i'm kelly evans. a touch disappointing. that's the word on the street after sales growth slow in the fourth quarter. shares are lower. and prudential stock is on the rise after the insurance giant raises the dividend by 16% on the back of better than expected full-year profits. >>> plus a battle of the u.s. budget plans. senate democrats are set to unveil the answer to republican paul ryan's deficit cutting proposal today. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> it looks like a touch weaker for u.s. futures. look at the action. the dow did manage just at the end of the day to eke out small gains yesterday and that means it's been eight straight days of gains for this index. can it be nine? unusual. that would be the first time in 16 years in fact. meanwhile, perhaps some cautionary signs in the nasdaq which has had a weak couple of days stretch over here. s&p 500 also ended lower and looks to give up a point or two this morning as well.

i'm kelly evans. thanks very much for tuning into "worldwide exchange."g up on european closing bell, it's an exclusive with oleg, the ceo of russaou. in the meantime, have a great day. time for u.s. "squawk box" southbound.

i'm kelly evans. thanks for watching. time for u.s. "squawk box." we'll see you right back here, we hope, tomorrow morning.

i'm kelly evans. these are your headlines from around the korworld. this after lawmakers reject the terms of the european bailout by voting against a bank deposit tax. sterling is trading lower as they get ready to set out this year's budget expecting to redirect spending to revive growth and deutsche bank lowers its earnings due to mortgage related lawsuits and/ regulator investigations. >>> plenty still happening as we follow the cyprus story for you and explore just what it means for investors across europe and around the world because the market reaction has been relatively muted if you consider the extraordinary nature of these events. cyprus' president is meeting with party leaders this morning after lawmakers last night unanimously rejected a proposed tax on bank deposits. this was crucial to unlocking a $10 billion bailout. the house speaker said the decision had been made for all europeans. >> this decision of the house of the republic of cyprus is protecting all the people of the countries of the european union and this is the main message i

i'm kelly evans and these are your headlines from around the world. politicians in brussels and moscow are scrambling to come up with a plan b for cyprus. the president of the euro group saying a bank levy is inevitable. russia is criticizing eu's handling of the crisis as a summit of the two sides happens to get under way. through takes a nose dive after disappointing data. germany's manufacturing sector unexpectedly contracts. and chinese factories manage to post a rebound in march after during a lunar new year giving hopes that a gradual growth recovery is on track. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. welcome to this edition of "worldwide exchange." so many fast-moving fluid events across the eurozone. only as we're trying to follow what's happening in cypress, we're getting word that generally speaking the economic situation continues to deteriorate, continues to disappoint. the flash composite index for the eurozone, if i can just bring it up here, the manufacturing eurozo

i'm kelly evans. these are your headlines from around the world. cnbc confirms the cypriot finance minister has left russia having failed to secure a rescue deal. moscow insists it's not on interested in investing in the state reserves. all this and a continuing coverage on the street the. >>> a confident note on china, rising growth by stimulus and a strong investment outlook for areas like infrastructure. >>> uk oil giant bp announcing an $8 billion buyback after closing the stake in its russian unit tnk bp. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> and it's a decline in the ifo german business index for march. a decline that is to a level of 106.7. that's about a point shy of the consensus which has forced a slight increase to 107.6. so, again, after a day in which the flash pmis yesterday disappointed sharply, we're now seeing softening in its business climate index, as well. looks like the expectations index is a bit shy. 103.6 versus 105. current conditions came in shy of forecast

i'm kelly evans. these are your headlines tr around the world. cash has been brought in by the truckload, but tough capital controls are in place to keep people from clearing out their accounts. >>> the euro as europe's is set to begin deeply in the red. the dow is set for its best performance in 15 years. >>> and beijing tightens wealth management rules in an effort to curb financial risks. plus, blackberry goes under the microscope today as investors hope the new z10 smartphone will help the company turn around. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. a lot is happening on the program today. first, potentially more relevant than the near term issue in cyprus is just what's happening with m3 figures. we're due to get february figures out and here they are. it looks as though 3.3% is a three-month average. that compares with -- that's almost exactly as forecast. growth for the year, though, is shy of forecasts, growing 3.1% versus the forecast of 3.2%. private sector loans cam

