the nikkei 220 down as well. it's down close to 8%, the clothing giant cutting its operating forecast, high cost and weak demand. investors know it's because of the expected fallout from the sales tax hike. mikio, how exposed is the japanese market? i don't know whether you have views about fast retailing in particular. >> well, i mean, i think the japanese stock market in general to start with a general picture, is basically the mirror image of what's been going on in china. so as china has been recovering quite strongly or bouncing back quite strongly in the more recent weeks, japan has been on the receiving end. but the bigger picture again, i think japan has turned the corner at least for potentially for a cycle that could last for a few years. i don't think in the very long term it's a good play. for this cycle it's a good play. it's consolidating now. that's actually -- the current levels are quite attractive as we've seen quite -- some of the optimism being taken out and also the fear of the economic or th

i seem to be launched into two types stokes combo tech shares in the storm didn't cut down the nikkei climbed one point seven percent. well come to this edition of his age on sa's to the news on two people engaging developing countries in east asia pacific region will see stable growth this year will advance as it is these asia pacific in long update released today that the region's e coli in the colony is posted by a recovery in developed countries and marcus morris response to the fence to be tapering so stop developing east asia will grow by seven point one percent is he a largely on change from two thousand thirteen the vocalists as as result is danger remains the post is growing region in the boat despite the slowdown from the average growth rate of eight percent from two thousand ninety pound fourteen in china where this will ease slightly to seven point six percent this year from seven point seven percent in two thousand sitting. excluding china the developing country in the region will grow by one percent slightly down from one point two percent last year. people's daily citiz

he thinks the lowest of the nikkei can go is around thirteen thousand five hundred to you and most of the boj policy you get mentioned how stupid i was very hard case and the bank of japan the next day i read these minutes of this policy board meeting in march. what are some of the key issues. march is when the boj get monetary policy and and its economic assessment and change. it also lowered its beauty its assessment on exports the board members agreed that this boy that was just temporary. due to sluggish exports in rich economies of the cold weather in the us but some also pointed out that there might be a strong role of change happening in japan for many companies are shifting their production bases overseas so they raise concerns that exports michael t t we the board members also said they're going to observe the impact of the sales tax hike but the grass generally sounded positive about the price for the price outlook and noted that the price gains are happening at a faster pace than what the boj is predicting that's why the board sought no need to spread this to most renowned

the yen driving up if you like the nikkei. rowtopics up five days in a -- topix up five days in a row. lending restrictions being loosened. japan relisting some financials. not sure what those are. up 20% right now. big gains for these two companies. that is really encouraging. is big gainer on the nikkei should say bank -- is shinsei bank. q no motors, mitsubishi and must forecast revenue as much as ¥2 billion. very encouraging as well. overall, these three, keep your eyes on these. dramatic gains. kong, new hong zealand is closed. >> let's check on the stories making headlines around the world. will look into whether the ship made a sharp turn before sinking. 64 people are now confirmed dead. 174 survived. about 240 are still missing. transcripts reveal the level of panic and chaos among the crew as the ships are deducing. parkpresident -- present describes actions is -- president park describes action this close murder. >> victims were shot at at a ukraine. in the russian foreign ministry blames ukrainian nationalists. pres

so putting it simply the nikkei was trapped between buying on the yen's weakness and selling of profit taking that's what the benchmarks and in virtually flat just down three points from friday and was the trading will probably remain subdued until investors year earnings announcements. not only from japanese companies but also from major us companies so the house i would talk about this morning's flight data which showed japan posted its fourth biggest deficit ever in march and i don't see what i'm saying about that bring on michael to summon earlier not very positive day of that there are economists however of the dough and some fairly optimistic and those who suffer a relatively cautious economists that s nbc nico securities says given that the world's major investor like the best economies are recovering and has us going to contribute to bigger exports. he doesn't think it has the trade deficit will continue to expand but there are also experts has done a bit more cautious. did she mean of me whose chief economist at the naughty and cheeky research institute which is the japanese t

of nikkei closed with a gain .66%.ff a deficit that was wider than anticipated by the economist we have been talking to. off pace and below the gain line of .4%. it for this monday edition of on the move. stay tuned for asia edge coming up next. is sam.t on the show there he is. he is a portfolio manager and that is him coming up. asia edge is coming up next. >>s...0,. -- sa>> wjat >> coming up this hour, we heard from steve engle. we're going to be live in beijing as the motor show opens its doors to the public. >> we have a 5-day rally. nikkei up two-thirds of 1%. 1.2%.pines up volumes are really quite flat. kong being shut down today. looking toernment loosen the

nikkei 225 is the rank underperformer, down by almost 142 points there. we are seeing resilience of the hang seng and the s&p/asx 200. the broad themes with quite surprising given the blowout numbers that we saw from apple, the excitement state side in the afterhours trading as well, after they announced the stock buyback and also the stock split. that similar story for facebook as well. it didn't really translate into gains in the apple component stocks. we didn't really see much of a halo effect out here in asia. a lot of the component stocks, a lot of the manufacturers that make the little gadgets that go inside your ipods and iphones and the ipads didn't really have big takeoff today on the taiwan markets and on china, singapore and japan where they are listed. the other story bringing japan down and the nikkei 225 was not great dealer progress over the tpp. we are down to the last mile with the transpacific partnership. it's all the last mile in my experience in these trade talks that always is the hardest one, despite the fact that president obama i

