. >> i'm ross westgate in europe. it's all on the hand for hand setmakers. nikkei ya may contract 10%. >> and i'm scott wapner. cit may be on the brink of bankruptcy as talks between the government and the century old bank break down. >> hello and welcome to cnbc's "worldwide exchange." global equities had a good day yesterday. as we go through today, the ftse cnbc 300 is up two points. the ftse 100 off 0.2%, along with the xetra dax and the cac 40. smi is up 0.2%. we had numbers out from novartis today. oil and banks are off after a few days of rises. the ftse was off 2% yesterday. we're just seeing -- well, i couldn't call it profit taking. jm morgan amongst them, of course. on the currency markets, the yen earlier on during the asian session rose fairly broadly. again, seems to be some sort of profit being taken. so dollar/yen back down to below 94. euro/dollar, just back below 1.41 and sterling/dollar, back below 1.64. but we were at 1.61 at the beginning of the week. christine, always a pleasure. >> here in asia, stocks rising for the third straight ses

>>> i'm ross westgate. on today's "worldwide exchange," european stocks are firmer with super earnings with the names of shell, bff all weighing in. >> i'm bertha coombs here in the u.s. we've got a slew of earnings, as well. exxon along with disney after the close. >> and i'm christine tan. we're looking at shanghai stocks finishing higher 1.7% after china central bank reaffirmed its loose monetary policy. >>> hello and welcome to today's "worldwide exchange." it's a big earnings day in europe today. the ftse cnbc global 300 right now as we stand, we'll show you exactly where we're at. european stock markets are up a little bit. ftse 100 is up 0.5%. cac 40 up 0.5%. the smi is fairly flat. we just had german jobless figures out, as well. german unemployment down by 6,000 on the month and adjusted terms in july, it would've risen by 30,000 were it not for one off effects. this is according to the source. the mid range forecast was to rise at 45,000 on the month. the headline, unadjusted employment rose by 52

. >> i'm ross westgate. in europe, they said they wouldn't, but they did. the g-8 debates the currency question. >>> and i'm scott wapner in the u.s. after 40 days .40 nights, the new general motors will emerge as a leaner company, but under the government's thumb. >>> hello and welcome to cnbc's "worldwide exchange." we'll kick off with where we are in the global equities session right now. the ftse cnbc global 300 is down 11 points. that's a little better than we are in some of the markets in europe right now. we had some slim gains yesterday, but those are being erased at the moment. construction insurance, also oil and gas, health care are all weaker. oil prices are nudging down again today. that's where the weakness is coming through and because the stock market is down slightly. we have the yen that inched up a little bit, hovering below the week's peaks. investors are still as the bulk of the u.s. earnings season will be getting under way. a look at the currency markets? dollar/yen, 92.71. euro/dollar is on the low 1.39. sterling/dollar, 1.6272. euro

. >> i'm ross westgate in europe. swedish truckmaker volvo warnings of slumping demand after a quarterly loss. >> and i'm bertha coombs. ben bernanke outlines a fed plan today for the policy of quantitative easing. >> right. we're just getting data out on public finances in the uk. i can tell you that june public sector net borrowing $13 billion pounds. that's up 7.5 billion from a year ago. it was expected to be a little bit worse at 16 billion. public sector debt versus gdp, 56.6%, the highest on record. the public sector net borrowing is the highest june figure on record, as well, and the government tax revenue, the annual decline is the lowest since october 2008. joining us, sterling/dollar, what is still on the downside at the moment, heading down 1.6433. sarah hewin, senior economist jones us now from standard chartered. sarah, it wasn't quite as bad a figure as we expected. how much, how big a figure could we be so he in total borrowing by the end of the year? some are talking about 190 billion. >> i think it's

. >> and i'm ross westgate. bexley is getting a boost from intel's report while rivals -- hello and welcome to cnbc's "worldwide exchange." global equities are looking up. the ftse cnbc global 300 is up 26 points today. we were firmer, of course, yesterday and right now, as you look into the european markets which are an hour into the session, you can see the ftse 100 up nearly 1%. xetra dax up 1.3%. cac 401% up and smi .8% up. technologies are firmer. resources, insurance, financial services may be what is being particularly focused on with thain tell report. we'll talk about it. they had an improvement in margins and they're talking about revenues improving in the third quarter and that's the top line growth that we're interested in. on the currency markets, the yen is weaker across the board.d. not much against the dollar. 93.47. the euro has top out over 1.40 against the greenback. sterling is at 1.63. we were at 1.61 at the beginning of the week. and euro/sterling islty th the .8586 mark. christine. >> hey,

