ross westgate has more for us on this story from geneva. hi, ross. >> hey, kelly, yes. 8 complaints in the year before and 25 complaints so far this year. but it doesn't necessarily mean protectionism is getting worse. because we've actually had more opening traders and more practice put in place. it's great to come to your home. >> my pleasure. welcome. >> thank you so much for having us. just explain what is going on in terms of here we are five years past the financial crisis. you've just released the report a month ago. we've got more complaints. and i would suggest to the average viewer that there are greater problems with respective trade. is that necessarily the case? >> i think it's a bit more complex than that. when you look at the trade opening measures, what we've seen recent sli a reasonably good picture. although there has been more trade restrictive measures and trade opening measures, which is a signal that protectionist specials are there. we haven't had a big tsunami. there's been no outbreak of protectionism. so that is the

i'm ross westgate. >> i'm kelly evans. these are your headlines from around the world -- >> opec ministers expect to agree on keeping their output target. talks about the level of u.s. production, rivalries between iran and saudi arabia, and a new secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher outp

for more on what to expect from wall street today, my good friend, cnbc's ross westgate. happy holidays, sir. >> hey, brian. happy holidays. good to see you before christmas, brian. yeah, we closed high yesterday, but with the events that you've talked about, republicans in the end not holding that vote because john boehner couldn't muster enough votes to raise taxes on people earning over $1 million. futures took a bit of a dive. and right now, we're calling markets down here, the s&p down twre 20 points. there's concern now that boehner can't secure enough votes in the republicans to support whatever plan may come from the other side of the aisle. and there's been a lot of complacency going in for investors. they will eventually get a deal done. european markets are now down at the session lows. off about a percent for the ftse. similar for the german market and in paris as well. so eyes for these periods now around christmas squarely on washington as you might see. not much christmas cheer for research in motion either. this was a stock that was up towards after they c

i'm ross westgate. and i'm kelly evans. >> japan's prime minister wastes no time on calling on the bank of japan to recognize support after a land slide win returning the dlp to power. >>> get a little, give a little, house speaker john boehner may be willing to raise taxes on the wealthy if president obama allows entitlement cuts in return. >>> and corporate news weighs on sentiment across europe. kpn shares fall after dividend and greco stocks plunges as analysts cut their outlook for the uk power group. >> okay. welcome. it's the start of a brand new week here on "worldwide exchange." and don't adjust your set, kelly and i are together. >> for once, for a day. >> but make the most of it because it won't be lasting. >> if only there were a slo-mo. >> i'm going to enjoy as much as i can of today. >> and likewise. and then we're going to have to get all of our u.s. voouers to find cnbc world because they could get three hours of you, carol and carolin for the rest of the week. >> whatever they can do. r

ross westgate will be back tomorrow if the world doesn't end. stick around.o south korea, the incoming president says she wants warmer ties, but it has to be on her terms. plenty more when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express [ maby december 22nd break from the holiday stress. for christmas delivery. >>> south korea's president elect park geun-hye wants it known that she's not willing to make concessions with the north. she says she wants to pursue further relations. only if the north abandon its nuclear program. why should they take her seriously? sherry kang explains. >>> scenes of victory and celebration after park geun-hye won the presidential elections. >> this election is your victory. this is a victory brought by the people's hope for overcoming crisis and economic recovery. >> the daughter of a former military leader will take office next year as the country's first

i'm ross westgate. one meter high tsunami hits the ming a sgi pre miyagi prefecture as a 7.3 earthquake strikes. job growth in the u.s. is expected to have slowed significantly in november. and bundesbank sharply lowers germany growth outlook for next year, down to a mere 0.4%. very good morning to you. slim gains yesterday for u.s. markets. right now we're called marginally higher. pretty flat opening actually. dow seven points below fair value. the nasdaq mini currently some four points below fair value and the s&p 500 also about 1.4 points below fair value, as well. so a cautious start. ftse yesterday up nine. right now flat. xetra dax currently just down four points, but it's at levels we haven't seen since january 15, 2008. and up nearly 28% this year. cac 40 up four point, ibex down half of 1%. despite sharply lower growth forecasts from both the ecb and the bundesbank again this morning. what it has done of course is help push down yields on bunds. you can see here this morning we're slightly hig

i think ross westgate gets my nod. we'll see if maybe he comes out ahead in our unofficial reader poll. staying on that topic, the financial times has named its person of the year. we'll tell you who it is and talk to the newspaper's editor when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shi fedex o. >>> you're watching "worldwide exchange." shanghai shares see their biggest gain in more than three years. flash pmi data suggests domestic demand is strong enough to boost growth. mixed signals from flash pmi data in the eurozone, business activity expands for the first time sips april, but we see contraction for the 11th consecutive month. >>> and japan's reading comes two days before a nationwide vote that polls suggest will hand the lpd opposition a landslide win.

i'm ross westgate. here are your headlines. chinese factories pick up the pace in november, both hsbc and the official pmi readings hit multimonth highs, both in expansion territory. it's another month of contraction for manufacturing in the eurozone. the region still in the grip of the crisis. white house and congress may need to call the auto club to jump-start budget talks which have stalled on discussions over taxes. and singapore airlines confirms it's in talks to sell its stake in virgin atlantic. delta is amongst the frontrunners. comes around quickly. december, we're already here. not long before christmas and we have the november final pmis out of the eurozone confirmed at 46.2. that was the flash, 45.4 was october. so slightly higher. the highest since march. but 46 still deep in contraction territory. output numbers, 46.1. so that's going in the right direction. and the final manufacturing pmi export orders 46.4. again, a tick higher than the 45.9 flash, the highest since march. so the contraction activity easing to

