Fed rate hike might come as soon as june. That is what is pushing down the markets and weak data out of the chinese market. We are off about. 25 there, basically erasing earlier losses. Oil, lets take a look at that. When you look at brent futures, we are talking about higher compared to back then. As for what equity markets are doing, let me show you very quickly what currencies are dollaryen, the yen strengthening against the dollar. The dollar surging on the back of the january jobs report. Evening here in asia. Aussie dollar, . 77. That is a 5. 5year low. Now more bearish options against the aussie than you do against the euro. That is something to watch. Let me leave it there for now and i will be back later. Back to you. Prominent names alleged drug wars, and arms dealers are among people named in secret hsbc files on tax. The documents show the banks swiss unit may have helped wealthy clients pay less than there do. Their due. A report by the International Consortium of investig
Senator harry reid is recovering from a fall yesterday in which he broke several ribs and facial bones. The accident occurred when he was exercising with a fitness band which snapped causing him to fall. The nevada senator who is a former amateur boxer was released from a hospital and will travel back to washington for the weekend. Former nsa director cued alexander is speaking out against companies considering retaliating against hackers. Some companies are turning to the offense of tools in their battle against cybercrime. The former nsa director said companies should not be wading into this fight. I think its a national responsibility, a government responsibility, to respond to these weather is criminal, fbi or its a nationstate. You cannot have companies escalate us into a crisis. What the administration and what the government has put out today is in fact the correct approach. Companies can do more to protect their networks and thats perhaps something we should discuss. He made th
Stand idle and simply allow the borders of europe to be withdrawn at the barrel of a gun. Meanwhile, the European Union postponed sanctions against russia to allow time for diplomacy. Scheduled on wednesday for the leaders of ukraine russia, france, and germany. Swiss bank and ubs under the investigation by the u. S. Justice department. Looking into whether they let clients and selling Foreign Exchange structure with routes according to people with knowledge of the situation. The Justice Department is focusing on whether ubs misrepresented currency reactions price. Apple gearing up for its first bond sale in swiss francs or the iphone maker hired put Credit Suisse and Goldman Sachs to raise the sale in the near future. The sale will allow apple to take advantage of record low funding costs with government on yields turned negative. Apple issued the equivalent of 39 billion bonds in the last 21 months. Twitter gets more requests from government to take stuff down. Requests have jumped 8
Leaders in the house and the senate supported that bill. International blowback after the release of this disturbing cia torture report here at the center of feared revealed that suspects were treated more brutally than previously known. In 2000 nine. Ded president obama spoke about the report in an interview. I can categorically say anyone who engaged in any behavior like this will be directly violated my executive orders and my policies as president of the United States and would be held into account and was breaking the law. It will not prosecute cia officials. After rebounding for one day, the price of oil is falling again. Lowerexas intermediate is as well. The forecast is the lowest in 12 years. But it is a boon for american consumers. Jpmorgan already facing the highest capital surcharge. 20 billion by 2019 to meet new fed standards. Says it is well capitalized and plans to meet the fed requirement. Emails. Documents and emails, sonys a cyber have led to attack. More on an explo
Their annual retreat, hershey pennsylvania. They will talk about priorities for the upcoming year. The north dakota senator john hoeven talked about some areas of possible compromise. We need to pass a sixyear highway bill. I think we will get that done. That is huge for america. Tax reform, absolute priority. Everyone wants to do it. I think it is doable. Good for jobs and the middle class. House and Senate Republicans have frequently found themselves at odds in various issues. The chinese uber competitor has just raised 600 million in funding. The round was led by softbank. It is now valued at 2 billion. Is this the end of the road for radioshack . Shares down about 24 after reports the company may have to file for bankruptcy as soon as next month. Radioshack has posted a loss for 11 straight quarters. In china, xaomi is known for one thing, cheap phones. Now the chinese upstart is jumping into the higher end market, taking direct aim at samsung and apple. It Just Announced its bigge