but the nikkei still be low that key 9500 level.e'll see how that proceeds throughout the rest of the day. u.s. stocks didn't look too convinced following fed chairman bernanke's address about the state of the u.s. economy. yesterday saying that the recovery was uneven and also that it was moving along frustratingly slow, relating directly to the number of unemployed. now the dow gave back some of its earlier gains ending lower along with the nasdaq and the s&p. now here in japan we did see markets rebound and touch yesterday but the nikkei still did not manage to close above 9500 for three straight trading sessions as global markets still concerned about the u.s. economic recovery. and that worry has also translated into the currency markets weighing on the dollar. have a look at that and the greenback also actually temporarily fell below 80 yen level overnight in new york. and that followed the market moves in london on monday as well. now, investors are also convinced that interest rates are likely to rise earlier in euro zone th

but the nikkei and the topix down for now. back to you in the studio. >> thanks for that update. that was our market reporter from the tokyo stock exchange. >>> india's economy continues to log strong growth expanding 8 1/2% in fiscal 2010 that ended in march. the indian government said on tuesday that the country's gross domestic product grew 7.8% in the january to march quarter. that helped the government achieve the fastest growth over the past three years in fiscal 2010. but the pace of expansion in the manufacturing sector slowed sharply to 5.5% in the fourth quarter from over 12% between april and june last year. manufacturing includes the auto industry which is the driving force of india's economy. india has been struggling with soaring prices of gasoline and many other products forcing the central bank to raise key interest rates nine times since march last year. >>> euro zone nations continue to face a difficult job situation with april's unemployment hovering just below 10%. the statistical office of the european union said the jobless rate in the 17 nations that used t

both the nikkei and the topix trading higher, one point shy are breaking 9,600 on the nikkei, just below that. a positive start nevertheless. you mentioned u.s. retail sales fell but the figures were a little bit better than most analysts had expected. we also had data out of china yesterday with a consumer price index as well, industrial production which helped boost overall market sentiment, and that was following some recent data out of the u.s. which pointed to a faltering u.s. economy so a bit of a positive twist that we're seeing unraveling in the markets today. now most eyes are still going to be an economic data this week, we still have crucial housing data as well as the weekly jobless claims data out of the u.s., so we're still not out of the woods yet as far as market indicators go. now turning to currency markets, the reaction was pretty evident, we did see the yen giving back a little bit of ground against both the dollar and the euro, currently around the mid 80-yen levels, against the dollar, and having moved to around the lower 116 against the euro, compared to mid 115 to

economy but for now the nikkei down 90 points with the topix lower as well. back to you in the studio. >> thanks a lot for that, ramin that was our market reporter ramin mellegard at the tokyo stock exchange. >>> major japanese shipping firm nippon yusen unveiled a cargo vessel designed to minimize carbon dioxide emissions. the 60,000 ton freighter is used for shipping autos. it's originally fitted with sew lorre panels but the power sfli was unstable due to weather changes. to address the problem the freighter is now loaded with nickel hydrogen batteries to store surplus solar power. when not enough power is generated from the solar panels the batteries will be used instead. per year nippon yusen expects the fuel will save 21 tons of oil used as fuel for the power generator. >> translator: the new see lar power system's current goal is to cut co2 by 180 tons a year. >>> now let's get your recap of the latest market figures. and that's it for this hour in business. >>> now to our series "china rising." it's a country where car has become king. china sales of

we saw some positive moves in global markets on wednesday as the nikkei ended at a seven-week high and the dow finished at a four-week high. the gains in new york had a lot to do with the passage of an important austerity plan in the greek parliament as we mentioned earlier. greek lawmakers approved a five-year tax increases and state asset sales all necessary for greece to fix its troubled state finances and get more financial aid from the imf. >>> bank of america reached an $8.5 billion settlement. finished at at 12,261, up about 2740, that's up about 0.4%. market sentiment has been improving of late as we're seeing some positive signs regarding greece's debt problems but many analysts do not expect the mket to chase the upside so easily. for now investors will be keeping an eye out for key economic indicators including the bank of japan's tankan survey of business sentiment and ism manufacturing data in the u.s. which will be out on friday. turning to currencies the yen is stronger against the dollar. yesterday e dollar was trading in the 81 yen range, we're now back in upper 80 yen

