tokyo electron is up over 13%. south korean chipmakers under pressure on concerns of price raises on the back of the potential merger of the world's number one and number three chipmakers. sdhynix tumbled 2.5% today. for the same reason, samsung electronics slipped 0.7%. on that note, back to ross. >> thank you, sixuan, for that. you have to come over, as well. >>> on the stoxx 600, 8 to 3 decliners out-pating advancers. certainly 0.5% lower for the ftse, as is the xetra dax, cac 40 and ftse mib. a number of individual stocks that we're looking at today. thyssenkrupp is up around 4% as they have acquired a 5% stake in thyssenkrupp. the swedish government is trying to sell its remaining shares in nordea as it continues its exposure to risky assets. it's down around 2%. and bmps has sdlad roadway structuring plan seen as key to knocking over its funding. the bank said the postponement was due to complete formidable aspects. the fed will be pleased about the 2.6% yield that we god got immediately in the aftermath of t

only 54 will make the trip to tokyo. [ticking] >> coming up, the new bluefin tuna killing fields. >> and if this trend continues? >> all i can say is that if we carry on like this, we are bound to catastrophe. i mean, it's as simple as that. no more fish, no more industry, no more culture. >> the king of sushi continues when 60 minutes on cnbc returns. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's so

only 54 will make the trip to tokyo. [ticking] >> coming up, the new bluefin tuna killing fields. >> and if this trend continues? >> all i can say is that if we carry on like this, we are bound to catastrophe. i mean, it's as simple as that. no more fish, no more industry, no more culture. >> the king of sushi continues when 60 minutes on cnbc returns. with the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male annou

tokyo electron share holers get 3.75% of the shares. 68% of the xwand. and tokyo electron shareholders will own 32%. >> that's about 63.350 if you were to do it based on applied material is now. >> right. >> techo electron, we don't have a chart on that. >> stock is trading higher, applied materials. it closed at 1599. it's actually up 26 cents on this. really, it's more of a -- in bike tokyo electrons, more or less. >> yes. >> joining us now, michelle gerard. and where is ed? there you are. >> three times -- so it's up that much? >> 3.25. >> oh, no, i'm sorry win did it wrong. i was looking at the all time highs. >> they don't know where tokyo electron is trading. and it's in yen, anyway. >> you're right. >> how many yen? >> about 52 bucks a share. >> how many yen? >> i don't know. >> i know what the yen is in market caps. >> you do? >> yeah. because they put it in here. 2.8 trillion dollars, yeah. >> should we taper? no. >> yeah, yeah, they can't shoot straight, can anyone here play this game? some people saying this was just horrible, that we have no

only 54 will make the trip to tokyo. [ticking] >> coming up, the new bluefin tuna killing fields. >> and if this trend continues? >> all i can say is that if we carry on like this, we are bound to catastrophe. i mean, it's as simple as that. no more fish, no more industry, no more culture. >> the king of sushi continues when 60 minutes on cnbc returns. a have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, yeah, you know, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app.  you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spi

our tokyo bureau chief karen geogi has been in japan at the news conference. sony down 11% at the moment after the company slashed its earnings outlook, as well. head to our website cnbc.com to find out why some strategists are saying that time is now running out for the japanese electronics giant to prove that it can engineer a turn around of its struggling business. as for the rest of the chinese markets, the shanghai composite up by 0.3% at the moment. chinese pmi, 51.4 in october. up at a 17-month high. the official pmi, the hsbc numbers, 50.9 and low calling, as well, of money market rates coming down, as well. in australia, the s&p index finishing the week down around 0.25%. u.s. futures, the dow is down 73 points. the s&p off 7. this is where we stand at the moment. the dow is currently some 26 points above fair value. up 2.75% for the most of october. the s&p was up 4% for the month of october. at the moment, it is trading 1.5 points above fair value and the nasdaq at the moment is around 6 points above fair value, up over 4% for the month -- sorry, up

. >> tokyo 2020. the markets cheer the big olympic win, but should you buy the hype? >>> and street buyite. this is what happened last time ross was on fast money. >> i'm neutral on stocks. >> why? >> find out why this chart watcher is changing his tune. >> first let's get straight to our top story today. >> so what are you best bests right now to play the good times? it does seem like they are rolling once again? >> i think a couple of things happened today. it somewhat takes the hard landing fear of china off the table for now. then you had syria. so all of that led to a very positive market today. i think in the u.s. you are probably looking towards the next catalyst. we probably priced in too much of a taper. now you will have to get going into the fomc the u.s. market is probably a buy for a trade. >> what are the charts telling us? it has been a strong september so far. the s&p has recouped about 62% of august losses. >> i actually don't like the united states. i think you are much better in the short term in emerging markets. they look much better against the u

