. >> hi seema. just a few minutes ago, the interior minister confirmed that none of the gunmen responsible for the shooting this morning have been arrested. two police officers have been shot using automatic guns. one of them reportedly in a critical condition that was in the south of paris in the city called montrouge. there is no confirmation at this stage between any link between the shooting this morning and the attack that took place yesterday in the center of paris. the interior minister who was attending this morning an emergency cabinet meeting at the pallis decided to leave the meeting to travel to monrouge where the shooting took place. he confirmed several people have been arresteded following the attack yesterday. seven people, ard cooing to police sources, located about 140 kilometers away from paris and one person by the belgium border about 300 kilometers away from here. two gunmen two brothers are still on the loose. some pictures and their names have been made public yesterday. they

. >> i'm seema mody. thank you for tuning in. here are your headlines from around the world. >> draghi does deliver. stock investors cheer. the 1 trillion qe package as the euro falls below 113. executive board member tells cnbc in an interview the market reaction justifies the bank's action. >> it is encouraging. it shows that the program is credible but it's obviously too early to tell. and what mattered for us was inflation. >> saudi arabia's king abdullah dies at age 90 following weeks of hospitalization for pneumonia. he's immediately replaced by his brother sending oil shares higher. >> telefonica is in talks with hutchison for $15 billion. >> telefonica confirms it's in talk with hutchison to sell it's business for more than $15 billion and it's payday for lloyd blankfein. he will join the crew on squawk box later this morning. you won't want to miss it. >>> manufacturing and purchasing managing index for major european countries have been coming out today. we heard from germany. january pmi falling below 51.7. composite p

i'm seema mody. >> wti hovers around $47. >> european markets and the euro steady ahead of key inflation data that's expected to show the eurozone has fallen into deflation. >>> sainsbury shares rally after delivering a strong christmas performance, but the cfo says the uk super market won't be rewarding investors just yet. >> we anticipate paying out the load this year than last year. but with all of that said i think the core of the business remains strong. >>> hopes are raised of finding the black box recorder as recovery teams locate the plane's tail under water. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the show. lots of data coming out of europe today. the latest that has just broken is italy's jobless rate which for november has hit 13.4%. that picks up from 13.2% in october. this is the november reading that we're getting. it's had highest rate since the data series began back in 1977. so the fundamental weakness in th

i'm seema mody. here are your headlines from around the world. european leaders voice support for greece amid questions in the eurozone. >>> the oil majors take the center stage pushing the oil stocks into the red. bp earnings in danger due to plunging prices and the slide in the rouble. >>> iran's president references a referendum on key issues from the west. >> translator: i swear to god that this is not possible. a political life experience tells us that the country cannot have sustained growth in isolation. >>> and a stock on the move. shares in bmw sink to the bottom of the stoxx 600 after the german carmaker confirms to pay subsidies to those who suffered losses last year. >>> happy new year to all the viewers returning from holiday to join us on "worldwide exchange." wilfred, happy new year to you as well. >> you are like five days late but how was your holiday off? i hope it was much enjoyed. >> it was wonderful being back in the u.s. and spending a few days in berlin learning history to get

wilfred, back to you. >> seema thank you very much. the cofounder and chief investment strategist at absolute strategy research. a quick question on the health area sector you're positive because you think it's a defensive sector but is defensive still the right word. >> you have to look at the things driving it. the leading indicators are rolling down. historically that's where health care does well. secondly in a yield starved market you're still looking at very defensive yields. 3.3% that gives you a very nice lift over those you were talking about over there and finally in a muted economic cycle things like bio tech can go to the boone because you are getting such a big dynamic coming from the possibility of it taking off elsewhere. you have a few factors here driving that and we'll be back with other calls in about five minutes. they're rallying on a plan to cut risk rated assets by 20%. the move is designed to increase it's capital buffer without having to raise additional capital in the market. rallying around 11% on today's tra