first off let me take you to tokyo and the nikkei over there. the nikkei was up, did manage a gain of 0.2%. tepco fell 4% on some restructuring fears. its fears clawed back from a 13% plunge earlier today. tepco has been falling all week on growing fears that the government's plan to save and restructure it might actually collapse. shares of sumitomo and mitsubishi fell on those fears over in hong kong, the hang seng, is down about a third of a percent to 22584. it fell on fears of china money tightening on the mainland and air china fell 3.35%, china southern down 5.5%. that's because of fears of higher oil prices. in shanghai, that was the biggest market mover be fell by 1.75% to 2703. banking shares are down. new trade data is expected to come out on friday. also down to australia, the asx 200 did manage a gain of 0.3%. it was back and forth over the flat line for much of the day. in the day it did close up. jobs figures were just a bit over 7,000. that's disappointing for the jobs market there. the interest rate rise is now expected to be a

the nikkei, let me bring that up, the nikkei fell about 1.7% to close at about 9555. this plunge came on the back of two developments. the first was that political one, prime minister kan's no confidence vote, which he did manage to survive. the second was poor sales of japanese oautos in may. hon in hong kong, the hang seng was down about 1.5% to close at 23,263. this is the left finish for the index in about four months it was led by a fall in oil shares. cnooc and petrochina, their shares fell about 2%. over in the mainland, looking at the shanghai composite, the index fell about 1.4% to close at 2705. looking at slower growth and manufacturing numbers, real estate curbs, and falling banking shares today. like the hang seng, today's close was the lowest in about four months. and australia, the asx 200 fell about 2.27% to 4600. this was led by mining giants, bhb billton and rio tinto. you can bet the major selloff across our region has investors nervous about where the week is going to end. if we get more bad data, maybe those unemployment numbers from the u.s. on f

the biggest winner, the nikkei up nearly 2%. that was in no small part thanks to the performance as the yen. as it weakened exporters gained, sony up by 3.7%, toshiba nearly 3% higher, hitch tach chi 3% higher. a strong rally for the electronics stocks in tend. notoriously volatile at the moment. charles? >> a look at what's going on in europe, just over an hour into the day's trading. in paris, the kak closed up more than 2% on tuesday. different story today, i think it's probably a fairly classic case of buy the rumor, sell the fact. clearly a perception in the markets that that confidence vote -- i said a no confidence vote, it was actually a confidence vote, of course, in the new greek cabinet would pass. so they bought on tuesday, selling a little bit, taking a bit of profits here on wednesday. all of these markets edging back. zurich smi off by about half a percent. in terms of the greek exchange, that opens in 30 minutes. we'll take you there and show you the athens general numbers as soon as trading starts. a look at the

in tokyo, the nikkei lost 111 points. and in hong kong, the hang seng was closed for a holiday. >>> and wall street has been to the first full week of june. triggers will likely remain on edge following friday's disappointing may jobs report. last month, employers added the most new workers in eight months pushing the unemployment rate up from 1.9% to 9%. that spurred a selloff and offered evidence of what many are calling a soft patch in the economy. shares of tokyo electric power plunged 24% dragging down the nikkei. yesterday, tepco acknowledged 24,000 more tons were being removed and put into storage at the fukushima daiichi plant. >>> and scrambling to recover from attacks on hackers. the attack on nintendo seems to be less serious than the sony playstation security breach. >>> looking ahead, opec's gathering in vienna could be the petroleum group's most contentious in years. it faces pressure to respond to triple digit oil prices. >>> back here at home, apple ceo and co-founder steve jobs makes a big return from med

the nikkei average trading lower, down by more than 30% and breaking below the 9,600 mark. overnight in new york, a four-day winning streak. the fact that the fed chairman did not make any reference to the possibility of qe 3 and that the fed cut its growth forecast for u.s. economic growth this year and next triggered a round of selling. now, u.s. stocks were also prone to profit taking, especially after four straight sessions of gains which pushed up the dow by almost 300 points. on thursday, the -- on wednesday the dow finished at 12,109 points, or two-thirds of 1% and nasdaq finishing at 2,669.19. here in tokyo, the overnight losses in new york could put pressure on stock and the nikkei rise of 2% could mean investors could shell shares to take profits. meanwhile, worries over the situation in greece have eased somewhat, especially after the vote of confidence in the greek parliament. that could mean something positive for market sentiment here in tokyo. and on the corporate front, suzuki is announcing the earnings forecast for the current business year that he is somet

