i'm wilfred frost. >> and i'm carolin roth. these are your headlines around the world. >> republicans win big in the midterm elections, taking full control of congress for the final two years of president obama's term in office. >>> a spark in early rally, europe retail leads the way into the green marking interim results despite sales being hit by hot weather. >>> a weak yen and strong sales in the u.s. as the world's large ft carmaker posts a profit rise of 11% in the quarter. >> pimco out from a splash of total reach of record $27 billion in the month of october. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> and weir just getting the eurozone composite pmi data come in at 52.1 for the composite number. that's 52.0 in september. we're also looking out for the services number. >> and that is 52.3 versus the forecast of 52.4 in the month of october. so just shy of expectations, but not a huge move, obviously. and we also had a pretty big fall in the euro, didn't we, at

i'm wilfred frost. >> and i'm seema mody. here are your headlines from around the world. >> stocks in europe try to eek out early gains. wti bountss back a bit as the opec secretary general says he is not panicked about the oil prices. >> consumers don't see any nagging from anybody. but maybe i think we are looking at a division. >> leaving its troubles behind, allianz sees a boost on the back of profits despite pimco. >>> profits take a hit on shares in china. the ceo says a dividend hike is still on the cards. >> george osborne says he is in brussels to get a better deal for britain, calling the $1.7 billion tax deal unacceptable. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> and welcome to the show and welcome back, seema. how has the week been in dublin? >> it's been spectacular. it's been a busy week for the markets. stocks at an all-time high in the u.s. >> the ecb made me think yesterday and we have the u.s. jobs. a very big show. we're going to kick off with

i'm wilfred frost. >> i'm seema mody. here are your headlines from around the world. >> the bank of japan stands by its huge package. the central bank will stick with qe until inflation is on target. >>> a vote to approve the controversial keystone pine line falls shoet in the u.s. senate, but supporters are hopeful the project will eventually get the green light. >> it's been on my agenda and it's staying on my agenda and i'm going to do everything i can to help america to become energy independent. >>> gearing up of a showdown, the french lower house approves the 2015 budget. coming up, we ask the european vice president if paris will face any punishment. >>> no comment from pbnp paribas on reports that executives have been targeted in an insider trading probe. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> and it continues to be the big story of the day. the bank of japan says a continued economic recovery is on track despite surprise data earlier this week tha

i'm wilfred frost. >> i'm seema mody. here are your headlines from aund the world. >> japan sends into recession sending the nikkei lower and weighing on sentiment around europe. >>> and merck strikes a big deal with pfizer forces it to cut its profit guidance. >>> and going live in shanghai with the stock market. but we hear they are still confident on china. >> i don't see people pulling out of china but i continue to see people putting money into china. >>> g20 leaders warn russian president vladimir putin more sanctions could be on the way as they meet in brussels to discuss possible measures. >>> now to our top story, a quite astonishing story in japan. the gdp number shows a 1 president 6 contraction against the expectation of 2.2% growth. one of the analysts said there's a big drop as businesses cut back on investing. key consumption is another weak quarterly factor. japan is now back in a technical recession following the drop in q2 after the sales tax came through. the latest fall is cementing last week's rumors

i'm wilfred frost. >> i'm carolin roth. these are your headlines from around the world. >> ifo is expected to announce imminently it will keep the 2020 c cup. >> the u.n. accuses moscow of fueling the war in eastern ukraine. >> inflation looms over europe as prices fall further. this as jack lew -- >> shares of cisco come under pressure as emerging markets weigh on the company's earnings and outlook. >> announcer: you're watching "worldwide exchange," bringing you business new from around the globe. >> hi, everybody. i'm seema mody. coming up on the show, big business of retailers, we find out how american eagle plans to get its claw into the key fashion market here in europe. >>> and sold for $151 million after a record breaking auction, we take a look at some of the world's most expensive pieces of art. >>> and find out why resident necessary cambridge could be hearing a weird buzzing in the air over the coming months. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>