i'm kelly evans ask these are your headlines from around the world. it's decision day are a cross europe. the stalemate continues in italy. the bank of england could launch a fresh round of quantitative easing. >>> the euro hits a fresh high in the latest auction of longer term debt. societe generale shares down after the french bank says it's cooperating with u.s. officials involving companies targeted by u.s. sanctions. >>> and president obama looks to make a big budget deal with republicans dining with lawmakers in washington last night. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> it's another morning and another key level, 14,301. it seems like just yesterday -- oh, it was yesterday. maybe the day before we were at 14,2 hunl and we're taking out another level of what futures are indicating this morning. 31 points above fair value. we are looking for rebounds after this index was sitting out of the rally yesterday on weakness in apple and a couple other names. here, trying to head back t

i'm kelly evans and these will your headlines from around the world. cyprus scrambles to prevent a run on its banks, planning to put into place capital controls in an hour that could last for weeks, even months. uk bank shares trading lower as financial institutions prepare to find out just how much capital they'll need to keep regulators appeased about the health of their balance sheets. and closer ties for the brcs. the leaders of brazil, russia, china and south africa agree to set up their rescue fund, perhaps rivaling the imf. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> back in the saddle here at "worldwide exchange" from brussels, where there's still plenty of news and speculation about just what the euro group is up to with the region's banks. plenty going on in cyprus, too. ross westgate is away, but bill blaine is here to help me through the program. first, straight to the news. >>> capital controls are expected to be in place within the hour in cyprus, this paving the way for banks

. >> and i'm kelly evans. these are your headlines from around the world. >> beijing steps up social spending in its latest budget in the bid to boost living standards and build out china's domestic economy. >> europe agrees to an anti-money laundering audit of its banks. but the finance minister says the originalin borders on racism. >> for us, a depositor is a depositor. it does not matter where they come from. >>> a 10% decline in car registrations in february over-shadowed the auto show in geneva. plus, hammer jeanie showcases the 4.5 million -- that is a cool looking car. >> standard chartered sets this dividend on the back of pretax profit earnings. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> february pmi, 47.9. 47.3 was the flash. it's still lower than the 48.6 in january but the pick up from the flash, the employment index 46.5, 46.3 was the flash. the final composite pmi, 47.9. >> both germany and france contributed to the higher revision.

. >> and i'm kelly evans. these are your headlines from around the world. >> washington and wall street brace as the deadline to pass the sequester passes. president obama holds budget talks at the white house today, but the odds are pretty low on a deal. >>> chinese factories fall to an all-time low. >>> and european equities begin the month trying to inch their way into the green after all three major u.s. indices end at a february high. the dow coming in within 16 points. >> you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to the last show of the week. plenty to do today, as well. >> the first show of march and we know what happens on the first day of the month. it's our favorite day or at least mine. open, that's why. it's the pmi figures around the world, frankly. europe, by the way, came in after the flash at 47 i think point 9 versus 47.8 flash. that's just in line with what we saw in january. some interesting things happening with the compone

. >> i'm kelly evans. these are your headlines from around the world -- >> the bulls are on the run. the dow hits an all-time high 164,286, surpassing the 2007 record. >>> telecom lead the beltway in europe with vodafone up more than 5% on report it could be eyeing a full merger with or sale to wireless giant verizon. >>> venezuela mourns the death of president hugo chavez as the rest of the world eyes the future of the country's leadership and its vast oil reserves. >>> one hour into the trading day in europe, fresh record highs on the dow. european stocks are looking for a softer start as you see. we're weighted to the upside 7-3. advancers outpace decliners on the dow jones 600. trading at multiyear highs and pushing higher this morning. the ftse 6,448. consolidated the move, up .25 as you see. looking ahead to the bank of england tomorrow. xetera dax up nearly 1%. the ibex up .had%. the -- .4%, the mib up.1%. as far as bond markets, interesting moves again on italian bond yield, 4.67%. spanish bund yie