with the nikkei down over 180 points in the first few minutes of trading. the dow jones industrial average ended the day's session at 12,290, down 279 points from tuesday's close. the margin of decline was the sharpest for a year. now, the major indexes including the s&p 500 and the nasdaq all fell after data in the u.s. pointed to a slower economic recovery than many had expected 37. stop jobs data also showed a smaller number of jobs having been created in may than expected. those numbers coupled with the manufacturing ism numbers also places a greater significance on the main jobs numbers that are due out this friday in the u.s. a lot of focus on those numbers as well. this meant a shift over to safer assets like the yen on the premise that the data showing that the original bet earlier this year of a faster u.s. recovery is proving to be a little bit hasty. so we're seeing some shifts out of those original bets. exporters may likely feel the direct effect of the currency moves and adding to the negative sentiment may also be the number of auto sales reg

nikkei up two-thirds, same for the shanghai composite. tiptoeing down for sydney. >>> well, let's take you back inside the cloud. it's a big deal this week thanks to apple announcing its icloud which we told you about earlier. the icloud will let users access just about anything from documents to music from any apple device. think of clouds as data storage bins up there in the sky, but they are somewhere here on earth, and like real clouds there are many different types. max foster sorts it out for us. this is not a case of one cloud fits all. there are several clouds force all different needs. personal clouds, services only you can access. imagine having a briefcase with your important files in it. the only difference is all your files are in cyberspace. now, a public cloud, that's open to everyone. these are sites like flickr, which share your photos or youtube for video. companies like amazon, google, apple, they are moving into the cloud business when it comes to music in particular. they want to you choose them to buy and store your

north up to japan, the nikkei up by more than 1%, that was its biggest daily gain in more than three weeks. carmakers making big gain. tepco down 3%, after moodies downgraded to junk status. hong kong's hang seng closed up 1.2%. property stocks regaining some favor this day, energy companies also making gains and finally just up the road, shanghai closing up just under 1%. nina? >>> andrew in the u.s. stocks rose despite ongoing concerns about that enormous greek debt pile. at the end of the session all indices added 0.5 and 0.6%. >>> greece is selling off the family's silver to settle their debt demands. george papandreou has the governing majority of five seats, formed his new cabinet last friday, he must survive a confidence vote in parliament. if he doesn't, greece could dissolve and if the cuts are approved, expect to see a fire sale of states assets, ports, airport, as greece tries to raise $71 billion through a privatization program which is scheduled to run up to 2015. now that prospect of the privatization and more austerity measures hasn't gone down with many greeks. tens o

let's take a quick look at how the nikkei is doing so far on this friday morning. the nikkei average as you see on your screen there in the positive recovering the 9600 mark at the open and the topix moving in positive territory. obviously the biggest economic event this week was the meeting of u.s. fed policymakers which ended on wednesday. there were no major surprises on the monetary policy front. however the fed did lower this year's and next year's growth forecast for the u.s. economy and market focuses once again back on global economic conditions, and in fact, concerns over the health of the world economy became a major factor in trading overnight. adding to that bass a drop in crude oil futures, prices which you mentioned earlier. the dow finishing at 12,050, down 0.5 or 59 points. the nasdaq finished in the positive 2686, up 0.2% or 17 points. >>> jitters about the greek debt situation are easing somewhat and bargain hunting could provide some support as investors may see that prices are starting to look pretty attractive at these levels. >>> turning to cu

the nikkei average in fact in positive territory, recovering the 9600 mark so far. now on monday the dow enjoyed its first gain in four trading sessions on two major factors, one was banking shares which rose on news of more favorable capital requirements. on saturday, global banking regulators in basel said banks needed to increase capital by 2.5 percentage points and that compares with 3 percentage points which was originally feared. that includes bank of america and jpmorgan chase. the second factor which pushed up u.s. stocks was greece's debt situation, investors became more optimistic that the greek parliament will pass an unpopular austerity package needed to get the next bailout payment. markets were largely unmoved by consumer spending data for may that showed a drop of 0.1%. the dow finishing at 12,043, up 0.9%. the nasdaq finishing at 2688 points, that's up about 1.3%. in japan's corporate news one of the biggest events today is tokyo electric power company's shareholder meeting that will take place less than an hour from now at 10:00 a.m. tokyo time. tep

nikkei was down 0.64%. in hong kong after a distinctly underwelling first day's trading for sampson night on thursday during the -- during that time, the they sole. prada is now trying its luck at its first initial offering. it was discounted sale of the handbag company that allowed it to raise $2.1 billion. seoul, shakospi and shanghai bo losing. >>> more on the weekly benefits claims fell and new home construction rising but it was still overshadowed, yes, again, by the european debt crisis. the dow was up. the nasdaq, however, was down by a third of 1% and the s&p 500 was somewhere between those two firsts. and here's where the figures stand today in the u.s. down across the board. we do have a number of hours before things kick off on wall street. >>> well, the talk offed by money and big opportunities for business continues in russia and we're live at the international economic forum in st. petersburg next. new neutrogena® rapid wrinkle repair. its retinol formula smoothes wrinkles in just one week. wh

