hello. you're watching "worldwide exchange." i'm ross westgate. >> and i'm julia chatterley. these are your headlines around the world. >> ukraine's acting president calls an emergency meeting. he condemns what he describes is an armed occupation at the airport. luxottica is hit with tax issues in the fourth quarter. there is speculation the

central bank will widen the country's trading ban. and janet yellen says she needs a firmer handle on the data before she can blame the weather for recent weakness. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> warm welcome to the show. plenty of moving towards surrounding ukraine. >> absolutely. we just heard in the last few minutes the ukrainian prime minister separating out the political noise we're hearing for the economy. he said they're taking clear steps to provide the ukraine with international financial aid are being taken right now. they accept the ukraine is independent. they hope to boost reserves and

stabilize the situation there. they talk about the imf here, too. they expect record credit instruments from the imf to increase saying to them that they will provide funding in the next couple of days if they can agree with it. and a key priority, of course, is to fulfill the conditions from the imf. we'll bring you up to date with all the details of what's going on in the ukraine and the region in a few moments' time. >> here we are an hour and two minutes into the trade in europe. and fairley steady at the moment. advancers outpacing decliners by around about 5/4. yesterday, the ftse ended up 11 points while at lunchtime, the s&p up 9 points and the nikkei up 0.4% this morning. the ftse fairley flat at the moment. xetra dax is up 0.3%. we've got unemployment and inflation data coming out a little later for the eurozone.

the inflation data will be key. a good step down to the inflation number, 0.05% which will really load up the pressure on the ecb at its march meeting to deal with the threat of deflation. the cac 40, ftse mib fairley flat, as well. a number of stocks in focus this morning. luxotica disappointing today, stock down nearly 3%. had a $27. euro charge in the fourth quarter, hitting net profits down 65% in the final three months of the year. iag, which is the owner of british airways slowing a little bit despite growing profit in the fourth quarter boosted by performance before british airways today. most of that performance comes from british airways. still problems at iba and that should swing into profit during the course of the year. and erste bank, the australian

lender proposing half its dividend after net profits slumped 47%. now, we expect to see quite a downward revision today in the gdp. remember, the annualized rate in the first months since december, 78%. that keeping pressure yields lower, 2.64% is where we stand today. at the start of the european session trading bonds yesterday. take a look at the fx rate. dollar catching a breather after slide. still a little shaky on ukraine. eu euro/dollar, back over 11.37. dollar/yen, back below 102. we see the ban widening for chinese yen trading. pound back up to 1.6732. not far away again from those risen 3 1/2 year highs. that's why we stand in the moment here in european trade. let's recap what's happening on

the last trading day of the week in asia. delighted to say sri is making an appearance on cnbc. >> remember tomorrow, on saturday, we will have the official release on the pmi numbers, the manufacturing data. so the market positioning just ahead of that. at one point, we saw a choppy session, indeed. but at one point, we saw slippage to the tune of wul owel over 1%. we saw a little bit of composure on the broader market. consensus opinion is the pmi will come in about 51, still representing an eight-month low in terms of that key indicator. a lot of distortion still associated with these numbers. so even if we see slippage below

50, the broad expectation is that we won't see much of the impact on the markets because the markets were expecting this type of relatively negative reading. on wards to the japanese market, we've got some very solid data. i.t., industrial production beat expectations. similar story for retail sales, but the markets were blind-sided once again by what is happening with the japanese currency. dollar/yen slipped below 102. more head whippeds for the exporters and by implication the broader market. given all the risk aversion, given the events in ukraine and given the uncertainty over the trajectory of the broader chinese economy, nobody really wants to commit to any large positions heading into next week. back to you now. >> sri, good to see you. catch you later. thank you. we just heard from the ukrainian prime minister this

morning. positive comments as far as working with the imf to stabilize the situation there. meantime, an airport has been seized in another escalation between the new government in kiev and pro russia supporters. ukraine's interior minister called the action an armed occupation while russia has reportedly denied any involvement. president putin, though, has ordered his government to consider a request for humanitarian aid. nbc's jim maceda is in russia. the parliament yesterday promised a referendum on the country's future. what more is needed, do you think, to stabilize this situation? >> well, that's really going to be up to vladimir putin. he and russia are calling the shots with the pro russian

