commerce department said factory orders in december came in weaker than forecasted on the european bourses let's see what's going on there we're also seeing inevitable correction following several weeks of extremely robust growth one of the biggest losers in europe is a dutch infrastructure company it's called m. tech and it's dropped forty eight percent in one day after it said it would have to write off one hundred thirty six million dollars on a project in poland and on the currency markets the euro is feeling the pressure against the u.s. dollar on all the bad news from europe the ruble ended the day mixed as you can see here weakened against the dollar as crude prices dropped on monday and following a ten week rally the russian equities lost value on monday then my six on the r.t.s. finished today three quarters of a percent and almost one percent in the red respectively. moscow's stock exchange the main platform for trading equities and russia is trying to revive the country's capital markets by setting a personal example it will offer it shares to the public next week exclusively wi

that russia's a massive privatization should be left to capital markets and not to overheat foreign bourses this year russia plans to offer investors massive stakes in three state companies including ten to twenty five percent of russia's second largest banks need to be seven to fourteen percent of the diamond produce our grocer and up to fifty percent of the shipping giant soft cotton flawed analysts say an exclusive domestic placement could hurt the month for the russian lots of billion dollar offerings there is a lack of long term investors in russia last year most co boards had just over one million clients registered that's compared to over nineteen million individual investors in the u.s. and china the moscow exchange is indeed taking steps to become more attractive to investors it introduced a central securities deposits and shortened time to settle trades so far however these reforms have not been enough to convince russian companies to forsake london and least soul in moscow last year for example all the major russian companies that completed public offerings chose to do it in lond

general dunford reacting to karzai's decision to ban the army and calling in foreign bourses to conduct air strikes in residential areas. a few minutes ago, the pope arrived for his penultimate sunday mass. it does called hundreds of thousands of people into st. peter's square. he says, i beg you to continue praying for me and the next pope. he thanked the faithful for their prayers and support. 150,000 people in vatican city today to see the pope. the chinese prime minister has demanded an explanation from malaysia. we have more. he was in the fact-finding mission in malaysia before the elections. he was denied entry on orders of the malaysian and government. in australia he spoke to us from adelaide. is in government is trying to downplay the importance of his own visit. >> let's clear this up. the is a line being said by prime minister. i am very that up with his apologist line. there were three other members of the trillion parliament coming on this visit and two of them actually had a program from a special minister of state. we're all went to provide a report involving members of

russia's a massive privatization should be the domestic capital markets and not to overheat foreign bourses this year russia plans to offer investors massive stakes in three state companies including ten to twenty five percent of russia's second largest bank creative be seven to fourteen percent of the diamond producers are grosser and up to fifty percent of the shipping giant flawed analysts say an exclusive domestic placement could hurt the months for the russian multi-billion dollar offerings there is a lack of long term investors in russia last year most co boards had just over one million clients registered that's compared to over ninety million individual investors in the u.s. and china the moscow exchange is indeed taking steps to become more attractive to investors it introduced a central securities deposit and shortened time to settle trades so far however these reforms have not been enough to convince russian companies to forsake london and least soul in moscow last year for example all major russian companies that completed public offerings chose to do it in london while three of

dollar and the year arrive to check out the mechanism here in moscow and see what happened to the bourses hair will be able to see got it the r.t.s. it managed to gain three basis points the mice that flow down a quarter. and moving on then. saying with russia russia is it rapidly increasing its foreign debt the total foreign debt at the end of twenty twelve amount to do six hundred twenty four billion dollars that breaks down to four thousand two hundred dollars for every russian citizen but things are not quite as bad as they sound because the share of the corporate sector accounts to about ninety percent certainly in an average russian is not responsible for gas problems huge debts for the south stream gas pipeline project to southern europe all the billions of dollars ross has had to pay for b.p. for its buying of the share of team k.b. pay now in reality the average burden on each russian company just over four hundred dollars wow ok let's put that into perspective then the u.s. foreign debt has been to over five point five trillion dollars that's nearly eighteen. thousand dollars fo

ended up at the bottom of the suggested range fifty five roubles a pop now the total value of the bourse now stands at four point two billion dollars that was a disaster both five hundred million dollars in total was raised from the i.p.o. but not nearly as much as home russia is keen to make the stock market more desirable to companies who prefer to live in london or new york and i would out of my which check out the markets and see what happens in moscow today and we did end up with declines really seven tenths of a percent for the r.t.s. and the mice it's just that i want to mention that one stock in particular took a battering from the blast chill of zing zing company near the brass not solve the metal roof was partly destroyed by it so we're watching that once a stock already suffering we have the financial implications on monday the russian ruble finished up the day low to the basket of currencies to the u.s. dollar and the common currency to see what happened in europe because we had u.k. stocks they spent much of the day we languish in in the red but have gradually crew old their