we have more on this story from tokyo. >> hi, ross. the internet marketplace giant ceotani says he will quit an advisory panel headed by abe showing strong new strict regulations that restricts online sales. the government says the new rule will ban online sales of stronger, new drugs in order to protect consumers. there was a press conference in tokyo in afternoon arguing there is no guarantee that buying drugs face-to-face is safer than ordering them on the internet. in january, the supreme court ruled against a ministry order banning all online sales of otc drugs as unconstitutional. since then, there's been virtually no regulations banning other web market operators to sell drugs freely online. that's all from nikkei business report. back to you. >> all right, thanks and have a good evening in tokyo. we will be back in the japanese capital a little later with kaori for another update on toyota. meanwhile, a host of global banks are nearing a multibillion dollar settlement. the last two year, competition regulators have been probing

martin schulz in tokyo. if you have any thoughts or comments, e-mail us, worldwide@cnbc.com. >>> on today's show, stress tests are welcome as cnbc's paribas. after the break, we'll be in paris to hear what else he had to say. >>> dublin is host ago summit with the top web companies and entrepreneurs. within the next half an hour, we'll go there to talk to two rising stars on the internet. ryan holmes and karen levie of gox. >>> but the glory is fade iing an oil company files for bankruptcy. we'll discuss that and a big earnings story. >>> now a recap of the headlines today, more liquidity will avoid a shock ending to ltro. >>> auto a big earnings day across the world, alcatel lucent, some suffered in the european open, but shell stocks hit the skid. >>> and in the u.s., facebook beat forecasts, but worries persist over a dwindling younger audience. >>> plenty of werings in europe today. third quarter profits coming in below estimates as refining margins and disruptions in nigeria take their toll. we'll be jo

we have the story from tokyo. high mikika. >> reporter: hi, ross. prime minister abe said they need to take quick results. he'll deal with a growing amount of radioactive water at the plant. up until now the contaminated water was dealt with the plant's operator tokyo electric power or teppco. since multiple leaks have been detected from which 300 tons of contaminated water may have escaped, the government has decided to take more of a proactive role. it plans to dip into a government fund to help deal with the radioactive water. they're going to build a huge ground underwater to stop the water from flowing into the ocean. the city of tokyo is warming that the leak may harm its bid for the 2020 olympics. this shows tokyo's levels are at par or below new york, paris or london. >> makika, thanks for that. more economic red flags are going up in indonesia. a surge in imports led to a record trade deficit of $2.3 billion in july. investors have become increasingly concerned about the deficit. august inflation has clocked in as well at its highest level

tokyo governor now says a chairman of the committee has been reiterating that tokyo is one of the world's safest city and has a substantial hosting fund. prime minister shinzo abe left the g-20 summit in st. petersburg earlier today to attend the ioc meeting in buenos aires. he'll take part in the final presentation on saturday, a highly unusual move for a japanese leader. even japanese royalty who attended the meeting to thank the world for supporting the 2011 quake and tsunami, but the situation in fukushima has been a thorn in the bid committee's side. representatives continue to assure the ioc the city has been unaffected by the leak of radioactive water and the government plans to use nearly half a billion dollars to fix the problem as soon as possible. back to you. >> thank you so much for that. >>> emerging markets have been route on the expectation that the u.s. fed is set to turn the cheap money taps off. are investors overreacting? we talk to julio velarde right after the break. >>> welcome back to the show. an improving jobs picture in the u.s. will raise the prospect of the fe

to tokyo. another 787 flying from tokyo to san diego showed problems with the braking system and had to return to tokyo. carriers are extra sensitive with any problems with 787s. the incidents led to a fall of $50 million in naa's operating profit while the other shares why down $26 million. back to you, ross. >> thanks very much indeed for that. we have some notes out from the bank of england. they say the systemic risk survey. a sharp increase of u.s. sovereign risk. high impact of u.k. financial systems have fallen and the survey suggests there's a fairly fair degree of confidence and stability of the financial system. that's seeing a rise. there are also some fears over the fast return of rates to normal levels and rising fierea about the environment and rising real estate risks. the real estate risks we are going to get into coming up fairly shortly. if you have any thoughts, of course, on that, you can e-mail us worldwide on cnbc. british house pricing fell in november month over month. w

