Countdown. On the bottom of your screen, 1000 jobs are under threat. That is a story that nejra cehic will bring you in a little bit more detail. Story. Come on that backstopping the banks. Italian banks will be in focus once again, more details on the function. It is not a backstop bank, it is a backstop front. 3827 backan real, impeachment. The real is making its way up higher. 2. 8 yesterday. What you have here is politics, the new alpha in this market. Economists lowering the view in terms of what we look at for rates. Potential for recep leavy rousseffving leaving has emboldened oil is down 0. 3 . Goldmans doha will do little to boost prices. Kuwait having production at a 40year high. At the bottom of your screen, you have a break off trend. The relative strength indicator says that yen was overbought, dollar was oversold. You have this reversal of fortune. Temporary or longterm . We will discuss that. Sean solomon is here, good morning. Soloman is here, good morning. Assuageis is
Unemployment figures. From germany. Much better than expected. [inaudible] francine i think we are having a couple of difficulties, technical difficulties but mark was saying in terms of what we are seeing on the ftse, the cac. 3 afterx gaining china intervened. It still remains to be seen if analysts are convinced china can do enough. Gold is up. Copper up a little bit. A little bit more optimistic than yesterday. Lets get to the Bloomberg Business flash. French Telecom Companies have confirmed they are in talks on a deal. Not definedons are by any timeline. They signed a confidentiality agreement. The u. S. Justice department is suing volkswagen. In to chartt filed is the first case against the company by the justice department. Strong contender to buy a swiss travel company. It received winner approaches from third parties. There is no certainty and offer will be made. Its Restructuring Plan remains unchanged. Francine thank you. 7 slump in equities triggered a halted trading, china
Dollar for the First Time Ever. It is it is a morning. You need to be up to speed. Caroline hyde has your bloomberg news. chinese stocks have extended last weeks plunge after concern about the slowdown deepening. The Producer Price index slumped 5. 9 in december, sending declines to a record 46 months. The cost of borrowing the yuan has jumped by the most on record. Tightened supply of the currency following intervention by the Chinese National bank. Ubs will double its staff in china over five years. Their chief executive says that a time of volatile markets is as good a time as any for wrapping up operations. China is not on its own with those challenges. We have to expect some adjustments for 2016. Those are also good times to plan for the future. That is the reason why we are starting to implement our Strategy Plan in the next five years. We think we are going to double our account in this region. Crude has extended its slide from an 11year low, confirming the view of hedge funds t
Slayer. Dragon slayer. We are winning. I know you are. Republicans control the house, democrats the senate. The u. S. Senate control is up for grabs. Republicans have to gain a net of six seats. It will be down to the wire. Iowa is one of the purpose union. 40 of our voters are neither democrats nor republicans. Our two senators, one of the most liberal democrats in the United States, and one of the conservative republicans, and iowans reflect them cycle after cycle. A lot of iowaians vote for both. When tom harkin announced his retirement it was unexpected. Everyone was taken by surprise, it was a shock. You are my friend, my mentor, and my hero. And if i have the chance to represent you in the yate senate. I cant think of any federal motto. Congratulations. Bruce was one of the strongest candidates that the democrats landed this election year. It represents a quarter of the states. It won by a huge margin. Hes a relatable kind of guy. The kind of guy you have running in the senate ra
Mr. Mcgovern mr. Speaker, i urge all of my colleagues to vote no on this terrible martial law rule. We have no idea what the hell we are going to be voting on. This is a rule that allows them to bring up anything between now and september 5. Ill ask my colleagues to vote no on the previous question and if we defeat the previous question ill bring up h. R. 15, which is a bipartisan senatepassed comprehensive Immigration Reform bill. And mr. Speaker, mr. Speaker, were talking about kids, poor kids, most of them fleeing terrible violence. Im ashamed at the insensitivity and the lack of compassion from the other side. America is a better country. Lets not lose our humanity in this process. If the United States of america stands for anything, it stands out loud for human rights. Were better than the angry mobs yelling at children. The anger and the nastyness and insensitivity is not the face of america we want to show the rest of the world. We are better. I urge my colleagues on the other s