back with me are krystal, chris and seema.ns have been having some fun with deflate-gate. and last night jimmy kimmel found the guys actually responsible for the deflated footballs. >> i deflated those balls myself. i did it. i'm the perpetrator. >> i am the locker room guy. >> i am the locker room guy. >> i'm the locker room guy. >> i'm the locker room guy. >> i'm the locker room guy. >> take a good look, america, i'm the locker room guy. >> leave tom brady alone. >> tom brady had nothing to do with this because he was too busy being awesome. >> and those lips. >> amen those lips. >> it wasn't brady. >> unless he deflated those footballs with his piercing baby blue eyes. >> i think kimmel rounded up every bostonian in hollywood. chris, is this a story just made for late night tv? >> this is viral. they make these viral moments. this has gone viral. it's so timely. i think it kind of puts to rest a lot of the speculation around deflate-gate. sunday we'll still be talking about it if the new england patriots win people will be

>> filling in on seema mody.i'm just -- >> i guess that's what happens when you go to london to do that. 4:00 a.m. shift here and not a flight. >> that would be correct. >> absolutely right. >> dom and me here on boxing day. >> seema, thank you for staying up late for us tonight. >> appreciate it. 12 minutes to go here. and again, not much of a bid. we have the dow off 311 points. s&p off 36. s&p off 72. >> down day on wall street. pros coming up tell us what and if they're buying at all this hour. stay tuned. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitr

. >> seema mody has reaction from london london. >> r t financial capital cheer the massive stimulus move and we saw that play out. the investors rotating out of european bonds into equities. in fact investors setting the 100 stocks listed on the london stock exchange up by around 1%. but really had participants in london talking was the big move and best in seven years against the euro. the strengthening pound something the bank of england is watching closely since along with plunging oil prices have capped inflation in the u.k. well below its central bank target of 2%. so what is a weaker euro versus a pound mean for the consumer here in london as well as the u.k.? well it means goods in britain will be less expensive, perhaps making them more attractive another boon for the u.k. consumer which is already enjoying low unemployment and a recent pick-up in wages. for "nightly business report," i'm seema mody in london. >> and geoff cutmore now with more from the world economic forum in davos, switzerland. >> the reaction to the european central bank's announcement here at the world e

and i'm seema mody. >> the dow falls more than 300 points. european markets extending losses. >> oil gives up its early gains. wti now below $50 a bairl with brent at a fresh 5 1/2 year low. >>> the german automaker retains the crown of the top luxury seller of cars in the u.s. >>> the world's largest electronics show in las vegas. sony using this time to address the cyber attack. >> i am very proud of all the employees and partners we work with, as well who stood up against some of the extortionist efforts of the criminals that attacked sony pictures and its employees. >> announcer: you're watching "worldwide exchange," bricking you business news from around the globe. >> just want to get i up to speed on some data that just broke. eurozone composite pmi coming out at 51.4 versus 51.9. that was the expectation versus what we got in november, which was 51.1. again, the december composite coming out at 511.6. >> we have had the numbers out of the individual countries. spain came first. that was a good reading, 54.3 in euro, came up a little bi

joining me now are trial attorneys seema ire, chris witherspoon and caroline.ht. chris, what's your reaction and the reaction from the readers. >> i think you are right, we were shocked. oscars could have made history. they didn't. i was disappointed to see. with that said i love a lot of actors that were nominated it felt like you were watching an award show -- >> i actually haven't gotten over last year oprah not being nominated for "the butler." that perplexes me and now looking at this year not only was she shut out again, but all her co-stars shut out. >> you're talking about "selma" -- well let me hear from you. >> i just think that what kind of message were they sending? what kind of message was the academy sending by putting this out? tick already by shutting out ava. particularly on martin luther king's birthday what peng do we take away? >> but caroline i think you're assuming they're trying to send a message, maybe they just don't care. >> maybe we got the message. it's important to look up at the makeup of the academy members who voted for the nomin

