Rose and so you began how. To know what theyre doing. Rose is it luck at all or is it something elses . A different light is pout it. Rose whats the object lesson here . I really love this country. Rose tell me the significance of the moment. Rose this was the week the pentagon committed more troops to the fight against isis. A california mass shooting had links to terrorism. And Facebooks Mark Zuckerberg sent out of mother of all birth announcements. Here are the sights and sounds of the past seven days. Sandy berger, former National Security adviser to president clintonidize at 70. Iraq, clearly we want to see a regime other than Saddam Hussein there. Rose another mass shooting. Based upon what we have seen and how they were equipped there, had to have been some degree of planning that went into this. The shooting in San Bernardino, california, left 14 people dead and 17 injured. Senate republicans rejected new gun control legislation, including the ability to bar suspected terrorist
London. Francine is not here. Shes been talking to santander. First, lets get you up to speed. Nejra Chinas Central Bank is said to have asked some chinese banks in hong kong to suspend offshore yuan lending. According to people with knowledge of the matter, the pboc also asked some chinese banks and companies to collect information about shortselling orders in the offshore yuan market. Tim cook admits he sees in china, especially in hong kong after forecasting apples first Quarterly Sales declined since 2003. Even with the Lunar New Year shopping season, china may no longer offset the broader slow down. Takenbank of scotland has 3. 6 billion pounds of additional charges to cover past misconduct. Th quarter charge includes a 1. 5 billion pound provision in relation to u. S. Mortgagebacked securities. That is your bloomberg first word news. Guy lets check in on the markets. Relatively quiet in some ways. This is the story. Ippingai comp round tr down half a percent. It was down 2 . A bi
Quarter of a percent. France also trading lower. We are going to wait for the dax to rampup in terms of equity trading. Were going to focus more on brent. Lets focus on commodities more than equities. This is where big moves are going to be coming. Crude oil is down by 9 10 of a percent. We are at 71. 96. Yesterday it fell by more than 6 . Why . Opecs decision to keep prices steady. They are not going to be reacting to the downward spiral in prices, losing more than a quarter of oils value. Could this make some shale projects in the United States lose money . Overall, we are seeing big moves in oil. Also, keep your eye on the currencies this morning. The euro is off. This is about the hope for more stimulus. Will we see it . We had german inflation really showing the problem mario draghi is facing. The german inflation rate in november declined. We are likely to see the eurozone fall lower today as well. Want to see more stimulus come from mario draghi. The president of the ecb said he
What we have got here is the Fourth Quarter significantly below recent profitability. Warnings for the full year. It is a double whammy. There are two parts to one is going down into the ground. And one is actually selling the product. They have got issues on every side. Exploration costs are rising. The value of the aussie dollar is a challenge for them. We have a new c. E. O. 4. Billion. Not as they expected. Well have more on that story. Down from 3. 8 . Jon, this is exciting for china mobile. They are starting to sell iphones today in china. 763 million subscribers over china mobile. They now can go out and buy the iphone. If you look at the queues outside the shop today, there were not any. They have all goran online. Gone online. It is not exactly new. The bigger issue is the china mobile has got it and you have a Massive Subscriber base to penetrate. All on iphones all at the same time. Manus, what else are we watching . Stoxx 600 closed down for the first time in five days yest
Actually had a profit. 274 million last year. Down 39 million and the market punish them. There is concern that Revenue Growth just is not fast enough. Thanks so much. We have plenty of Corporate News to talk about. And caroline, finally, microsoft, we think we may have a name for the new ceo. Five months they have been searching and it is likely to be the insider, Satya Nadella. He is gentlemanly, interesting, engaging. But he is not going to get on stage like Steve Ballmer and start shouting and sweating profusely. He is a little bit more range and then that. He knows the business and he is spearheading the growth of the business. Gates be leaving as chairman . That is what we are now hearing. He could be replaced by john thompson, who has been leading the search for the ceo. A lot going on at microsoft. Chiefave only had two executives. Satya nadella would be a third. What else are we watching . Abouthave talked emergingmarket routes. Now we have the numbers. Out of Exchange Traded