for now the nikkei above 9600. back to you in the studio. >> thanks a lot. that was our market reporter ramin mellegard at the tokyo stock exchange. new car sales in china dropped by nearly 4% in may compared with a year ago. it marks a second straight month of declines. the china association of automobile manufacturers said on thursday that new auto sales came to just above 1.3 million units. that's down about 4% from a year earlier an was the second monthly decline in a row. in april, sales mark their first drop in over two years when a modest fall of 0.2% was posted. the decline comes after government subsidies for new car purchases introduced in response to the global financial crisis came to an end. the move by beijing to limit the number of new cars to cope with traffic congestion and air pollution also damped demand. another factor is the ongoing difficulties that japanese makers face in getting parts. sales by toyota motor and honda motor declined by over 30%. now, china was the world's biggest auto market for a second straight year in 2010 when over

the nikkeis with down 0.7%. one was a fall in machinery in april. that was combined with a stubbornly strong yep and the yen down three-quarters of a percent. toyota and hyundai were the two big companies taking a tumble. here in hong kong the hang seng suchered losses but that came after tighter mortgage rules were introduced. the hang seng did bounce back later in the day. it's a fraction of a percentage higher. fashion label prada is set to float on the city's stock exchange one week from this friday and rumors are also around that football club manchester united will join later. fin finally across the border in china, it finished down more than 0.1%. charles, back to you. >> okay. ramy and associates, thank you. anne unknown party has set its sights on infiltrating the fund's i.t. system. on sunday they confirmed the institution had been involved in a cyber attack. the fbi is investigates that incident which they say is the work of a nation state intend of gaining knowledge on the funds and the workings. a world bank said it was temporary employ

followed continuing concerns about the overall bailout package that's planned for greece, but the nikkei and the topix in the negative for the first few minutes of trading. back to you in the studio >> thanks a lot, ramin, that was market reporter ramin mellegard at the tokyo stock exchange. >>> as many countries seek ways to exit from nuclear power generation as a result of the accident at japan's fukushima daiichi plant, an energy watch dog says global demand for natural gas will jump more than 60% by 2035. the international energy agency forecasts global demand for energy to rise by 37% from the 2008 level by 2035. the demand for natural gas in particular is estimated to rise by 63%. demand for natural gas will exceed that of coal by 2030, becoming the second largest energy source after oil by 2035, natural gas will account for more than a quarter of global energy demands. the iaea says the boom in demand for natural gas is spurred by its relatively low price and a sharp increase in unconventional gas production such as that of shale gas. another factor behind the decline in nuclear p

taking a look at overseas trading this morning, in tokyo, the nikkei lost 111 points, and in hong kong, the hang seng was closed for a holiday. as wall street heads into the first full week of june, traders are going to be likely on edge following friday's disappointing may jobs report. last month employer added the fewest number of new workers in eight months pushing the unemployment rate up to 9.1% from 9%. that spurred a sell-off on friday, and offered more evidence of what many are calling a soft patch in the economy. >>> overseas this morning, shares of tokyo electric power plunged 24% dragging down the nikkei. tepco acknowledged that 1,500 more tons of radioactive water were being removed and moved into a temporary storage at its fukushima daiichi power plant. >>> gaming giant sony and nintendo lost ground as they scrambled to recover from attacks by hackers. the attack on nintendo appears to be significantly less serious than sony's recent playstation security breach. >>> looking ahead, wednesday's opec gathering in vienna could be the petroleum group's most contentious in years

gains of 0.75% for the nikkei, the biggest market there and scant gains for both the chinese markets in hong kong and in shanghai and in australia the s&p asx 200 up .0.75 after monday. >>> shares of toyota motor held steady tuesday despite moody's downgrading to aa3 from aa2. falling production in sales at toyota could cause it to lose its status as the world's number one carmaker. we'll have more on that later. >>> in another story getting a lot of attention in asia, the china yurun food group. the share price sank 5% tuesday after falling almost 20% in monday trading. it is linked to rumors of report by an outfit called muddy waters research. as its name suggests muddy waters looks for transparency in the sometimes murky world of chinese business. i thought it was a singer but right now across the atlantic a mixed bag on the u.s. futures, major indices are up slightly for the dow and nasdaq composite, down slightly for the s&p 500. in greece workers have begun a two-day general strike as they fight to block a fresh round of austerity measures, live from greece, those measures are