. >> and i'm ross westgate. >> progress is reportedly being made in an attempt to miss the fiscal cliff> and words between sylvia berlusconi and mario monti is increasing. >>> and hsbc paying a record $1.9 billion fine. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> right. if you've just joined us, welcome to the trading day. we have had the latest snapshot of german sentiment. they measured sentiment at 6.9 points. better than november. the polls were minus 12. the current conditions index, 5.7, a particular up from 5.344 in november. and the indicator in pore territory for the first time since may 2012. also follows something similar with the latest ifo number. euro/dollar coming up to the best levels of the day, hit 11.2880 during the session on monday. that is where we stand with that data. good news for the eurozone. kelly, how is it looking? >> it's more of a reaction in the ur % the dow is poised at about 44 points in the open. 13-11 is the level there. over here, the s&p 500 is adding about four points, similar magnitude, 1422 is t

ross westgate is away. these are your headlines from around the world.resident obama and congress return to work today with little progress seen on the deal to avoid the fiscal cliff while the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government vows to battle deflation and weaken the currency. export stocks rise pushing the nikkei towards it's strongest gain in seven years. and toyota moves higher after the car dealer settles a class action lawsuit. analysts say the $1 billion payment is already priced in. >> it was a pretty quiet trading session in the u.s. yesterday. retail stocks were one of the market's worst performers. we were just discussing the outlook for holiday sales coming in weaker than first expect. today, trying to cover some of those losses. similar small gains seen for the s&p. the nasdaq was a little lower the last time we checked in. roughly flat now. overnight, cnbc ftse global 300 gives up the trade, we're up about .25%. t

ross westgate is away. i'm kelly evans and these are your headlines from around the world. a setback for negotiations between congress and the white house as house speaker john boehner's plan b fails with just ten days left until the fiscal cliff deadline. >>> markets are trading lower around the world on that news. ars, arse announcing make write-do write-downs. >>> and maybe there are just two hours to go before the end of the world. reports suggest there is panic buying around the world as the mayan calendar chicagos towards its cataclysmic conclusion. >>> well, let's check in on markets. if we can brick them in behind me, here is what's going on. u.s. futures, we see the s&p, nasdaq and dow jones all pointed well to the down sides. thin trading does tend to exacerbate the knee jerk reaction we saw out of the news on washington last night. so it looks like the dow could shed 160 points at the open. we'll keep an eye on this throughout the morning. across europe, the mood has been pretty quick, too. the ibex 35 down by a third. the xetra dax underperforming and the ftse 1

i'm ross westgate. here are the headlines from around the globe. another shanghai surprise. beijing's leadership calls for economic stability and some business growth. >>> more austerity for britain that faces further spending cuts. chancellor george osborne getting ready to face his autumn statement. it's had a number of approaches enter sbred -- interested in buying the venture. >> you're watching "worldwide exchange." >> the final serves as pmi better than the familiar number. the 45.7 was a tick-up from october. the final composite pmi is also higher. 46.5 to 45.8 flash as well, the highest since july. so the economic slump a little less pronounced in november than previously thought, although the session still looks very much on course for another quarter here for europe. the pmi will rise above 50 that divides growth between contraction. hasn't stopped the euro/dollar from hitting a one and a half month high. i suppose we know growth is going to be anemic, but if spanish banks are getting some money, are we feeling slightly better? >> that's what euro trades on, isn't

ross westgate will be back here on friday. so we'll see you back then.omorrow, too. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning, fiscal cliff countdown. house republicans unveiling what they're calling plan b. >>> tech toughness. oracle sales will stay strong into the new year despite fears of tax hikes and spending cuts. >>> plus, libor rigging.

ross westgate standing by london. and then i say kelly. is that -- >> it's me. i'm here. we're flip-flopping kelly and i. >> we were ready no anything there. i introduced you, but then i tossed to kelly. so that's the way we'll keep it from now on. >> consummate professional. hedging your options. advancers barely outpacing decliners. very slim gains on the equity markets. but it is worth pointing out ft ftse 100 up nine out of the last ten sessions. ftse flat now. xetra dax up a quarter. cac 40 up around two thirds. ibex up half of 1% as well. spain have officially applied for bailout money. it is keeping yields well contained at the moment. 5.25%. a long way below that 6% level. italian yields also very well contained. lower today 4.41%. and the betting now is can spain keep from having to go for an official omt bailout to beyond the german elections which is scheduled september to october next year. so that's the game we play despite they have will have i issuance in 2013. gilt yields, chancellor statement coming out tomorrow. construction pmi today a little bit weaker

ross we ross westgate standing by in london. anna wintour is going to be your ambassador. nothing will surprise me anymore. you could get sarah jessica parker. i don't know. take your pick. "sex & the city." >> yeah. and you've got me. is that okay? >> kate might be having twins. yeah, go ahead. >> we're getting down to the flat line at the moment. we had a bit of a bounce this morning. european stocks yesterday very flat indeed. about as flat as the pancakes i make. take a look at the european board. we're down just up eight points. the ibex actually down five. very disappointing retail sales out of the eurozone for the month of october. follows a shop revision downwards as well for september. so austerity really biting in. despite some better data out -- well, i say better. the services pmi final print for the eurozone came in up better than expected, but it's still deeply in contraction territory. so we're firmly in recession here in the eurozone and in the uk as well. we saw services pmi come in weaker than expected. contraction territory for new orders -- this is the