Time since 2002. We break that data in under 30 minutes times. Lets look at stocks. They rally after the u. K. Supermarket oust. German rival metro beating expectations on its consumer electronic division. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. All right. Oil continues to dominate the investigator discussion. Oil taking another leg down with wti and brent both slumping around 2 . Near a six year row. The iranian president delivered a fresh warning saying the dramatic drop in prices not only hurts iran but other producers including saudi arabia and kuwait. They defended the decision saying prices would stabilize at profitable levels. He also said the organization had no plans to meet before the next scheduled meeting in june. You can take a look at shares right now of oil trading down about 3 in todays trade. Indeed and the dramatic sell off comes as china reported record crude imports next month. China also posted a better than forecast rise in exports in december. Stronger u. S. Demand helped to offset weakness in europe but the overall trade value grew less than forecast. Lets check in on markets in raise i cant now with an update. Sri. Thank you very much. For the regional markets one of the highlights shanghai since you mentioned the data and one of the main theomatics out of the import side was the fact that china was out there in the market in december toward the end of the year restocking with some vigor. No surprises there given what we have seen in the oil market and the commodities market more broadly. So for the month of december imports of crude oil, iron ore and soybeans at record highs. Is it going to stay that way . Probably not. Well probably see a degree of aggregate demand. Also liking the export figure robust overseas demand help december exports grow almost 10 3k9 but10 but all of that was offset from the financial sector. Stable at the close up by two tenths of a per cent. Nikkei 225 holding to the currencies. We did see a stronger yen but that did pause during the day so offer a degree of respite for Japanese Equities but we continue to see no respite in the price of oil. Continue to see capitulation in the oil stocks. Back to you in london. Despite china reporting record imports were seeing Oil Prices Moving down side and thats what is moving markets. Oil shares were down about 5 and now nearing a six year low and its interesting to see how before in june when oil prices started to slide it was seen as positive for consumers but now given the accelerated decline to the down side theres fear this will have a major impact on earnings specifically from the energy sector. Of course. Its really interesting in the last 48 hours or so we have continued comments that dont give support from the oil price. We mentioned comments and we also heard from saudi billionaire prince who said we may never seen 100 barrel an oil ever again and we had a significant cut in the impact yesterday. That seemed to be the catalyst yesterday. At the moment there doesnt seem to be a flaw. I do think for the consumer that will become incrementally positive but it creates a risk attitude. The focus will be on how this impacts inflation. The euro zone dipped into negative territory when it comes to inflation the First Time Since 2009 at the death of the financial crisis. We get u. K. Inflation data in 30 minutes or less. That will be interesting to see how oil prices are impacting headline inflation here in the u. K. Now bizarrely enough europe has been bucking the trend over the last couple of trading sessions. We had a strong day on hopes despite weakness in the u. S. Yesterday and as sri told us mixed in asia overnight. Europe is managing to hold about flat. Just five basis points into the green on the stock 600 but it isnt in the red as some might have expected as oil price continues its route. Just slightly more in the red today. Lets look at the main markets in europe and see how that is breaking down performance. Fise 100 was the underperformer yesterday so despite the continued weakness in the oil price its a heavy weighting and managing to relatively outperform today but nothing too significant. Otherwise across the rest of europe were seeing 4 of declines. Germany posted the first balance budget since 1969 today. Its down. 25 today. We saw a lot of bond buying in the u. S. Yesterday. That followed a three year auction that saw Strong Demand and now theres more auctions to come this week but it seems at the moment that demand should outweigh supply and were back below 1. 9 in the u. S. Again the uncertainty we get when Oil Price Declines also leading to a bit of risk. 1. 7 on the yield there. We also saw quite a bit of bond buying in europe because of easing which well discuss in a couple of moments. The u. S. Continued to be correlated even though theres no prospect of bond buying. 1. 52 well be getting Inflation Numbers there. The japanese five year went to zero today and the german short end of the curve is in negative territory. Japanese and german bonds pointing to fears of inflation and quantity easing whether its happening already or expecting to happen soon. The performance of the u. S. Dollars has been mixed year to date. The u. S. Dollar has been weakening and the yen is around a one month high against the u. S. Dollar even though today its basically flat. Yesterday it touched around 117. Away from that 121 handle we got to in the middle of the december. Its been steadily weakening and its around a nine year low. 1. 