Police say two suspects sped off in a car from the scene. Theyre still looking for them. Sacramentos deputy chief just released new details within the last ten minutes. Its a very unfortunate altercation between two groups of folks who were enjoying the night life in midtown sacramento. This incident is not related to terrorism in any way. And we do not believe in any way we know its not related to what occurred in france. Officers say alcohol likely played a role in the attack. Youll remember stone and his two childhood friends from the sacramento area were credited with taking down a suspected terrorist on that european train. Our own Jodi Hernandez is headed to sacramento. Shell have more on this developing story tonight at 5 00 and 6 00. Just in to our newsroom, a stunning move for a majority leader kevin mccarthy. He is withdrawing his candidacy for speaker of the house. This is mccarthy explaining his decision within the last hour or so. The Central Valley congressman told collea
Iranian prison. He was one of four u. S. Citizens swap as part of a prisoner last week. I am emily chang. I am emily chang. This is bloomberg west. Another record quarter for facebook as it makes it in for mobile video and instagram. Share surpassed 100 in afterhours trading. Ebay shares tank. Apple,reet weighs in on who is cutting their price target and why . Facebook crushing fourthquarter earnings as the Company Continues to rake in ad revenue from video, mobile, and instagram. Overall revenue was 5. 8 billion, up 57 year over year. Shares spiking after hours, as 9 . As 9 , on news that about aandberg talked shift on a conference call. Theirthey want to reach customers where they are, mobile is essential. Our conversations with clients have shifted to how. Emily here with me to break it all down is our next guest and cory johnson. I heard you refer to facebook earnings with a word you have Never Associated with the company before fantastic. Give me the high points. What is so fantas
Going to have to find alternative ways of getting their items cheese, american chicken, nordic fish as Vladimir Putin poses imposes wide sanctions. How would that affect us here . Is it that significant . Scarlet fu has more. It is seen as not a major issue for the United States, partly because the headline sounds alarming, but the Economic Impact is perhaps less so. U. S. Agricultural exports to total are less than 1 of agricultural trade. Be exact. That is because russia has placed restrictions on food steps including pork, turkey, and beef, by imposing unjustified sanitary measures, from russian perspective, not u. S. Standards. A big plunge shortly after the financial crisis, but then a steady recovery since then. Of course, we have seen a big decline this year in 2014 as the russian sanctions took effect and the u. S. Responded to that. This is something to keep in mind. As for the europeans, it it might be more of a hit, particularly used in european farmers my see less of a mark
Diversified up. Bhb. Ave rio tinto and thatave the key areas mining resource stocks are rising. The bestperforming markets in anymore because hong kong is up. Most of us are seeing gains. Japan is closed for the holiday today. You look at the chinese performers and you see them up. You can see the chart. Indeed, only three decliners. See the properties and the resources. Those are key. I will give you a final snapshot with the pie chart. As the hong kong real estate performance. You see the financials and the banks. You have real estate in hong kong and china of 3. 5 . 3. 5 . Not one is seeing a decline and all are seeing gains. Are. Op three, there they 3. 5 . Nd very much resource driven. Interested. Everyone is asking if this is the beginning of a wrought are easing cycle. Oader easing cycle. So many are saying that they expected a rate cut the end of the year and they are calling it a surprise rate cut. The big banks are saying that the central bank will probably act again with ano
Draining liquidity. We understand from our sources. Looking at the nikkei there. As you can see, dollar yen. Traders got fed up trying to short the euro. They have switched the gun point back to probably higher statistical hit. Which is the yen. We are pacing the yen touching levels up around the yearend cause. It is around 125. Youre at a 12year low. The longest winning streak since 199. What happens in asia what is driving europe . Is it the potential for a grexit or a default in greece . Is that contained . Brinkman ship is dangerous. We have g. D. P. Numbers in the united kingdom. Eurozone confidence numbers later on in the day. The question you to ask yourself is will they reach any kind of marks and spencers in the u. K. Kingfisher popped up there in the top three stocks on the u. K. Opening sweep. Lets look at that. King fisher in line. 150 million pounds. Stock up 1. 8 . B. P. Down. The price target trading at 453 at the moment. 526. 5. The headwinds have abated but not disappe