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friday morning. breaking news across the bloomberg number the chinese authority in banking are taking action for those banks that they consider our lending perhaps a little bit too fast and too furious. we saw the loans hit record levels this week. this concern about indebtedness of the chinese population at large, and the corporate overall indebtedness expanded over 200% per capita. the people s bank of china are determined that some banks who have landed too fast, they have raised the reserve required ratio. this is according to people familiar with the matter. this will be regional banks, among the lenders, seen as overstretching themselves. they did not give us any additional details, and terms of the banks that were actually affected. or how much the reserve requirements would actually impact the marketplace. of course, this is all about china rebalancing exactly what is going on. let us take the conversation, you were looking at the currency there, the yuan ha ....
inister moments ago. caroline: he is back to make an grem to put to the u.k. voters. he will only do a deal if it is what britain needs. if get what is the u.k. needs. the pound trading lower versus the dollar at the moment. tom: we welcome you to our first word news. a couplor headlines crossing bloomberg now about the u.s. government. the u.s. government memo shows world strategy to access phone data. the white house is having meetings on encryption. we ll continue to update you on that. the meeting in brussels, the british prime minister is pleading far deal that he can take to british voters. eastern european leaders don t ike his demands. plans to protect london s financial industry. rance is willing to relax pope francis is willing to relax birth pposition to control. the u.s. says that defeating the islamic state is the overwhelming prort. a new bloomberg politics pole shows that hillary clinton holds a commanding leevered bernie sanders in south carolina. a ....
the nasdaq has actually been leading today. that is a bit of a switch. technology has been going in the same direction as other averages but an exaggerated move. a different scenario memo we have seen recently. the s&p and dow remain lower and they remain lower than oil prices peered yesterday, we saw stocks drifting lower even as oil held up well. a different story today. if you look at oil, we re seeing it down 4%. it bounced off the bottom, but still below $30 a barrel. oil stocks are weighing on the major averages. we are seeing a lot of big percentage declines among the energy producers. southwestern energy company particular, down 14%. murphy oil, devon energy, a lot of these energy companies have come out in the past week or past couple of weeks talking about various ways to raise cash, whether it is sharing selling shares, cutting dividends. that has been weighing on them, also. alix: a lot of these guys reporting earnings next week like southwestern energy. a ....
we re talking about the headache for finance ministers the exclusive interview with the treasury secretary jack lew. tom: i sure david westin will touch with the secretary on the global slowdown. we are certainly seeing that in the markets. also, the idea of is america buffered by the oceans and of mexico and canada? can america stay removed from some of the challenges? thouge markets are on the move s morning. is the world extremely globalized when we see nations such as the usa into u.k. wanting to be more in sealer. insular. trump pushes closer to the nomination with a victory in nevada. marco rubio and ted cruz were battling it out for second place. pointsan 20 percentage behind. he spoke at a victory rally in las vegas. mr. trump: if you listened to the pundits, we were not expected to win much. now we are winning the country. in june, the country is going to start winning, winning, winning. announced ons super tuesday more than one dozen states and territories w ....
presents the budget. we are live in a mumbai. we are live in mumbai. good morning, hans. i think greece is back on the agenda, or should be back on the market s agenda. hans: it is the entire european union. there is a sense that angela merkel is living this suspended disbelief. a little bit of this came through in the public broadcast she did last night. president was released from prison after the tax evasion. two big stories dominating a german headlines this morning. guy: the pboc did not step up. we have a lot of data this week. plus, we have payroll numbers. so, we are 30 minutes away from the market open. . about the future. let s talk about the future. shanghai is down pretty hard. this is the wei function. ares like european equities down by around 1%, hans. hans: yeah, that is really the story overnight. the disappointing reaction in asia to what the g-20 did or did not do. we have the shanghai down, it looks like all most 3%. $1.13llar yen is in that leve ....