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being sued oftels laundered aliens dollars. hsbc says it will defend the case. those are the headlines. 24 journalists, 150 euros. journalists, 150 bureaus. chinese market closed for the lunar holiday. the nikkei down. back in half an hour, time now for bloomberg west. i am cory johnson, in for emily chang. this is bloomberg west. tradersk, solar city after investors send shares down 29%. could amazon become the next that x? a blueprint for a global shipping and logistics operation. corey: net disney reporting an interesting quarter. shares.ase in star wars driving most of the action. investors have been sending shares down as es en continues to see subscriber losses with rising programming costs. columbia,yst and from we have input. you would inc. that star wars would more than make up for a little weakness, but no. this was a real head scratcher. here you have a company reporting a record quarter and you still have a share trading down. investorr one issue on ....
overnight. big story. many markets are still closed for the lunar new year holiday, but the ones that were open got absolutely slammed. the nikkei in japan closing down 5.4%. it s been dropping for five of the last six sessions. main culprit, the dollar versus the japanese yen, dropping to its lowest level since november 2014. a strong japanese yen, a weak u.s. dollar. japan s finance minister calling the yen s moves, quote, rough, and saying he ll be watching it closely. as you d expect, exporters in the japanese market closed down sharply. toyota, nissan, honda, and sony all among the biggest losers. and check out the japanese ten-year government bond. the jgb. we ve been talking about that for a while. overnight, the yield fell below zero for the very first time. more negative territory for sovereign bond yields. it s absolutely stunning. and i think the yen point clearly crucial for this nikkei reaction. let s also highlight the point that yesterday the nikkei was up sl ....
john fort still at the mobile congress in barcelona. kayla and myself at the new york stock exchange as the market for a second day now we ll see if it gets back up again. we re down 2000 points after yesterday s losses. we have been in the red pretty much all morning long. s&p below 1900. crude in the red over 2%. we ll keep our eye on all of that. according to the ap apple will tell a federal judge that the fight against the fbi should be decided by congress and not in the courts. it appears the case is already not a one off decision. the doj is demanding apple s help in unlocking at least nine iphones in addition to the one used in san bernardino. he joins us to talk about that and a lot more. jason we have not taken your temperature on this one. i imagine you have to have some striking views. yeah, it s a very complex issue and it s one that we can t let the public s sentiment decide because obviously the public wants to see our country be secure. this is a comple ....
back against syrian kurds. japan s government has formally approved unilateral sanctions against north korea. it endorsed a set of measures drawn up last week by the national security council. the move is in response to a recent launch. translator: we are implementing measures based on the concepts of dialog and pressure and action for action. we are seeking comprehensive solutions to issues, kluge abductions and north korea s nuclear and missile programs. the measures include a ban on all port calls by japanese ships and other ships that have been to north korea. the government will now ask the diet to approve the steps. the cabinet ministers also approved stronger financial restrictions. money transfers to north korea will be blocked and organization and individuals involved in the country s nuclear and missile programs will have their assets frozen. some travel restrictions are already in effect. people linked to a pro north korean association are not allowed t ....
concern about the strength of the global economy, japanese shares are leading the decline. up more than one half percent. that is where the rate hike comes in,. . swaying the decision near near zero rate. janet yellen says it increases on the cards this year. australia is adapting to life after the mining boom, just fine, according to glenn stevens. the decline in the aussie dollar has boosted tourism. sustralia has cut rate twice this year to nearly 2% to spur investment and consumption. let us check out the asian pacific. there you have it. it is red arrows, as i said. and this was the late start of the day, off of japan s selloff leading the way. it is down 1.5%. south korea as well, we have central bankers making comments this morning. equities down 1/10 of 1%. really a culmination of reaction after they released the statement, janet yellen takes questions from reporters in the news conference. here s a bit of what she had to say. janet yellen: the central open mark ....