a stronger yen sent tokyo's nikkei average down to a three-week low. jakarta was closed due to parliamentary elections. in sydney the s&p asx 200 index climbing nearly 1%, finished at 5,463. that's the highest close that we've seen there in more than five years. retailers were boosted by merger and acquisition news from a major department store operator. and in hong kong the hang seng index also jumping to a closing high that -- the highest close since late january. it added more than 1% to tuesday's 1% gain. investors continue to pick up bargain stocks such as high technology firms, and also casino operators. meanwhile the nikkei gave up 2.1% to close at 14,299. its fourth straight trading day of losses. a firmer yen weighed on overall sentiment, pushing down shares across the board today. well computer users around the world have been using windows xp for more than a decade and now they face a choice. upgrade, or keep using the operating system without support services. a top engineer at microsoft is saying it's time to switch. >> translator: windows

the nikkei 225 last closed fractionally higher.es trading in chicago pointing to a lower open after u.s. stocks retreated on friday. now unchanged. the yen near a one-week high. this has been growing in china. are also reports the government is cracking down on foreign programs. has been looking at this. you cannot look at a lot of the programs in china because they are not online. >> these are coming from the apn and wall street journal saying china is taking a strict your stance on u.s. content ads. for a moment, they are reporting that the motive is unclear. that is not unusual for china. they do not provide that many details. have theyey -- >> did before? likes they have when it comes to sexual or lewd content. factse know from the being reported, the big game theory, this is not under the previous presidents that have been sent conspiracy theories or poor nose. these are family -- or pornos. these are family friendly. >> many people say the big thing kerry is actually a conspiracy theory for taking down the government. that is

tokyo led losses in the region, the nikkei ended down over 2%. a stronger yen was to blame here. weighing on blue chip export stocks which are index heavyweights in japan. >>> we are minutes away from the start of court in the oscar pistorius murder trial. >> he will be back on the witness stand for a fifth day now. >> yeah. pistorius arrived at the pretoria courthouse a short time ago. these are pictures from a little earlier. he's expected to face another grueling day of cross-examination from prosecutor gerry nel. we've seen that over the past two days. it has been relentless. he's been accused of being a liar, accused of being over emotional and pretending to not be able to remember questions he's been asked. has been relentless, the back and forth. we expect much more of the same today. >> we'll bring in our legal analyst, kelly phelps, outside the courthouse in pretoria. we saw yesterday as nel was again aggressive, he was able to get pistorius to admit that he had no reason to shoot into the dark in the bathroom. what else was accomplished yesterday? >> reporter: that admi

the nikkei edged down to 15,063. this was due in part to profit taking. but the index managed to advance for a second week in a row. first time that's happened this year, in fact. hong kong's hang seng index fell a quarter percent to 22,510. investors were cautious ahead of a week-long -- long weekend, i should say, in mainland markets. also profit taking was evident there following a more than 3% rise in the index over the previous five sessions. and jakarta, the main index there closing out the day lower by 0.7%. 4,857. the index did face a bit of selling pressure after it closed at a 10-month high on thursday. market players thought that indonesian shares are becoming a bit overvalued, as the index has risen 14% since the start of the year. >>> china announced this week economic policies to spur growth. the government has acted for the first time this year, and the move follows a series of data that point to weak economic activity. leaders have come up with three core measures. more investment for one into railroads. more support for redeveloping rundo

now the nikkei average giving up about 2.4% there, the 13,960. that's the lowest close that we've seen in six months. the yen's continued strength dampened overall sentiment. the operator of the eunuch low chain fast retailing chain plunged after cutting its profit forecast. the shanghai composite also with losses today. it was down just about 0.2%, 2130. market players took profits following a strong run-up over the last four trading days. also investors were somewhat less hopeful that beijing may provide further stimulus measures. and in taiwan, the taiex index losing almost half a percent, 8,908. that was a pullback from a 2014 high recorded on the previous day. high tech shares took a beating tracking the negative performance of the sector in the united states. >>> japanese consumers are tightening their purse strings. they're spending less now on tvs and other digital goods, ever since that consumption tax went up from 5% to 8% on april 1st. analysts at a private research firm bcn surveyed 22 bulk home appliance retailers nationwide. they ad

tok tokyo's nikkei slipped to this year's low for a second straight session. sydney's main index posted the biggest drop it's seen in a month. the nikkei average was down about 0.4% there at 1 3,930 was our closing figure. a six-month low. trading lacked clear direction and thin volume. bargain buying was not enough to offset the selling that the market saw. in sydney the s&p asx 200 also lower by 1.3%, 5,358. that's the lowest close there in two weeks. major beverage maker coca-cola amatill closed lower. the shanghai composite saw gains and finished up just a touch there 3,131 at the close. that does whoever near its highest level in seven weeks. investors pretty cautious ahead of the release of key chinese economic data. and this does include gdp figures which are due out on wednesday. >>> the people at japan's industry ministry are trying to promote health among workers. they want to control ballooning costs for health care. medical expenditures are growing by about $10 billion a year. the latest figures show annual spending topped $370 billion. ministry of

