If you break down the markets, they are having a rough ride. Matt, when you look at the u. S. Dollar strengthening and oil prices plunging, it seems the only possible catalyst is opec, the ecb, and the fed working together. The block. Matt the looks like the market is trying to spank this out of those groups you just mentioned. 40 on s p futures. 3. 36 on dow futures. Japan closed hong kong was down big. In europe, we saw bigger moves. 40 in paris, down 4 . The dax down almost 3 . At one point it was almost down 4 . Look at eu banks. You knew we had to watch stocks jen earnings. Even though earnings grew, they missed estimates. That has been a big concern. European banks have been a concern after Deutsche Bank. Socgen down. Hsbc is down four and a half percent. Interesting story we will get to about the capitulation of hsbc to investment bankers. Freezee saying we will pay raises, then two weeks later say that is not a good idea. They will continue with plan to pay raises. I was going
President obama met with the french president at the white house. Both leaders agreed that efforts need to do more to defeat the Islamic State together and demanded serious demand it syrias president out. You can get more of these stories 24 hours a day on bloomberg. Com. Emily this is bloomberg west, coming up, hewlettpackard and life as a single company. Plus, a billionaire catfight in space. For bezos takes the lead the rocket. And sports retailers go mobile. Fans can shop for gear from the comfort of their couches this weekend. Financial swansong for a technology company, hewlettpackard has officially split into two companies this month and today, the last set of combined report. Results were down here over here. Reporting combined earnings of 93 per share. Down 9 fromame in one year ago. Issued key take away separate outlooks for the First Quarter and warned that profit would be lower than expected. Shares for pc inc. Tumbled. They say it expects firstquarter earnings lower than e
Our breaking News Coverage begins right now. We do say good morning, america. Following the fastbreaking developments this morning. You are looking at the scene of that major raid this morning. Sustained explosions, gunfire heard in that neighborhood just outside of paris actually less than one mile away from the soccer stadium that was atta attacked. Authorities thought they cornered the mastermind, that man right there, Abdelhamid Abaaoud. Heres what we know right now about the raid. Two people are dead including that woman who detonated a suicide bomb. Seven people arrested. Five officers injured and a police dog was killed and you also see that photo of one of those suspects dragged away. His clothes partially torn off. What we dont know right now was this another cell actually getting ready to strike white away. What happened to both abaaoud, the mastermind and that eighth attacker that fled to bulge. World news anchor david muir on the scene since the raid began. David. Reporter
This rebound got me thinking what the heck is going on . How can we turn this into a game plan. You have to go back to 1990 after iraq innovated kuwait to find back then in 1990 we heard secretary of state james baker always back channeling about reaching a peaceful solution to that crisis. Every friday we get a rally of short sellers minting money fearing a deal could be arrived at over the weekend. There was no deal, the market would fall hard on monday. We have a whole story derivative going on here. This time the war in ukraine doesnt directly involve us although sometimes it seems president obama hasnt gotten the memo. Todays rumor the Russian Military seems less poised to go to ukraine and more in standing down mode ignited the market reminding this has the market by the jugular. It is not iraq sore the fed. It is not the fed. Get some horse sense. If we go back to 1990 the invasion of kuwait triggered a global slow down. The buyers have been getting hair head slammed going by a
Yesterdays plummeting freefall of the ruble. The Russian Finance Ministry announced that it is selling foreign currency. Ryan chilcote joins us to bring it all down. Give us a sense of what we have seen this morning and announcement and our argot. Look us through the details. Who would have thought the deputy finance minister of russia would be channeling mario draghi . That is exactly what hes doing. He said the finance minister is prepared to sell as much of its foreign currency reserves as it takes. A consultant adding that they have 7 billion worth of foreign currency reserves at their disposal. Weve seen an extraordinary move in the ruble. It hit 80 against the dollar yesterday. It is now down about 20 from that, yet it is still up 10 on the week. We got news that yesterday, the bank of russia was on the market , intervening to the tune of just under 2 billion. There are rumors that they are on the market today. The biggest support for the ruble yesterday came from the economy min