when it comes to stocks here in russia here they are they're trading in sympathy with the global bourses and hence the gains you're seeing right here. budget cuts and austerity measures they all seem to make europeans so focused on money they're now scrutinizing the salaries of top e.u. officials in fact the staff of the e.u. council is on strike over how much money some e.u. leaders make were curious to so here it is germany's chancellor angela merkel has a monthly salary of about twenty one thousand euros of which about four thousand euros as her pay as the member of the german parliament president of the commission jose manuel barroso is earning about twenty five thousand euros a month these figures might not actually seem like anything outrageous but you have to remember that the strike takes place against the backdrop of not just related salary cuts for many. european public servants. russia's billionaire alexander lebedev and his son you gave me how one the license to operate a new london t.v. station it will be it will base its content on the stories from newspapers the evening st

small but then big t government stepped in and progress stopped we taught people to be dependent the bourse stayed for. bill clinton put this on a better track through spending he did not want totaugt reform, republicans force timber that was good and the economy grew and we balanced the budget to a sustainable future but then-presidentbig bush happened 90,000 new regulators and new social programs he created a whole new cabinet departments and bail out banks and car companies that i was elected and i need a ladder. now we're back to $20,000 per personm $80,000 is what we spend but i'm getting0. dizzy we cannot pay for people who retire so this week i had an epiphany what is wrong with spending in the clinton years? widely need to spend so much more? we do not face greater challenges as when he wasa president and that gets uswe back to the clinton level support sequestration is a start and those drone? i just read the constitution? this seems a cannot kill people i need to look into this. i have been a hypocrite about the drug war and school choice. eohn: i can dream. h atybe next year. tha

at least author and activists for rosie manji believes the unaddressed could take a turn for the bourse. two cities and hearing a profound crisis a crisis of the credibility of the existing of milton arrangements for holding and a massive discrediting of the way in which they have operated i think there are signs that this could easily disintegrate into some kind of civil war only hopefully it won't happen and we remain to watch to see the popular movements organize to prevent this one of those frightening thing is the amount of external support for example by the qatari government of the right wing fundamentalists and it remains to be seen whether they got the present government will take any action against these terrorist groups. and as bahrain approaches the second anniversary of the beginning of anti-rejection protests the government and the opposition have finally agreed to resume dialogue your chances for ending the political deadlock in the gulf kingdom is slim the opposition clearly mistrust opposition mistrust pardon me is clearly at a high following a month of persecution i gu

a positive session for asian bourses on this valentine's day. the nikkei 225 rebounded 0.5% thanks to positive earnings from companies. uden surged today after the electronicsmaker raised its outlook. some caution ahead of the meeting this weekend. >>> hong kong shares ended higher by about 0.8%. cnook shares added nearly 15%. south korea's kospi finished marginally higher, by about 0.2%. the bank of korea holds interest rates steady for the fourth straight month. this suggests the economy is showing further signs of strength and inflation remains in check. meanwhile, australian shares climbed to the highest level in about 4 1/2 years. resources stocks led the charge after china's civics buys a 13% stake in aluminum. rio tinto posted its first annual loss, but second half earnings still exceeded expectations. back to you, ross. >> okay. thanks very much, indeed, for that. the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are

ended up at the bottom of the suggested range fifty five roubles a pauper now the total value of the bourse now stands at four point two billion dollars that was a disaster both five hundred million dollars in total was raised from the i.p.o. but not nearly as much as home russia is keen to make the stock market more desirable to companies who prefer to live in london or new york and i would rather my which check out the markets and see what happened in moscow today and we did end up with declines really seven tenths of a percent for the r.t.s. and the mice it's just that i want to mention that one stock in particular took a battering from the blast chill of things zing zing company near the brass not solve the metal roof was partly destroyed by it so we're watching that once a stock already suffering we have the financial indications on monday the russian ruble finished up the day lower so the basket of currencies to the u.s. dollar and the common currency to see what happened in europe because we had u.k. stocks they spent much of the day we languish in in the red but have gradually crew

