Liberal Democratic Party in japan. This is significant news because the economy minister is a key part of abenomics. Tom and people are looking in search of where it is going. This year we used a currency as a litmus paper, and i would say in this ugly january we are celebrating antiabenomics. But they need is the gift of a weaker yen. Francine but the problem is began as the haven. Lets get to the first word news with vonnie quinn. Vonnie thank you. North korea may be getting longrange missiles according to a japanese news agency. Earlier this month, kim jonguns regime conducted its Fourth Nuclear test. The news said that preparations are being made for a launch. North korea fired a longrange missile before each of its three nuclear tests. The government of sweden they reject almost half of the 163,000 refugees who seek asylum. Offering thetial government had to backtrack, and they are sending back thousands. Irans president house on rouhani is in paris, meeting with francois hollande
Caroline at incwe want to get perspective, tom. We want to get the idea that this extraordinary Volatility Oil prices, stocks following eike a lost puppy will we se what is happening in the markets reflect on the overall economy . The eu cutting growth figures for gdp that is a market d circumstance. Tom im bringing in vonnie quinn before she does the news. It really shows the growth tension. Vonnie and the inflation forecast, cut by half. That is a huge move. Also assuming brent crude at 35. 80 per barrel, down from 42. 50 per barrel. Tom and this set that up perfectly this morning. We will look at the bank of england, announcements coming out, and David Rosenberg will join us in the next hour. He is adamant that deflation fears are overdone. Right now we need to check up with the news. Vonnie the euro strengthening. Days after they began the syrian peace talks, geneva has been suspended. Againste major progress rebel held areas, backed by russian airstrikes. Says syria talks will res
He was brought there as the muscle. He came with the gun, and unfortunately he used it. Reporter police say when person opened fire one of the bullets killed iisha, two others critically wounding a 19 yearold man who was helped by a good samaritan. He was shot, wounded all right here, blood, nails, and it was just sad. Reporter loss of the wonderful young life police say came at the end of what might have have been, just a Typical High School feud until they say person arrived with a gun and began firing. So something very small and trivial ultimately ended up in this young lady being killed. Reporter now captain clark says that the bullet that killed iisha traveled for half a city block, striking her in the back, as she was walking away. She never saw the accused kill her fired that shot. She died minutes later, on the lawn outside of the einstein Medical Center, the horror of the crime motivating detectives and homicide unit behind me who vowed this accused killer will be caught. Liv
I am francine lacqua. A flurry of bank news. Standard chartered has named a new box, bill winters. War on the this. Caroline hyde. Caroline, everybody has been sinking about who will take the job winters has been a perennial for every bank to be the next boss. You wonder why this one. They say in a statement that he is a globally respected banker and he has the right skills to drive it and conduct. Standard chartered has seen a series of scandals notably sanctions violations. This is why bill winters is coming in as a new ceo. He was really coceo of jpmorgan and went to set up his own asset class in 2011. There you see it. On the biggest independent commission on banking. A man who knows regulation, a man who knows response to the new working environment. Every single tank these to be negotiating. Every single bank needs to be negotiating. The logs ever serving ceo in u. K. History since the longest serving ceo in u. K. History. He almost tripled the assets to 90 billion. Very focused
Good morning, everybody. You are watching the pulse. Francine a big move at the top of a major bank. Credit suisse has named a new ceo. Guy hans nichols joins us from berlin. It is an interesting choice. Why do you think him . Hans you probably have to go with share price. Credit suisse is down 18 on the year. In terms of strategy, they may want an entirely new look, a fresh take on what is happening at Credit Suisse. Brady dougan had a reform process, but it was implemented fairly slowly. He was the last man standing but it was not yielding results. There were questions about how much litigation costs there would be. He did settle the claim about tax evasion. But there are other claims out there. How are you going to settle them . The new ceo has a close relationship with jack lew. Having a Good Relationship with washington may be something the shareholders wanted. They may have just looked at the share price of their Respective Companies and thought, we need a change, here is a stron