. >> and i'm seema mody. >> dramatic developments in france. >> and european markets on the flat lineafter yesterday's global rally that saw u.s. stocks wooil wipe out all of their losses for 2015 as investors wait for december's nonfarm payroll report. >> from europe to china, deflation fears growth after producer prices fall more than expected from the lowest level since 2012. >>> shares of santander fall sharply after the spanish lender prompts a number of investors to downgrade their price target on the stock. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> french media are ordering of a possible hostage situation and shots fired in the area where police are searching for the two suspects in wednesday's attack on charlie hedbo. for the latest developments on this story, we're going to join our reporter in paris, stephane pedrazzi. >> morning, wilfred. some people have been taken hostage a few minutes ago in a local printing company. it's the northeast of paris, about 20 kilometers away from the french capital. we don't know

i'm seema modi in london. >> officials are still upbeat about the u.s. economy. steve liesman has more. >> reporter: central bankers focused on overseas weakness and a decline in oil prices. but they largely believe the u.s. economic recovery can withstand the challenges. federal officials saw the price as a positive thinking it would boost consumer spending though they expressed concern about the impact it would have on capital spending as all producers pull back. and the fed saw it a risk to their 2% inflation goal but many said momentum in the job market and strong economic data suggest growth could end up being better than they forecast. >> looking at the bigger picture, we're still in a situation where the macro context has the united states in particular at above trend growth and essentially 0 interest raits and the expectation that it will stay even as growth goes higher. >> reporter: the current core inflation rate which excludes the volatile food and energy running only 1.4%. the lowest 2% goal. sloongs the fed sees movement towards that goal. the fed se

seema joins us from london. >> you know my last name by now. seema mody. come on. >> sorry about that, seema mody. >> they're higher across the board. all eyes on the european central bank. what will be unveiled by mario draghi. the question isn't whether the ecb will unveil a bond buying program. that is expected by the market. the bigger question is how big will the bond buying program be. analysts are saying 1 trillion euros. will this quantitative easing program will enough to revive the economy. some are saying it's needed in addition to structural reform. that's one of the questions out there. will it be enough to stimulate the economy. gains across the board. xetra dax up. also want to draw your attention to the swiss index. after the sell off we saw on swiss equities last week on the back of the unexpected policy reversal from the swiss national bank we did see swiss stocks sell off last week. right now some bargain hunters coming in. index up about 1%. also take a look at the euro. it did break 115 last week hitting an 11 year low against the u.s.

. >> it's very interesting this debate seema. earnings debate in mar because over the last week or so the last couple of months or so the focus is what does the international economy mean for the u.s. earnings disappointed and people start to think is the domestic situation weaker than we expect. >> now investors are saying given the stronger dollar being a big head wind you should perhaps look elsewhere, look at companies in europe that bring in the revenue in euros but shouldn't you be wanting to invest in economies that are developing and accelerate chg is the u.s. right now. we're expecting to see gdp growth of 3% in the u.s. you should want to put money in a market that is growing. >> sure. definitely evaluations come into it. >> i just feel like saying stronger dollar is the reason not to invest in u.s. stocks. i feel like that's not the whole story. that's something we'll discuss with our next guest here. but another big story has been russia. the rouble is extending losses against the dollar with 30 minutes to go before t

i'm seema mody here in london. heres your headlines from around the world. >> just over two hours to go until the ecb finally announces a widely expected qe plan. with cnbc sources confirming mario draghi aims to buy 50 billion euros in bonds per month. europe should also prioritize structural reforms. >> we should not overemphasize on the money. money is not the only thing. it's the investments and structural reform. >> but leading economists tell cnbc the euro area needs more than it's likely to get today. former member of the bank of england's monetary policy committee. he says germany is still standing in the way. >> it's the germanic wing of the governing council which appears to have an effective veto of the position since it voted by majority rule. >> the ceo of barclays' defends the bank position as they accuse them of not cooperating in the dark pool probe. >> our position is always to cooperate with the regulatory agencies. we have robustly responded to the allegations made against us. that's going throug

