Single one of its accounts was hacked the ceo of Palo Alto Networks will join us to talk about what can be done to stop these security breaches. Protecting our Financial System from hackers. Bank of americas chief operations and Technology Officer will also join us. Talk about what moves shes making to keep customer accounts safe in fact, kathy was just named the most powerful woman in banking for that reason. Shell join us coming up here. Looking forward to that but first, puerto rico bonds plunging after President Trump plenged to wipe out the islands debt following the devastation kautzed by Hurricane Maria we have to look at their whole debt structure you know they owe a lot of money to your friends on wall street and were going to have to wipe that out thats going to have to be you can say goodbye to that i dont know if its Goldman Sachs, but whoever it is, you can wave goodbye to that. That was last night then this morning, his budget chief mick mul vany tried to walk back some o
Will the move restore confidence in what was one of the worlds most valuable banks . Lets get the first word news. Sincenas exports drop february. Pressure on the one. Chairmango ceo and john stumpf has stepped down. Public outcry over accounts. He helped build the firm into the worlds most valuable bank h rockets driven by profits driven by crossselling. Kim snow will become ceo. Croatias president says the departure britains departure from the European Union on affected trading block. The country will remain anchored to europe. It is for you to decide whether it will be a soft or hard brexit that i would assume that the connections will remain very close area. U. K. Housing market strengthened after the shock of brexit faded. That is according to the Royal Institution that says values also continue to decline in central london. Incur government Prime Minister cut short the provincial trip to return to bangkok saying he was prepared for an audience with the crown prince. Concern over
A. M. In london. It is just gone midday. Welcome to Bloomberg Markets middle east. It is a session where the markets must be questioning whether this trumpet rebound has been getting a little bit ahead of itself. This is upse half a percent. Elsewhere around asia we see quite a bit of the selling. Pressure,te a bit of pressing pause on the declines we have been seeing. Tracy in the middle east, we will take a look at the stocks we have had. It is just under two hours away from the opening of the emirate market in dubai. Here is what the benchmark index closed out yesterday. Dubai some fireworks in stocks in particular and abu dhabi, up 2 each on their indexes. A lot of that coming through on optimism about further mergers in the industry. Dow was up 2. 4 almost yesterday. Quite a big move here in the region. Lets take a look at how the rest of the trading day shapes up. In the meantime, first word news. Boj has announced its first operation cut, and unlimited amount of bonds at a fixed
We are less than 48 hours into 2014, and the northeast is bracing for its first severe winter storm of the year. Its expected to wallop a wide stretch of the eastern see board from washington to new england. The powerful storm is threatening to bury parts of new york and boston under a foot of snow, a winter storm warning has been issued. The storm could become a blizzard with the metro area experiencing facenumbing temperatures nearing negative 10 degrees. New york governor is considering closing the major highways as a precaution and in massachusetts they are preparing for the worse, declaring a snow emergency with 18 inches expected in some parts of the state. In advance of the storm boston mayor closed city schools through friday. Erica pittsy is live for us. Snow ploughs and trucks are ready for a significant storm. Good morning, erica. Good morning stephanie. In new york city trucks filled are out prepping the road. Thats likely the case. Since this storm expected to dump a foot
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