Killing scores of people and knocking out power water and communications. Residents are still recovering today. Id also caused multiple offshore oil spills. Active pipelines and platforms where the source of some spills, while a banded ones with no identifiable we wear this earths of others. I attributed identified from space, following a weather event since the government started tracking leaks and spills using satellites almost a decade ago. We shouldnt view this as a oneoff event or a freak accident. There are thousands of oil and gas structures in the gulf, including riggs, platforms wells, power cables and thousands and thousands of miles of pipeline. All posing environmental and safety risks. Some of this infrastructure is active and some is abandoned. But it is all aging in a growing concern for communities and wildlife impacted by spills, and also taxpayers that may be forced to pay for its eventual removal. As Climate Change super charges storms in the gulf, more powerful wind
Abramowicz i am jonathan ferro. Lisa abramowicz actually going to 731 lexington avenue and just making it in time. Good thing Brian Moynihan does not join for another 60 minutes. Lisa really, that is how we are going to start . I was prepared to be here early. Jonathan you want to trade . This will fill out for the next two or three hours. Brian moynihan will join us in 60 minutes. We want to start with the price action. We begin with dollar yen. Something truly historic just happened, something since not since 2007. The japanese yen is weaker even though weve just seen the first Interest Rate hike in 17 years. Lisa on one hand people were expecting this. Some of the rhetoric out of the central bank was not hawkish. They were indicating they were not prepared to hike again. That is why this currency pair is dead in the water. I do not understand this. This is what everyone was waiting for. Michael jonathan there is a big difference between the end of negative Interest Rates and the end
Our road map does begin with tech stock volatility. Adobe shares are tumbling. Microsoft, though, record highs. Tesla and nvidia, those stocks, at least recently for nvidia, saying its a struggle may be an overstatement, but they certainly have not been going up. The nasdaq 100 pointed to its first backtoback weekly loss since last october. Plus tiktoks owner, bytedance, on track to surpass Metas Facebook as the Worlds Largest social Media Company by sales. And the chamber of commerce suing the s. E. C. Over new Climate Disclosure rules, a lot to unpack there. And were going to begin with the road ahead. In particular, for what has been driving this market for quite some time, and that is namely what we call the Mega Cap Technology companies, a. I. , particularly generative a. I. , and mike, ill turn to you. We just mentioned, of course, nvidia shares, which, yesterday, we discussed. I mean, jim and i, years ago, developed this thing called the key to this market, and it does feel like
Now, the resources, the time, the money to make the case to sympathetic audience. So im sure he has to be careful. But those undecided voters to other president s, Ronald Reagan moderate voters. But of course, and others have, have have, President Biden is facing have done it with a light challenges of his own. He has to keep together that 2020 touch. He can not, however, be coalition as weve seen, some defensive in any way. He needs narrowing of support in groups for instance, such as black men. Theres also its contend to show some some positive energy and momentum michael within the Democratic Party when it comes to his handling of the conflict in gaza. And waldman, great to get your then those persistent questions about the president s age. But expertise. Thanks so much for really, theres this threeday joining us this morning. The next hour of Cnn News Central starts. Now breaking span, Super Tuesday and then the state of the Union Address tomorrow that are pivotal for the Biden Cam
Zakharova. She predicts that everything will follow the same scenario as the german investigation into the terrorist attacks on the nord streams. In france, president macrons words that he does not rule out sending the military to ukraine alarmed both society and the local opposition. The head of state has already announced that he is going to discuss ukrainian politics with the heads of Political Parties next thursday. And he hinted that he would not change his plans refuses, intends to send special forces to help kiev. French farmers are blocking highways, like everyone else, demanding attention. Leaflets have appeared in large cities, with a message to macron, we will not die for ukraine, but the authorities do not listen to their own. Paris is preparing a bill to make the sending of French Special forces to ukraine essentially legal, lemont writes. The uk is no longer hiding that the British Military has been fighting on the side of ukraine for a long time. Yes, illegally, yes, the