tokyo's nikkei fell for a third straight session. the nikkei average, in fact, was down nearly 1.4%, 14,606. the lowest close that we've seen here in about two weeks. a stronger yen pulled export linked issues lower. investors largely striking off the news from the bank of japan on its policy decision. >>> japanese and u.s. negotiators are trying to speed up talks on a new trade deal but they're still struggling to narrow their differences over talks on the transpacific partnership pact. for more on the prospects for the talks i spoke earlier with matthew goodman, senior adviser for asian economics at center for strategic and international studies. and he also served as white house economic adviser under the obama administration. these talks have hit some snags. we do have u.s. trade representative michael froman scheduled to meet the economic revitalization minister akira amari on wednesday. how much progress do you think we can expect from these ministerial level talks? >> well, i think the talks are going to be very difficult and

so some stock specific factors helping the nikkei, as well.r on the greater china markets, fairley subdued. in positive territory for the shanghai comp and the hang seng. its really the property counters that led both of these markets higher, especially on the hang seng. the subindex for the property sector was at its highest point sips mid-december. that was largely on a report in the state media suggesting that the home ownership restrictions may be relaxed in some cities. so the property developers having a reasonably good day. broadly, the tone is quite cautious. there's still a lot of risk event in the system that we need to get out of this week and digested by the markets. the ecb where you are is one of them, ross, of course and then the big mother of them all, of course, is the nonfarm payrolls at the end of the week. so these markets treading aushusually just ahead of those two key themes. back to you now. >> yes. we will over the globe. sri, thanks for that. have a good evening in singapore. now, sri a while as, it was said that the

well instead of tokyo where stocks are finally in between walking week last week which saw the nikkei average mark its biggest weekly loss in twenty eleven to get its money market sentiment open to daddy stayed pretty friend tell me the much needed directions a few times before closing session to overthrow point four percent to thirteen thousand nine hundred and ten points. this is the fashion though in six months. there was the bargain by large caps after last week's sides and cut losses to date technology and industrial stocks were mixed together can stop the shot humble reports from stratford new share issue and not propose a look at today's market action tell you which will live to your geek on. it was one of the standing by with auntie's house don't be taken away well willy was a choppy day of trade with the nikkei average and moving in emirates was hopping around thirteen thousand nine hundred and thirteen thousandnine hundred and ten it misses were rusting on the sidelines because they're worried about the future of the assaults of the fact that police were up to the second low

we'll focus on the nikkei, down 1.5%. yen strength feeding into that in particular, the tech stocks, too. two-week low. 14,606. the nasdaq posting the biggest three-day losses of a drop since november of 2011. a bit of a bounce here that we're seeing across these indices. we're around 33.5 for the dow, the s&p 500 by around 3 points and 7. we have a few hours until the open of those markets. in a reversal on its more bullish takes on u.s. stocks, dennis gartman told cnbc he's getting out of equities and sticking with cash and gold. he said unusual market trading last week scared him into action. >> something happened between 11:00 and 11:15 turned on a dime. i haven't seen anything quite like that in that short a period of time. in a bull market there are three positions you can have, really long, pleasantly long and neutral. it's still a bull market. it's time to be neutral. you don't need to be short but you don't need to be long. i think cash is the right place to be. >> dennis gartman there, saying cash is the place t

i think the market -- the nikkei is telling us, that's it.ng for boj accommodation and 24 ash 2013. rally. we are not going to get any more. >> tim condon, stay rate they are. ing head of research in asia. we want to rejoin you after the break. there is a lot more to talk about. the boj policy decision, and of course, india's election and indonesia's rate decision out tomorrow. what can we expect from tomorrow's policy decision? all the rest and forex headlines are coming up after this short break. then we will get back to tim condon. ♪ >> i'm david inglis in hong kong. it is monday, april seventh. these are your forex headlines. the boj begins their regular two-day policy meeting this monday. most economists see the boj governor kuroda holding off from announcing on any new policy stimulus tomorrow, but keep in mind that growing numbers see the boj doubling etf purchases with july is the most favorite time for this move. rout in emerging markets is becoming a little more than a fading memory. the bloomberg index of 20 developing nation curre

there was negativity, especially coming out of the nikkei 225. i suspect that are related to the fact we are getting into the full stride of earnings season in corporate japan in the coming weeks. there is a degree of caution in the markets. these earnings will be, once again, a big test to whether arboonomics is succeeding there. shanghai composite, worth looking at this one as well. in the last hour or so, we did hear from the chinese authorities in beijing has said they will cut the triple r effective on april 25th. this is this friday incrementally. this cut will be apply to some of the rural banks. what this means in practice is that these banks have less incentive to park funds at the central bank, the pboc. that forced them, to a degree, to deploy that cash and lend into the real economy. this is stimulative. this is once again, a prudent macro economic management is the way that beijing would like to describe it. it's incremental, gradual. they've gone to great pains to explain this isn't necessarily a prelude to broader monetary policy e

let's look at what is open and that is japan's nikkei to 25 and south korea's kospi.n right now. we are seeing a little bit of a mixed market. the nikkei 22 five is climbing somewhat despite the trade with 225 is climbing somewhat despite the trade deficit. my next guest still prefers heeloped equities although says that emerging markets are starting to look more attractive. steve, good to see you this easter monday morning. of course, the bunny rabbit basketg in semi-mixed for japan's economy. let's talk about the latest trade data. what to tell you -- what does it tell you. ? >> it shows there is domestic demand in japan. we would expect exports to pick up as we go through later in the year as the u.s. economy accelerates at of those europe. it'sverall, expect consistent with the authorities attempts to keep the yen week and probably push it weaker through the rest of this year. >> what do you think of boj monetary policy perhaps the second monthalf of this year? do you think it will offset any perceived slowdown in the sales tax? >> are scenarios that authorities c

