let's talk a little bit about this bhp billiton story. unlocking value, but for who? bhp billiton shares as the mining giant announces it will spin off $14 billion worth of assets into a new company to be listed in australia. it comes as bhp posts full year underlying net profits of $13.5 billion. that's up 10% on the year. well, let's catch up now with john wilson. we'll speak to him as he comes good. but meanwhile, i want to fill you in on the moller-maersk story. after the shipper delivers a $1 is billion buyback, up 5.3%. it raised its outlook on the year citing stronger earnings on its shipping business. earlier on the show, the ceo gave his outlook. >> the euro has a lot of strength and still has good balance of trade and a lot of export of goods. we have a lot going for us. but i think until we see structural change, more deleveraging, it's hard to see really strong growth. but, you know, we just have to trade in the world that is being offered for us and i think there are plenty of opportunities also in a world that is growing a little less fast than you could

bhp billiton will report full year results on tuesday.ch out for that. >>> now, staying in the mining sector or basic resources, gold posting its second week of genes. this as geopolitical tensions and sluggish global economic data boost its safe haven appeal, among other things. >>> let's check in on silver. it has having things taking place there. a new electronic auction based system goes live today, replacing the 17-year-old system. a strategist at bank of america merrill lynch is joining us. why are we getting rid of the old and putting new in with regard to sympathy ver? >> as you've mentioned in your introduction, i think the previous system has been in place for quite a while. and i think there was a decision to take at some stage that it would be decided to have bigger transparency, has more audible price setting process in place, as well. >> am i crazy or do we not know who is going to be taking these orders? >> that is to some extent correct. i think the issue we have with any new pricing mechanism or any new contract coming on

billiton announced a long awaited spinoff. new firm will be based in perth with the chief financial officer as its c.e.o. b.h.p. billiton is the world's biggest miner. we'll have more on that later on during "the pulse." speculation that airasia was considering taking a stake in the air line. icrosoft cloud's computing service experienced a major global outage that lasted for five years. -- five hours. they run programs via the internet. the former microsoft c.e.o. steve ballmer has a new title. owner to have l.a. clippers. he has been speaking with trish regan as they talked about the l.a. basketball team as well as microsoft's new leadership. >> l.a. is a unique market. i think it is a phenomenal opportunity. when you look at tech companys with no earnings and huge evaluations, and a lot of downside, the clippers look like a really well valued team to me. really well valued. there is tech companies with market caps of $150 billion that don't make money. clippers do make money. we need to put leaders in place on the business

billiton is in the news talking about the potential for a merger. $14 billion. iron ore, copper, and coal. that would be 85% of their sales. potentially spinning off. we might get more information next week. who will win the war for brazil? not talking about the world cup. talking about telecoms. italia is said to have approached the vendee. -- vivendi. caroline will bring you the detail. now pop this in. here is something i have prepared earlier. we will give it a go. we have got a little bit of a trend. days, seven days ago. this is the trend in currencies. if you want to begin to understand the trend and the movement in risk. it is the dollar where we have seen overall trending up over the past few weeks. it is confirmation the eyn is back on a downtrend -- the yen is back on a downtrend. the yen has been falling by half a percent. risk off. also saying this was frank, lower as well. franc come lower as well. we are breaking into new territory. join me on twitter and i will explain what they are. >> you are so tricky. a higher open. ftse up. joining me for mo

some breaking news on bhp billiton. of some assets. 13.4 billion dollars in line with what market estimators. aluminum, nickel, silver and some coal assets, that is the breaking news. they're going to stick with their four pillars, so to speak, which is obviously iron ore as a core part of their business. this was flagged up last week. php going for a spin off of a certain amount of assets. they're saying that in terms of buybacks, that is still one of the main priorities. cash tol return axis shareholders in a most efficient way, whether that comes in the .orm of the spinoffs we wait to see some of the details on that. those are the details. fighting continues in eastern ukraine with no sign of diplomatic talks. tensions while rushers calling for a cease-fire. they're continuing to accuse russia of stoking the conflicts. hans nichols joins us now from berlin. what is the latest? >> the latest is reports that angelo -- angela merkel may visit the ukraine later in the week. on the ground, ukrainian government officials i

one stock we are watching is bhp billiton, the billion-dollar mining company has announced a spinoffinum, coal, and silver assets. the new company could be worth $15 billion, which would make it the mining sector's biggest spinoff in a decade. for more, i am joined by our market correspondent alex neil. so why now? -- alix steel. >> sanford bernstein came out and send that this could mark the end of the super commodity cycle. it is different when it comes to an actual company making a choice. 35%.n on invested capital, in 2013, 13%. we havethat is because seen lackluster demand, oversupply coming on the market from years of investing so much capital into these resources, creating a glut in the market. there is no demand, assets are worth less, you have to put in a lot of money for capital expenditures, and then you need to do something. we have seen companies like rio tinto start to dump assets here and there, but this is the first real spinoff we have seen. some analysts say that we could see other companies follow suit. >> for so long the story was these giants getting bigger and b

the bhp billiton is basically undoing a bad deal or unnecessary dealer did.tends to be the very good sign for a sector when you start to see corporations get more serious. >> outside the united states, ing markets are the preferred investment to venue when you look outside the u.s. borders. where would you want to be there within the emerging markets ? brazilike latin america, in particular. that market has done nothing but go up for six months. >> the election does not sway that? >> know, most of the people scared about the election are already out of the market, so even if you get the "wrong election result,"-not think it will matter. >> so latin america will continue thriving even with china going through this churn? >> even in china, you have a very difficult property market, and there will be damaged, but oddly enough its equity market might start to do better. there are signs that it will focus, the equity market was really starved of local capital, local chinese investors have no interest in the equity market while the property market is going crazy, a

