Assignment this week. Who is taking her place today . Contestant is bill cohen. Theing me out at all hours, bloomberg contributing editor, welcome. Great to have you here. I am no replacement for stephanie, but i will try. I know you will. The top stories out of business and finance, let us begin with oil prices. The lowest level in 12 years, brent crude is at its lowest level. Also already facing the highest capital surcharge under International Rules and the bank may have to than 20 billion in Additional Capital because of new regulations proposed by the Federal Reserve. The capital boost would not be due until 2019. Wellgan says they are capitalized and intends to meet the requirements, whatever they are. Shares of yum are trading lower. Forecastp their profit for the year. Yum was hurt via food scare in china, a huge source of its profits. Kfc is very popular there. In july they were investigated for altering expiration dates on their meet, not what you want. Beat posted earnings t
You are watching Market Makers on bloomberg television. I am matt miller in for stephanie ruhle. It is a day of terror, shock and morning in paris. Security has been tightened to its lot to his ties level. Masked gunmen killed 12 people and wounded eight others in the shootings of the offices of a french satirical newspaper. The Associated Press says the chief editor of the newspaper and two Police Officers are among the dead. The attackers remain at large. Francois hollande says the country is in a state of shock and escalated the terrorism alert. Along this schedule to speak at 2 p. M. Eastern time. Earlier he was on the scene and this is what he had to say to reporters. An act of exceptional barbarity was committed here in paris, which is to say the expression of freedom against journalists who always wanted to show rants they could act to defend their ideas and to have this freedom, which is protected by the republic. Here is a statement by president obama. France has stood shoulde
Bailout talks broke down. Both sides refuse to blink greece is rushing toward the cash crunch that threatens to drive it out of the eurozone. We are joined by hans nichols. And without the bureau chief in joins us from greece. Hans, lets start with you. Lets talk about the greek finance minister, Yanis Varoufakis. And his reasoning about what he is doing. According to him, it is simple and illogical for Yanis Varoufakis to excel at a deal, a program his party was elected to repeal, it is simply a nonstarter. He said they went backwards last night and not forwards. He said. The last weeks meeting, they had a few setbacks and then they made progress. He held out the prospect for additional talks is that he is willing to negotiate. We have been saying steadfastly for the beginning we want an honorable settlement. We want to wedge together these principles, the principles of the program have to be respected and the government that challenges the logical problem and find Common Ground betwe
The s p gaining 6 , record this, record that. You get picture. What do i mean when i say this is what a bull should look like . First and most important, a bull market must climb a wall of worry. At no point can there be any joy, no celebration of a new high. All of our biggest advances have come on the backs of gurus who emerged after a couple down scares and say they are worried, they are frightened that valueations are too high and the whole edifice could come tim go when down. Any market thats dependent on a couple people talking it up isnt safe. What i like about what happens when some very high profile bulls get cautious, is how they immediately set off lots of chatter about how theres too much come placency and the market is subject to a wholesale appeal of a huge chunk. I always like to listen to that 20 to 25 decline chatter because it shakes out all of the weak holders. Rallies come on the backs of the weak holders. As long as there are prominent flipfloppers, were going to h
Markets and see how your money is behaving itself. David . Good morning to you. It is another quiet day across the region so far. Volumes are quite light compared to what we are used to seeing this type of the day. Markets about the only as you can see from the map. Sharp movement, up 1 a. It might erase some of the games that we saw against the u. S. Dollar. U. S. Markets are shot overnight for Martin Luther king day so we dont have the usual gauge of direction this morning and we dont have big pieces of eco data coming up. With the exception of new zealand in inflation which came in this morning. 1. 6 . When thewatching for Chinese Markets open. It should be the big story of the date considering at the money market rate spiking pboc sayingd the they will step in with the funding. The economy needs us as we will chose closer to chinese new year. If you see red, it means the currency is weakening. The dollaryen is reversing three days of gains against the u. S. Dollar. Is 8821 u. S. Ll