and despite the news from honda, nikkei was up 1%, edging down the hang seng.nflation data out of china encouraged the shanghai composite to put on 1% or more. and kospi up 1.37%. they look set for a higher open when trading begins later on tuesday. and this is where the u.s. futures market stands, premarket action. up by half percent for the dow and the nasdaq. and the market expected to do even the s&p 500 up.77%. we are in hong kong with the numbers. hello there. >> hi charles. thanks very much. china's consumer price index number came out at 5.5%, the highest level this year and the highest in the last 32 months, in fact. earlier this year, beijing set a cpi goal of 4%. joining me to help figure out where china is headed is the chairman of global markets china. thank you so much for being here. >> thank you for having me. >> i want to ask you basically looking at the charts the last five months of the year it wasn't unexpected to have the cpi come in at 5.5%, was it? >> that's correct. today's cpi reading, 5.5% is exactly in line with expectations. however,

in tokyo, the nikkei was down about a third of a percent to 9597. nissan motor kept today's slide from being too dramatic. it rose 1.3% after it said its annual profit wouldn't fall as much as expected. suzuki also surprised investors with about a 3% pop. it said global sales could rise by almost 7%. that's a quick comeback for both of these after march 11th quake and tsunami. over here to hong kong. the hang seng was down 0.5%. that's after words from fed chair ben bernanke and tightening liquidity in china weighed on financials. in shanghai, the ssec did a turnaround, up about 1.5%. that's the most in more than three months. this push came from investors who bought into property and cement stocks. those sectors are expected to benefit from a new social housing program ordered by beijing. and finally, down to australia. the asx 200 was down 0.75% to 4500. this decline was led by falls in energy and materials. of course, related to the global slowdown. telecoms dragged, telstra was down 2.3% after it agreed to sell much of its network to the nationa

losses for automakers and utility on nikkei paved the way for losses across the region. tokyo was able to claw it's way back into positive territory. only just south korea released economic data shows gdp for the first three months of this year grew a little less than expected. as you can see, the kospi ended down by 0.75%. shanghai composite up by 0.22%. in the meantime, in the u.s., that reality check from the federal reserve chairman bernanke before the close of trading did manage to give investors a bit of a sinking feeling. speaking in atlanta, bernanke said the u.s. economy had lost momentum and growth is patchy at best. >> with the effects of the japanese disaster on manufacturing output, likely to dissipate in coming months, and with some moderation in gasoline prices and prospect, growth seems likely to pick up somewhat in the second half of the year. overall the economic recovery appears to be continuing at a moderate pace, albeit at a rate uneven across sectors and frustratingly slow from the perspective millions of unemployed and underemployed workers. >> aft

as you can see, the nikkei ended the day up by about 0.5%. >>> let's take you back to that thursday turnaround on wall street. alison kosik is in new york. >>> stocks on wall street posted solid gains thursday, snapping a six-session losing streak. analysts viewed the rally as a buying opportunity with investors swooping in to scoop up shares that had been beaten down recently. at the close the dow jumped 75 points to 12,124. the nasdaq added 0.3% and the s&p 500 gained 0.75%. >>> bank shares climbed with wells fargo, jp morgan chase, citigroup and goldman sachs climbing 3.2% each. most companies fell between 8% and 12% in the past month alone. in economic news, the u.s. trade deficit unexpectedly narrowed in april to its lowest level of the year. exports hit a new record high, a good sign for u.s. manufacturing. while imports declined, likely due to the effects of the earthquake in japan. >>> weekly jobless claims remained flat last week, edging up 1,000. analysts normally associate a level below that with job growth. >>> looking ahead, the last pieces of economic data of the week are due out

nikkei down by a little over 1%, not helped by a stronger yen. the hong kong hang seng do down .6%.ting a bit of a follow-through after comments by the leadership last week that inflation will be liked by the end of the year, they say. and that's helping the markets there. the australian market down 1%. a little over 1% in sydney today, charles. >> okay. >>> i don't think we're descending at all from the overall pattern if i tell you that u.s. markets look as if they're going to be heading for a slightly higher open when trading begins later on monday. still very much volatile to sideways. this is how the u.s. futures are looking in premarket action. they've gained slightly in the past half-hour. not much to write home about, andrew. >> yeah. it shows that uncertainty flip-flopping around waiting to get some form of closure on greece. and we just -- it's been going on for so long now. there doesn't seem to be any clarity emerging yet. certainly if we listen to our correspondent in athens, there doesn't seem to be any finality about what will happen the next three days. in the other