i'm kelly evans and these are your headlines around the world. stocks drop in asia.taly's biggest retail bank is expected to post a fourth quarter loss. >>> shares in munich re are trading higher after the world's biggest re-insurancer issues a larger than spec'd for the year. >>> we'll speak to the head of the bundes bank later on cnbc. >>> and to super size or not to super size? a judge toes new york city in,'s ban on sugary drinks just as it was about to take effect today. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> it's going to be eight straight days of gains for the dow and for the s&p 500, not from the looks of things this morning. although, in the past, most of the last phase of this rally we have seen stocks start off in the red, futures, as well. we'll hold our breath and see what happens. but it does look at this point, taking fair value into account, the dow will shed about six points. the nasdaq and the s&p 500 looking to give up a couple of points. the cnbc ftse 300 gives us a fraction of a po

i'm kelly evans been. >> and i'm ross westgate. here are your headlines from around the world. >> hsbc shares are lower after the banking giant misses full year expectations of $20 billion. it does, though, lift its yearly dividend. >>> china's mainland markets knock off balance. real estate stocks tumbling. >>> and the battle line res drawn in washington after the sequester goes into effect this weekend. for now, the white house and republicans are capitol hill aren't giving any ground. >>> executive pay is in focus across europe. swiss voters overwhelmingly back plans to give mra shareholders control over bonuses. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> so is this the week the dow jones industrial average will finally reclaim its nominal 2007 highs? this is, of course, the question. maybe we can ask warren about it. becky quick will be speaking to him coming up in just about an hour's time on cnbc. >>> the dow jones industrial average this morning is going to make t

i'm kelly evans examine these are your headlines from around if world. steady as she goes. the u.s. economy is expected to have added another modest number of jobs last month, not enough to have significantly lowered the unemployment rate. >>> china added to the upside as numbers surge 20%. >>> the world's biggest economy bottomed out as the fourth quarter number comes in flat with the minus 1% estimate. >>> and passing grade, the fed says all but one of the biggest u.s. banks met capital thresholds in its latest round of stress tests. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> ross and i are together sort of today. 50i78 here on set in london. ross, it looks like you're in upstate new york. >> yeah. do you like it? i think it's a little nicer than upstate new york, even on a gloomy, dreek, damp day in italy. if you're wondering where i am -- >> there is something to be said for being there on the coast of the eitalian shores, is it not? >> yes. lake como. >> tell us a little bit. there was some back and forth with nourie

i'm kelly evans. these are your headlines from around the world. stocks are falling around the world as the controversial bank depositit levy sent shock waves through markets. >>> lawmakers are scrambling to negotiate the rescue deal with international lenders reportedly trying to put more of the burden on savers with over 100,000 euros in banks. >>> china's parliament is installing a new cabinet with the fresh premier to keep economic growth as its top priority. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to "worldwide exchange" this morning. bank savings that will ease the burdens amid smaller deposits. this amid a $10 billion bailout deal. according to dow jones, the new proposal will see deposits under $100,000 euros taxed 3% while savers over half a million will see the levy kred to 10%. those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime

i'm kelly evans and these are your headlines from around the world. fed signs off on most but not all of the capital plans and the biggest u.s. banks and its latest round of stress tests saying some still have their work cut out. >>> a change of tone in brussels, european leaders are giving countries more room to make public investments challenging germany's austerity drive. >>> and italy's parliament convenes today for the first time since its inconclusive elections. >>> china's parliament approves will i keqiang as the country's new premier as economic growth slows. >> announcer: you're watching "worldwide exchange," bringing us business news from around the globe. >>> thou, of course, we wonder can the dow makes it 11 straight days? i think it's been up 11 out of 11 fridays this year or something like that. but it will be a tough one today. it is looking to shed about 13 points right now at the open. 14,453 is the level there. the nasdaq, the s&p 500 looking to post slight declines at the open this morning, at least the way things currently stand.