. >> do you ever just get out and walk around in tokyo? >> i do, though i don't shop. there's nothing my size. >> sir howard stringer, when 60 minutes on cnbc returns. ♪ ♪ fly me to the moon ♪ let me play among the stars ♪ and let me see what spring is like ♪ ♪ on jupiter and mars ♪ in other words [ male announcer ] the classic is back. ♪ i love [ male announcer ] the all-new chevrolet impala. chevrolet. find new roads. ♪ you i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instead of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgraded experience comes from listening to our cardholders. visa signature. your idea of what a card should be. >> in june 2005, sony appointed sir howard stringer its chairman and ceo. he was the first westerner to lead what is the epitome of japan incorporated. once a nimble innovator known for the coolest gadgets, sony had lost mone

as we understand it, it was preparing to take off for tokyo narita when there was a fuel leak for one of the engines. crews have been there responding. it doesn't appear there's a threat to any passengers or crew on board. the issue for investors, particularly those in boeing stock, is whether or not this is another problem for the dreamliner. >> yes. >> i want to get back to that note we were talking about. he put out a note saying, listen, dream liners had noticeable progress when it came to ramping up production. investors are walking on egg shells when it comes to this high profile program. the sooner the solution -- talking about the fire investigation -- sooner fined a solution, the sooner a bounceback in the shares. clearly that's not happening today. with regard to the incident yet. ntsb tells me they expect to have an update on that investigation later today. we were talking with airlines earlier today and they said, listen, dreamliner flights have continued as scheduled. we know there's an issue with the one that was just about to take off from boston. take a look at the num

we have the story from tokyo. >> hi, ross. tokyo is proposing a low tax zone for foreign companies and offering access to excellent education and health care. they are expected to present data at a meeting of the national governments council on industrial competitiveness, which started about 20 minutes ago or so. the plan is part of prime minister shinzo abe's strategy for accelerating economic growth. possible locations for the zone include tokyo's central wards and bayside areas. with the new zone, official aims to bring at least part of tokyo's corporate tax rate close to those of singapore and hong kong, which is around 17%. but given the problem of finding source of offsetting revenue, the proposal faces a difficult passage. back to you, ross. >> all right. thank you so much for that. >>> tax reform on the top of the agenda leads to brussels as well. european policy members discussing a wider cap on bonuses. jul julia's been speaking to martin schulz. sorry, she asked him if tougher limits would hurt the european banking

tokyo number one at more than 461,000 millionaires. the reasons behind this, and there are a lot of rich people in japan. we talk about stagnation, but so much wealth was created in the 1980s. in the wu we kind of spread or wealth around. the jan, the population of millions nars to the population in general is concentrated in the big cities. >>> very interesting the kayla, despite twists, delays, turns, the bike share program may finally be kicking off in new york. tell me about it, why is it ready to go now. >> reporter: that's at least the plan in theory. it's set set for a launch on memorial day. i'm told they're in the process of install some of the bike stations north of 45th street here in manhattan, but there have been issues ranging from learned sandy destroying some of the bikes to legal issues over some co-ops, suing the program because they didn't want the bike stands outside of their buildings, but all told, we are expected that the stations will be completed and it should be launched memorial day. but we will keep you post

that's the latest from tokyo. but with terms like abenomics and abegeddon making the rounds, we want to know, what's your favorite or even most hated market buzz word at the moment? let us know. e-mail worldwide@cnbc.com, tweet @cnbcwex or @rosswestgate. keep our eyes on that. >>> meanwhile, let's check in, if you just joined us today, on the state of the global markets. chloe cho kicks us off from singapore with this report. >> another negative session here in asia with big losses piling up in japan, down 3.8%. much of this being blamed on disappointment over no surprises coming from abe's third arrow. there were plenty of numerical targets but no real tax relief as higher tax rates are set to kick in just under a year's time. pm abe is set to unveil more details next week and some more after upper house elections in july, yet, skepticism is already kicking in. also, we saw the bond yield rates go higher as well on the ten-year. remember, we have a 30-year debt auction tomorrow, and whether that sells off is goin

we'll discuss the battle of the bids from tokyo, next. the blisters were oozing, and painful to touch. i woke up to a blistering on my shoulder. i spent 23 years as a deputy united states marshal. we'd get up early and, and stay up late. there was a lot of running, a lot of fighting. i've been pretty well banged up but the worst pain i've experienced was when i had shingles. i was going through some extremely difficult training, and i couldn't do it. when we were going through pursuit driving, i couldn't put a seat belt on because the pain that would have been caused by the seat belt rubbing against the shingles would have been excruciating. when i went to the clinic, the nurse told me that it was the result of having had chickenpox. i had never heard of shingles prior to that point and i had always been relatively healthy. the rash, the itching, the burning that i experienced on the side of my neck and my shoulder, i wouldn't wish it on my worst enemy. >>> now, daniel loeb's battle to get sony to spin off its entertainment unit continues

we'll be in tokyo in a few moments. president obama delays a key provision of his signature health care law and a fresh setback from the white house. former presidential adviser piper malgom will weigh in. asia's largest ipo of 2013 made its traying d itrading debut to. were some left with a sweet or sour tastes in their mouth? we'll be in hong kong for the latest after this. i want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ >>> that wasn't a big splash many investor were hoping for, but asia's biggest ipo managed to outperform the markets in tokyo. suntory rose 1.5% in the trading debut after they raised nearly $4 billion. the sel

