i'm ross westgate. >> i'm kelly evans. these are your headlines from around the world. . >>> stocks fall across the globe as fears weigh on spanish yields, second region set to ask for aid. >> shares in several italian banks are suspended from trade after falling sharp lui. >> the only green spot on the map, phillips confirmed its target for next year. ceo less optimistic. >> i continue to caution about the general economic outlook. that, of course affects philips but at the same time i said philips is a case of quote unquote self-help. >>> so philips one of the 17 stocks today, one hour trade here in europe that's in positive trade. the rest heavily weighted to the down side. this follows heavy losses on friday whene started to get worried about what was going on in spain. one hour into the trading session this is what we've got. there are no sectors in positive territory. as far as the stoxx europe 600 is concerned. let's bring it up to speed with these indices. ftse 100 down 1.2. cac down 1.2. cac down 1.5. we'll show y

i'm ross westgate. >> and i'm kelly evans. headline headline. >> spanish unemployment hits its highest levels. >> we're sorry, the words from the chairman of barclays pledging to repair the bank's reputation from the libor scandal. >> samsung electronics shares power up on a record quarterly profit thanks to a surging smartphone sales and upbeat outlook. >> wall street doesn't like facebook's earnings. shares slide on continued worries about the company's growth prospects. >>> okay. so this is it. this is it. >> the big day. let the countdown begin. i'm so bummed. we're referring to the olympics. the opening ceremony at 8:12 p.m. at 8:12:00 a.m. they were doing the ringing of the bells. i missed it. i really was looking forward to hearing it. >> and the torch is making its way down the last journey, down the river thames, one of the locks at the moment. because it started this morning at hampdon court palace. shrouded in secrecy who will light the flame. >> there are odds who might light the flame. the route from the last part

i'm ross westgate. >> and i'm kelly evans. these are your headlines from around the world. >>> better than expected numbers from european blue chips including novartis. >>> positive earnings outlooks from u.s. tech giants ibm, e-bay and qualcomm. >>> smartphone tablet marketers power the world's big jegest ch makers. >> media reports say credit deutsche bank and hsbc are being investigated over alleged libor actions. >>> okay. so another show is under way this morning. >> you already had quite a busy day. >> kind of fascinating to me that this new launch of an exchange in london, in new york you had nyse and london will have more direct competition. >> what they will do, they will get companies that are already listed in europe and get them to come. >> easier to do it that way. >> so they get another pool of investors. something big has already start this morning. >> what do you mean? >> the opening championship. >> with golf. okay. >> under way. tiger tees off in 40 minutes. >> we'll bring that to you live. >> the lower house

i'm ross westgate. >> and i'm kelly evans. these are your headlines from around the world. >>> the financial stability report to british lawmakers in an hour's time. will he answer questions about libor fixing. >> bernanke will offer more about the economy. >> after shares plunge in paris, a telecom maker says it will miss guidance after an operating loss. >> google's loss is yahoo!'s gain. the company raised its biggest rival, topping melissa myer to be its new ceo. >>> so welcome to today's program. after a bit of a slow start to the week yesterday, with the retail sales from the u.s., we have a full agenda today. inflation. >> a lot of chatter. >> a lot of libor, more data, bernanke. >> maybe this will excite is market a little bit. we had our seven down monday in a row which tells you more about the market than mondays. >> it's like that song. why i don't have mondays. >> i have to do googling. >> it's an old one. let me remind you what's on the slate. coming up will be questions about libor and the bank's stability report

i'm ross westgate. >> and i'm kelly evans. these are your headlines from around the world. >>> the u.s. jobs report is front and center while they're expected to pick up the pace but it may still not be enough to make a dent in overall employment. >>> china's second rate cut in a month fails to lift asian markets, sparking fears the slowdown may be worse than feared. >>> and second-quarter profit is set to rise thanks to smartphones, but concerns on europe are still weighing on its outlook. >> and europe is not the only problem. imf chief christine lagarde warns some of the world's major developing and emerging markets are slowing. >>> okay, so, we're off to the last trading day of the week. we finished with a bang, and what a week it's already been. >> i'm going to start calling this show "anchor exchange." >> yeah. >> it's finally to be back here, the two of us hanging out, just like old times. >> it is. i like it, i like it. and do you like the uncoordinated/coordinated action yesterday that didn't get anybody going? >> tha