faction inside ukraine. it's fine for the pro russian faction to want to have a referendum, but if russia isn't ready to accept these people and to accept a splitting apart of ukraine, which it says it hasn't been ready to do and won't accept, then that situation will simply two forward as long as putin wants it to. and in terms of the actual flash points, the tension is -- we haven't seen it this bad since this crisis began in krimiea. it wasn't just one, turns out it was two more airports hit today. there was a siege by these russian speaking military types, although russia denies any involvement at all of its military. and it looked like a repeat of yesterday's incident where similarly armed adults seized government buildings. today it was a commercial

airport in the capital of ukraine. gunmen were looking, they say, for ukrainian guards. when they didn't find any, most of them left. some vinl lg lantys are staying behind. meanwhile, at the military airport, it looks like a standoff. >> it all comes down to vladimir putin. do you believe he's made his mind up yet of how he wants to handle the situation? >> i've spent a lot of time talking about putin over the years.

the problem is, of course, that you've got two strands. you've got two tracks with russian policy, especially vis-a-vis its abroad. on the one hand, we're seeing a page torn right out of the soviet cold war play book, trying to set up two opposing sides, make those two sides somehow spark off and set off the confrontation which would allow soviet tanks or in this case russian tanks to come in. we're not there yet, but it's playing out in that kind of scenario. but then you have the other putin, the one who came out today for the first time, by the way, since yanukovych stepped down or fled. here he was saying it's time for reconciliation, he wants to see cooperative moves with the imf, with his partners, even with his ukrainian partners to try to reach some kind of a deal.

that's the problem for the west, you never know which problem you're dealing with. hopefully for ukraine, it will be the latter, the statesman and not just the cold warrior. >> we'll have to wait and see. thank you so much. interesting to hear your thoughts there. the property management at joins us now. this morning, we've had more positive signs that actually deal with the imf is going on there. no one mentioned the eu, i noticed. but this is a solution, isn't it, the imf option? >> the imf have a long history of dealing with ukraine. it's not a very good story. in 1994, neglected and many times -- >> you said it. >> yes. >> they were here before and they didn't take the deal. >> yes. >> why is this different? >> today there's not a choice. in the economic situation and the political situation, the

economic situation is critical. in terms of solution would be a solution with the imf, eu as well as russia. >> russia and the eu aren't going to work together. >> well -- >> they have conflicting -- the reason yanukovych took the money originally was because it was implied that it came with no conditions. i'm sure there were conditions in it. whereas the imf, b the eu had conditions. >> if you look at the economic situation, ukraine today looks at -- for all 15 billion and there's 16 billion contact on this. you have 3.3 billion of unpaid

gas bill. the gdp is not going and the uncertainty uncertainti uncertainties in this situation -- if you look, the growth and a few years after the growth is at 2%. this kind of revolution has been very, very big impact on gdp. and i will not be surprised if the gdp will be down around the likes of 8%. >> we've seen that luke with greece having to accept conditions. another flash out, ukraine temporarily introducing a ban on foreign exchange withdrawings. they'll law the currency to weakness. it's been quite dramatic the last couple of days. >> they were down 23% this year.

it's good for a company. because for the banking system, this kind of shock, this kind of big movement will probably imply bank capitalization. >> and we're saying this morning that the central bank will continue to provide the banks with as much liquidity as isny needed. >> chief janet yellen says the central bank will try to get a firmer handle on how much of the recent data has been caused by the weather. yellen suggested she remains confident about the economic recovery, but she said the fed's current tapering policy could be weakened if there was a significant change in the outlook for u.s. growth. >> asset purchases remain on a preset course. if there's a significant change in the outlook, certainly we would be open to reconsidering. but i didn't want to jump to conclusions. >> today, the u.s. government will release its second division

of the gdp stat. economists predict growth is like will ily to be lowered to 2.5%. they're blaming weakness in trade, inventories and consumer spending. yanic is still with us. in addition to the gdp here pretty much in the price, interesting u.s. markets chose into janet yellen and that is that she's a dove .not on auto pilot. >> usually this kind of committee and with the previous chairman, it could have been harsher. she has very soothing words. she's quite good at convincing political leader. right now, everybody knows that it's quite difficult to read into economy members.