>> we are seeing a modest gain in tokyo's nikkei 225.oks like this among the key movers we are watching out for. automakers have done particularly well. gains for automakers and will producers, really leading the way. suzuki up 4%. toyota near the top of that list. sharpe, a 7% drop for the stock. it has been down for the past few days. if you look at the trading sharp ¥275, reports that the company may do a capital raising. that is leading to selling pressure. of course, capital raising would be diluted to existing shareholders and sharp. that is why we do see selling. >> thank you for that. it has been six months since short seller carson block set his sights on a new chinese target, nq mobile. seeminges kept rising, to pollute -- to prove carson block wrong. things have just turned into his favor. rosalynn chime is here to explain the details of this. shares dropped 21% on friday, which is exactly what a short seller wants. that -- >> nobody else wants it. >> it depends on where you are standing. that was based on the results coming o

and the nikkei off the lows of the session.nk that index is at a two week low. >> stocks in japan are pulling things lower. shy of 14,300. look at the picture in japan. that's how it looks for the session. we are looking at yields on the 10 year. 61.9 to be exact. a few stocks we have been following, in terms of capital, structure, some changes as far as organizational structure is concerned. in april,g, starting that's the story with olympus. the story has been about share buybacks. they announced share buybacks friday and we are continuing to see gains. japan display. .t dropped to the lowest 13 and a half percent. let's switch gears and take a look at what is happening in australia. mining shares worth 1300. if you look at what is rising, it's sharp gold seeing fairly gains. fairly sharp gains because of this. >> thanks for that. stocks in vietnam have reached multi-year highs. the ipo market is in a slump. let's get the story from our bureau chief. why have they fallen so short? >> the numbers are pretty sharp. they have on

strong correlation between the currency market and equities for the nikkei 225. 126-point gain there. we are seeing some resilience. we have some fairley dismal factory output numbers, as well, as well as a fairley down beat tankan. taking that in stride and looking for further in the yen this year. heading into the ecb and your neck of the woods and heading into nonfarm payroll. >> thank you for that, sri. let's recap the composite pmis that we now have out in the eurozone. 53.1 or 52.3 in february. the german number a little weaker than the flash number. nevertheless, market says this is pointing to growth of 0.5% in the first quarter. but here is the key, bearing in mind it's the ecb meeting today. the busiest quarter in three years for eurozone businesses. but they've done it by slashing prices. survey showing -- this is what we're seeing at the moment and that underscores bits there there is a risk of deinflation. we're in disinflation at the moment and that is a concern, of course, that the imf is expecting today. we're going to have more on that as we go through the show. right

where we have seen action, the nikkei up 3% this morning.e have seen the yen weaker and there may be hopes of more stimulus at some point coming down the road from the bank of japan. nothing at the moment. there is this hope that something is going to happen as they deal at the moment with the sales tax hike. u.s. futures meanwhile post what's happened in china and gdp and, of course, because of the earnings we've had, intel up 3% after hours, yahoo! up 1.4%. which means the nasdaq is called higher as you can see. currently up around 30 points above fair value. we'll get to the intraday in a second. the s&p 500 currently around 11, 12 points above fair value and the dow at the moment, up nearly 100 points above fair value, after gains of yesterday being up 90 points. the nasdaq intraday -- composite, this is during the session yesterday. pretty volatile. the last time the nasdaq composite was down as much as 1.9% at the session lows as it was here, but then managed to close positive on the day was back on april 1st in 2009. more earnings com

tokyo's nikkei lost 1%. hong kong's hang seng fell a half percent.stors will be looking at earnings reports due this week from bellwethers exxonmobil, chevron, and conocophillips to help the major indices recover from friday's big selloff on wall street. for the week the dow lost 47 points. the nasdaq was off 19 points. >>> six years after the great recession, it suggests it's created more low wage jobs and better paid ones. the national employment law project says lower wage jobs constituted 22% of the recession losses but 44% of the recovery growth. today there are almost 2 million fewer mid-and higher-wage industries than there were before the recession. >>> the new pentagon policy could mean millions of sneakers to military crews by new balance. the massachusetts-based shoe manufacturer lobbied for the change to supply u.s. made footwear directly to the military rather than have the military give recruits stipends to buy shoes. >>> and "the other woman" was number one at the weekend box office. the revenge comedy stars cameron diaz, leslie mann,

tokyo's nikkei gained a half percent. investors will focus on first quarter earnings reports this morning from coca-cola and johnson & johnson. the dow gained 46 points, nasdaq finished 23 points higher. more americans are becoming victims of identity theft. 18% of adults online say they have had information like credit card, banking or social security numbers stolen. it's up 11% from 2013. >>> the master mind of the government corruption scheme in bell, california is headed to prison. robert rizzo was sentenced by a federal judge to 33 months in prison for income tax evasion. he faces sentencing wednesday for cheating the small los angeles suburb out of millions of dollars. and some passover celebrations last night went without the traditional white fish. the shortage of the fish in the great lakes region resulted from the winter's deep freeze. in chicago and detroit, some jews had to substitute other fish for the key ingredient. >> jill wagner at the new york stock change. thanks a lot. >>> still to come, man versus nat