kaori joins us for more in tokyo now. >> hi, ross. this kind of loss we haven't seen since the days after the march 11th disaster since the fukushima nuclear reactor explosion. it's been a long time since we've seen this panicked move in the equity market. it was pretty much a free fall throughout the afternoon session ending on the session lows on extremely high trading volume. trading volume had been kicking up, but today it hit a record high. what's problematic about this and there are lots of factors that triggered the sell-off. the comments from fed chief bernanke, then the comments from kuroda who didn't go out of his way to aplay the concerns of the volatility of the jgb market. that may not seem like much, but when you consider that it's risen from 0.3% at the start of the month and when you also consider the fact that japan is heavily indebted and more imminently a problem for japanese government who hold most of the japanese government bonds. and why this is problematic is because they're facing a huge paper loss at a time w

. >> do you ever just get out and walk around in tokyo? >> i do, though i don't shop. there's nothing my size. >> sir howard stringer, when 60 minutes on cnbc returns. ( windnd blowingng ) whwhen buyining a car,, we a all want t to save e . trtruecar'ss certrtified dedealer netetk hahas sold o over 750,0,000 cas to t truecar u users, and sasaved themem ovover one b billion d dollars. so when n you're r ready to buyuy a car,, makeke sure yoyou never r ov. go t to truecacar.com, and fifind out h how much h y you u can saveve. guaranteteed savinings. a hasslele-free exexperiencece. visisit truecacar.com. >> in june 2005, sony appointed sir howard stringer its chairman and ceo. he was the first westerner to lead what is the epitome of japan incorporated. once a nimble innovator known for the coolest gadgets, sony had lost money in 2004 for the first time in a decade. stringer was given the job of turning the corporation around, and in january of 2006, six months ago into his new his job, sir howard told leslie stahl that not being japanese meant that he could shake the com

the headlines, market shanghai, tokyo reverse early losses. they shrugged off data while the japanese business mood survey turns positive for the first time in nearly two years. nokia has agreed to merge with siemen's. analysts cheered the deal but worries about the telecom group's cash position. the opposition protests in egypt called on president morsi to resign. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to the show. we had issued with the mikes. we have data out of the eurozone. manufacturing pmi. showing some signs of stabilization this morning. the final eurozone posting the index up to a 60-month high, 48.5 in june, but below the break-even 50 level that divides growth from contraction. some interesting numbers as far as this is concerned. spain up to 50. that stabilized easily. that is still the 23rd month of contraction since the high in july to 11. factories also reducing head count last month, but at their slowest pace since march 2012. for germany, factory outpu

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tokyo-based firms payed an effective tax rate of 35.64% in fiscal 2012. one of the highest in the world. prime minister abe has already called for tax breaks to promote capital spending as part of his economic growth strategy. but such narrow incentives would do little to stimulate domestic investment and he fears that just raising the sales tax could delay his goal of ending deflation. the government is also looking to pass additional capital spending incentives this fall. it is essential for the government to carry out both deregulation measures to boost the economy, but a loss of tax revenue would hit japan hard as the country has a debt more than twice as big as its gdp. back to you. >> thank you for that. >>> japan's core machinery orders continue to fall in june, down 2.7% month on month. but the good news is the job was much less than the 7.2% fall that analysts were anticipating. still, the weak capex is headed for shinzo abe as he mulls whether to press ahead with a sales tax hike. >>> minutes from the bank of japan's policy meeting shows central

a couple of big movers in tokyo. sharp climbed more than 4% today on reports that it will post a smaller than expected operating loss in the june quarter. softbank also gained 4% on news that china's alibaba has tripled its net income. and softbank has around 30% stake in this chinese e-commerce giant. chinese property stocks lost ground today on worries they will face finance and difficulties in tightening measures. this after the latest data showed that despite size of moderation, china's average new home prices were still up nearly 7% in june compared to a year ago. south korea, samsung electronics launched its new storage technology to expand its footprint in this memory devices market as smartphone sales slowed down. the stock lost over 2% today on some profit taking after yesterday's rally. also weighed down by u.s. pier intel beat revenue forecast. lg shares tumbled 3% on concerns of slowing tv demand. back to you, karen. >> sixuan, thank you very much for that. >>> let's give you a look at what is coming up o

tokyo market is raeblthi ireacts news. the yen against the dollar currently trading around the upper 99 level. a dealer at a japanese bank said the news report led investors to sell the yen and buy the dollars. summers does not seem as keen on monetary easing as the other potential candidate for the job, jan the yellen. >>> larry summers may be the leading candidate to succeed ben bernanke as federal reserve chairman, but most americans couldn't pick him out of a crowd. the nbc "wall street journal" poll finds 69% don't recognize summer's name or have no opinion on him. among the rest, more than half describe their attitude towards him as neutral. and of the 13% who did express a view, it was largely negative. americans are cast ago slightly more positive eye towards congress. the latest "wall street journal" poll shows the gop is now rated higher than democrats on key issues such as handling the economy and foreign policy. democrats' long standing views such as on health care has been whittled down. public sentiment turns