182. Nine days to go. Increasing expectation the central bank will announce some form of quanative easing. The banks shouldnt wait too long to take action saying Monetary Policy is an impact only after a long delay. If i want to do something i should do it sooner rather than later. And Christian Noyer saying nothing had been decided so far in qe but if there was to be a Bond Buying Program the ecb should have a cap in terms of the percentage of what Government Bonds we should be buying. And jozef makuch saying the general bank is ready for qe if measures talked about do not have an effect we have to move to quantitative easing. So lets discuss more with the head of strategy. The guessing game continues as we approach that Council Meeting on january 22nd. Do you think divided opinion will actually stop the ecb from making a decision . I think it will stop them from acting. The problem is they may act too late and too little and decide on a program that doesnt please market expectations. Theres a lot built in markets right now. What do you think the market is expected theres various reports of a 500 billion euro package unveiled. I think theres at least a trillion of bonds thats priced in by the markets with bonds at 45 basis points and also the ecb is priced in to buy across the whole curve so not just in germany or aaa bonds. Thats essential. Whether they base the purchases on gdp size bond market size Sovereign Rating or contributions to the central bank, even if the likes at the long end of greece and italy are included it will be a small proportion compared to the amount of bonds from germany and france and the core. So how will this really feed through to make an effect on market where as you say were already at 45 basis points on the german tenure. Theres a difference between buying in proportional amounts and risk amounts. If you buy the long end of peripheral curves and you buy the short end of germany youll have the same end of race in your portfolio but you concentrate your fire power on to the countries that really need it. This could be one of the solutions without reaching the treaty. Even still how will this feed through to the underlying economy because surely it comes down to the fact with an undeveloped bond market that well still need banks to want to take cash from the central bank and lend it out. But when rates are negative why are they going to want to take that on to their banner sheet when theres no demand on the other side. Dont get me wrong, the other question is does it really help the real economy and here we have to address two questions. One is the credibility is huge. How long does inflation fall before ecb starts to become uncredible. The same for the fed and the bank of japan and then we have to issue rates, the tightness of Monetary Policy and this starts to become an issue for the u. S. Right now as rates increase and the dollar also depreciates which was a problem for a long time. That of course is a conversation meant to be had. Markets are overly optimistics about what it can achieve and if it can revive a euro zone economy. You can check in but you cant check out. Do you think that will be a concern Going Forward that what may be unveiled on january 22nd wont be able to provide a solution to the deflationary risk to the euro zone. Helicopter money is inflationary by definition as people expand on their permanent consumption. The problem is does it really help . Do you want an economy thats not growing and growing only on nominal terms or where rates are stuck at zero forever . Is this really something that we need . And at the margin if we get quantity easing will it make much needed structural form more or less likely . Will it mean that governments can take the painful decisions or will it allow them to think we got the money in the shortterm. Lets start spending again and pursue populous issues. Its an important discussion ecb should make with the single governments otherwise the risk is to create heavy hazards within the euro zone. And as we look at things at the moment the euro continued 2015 as it finished 2014 on a downward trend. Will it continue on that trend . It depends on the stance of the Federal Reserves Monetary Policy. If we get higher real rates there its potentially the case that well see a reversal of the trend. Our scenario is still that were going south. Great. Thank you very much for joining us there. Head of developed markets rate strategy at citi. Coming up on thursday cnbcs steve leaseman will have an interview with christine lagarde. A lot to look forward to. But coming up on todays show as alleged mastermind behind the silk road website goes on trial we ask one expert how bitcoin will fair in 2015. A look at sports. My Home Team Oregon loses to ohio state in the National Championship. What went wrong . We dissect last nights big game. Investors work up an appetite for shake shacks ipo. Well also speak to the ceo of burger rival Habit Restaurants just months after the groups nasdaq listing. Thats live coming up from orlando. Youre watching Worldwide Exchange. All right. Youre watching Worldwide Exchange and we are tracking all the big movers in todays session. Absolutely. Lets have a look at some of the big movers here in europe. Outperforming and its looking for a new ceo to return to growth after the supermarket announced disappointing sales over the Christmas Period. The current ceo will be leaving at the end of the four year results in march. The new chairman said his successor will be an external candidate. Its up 4. 4 on the back of that news. Metro in germany up 2. 8 . Its a smaller debt than expected in the wholesale and consumer electronic units. Asos is up 6. 