nikkei average climbed .8%, finishing out 15,071, putting it above the 15,000 level since march 15th. other major forces in the asia pacific region did run into a bit of profit taking after a recent winning streak. beijing's announcement on stimulus measures wasn't enough to maintain the positive momentum across the region. the shanghai deposit god an additional boost, cutting taxes for smaller businesses, but the index did finish the day down .75%, 2,043 following two straight days of advances. traders on the tokyo stock exchange have pushed trading volumes to a record high. they were spurred along by the bank of japan's stimulus efforts. they say traders exchanged more than 780 billion domestic shares on the first section of the market. they drove the volume up 32% over a year earlier to its highest point since the exchange opened in 1949. trading value added up to more than $6 trillion. that was up 80% in yen terms. analysts say the tse's merger in july with the osaka securities exchange increased the number of issues that changed hands. >>> drivers in japan are facing their highes

tokyo's nikkei gained 3%. hong kong's hang seng added a fraction.estors will be paying attention today to intel shares. after the closing bell, the company beat analysts' expectations despite lower earnings. the dow gained 89 points on tuesday. the nasdaq added 11. >>> soda sales were flat for coca-cola in the first quarter. the world's biggest bev ralk maker reported that the soda sold globally fell for the first time in 15 years, but it was offset by strong sales of noncarbonated drinks including minute maid, power aid, and pa zani water. >>> and kill switches will be coming to smartphones next year. they say the nation's biggest smartphone makers and carriers will install tools on device is. they will allow the phone to disable the device remotely if it gets stolen. smartphone providers agree to install the free tool on smartphones sold in the u.s. after july 2015. anne-marie? >> well, hope flit it will make a difference. jill wagner at the new york stock exchange. >>> still to come, t-rex trek. a fossil's journey 66 million years in the making.

the nikkei fell 2%, and hong kong half a percent. >>> and two are in trouble for the mishandling of the defect. in addition to the ignition switch, the recalled cars have another problem. drivers can remove the keys while the engine is still running. so dealers will place the ignition lock cylinders. >>> walmart plans to make organic more affordable. the world's largest retailer will offer a new in house line of organic food that's 25% less ucks and google is throwing in free frames or sunglasses for first time customers. >> 1500 bucks, i think i'm going to wait until they go on sale. too rich for my blood. jill wagner at new york stock exchange. thanks a lot, jill. >>> coming up, a political dodge. hillary clinton narrowly misses getting hit by a shoe. we'll see who was behind the incident. this is the cbs morning news. frequent heartburn? the choice is yours. chalky. not chalky. temporary. 24 hour. lots of tablets. one pill. you decide. prevacid. ♪ 24 hour air fresheners like febreze aren't approved to kill the germs that cause the odors. lysol disinfectant spray does more. it kills g

tokyo's nikkei lost half a percent after hitting its lowest points in six months in mid trading.kong's hang seng gained a fraction. here on wall street the report begins with earnings from citigroup. last week the dow fell 385 points, and the nasdaq dropped 127 points. >>> if you're racing to finish your taxes, there's some good news from the irs. your chance of getting audited is lower than it's been in years. budget cuts and new responsibilities mean that fewer agents will be auditing returns, so audits will be even lower than last year's rate of less than 1%. >>> beef prices are at their highest level in more than 25 years. the average retail cost of fresh beef reached $5.28 a pound in february. a combination of factors pushed prices up including drought, smaller herds, and growing export demand. prices are expected to stay high for a couple of years. >>> and for those with a bigger bottom line, allegiant air has rolled out a new seat dubbed the giant seat. they offer more than 36 inches of leg room and a width of 25 inches. that compares to a typical 17.5-inch width on their

tokyo's nikkei lost 1%. hong kong's hang seng gained a fraction.es sent stocks tumbling. snapping a six-day winning streak, the dow slid 12 points. the nasdaq erase 34d points. >>> apple surprised the street yesterday. the tech giant announce add big stock flick, the first in nine years. they sold more i phones last year than analysts expect and that sent stocks soaring, jumping 8% in after hours trading. >> and the fcc may reverse course on so-called net neutrality. the agency will propose new rules that will allow broad band companies to charge. it will end up hurting small companies and consumers. the fcc will vote on the new rules on may 15th. anne-marie? >> jill wagner at the new york stock exchange. thanks a lot, jill. >>> straight ahead, your thursday morning weather, and reaction to georgia's controversial new gun law that allows people to carry firearms in more places. the united states postal service will get it there on time with priority mail flat rate shipping. our priority has always been saving the day. because our priority... amazin