. >>> i'm kelly evans and these are your headlines from around the world.won't pass, that's the word from the government in cyprus has lawmakers get set to vote on a highly controversial bank tax. the ratings firm warnings losses imposed on depositors would constitute a restricted default for the financials. and boeing might have lost lion air, but it's won ryan air. the irish low cost carrier placing a $16 billion order fo next generation planes. >>> and u.s. investors get a check on housing today with u.s. construction starts expected to point to continued improvement. >> you're watching "worldwide exchange" bringing you business news from around the globe. >>> before we get to the latest on cypress and everything else going on, let's give you the news out of the uk waiting on inflation data ahead of a key budget statement due out this weekend. the inflation data has generally surprised to the upside. you can see the sterling/dollar, while it's rebounding, roughly flat at 1.5097. cbi up 0.7% on the month, 2.8% on the year. that is the highest level since

. >>> in market news, we have a bit of a kelly evans special. the new bank of japan governor saying that the central bank is going to seek to push down market interest rates by purchasing longer data government bonds, expand its balance sheet and more aggressively see deflation. kelly evans was early on the whole japanese story. >> she was right, yeah. >> it's now time for the global markets report. >> we have ross westgate in london. ross. >> hi, andrea. it's on really cold. >> we're weighted to the upside, not by much. six to four, advancers outpacing decliners. you can see we started a little bit softer. we've gradually tried to crawl away at the upside session. with easter coming and all the markets closed on friday, the u.s. markets, are, as well, just to recap where we stand right now, the ftse 100 is just above the flat line. up 7 points, 22 points higher on the xetra dax. the ftse mib fairly flat, as well. we have got five and ten-year auctions coming out of italy in the next couple of days. we'll keep our eye owes that. there are two co

. >>> kelly evans is standing by in london. good morning. >> good morning. great to see you guys and is mike san tolly, as well. here is a look at what's been happening in tradover night. the ftse mib is up 1% in italy. we just got word from the bank of italy that those banks that posted a lost, it wants them to reign in bonuses and it's concerned about capital levels. that was in a statement. still in the green, bankintender, wmps. some of the other names have been suspended in trade, including bancopalatea. >>> let's take a look at the sovereign debt picture. we've seen the italian paper yesterday fall off. so 4.68% versus 4.81% for spain. she did go to auction maybe raising in 1.2 billion ur rowses. it actually in, fael, with 11400 euros. we learned that fourth quarter employment levels, guys, were at their lowest since 2006. so you take population growth into account and the fact that that's, what, six years on, fewer people employed? you can tell this story, even if it's been a positive one for now, is far from over. back to you. >> kelly evans, thank y

we're going to head overseas and check in with kelly evans at the moment. also eunice eune who is in beijing. but first to some of the other morning's headlines out of the united states. all the clocks in my house are still off kilter. 5:00 a.m. is what my car's clock says right now, too, so i had a little bit of an issue. >> years ago, my older son wrote us a note and said, dad, is it 11:00, 12:00 or 1:00? >> i feel his pain. we had issues. i have i was two hours off monday morning waking up with the kids and couldn't figure out where we were supposed to be. >> goldman sachs has a note from investor investors. gasoline falling nearly 6 cents in the last two weeks. the lundberg survey puts the national average for a gallon of regular at $3.73. the reason for the decline, refiners cutting wholesale prices following weeks of increases. industry watchers predict prices will fall another 10 to 12 cents in the coming weeks. >>> amazon's smartphone release may be delayed. the digit time reports the company will not be able to release its phone in q2 due to delays