in japan, tokyo electric power shares gaining as much as nearly 5% in early trade. today reports that the government may step in to help deal with this toxic water problem. but shares reversed early gains along with the broad-based sell-off on the japanese market, ending down by 1.4%. meanwhile, sony shares continued to sell off in today's trade, after rejecting 30 point proposal to spin off its entertainment unit. the stock tumbled over 4%. let me quickly show you the resources space. australian miners took a double whammy on weaker commodity prices, while australia's high court upheld a controversial mining tax. fortescue metals tumbled almost 5%. chinese property developers showed pockets of strength today after vanke's report card shows a demand in the sector remains resilient. more on that later in the show. vanke shares gained a modest half a percent today, gemdale adding .8%. and poly real estate gained over 3% in today's session. and that's all from me. back to you. >> all right, sixuan, thanks for that. first it was richard fisher, now charles evans who is

now this story is live from tokyo. it sounds like we should keep an eye on these banks this morning, as well. >> yes. pushed by rising stock and bond prices, japan's three major banks are to close higher than expected profits for the fiscal year that ended march 31st. the nikkei reports that the combined net profit of the banks is set to reach $21 billion. net profits at mitsubishi is expected to be the largest at around $8.4 billion. mizuho financial group's profits grew to between 5.2 and $5.7 billion. the noishls 225 has climbed some 2,000 points in the month through march and this narrowed the bank's impairment losses. sales of trust funds have recovered, too. the fall in the nation's long-term rates has played a role, too. japanese banks are now earning largely from jgb trading as their main businesses weakened. bank of japan's decision to step up monetary easing and expand jgb purchases will mean a lot to their current fiscal year earnings. given the boj decision today, japan's long-term interest rates dropped to

and months after helping tokyo win the 2020 olympics, its governor is stepping aside. he says he doesn't want his personal issues to cloud preparation for the 2020 games. the japanese prime minister shinzo abe says the resignation won't hinder olympic planning. >> investors in hong kong are showing strong appetite for new listings. shares jumped 44% on their debut on a highly oversubscribed play on the funeral business in china. meanwhile, constant farmer and carrie logistics stau a pick up from their offer price. but over in aus trail tralia tr a major listing was down 7%. recent deals haven't offer enough to new shareholders. >>> aia group confirmed it's beaten four other rival toes a major distribution deal. citibank will sell life insurance through its asia pacific offices for more than 50 years. the deal is valued at more than $4 billion. metlife, prudential were the other firms that had submitted final bids. aia shares up from the broader hong kong market today, up around 0.6%. >>> meanwhile, chinese equities underperform more asian peers with ongoing liquidity c

indian prime minister is in tokyo for a three-day visit. he'll hold talks with his counter party this wednesday. the uk newspaper says japan lost -- on infrastructure projects. he says he would like a deal on nuclear energy, japanese and proliferation may be hard against this. meanwhile, japan is offering help and investments for mima. shinzo abe wraps up a trip in 36 years. japan extended half a billion in aid. tokyo agreed to write off nearly 2 million in debt. >>> and the eubrazilian preside has vowed to rekindle ties between brazil and emerging economies in africa. overall, 12 country res said to benefit from the write-off, including tanzania, congo and zambia. let's give you a look at what's on the agenda in asia tomorrow. australia releases q1 current acts, india with tata communications, petroleum, india's hindalco is also set to report number pes. >>> st still cocome on the show today, multi nationals have come under heavy criticism for tax havens. we'll be joined right after the break with more. [ male announcer ] i've seen incredi

carrie is with us in tokyo. >>> hi, ross. you know as you pointed out more than 800 points shaved off the nikkei 225 again today. this is a loss of more than 6%. means the market is trading at levels we saw before the bank of japan's monetary stimulus was announced on april 4th. we talked about these big lurches several times. but this time around the pace of the decline in the dollar/yen. big drop in the dollar/yen in the asian trading session which exacerbated it. hard to pinpoint exactly what was the trigger point. there was a little bit of talk that government officials and the bank of japan have not paid as much lip service as they would have expected in these times of volatility. particularly when the governor went to see the prime minister around lunch time and emerged from that meeting with very little else to say than the standard line they won't comment on day-to-day market operations and expect volatility to calm down and recovery scenario is intact. at the end of the day we're trading at 12,445. this is the second