let's now see what's going on the markets on thursday the european bourses were warning would the bulls as you can see right there and that's mainly on some hands from the e.c.b. chairman mario draghi that he has absolutely no intention of tightening the monetary policy any time soon is common those of his colleague the fed reserve chairman ben bernanke on wednesday over old wall street where trade is active this hour the stocks are also on the rise despite the latest data pointing to. some serious problems the economy grew a less than forecast at the end of last year and now the international monetary fund plans to all lower its growth forecast for the united states this year as eighty five billion dollars in spending cuts take effect on friday now move on to the currency markets the euro lost versus the dollar and here in moscow's you can see the ruble ended up losing against the dollar but gaining to the single currency now the russian indices ended the day mixed she has gained about a one percent the my six closed slot to negative as for the corporate sector telecoms trade a better

when it comes to stocks here in russia here they are they're trading in sympathy with the global bourses and hence the gains you're seeing right here. budget cuts and austerity measures they all seem to make europeans so focused on money they're now scrutinizing the salaries of top e.u. officials in fact the staff of the e.u. council is on strike over how much money some e.u. leaders make were curious to so here it is germany's chancellor angela merkel has a monthly salary of about twenty one thousand euros of which about one thousand euros as her pay as the member of the german parliament president of the commission jose manuel barroso is earning about twenty five thousand euros a month these figures might not actually seem like anything outrageous but you have to remember that the strike takes place against the backdrop of not just related salary cuts for many. european public servants. russia's billionaire alexander lebedev and his son you've gainey have won the license to operate a new london t.v. station it will be it will base its content on the stories from newspapers the evening

commerce department said factory orders in december came in weaker than forecasted on the european bourses let's see what's going on there we're also seeing inevitable correction following several weeks of extremely robust growth one of the biggest losers in europe is a dutch infrastructure company it's called a royal m. tech and it's dropped forty eight percent in one day after it said it would have to write off one hundred thirty six million dollars on a project in poland and on the currency markets the euro is feeling the pressure against the u.s. dollar on all the bad news from europe the ruble ended the day mixed as you can see here it weakened against the dollar as crude prices dropped on monday and following a ten week rally the russian equities lost value on monday then my six on the r.t.s. finished today three quarters of a percent and almost one percent in the red respectively. moscow's stock exchange the main platform for trading equities in russia is trying to revive the country's capital markets by setting a personal example it will offer a chairs to the public next week exclu

markets feel uneasy about lending to italy and the stocks are not doing any better than the long bourse was deep in the red on tuesday posting its a large as decline since april but the giant more bull middle finger that's gracing the square right out front of the stock exchange in milan is perhaps given an indication of the italians attitude about it well sure it's open to interpretations perhaps this unambiguous symbol means the stock market has given the middle finger to the rest of the world but the latest they'd it is just as explicit italy's public debt one hundred twenty seven percent of g.d.p. in two thousand and twelve and it's expected to rise this year making it the second highest in europe after greece to find out what the situation is really like and how it could affect the rest of europe i asked nick parsons from the national australia bank in london if he thinks berlusconi really is the evil he's made out to be or is it more about the potential deadlock in the parliament. mr berlusconi is probably got the position he wants which is the king maker that's to say he's got en

we'll ask him about the reports he's in talks with germany's bourse. >> a warning about the sequesterkicking in and a warning that the banks could be hardest hit if congress doesn't make a deal. the author of that very report is here exclusively. >> look forward to that. let's get you up to date on the markets. with the dow jones industrial average up 117 points on the trading session, the high of the day was a plus move of 127. right now the nasdaq, the last trade on the tech-heavy index has been to the plus side as well on the nasdaq and the s&p is in positive territory, as well. there's the nasdaq up half 5% and the s&p 500 is up half a percent as well, but it was about this time yesterday that it all went sideways and then down for stocks. could we melt up in the same way we melted down yesterday? >> yeah. we have the markets covered from all angles at this hour. today closing bell exchange, carol roth, anthony valeri from lpl financial and steve grasso from stuart frankel and our very own rick santelli. rick, i'll go to you first. what a difference 24 hours makes, right? in the l