kelly evans is like, these guys, god, i'm standing here. i have to go to the bathroom, i got other stuff i got to do. >>> time now for the global markets report. thank you for ever pushing us along. kelly evans standing by in london where finally she has a report. >> kelly? >>> yes, joe, there's an element of truth to what you just said. nevertheless, i'm happy to stand by, jump in now, and give you a sense of what's happening over here in europe. actually in a week when we're reminded again by all the central bank meetings especially today and tomorrow, the bank of japan, bank of england, the european central bank, europe has been on a stable if not tightening basis lately. that hasn't necessarily interrupted the rallynd equities. this morning, we're led by vodafone up 6.5%. that's a u.k. listing, of course, on potential talk about further tie-up with verizon. that's one corporate piece of news. for the rest of the story, though, it's actually banks that i want to briefly draw your attention to. down here on the stock 600, losing about .2

kelly evans. she does know. >> thank you on the segue. >> kelly evans is standing by. bet she knows. where is sugar made? come on. >> where is sugar made? isn't it made on southern plantations where they grow -- it's made in brazil. i know that much. made in parts of the u.s. i wasn't paying a whole lot of attention. we'll google it. you know what i was watching over here, guys, is what's happening on italy's stock market. we're down about 1.1%. it's basically been red across europe today. ftse underperforming. over here is italy down 1.1%. the reason i'm watching this is we expect any minute now the results of the latest bond auction. this is the first one since italy was downgraded by fitch on friday. so there's been a lot of focus not of course just on rome where we have the chimney watch going on but also for the borrowing costs here. apparently results still aren't out yet. they are expected to pay more than last night around but not significantly so. we've seen that spread between italy and sprain narrow. let's flip over and take a look at the bond space where it

kelly evans is standing by in london with that. kelly, good afternoon to you. >> hi, scott. it's not quite the afternoon here, especially with the time change. because of that, you only get one hour for "worldwide exchange" in the next three weeks. we have to sort this out. here is what's happening across europe. a broadly weaker session in asia. the ftse is trying to stay in the green. there was weak industrial data that has hit the market and hit the pound. the ftse mib is pretty much worrying about new government being formed and rush, as well. >> i want to show you the reaction of bank shares, and tessa is expected to show a fourth quarter loss. bankosanpalo, lasted night came out and report seven times bigger loss than 2012 was expected. shares initially down 5% on that news. then people started to go well, maybe they're throwing all the bad stuff in here and maybe it will get better from there. the euro/dollar is weaker down about 0.3% there. trading volume has been heavier in the australian dollar and the euro. finally, sterling. i mentioned this, now down 0.5%. ike i

let's get over to kelly evans where the drama was all weekend in brussels. kelly. >> and michelle, it was drama until the wee hours of the night here behind me. 4:00 a.m., 5:00 a.m., that's when ministers were leaving here, having at least agreed to something. remember, on sunday, it didn't look like we were necessarily starting the deliberations. let's remind otherwise of what we're talking about here. the cyprus economy is neither too big or too systemic to fail. fall is basically what the euro group has imposed on it. eats leaving it with almost no viable economy, certainly not to support the size of the economy it will grown to support. the trouble for cyprus being that they're going to have to take that pain and now the years ahead are going to be extremely difficult. we don't even know when banks are going to reopen. last night after those long negotiations when the cyprus manager left, julia stopped and asked him when people are going to be able to get their hands on their money. here is what he had to say. >> bearing that in mind, are the banks going

kelly evans is standing by in london. kel le, tell us more about any potential ripple effects if there are any. >> becky, here is what is so interesting. if you were to take a glance behind me, having heard the reports from michelle or news out of cyprus or lack thereof this morning, you might think this is contechnologion from that event. not necessarily. what's interesting is this has more to do with the real problems across the eurozone right now and it's fundamentally a lack of growth. we got some really disappointing figures on this pmi indexes this morning that show germany with the xetra dax down 0.9%. surprisingly in contraction territory in march. these are the flash estimates. its service sector activities readings slurchled if the french data was awful so the bottom line is across the upper row zone. the economy continues to get worse. it looks like the first quarter will be the sixth straight quarter of recession. without a sharp rebound, there could be a seventh straight quarter of recession. anyway, the ftse