but real estate stocks lent some support on hopes that construction demand could pick up as tokyo bids for hosting the 2020 summer olympics. meanwhile, australian gold miners powered ahead tracking the strong prices in recent sessions. kingsgate rallied some 4% to 6% today. back to you. >> thank you very much. we'll talk to you a little bit later on. joining us live out of singapore. >>> now, it is, of course, the run-up to the germany elections. and we're very closely going to be covering this a lot more, obviously, up to the actual elections take place in september. our reporter joins us in munich. good to see you. it's monday. a fresh week. >> reporter: yes. a fresh week and me being in munich to actually speak with people here on the ground, what they think about the government, what they want from the future government, but as well as caught up with entrepreneurs and spoke with them about their business climate right now in which they are operating. munich very economically successful area, probably the most successful area among german regions with unemployment at below 4%. last

and there was another electrical fire after a japan airlines flight out of tokyo. let's get down to the new york stock exchange. jim cramer joins us. i don't know how much you've been able to see, jim. but byron thinks the s&p, that we could have a down year in earnings. and he gave some different reasons. that definitely would be a surprise. it's not necessarily a prediction. he is just getting people thinking. what do you think? >> look, i love byron. i have been since i first had dinner at his place 25 years ago. it worries me, because i know how right you've been, the surprises do come out. i point out perhaps the united states is not the best place to invest this year. and your china, what you're saying about china is interesting. the fact, frankly, that there is no tipping point yet worries me the most. until we get the wakeup call, i don't like the s&p 500 in this country versus other countries, byron, i just don't. >> yeah, i think the big problem is, earnings are decelerating, and most people don't recognize that. >> decelerating is different than dropping

that is happening wednesday mid day in tokyo hours. he'll be able to update ow on that in about 20 hours time. on the day, retail money coming back into the equity market here in tokyo. fairly steady trading in the jgb market, as well. on that note, i'll toss things over to london. ross. >> kaori, thanks very much indeed for that. we are up in european trade. down at the low levels for the session. as far as advancers outpacing decliners about 6 to three on the dow jones stocxx 600. we just bounced off the low of the session about half an hour ago or so. we are up, basically claug back the losses from yesterday. not quite, though, when you take a look at the individual boards today as far as european stocks are concerned. we're up around 0.6% for the ftse. the cac 40.4%. same for the xetra dax and ftse mib up 0.8%. >>> we had new car registrations out of germany. down nearly 10% for the month of may versus a year ago. also autos here, the worst performing sector as a result. even from the january to may period, down 8% on -- in general

tokyo won the 2020 olympic bid. the yen is below the 100 level. the aussie dollar getting a nice boost from the chinese economic data. the impact from the elections wasn't too big so you're a dollar at 1.3180. russia and syria are urging the u.s. to convene peace talks rather than focusing on military action. the foreign ministers are speaking in moscow right now. we will keep you updated, of course, on their comments. >>> and u.s. secretary of state john kerry is due to hold a press conference with u.k. foreign secretary william hague. we're waiting for it to begin and we'll bring it to you live as soon as it starts. we'll be back in just a second. >> announcer: you're watching "worldwide exchange." >>> welcome back to the show. let me update you on the latest coming out of syria regarding syria. russia and syria are urging the u.s. to convene peace talks rather than focusing on military action. the two foreign ministers are speaking in moscow right now. we will, of course, keep you updated on their comments. >>> meanwhile, of course we're still

we have the story live from tokyo. >> tokyo revealed plans for $170 million solar power project. last year the government set up funds to invest in power plants and this money will cover 20% to 30% of the cost. each plant will be built and operated by private companies. the facilities are scheduled to go online this year at the earliest. tokyo is hoping this will encourage the use of renewable energies and promote competition in the utility industry. many japanese companies are eager to get a foot hold in the electricity market because of the country's power shortages. this was caused by the closure of nuclear power plants after the quake and tsunami. a restaurant operator decided to construct a solar farm in northern part of the japan, with $50 million investment to earn income from southern electricity. trading invests $350 million in four solar power plants in eastern japan, making it one of the highest capacity solar facilities in the region. carolin, back to you. >> thank you so much for that. >>> there is just over two weeks to go until australia's federal election and the

we have this story live from tokyo. over to you. >> hi, another tank was found leaking contaminated water. part of it possibly flowing out into the ocean. tokyo electric power says it was not standing straight as it was built on a sloped area. still water was poured into full capacity leading to a spillage. chief cabinet secretary suga says the government will work with tepco to prevent additional leakages and reiterated the fukushima issue is under control. the nikkei reporting that they will get a new waterproof system in order to speed up the decontamination. the new system will be jointly developed by toshiba and hitachi and can purify toxic water to double the capacity of the current one much the government is steadily taking steps to resume operations of the nation's nuclear power plants. the nikkei is reporting that the system will be revamped. a number of hospitals will be ramped up to give immediate care to those exposed to radiation. that's all from nikkei business report. back to you. >> yukako, thank you. >>

ukakono has this story live the from tokyo. >> hi. the president will work with the private sector to stop technology being leaked to emerging companies. the government will call on more than 30 companies such as manufacturer and security firms and set up a forum in the intellectual property division in early june. the forum modelled after the overseas security advisory council will be set up as soon as july. under new guide lines, companies will find nondisclosure agreements with its employees, even after they leave the company. many of the technology leaks now are caused by those who have quit or retired. in 2012, nippon steel filed a lawsuit against companies such as south korea's postco, arguing that its workers have snuck out high technology information. companies and the government are facing urgent needs to prevent the country's cutting edge technology. that's all from nikkei business report. back to you. >> thank you very much. >>> start up madenets wants to leap frog roads in infrastructure by building a system using drones.

