I am francine lacqua. Lets tackle the markets. We have a busy day ahead. In the u. S. , bonds, stocks are closed for president s day. If youre watching from the states, happy residents day. Happy president s day. On the rise. Im tishri japan i want to show you japan. Japanese yen falling for once. Lets get to bloombergs first word news with nejra cehic. Nejra chinas yuan surged in the most surged the most in a decade. The central bank support the Exchange Rate. The currency advanced the most july 2005. Ations hsbc has decided to keep its Global Headquarters in london, saying the u. K. Is an important and globally connected economy. The vote was passed unanimously on sunday. Hass these it hsbc remained there for 20 years and it is important for both investors and shareholders. Say they willders not consider a replacement until after the 2016 president ial election. Scalia died from Natural Causes in texas on saturday. Stocks and bomber could a close today. President barack obama will be
Turkey. In germany, chancellor Angela Merkel suffered a political setback. The antiimmigration alternative for Germany Party made strong gains in preset elections that were dominated by the refugee crisis. Support for her Democratic Union fell across the board. Donald trump is trying to counter a late challenge from john kasich and ohio. Polls show john kasich a be pulling ahead, and days before the primary there. His campaign has been overshadowed by growing violence at his events. Activist groups and supporters of democrat bernie sanders. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus and now to thed, markets with matt. Matt take a look at futures. We are down across the board. Not huge drops, but a loss of 15 points on dow jones. If you take a look at the indexes, or lets take out the s p and look at yourtodate, you can see we are at a level to almost where we back to were at the beginning of the year . Being unchanged for the year, which is co
This translates into what politicians in europe too. This translates to the markets. Tom it was remarkable to see the Turkey Bombing and the ivory coast attacks come out the same time. It showed that trend of International Relations drifting into the markets. That will be our theme. Francine lets get to the first word news with vonnie quinn. Bonnie turkey is responding swiftly to that car bombing. It killed 37 people. Warplanes hit kurdish militant camps in northern turkey. No one claimed responsibility for the attack. Rebels carried out similar attacks in the past. Militants linked to al qaeda say they carried out an attack on a resort town in ivory coast. At least 22 people were killed. Its the first attack in ivory coast. Population is evenlys evenly split between muslims and christian. It was a political setback for Angela Merkel. The antiimmigration party had its best showing yet in three elections. Merkel fellangela across the board. A Police Officer it was killed in an ambush. T
Its called the stack. Thats the way the stack works. There it is. Look at that. I see whats going on. The yen is weaker. The first time in eight days. You just have to laugh. All these Central Banks trying to hard to intervene. Japan desperately every time the central bank of japan does something, their currency gets stronger, not weaker. Instead of these half measur measures, why dont they pay junk bond yields to people to borrow money . Give them 13 , 14 . How negative can rates go . Can they go to why not inject money directly into peoples accounts . Just pour it in there. I like that. Much more effective at this point. You saw germany. The average yield is now zero. On friday it was 0. 01. They lost that now. Across the board, its zero. Whats the record for now negative . I dont know. You cant get 5 negative, can you . I dont see why not. Its not working though. This is what makes me laugh. Front page, lew urges imf regulators to get tough. Give me a break. Its ironic. Arent you st
Some people were a little disappointed by centralbank action, but i would argue that that that was more hawkish ends the boj is just trying to surprise us. Vonnie wringing their hands little bit. Nothing to impact the markets, and the new Zealand Central Bank doing nothing as well. Francine it certainly is. Lets get to the first word with nejra cehic. Nejra thanks. A shock today from tokyo. Japans at central bank has held off on expanding monetary stimulus. It has the yen surging and u. S. Stock futures falling. The bank of japan decided to take more time to assess the impact of negative Interest Rate. Policymakers are betting it will lead to more lending. Peace talks in syria have envoyd and as special wants russia and the u. S. To revitalize the ceasefire that is all but collapsed. Envoy ended two weeks of negotiations about setting a date to review. Authorities in france have now charged Salah Abdeslam in connection with the november attacks in paris. He was arrested last month in b