Italy is still embroiled in financial crisis — but it isn't severe enough to convince the public that reforms are needed, the ex-prime minister said.» Read More
A few weeks ago during Apple's last significant pullback, Doug Kass of Seabreeze Partners, said he was buying the stock. Kass joins the FMHR traders to discuss how he is playing the stock now after its worst week in 2 and half years.
On "Fast Money Halftime," Scott Wapner challenges Doug Kass of Seabreeze Partners Management for making what seemed to be very bullish comments on Apple several weeks ago. The stock has continued its fall since then.
Andy Brough, Fund Manager, Schroders tells CNBC more austerity will not be a big vote-winner in Italy
CNBC's Carolin Roth reports on the state of the European markets after Italy's Prime Minister Monti announces he will step down following the approval of the country's 2013 budget.
The "Squawk on the Street" team discuss the mornings top headlines, including McDonald's blowing out expectations for November sales, and Italy's Prime Minister announcing his plans to resign.
Italian industrial output fell more than expected in October after stabilizing in the third quarter, suggesting the prolonged recession in the euro zone's third-largest economy is set to deepen in the final months of 2012.
CNBC's Carolin Roth reports on how the Italian market is faring after its Prime Minister Mario Monti announces his plans to resign once his budget passes in parliament.
Even as markets have been focused on a potential bailout for Spain, analysts say Italy, which is heading for a protracted recession, may also need aid in 2013.
*Improved conditions do not change view Spain needs bailout. MADRID, Oct 31- The longer Prime Minister Mariano Rajoy puts off asking for aid from the euro zone, the greater the risk of further financial turmoil and an even worse recession in Spain, analysts say.
ROME, Oct 31- Five months before an election that will be crucial not just for this country but the whole euro zone, Italy is mired in some of its greatest political uncertainty si n ce World War Two.
LONDON, Oct 30- World shares rose modestly while the dollar fell on Tuesday as the initial impact of a massive storm in the United States looked to have been less severe than feared.
MILAN, Oct 29- Italy will probably have to accept higher borrowing costs on the new five-year bond it is offering later on Tuesday because growing fears of domestic political instability are making investors edgy.
NEW YORK, Oct 29- U.S. gasoline and heating oil futures gained while U.S. U.S. stock and bond markets will be closed on Tuesday, but the two-largest U.S. stock exchange operators, NYSE Euronext and Nasdaq OMX Group, intend to reopen Wednesday, conditions permitting.
NEW YORK, Oct 29- U.S. gasoline and heating oil futures gained and U.S. Treasuries also rose on Monday, as economic worries over Hurricane Sandy fueled safe-haven buying in thin trading volume as the powerful storm began to batter the U.S. East Coast.
MADRID/ ROME, Oct 29- Spanish Prime Minister Mariano Rajoy kept financial markets guessing on Monday over whether he will seek a credit line from the euro zone's rescue fund but said he would do so ``when I think it is in the interests of Spain''.
NEW YORK, Oct 29- The euro fell against the dollar and yen on Monday, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid. Near-bankrupt Greece needs a comprehensive deal on an austerity package to unlock its next tranche of aid before it runs out of cash in mid-November.
NEW YORK- Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthens after hundreds of thousands move to higher ground, public transport shuts down and the U.S. stock market suffers its first weather-related closure in 27 years (STORM-SANDY/ moved, pix, tv, graphic, by Daniel Trotta, 910 words). Politics puts Italy, Spain back in market focus.
NEW YORK, Oct 29- The euro slipped against the dollar and yen on Monday, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid. Unless Spain seeks a rescue, sentiment towards the euro is unlikely to turn positive, traders said.
*Brent oil falls below $109/ bbl, East Coast refineries wind down. Activity across all markets was expected to be thin as the Category 1 Hurricane Sandy neared landfall along the mid-Atlantic states of the United States, forcing shops, offices and share markets in New York to close.
LONDON, Oct 29- The euro fell on Monday, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid. Near-bankrupt Greece needs a comprehensive deal on an austerity package to unlock its next tranche of aid before it runs out of cash in mid-November.