. >>> i'm ross westgate. germany has opel plans. they say they see the carmaker repaying government loans within five years. >>> i'm scott wapner in the u.s. investors will be greeted by a whole host of earnings today topped by city group and general electric. >> hello and welcome to today's program. you're now watching cnbc's "worldwide exchange." plenty to talk about in today's program. we'll begin with the latest from indonesia. ahead of that, global stock markets are a little firmer today. the ftse cnbc global 300 up 7 points. we'll see gains in the ftse 100. if we close these levels, it will be five days of gains in the ftse stock market. xetra dax is firmer.r. a number of sections that are higher today and they particularly include -- we've got autos and banks a little firmer, as well. so those are the sectors that we're particularly looking at, as well. on the currency markets, the yen got a little strength. dollar the/yen is down to 93.67. euro/dollar is being pulled off the highs at 1.4075. sterling/dollar is back below 1.6

. >> and i'm ross westgate in europe. surprises the market after slashing inventory in the first half. >>> and i'm bertha coombs. investors appear to be catching their breath before another round of earnings and key economic data today. the futures are edging lower. >> we're just getting data out of the uk, getting mortgage lending and consumer lening, as well. june net consumer lending up 1.4 million versus may's 485. the consumer lending was forecast at 0.9. it seems to be weaker than expected. net mortgage lend iing oosh i'm sorry, mortgage approvals, that's ticked up slightly and the consumer credit, 71 million versus may's 153 million, consumer credit was forecast at up 300 million. they look an awful lot weaker than expectations. leena is with us. >> good morning. >>. >> it doesn't look like we're getting any particular consumer quantitative easing. >> the jury is still out about quantitative easing as a tool to stimulate the recovery in the real economy. the volunteer reserves say the bank of england sup almost thr

. >> and i'm ross westgate. business sentiment jumps for the fourth month running. so and i'm bertha coombs. here in the u.s., the tech sector just got a bit bumpier. microsoft reports disappointing earnings and says conditions remain challenging. >> we just got english growth figures out of the uk. a little weaker than expected. preliminary figures gdp down 0.8% on the quarter. the annual rate 5.6%. we were looking for a figure there of 5.2%. so the economy has now contracted 5. 7% since the downturn began in the second quarter of '08. the second quarter gdp, annual contraction rate, the biggest since records began in 1955. economic output, 3.2% in the first half. the government is looking for an overall economic output. ooushg government and other services proved an economic drag in the second quarter. you can see the reaction in sterling. it was up. it was well over 1.65 and it's well below that level now. shams shugg is with us. after a bounce in positive data, this is disappointing. >> it is a little disappointing. minus 0.8 was our initial forecast for q2, but

. >>> and i'm ross westgate. the chinese president heads home early to deal with unrest. >> and i'm scott wapner in the u.s. alcoa leads the blue chips out of the starting gate kick off earnings season when it reports later today. >>> hello and welcome to cnbc's "worldwide exchange." the earnings season kicks off later in the u.s. the g-8 is under way, as well, in italy. plenty of data coming out, as well, all over the globe. we'll get to all of it during the course of today's show. the ftse cnbc global 00, currently down 25 points. we saw wall street hitting a ten-week low. at the close yesterday, the talk of a new stimulus plan. right now here in europe, an hour into the trading day, not quite as bad as the fall christine was talking about yesterday. down .7% for the cac who at the moment. insurance, financial goods and services are the weakest sectors on the urgent on the currency markets, the yen has hit its highest level against the euro and the dollar. dollar/yen, 94.20. euro/dollar, .3885. sterling/dollar,

. >> i'm ross westgate. here in europe, stock markets start the week in the red with banks and energy firms the biggest losers. >>> and i'm scott wapner in the u.s. general motors emerges from court as the company plans to sell its assets. >>> hello and welcome to cnbc's "worldwide exchange." a special hello to our u.s. viewers. i hope you enjoyed a long weekend for the july 4th holiday, as well. the american markets will be back today. friday, just a reminder, it was a pretty tepid session, really. today the ftse cnbc global 300 is down 32 points. european stock markets are now an hour into the trading day and we have losses of .2% for the ftse 100. xetra dax off 1.7%. cac 40 approximately the same. oil stocks are weaker. on the currency markets, the dollar has been trying to hold its ground against a number of currencies today. risk appetite in equities generally means the yen is stronger across the board and the dollar is firmer, as well. so euro/dollar below the 1.40 mark. sterling is getting back down t

. >>> i'm ross westgate. in europe, markets in their earnings streak. >>> i'm bertha coombs. in the u.s., no halo effect from apple's rosy results and forecasts for the market. futures are pointing lower. >>> we just got minutes out from the bank of england's last meeting. they showed key issues were whether an immediate change was required. but there had not been enough evidence to justify this and the forecast prepared for the august inflation will provide an opportunity to reassess the stock for asset purchase. and they noted it was the stock of quantitative easing that was important for determining the degree of stimulus rather than the flow. it judges the medium term for the economy had not changed since may though the nearside the had diminished and the immediate inflation outlook was higher. the fall of gdp in second quarter data due on friday would be smaller than it thought two months ago and surveys suggested that there was more momentum going into the second half of the year. but a lack of bank lending was weighing on the economy. sterling has perked up after that.

