i want to hear more about the fabulous four from the fed. a busy day at morgan stanley in tokyo. francine, are the many articles of mystery of why the yen is stronger. the most sophisticated prose. there is a mystery to it. john letter says they were talking about these trades and he himself can t figure it out. we will delve deeper into that. first, let s get to bloomberg first word news. here is vonnie quinn. david cameron is acknowledging he had a stake in an offshore fund set up by his late father until six years ago. cameron has been under intense pressure to provide details of the interest in the holding find it since it was mentioned in reports after the disclosure of the panama papers. cameron previously said only that he, his wife, and his children hold no offshore accounts and one that in the future. state john kerry is in baghdad at this hour on an unannounced visit. he is meeting the iraq prime minister and others. the trip coincides with military advances against
saying. tom: the we ll focus on the i.m.f. has to be the great phrase of 18 months, madam lagarde, the new mediocre. i don t think anyone s changed, francine. they re still talking about the new mediocre. francine: right, except the immediate oaker is maybe getting a little bit worse than it was 18 months ago. let s get straight to plorg s first word. here s caroline hyde. caroline: another casualty of the panama papers, this time it s spanish industry minister. he resigned after giving conflicting explanations to a fund. he initially denied any involvement before backtracking and calls for his ouster intensified after the newspaper report yesterday. another blow for brazilian president. the country s supreme court has rejected a motion to stop an impeachment vote against her that s scheduled for sunday. it s just the latest defeat for the battled leader, who lost support from key allies this week. the high court voted 8-2, rejecting her claim the voting plan procedures are
chinese factory activity fell to the lowest level in three years. that reinforced concerns that china pot slow down is getting worst during is getting worse. futures in new york have fallen as much as 4% today. they had risen 27% in the three days through yesterday. to build obama wants new coast guard icebreaker that could operate year-round in the polar region. the president will pose that today in alaska, part of a three-day trip. focusday mr. obama s was on climate change. he says it will define the century more than any other challenge. president obama: human activity is disrupting the climate. climate is that changing faster than our efforts to a dress it. vonnie: temperatures in alaska have risen twice as fast as global averages. apple tv may be going hollywood. bloomberg news is reporting entertainment executives holding talks about exclusive shows for apple tv. appled allow apple is planning a live tv service. in tennis, serena williams first round match of the
present move. that is clear. whether or not it will suffice to get inflation which would be satisfactory is another story. markets are betting that mario draghi will announce a bond buying program next week at the ecb meeting. another rally in oil and a did not last long. it rose on a 6% after relative strengthening. it was oil s biggest increase in 2.5 years. today, prices have fallen almost 2%. west texas intermediate is trading under $48 a barrel. while bright for blackberry investors. shares fell as much as 17% in extended trading after simpson denied report that samsung was in talks with to buy the canadian smartphone maker. meanwhile, struggling electronics chain ready of shaq may file for bankruptcy protection as early as next month. that according to the wall street journal. radioshack has lost money for 11 quarters in a row. this is beyond cool. after 19 days that is what amazes me most 19 days, two athletes consider what many considered the most challeng
i am not making political statements. olivia: a number of republicans backing to give more power to the feds. greece is counting on the european central bank. they country must make a payment to the imf in march. the ecb owes greece more than $2 billion from a bond selling program. he says the ecb should hand the money to the imf. this is not borrow money. it is our money. our normal payment to the ecb. why not have the two institutions find it amongst themselves a way of transferring these funding. investors are showing confidence in the new greek reform proposal. almost $800 million returned to greece bank accounts. in ukraine, the cease-fire may be taking hold. no attacks by pro-russian rebels overnight. the country has another problem. they are losing more than 50% against the u.s. dollar this year. the central bank imposed a ban on foreign currency but lifted it yesterday. two suspects were planning to go to syria and join a terror group. two of the men are from