. >>> mining sector, bmp billiton, failing to get some money back. that was why the shares declined to get better. in the black after swinging to neat profit of $1 is.72 billion in the first half of this year. the reason why the market liked this one and didn't like bil billyton is they've announced a share buyback. it's set to take place over the next six months. lex ott ka, if you think the brand of sun glass you own is no owned by luxottica, it's pretty much anyone and everyone who is in the eye wear market. several newspapers have cited disagreements with the company's chairman as the reason for the ceo's exit. balfour, they've rejected a third merger proposal from construction group carillion but says it's open to other strategic opportunities. it's a put up or shut up deadline. there's your act ra anymore for the day. >>> let's take a look at these european indices. a very strong day on monday. we had an okay day on tuesday. wednesday, we clearly run out of steam, but there doesn't seem to be a lot of impetus to the downside. participant resear

top loser today, bhp billiton.nning off cool and silver assets into a separate company, but no share buyback announced. stock down almost 5%. top gainers today, the danish conglomerate of the maersk shipping line, 15% of the world's cargo around the world, instituting a $1 billion share buyback and maersk is doing well. higher volume and cutting costs further. >>> sterling has been under pressure today as we wind our way towards jackson hole and janet yellen speaking for the central banks. there was inflation data around in the uk showing inflation is slowing down in great britain and northern ireland count to 1.6%. it's less likely the bank of england will raise rates sooner. back to the central question, who will raise rates first? the bank of england or the fed? do they need to raise rates together in order they don't upset the currencies? i tlaed read that as well. interesting treery. >> >> thanks, simon. >>> and revolutionizing biking making for easy riding. we give you the chance to decide which one you'd fun

bhp billiton is prepared for the biggest spin off in mining history, separating its aluminum, cole, and new company worth $15 billion. many investors were expecting php to announce a stock buyback. >> number two, elizabeth arden. shares plunging after the company reported a wider than estimated loss in the quarter. a steep decline in celebrity perfumes, particularly justin bieber and taylor swift. matt, you're probably not a fan of girlfriend, justin bieber's -- >> are they luxury cosmetics? >> no. >> wanted to make an appointment at the spa and it was terribly expensive so i didn't go. >> fascinating insight. >> number one, home depot. second-quarter results beat estimates. they also announced they are releasing a new connected home products. i getting way ahead of myself are ready. as the markets start to trade him want to bring in the chief market strategist at a firm that oversees approximately $215 billion in assets. he says that even an increased volatility and global unrest, keeping cash is a mistake. it needs to be put to work. thank you for joining us. >> thank you for having m

you see that in the bhp billiton restructuring. what are we going to do to distribute cash to shareholders. .838 on the the 16 dow. >> a distinction between home depot and lowe's, the bloomberg industries team pointed out sales will likely come in stronger. an estimateds 4.4%. home depot doing it more effectively than lows. medtronic and t tj maxx report earnings as well today. hasuple items of note -- it been 10 years since google started trading on the nasdaq. google ipo. does not seem like that long ago. leavitt, heur turned to me and said what is it worth? i got the guess right. i did not buy any shares. that one.you on meanwhile. one other birthday of note. happy birthday to william jefferson clinton. happy birthday, mr. president. that's the brief. >> are you checking on what bill clinton is doing? howe is still calculating much money he could have made on google. >> the gerbil is not working this morning. let's look at other data. equities, bonds, currencies, commodities. risk on continues, future go -- future go up 3. the 1

that's cliffs national resources, rio tinto, bhp billiton. lear shares up by 3%. signet second quarter sales soared after a boost by its being a which is of zale. >> some surprisingly strong performance there. >>> let's talk more about what is contributing to signet jewelers' success. >> here in a cnbc exclusive is that company's ceo, michael barnes. mr. barnes, welcome to the closing bell. >> thank you so much, scott and kelly. i appreciate it. >> how would you say that the consumer is doing by virtue of the sales that you saw on a day when we're hearing from some other ceos who are far less confident than you seem to be. >> i guess we're bucking the trend a little bit here. our business has been extremely stro strong. on an organic basis, we have seen 6.3% increases in our comp store sales. even on a consolidated with the new acquisition, we're up almost 5%. we are feeling pretty good about the future. we think the consumer is there. i think the real key here is to give the consumer what they want. they're out there an they want to shop, but they need something

shares of mining giant bhp billiton just announced plans to spin off $16 billion of assets to shareholders publicly traded company. investors were disappointed when the company did not announce an expected stock buyback. >>> coming up planes, trains and automobiles. the story of the transports and what they tell us about the economy, and the broader markets. then later is this country's job market finally bouncing back? and more importantly are the positions being created good ones? a passionate debate. that will be -- totally un -- unprepared or unplanned. we'll begin at 7:30 eastern. >>> the transports coming off their best day since may and overall it's been a great year for trains, planes and yes automobiles. the dow transports up more than 13% while the dow industries only higher by about 1.5% year-to-date. let's bring in jason subtle from cowen & company, he covers air freight and surface transportation stocks. good morning to you. help us through this. so we had the ceo of international paper on yesterday. he would tell, based on boxes, corrugated cardboard, that the economy not act