the nikkei managed to outperform most asian indices yesterday on the back of utility costs that a resumption of power generation may help to cover electricity shortages. we're going to keep tracks of the electric companies which was actually up around 4% yesterday, tepco. that sector of the market will be a focus. tepco will continue to be in focus also as it tries to come to an agreemts with key lenders to maintain ongoing loan agreements as it tries to balance day-to-day operating costs with also the huge losses that it's incurring due to the crisis at the fukushima nuclear plant. now, market sentiment here in japan, apart from the fallout from the march 11th disaster as well as domestic politics surrounding prime minister kan is dependent upon developments in the u.s. economy. due to that there's a lot of focus on the federal reserve meeting on wednesday, but more importantly on the words fromert the press conference following that meeting. recent data points to slightly weaker than analysts expected, and that's raised a few questions about the recovery in the world's biggest economy. tur

taking a look at overseas trading this morning, in tokyo, the nikkei added 62 points. but in hong kong, the hang seng was down 80. stocks slid for a fourth straight day monday with the s&p 500 hitting its lowest point since march. friday's disappointing may jobs report has apparently convinced many traders the recovery is indeed in trouble. monday's losses came across the board. all ten industry groups fell on the s&p. financials were hit hard. citigroup lost 4% as did bank of america, closing at its closest point since may 2009. lowes dropped more than 2% after one firm cut its stock rating, blaming home prices and jobs. oil fell under $100 a barrel to a penny over 99 on recovery fears and speculation opec may raise supplies. energy shares yield fueled by chevron. elsewhere, steve jobs unveiled apple's new music streaming service, icloud. but jobs' second pup appearance since taking medical leave in january didn't keep apple shares from dipping. the supreme court ruled haliburton shareholders can pursue a class action lawsuit claiming the company inflated its stock pr

the nikkei putting on 0.2% for the day and the hang seng up by 1.5%. the s&p asx 200 in australia up by 1.75% on the day. over to the action on wall street on wednesday, financial also leading the charge there. that came after bank of america agreed to an $8.5 billion settlement with investors. on the face of it, a huge settlement like that doesn't seem like good news, does it? but the bank of america, it means that it has escaped criminal charges and investors are hopeful that they will finally draw a line internet bank's involvement in the entire u.s. mortgage mess. >>> the approval of austerity measures in greece added a note of optimism on the other side of the bomb. this is the picture at the close of trade. pretty solid gains with the s&p 500 up by 0.8%. looking ahead to thursday's session right now, this is how u.s. markets look set to open. if we look at the future trading, it seems as though we could see the s&p 500 once again outperforming the other two markets. the gains for the most part with the exception of the s&p modest at the moment. >

looking at overseas trading this morning, in tokyo the nikkei climbed 105 points while in hong kong if rose 251. >>> a lack of bad news and progress in greece's debt struggle helped stocks notch modest gains on monday. facing mid-july default, euro finance ministers gave greece two weeks to approve strict austerity measures in return for billions more in emergency loans. that helped the s&p 500 record its third straight plus day, the lodge e longest win sfrik in streak in a month. >>> the internet's global coordinates approved website addresses names for a huge shake-up in how the web wit operate. >>> the nation's credit union regulator filed lawsuits against jpmorgan. >>> government approval of a tamper resistant pain drug sent acu acura jumping 17%. >>> on the first day of paris' air show the airbus bagged over $14 bill won in orders yoet selling boeing 9 billion. >>> later today the government will release nine new cigarette warnings labels depicting the health effects of smoking. >>> last year spirit airlines gave us the $45 carry-on bag fee. now it will charge $5 if a gate agent p

japan's nikkei was the highest, closing at almost .75%. in your part of the world, u.s.ht. european markets seem to be following, on wall street's gains. they're all up except for the german dax. it's down slightly. so there certainly

taking a look at overseas trading this morning, in tokyo, the nikkei dropped 62 points while in hongong, the hang seng plunged 304. as tracie potts pointed out at the top of our show, today there is one word on investors' minds. jobs. earlier this week, a dismal private payroll report sent shock waves across markets and sent economists scrambling to revise estimates ahead of today's big jobs reports. numbers out yesterday showed new claims for jobless benefits fell last week. lackluster retail sales from target and gap added to market's markets finishes yesterday. however, high end retailer s sachs fell 1%. groupon took its first step toward becoming a publicly traded company, filing papers for $750 million initial public offering. the u.s. treasury is selling its stake in chrysler to italian automaker fiat for $500 million. the u.s. expects to recover all about you about $1.3 billion of the $12.5 billion invested in the u.s. brand. >>> meanwhile, a group of hackers appear to have it out for sony. sony pictures entertainment website was reportedly broken into. finally, how much was a