the nikkei 225, below 14,000 and down by about 50 points. you were talking about the data today, that's going to be absolutely critical on wednesday because that's when we get first quarter gdp from china and also investment in industrial production and retail sales. the big question is whether it will be consistent with weaker gdp, possibly weaker below that 7.5% target that beijing has been trying to keep growth with. if it is consistent with weaker economic activity, than has that already been priced in to the greater china market or does that mean we're going to see another second wave of selling, especially on the greater china markets? the hang seng and the shanghai if not the broader regional indices. wednesday will be a critical day, ross. back to you. >> it certainly will be. sri, catch you later. for now, thank you. other things we are looking at, citigroup reporting first quarter results at 8:00 a.m. eastern. it is forecasting a $1.81 a share. the fed rejected its capital plan and investors will also listen for comments on legal c

the nikkei average gaining 0.7% to 14,516. that recovers a level that we haven't seen since april 8th. still many stayed on the sidelines today before bellwether companies are set to release earnings starting next week. the shanghai composite with a slight decline there, 2,097. shares of real estate firms came under pressure after data showed that the average increase in home prices for china's 70 cities slowed in march from a year earlier. and in taiwan the thai index finishing at 8,966. major chipmaker tsmc jumped after the firm posted better than expected profit for the first quarter. during the trading session the taiex broke above the key 9,000 level. first time that's happened in nearly three years. south korean officials have been pretty busy negotiating free trade agreements with many countries. they signed their first deal ten years ago with chile. since then they've inked agreements with 50 countries, and they're working on deals with six more. now we asked a professor at catholic university in seoul why south korea'

chuck coppola joins us now for a look at the recent volatility in the nikkei. good morning chuck! angie, the nee-kay has hit a 2 week low after japan's central bank decided not to inject additional stimulus into the economy. the i-m-f is now pressuring japanese prime minister shinzo abe (ab-eh) to do more to execute his economic reform plan known as "abe- nomics". despite whispers of doubt, tom elliott, an investment strategist with deveere group, sees opportunity. abenomics is a huge stimulus quantitatve easing and supply side reforms to the economy. so my gut feel is to take a long position, but this is for the investor who can withstand what will continue to be high levels of near term volatility." elliott see growth opportunities for investors in stocks related to japan's domestic consumption such as hotels, food distribution and retail. the u.s. is leading the global economic recovery.. but treasury secretary jack lew tells cnbc.. there's a lot of work to do". lew says the economy has been growing since the bailouts and reforms on wall street. but improvements are still neede

here in tokyo the nikkei did end flat today. 14,417 at the close. the previous day's 3% gain prompted some traders to take profits. meanwhile cannon was among the top performers. this was on reports the firm will release strong earnings. the hang seng index a gain of .3%. 22,760. some traders anticipating beijing may support the domestic economy. that's after the state council reportedly said it will e are deuce the amount of cash that rural banks have to keep at the central bank. many think this move is unlikely to spread to major banks. china's shanghai composite could not maintain i wants earlier vast index. closed lower, .3%. 2,098. >>> jap neesz consumer sentiment dropped in march for a fourth straight month. the country's cabinet office says that's due to concerns about the impact of a higher consumption tax. the cabinet office released the results of its monthly survey. the consumer confidence index was 37.5. that's down one point from the previous month. the researchers asked 8,400 households about their spending outlook for the next six mon

here in tokyo the nikkei average climbed more than 1%. it finished at 14,946. that makes for the highest close that we've seen in three weeks here. some investors are hopeful that the boj will provide further monetary stimulus, as the survey showed, japan's inflation figure is not likely to reach the bank's target. >>> the shanghai composite advancing, as well, more than half a percent, 2,058 at the close. that does extend gains from tuesday. investors snapped up shares of property developers on speculation that several chinese cities may relax limits on home ownership. and in seoul the kospi with gains of a quarter percent finished out at 1,997. level not seen there in three months. stock buying by foreign investors reached the highest daily value since late october. >>> the head of general motors says she can't say why it took years for her company to announce a safety defect but mary barra says she and her staff will find out. gm officials have blamed a fault in ignition switches for the deaths of at least 13 people. >> today's gm will do the right thing. th

the nikkei average ended flat, though, at 14,300. reversing earlier gains. a firmer yen weighed on overall sentiment. automakers were hit pretty hard. meanwhile, nonferrous metals were in demand following up beat earnings by a u.s. aluminum giant. in jakarta the main index closed lower by more than 3%. 4,756. investors wary of possible uncertainties in the country's politics due to the expected outcome of the parliamentary elections on wednesday. >>> china exports fell last month for the second month in a row. that's raising concerns about the future of the world's second largest economy. officials at china's customs agency announced that exports in march were about $170 billion. that's down more than 6.5% from a year earlier. and it was worse than what analysts were expecting. imports totalled just over $160 billion. that was down about 11%. also below market forecasts. it's the first time imports have fallen year on year since last june. analysts worn that if chinese exports remain weak it could hinder efforts to achieve stable growth zblmpblts consumers i

nikkei 225 seems comfortable with the level chance 14,500. it seems to be comfortable with the dollar/yen. back to china quickly, these are the flash hsbc pmi estimates we got for the month of april. next week willing critical. we get the official number. we'll be looking for confirm agency as to whether we continue to see this self-induced slowdown or whether it is more material or whether it's more significant than that. and whether those pundits who are warning of the hard landing are vindicated. let's set that aside for now, very quickly talking about the s&p/asx 200. this was somewhat of a surprise. it undershot expectations. the market was looking for quite a hot figure. we got one that's significantly underwhelmed. price pressure seemed to be, relatively speaking, under control in q1. the the aussie dollar got absolutely hammered. we saw a drop, a quite precipitous one in fact, of 1% against the green back which took the aussie well below 93. that was a driver on the broader mark he as well, what the currency was doing. that's how we s