i'm wilfred frost. >> and i'm seema mody. >> shinzo abe confirms he will hold a snap election. >>> european markets cautiously higher. investors await a reading on the zew. >>> investors share in the green after a jump driven in profits driven by the uk. the ceo tells cnbc asia why is still an area of growth. >>> the bcb tells cnbc he would prefer to stay if possible. we still believe, as well, for us it's better than other stockes and other stocks is changing. unfortunately, this was not our decision. >>> japanese prime minister shinzo abe reportedly told his party he will delay a tax hike and hold snap elections. this coming a day after japan's economy unexpectedly slips into recession. matthew beesley, head of global equities joins us in studio. it was the -- yesterday japan reporting that it is in recession. the question is, what's next? does japan stay mired in recession or do these new policies that abe will potentially unveil help revive the economy? >> what's clear, it would have been bad. at least in our time, company investors, lots of japanese corporates. they've all been saying

i'm seema mody. >> and i'm wilfred frost. u.s. futures point to a lower open as weaker than expected chinese and is business activity fuels global growth fears and fed minutes fair to give clarity on a rate hike. >>> but the russian market hits the highest level of the kwoer, despite expectations that the economy slowed in the third quarter. and one of the country's biggest companies posted a 98% drop in profits. >> president obama is set to take executive action on immigration, but his go it alone strategy brings backlash among republicans. >> announcer: 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 "worldwide exchange." before we even take a look at how markets are fairing ahead of the u.s. open, let's recap what happened in the u.s. session yet. the s&p 500 trading fairley flat in the session up until the release of those fomc minutes. moments later, they went lower appearing to suggest increasing confusion over the central ban

i'm wilfred frost. hsbc reports a 12% drop in earnings. >>> and the ceo of ryanair says the competition for fares is fierce. >> increasingly across europe, you have seen air france pulling up prices very strongly. customers are turning to ryanair and we see the strong growth across the beat. >>> french advertising publicis buys safient in an all-cash deal and shares trade lower in paris. >>> and proctor and gamble is accused of tax fraud and production is halted. >>> you're watching "worldwide exchange" bringing you business news from around the globe. >>> good morning, everyone. let's get straight to data points. the eurozone manufacturing pmi for the month of october, that has expanded slightly slower than first thought last month with the number of 50.6. e were expecting a number of 50.3 so that is slightly better than forecast, but still lower than the flash number that we saw. we'll get to some commentary from the market this morning. again, the eurozone manufacturing is slightly slower than first

. >> and i'm wilfred frost. these are your headlines from around the world. >> ready to step up the pressure. the euro hits a session low as mario draghi vows to hit the central bank's asset program if inflation stays too low. >>> president obama goes it alone, taking action on sweeping immigration reform without getting approval from congress, setting up a clash with republicans. >> americans are tired of gridlock. what our country needs from us right now is a common purpose, a higher purpose. >>> western leaders hold frantic talks with iran and its nuclear program. but a deal on easing sanctions seems unlikely as tehran is accused of secrecy. >> and another record for alibaba just months after its blockbuster ipo. the internet giant fell to its largest bond ever by an asian company. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> interesting day of trade in the u.s. that eurozone pmi data did come out weaker than expected. but then domestic data out of t

i'm seema mody. >> and i'm wilfred frost. these are your headlines from around the world. >> baker hughes says it's in talk wes halliburton. a deal could well exceed $20 billion. >>> on the agenda at the g-20 summit, this as the eu says the corporate taxfield between starbucks and the dutch government may have been illegal. >>> and twitter shares dumble after the s&p slaps a junk rating on its debt, saying the social networking site needs to keep investing to stay relevant. >>> germany and france narrowly avoid recession. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> and if you're just tuning in, thanks for joining us here on "worldwide exchange." here is a look at how markets are fairing at the market in premarket trade. keep in mind the markets continued its prime in yesterday's trade. the s&p, the dow industrials and the dow transports index setting new intraday all-time highs. the dow strils closing at a flash record at 17,752 right now indicating a higher move i

i'm seema mody. >> and i'm wilfred frost. >> european and u.s. regulators hit five global banks with a 3.2 billion fine after a year-long probe into fx manipulation. >>> but a concern over barclay's sees its stocks trade lower. meanwhile, rbs is investigating 50 employees as part of a wider probe. >>> and the u.s. consumer is in focus today after macy's and jcpenney report results after this start of the holiday shopping season. >>> agree to disagree, president obama and xi jinping make an agreement on climate change. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> european stocks trading lower, but if you want to take a look at where we're seeing the outperformers, none other than the japanese nikkei at a seven-year high. japanese stocks continue to move higher as prime minister abe will propose planned -- or expectations that he will propose a planned sales tax hike. >> he denied that yesterday, of course, but the pressure is continuing to go with that story, despite

