I am Jonathan Ferro in london with tom keene in new york. It was a nondecision, but a hawkish hold . Tom Deutsche Bank said this was big. Jon ferro will speak with Alberto Gallo and then john andng and Richard Claro richard clret arida. Discussions include the u. S. And european allies, russia, and iran. Russia backs syrias president , that recognizes he is a roadblock to solutions. Trip toerkel began her china. A number of business deals are expected to be announced. The chinese will buy 130 airbus plans for 17 billion. A dramatic rescue saved 240 migrants. The greek coast guard pulled them from the sea. Three refugees died, including 2 boatren when their capsized leaving turkey. More than half a million refugees have reached a greece this year. The number killed trying is unknown. Republican president ial candidates try to break out of a nightsmarket last debate in colorado. It focused on dollars and cents. Marco rubio defended himself after a florida newspaper called him to resign f
Im guy johnson. Francine im francine lacqua. We are getting breaking news out of italy. Fourth quarter gdp figures, flat. Down some 0. 5 year on year. Guy not exactly the rosy outlook you would hope for, certainly not the progress you would have hoped for if you were mario draghi. Lets shift years and talk about what the central bank is going to do today. The recipient the European Central bank goes on tour once and a while and it is on cyprus today. Francine the ecb will talk about it bond buying program, how it deals with greece. Jonathan ferro is in cyprus for the meeting. John, over to you. Thank you very much, francine. That is the big focus today. Youve seen the markets react. What does it mean for the real economy and what does it mean for countries on the periphery of europe like cyprus eston mark joining me now is the former cypriot president , amanda took cyprus into the European Union. Great to have you with us this morning. Ive had a couple of people say the conversation th
That remains a mystery. But it is a mystery that a massive amount of resources are now trying to solve. We will have a live report and tell you what the next steps will be in that investigation. Meanwhile, after a terrible day for equities yesterday, we have seen stabilization today. This morning the action looked pretty negative. You have a lot of people concerned. It might be three days in a row. We have gone out and looked week. We turned positive within the last hour bill. But the dow currently as you can see there, is down about 30 points. The saudi bombing in yemen overnight pushed oil prices sharply higher. They just spiked. Pushed u. S. Crude above 50 dollars a barrel. I think it got to 52. And pulled back. When it got that high thats when other markets started to respond. Overseas markets were down as a result. But that has moderated a little bit as are our markets. Well get to that coming up in a little bit. With an hour to go yesterday we saw a bunch of selling pressure mate
Of course the increase in hostilities in various middle eastern countries, particularly saudis yemen, the u. S. Now adding air power in tikrit. Wti above 50 a barrel. Maybe its having an impact on the broader markets. Heres the tenyear note yield. Heard from lockhart he was with steve, saying soft soft in the economy. February was not a great month. No february wasnt. Our road map, it does begin irk with the selloff in the markets which is continuing. Futures lower. You saw that oil up saudi arabia, yes, it is striking in yemen. Sandisk is also under pressure this morning, after a tough day for Semiconductor Stocks. The company cuts its Sales Outlook and its stock is down as a result. And new, chilling details on that plane crash in the french alps. Officials saying the copilot deliberately downed the plane. More details as they emerge. A News Conference from lufthansa in the next half hour. Oil prices surging past the 50 mark. You saw that. Thats the First Time Since march 10th, after
All 150 on the flight from barcelona to dusseldorf were killed. But why did he do it . And what do we know about him . Our team of correspondents has been searching for answers and first well go to Mark Phillips in france. Reporter to the heartbreak and grief of the dazed families of the victims who have begun to gather near the crash site, shock and even disbelief have now been added. It wasnt an accident that killed their relatives on this mountainside. The french Prosecutor Says it was murder. The evidence comes from the battered but still readable cockpit voice recorder recovered from among the disintegrated wreckage of plane and people strewn down these slopes. For the first 20 minutes, the cockpit conversation is technical and normal, then with the plane at its cruising altitude of 38,000 feet, the pilot is heard to hand over control to his copilot and leaves the cockpit presumably for a bathroom break. Sound of a chair being pushed back and of a door closing can be heard. The co