the presidential candidates. and angry protesters demand that south africa s president repay taxpayer s money he used for home improvements. the united nations has called on turkey to open its borders to syrian refugees fleeing fighting in adepot. tens of thousands of people are stranded at the boarder. but turkey s foreign minister has warned that if the regime s military campaign continues the number of refugees could reach a million. let s take you live now to the turkish city near the syrian border. stephanie decker is there. stephanie why don t turkey allow these people to cross its border? reporter: well, what the officials here say is that at the moment they can handle them perfectly where they are. they say we can provide for them here as good as we can over the border. turkey of course is also concerned because it has a huge number of syrian refugees already here, over 2.5 million. and the message from the government is they sort of feel russia is putting pre
workers. we meet orphans caught up in the fighting in eastern ukraine even though there is supposed to be a ceasefire. sports story this friday six months ahead of the rio olympics one of the most successful countries kenya could find itself ban from the games. right now it s only an agreement on paper and won t result in a complete ceasefire or an end to russian bombing, following a marathon meeting in germany world powers have settled on what they are calling a cessation of hostilities in syria beginning in a week s time. one priority is delivering food, medicine and shelter to besieged towns and cities and james base reports from munich. reporter: 19 delegations the sponsors of international peace efforts in syria gathering in an effort to get things back on track. but the most important meeting happens several hours early on the 15th floor of the same munich hotel, this is where russian foreign minister sergei fedorov and u.s. secretary of state john kerry came face
the fighting in eastern ukraine, even though there is supposed to be a ceasefire. a u.n. task force on syria is set to meet in geneva to bring relief to thousands caught in the conflict following an agreement by world powers in munich to put an end to the civil war. the leaders agreed to halt has stilts within a week, but armed groups, isil and al-nusra front are not included in the deal. the deal includes the deliver of human aid in besieged towns and villages. all this will be monitored by the task force by russia and united states but r.b.i. is pressing on with air raids on cities including homs. we are a report from the syrian border. rebel fighters understand the need to hold ground on this front line. if they are defeated, the syrian government and allies will be one step closer to aleppo city where tens of thousands live. after losing much territory in this northern province, the opposition is trying to prevent its stronghold inside syria s second largest city
with people brave enough to hunt these. inside and outside syria doubts are growing that the pause in fighting agreed on by world powers this week will actually happen. a deal is more likely to fail than succeed. on the ground government forces supported by air raids are trying to ensieshgel raids in the largest city of aleppo and captured strategic high ground after forcing opposition fighters out of the small town on the road down into aleppo, they are now in a position to move further towards the city to the next rebel-held town. on friday government forces captured the village as they attempt to close the circle around aleppo city and also took another town from the rebels. government forces have now essentially captured most of the rebel supply routes into aleppo. and zaina has more on the turkey-syria border. reporter: this high ground gives the syrian or my and its allies an advantage. the main rebel supply line to the west to the northern side of aleppo is now und
it is the first interview on bloomberg and we will talk about that story. let s talk about the story and get news with caroline hyde. caroline: federal reserve chair janet yellen said that while the rate hike may be delayed by the turmoil in market, she will not abandon the program. making the twice silly address, she said recent volatility has tightened financial conditions and could weigh on the economic outlook. levels not seen since before the bank of japan surprise monetary easing back in late 2014. n 8 monthbed two and 8 high. whohedge fund manager successfully bet against mortgages during the subprime crisis. thinks the world s second-biggest economy may have to print more than 10 trillion yuan. the ceo of france s second-biggest bank thinks markets are overreacting. he told bloomberg that the current climate is nowhere near as bad as 2000 an8 s crisis. this is that it s too low we has nothing to do with what we saw in 2008. the banking system in the world is much mo
friday morning. breaking news across the bloomberg number the chinese authority in banking are taking action for those banks that they consider our lending perhaps a little bit too fast and too furious. we saw the loans hit record levels this week. this concern about indebtedness of the chinese population at large, and the corporate overall indebtedness expanded over 200% per capita. the people s bank of china are determined that some banks who have landed too fast, they have raised the reserve required ratio. this is according to people familiar with the matter. this will be regional banks, among the lenders, seen as overstretching themselves. they did not give us any additional details, and terms of the banks that were actually affected. or how much the reserve requirements would actually impact the marketplace. of course, this is all about china rebalancing exactly what is going on. let us take the conversation, you were looking at the currency there, the yuan has had
inister moments ago. caroline: he is back to make an grem to put to the u.k. voters. he will only do a deal if it is what britain needs. if get what is the u.k. needs. the pound trading lower versus the dollar at the moment. tom: we welcome you to our first word news. a couplor headlines crossing bloomberg now about the u.s. government. the u.s. government memo shows world strategy to access phone data. the white house is having meetings on encryption. we ll continue to update you on that. the meeting in brussels, the british prime minister is pleading far deal that he can take to british voters. eastern european leaders don t ike his demands. plans to protect london s financial industry. rance is willing to relax pope francis is willing to relax birth pposition to control. the u.s. says that defeating the islamic state is the overwhelming prort. a new bloomberg politics pole shows that hillary clinton holds a commanding leevered bernie sanders in south carolina. a 3-1 le
the nasdaq has actually been leading today. that is a bit of a switch. technology has been going in the same direction as other averages but an exaggerated move. a different scenario memo we have seen recently. the s&p and dow remain lower and they remain lower than oil prices peered yesterday, we saw stocks drifting lower even as oil held up well. a different story today. if you look at oil, we re seeing it down 4%. it bounced off the bottom, but still below $30 a barrel. oil stocks are weighing on the major averages. we are seeing a lot of big percentage declines among the energy producers. southwestern energy company particular, down 14%. murphy oil, devon energy, a lot of these energy companies have come out in the past week or past couple of weeks talking about various ways to raise cash, whether it is sharing selling shares, cutting dividends. that has been weighing on them, also. alix: a lot of these guys reporting earnings next week like southwestern energy. aside f
we re talking about the headache for finance ministers the exclusive interview with the treasury secretary jack lew. tom: i sure david westin will touch with the secretary on the global slowdown. we are certainly seeing that in the markets. also, the idea of is america buffered by the oceans and of mexico and canada? can america stay removed from some of the challenges? thouge markets are on the move s morning. is the world extremely globalized when we see nations such as the usa into u.k. wanting to be more in sealer. insular. trump pushes closer to the nomination with a victory in nevada. marco rubio and ted cruz were battling it out for second place. pointsan 20 percentage behind. he spoke at a victory rally in las vegas. mr. trump: if you listened to the pundits, we were not expected to win much. now we are winning the country. in june, the country is going to start winning, winning, winning. announced ons super tuesday more than one dozen states and territories will ho
presents the budget. we are live in a mumbai. we are live in mumbai. good morning, hans. i think greece is back on the agenda, or should be back on the market s agenda. hans: it is the entire european union. there is a sense that angela merkel is living this suspended disbelief. a little bit of this came through in the public broadcast she did last night. president was released from prison after the tax evasion. two big stories dominating a german headlines this morning. guy: the pboc did not step up. we have a lot of data this week. plus, we have payroll numbers. so, we are 30 minutes away from the market open. . about the future. let s talk about the future. shanghai is down pretty hard. this is the wei function. ares like european equities down by around 1%, hans. hans: yeah, that is really the story overnight. the disappointing reaction in asia to what the g-20 did or did not do. we have the shanghai down, it looks like all most 3%. $1.13llar yen is in that level. and