has given administrative punishments to the bank twice for failing to rectify the wrongful loan practices. the agency blamed the bank's internal divisions and poor oversight by the board of directors. >>> that is going to wrap it up for biz tonight. let's get one more check of the markets. >>> every morning in

in japan, the nikkei index falling nearly 2%.., a stock to watch this morning for you, microsoft. shares are up about 3.5% to premarket trading. xbox a big seller this holiday season. 7.4 million consoles flying off the shelves. microsoft's sales were up 14%. that helped the company bring in better earnings. watch msft. another stock we're watching this morning, starbucks up 1.3%. it's the world's biggest coffee chain, of course. stronger earnings raised the forecast for how much money it things it will make this year. starbucks and microsoft, two stocks to watch, but you'll see red ink on the dow if trends hold over the next four hours. >> has not been a good week. >>> it is my favorite time of the day, time for the justin bieber update. probably the biebs waking up with a headache today as he faces criminal charges this morning following his arrest in miami for driving under the influence while drag racing in a rented lamborghini. i should say that properly, because it's just too good to mispronounce. he's arrested for driving

in tokyo, the nikkei closed slightly lower. here in the u.s., shares of intel are down more than 4% in premarket stock trading. the world's largest chipmaker said last night it expects revenue growth to remain flat this year. >> that's not good. >> something that really surprised wall street. the company said it overestimated the amount of spending by companies on things like new pcs. companies don't spend money unless they absolutely have to, and that's something that intel is seeing. >>> all right, baig day for apple in china, people flocking to the china mobile store to get the first iphones which are now on sale in the country. how big a deal is the launch? big enough that apple's ceo was on hand to autograph iphones for customers in china. cnn's david mckenzie live in beijing. david, why is this launch so important to apple? does it have something to do with, oh, 700 million potential customers? >> reporter: christine, yeah, more than double the entire population of the u.s. that's what could be the new base for customers

making progress so far we do not see such progresses in the nikkei's wherever they say it is a case in spain that there is a certain progress these progress already in greece or in portugal these progress is paid with a three mendis a tremendous social crisis and with the enormous growth in the inequalities because those. are becoming richer every day in those who not only are becoming food or are but are unemployed and have even lost hope to get a job and therefore are even leaving of respect of countries abroad which have not happened for decades as you know you've got elections coming up pretty soon right and the latest gallup poll is actually saying that young people and young people have always been the main supporters of the here idea are losing faith in leadership do you see that as a problem for the future. i would not say that the young people against older people are in favor i think there is a general wave which is a transversal. place to younger people which applies to older people there is an obvious reaction or via disappointment about the european union. as not being abl

tokyo's nikkei lost 0.5%, hong kong's hang seng gained a fraction. stocks closed lower here on wall street. the dow jones industrials fell near 45 points. the nasdaq composite lost 18 points. >>> a french company is showing off a self-driving shuttle bus at the consumer electronics show in las vegas. it's the first driverless vehicle commercially available in the u.s. with a top speed of 12 miles an hour, the shuttle is intended for college campuses and airport parking lots. >>> and things didn't go according to plan for movie director michael bay at the electronics show. he was brought on stage to talk about a giant new samsung tv but his teleprompter malfunctioned. >> and hollywood is a place that creates a viewer escape. and what i try to do as i director, i try to -- the type is all off, sorry, but i'll just wing this. i try to take people on an emotional ride. and -- the curve? how does it -- how do you think it's going to impact how viewers experience your movies? excuse me. i'm sorry. i'm sorry. >> okay. >> bay walked off without talking about

tokyo's nikkei lost 1.5%. hang seng dropped nearly 1%. >>> it was a mixed day here on wall street. the dow jones industrial lost 68 points, erasing more than half of tuesday's 105-point gain. the nasdaq composite finished 12 points higher. >>> macy's is cutting 105 jobs despite a strong holiday shopping season. macy's plans to close five stores and open eight others. when all the stores are complete, macy's will have 844 stores nationwide. macy's say the movies will help it save $100 million this year. >>> americans are borrowing more money. the federal reserve says americans increased their borrowing by $12.3 billion in november. almost all of the increase came from a rise in borrowing from autos and student loans. credit card borrowing, a different kind of borrowing, was up $804 million. >>> if you're a burrito fan, check out the burrito box debuting at california gas stations. there are six varieties to choose from including breakfast burritos, including chicken, rice, and beans option. it takes 60 seconds

tokyo's nikkei closed at a level not seen since mid-november. in mumbai the sensex edged down to finish at 20,683. that was a third straight daily loss. the central bank's rate hike decision did not have that much of an impact on the market. >>> moving on to currencies now the dollar is regaining momentum against other currencies. the dollar/yen at 103.12. analysts expect it to continue to trend despite recent jitters over emerging economies. the dollar is also moving higher against the euro. euro dollar is trading at right around 140 -- 1.3638 i should say. >>> prices of corporate services here in japan rose at their fastest pace in more than five years last month. officials at the bank of japan said the corporate services price index stood at 97 against the base of 100 set in 2005. that was up 1.3% from the same month in 2012. and marked the eighth straight year-on-year increase. rents for tokyo offices rose, as did shipping fees for tankers to china. prices for trucking and air cargo transport also went up due to an increase in demand ahead o

