the micex in russia is down 1.6%.ek are indicating that we may see further falls at the open today. the biggest weekly decline since june 2012 for the s&p and the nasdaq. the ceo coming our way is joining us from chicago. scott, where are we now? a lot of people say we have been looking for sort of a major correction to happen. it would be healthy. is that what we are starting to see or not? >> yeah, we might be seeing a little bit of it, but what we are really seeing is the investors have lost confidence in the markets. we'll go back to that payroll report with the blowoff high followed by the weak numbers coming out of china. and then where i think the world lost their mind was with the five-year auction in greece. i think that was my key that things have gone absolutely haywire with that 4.95% over subscribed to the five-year. absolutely ridiculous and then the market took some more caution on that and then wrapped a red bow around it with ukraine and russia. we don't have anything here to give anybody confidence t

the cac current is fairly flight and the micex is up 1%. nokia, up 6.7%. it's unveiled plans of more than $3 billion in buy backs and extra dividends, this despite a slip in the first quarter revenue. shares in shire pharmaceutical up 3%. the botoxmaker is preparing a fresh takeover approach for the british drugmaker. one of the fallers, abb, down 6%. the pound and technology reporting an 18% slump in its first quarter profit. results come as the swiss firm continues to sell off parts of the business that aren't vital to its activities. check in on where we stand with bond rates today. ten-year treasury yields, 10.7%, looking ahead to the fed meeting, of course, we don't expect a change. the real success story of the fed is to think it's actually something of a nonevent, we expect another tapering of 10 billion of quantitative easing and for that to wrap up by october. gilt yields, q1 gdp coming out in the uk in round about 20 minutes or so. sterling ahead of that, up 4 1/2 year highs against the dollar. we'll show you where we stand at 1.6835 at the momen

ukraine crisis has led to a sell-off in the the micex down nearly 9%.rkets fairley off just off 0.2%. after what was a volatile start to the year, stocks and emerging markets have been staging a turn around. seem ma mody has been looking at which em stocks have contributed to this recent rebound and highlights what market experts are saying about these markets in the new quarter. >> a big turn around for the emerging market index is currently having its best nine-day winning streak since september of 2013. so what's behind the move? well, experts say the market has begun to assume that the worst of the geopolitical risk is over. plus, investors are resetting their growth expectations for china and other emerging markets. the big question is will emerging markets continue to outperform? well, a mixed opinion on the street while ubs sees the emerging market index gaining 10% by year-end. when it comes to emerging markets, it's hard to find a compelling story. in fact, they find the growth story in the u.s. and europe more exciting. now to the four bric ma

micex is down .40%, but gold is above the 1300 level. all this as president obama says the u.s.ce new sanctions against russia later today. he was speaking in manila where he's currently midway through a tour of asia. the president says the sanctions will tie both the vims and the companies. take a listen to what he had to say. >> the goal here is not to go after mr. putin personally, but the goal is to change his calculus with respect to how the current actions that he's engaging in ukraine could have an adverse impact on the russian economy over the long haul and to encourage him to actually walk the walk and not just talk the talk when it comes to diplomatically resolving the crisis in ukraine. >> this as seven international observers are still being held in eastern ukraine by pro-russian separatists. the rebels say the officials from the organization for security and cooperation in europe are on military duty with nato something that is denied. jim, what is the mood on the ground there? how intense has the conflict been? >> reporter: hi, karen. we are seeing on the ground ov

there's the micex, which is lower by now. wow. down 5%. down 3% this morning. a referendum, which would fit an old pattern in crimea. it suggests there will be more activity in eastern ukraine, if you believe the pattern we have seen so much with vladimir putin. and questcor phrma. $5.6 billion kharb and stock dea cash and stock deal. 30 per share in cash and 30.9 of a mallinckrobt. >> $5 million investment in one of the largest bitcoin mining company. 40% of the world's bitcoins are mined by bitfury chips. out of deep respect for both of them, i will not mention their last names. >> you can pronounce your own last night. tell us what this ship does. for those uninitiated if you will. >> this is a custom design. >> that's a chip. >> it's teeny. that thing can mine? >> hold steady. it is doing only one thing. >> come on. that's all. >> it is mining new bitcoins. >> yes. it is mining new bitcoins. if you send money a to b, it goes through these chips. >> how big a market is this for your chip? the reason i ask is supposedly from what i understand, only 21 million

micex down 1.4% at the moment. a number of individual stories we're following today. take a look at those. lo loreal posted drop. demand slowing in north america. the ceo is optimistic. relaunching a bid to reunite spirits. the brewer of miller blaming a slowdown in europe and south africa for fall in beer volumes. that's where we stand in europe. back to you. >> all right. thank you so much, ross. markets riding high after strong earnings. putting the nasdaq back in positive territory after last week's big selloff. joining us now from chicago is lou green. good to see you, lou. >> how you doing? >> good. so dow up 146 points yesterday. all that concern that we had last couple of weeks. is it over? you know, can we get back to business here? is there more to come? >> i don't know. it seemed to me there was quite a bit of angst from the peak on april 4th to the low a week later is 4%. sure, that was a pretty bad week. it seems the angst was larger than was necessary for it. i think one of the interesting things and the sources of the concern for the market is the diver