This is the second largest market in the world. Obviously when the president of the United States says something, everybody listens. Francine and building bridges. Theresa may prepares for her first meeting with the incoming u. S. President. What will the socalled special relationship look like in 2017 . This is bloomberg surveillance. Im Francine Lacqua. With me this morning, hsbcs global chief economist, janet henry, and Stephen Isaacs, head of the investment at alvin capital management. We will speak to one of the city of londons is known economists, roger bootle. That is in half an hour. First to your markets. Chinas offshore yuan falling the most in a year to pair a weekly rally. Mexican peso climbing after the central bank sold dollars. European shares falling a touch. Asian equities next. The allimportant monthly u. S. Jobs report and oil declining a touch. Straight to the bloomberg first word news. Heres sebastian salek. Sebastian the offshore yuan has paired its record weekly
5 oclock. We will talk about how much longer these record temperatures will last. We are seeing a little slowing on us 60 right now. We had a crash blocking the left lane. This is a look at mill avenue, you are going to see heavy congestion. Lets give you a look at the big picture, besides that you are seeing delays on the 10 right now. I will map out those hot spot in just a minute. This was something else, talk about a wild pursuit. You saw it all unfold on the abc 15 mobile app. Less show you a map to explain this. There is the video on the right, the armed man leading police from phoenix to tempe town lake, and at one point went through the drivethrough believe that . It all ended, the shirtless man pulled out of a backyard right across from onto vista elementary school. We are still waiting on an update from police. It is being called the battleground blitz. They are crisscrossing critical states. This afternoon clinton will bring in a major hitter campaigning with first Lady Mich
275. A little bit of a slowdown on 54th as you can see trying to get through the interstate. We also have a crash at 126th avenue north. Leave yourself a few extra minutes there. I275 from pasco to hillsborough looking great from the apex to i4. Rodney . The re from hurricane hermine are just beginning. More than 125 homes and properties were damaged. The damage estimates in pasco county alone were 89,000. It would be cheaper to buy up the homes and move everybody out instead of dealing with the impact from flooding year after year. Lindsay, it sounds good but is are. Reporter for some people, that is a real possibility. A week after hermine came through, they are still pumping out thousands of gallons going out into the street onto ridge road. County leaders say absolutely buy up the homes and move us out. Other people say they are not going to go anywhere. The cleanup here will last few more days. Inside not to mention the repairs to waterlogged homes, parks and appliances. Areas alo
The true modern mixology whichs up drinks to kick things off. Its 5 00 somewhere. Were going to drink. Its going to be great. First the topic for today, valentines day is this sunday. I know youre like oh, my goodness, really . I have to make a reservation. According to a report, here is how much is being spent. 19. 7 billion, with a b, for valentines day in the u. S. If you divvy it up, about 147 per person. If youre celebrating. And get this, 53 of women say they would break up with their significant other if they got nothing. While 14 million proposals are made on valentines day, which is special. Thats why wewe ask you how do you celebrate the romantic evening . Do you stay home . Do you go out . Do you get a big thing of flowers . What do you do . Sounds like its an easy way to break up a relationship if you dont get someone from someone. Here is a test. Dont give her something one valentines day. If she breaks up with you, or he breaks up with you not meant to be. Goodbye. Forget
It was after all leaving for more because the university of chicago such as noble laureates Milton Friedman using simple rules of supply and demand who most forcefully pointed out the fragility of prohibition. This approach was ago by none other than one of latin americas most renowned and into his recent drug warriors, former mexican president Lupe Calderon took he acknowledged the failure of his own drug policies. The end of the term in 2012 he told the wall street journal the following, if the price of drugs goes up thanks largely to interdiction efforts and that demand is the same you will increased profits for your putting more incentives for participants in the market. He went on to say that it is clearly a textbook case for Economic System which is the more successful you are, the more criminals you are creating. This is precisely what the world drugs have been doing for over 40 years. Tom wainwright writes prohibition has driven up the price of a few cheap and cultural commodit