here in tokyo the nikkei average edged down just a touch at 14,512. trading was pretty slow. many participants were looking out for earnings results to be released by major japanese corporations later on in the week. in the philippines the key index there was a nice gain today of just under 1.5%. 6,767. that's a level that we haven't seen since late july. foreign investors picked up shares of blue chip firms like telecom giant and shopping mall developers. >>> well japan's april 1st consumption tax hike drove up domestic production of crude steel. new figures show output in the last fiscal year hit its highest point since 2009. japan iron and steel federation says domestic steelmakers pumped out a total of 111.5 million tons in fiscal 2013 that just ended in march. that's up 3.9% from the previous year and the second straight annual rise. demand was driven by construction, and auto companies. sales of condominiums and cars rose ahead of the tax hike. reconstruction projects in the disaster hit northeast. also, pushed up demand. officials with the federation say despite the ta

tokyo's nikkei was unchanged. hong kong's hang seng added a fraction.ll street today is the final day of trading for the week because the markets close tomorrow for good friday. the dow rose 162 points on wednesday. the nasdaq gained 52 points. >>> shares of google fell in after-hours trading. google reported quarterly earnings that fell short of analysts' expectations on wednesday. with the accelerating shift to sma smartphones and tablets, sales fell again because of weaker pricing for smaller screens on mobile devices. >>> yahoo! fire d henrique decastro with a huge severance package. decastro walked away with a package worth $58 million. that was more than double what yahoo!'s was paid. they require a four-year college degree. the president toured a training classroom on wednesday. he said that if you're willing to do the work, america should give you every opportunity to move upward in your career. he spoke to cbs chief white house correspondent major garrett about the importance of job skills training. >> what you end up seeing is not only folks g

and now at the nominees are keen to strengthen ties with both the us and japan nikkei was up he can reach the higher reports. the eye. in the they've been curious cause garden was created in sixteen years and own country to content time and increasing my activity the false is in charge of security in this town tennessee. nhk is the highest for a media outcry. granted permission to come by taking action the term smart and twenty cents and two hundred to meet as a post trying facing this house china sea eighties and low contact with china and all but the joy of trying to stand up and in that song. in between the defendants in the one to me and the economy is necessary. we can see so many problems to the human chinese feast of all it's how being increasingly at the same in the south china sea. if a country's second and even sees economics test if the value looks up from a chinese ship is opened fire on us. one of the cabins was to end up being the one thing putting the day. it means is that bedtime is called scotch mentorship. is that this dish apple pie chart and a scratchy as a witch and c

tokyo's nikkei was unchanged. hang seng added 1.5%. >>> president obama criticized the republicans for blocking a senate bill that would have required women to be paid the same as men for comparable work. the senate rejected the democratically sponsored bill on a 53-44 vote wednesday. republicans dismissed the measure as a political ploy by democrats to attract women voters in the november elections. >>> bank of america will pay $772 million in fines and refunds for overselling credit card extras. federal regulators said the bank misled customers about the cost and benefit of its credit card protection products. bank of america neither admitted nor denied the allegations. >> a new survey disputes the popular belief that filling out a federal tax return is hard to do. 58% of those surveyed in the "associated press" and gfk poll said completing a federal tax return is easy and just 7% said they were willing to pay more in federal taxes to make tax filing easier. >>> and a popular spicy hot sauce is generating a lot

the nikkei finished at 14,429. for the week, though, it did post a loss. >>> meanwhile many other asian indexes also closed lower this friday. investors reduced their share holdings ahead of the weekend. also they couldn't really find any positive cues to push the indexes higher. taiwan's index lost nearly 2% to finish at 8774. it was the third consecutive day of declines there. the index reached its highest level in two years and ten months on tuesday. investors were a bit jittery about heated debates among policymakers concerning the future of nuclear energy. hong kong's hang sang index declined finishing at 22, 223. investors still not convinced about the health of the banking sector in mainland china despite some major state banks releasing higher than expected profits. >>> investors have worried for years that property market in china is a bubble. that's about to pop. they credit home prices and the pace of construction. the latest economic data shows the market is, indeed, losing steam. government researchers

. >>> and here in tokyo the nikkei average finished higher just a tenth of a percent, 14,304. tokyo stocks opened higher but the boj decision to maintain its current monetary policy did slow the momentum a bit. >>> now, one sign that japan's economy might be improving is a rise in march in industrial output. it's the first increase in two months. this news mainly comes off the back of a recovery in auto production. officials at the economy ministry thought they'd see a big turnaround from february when industrialout put dropped by more than 2%. in march, though, factories churned out 0.3% more. one big factor in the increase is a jump in auto production. heavy snow in february made it difficult for auto workers to get parts, but production was up again in march. the officials also said companies are manufacturing more thermal power generators and solar panels. they expect the tax hike will cause output to fall this month by 1.4%, then increase by 0.1% in may, as the situation stabilizes. >>> and japan's housing starts in march posted the first decline in 19 months. this reflec