now earlier tokyo's nikkei fell to its lowest point since mid-november. the yen strength was a major reason there. the index lost more than 8% this month. meanwhile, most asian markets were closed for the lunar new year holiday. >>> well, people across japan have been tallying up their bills, and noticing a trend taking shape in recent months. they've been paying more and more for goods and services. the latest data show the consumer price index rose in 2013 for the first time in five years. officials from the ministry of internal affairs said prices were up 0.4% from 2012. the index does not include volatile fresh food prices, though. the weaker yen led to bigger electricity and gas bills. as well as higher gasoline prices. a rise in the cost of food such as mayonnaise and canned seafood also contributed. another factor was an increase in prices of personal and tablet computers. the december index rose 1.3% from the same month in 2012. it was the seventh straight month of gains. >>> now we spoke with koy koya mimayi a senior economist about the trends in

tokyo's nikkei gave up more than 2. % following last year's spirited gain. china's shanghai composite slid 1.8% on fears that upcoming initial public offerings may dilute share prices. european equities very little changed. we're seeing slight declines right now for london's ftse while frankfurt's dax is up nearly 0.2% as well as slight gains for paris cac 40. >>> well japan has launched tax-free individual investment accounts. the move scraps taxes on capital gains, and dividends from annual investments of up to 1 million yen, or about 9600 u.s. dollars. government officials are targeting the nippon individual savings accounts, or nisa at individual investors. tax-free period will last five years after an account is opened. officials hope the system will encourage people to move their money from savings accounts to investments. a japanese securities firm held a seminar in tokyo for female investors. about half of the attendees were new to securities investment. >> translator: i became more interested in nisa after i learned about it. >> translator: we'd lik

tokyo's nikkei plunged 2.5%.kong's hang seng lost 2%. >>> the national security agency may have done more than spying on individuals. it also may have conducted surveillance on foreign companies. former nsa contractor edward snowden made that claim during an interview with a german tv broadcaster. snowden said the spying was done even if it had nothing do with u.s. national security. the interview took place in russia where snowden has been granted temporary asylum. >>> working age people now make up the majority of households that rely on food stamps. until recently, the main recipients were children and the elderly. a new federal study attributes the change to persistent high unemployment and stagnant wages. one in seven americans receive food stamps. >>> the justice department is reportedly considering civilian and criminal charges against several banks for failing to adequately monitor payday lenders. they say high interest internet payday lenders would be the biggest target of the crackdown. they get huge fe

tokyo's nikkei snapped four sessions of declines climbing 2.7%. hong kong's hang seng index bounced back from a five-month low that it hit on the previous day. in malaysia the bench mark index there up nearly half a percent after the market closed. the country's central bank announced it would keep the key rate unchanged at 3%. here's the picture in currencies right now. dollar/yen at 102.74 roughly. market players turning their attention to the outcome of the federal reserve's policy meeting which is due out later on in the day. traders pretty keen to see whether the fed will continue to reduce the current size of its asset buying. meanwhile euro yen at 140.52. the turkish lira fell from a two-week high it hit earlier on wednesday. the decline was due in part to selling by corporations. >>> many japanese automakers are looking at foreign markets to expand their business. toyota motor group's global production topped 10 million units last year, becoming the world's first automaker to reach that figure. toyota executives said the group assembled mo

tokyo's nikkei declined nearly .4% on profit taking. over in thailand, as you can see here, stocks have really been on a downward trend. demonstrations in bangkok have been on going since november. economists say that's hurting the economy. the s.e.t. index with a bounce, rebounded from loose on the previous day up nearly 2%. sentent received support from rising expectations that the bank of thailand may cut its key rate at this month's policy meeting to spur the economy. >>> moving on to currencies, dollar-yen is changing at 104.71. analysts say recent upbeat data out of the u.s. provided a chance to buy back the sdlar. market players are waiting for further trading queues. the u.s. weekly jobless claims report is among the focus later on in the day. the turkish lira dropped to a record low breaching the 2.2 level against the dollar. investors remain concerned about the economic impact of political incertainty stemming from a corruption scandal involving government ministers. >>> last year's new passenger car sales in the eu posted a c

do you think the nikkei 225 can see again? do think the record gains can continue until 2014? for japan. to come you want to see corporate increase. you need to see a followthrough of earnings. now you need to see the earnings . it will be muted for these markets. >> you need the earnings to come through in china as well. at japan it is disappointing. when two american corporate starts bending as well in a big way? >> initially markets got excited. you have all of these wealth products and rebalance the economy. not sustainable. this has to come down. happens, as the capital intensity gets reduced, what is is that gives some pressure on china. that shows the transition which may seem rough at times. this,you look at corporate spending is bound to happen. it will be one of the top three. u.s. corporate spending. >> corporate bending has been lacking in japan. they have some of the worst allocators of capital. bestould you seay are the allocators? goodt. is a relatively allocator of capital. atside that, if you look some of the cyclical factors, because of the very nature of the