you mention those numbers on wall street in correction territory. from late last year. more than 10%. yes, the markets in asia did crawl off their lows for the day. of at one point, japan was down 4%, which is a very, very big move for the nikkei. shanghai, nikkei in tokyo, all down by a long way from the start of this year. the zip, just to give you some sort of context down by 7.5% as well. it s been a tough start to the year. the plunging oil price, oil in asia continuing to fall. stabilize just in the last hour or so. around about the $30 barrel mark. and also what s going on in the chinese economy, how week sit. and what does that mean for the
Transcripts for CNN CNNI Simulcast 20150219 06:19:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
the end of next year, beyond the election, with cuts and spending caps also on the table, house speaker john boehner wants all house members to weigh in. so he plans to hold a conference call with many of them sometime today. so we ve got up to the minute coverage of what s happening in washington. cnn s kate bolduan is on capitol hill. dan lothian is at the white house. first to you, kate, senate leaders in both parties keep saying that they are, quote, very close to a deal. what more do we know? reporter: we don t have specifics of a final deal quite yet because as far as we know, the final deal has not yet been struck. but we are getting some details are emerging of the tentative framework of really where the conversation is focusing at this point. and noteworthy is the is the change in tone and the change of mood up here from yesterday. many people many senators that we re talking to now saying that they re very close to a deal, getting very close to a deal, even
bipartisan plan would increase the debt limit through the end of next year, beyond the election. cuts and spending caps are still on the table. and house speaker john boehner apparently is planning a conference call sometime soon with house members. so we have up to the minute coverage of what s happening in washington. cnn s kate bolduan is on capitol hill. dan lothian at the white house. let s begin with you, kate. senate leaders in both parties say they are, quote, very close to a deal. we know they are still negotiating. what have you been able to find out about? what is in this framework of this $3 trillion deal? reporter: we don t have specifics of, of course, the final deal because, as they always say, there s no deal until there is a deal. but we are getting some details are emerging of a tentative framework of what the negotiators are talking about. real quick before i get to that, we have i don t know if we actually have the video turned around quite yet. bedid
anticipated ipo that is expected to take place in may. markets here in asia, nina, finished mostly lower this session. the nikkei in tokyo was down for a second straight day on more concerns about japan s nuclear crisis and after a lower growth forecast from goldman sachs. we ll get to that in a moment, now tepco was the biggest loser there after traces of plutonium found at the fukushima daiichi nuclear power plant. japan s national strategy minister said not to rule it out. now the negative sentiment in japan was echoed elsewhere across the region. as you can see the hang seng and the shanghai composite both down with energy stocks finishing lower in sidney. but the main aussie benchmark was able to pull up a gain