tokyo's nikkei added 1%. >>> here on wall street we'll get earnings reports today from boeing, delta,cter & gamble. on tuesday solid earnings reports sent the stock market soaring with its sixth straight gain. the dow gained 65 points while the nasdaq jumped almost 30. >>> the supreme court heard arguments yesterday that could affect internet television. the major networks including cbs say a small company aereo is breaking laws by offering free tv shows. some justices seemed concerned their ruling could strangle internet innovations. their decision is expected by the end of the june. >>> the job market for college grads has gotten better but only slightly. the labor department says the unemployment rate for 2013 college graduates just under 11%. that is down from 13% in 2012. but it is still higher than the 9.6% rate for all americans ages 20 to 29. >>> could e-cigarettes go up in smoke? the fda is expected to propose tough rules for the fast growing market as early as this month. public health groups are calling for the fda to regulate electronic cigarettes just like regular cigaret

tokyo's nikkei added a fraction. hong kong's hang seng lost more than 1%.eet all eyes will be on the federal reserve. it wraps up a two-day meeting today and is expected to dial back a massive bond buying program by another $10 billion. yesterday the dow gained 86 points and the nasdaq added another 29 points. >>> target wants to make sure their customers' personal information is never hacked again. next year the giant retailer will issue mastercard credit cards with chip and pin technology. it's considered much more secure than magnetic strip cards. target also updated their cash registers. that should be done by september. >>> and taco bell is coming clean about its so-called mystery meet. they say 88% is pure ground beef. on their website they break down the other 12%. some of the ingredients are simple like oats or cocoa powder while others are seriously hard to pronounce, but taco bell swears they're all safe and approved by the fda. anne-marie? >> it tastes good, especially at 3:00 in the morning. jill wagner at the new york stock exchange. thanks a l

here in tokyo the nikkei average declined nearly 0.9% to 14,388. that reversed earlier gains, investors were focusing on corporate earnings from large firms, and that will get in to full swing later on this week. justices on the u.s. supreme court are weighing in now on a long fight between the argentinean government, and investors that it failed to pay. in 2001, argentina defaulted on its debt. it's been in a legal battle with bond holders ever since. lawyers for u.s. hedge funds won decisions from lower courts that compelled argentina to pay back $1.4 billion. and they want the government to reveal its assets around the world so investors can collect. the argentineans refused and took the case to the supreme court. they say u.s. courts cannot force foreign governments to disclose assets they hold abroad. right now the justices are only hearing arguments on the disclosure issue, not the broader argument over the debt. >>> the people at the japan tourism agency are doing their part to drum up business. they're trying to sell organizers of internati

here in tokyo the nikkei average gained 0.6%, finished off the day 13,996. some market players were out there looking for bargains after the index had fallen for two consecutive sessions. trading volume pretty thin, though, today. >>> china's shanghai composite with declines down 1.4%, 2,101. banking shares took a hit after data showed that the chinese money supply in march grew at its slowest pace in more than a decade. >>> a senior japanese trade official is on his way to washington now. he's taking part in a working-level meeting to forge ahead with the transpacific partnership free trade agreement. the deputy chief negotiator for the tpp left tokyo to meet acting u.s. trade representative wendy cutler. >> translator: there are many issues we have to discuss. and i don't think we can easily wrap up our talks. we want to narrow our gaps, and hope the u.s. will take a more flexible stance. >> negotiators from japan and the u.s. met last week, but failed to find common ground over the issue of tariff reductions on five agricultural products. these do include

the nikkei, in fact, gave up 1.7%. it finished out the day at 14,808. the yen's advance hurt overall sentiment. major tech shares like panasonic face pretty strong selling. and in hong kong the hang seng index shedding 0.6%, 22,377. market heavy wet tenset holdings posted a sharp loss. the drop in the chinese internet giant dragged down the index. meanwhile jakarta is higher today ahead of the country's general election on wednesday. the benchmark has closed up 1.3%, 4,921. now investors put their money back in to the indonesian market on hopes that a change in the country's political landscape will help to stimulate the economy. >>> japanese and u.s. trade negotiators are trying to iron out some of their differences. they've been struggling to reach a deal in the talks on the transpacific partnership but they have to bridge gaps on farm products. deputy chief negotiator and acting deputy u.s. trade representative wendy cutler are meeting in tokyo. they're trying to resolve differences over tariffs for beef and park. the americans are insisting that the

. >>> tokyo's nikkei gained only a fraction. hong kong's hang seng lost 1.5%. the street solid earnings fell to impress investors. unless the dow is mixed, the dow is unchanged while the nasdaq added 21 points. >>> all those recalls wiped out gm's profits. they fell 86% in the first quarter. that's its worst financial results in four years. the auto giant spent $1.3 billion to cover all the recall expenses, but gm still beat the street. shares jumped 29 cents, far above wall street's estimates of 3 cents a share. >>> four top tech companies have settled a class-action lawsuit. it alleged that they conspired to prevent their engineers from getting better job offers. terms against google, apple, intel, and adobe systems haven't been leased, but if they had lost, it could have cost them as much as $9 billion. >>> netflix is about to become real tv. starting next week, the streaming video service will have its own channel on three small cable companies providing subscribers have tivo. netflix already has cable wheels in europe, but this is the first time it's been