we're going to go across the pond to see kelly evans too give us an update on what the heck is goingn over there. wa is going on over there? >> i can tell you, it's called plan b. if markets didn't like plan a, there might not be much to like the plan a. it's the cypriots that won't like this. it appears from reuters reviewing copy of a parliamentary draft, what the company is now going to do is try to exempt depositors with less than 20,000 in the bank entirely to those under 100,000 and to keep the tax at 9.9% for those above 100,000 euros in their accounts. if it doesn't sound much different from the original plan, it's not. it basically exempts those with less than 20,000. on the back of that, we did see markets weak. elsewhere, there has been a weakening, but realively contained one. the ftse mib in italy is down 0.3%. the xetra dax is down by 0.5%. france is weaker. the ftse, as well, down about 0.25%. not too far off the levels we've seen this morning. german economic sentiment did come in roughly in line with expectations, so that helps to keep the bid in the euro, as well. h

. >> kelly evans is standing by in london with the full story. d you've moved all your money out of cyprus, right, kelly? >> yeah, joe, i was tantalized by that 7% return. britain is coming out and saying it's going to try and protect depositors as much as it can. the greeks are apparently going to come up with a way to protect you, as well. how is it all going to work? details are sketchy. we're still waiting for the parliament to approve that. italy is down 2.3% today. it is the third biggest economy, second biggest, third biggest in the eurozone. anyway, that's for sure. if you want to know why people are concerned, italy has a primary ser plus, plenty of cater about leaving the eurozone. here is a look t bank stocks across the board. they're concerned about the precedence this is setting. there was only 200 billion worth. that doesn't necessarily mean a move would be off the table. unicredit down better than 5%. guys, after we saw markets initially bounce off their lows, this latest leg down has largely been led by the banks, more than 5% now

kelly evans is standing by the london. kelly, we've talked about how the month has been a very good one for the dow. it was up by 174%. s&p 500 up by better than 1%. what about what's happening today in europe? starting with china and continuing through europe, the message pretty has been weak. that's dealing a blow to sentiment. coming back and making this at least in the u.s. will be tough to flip back into the green. generally speaking, the emi held citi steady. the uk came out and is shows surprising declines. the periphery taking it on the chin today, as well. take a look at the impact we saw on starling in particular. we haven't been focused until very recently on sterling. over here, you can see 1.5028 so we're just 30 basis points away. 30 away from falling below that $1.50 level. we're already at a 2 1/2 year low. this hats fallen almost 0.9% after this trading session. after we saw it fall below the 1.55, is 1.54 level. there wasn't much to keep it from falling further and that's exactly what we're seeing here. th

kelly evans in brussels, thank you so much. we want to take a look at facebook.3251 and we are now down to 2549 and shares down 20% since the beginning of the year. >>> cyprus, cyprus, cyprus. up next, rick santelli will take a look at the country through the prism of time after the eak.k. >>> now let's get to the cme group and rick santelli and the exchange. >> this wild ride for cyprus is eye-opening not that it's necessarily market-moving in a way that's catastrophic, but it's absolutely very important. so let's read something that was put in "the boston globe" over the weekend. a restaurant owner in cyprus and let's read some of the comments that he made. i find this so fascinating. so let's put it on the screen and restaurant said it's been cash only here for three days. the banks have been closed. we don't really know if they will reopen and all of our suppliers are demanding cash, even the beer companies. all right, in their own words let's do cyprus back to the future. let's start out with the following quote, and this, of course, is from the previous hea