>> when i came in lately, if the nikkei is down, this means european bur european bourses are up. i see the improvement. right around 135.80 and many thought we'd slip under 135. the euro correction, i can't tell whether it's over, but many traders don't think we'll see 137.5 in a while. treasuries once again, slightly above 2%, been there, done that, but it's still important because we haven't seen a huge rally pushing yields down for 2013. nothing big with big depth. and lumber, lumber today, as you see an intraday chart, was up, i think it's 2.4% which ends up being $10, maximum allowed. here's what's fascinating. open that chart up year-to-date, haven't taken out some recent highs, but if you pull back to a chart going to '05, could you clearly see we're getting to a zone we haven't seen since april of '05, and it's a testament that we have moved past the inflexion point. we're not robbing gdp in housing and slowly adding to it. the big question is how much. >> lindsey, that is a fundamental right there. that points to strength in the housing market down the road if they are b

reaction, but no matter how you slice it, the soft economics in europe are not only putting their bourses down, we're at a 5%, 6% spread, so the more they go down, traders down here thinks it drags us down. >> yeah. our treasuries haven't moved all that much. look at the dow, down just 34 points. as we said, down 93 at the lost day. not going to call this the belski bounce, brian, but what would you be buying here if you're buying this dip? >> well, listen, mr. griffith, we continue to be very bullish from a longer term perspective on areas like industrial, energy and technology. we think those three areas will benefit from a u.s. domestic recovery the second half of the year. when cap-x, yes, cap-x comes back into vogue, and that's the long-tail trade that could last three to five years and will really continue to help the u.s. outperform. mr. santelli is exactly right on the europeans. they remain very reluctant owners of the u.s. stocks, don't want to be here, reluctantly trying to come back but already too late because their heels dug in so far on european stocks this year, and they a

moons d s e t i institute is asking for public help to name to recently discovered moons orbiting the bourse so far, astronomers have been using the names p-four and p-5 to identify the tiny moons. >> the scientist who first bought a the most arresting to submit ideas for names, was will then be offered to the international astronomical union. that's the world wide group of astronomers to make a final decision on naming stars, planets and other extra terrestrial objects. you could participate by going to the website pluto-rocks -.com. >> still ahead on the kron 4 morning news north korea confirming it has conducted a third nuclear test. >> the un has called an emergency meeting. >> what it could mean for the united states. >> and laws angeles police department bringing on some added help to search for wanted chr keller christopher cdorner. how the help is looking at ways to get inside the owners did. >> plus we're watching the weather and traffic this morning. will be checking with erica let's look at the forecast, as well as george was watching your morning commute. >> >> (male announcer):

the same trade which helped to lift these bourses is reversing a little bit here in february, ross. >p. that's where we stand right now. ahead of the u.s. open, what are investors set to do at the beginning of the week? here is what some guests have told us this morning. >> platinum is probably our biggest position right now outside of equities. this, given, driven by loose monetary policies, inflationary pressures. on the loose side of things, auto demand is strong outside of europe. all of those things are driving did manpower. >> i wouldn't be surprised if we had another hundred bucks down side from here. that's simply because i think you're now moving into an environment where the banks are coming in better. and i think that brings up the question, then, why do you want to hold gold? you would want to hold something more -- >> definitely overbought. but they can go on overbought in a while. that could be 20% from here. i don't know. but clearly, a lot of people have checked in and they're all in one trade and they're all talking about the same thing, they're all writing the same t

>> it's a mixed day of asian bourses. the nikkei ended at a 33-month high. finally the yen split is still a priority. even as dollar/yen trades near the 93 level. panasonic shares jumped at 17% after turning to a quarterly profit in q3. the shanghai composite ended higher by 0.4%. official services pmi data confirmed a mild recovery. coal miners soared on higher demand and a new policy to improve mining efficiency. liquormakers took another beating after the public sector was urged to stop posing boozy banquets in the upcoming lunar new year. ping an insurance slipped nearly 3% today despite hsbc repeating the okay from beijing to sell its remaining stake. investors are afraid that hsbc might have sold its -- given how much market has value since the deal was first announced on december 5th. elsewhere, technologymakers brought the south korea kosty poundy by about 0.25%. meanwhile, australian shares ended lower ahead of the rba meeting down by housing data and job advertisement. india's sensex now trading lower by about 0.1%. back to you, kelly. >> sixuan, t

by tend of the day, we were looking at major declines on the bourses. some ground is being recovered this morning. a better tone to the session, but certainly nothing to recover what we saw come off these indexes. 0.3% on the ftse. today, the sweat wa dax is fractionally higher. the cac 40 adding 0.5%, ross. the ibex is rebounding by 1%. as you've rightly pointed out, that's only about a third of the decline you saw in this index yesterday. >> meanwhile, we've been talking about the reports of liberty the. we're now hearing bid talk wes virgin media at the late stage of negotiations. this is two sources being quoted by reuters. those two sources say the major parameters have been agreed in those bid talks. so two sources saying the talks are fairly advanced the.we're now in the late stages of a proposal by virgin media. virgin media up 14.9 the%. virgin media was initially a merger in the cable businesses in the uk and then they got on, of course, to phones and -- >> quadruple play, they're one of britain's first quadruple playerers in the business. >>