we'll get the latest from tokyo at 10:35 central european time. and greece's prime minister is meeting president obama as the imf is warning of a new capital short fall. is the u.s. the answer to greece's economic woes. we'll be discussing that with the country's former transport and infrastructure minister at 11:20 cet. and find out why companies are missing out as digital advertising takes off. we'll look at a potential winner and losers also with the wall street journal's john jeneron. and deutsche telekom warning of a profit slowdown in 2013 and looking toward north america for growth. where are the opportunities for this particular sector. we'll talk about that at 11:50 central european time. hope you had your pens and pencils ready. you can find us on e-mail as usual, worldwide@cnbc.com. and you can as per usual find us on twitter. but, again, just coming back to one of the stories breaking on our wires, we're hearing that there has been a quake in western japan. no tsunami warning issued according to dow jones news wires quoting media and m

but prime minister shinzo abe, is a rift brewing in tokyo? we'll talk about that when we come back. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> these are the headlines from around the globe. a $35 million advertising giant, but the deal will need clearance from antitrust authorities in as many as 45 countries. >> it's going to be delicate in its execution, but the sooner we get on to it, the better off we're going to be. >>> poor earnings and a stronger yen combine to send the nikkei lower. >>> president obama narrowing his choices for the next fed chairman. he says an announcement will be made in the next few months. >>> and the eu's foreign policy chief travels to cairo for crisis talks as a crackdown on supporters of mohamed morsi l

there were concerns over the close in tokyo yesterday. as for the early trading in europe this morning, you're going to see right now at least there are some moderate advances. and i mean very moderate. you're talking up only about 5 points in london. a gain of 16 points in france and a gain of 15 points in germany. here at home, the dow industrials right now coming off their worst day in four weeks. it was the climb of triple digits yesterday for the dow and it was all sparked by concerns of what was going to happen today in tokyo because there were aftermarket concerns there. we do have a number of key economic releases coming out today. at 8:30 eastern time, we get weekly jobless claims plus we get a second read on first quarter gdp. and then at 10:00 a.m., pending home sales. weekly jobless claims are expected to rise by 1,000 to 341,000. jgp is expected to be revised lower to 2.4%. and pending home sales are forecast to krez by 1.5%. andrew. >> tlanks, becky. we have a number of corporate stories to talk about this morning including

many are working in three joint emergency operation centers around tokyo. one of their biggest problems is getting a good look at the damaged reactors. surveillance pictures have been poor. >> you're dealing with the smoke. you're dealing with, you know, the debris. it's just very difficult to make such an assessment of the situation. i mean, you're trying to really scrutinize the pixels of the picture. >> the u.s. team is using cameras and sensors carried by drones in the air and robots on the ground to get a clearer idea of what's going on. no one knows what will happen at fukushima, but it's important to remember that even without this nuclear crisis, japan has already suffered a catastrophe. >> [screaming] >> coming up... >> what happened to the older man and woman who were holding onto you? >> i don't know. i don't know what happened to them. >> that's ahead when 60 minutes on cnbc returns. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into yo

we have the story from tokyo. hi. >>> hi, ross. the yen is hitting multi-year lows and more earnings reports are showing appreciation. mazda motor has more than doubled its full-year profit forecasts $277 million. that would mark the first yearly net profit in five years for japan's biggest carmaker by volume. the hiroshima-based firm said the fall in home currency and cost reduction offset sluggish vehicle sales. the end rate drives mazda's success as it exports 80% of the cars it builds in japan. the highest ratio among japanese carmakers. prior to announcing its results, mazda shares got the market pop along with toyota which also raised its profit outlook yesterday on the plunged yen. for my con another benchmark -- nikkon another benchmark. the camera company cut its full-year operating profit to $514 million from its november forecast of around $770 million. profits at the firm are being squeezed by falling prices of single lens reflex cameras. the sales of nikon's multimillion-dollar lithography machines were also slow last

we have the story live from tokyo. >> hello. nec asked pc business partner lenovo to take a majority stake in its money losing subsidiary, nec casio mobile communications. but the two parties could not come to terms after more than half a year of negotiations. the japanese electronics company now plans to focus solely on conventional hand sets. nec's decision underscores intensifying pressure for further industry consolidation. this comes amid competition from foreign rivals like apple and samsung. nec wants the domestic mobile phone leader has fallen to number eight with the market share of only 5% or so. number one apple controls about 25% of the market. with the scale of business being essential requirement for survival, the remaining 5 japanese cell phonemakers were also under increasing pressure to merge or retreat. back to you. >> thank you very much for that. >>> tech is going to be in focus on asia tomorrow with numbers due from tsmc, and tata consulting services. also numbers out from mahindra bank. in singapore, others

