Case. The headline is the judge has dismissed the competency case. The winds that fight. Chairman of a company that is privately held. He is also on the board for cbs. Good afternoon. I am alix steel. The great fed disconnect. There is a chance of a rate hike in june. They are warning to not cannot the fed. Torlet, there is a new vote impeach the brazilian president. Crudethe Worlds Largest exporter must find a way to compete against shale. Head over tos julie hyman. Its been a mixed day so far and i please. Julie there is not any reaction to the news about sumner redstone. He is 93. Lets look at the major averages. The dow is down a quarter of percent. It turned lower mid morning. It has not recovered. Fluctuate, averages its been in a tight range today. We bounce back from two weeks of losses. S p, weve at the seen that bouncing around a little bit. Here is not ae very big one. Weve been talking a lot about how investors dont have a lot of confidence in the rally. One of the ways we
48 handle. 38. Matt i believe it fell below that. Averages. W you major we are down across the board. The Dow Jones Industrial average off. 75 . Negative year to date. While the s p still holds on to its gain, the Dow Jones Industrial average is now down your to date. The nasdaq, still up it percent year to date. I have got the imap function up, which shows you what is going on throughout the year im sorry, throughout the day. Big loser. That same picture year to date as far as energy being a loser is off 22 year to date. I. T. And Consumer Discretionary are the big gainers year to date. Scarlet now. Alix now get to oil. Of course, falling on opec but the markets, i cannot imagine what the positions are right now adding in today. Do not know why we come to me on this one we have you on set. On crude, 3807. We have been below that. Obviously the implications of the opec meeting happened on friday. Not being able to put a ceiling at all, a lower ceiling, or any kind of ceiling. For plus,
A record low. To the weakest luxury good market for six years. Less than 1 of their revenue comes from online. Lets take a look at the markets. Hong kong and china currently closed for lunch. Here is how they were trading in morning session. Hang seng index nabbing the longest losing streak we have seen in decades. This is a picture in singapore, tokyo, and mumbai, asian stocks rebounding as fed day arrives. Well be back in half an hour. Time now for bloomberg west. Emily coming up, the governments new push to monitor social media. Terror threats shut down schools in los angeles. Apples areas 51 revealed will go live in taiwan for a look at the figure Production Lab. Slumping oil prices are casting a cloud on solar power companies. We will sit down with the ceo of sunpower to look at the industry profit forecast. First, to our lead. I want to talk about what is going on in washington. Joining us now, bill, a senior fellow on american broncos where he works on National Security issues.
London. Francine is not here. Shes been talking to santander. First, lets get you up to speed. Nejra Chinas Central Bank is said to have asked some chinese banks in hong kong to suspend offshore yuan lending. According to people with knowledge of the matter, the pboc also asked some chinese banks and companies to collect information about shortselling orders in the offshore yuan market. Tim cook admits he sees in china, especially in hong kong after forecasting apples first Quarterly Sales declined since 2003. Even with the Lunar New Year shopping season, china may no longer offset the broader slow down. Takenbank of scotland has 3. 6 billion pounds of additional charges to cover past misconduct. Th quarter charge includes a 1. 5 billion pound provision in relation to u. S. Mortgagebacked securities. That is your bloomberg first word news. Guy lets check in on the markets. Relatively quiet in some ways. This is the story. Ippingai comp round tr down half a percent. It was down 2 . A bi
Control the deadly virus. Also on the program, aaron is looking at funding behind Islamic State. Absolutely. I. S. Have managed to finance an army of some 30,000 soldiers. Were going to take a look at how private donations, extortion money, Bank Robberies and millions in oil funds everyday have made these people the wealthiest Insurgent Group of all time. Its midday here in london, 7 00 a. M. Washington, 7 00 p. M. Hong kong where prodemocracy demonstrators warn theyll occupy government buildings unless hong kongs leader resigns. Demonstrations have spread to new parts of the city as the territory celebrates chinas national day. Some protestors were heard booing as the Chinese National anthem was played. They want beijing to allow full democracy in hong kong by withdrawing plans to fetch candidates for the next leadership election. They continue to protest the main sites in the district, bay and mong kok. Its a Public Holiday to mark 65 years since Chinas Communist Party came to pass.