the hong kong market lived in step with the mainland bourses with resources and property developers leading the losses. elsewhere, south korea's kospi finished flat and another strong finish for australia as positive earnings news pushed the asx 200 to its highest close in more than 4 1/2 years. india's sensex ending higher by about 0.1%. back to you. >> sixuan, thanks very much for that. a lot of green on that board behind her. we caught up with the finance minister taro aso at this weekend's meeting in moscow. the boj was covered, but the first question, whether he thought the g-20 communique was an endorsement of japan's stimulus plan pes >> japan has repeatededly explain japanese policies have overtaken deflation. these are measures to overcome deflation as well as a recession. that's what's been said in the second paragraph of the communique. >> why do you feel then, certainly from the g-7 communique that the off the record meetings appear to be critical of the japanese policy and its implications for the yen. >> first of all, just before the dissolution of the lower house in japan, as

the bourse sank i'm going to get you. you better be really good if you're going to go get the guy.yoffs. the one to blame something? but it plays one game doesn't play the other and they have to get used to a new guy. >> i want to talk about two other players on the ground and kobe. --lebron out as kobe manage to score only four points and this game? i don't get it. eight interest turnovers >> that was just showing off last night. that's reading the papers and the internet. people say he shoots up to much. this happens darn near every year that he shoots to much. he goes the opposite way. >> is the being a baby? >> of a little bit. wendy's is you guys cut me of when he se off. it's a little bit of immaturity, it's like when i did not answer the phone. today i want to give you a gift, a toaster. >> tomorrow is valentine's day. six games, 30 points but my question is lebron vs. kobe. who is more like jordan? >>lebron does things that even jordan could not do. jordan of course was fantastic but lebron can guard everybody because he is 6 ft. 8, 100 270 lbs.. when he starts winning cham

having said that, the other thing that is happening is american bourses are beginning to take a backseato afghan forces. afghan for -- afghan forces are engaged in a lot of combat missions that are going on right now. they are leading many security operations out there. the face is a little bit different than it was a few years ago. it is certainly different than the days of the afghan insurgency and we had over 100,000 u.s. troops alone in the country. the afghan surge has been cut in half over the past year. we added that figure with the figures coming up. in essence, the presence of the u.s. is rapidly approaching zero on a graph line. that is what we're looking at right now. it is a lot of extra work for the folks that remain. host: our guest is served until 2009, and works in the pentagon. our first call, on the republican line. caller: my daughter serves in the marine corps. i'm very proud of my daughter. if we take and put our people out of afghanistan, what is going to prevent these people from going back over -- coming back over to our country, and a glowing us up again? we may

they do not want your bourses heard. have the lobbyists. the super -- they do not want your voices heard. they have the super pac's. they have this town in their pockets. they have the situation under control. and then you show up. and then that we show up. and we change the game. you brought your voices. are you going to be heard? you know we need to hear you. are you going to be heard? they say that climate change is a hoax. are you going to be heard about that? and they say that the science isn't clear and we should wait some more. are you going to be heard about that? we are going to be heard. we are going to make this right. it is not just us. there is a man over there in the white house who has found his voice on climate change. we are going have his back. he has said it to fail to act is to betray future generations. are we going to betray future generations? we're going to help barack obama win this fight and make this right. it's not just for us. , looked down the hallways of history. -- look down the hallways. they are watching. t

the european bourses shows them pretty flat as we go through the session. the ftse 100 is still above the retail level. down 0.6% on the ibex. that seems to be weather related more than anything else. volume is much weaker than expected, but they're talking about snow being the reason we're not very good at dealing with the light snowfalls that we have here, as well. the xetra dax and ibex down, as well. the currency markets being the focus here. mario draghi speaking just ahead of the g-20 this morning saying that we've had a lot of self-defeating currency chatter. the point is, a lot of that currency chatter has indeed come from policymakers. the yen has strengthened against the dollar. 94 with that 33-month high. we're currently at 93.62. there's a thought here that the communique will be nonaggressive and won't end up, as well. we have heard what they want to focus on on the g-20 is this idea that we need growth being stimulated. back in 2010, they said by 2013 we should be harboring the fl fiscal deficits. clearly, that's not happening and theory now s