i'm ross westgate. >> and i'm kelly evans. these are your headlines from around the world. >>> european earnings season under way. they are setting the beat forecast for the second quarter and warned eurozone debt crisis will take its toll. >>> investors in china brace for a gloomy earnings season. china shares tumble after a raft of firms issue profit warnings hurt by slowing growth. >>> and citigroup kicks off a big week for u.s. corporates as the bank reports second-quarter results before the opening bell. >>> plus, it is inflation softens in june raising hopes the central bank will cut rates at the end of the month. >>> there's nothing like a reunion. >> he's back! >> i am. this is fantastic. it's good to be here. i, look, while i was away, what's going on with your guys on that side of the pond? >> the americans -- >> are they so desperate for new york to reclaim the title of lead financial center that they want to dump the bank of england, the bba, all the regulators over here over the libor? >> look, i just think we can

i'm kelly evans. . >> i'm ross westgate.hese are your headlines from around the world. >>> super thursday offers up a raft of disappointing earnings from the likes of royal dutch shell as weaker crude prices take their toll. alcatel lucent and siemens hit as they battle tough operating conditions. >> volkswagen second quarter beat estimates by 3 million euros. >> nomura ceo and cfo will step down over an insider trading scandal. >> is it time to foreclose on farmville. shares of zynga plunged to an all time low after the game maker reports disappointing numbers. it slashed its full year outlook. >>> as we check back in with futures we've seen them moving a couple more points to the down side. nothing major at the moment. dow jones industrials average pointed lower by about 20 points. the nasdaq pointsed lower by 10. s&p 500 is lower as well for the open potentially by five or six points there. european markets show the same kind of tone generally a weaker one although there are a couple of green spots. footprint so 100 is sp

you're not ross westgate. >> i'm not. i'm a distinct improvement over ross westgate if you can agree. >> hope ross is not tuned in on his holiday. >> hope he's not. we're friends. maybe not any more. i'm in for the week. so we have five straight days. he'll come back refreshed and ready to go. >> plenty to get through today so we'll get right to it. >> on today's show we're live in brussels where eurozone finance ministers will be live in spain calling on leaders to follow through on their agreements. >> we're live in farm bureau. we hear from the ceo of raytheon. >> and how myanmar is opening up to investment opportunities. >> also apart from alcoa we'll be getting numbers from the likes of chevron and jpmorgan. earnings insight from boston who says financials are highest and energy the lowest for the quarter. >> and there's fresh evidence that the slow down in the world's second largest economy is continue. china's consumer price and if affiliation fell to the lowest price showing growth at 2.2% year on year. consumer p

i'm ross westgate. >> i'm kelly evans. these are your headlines from around the world. >> risk is back on, stocks rally for a third consecutive session as the anticipation of coordinated action by major central banks fuel sentiments. >> spanish economy contracts 0.4% in the second quarter. there's a surprise 2.2% jump in inflation. >> hsbc is to post a jump. >> u.s. investors are looking ahead to a busy week. >>> okay. so welcome to the first trading day of the week. we're weighted to the upside one hour in the trading session for europe. after of course big rallies on the last few trading sessions of last week. the ftse 100 down half percent last week but up 2% the last three trading days. up 4.68% in the last three trading days. ftse 100 up. dax up two-thirds. the ibex today up another 1.75%. italy has got an auction out this morning. the auction focusing on -- i was going to show you three. but we got five and ten years very much in auction as well. 5.97% is where the ten year is trading. auction last month, the yield w

