Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, they are panicked at the thought of the bernie nomination but there is still bloomberg. He says even if he doesnt do well today he is not bowing out. Democrats are locked in a 3way battle, totally split, at war with themselves. Just wait till you see joes latest gaffes, that is plural. Varney and company is about to begin. Tomorrow is super tuesday. I was waiting for a black man to pick me up and
We are live from bloombergs European Headquarters. We are just getting some breaking news in terms of the euro pmi. It climbs to 51. German number, a little editor, french number, little weaker. The focus in the eurozone remains greece. The new finance minister began the European Tour with paris yesterday, seeking support. In a News Conference with his french counterpart, he suggested that his country is addicted to loans and needs to break its dependence. For more, lets go to hans nichols in berlin. Tell us more about what he had to say yesterday. He clearly wants to keep open that finance window through the ecb. That is so crucial. He indicated that withdrawal is going to be a difficult process. Have a listen. We have resembled a drug addict craving the next dose. Do i believe that we should be taking another punch of loans . No. It is not that we dont need the money, we are desperate because of certain commitments and liabilities that we have. He was speaking in paris yesterday, mr.
Fazed. He says the penalties are not working. They are not working. In political terms. They may be having an effect on both sides in the economic area but not politically. Talks are scheduled to resume in belarus over the conflict in ukraine. Government bonds higher with global debt markets poised for the best january on record as stocks have the best start since 1989. Futures hell fell on the strength of the u. S. Economy falling three basis points in london. A beat for amazon and miss for google. The amazon c. E. O. Shows he can pull out profit posting net income of 214 million on sales of more than 29 billion. Sales surged more than 12 in extended trading. Different for gaggle. It missed sales and the advertising business faced more. It climb to 14. 5 billion and they were looking for 14. 7 billion. I. P. O. For shake shack. Raising 105 million amid strong investor demand. It sold five million shares at 21 each. It begins trading today. We will eat wings later. It is listed on the
No. Its not that we dont need the money. We are desperate because of certain commitments and liabilities that we have. They are promising to stick by financial obligations. The president will unveil his budget today. He wants a minimum 19 tax on future foreign earnings of usbased companies in addition to a 14 tax on 2 trillion in a stockpiled offs our offshore pilots. That is according to the near times. The Ukraine Forces have had recent setbacks. Nato is asking the United States for weapons and equipment. John kerry will visit the country on a thursday. Refineries are dealing with the biggest strike since 1980. They stop work sunday at nine sites after failing to agree on a labor contract. They had no choice. They rejected five contract offers made by royal dutch shell. After to exempt talking, they finally plate played and it was a big game. It ended with a late interception as the patriots won their fourth super bowl title. They barely beat the seattle seahawks. It couldve gone eit
Lacqua. Still to come, the hsbc whistleblower tells bloomberg well bloomberg speaks to the man who lifted the lid on the tax scandal. That is coming later in the show. Guy lets get to another major story. Boris nemtsovs murder. Thousands marching yesterday in memory of nemtsov. Francine Moscow Police estimated the number of marchers at 20,000. A Nonprofit Group of the number at 50,000. Ryan chilcote sent this report. Ryan this is the first opposition protest of the year, but it is no ordinary demonstration. It was supposed to be about economic woes. It is now a morning vigil the Boris Nemtsov, who was shot over the weekend. One of the opposition leaders organizing this very protest. This is the spot where Boris Nemtsov was struck down. He was going for a stroll by the kremlin. As you can see, thousands of people have come here to leave flowers and pay their respects. They just keep coming. There are many theories both official and unofficial, as to why Boris Nemtsov would have been kil