5 after the Christmas Trading update. The fashion retailer reported a 15 jump in sales over the period thanks to strong domestic demand. The chief executive kept Profit Guidance unchanged. Now focus on u. S. Earnings. Those are big movers in europe. Wall street kicking off earnings. Swing alcoa to a profit in the fourth quarter. Higher Aluminum Prices and lower energy costs. The company sees solid demand this year from the auto and Aerospace Industries. But what can we expect this week . Earning system is getting into full gear. Names reporting include k. B. Home out before the bell followed by csx after the bell. More importantly we get numbers from jp morgan on wednesday along with wells fargo but thats not it. Bank of america, citi group and black rock on thursday and intel and lastly lets take a look at friday because Goldman Sachs, charles swab pnc and suntrust all reporting earnings and that will be a market mover this week wilfred. Indeed and well be talk about which sectors are poised to make the biggest gains this earning season. Thats at 11 30 cet. Now health care and bio tech stocks were the second best performers los angles year and could be setting up to make a repeat in 2015. He filed this report from the Health Care Conference in san francisco. It was a big day. The jp morgan Health Care Conference kicked off with a bang. Shire announced a acquisition. And theyre paying more than double the share price and Bristol Myers announced a lung cancer trial of a drug that stopped early because it reached its goal. Amid the swirl of news the question on everyones mind is can bio tech and pharma continue the success in 2014. I would hope so. The performance is due to substance. Its not hype or over expectations. Its the fact that Company Versus brought forward a lot of interesting new drugs. The jp Morgan Conference sets the agenda for the year ahead in health care. They present to about 9,000 investors. The mood on day one was upbeat as one might expect after five years of out performing the Broader Market. Concerns on ceos minds, drug pricing, a debate that started to heat up around the cost of new medicines for hepatitis c and concerns for more pressure in other diseases. Theres been a modicum of pricing pressure for some time now. I think if you go back five or ten years were seeing much more focus on value. Were seeing patients demand more for the medicines theyre buying. I think thats a trend that will continue. I dont think its only diabetes and oncology. I think youre going to see that more broadly. But half a dozen Industry Leaders all had the same answer when asked about bio techs prospects for 2015. Asked if bio tech will out perform the Broader Market for the 6th Straight Year all said a resounding yes. And we should note that despite the sell off we saw on wall street yesterday health care is a brought spot. The S P Health Care index hit an all time high. Analysts are expecting a 16 rise in profitability. So this might be one sector to watch this season. Where would you be more focused the cheaper valuations with yields or the bio tech stocks. It will be interesting. Given that we have seen bigger firms buying them maybe its the bio teches to watch. It was interesting to see shire was up on the back of announcing the acquisition. Moving on an antiislamist rally joined record numbers. They were organized by a right wing group which the chancellor condemn for promoting prejudice. They held banners saying stop multiculturalism and stop the silent fraud. Charlie hebdo is set to print 3 million this week. It will feature a carton of the profit mohammed holding a sign. Stephan is in paris with more on the story. Hi will demand will be high for this weeks edition of the magazine on the back of the rally we have seen across the country. I spoke yesterday to my local news agent and he told me that some of the regular clients already asked the news agent to put aside one or many copies of Charlie Hebdo and thats why it will be printed at 3 million copies. Thats to compare with an average 60,000. And for the first time also Charlie Hebdo is going to publish its edition in many languages. 16 in total. We dont know how it had been spread across the country. In paris the president will hold a ceremony to pay tribute to the three policemen killed last week in the french capitol and later today the four jewish victims that were killed on friday will be buried in israel. The Prime Minister will attend the ceremony. And third in line for the french protocol and she will represent the country. In europe were getting more support, more comments from leaders. The head of the European Parliament paid tribute to the victims in france and also speak up yesterday to defend the freedom of expression. 17 people are dead. Their cartoonists, journalists and police officers. Theyre simply employees. Theyre simply citizens. Jewish people are dead. They died because they defend and emotions body that which fanatics dont want to accept which is criticism, humor, satire and freedom of expression. Meanwhile france remains on the now we just lost those pictures. We will be back out with him throughout the show though today. Another story that were watching though u. S. Central command says its twitter account is active again after it was hacked by isis sympathizers on monday. The group callposed threats and documents including the addresses of two retired u. S. Generals although none of it is classified information. They oversee u. S. Troops in the middle east and afghanistan and has directed air strikes against isis fighters in iraq. Twitter suspended the page shortly after it was hacked monday afternoon. Indonesias air transport investigator has confirmed it has received the cockpit voice recorder from the crashed air asia jet. Divers found it near the flight at a at a recorder yesterday in the bottom of the java key. Both will be key in determining the cause of the crash that left 162 people dead. Still to come will mark carney have to put pen to paper. We find out if u. K. Inflation fell well below the marke