. >> and i'm ross westgate. >>> europe's main central banks get ready to support their waning economiesh the ecb expecting to plunge its rate to a record low. >>> banks also, moody's down grade barclays. >>> and u.s. traders return from their holiday with jobs data in focus. adp jobless claims and the ifm services index bring nervous anticipation ahead of friday's nonfarm payrolls. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >>> if you're just tuning in, thanks for joining us here on the show. a quick look at how the markets are shaping up today, coming back from the holiday yesterday across in the states. hope you had a great time if you were off celebrating yesterday. the markets open on a flalt footing. lots of anticipation of what's going on around the world in central bank action here. we do have jobs data today and tomorrow stateside as well. ahead of that, it looks very much like markets opening very flat today. that's the expectation at this stage at least. let's look elsewhere. the ftse, cnbc global 300, telling a story of wait an

e-mail us worldwide at cnbc.com or reach us directly at kelly underscore evans or ross westgate. >> still to come, the libel scandal is expanding as it reached individual traders. we discuss with a guest who says the libor affair is a fight to the death. >>> you're watching worldwide exchange. >> some other news out this morning. barclays has named anthony saltz to lead an independent review of its business. he will report directly to the deputy chairman. he's expected to publish the findings of the review by spring of next year. i think he's also on the board of roth child. the libor scandal is expanding its reach to individual traders. more than a dozen from at least nine banks are under criminal and civil investigation for co-lewding together to manipulate rates according to the "wall street journal." joins you go is howard davis professor for sciences and chairman. rich is still with us as well. thanks for joining us. give us your own view of the debt and likely xwab lly impact from what you know at the moment. >> there's a lot of uninformed comment on this, because there are many mor

. >> i'm ross westgate.ere are the headlines from around the world. >>> germany's business sentiment falls to the lowest level in over two years as the ifo institute warns europe's debt crisis is increasingly weighing on the german economy. >>> britain's no stranger to the crisis. gdp falls much more than expected in the second quarter, down 0.7%, pushing to two-week low. >>> answering the call. reports say the fed may be closer to taking new action to try to spur the sluggish u.s. economy. >>> apple misses wall street forecasts as analysts say consumers are holding out for number five. >>> thanks for joining us this morning. as we get closer to u.s. trading session, let's look at how futures are pointed. we have red across the board behind me, once you take fair value into account, which our colors haven't done. dow jones industrial average is implied to open higher by ten points. s&p 500 is roughly flat, maybe a point lower. the one to watch is the nasdaq. it's down significantly. about 26 points for the i

i'm ross westgate. >> and i'm kelly evans. >> microsoft and google, better than expected numbers at the end of a positive week for stocks. >>> avoiding a barclays style backlash. reuters reports the banks are looking to negotiate a group settlement with regulators. >>> m&a activity, a battle looming and a report of a new stock exchange tie-up. >>> plus, eurozone finance ministers are set to approve the terms of the bailout for spanish banks. the deal overshadowed as the country is rocked by violent protests. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >> so we're just about there. we've nearly made it through the week. >> happy friday. >> happy friday. and sports looking very good. >> have you been following the golf? >> i've been following the golf, the cricket. >> how is tiger doing? >> 3 under. and it looks like we're about to get the first-ever british winner of the tour de france. >> this is exciting. even i'm following this one. >> wigo is the way they say it it in france. >> wigo. that's your french lesson. >>> apple's debuting its

we have more on draghi's comments, here's cnbc's ross westgate joins us on the "squawk" u.s.mportant question is the market, are we making too much of this story and these comments this morning? >> okay, let's just, that clip you played was absolutely the most interesting part because we can take the comments about markets underestimating the strength of the eurozone and recent measures as nothing more than cheerleading bluster but what he's saying is the high government bond yields are disrupting ecb monetary policy transmission. those are interesting because they possibly hint at an attempt to really circumvent the restrictions on the outright government bond purchases and i think that's how some may be interpreting it in the market. it remains to be seen whether the likes of others would agree with the assessment but there seems to be a hint because the monetary transmission mechanism is being disrupted by higher bond yields that falls into their remix so therefore is there a reason for them to launch outright qe? >> okay, ross, so that becomes the question, and you sort o