. >> we were talking during the break about this big investment conference you held in tokyo recently. biggest attendance you said? >> over 2,000 people, over 300 corporations, 3600 one-on-one meetings. we had -- >> 3600? >> 3600. a logistical, incredible feat to put this together. the room was like nasa, you know, where -- >> why did that happen? here in this country we keep hearing about the apathy of the individual investor, they're not in this market to a great degree yet. is that different in japan? >> japanese market is hot. a lot of things are working. abe, the new prime minister, is changing monetary policy, fiscal policy. now, a new era in his quiver is what they call the olympics. they just got the olympics announced in 2020. that's supposed to add over $30 billion, 150,000 jobs, probably about 0.6 in gdp over the next seven years. that's a big, big tail wind for the japanese economy. we're seeing it. >> i'm glad you mentioned that. when the olympics happen in japan, that will obviously mean infrastructure in japan. how are investors playing that? the nikkei average up, what

sony shares down 1% in tokyo. and sony's rival in the gaming console space, microsoft, held launch events in london, new york and los angeles to mark the arrival of the xbox one. the launch comes a week after the u.s. release of sony's playstation 4 and comes ahead of the critical holiday shopping season. the xbox one will cost around $500. that's $100 more than the ps-4. microsoft's shares are up 40% year to date. the xbox one launch coincides with another big gaming event. nintendo shares higher ahead of its release of the latest super mario game in the u.s. later today. nintendo will release a range of games to go with it. super mario 3d world for its wii console and legend of zelda for its 3ds device. reuters suggest shares are up on a good review of the games and a weaker yen. we'll get more on this with alex simmons from ign about the console battle at 11:30 cet. >>> elsewhere, spotify has reportedly raised $250 million in a new round of funding which values the streaming music company at more than $4 billio

. ♪ >>> a salon in tokyo has rolled out a new treatment that is getting second looks. beauticians put snails on the customer's face in a believe that the slime removes patches and moisturizes the skin at the same time. the beautician in charge of the snail treatment said it feels almost like a massage and the procedure is so relaxing, many customers fall asleep. don't fall asleep with your mouth open, the salon uses 5-year-old snails native to japan and can only service one customer a day. the price of this five-minute snail treatment, $105, and that is tonight's edition of optional viewing. time for the final call. scott? >> ick. >> if you missed the spike on facebook but you still have to get long, web extras about how to do that sensibly. >> brian. >> fear is rising in small caps right now. got to be careful. at least take some profits. rotate. do something with your money in small caps. >> mike. >> i also like calendars into herbalife earnings. personally, i'd stick with escargot. >> eat them. not on your face. i am with coe here. thanks so much for watching. check

the tokyo interest rate is an interest rate -- as i said before, it's a benchmark. the aim of the stocks between traders was to increase their banks' profits and in turn their own wallet. they had sensitive information of the type competitors normally keep secret. i repeat that officials have opted today and the euro and the yen cases are daesed to the companies that have agreed to settle with us. these companies have decided to turn the page and ignore their wrongdoing and their eu competition load. as a result, the vinvestigation was shorter than it would have been otherwise and there are two of the three capital settlements the commission has concluded in this to settle in an investigation that was introduced in 2008. the procedures or companies that participate in the settlement received a 10% reduction of the respective fines for agreeing to settle. barclay's in the euro case and ubs in the yen case received full immunity from fines because they happen the first to reveal the existence of the infringement to the commission. and the group receives immunity for f

that's the nikkei business report. >> that's the latest from tokyo. amidst the debt selling talks. the pent at that gone has arded nearly all 350 workers back to work. chuck hagel made his decision based on our pay military act which guarantees they would get their paychecks on time. the defense krotor has canceled its plans. >>> wall street banks and brokerage firms are going up to handle any firms who could have problems. trading platforms can process deals. sifma is counting on the treasury department to give notice before it misses changes. >>> the. u.s. dollar is heading for its lowest number. join the conversation here at worldwide exchange. you can get in touch with us by e-mail worldwide exchange. >>> also still to come, with ten days to go, the war of words continues as the looming debt ceiling deadline in the u.s. approaches. we'll discuss the potential fallout and what it means for investors right after this. >>> this is "worldwide exchange." i'm ross westgate. the headlines, the u.s. government shutdown enters its second week. as the wars continue over the spending and