taking a look at overseas trading this morning, in tokyo, the nikkei nchd 6 points.in hong kong the hang second dropped 2.07. >>> worries about the struggling economy dragged the blue chips into the red yesterday. after fed chairman ben bernanke blamed high gas prices for what he called frustratingly slow pace. bernanke offered no new stimulus measures. >>> adding to those woes the labor department reported businesses posted about 100,000 fewer jobs in april than they did in march. >>> after the bell, home builder hovananian reported losses that dragged it lower. race speculation that rival weyerhauer would make a play for hammermill papers. >>> you may want to check your facebook privacy settings. the social site has enabled facial recognition technology. prompts your friends to tag you in photos tagged on your page. one very difficult for one woman from the netherlands to unfriend from facebook pap after she had all 152 of them tattooed on their arm. >>> nbc universal has won the rights to broadcast the olympic games through 2020 comcast plans to spread the olympic

taking a look at overseas trading this morning, in tokyo, the nikkei added 25 points but in hong kongthe hang seng lost 57. wall street investors hope the market's more optimistic may ending will carry over into june. signs of a possibly deal to keep greece from going into default, stocks close out on a high note. however, the latest round of data here at home hasn't instill much confidence in the housing economy. the scene can't seem to break out of its slump with housing prices moving to the lowest level since 2006. add unsteady job markets to a week housing market, it's no surprise consumer confidence fell to a six-month low last month. oil prizes rose to settle above $102 a barrel. apple added 3% on news ceo steve jobs will introduce new software next week, including a much anticipated icloud computing service. it will provide remote access to your itunes account thanks to agreements apple has made with a number of record companies. meanwhile, u.s. listed shares of nokia tumbled to a 13-year low after the company did away with its full year forecast for hand sets and services. par

taking a look at overseas trading this morning, in tokyo, the nikkei inched up 6 points, but in hong kong, the hang seng dropped 207. worries about the struggling economy dragged the blue chips into the red for a fifth straight day yesterday. stocks gave up early gains after fed chair ben bernanke blamed high gas prices and japan's disasters for what he called a frustratingly slow pace of economic growth. predicting the rate will pick up in the months to come, bernanke offered no new stimulus measures, which came as a disappointment to some. adding to those woes, the labor department report businesses posted about 100,000 fewer jobs in april than they did in march. after the bell, home builder hovnanian reported quarterly losses that dragged its shares lower. in deal news, international paper's hostile takeover bid for rival temple-inland drove that company 40% higher and raised speculation that rival warehouses would make a play for international paper. >>> nbc won a bidding war for the rights to broadcast the olympic games through 2020. comcast, the parent company of this network,

taking a look at overseas trading this morning, in tokyo, the nikkei gained 47 points, but in hong kong, the hang seng lost 189. it didn't take much to break stocks out of a week-long stump yesterday. news that u.s. exports rose to a record level in april eased some concerns about a stalled economic recovery while a lack of any big surprises from the latest jobless claims helped stocks hold on to most of the day's gains. a spike in oil prices helped lift energy stocks as crude climbed above $110 a barrel. for now, though, pump prices are down to an average $3.70 a gallon, nearly 22 cents cheaper than last month. texas instruments ticked higher, despite the tech company trimming its earnings and revenue forecast. citi group is replacing credit cards for about 100,000 north american customers after revealing some 200,000 of its online banking accounts had been hacked. >>> aides for secretary of state hillary clinton says she is not pursuing a position as the next world bank president, angrily refuting reuters report she's in negotiations to leave the obama administration. >>> payments tie

in tokyo the nikkei gained 99 points, but in hong kong the hang seng shed 12. >>> well, deal news helpedall street pretty much break even on monday distracting trade fears of the economic recovery and the possibility it may have stalled. vf corp., the owner of north face clothing is buying timberland, known for its hiking boots, for $2 billion. vf climbed 10%, and timberland surged 44%. >>> square burgers and roast beef are divorcing. wendy's, arby's group, is selling control of arby's to rorke capital group. a private equity firm that owns several fast-food franchises. google struck a beat to buy advisor. ad meld. reports put the price at $400 million. google's total ad revenue is expected to surpass $30 billion, more than the entire newspaper industry combined. >>> elsewhere u.s. airlines collected $3.4 billion for checked luggage last year, up 24% from 2009. the main reason the industry made money after three years of losses. >>> standard & poor's cut greece's credit rating monday to two notches above default. >>> oil tumbled to its lowest level in nearly a month settling at $97.30 a