we have seen quite a lot of bad numbers from construction in terms of industrial production, in terms of, you know, consumption. very quickly, we need to see some better numbers to make sure that we know the economy is growing by, what, 3%? >> presumably. the implication is there has to be significant fed changes. we know things are working out all right. >> they will lead have been, very -- to go to not continue. everyone expected that on the 19th of march there will be another 10 billion.

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now home to two of asia's bitcoin atms, but recent questions surrounding that. we'll take a look at that a little bit later. something else we'll look at now, central bankers and finance ministers shot to frankfurt yesterday for a two-day meeting held by the bundes bank. subjects up for discussion are the upcoming stress tests and the banking union. if you want to talk about

bitcoin, though, feel free. >> no, actually, bitcoin wasn't really on the agenda at the bundes bank symposium which started yesterday and it's lasting today. it has a very interesting title. the symposium on financial stability and the role of central banks. the role of central banks defines quite quickly and that is just to concentrate on price stability. the old bundes bank mantra was repeated yesterday again and again and again. but today very high on the agenda is the topic of bank regulation and the regulation of shadow banks. caught up exclusively with the bundes board bank member and ask him about whether he thinks the banks are at systemic risk currently. >> actually, through discussion about banking, i think the attitude of those market participants has is much better. you were mentioning the private

equity sector. the private equity sector by far is not leveraging up as much as the sector did in the past and they're putting equity in transition. this by itself is the most dangerous part. but there are other parts of the so-called banking sector including u.s. style money market funds, which perform a role which is normally performed at the banks and which needs monitoring but potentially regulation. >> when talking about financial risks these days, one also has to talk about emerging market risks. are you concerned about risks stemming from this group of countries? >> to some extent, the investor view about emerging markets has changed. still the first discussion of tapering in the united states

and the market has come to a different view. having said that, emerging markets, which are being now observed much closer have to do domestically what they need to do and coming back from the meeting at the g-20 in sydney, i can tell you that everybody knows what has to be done. all in all, i think it's fair to say that if you look to the imf data and to the other international data, that the overall economy, global economy, is not being derailed by the situation, but that we are going towards growth, steady growth, which means that the overall economic recovery is still on track. >> a little bit more than an hour, the finance minister of germany will actually speak at

this event about, most likely, the role of central banks and also the situation of the german banking right now. in the arch, even mark carney is here to speak about in a panel how far actually regulation should go when it comes to market participants which are not necessarily banks. so what we have been hearing from the super return guys in berlin, the private equity companies, of course, that they are more and more stepping into the void left from the banks is one of the main topics here in frankfurt, how actually to deal with that, because of course nonregulated lender or so-called lenders might pose a potential threat to financial systems. for now, i'm sending it back over to you. >> thanks very much, annette. great to chat with you. i want to get back to this point. you can pick up on the point

that we're seeing about the impact being made in emerging markets. we saw the bond markets rallying yesterday. not just the core in europe, but also the periphery here. two things here. some kind of adjustment across the world, but also emerging markets. >> so far, the eurozone has been seen as a safe haven. and the flow moving away from the matter into markets and especially two years ago in -- flow with that gun to germany or netherlands or finland. to those going into the entire eurozone and, in fact, a lot of it is going to italy, shape, and ireland. so they are benefiting from this move. >> and they say continue? >> yes. all in all, if you look at the situation, growth is a fantastic figure, lender, the inflation this morning, it will probably

put pressure on the ecb. we see the loss of community, the central bank will be the ecb ends up and it should benefit both the banking system and the bond markets. >> spanish five-year paper. >> and now you don't have -- nowhere near the -- nowhere near the end b where it was six months ago. >> convirgin play is extraordinary extraordinarily strong. >> again, i think that -- i get that, but it's why it's happening. i'm asking if the fundamentals

justifies the price action. >> nevertheless, you know, dating flows and the price are less flows. >> thanks for now. the 86th annual academy award takes place in los angeles on sunday. captain philips, american hustle, dallas buyers club -- >> how many is that? one, two, three, four, five, six, seven, eight, nine, nine films up for best picture.