now we'll go to kelly evans who i never talk to about whether you went to paris. i don't want to digress. you were thinking about that. did you take the plunge? >> joe, i go this weekend. yes. i'll report back monday and let you know what i think. i haven't been. i'll let you know. in the meantime, i just want to go back to the point about who was in the room thinking this would be a good idea to tax deposits in cyprus. it's actually the cypriots themselves here. they have a $2.5 billion loan already with the russians. they are the ones who want to make sure the international community didn't come after russian depositors. they didn't want a double digit deposit rate because it would look bad. if you did the 30% or 40% tax on those higher earning accounts, that's putting it all on the russians who they rely on for this aid. what do we see this morning? they are going back to russia for more aid. that's why even though this would seem to make no sense for smaller depositors, they are trying to balance the interest between those smaller accounts in cyprus and need f

kelly evans is standing by in london. good morning, kelly. >> andrew, good morning. i'm here in london, but once again, the story is happening in tokyo overnight. look at the nikkei adding 2.6%. the yen is now at a 3 1/2 year low against the dollar. we were talking to dennis gartman earlier who pointed out in gold terms -- in yen terms, actually, gold is at a nominal high. well put on twitter practically everything is at a nominal high because of the weakness we've seen. the positive move is carrying over into the u.s. session and into the futures. the ftse 100 is rallying up almost 10% this year. we're up 0.3% building on that rally. the cac 40 in paris is up 0.9%. the strongest performers, frankly, have been utley and spain up is%. italy and spanish debt continues to rally. fascinating because of what we've seen in italy where there's still no sense of a government forming, where there's still questions about a new election being called in a kump months' time, maintaining that spread that we saw over there. we're going on 2 1/2 year lows for the yield on spanish de

kelly evans is standing by in london. and you wonder why we kind of always look askance at some of the stuff over in europe that you have adopted as yours so quickly. >> it wasn't just the comments from the german minute sdrer last week. the economists picked up on the theme and did it, as well. so the german clowns are coming back out and trying to fight for their good reputation and not knowsly be sociologied with what you saw there out of italian politics lately. what's interesting is what we're seeing in terms of the last lack of a coalition coming together on italy, the fact that there may be fresh elections called within three or six months time, the fact that beppe grillo is still popular, but he was nobd in terms of leaving and trying to get into his car right now. yet within look athis. despite what that might mean for the troing ka, there's no sign that markets are unnerved by this today. the ftse mib in italy adding 1.75%. if we can flip over to the bond chart, tights same kind of thing happening. we have seen

kelly evans is standing by. good morning. >> becky, good morning. they're ruining the appetite in the u.s. we saw yesterday. to joe's point, there is a disconnect when you look at the indexes at multiyear highs against the backdrop we see of ever weakening growth, but it is precisely because europe is so weak that more and more investors we talk to globally continue to pour their money into the u.s. so it's to some extent reflecting the risk that's emerging in the global environment as much as ignoring it. so, anyway, here's a look at the red arrows we're seeing basically across the board. the ibex 35 in spain down 1.3%, the ftse mib down 1.4%. these are the indexes to watch. italy's government, which has been on the back burner while we're watching the cyprus issue, is not being formed. bersani, who got one of the stronger mandates today, said he wasn't going to be able to form a coalition, and it sounds like this points towards fresh elections in a couple months' time. the five-star movement led by beppe grillo may have a stronger turnout in terms

evan ebel had an anger and a cruelty. i mean, he just had a bad streak. they tried everything. again and again from an early, early age with no great success. >> reporter: reverend leon kellying former 211 crew members. >> in my theory, this kid here, who may have tried to find a sense of identity throughout, you know, the course of his life, unfortunate evil sense of way he found it. >> reporter: saturday, ebel's father said, i am profoundly saddened by the recent events involving my son, evan ebel, and offer my most sincere condolences to individuals and families who have suffered from his actions. ebel's mother wrote the death of his younger sister in a car crash was a turning point for her son. he became numb and lost his direction altogether, between using drugs and committing crimes, he was put in prison for eight long years. she added years of solitary definement took the toll. yet now he's suspected of killing tom clements, a champion of reducing solitary confinement for prisoners. >> he would want justice, certainly, but moreover, he would want forgiveness. our family prays for the family of the man who took tom's life. >> reporter: should also point out that ebel