taking a look at overseas trading this morning, the tokyo the nikkei raised 169, the hang seng nudged up 9. >>> growing hopes greece will avoid default led stocks to a fourth straight gain on tuesday. the nasdaq had its biggest percentage jump and the s&p 500 had its best day in two months. still traders wonder, have stocks regained their luster or is this just a run of short-term buying? regardless, tuesday wall street swaggered thanks to confidence greece's austerity minded prime minister would survive a no-confidence vote, which he eventually did, a vital step toward ending the crisis. >>> traders shrugged off negative news. sales of previously owned homes hit a six-month low in may. the nasdaq eked into the black for 2011 led by research in motion. the struggling blackberrimaker gained over 10% after a steep fall monday. still shares have lost roughly half their value and speculation squirrels r.i.m. may be bought by microsoft. >>> wal green's fell after failing to renew a deal with express scripts. barnes & noble stock fell from competition at rival borders. they'll settle charge

taking a look at overseas trading this morning, in tokyo the nikkei dropped 81 points, but in hong kong the hang seng climbed 412. >>> the dow did finish in negative territory, but things could have been much worse. with the index down 240 at one point. rescue came from reports that greece forged a deal with the eu and imf on a $40 billion austerity plan. the agreement aimed at helping athens avoid debt default, came after greece committed to more tax increases and spending cuts. the news buoyed the dow, but wasn't enough to totally erase losses driven in part by a drop in oil prices. oil stocks slipped after the international energy agency said 60 million barrels of oil will be released from reserves. half of it will come from the u.s. the goal is to make up for the loss of libyan exports. >>> a stock to watch today? h & r block. after the bell it reported that its q4 profit fell 5%, missing expectations. also coming in below forecast, micron. revenue fell 7% with the memory chipmaker warning of a softening in desktop and netbook sales because of the tablet. also disappointing tech new

taking a look at overseas trading this morning, in tokyo the nikkei gained 26 points, but in hong kong the hang seng dipped 152. >>> tuesday almost seemed like old times on wall street as stocks roared, posting their biggest gains in nearly two months. however, most analysts say the upward trend won't necessarily last. ironically, bad news that wasn't quite as bad as expected, drove buying. retail sales in may dropped for the first time in 11 months, but less than forecast. as a result, department stores and other retailers moved higher with nordstrom and home depot up 4%. also in retail jcpenney zoomed 17% after naming ron johnson, the man who pioneered apple's retail stores, its next ceo. >>> traders worried about the stalled recovery also got a boost from data showing wholesale prices rose in may by the smallest amount in ten months. >>> best buy rose 5% after reporting results that beat forecasts. avis budget group says it will take over avis europe in a $1 billion deal, raising suspicions avis budget is backing away from its bidding war with hertz for rival dollar thrifty. >>> in

taking a look at overseas trading this morning, in tokyo the nikkei grew 148 points, while in hong konghe hang seng was up a fraction. >>> stocks surged higher tuesday on optimism that greek leaders will pass an unpopular austerity plan needed to keep the country afloat. in athens yesterday police fired tear gas on angry protesters demanding the government vote down the harsh measure designed to show its european lenders greece is serious about getting its finances in order. parliament is expected to pass the drastic cuts today. >>> strong earnings from nike added to the day's optimism, while signs of strength in the housing market boosted home depot. >>> bank of america rose after it made a tentative agreement to settle $8.5 billion in claims against countrywide financial, the company it took over during the mortgage meltdown. >>> french finance minister christine lagarde has been named the first female head of the international monetary fund. >>> news corp is reportedly looking to unload the struggling social network myspace. meanwhile, google has launched its own social network googl

taking a look at overseas trading this morning, in tokyo, the nikkei shed 59 points, while in hong kong the hang seng lost 257. >>> a variety of factors made thursday on wall street a true roller coaster ride. quadruple witching which began yesterday and ends later this morning involves the monthly expiration of four types of future and stock options that led to high voltity swinging the s&p 500 more than 1% between its session low and high for the day. worried greek debt trouble could spread also weighed o on the markets. they looked for safety. the day's data was mixed. june's mid-atlantic factory activity unexpectedly shrank. another sign of manufacturing weakness. on the bright side, americans signing up for jobless benefits fell last week, and helping push two of the three majors higher by day's end, housing starts and building permits rose in may. home depot rose on that report, and an analyst upgrade. supermarket kroger jumped 4.5% after posting higher than expected profits. after the bell, research in motion plunged 15% after reporting a profit drop and revenue already in lower