market shares to grow further in the second half. >> i'm ross westgate.orsche's ceo leaves after the board approves a $5 million capital hike and dealing with qatar. >>> and i'm bertha coombs in the u.s. the nasdaq faces its biggest stretch in winning in more than 12 years. >>> if you're just joining us in the united states, welcome to the start of your global day. in the u.s. this morning, futures have been fairly flat, although boy, we've had such a big run up last night. we did see the dow and the s&p close lower. but the nasdaq put in 11 for 11, its best streak since 1996. >> we've got dow futures up at the moment. taking a look at bonds, we are watching for economic data. we did get a little out of europe this morning. we've got the ten-year yield back above 3.5% at 3.55%. we will hear from the treasury today. just how much more they're going to be auctioning off next week. ross, people keep watching these massive auctions here and waiting to see if investors are going to say, enough. >> right now, as we head towards the u.s. open, the ftse cnbc glob

ross westgate is standing by at the olympic village. unlike on the other channels, i'm glad to see your not wearing that ridiculous yellow hard hat. how well prepared are we? how is the stadium coming? >> reporter: you can see it behind me. three years to date, the opening ceremony will be taking place in that very stadium. they may be confined by this wonderful british weather. if it is rainy and cold, no doubt the british athletes will be happy. it will play into their hands. some of the elements are coming along quite nicely. in one sense, the budget has been blown. the original budget was 2.8 billion pounds. that sort of ballooned up to 9.3 billion. of the projects already completed by the end of march, we had 1.9 billion allocated. 1.4 billion is what's been spent. on the infrastructure side, the ioc and the organizing committee are probably feeling fairly comfortable. raw material costs have gone down. they've been able to get more exacting terms, more competitive terms for the process. at this time next year, this site, all the m

. >> i'm ross westgate h hee in n europe. >>ndndere in asia, i'm chririste e n.ur mpany here on "wldwide exchange." >> >>> good m morngng. a summit of f rlrld leerer the g-8 meeting in italy a and e e there. our special guest tss hour, worldd bank prerededent bob zoellick. th nation's retailersrs reportig monthly comps today. get a key rdd on the amemerinn consumer. t will investors findd a orory? >>> andd cde crushed. l prices n now d dnn more than 18% in a a ltltl more thanan wek as "squawk b b" " bens right now.w. >>> good morning, eeveone. weweomome "squawk box" here o cnbc. i'mm b bec quick alongitit carl quintanilla. joe is out today. we have a teded agenda.. e nation's retailersrs ar repopoining ne salesumbe

i'm ross westgate in europe. >> i'm christine tan in asia. watching "worldwide exchange." my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. robert shapiro: we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >>> good morning. rescued, at least for now. cit's group board securing $3 billion in emergency financing. and no dog day as the summer here. a big quarter earnings report of nearly 30%. and 40 % of the dow 30. that's 12. approximate am i right or am i right? u.s. equities coming often the biggest earnings since march as "squawk box" begins right now. >>> yes, it does. good morning, everybody. welcome to "squawk box" on cnbc. i'm becky quick, along with jwih joe kern and

. >>> d i'm ross westgate inin europe. we've had the f first major takeov in germanyny this year. >>> an i'm scocott wl nern the u.s. goldman sachs is the firstf the wawalltreet banks to report results this week. >>> helello and welcome cnbc'c "worldwide exchange.e." the earnings seaeason kicks off today y witholdman sachs redith whihitney, e biggest o of the sort of analysts changed her rati to a me positivive stanance. that held t equity mamarkets a little firmemer. take a l look at the sectors th ar gaing, resource stocks are the bigst gair yeyesterday. bank insurance, f financial services and then autotos. xetrtra dax, nearlyy 1 mersrs. c 40 up.5%. smup about 1 at the moment. e as youou might expxpectwith equities fier, so the ye has got weak er doar/yen just slipped dodown to 93. euro/dollar, we were att 3950 yesterday. now 's only marginally higherer. erling, 1.629 eu/sterling hasipped back down to o .8582. >> hey, ros heren ia, a l lot of renew optitimism. we had gdp comingg out in singapore toto show the econono ca

. >> i'm ross westgate herere in eueuro. >> and he inasia,'m'm christine tan. anks for your company y he o on "worldwide e ehahang" >>>>> g goomorning. is$787 billion just notot enoug? why o one of presidenent obama' ecomic advisers s say it's tee tototatart p pn agoecond fiscal stimulus. >>> a new partnership, prididt obamaabarn storming russisi calling on thehe cntnt to p put ee remnants o on e cold war firmrmlyn n e past. >>the markets at this urur greenn arrowss across eupepe. a a aa o redcrcrs asia. u.s. equity futures absolutely below frralue aer tradadin higher yeststery.y. itit's july 7th, 2009. ringo arars 69th birthday and "squawk box" begins s rit t no ♪ hee a little hpp