The US and European leaders say they're prepared to intensify sanctions against Russia unless it moves to de-escalate the crisis in Ukraine.» Read More
A waiter accidentally spills a tray of beers onto German Chancellor Angela Merkel's back during an event last week. She reportedly wasn't upset. The 21-year-old waiter is quoted as saying she "turned around and grinned at me."
Greece has been sacrificed in order to build a firewall and the cost is a society that has to deal with tremendous austerity, according to Mohamed El-Erian, Pimco co-chief investment officer/CEO, who also believes the package will fail.
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, ahead of this week's liquidity injection by the European Central Bank, which market participants hope will alleviate tensions in the European banking sector. In Europe shares were up, with banks, many of which suffered heavy write-downs on their holdings of government debt in the euro zone, being among the top performers.
US markets look to open healthily in the green on Tuesday with European shares steadying on anticipation that the European Central Bank's second longer term refinancing operation (LTRO) operation would further ease balance sheet pressure among banks. Asian shares also ended higher on Tuesday as markets waited to gauge risk appetite that has been somewhat dented by worries over high oil prices.
Gen. Barry McCaffrey, NBC News military analyst, offers insight on rage over the Koran burning in Afghanistan and Vladmir Putin's stronghold in Russia.
What S&P's Greece downgrade means, a look at LTRO, and Sweden's currency is sensitive to global equity sentiment, says Rebecca Patterson, JPMorgan Asset Management. As a result, Patterson wants to buy the U.S. dollar vs. the Swedish Krona to hedge against an equity pullback.
CNBC's Sue Herera reports that S&P has lowered Greece's rating to "selective default."
CNBC's Mandy Drury reports on the slow start for U.S. markets, which have since recovered. Oil drops this morning, even though it's approaching $110/barrel. Oil-related firms higher on the day. Nine of ten S&P large-cap sectors trading lower.
European shares extend losses on cautious comments by Merkel regarding Greece. Banking stocks are among the day's top losers. Yields fall sharply at Italy's auction of 6-month bills. The German Parliament votes to approve of the Greek bailout package. Treasury Secretary Geithner says Europe has lowered the risk of catastrophe. And the ECB buys no government bonds for second straight week. With Joe LaVorgna, Deutsche Bank.
The Squawk on the Street news team breaks down today's market moving headlines, including Warren Buffett's plans for a successor, housing, and where he sees value in Europe.
US stock index futures pointed to a lower open for Wall Street on Monday on concerns that rising oil prices are threatening the fragile global economic recovery. European shares fell on concerns about high oil prices affecting company earnings and global growth, and as the Group of 20 countries said Europe must commit more money to fight the debt crisis before seeking their help.
US futures point to Wall Street opening down. European shares extended losses on Monday, with autos sharply lower on worries that higher oil prices would push up costs for industrial companies, and curb global economic growth prospects. Asian stocks also ended lower as the spike in oil prices, raised concerns about damage to the fragile global economy. But signs of fresh steps from the Group of 20 major economies to contain the euro zone debt crisis helped to support sentiment.
CNBC's Mandy Drury reports the U.S. markets are up on the day, as the Dow again crosses the 13,000 threshold. The Michigan Consumer Sentiment survey has risen for six straight months. Gap Q4 earnings plunge 40 percent. Kenneth Cole is up on the day on news that Kenneth Cole is looking to buy the rest of the company. And Netflix announces it has no plans to bring its service to the Blackberry Playbook.
European shares mostly higher on positive earnings results. Euro zone banks among the best gainers as they benefit from ECB's LTRO. Deutsche Bank shares jump as Merrill upgrades stock to buy. Lloyds Banking reports $5.5 billion loss and gives a gloomy outlook. German economyy contracts by .2 percent in Q4. Fiat may shutter two European plants if U.S. export plans fail. Draghi says euro zone on the mend after a weak end to 2011.
Jurgen Stark, former ECB Executive Board Member, discusses the European Union's handling of the debt crisis: "Mario Draghi is right to insist on structural reforms," he says.
Discussing why Europe should do more to cut spending, including early retirement benefits, with Tony Crescenzi, Pimco executive vice president/market strategist/portfolio manager.
U.S. stock futures pointed to a slightly higher open for Wall Street on Friday, with analysts expecting January's data for new home sales to show a rise. European shares were up on strong company results and expectation that the European Central Bank will lend a vast amount to banks at next week's three-year refinancing operation.
U.S. futures point to a higher open for Wall Street. European shares briefly turned negative on Friday as banking stocks pared gains, with Lloyds reversing earlier rises after announcing its 2012 revenue would fall. Asian shares crept higher as solid U.S. data improved sentiment, but gains may be limited by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent rallies.
CNBC's Rick Santelli says China poses a greater potential "contagion" threat to the U.S. economy than Europe does.
CNBC's Mandy Drury reports the U.S. markets are up after U.S. jobless claims hold steady at a 4-year low. Sears shares surge as investors cheer its revamp scheme. HP, on the other hand, sees profit tumble 44 percent. Boston Beer shares are also lower on a lackluster 2012 earnings outlook. And JD Power raises 2012 U.S. auto sales forecast.
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Dave Coplin, chief envisioning officer at Microsoft U.K., argues that many people should be more careful about how they use technology.
Manji Cheto, vice president at Teneo Intelligence, discusses the outbreak of the Ebola virus in Western Africa, the risk of contagion to other countries and the economic impact.
Adewale Tinubu, group chief executive at Oando, comments on the group's deal to acquire ConocoPhillips's Nigeria upstream business and what it means for the group.