Welcome to countdown, i am and edward. Good morning. The fbi is investigating a coordinated computer hacking attack that targeted jpmorgan and for other major financial institutions, according to officials familiar with the matter. It is believed that the hackers were russian and were retaliating against u. S. Sanctions against moscow. They have stolen data. This comes down to proving who possibly attacked jpmorgan and it has not been decided. The trail is muddy. Investigators are considering the possibility that it is cyber criminals from russia or elsewhere in eastern europe. The fbis involved, the National Securities involved. You may recall the u. S. Considered sanctions or not against russia. Could it be that statebacked hackers do they have the sophistication . The sophistication level with which this has happened is a hallmark of a professional. Apparently a Software Flaw allowed hackers to get in and Remote Control computers. It is apparently something that a hacker is not able
Youre watching the pulse live in our European Headquarters. Germanys finance minister said the e. C. B. Has now run out of ways to help the eurozone. That puts the burden on governments to spur Growth Without critically running excessive deficits. Data will be out in one hours time. He spoke with caroline at the annual meeting. What mario draghi is saying again and again is that it is not to the e. C. B. To implement because Monetary Policy cant the parliaments and we agree 100 , Monetary Policy policy has to take its responsibility. Monetary policy can only buy time. The underlying problems. Fiscal policy. Economic policy. In this globalized economy we have to work for ongoing again and again to announce competitiveness because markets are changing very fast. If you look at what is going on in the global economy, there are varying problems. Every member said we have to stick on to enhance competition. If we will be come placents, even in germany, we are fine tually but if we would not
Welcome. You are watching the pulse. We are live from bloombergs European Headquarters in london. Lets get straight into our top stories. Telefonica raising the stakes. The company has lifted its bid for vivendis gvt units. That counters an offer from Telecom Italia. This is getting very incestuous. It is a battle for one of brazils fastestgrowing broad brand providers. Caroline hyde is here to answer our questions. Why is it so important . It is all about brazil. It is the Fastest Growing in brazil. It is a young, growing community in brazil who all want access to the internet. You want data, videos, facebook. This is a tantalizing asset owned by vivendi. They want to clock into that expansion. Both telefonica and Telecom Italia already have friends. They want to become more present. And want to merge with gvt gain more dominance while at home their domestic revenues have been easing off. Putting it politely. Of course, we are not using these two. We are going for whatsapp to send our
Emails, employer info. How much your stolen data is worth to cybercriminals. You will be shocked. And reaching a critical stage at the port. The l. A. Port saying it is days days away from a total collapse. We will take you there live. First, to sue at cnbc headquarters. Stocks are rallying shaking off any fears about greece and europe overall. Its not any old rally, either. This one is putting the dow and s p back to break even for the year, and the dow is on track for its best weekly gain in more than three years. Lets get you caught up on the numbers. The dow is up 142 points the nasdaq up 26 and the s p is up almost 14. Oil has been rallying throughout todays trading session. We are better than 6 to the upside on wti and ice brent is up 5. 5 . Bob pisani is on the floor. The important thing is the character of the action, what the leadership is. Rather than showing you the stocks, let me show you the sectors that are strong today. Automotive is strong another good day for them. We
Pressures continue to weigh on the manufacturing sector. Unveils a radical plan to undate the Monetary Policy . And has reignited . Unveiling the most sleek phone yet and makes a play into the mobile space. And the eurozone pmi data has just broken. It come in 51. 0 for february. That is just in line with what was in january. 51. 0 fractionally below expectations in 51. 1. Germanys pmi came in at 51. 1. Slightly up from january 50. 9. We had italy and spain earlier today both of which were solid and strong new order components. All in all the data pretty positive. The eurozone number has come in 51. 0 basically in line where it was expected. You see the euro dollar strengthened a bit. Its at session highs. It was flat for the day and now session highs. Weve had some italian jobless data, which just looking for as well. Its come in well ill bring you up it has come in. 12. 6 . The forecast was 12. 9 . So that has come in better than expected. Theyve fractionally revised decembers data.