It is a big day in europe. The ecb is in naples, policymakers meeting. This is one of the two meetings every year where they go somewhere else. Mario draghi has a lot to do with today. The abs program is front and center. How we get the Balance Sheet how will he get the Balance Sheet up to thre 3 trillion question mark . It is going to be about what is eligible to buy. The conversation around buying greek assets as well. The decision last month was not unanimous. A particular central bank was saying no, we dont want you to do this. Theres a lot of pressure on him right now. The data is getting worse over the last month. Plenty of questions today. Will we get the answers . The boss of one of europes biggest carmakers. He is standing by at the paris auto show with hans nichols. Good morning to you. Ceo ofjoined by the renault nissan. We will hear your and we will see your new minivan. It is an important vehicle for us. 30 years ago, we came with the concept of the minivan. It was copied
Over the price of oil. And the most talked about man in europe is set to arrive in davos. Thomas jordan faces the forum after last weeks spectacular change of policy. Hello. Welcome to countdown. Im mark barton. Im anna edwards. We have over loads of ceos. A lot of prime ministers. They companies over there. They are all here. What theyre talking about is the price of oil. That seems to be the subject everyone is focusing on here. How big of an impact will have on the Global Economy in 2015 . What will it mean for the businesses for their countries . Everyone is trying to figure that out. The pace of the change has been so dramatic. No one has an answer. It is interesting. We walked around. There were plenty of ceos and finance ministers that now work for banks. When you chat with them on oil and swiss franc is this off the record . And still try to figure out how to read into this. This is the crux of the problem. A lot of the sessions are full. You havent quite figured it out. Its to
Bomb for stocks. Hell tell you what it is and why this hour. West texas crude crossing below the 50 mark for a short time. Right now just a nip above it. This is a massive cold snap about to cover much of the united states. Snow, too. Already hitting some parts of the country. Its going to be a rough week for weather. Snow ice and freezing cold. The forecast is ahead. We give it all to you, including sue at the nyse. Hi ty. And stocks have been spiraling lower this hour. A big triple digit loss on the dow jones. But we want to take a look at the dow and markets through the prism of ets. You can see down almost 1. 3 . Qqq, nasdaq 100 and the iwm is the russell. Now, the Health Care Sector is traveling with a break even line today. Some people were calling that a safe haven earlier. Not so much now. The hardest hit sectors of the day, energy. Financials materials, also down considerably on the trading session. Now, the transports and ten year transportation average is now down almost 2.
We are going to start in athens. Eurogroup president jerome is set to meet greeces new government for the first time later today. It is a story that everybody is watching. We are trying to work out whether there is a mandate. We will talk about that in just a moment. Lets talk about sanctions on russia. This is also part and parcel of the greek story at the moment. Increasing violence in eastern ukraine. We are watching the story very carefully. There is talk of more individual stories here potentially more visa bans. Ryan chilcote is on the ground in brussels. What have you been hearing from the Foreign Ministers . Effectively, what theyve done is kick the can up to their bosses. February 12, the heads of state gather here in brussels. What the Foreign Ministers did last night was agreed to expand the black list of individuals subject to travel bans and asset freezes and also extend some sanctions that were imposed right after crimea was annexed. Those are sanctions light. One to 10,
He stressed that the government and police have been responding patiently. Three senior government officials, including the chief secretary, will meet with the secretary soon as demanded by the protesters. Leung is the second highest official. The representative of the Student Group said leaders will meet with officials but warned the protesters will completely besiege government buildings unless their demands are met. Really trying to open up room for this. The demonstrators are protesting beijings limit on voter choices in a newly observers say they want to resolve the situation because it will affect parts of china. Turkeys parliament approved a motion that could help join the campaign against islamic state. Also allow foreign troops to use the own tris territory for the operation. The resolution passed with a strong majority. The Legal Framework will allow the Turkish Military to send Ground Troops across the border if necessary. The United States and other nations can also station