. >> all good advice, seema yas yasmen. happy new year. >> happy new year. >> all right.ice chief calls 911 and then tells them this -- >> accidental? >> yes. >> who shot her? >> me. >> hmm. we'll have more on that extremely unusual call from a police chief admitting to shooting his wife. >>> all right. checking other top stories this afternoon. according to a 911 tape the police chief of a city near atlanta said he accidentally shot his wife while he was sleeping with a ghun theun in the bed. >> i'm the chief of police. the bed -- the gun was on the dresser. >> okay. >> you're the chief of police in peachtree city. >> yeah unfortunately yes. >> you said she was shot twice. >> accidentally? >> yes. >> who shot her? >> me. >> how did you shoot her. >> the gun was on the bed i went to move it and put it on the side and then it went off. i've got the door open for them. oh, my god. >> what's your name sir? >> william mccomb. >> william mccomb's wife is in the hospital. the chief is on administrative leave while the story is being investigated. >>> john hinkley will not face

seema mody is live for us in london. >> that's right. eurozone inflation turning negative in december, the first time since the death of the financial crisis in 2009. the big concern is europe entering this japanese style deflationary trap. bad news for the economy may be good news for european stocks as it is for the ecb president to unveil quantitative easing which does include bond buying sooner rather than later. still a lot of questions on whether quantitative easing is the answer and if it will stimulate the economy especially if oil prices move lower that could weigh on inflation. >>> goldman's ceo on squawk box this morning talked oil, the fed, the outlook for the u.s. markets. mary thompson was glued to the set. we were talking off camera. he could do standup. he is that funny. he is quite charming. >> his answers are very thoughtful. it is always a good interview to listen to or watch. during his time on "squawk box" he brushed off concerns of early selloff we saw on wall street seeing long term outlook for markets especially h

. >> hey seema.eeing a rare public dispute over the authenticity of the goods sold on alibaba's site. especially it's crown jewel. there's an unusually strongly worded white. >> paul: thaer the state regulator issued today where they found some of the products were substandard and violated trademark or were illegal. this is after the same agency that said that out of the products examined only 37% of them were genuine. so this is really a very public display that we're seeing here for the first time between the two sides. soon afterwards they issued an open letter questioning the sampling of that survey and then the reaction of the government was that they fired back by releasing this white paper. and the company itself issued a statement soon afterwards saying fake goods are a tumor in economic development. they are saying that taobao is a victim and he say we made efforts in the fight against counterfeits but there's still much to be done. however we alone cannot do this. we are willing to work wit

seema was pointing out we did see germany and russia with the trading relationship taking a hit because of the latest downgrade. if russia's credit rate as good downgraded by another agency it would be ineligible for investment rated indexes. what's going to happen for the rest of europe? >> you pointed out an important variable here we're all monitoring. this is -- most of the credit players and investors they have the two out of three rule. so if russia is downgraded to junk by two agencies out of three agencies then they have to release the holdings. they don't hold russian debt anymore. we only have one rating out of three ratings in junk status. so we are not there yet but there's pressure and i do believe that could be some level of follow up here when it comes to downgraded the credit further. >> you said it might get worse before it gets before. head of fx and rate strategy at citi, thank you for your time. sticking with the russia story, u.s. prosecutors arrested a russian banker in new york charging him and two others with spying for moscow. the fbi says they were seeking info

seema yasmine, a former disease detective for the cdc. disease detective.h is part of the answer for people at home. it matters in west africa right now. how does the fight go there? >> absolutely. that is still the hot zone. we're still seeing increasing numbers of infections there. more than 500 cases reported in sierra leone just recently. what we are seeing troops going in there, more volunteers going in it's really such a delayed response and because we were late responding in the beginning, we're still playing catch-up and actually the virus is moving a lot quicker than we are. >> why? >> it's a very contagious virus. maybe not as contagious as others out there. because of the lack of health infrastructure there, there are still not enough hospital beds for ebola patients. and what i'm hearing now from doctors at the front lines is people are dying in their homes, of things like malaria, cholera, things that could be treated in the hospital, but the beds are taken up with ebola patients. >> you have lack of health infrastructure. plus what happens wit