i'm wilfred frost. government policy rather ceo socgen tells cnbc he trusts the ecb to defend growth. >> he will do what he feels needs to be done to sustain that in europe. >>> siemens misses earn eggs forecast, hurt by charges for wind turbines. the ceo tells cnbc there are some clouds on the horizon for the german economy. >> the level of industrialization is very high. but then again, we do see some slowdown and we will -- for this one. >> weakness at europe's core ramps up pressure on mario draghi ahead of the central bank meeting while the bank of england looks set to hold steady. >>> and a strong performance in the u.s. market gives astrazeneca sales a shot in the arm as the drug sales raises its full year forecast. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the show. let's have a look in in european markets. as you can see, there is more reds than there is green. the stoxx 600 is down 0.44% so far in today's trade. let's l

i'm wilfred frost. >> and i'm seema mody. these are your headlines from around the world. >> don't worry about the strength of the dollar. fed policymaker charles plosser says the rate won't be determined by short-term volatility. >> even an interest rate. >> upbeat earnings drive european stocks higher with vodafone leading the stoxx 600 after it hikes the dividend and launches a new broadband service. >>> shares in henkle. the ukraine crisis is hurting europe but russia's economy remains strong. >> the surrounding countries are reacting and russia remains strong. europe is strong now. but germany is having the strongest growth since 2012. >>> $6 billion and counting. alibaba firmly on course for record breaking sales as consumers snap up online bargains. cnbc speaks to founder jack ma later today. display you're watching "worldwide exchange," bringing you business news from around the globe. >>> nouriel roubini says he doesn't think the fed will hike interest rates anytime soon. factors in whether the u.s. inflation and the

i'm wilfred frost. >> thank you for joining us on "worldwide exchange."we are hear bright and early tuesday morning. i'm seema moody. thank you for watching. >>> good morning, it's the cartel's call. opec is preparing for a key meeting this week with oil prices plummeting to $60 a barrel if the group doesn't cut output. >>> also, ruling the sky. the faa set to propose new regulations for drones restricting commercial use. >>> and it's a big bet, outspoken dallas mavericks owner mark cuban predicting sports gambling will be legal in the next five years. it's monday, november 24, 2014. "squawk box" begins right now. >>> good morning, everyone. welcome to" squawk box." i'm becky quick along with andrew ross sorkin. joe is enjoying time off today. we'll look at the three big stories to watch today. stocks soaring in asia overnight with the shanghai composite rising 2% to touch near a three-year high because the markets there are just getting their first chance to react to friday's surprise rate cut in china. >>> also, reuters are reporting that china stands r

i'm wilfred frost. >> i'm carolyn roth. >> i'm seema mody. thank you for watching. " squawk box" is next. >>> welcome to "squawk box." president obama got out of dodge in china immediating with the world's leaders saying they are working on a trade deal that could be, in his words, historic. >>> stocks continue on a hot streak. the bulls looking to continue their charge with the dow and s&p trading at new highs. >>> and a couple of heroes at the box office. one that is out of this world. two new films hitting the $50 million mark. i kicked in $70 for one of them. on the same day weekend, this is the fourth time ever that's happened. it's monday, november 10th, 2014. "squawk box" begins right now. >>> good morning, welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe quick and becky quick is off today so we have maria carusa cabrera in. >>> the big story this morning, general motors ordered half a million replacement ignition switches and did that two months before the recall of millions of vehicles publicly. the wall st

i'm wilfred frost. . >> and i'm carolin roth. these are your headlines from around the world. >> nowhere but down from oil. wti falls to its lowest level in nearly 2 1/2 years, significantly weighing on european energy stocks. >>> slowing sales on europe. hugo boss falls more than 5% as it kits its profit outlook while revenue growth slumped to the lowest level since 2009. >>> silicone valley is the command network for choice, from terrorists. that's from britain's science chief as he slams u.s. tech company for turning a blind eye to misuse of their services. >>> and u.s. voters head to the polls today with the key midterm elections deciding which party controls congress and whether there will be two more years of political gridlock in washington. >> you're watching "worldwide exchange," bringing you business news from around the globe. >> and we have to kick off with our top story, which is oil today. of course, it's down 27% since it peaked in 2014. >> june and down over 10% since the start of october, down 1.6%, as you can se