How long have we been working at bloomberg and never had a chance to sunset together . Since the reagan years. This is a first. We were talking about it yesterday. Im thrilled be sitting here with you. Were talking about cut rate cornerbacks, the football this weekend, a lot of people are the big spenders on these know, the it as you super bowl is coming to new jersey. It will be in the meadowlands. They will be freezing. We will be watching from the comfort of our homes. We will get back to that in a minute. T is time for the news the top business stories from around the world. Morgan stanley profit fell 70 due to costs of bank securities. And litigation. The bank achieved this gold on costcutting and reducing capital used by the tracing trading. Smog hit hazardous letters in chinas steel producing region. Pollution is 17 times the safe level recommended by the world health organization. The Chinese Government has asked local authorities to reduce illusion by up to 25 over the next th
Currency manipulation perhaps in they cut 950 jobs mortgage servicing. Basically they are shutting down businesses and spinning off some of that to fannie mae. Ever since i have been here the last five days, it seems like bad news after bad news. And i know you guys like to cover tech. And not the hard time that the banks are always having. You are losing people. You are not able to pay them as much. Google thomas and interesting google, an interesting week for google. They bought nest, the rmb is that maker. Now they are coming out with nest, the thermostat maker. Now they are coming out with this. Has a monitor for your glucose levels. This is for diabetics this could make it a lot easier. I am not diabetic, so i would not be the one using this fraud of. However having an antenna near my eyeball would really freak me out. Now they are going to know about my body chemistry . Im not sure i want google to know that stuff. We are also talking about the nsa and potential changes there. Pr
Hsbc had a preliminary read. The chinese stocks are looking at the worst arch of year since 2010. In the u. S. , we have Economic Data at 8 30 a. M. With First Quarter gdp and initial jobless claims, 9 45 a. M. , bloomberg beforer comfort, 10 a. M. The bell, we have a slew of earnings. After the bell, it will be google and amazon. Those are two big ones in retail. Are they more optimistic off of what facebook did . And facebook has so much rising power. Lets get to the data check. Cable is out. Revenue was higher than anticipated and they increased their dividend by 15 . A lot of earnings are coming up this morning. There is the data for you. The yield is a big story. The fed meeting and there are the currencies. I am watching the yen and it is better than good. It is weaker. Is at thefor me bottom, a basket of euro and dollars. Chart and its ugly. If you are Vladimir Putin, this is not good as the world comes to sochi. The ruble appreciates and then it has been churning and you see th
Laws of any congress. 71. Thats because president obama did some work to push that forward. It was 51 at the beginning of december. Its fairly embarrassing. The janet yellen confirmation is expected to go through. A lot of stuff going on immigration reform, the debt ceiling, but the big thing seems to be the unemployment benefits. Here in newthe set york when the compromise was agreed to and the news roque. Business respective, this is a big deal. People who receive unemployment checks spend them. Break, theyple tax might. But the money goes immediately back into the economy. Book the great crash i just finished that yesterday and one of the things they talk about are these things thought of as welfare are actually great stabilizers and when they go, the economy can pay some bums. I read divergence. So fun. Thats a little disturbing. I havent read hunger games. Cory and i were Holding Hands earlier because my hands were so cold. We have flight canceled jetblue canceling 300 flights, cu
Of time for winter games. , every sinceit off protesters started cap got in kiev, anger has been building and subtly change came overnight. A quick recap this weekend. President tion and Viktor Yanukovych signed a deal that wouldve form a new government. And he called for the recent events and he said he would not leave the ukraine or resign. Lawmakersid voted to oust him and he was later caught at the border but he was not detained. Parliament siege to his luxury management. Parliament showed its speaker as the interim president. That is him in the black turtleneck. Government ion he said a Coalition Government will be for tomorrow. They have big financial problems. They said eight if needed to avoid default. The u. S. And the eu are working. They are trying not to antagonize russia which is as it turns out is intertwined. A it is a sizable country and sizable part of russias a trade. Russia has enters and the ukraine. It was deemed essentially as part of russia. Russia has an interes