>> anyway, out of that nine, which is your top pick? join the conversation on "worldwide exchange." get in touch. >> i think obviously -- >> you know, worldwide@cnbc.com, tweet direct to us @cnbcwex, @rosswestgate or@jchatterley. >> jennifer lawrence, i want to win best supporting. she's amazing. >> yeah, we'll see. coming up later, a man has been charged with hacking into computer services belonging to the federal reserve. the question is, we'll take a look at that story after the break. plus, signs from u.s. retailers gasp on earnings, but warns it will take a look at

retail. we'll get the readings later on, as well.

headlines from around the globe, ukraine aes acting president hats described an

armed occupation of kiev airport. luxottica is hit with a major tax bill and fourth quarter profit is sent tumbling. and fed chair janet yellen says she needs a firmer handle on the data before she can blame weather for recent weakness. investors gear up for a likely downward revision in fourth quarter gdp data. >> just to keep you updated with the latest development, we've heard that the central bank temporarily sprues a ban on foerp exchange with withdraws around $1500. we've seen a significant depreciation in the ukrainian

currency. there's a belief that they want to allow that to happen, but smoothing that process is very important now. significant liquidity to the banks, they're saying that the key parity now is to say this morning the primary goal is to meet the imf conditions. >> mean while, european equities are trying to nudge higher. in the end, the ftse was up 11 points. this morning, they're starting to decline. the xetra dax is flat, cac 40 and ftse mib also down around 0.3%. we have unemployment and inflation data coming out in the next half hour, which will be rather key for sentiment. >> obviously, equity markets managing to rally yesterday. rallying in the bond markets session yesterday to taking u.s. ten-year down to 2.65% to a three-week low.

similar stories as far as gilt is concerned. you can ten-year gilt is at 2.67 and the periphery still rallying there. ten-year yields at 3.47% for italy. >> we are at the moment 101.71. the euro/dollar, 1.3709. sterling, 1.6722. not far away from the recent 3 1/2 year highs, as well. in japan, the economy rolling ahead in january according to the data. core cpi hitting 1.3%. while retail sales and households were up, it was factory joup put that sprys the most jumping but its quickest pace in more than two years.

joining us with his thoughts, thanks very much indeed for joining us. what do you make of this data? bearing in mind we're still waiting for abe's third arrow to be fired. >> i think we can forget about abe's third arrow. it's been over a year since he became prime minister. we have seen absolutely no progress in any of that reform. there's none. i think we can safely forget about any structural reform. >> if we can forget about any of the reform, when we get the reform, we'll see things change. if we're not going to get it, where does that leave us? >> well, i think we could, with

a bit of exaggeration, i could say the end is near. as they're showing today's data, japan has been enjoying one of the best growth year. retail sales, because of the expansion this month, retail is at the best since 1998. we actually are going to see the economy slide from april. >> this is nothing more than a cyclical rebound rather than something -- is this another big head fake from japan, though. >> coupled with fiscal stimulus, monetary spending, all of these factors are about ten. >> i find that rather depressing. a lot of money is going into

japan and we were thinking this time is different and you're saying no, it's not. >> you're right. i think unfortunately that's the case. of course, never say never. there are chances that the policymakers could make good on their promises. but it is more likely that abe-nomics doesn't add more. >> we saw a $2.4 had billion instrumentry budget this year. they're going to throw more money at this, aren't they? >> they could reserve. if they keep up fiscal spending and if the boj put on more than they promise, yes, there's a chance that this economic boom in japan could continue, say, for one more year.

but where does that lead? >> yeah. where does it lead? thank you. good to see you. have a good weekend there in japan. >> nowhere. i like the song on the road to nowhere. >> i don't know it. sing it. >> all right. >> just asking. >> a couple of flashes across the wires regarding a bitcoin exchange. apparently filing for bankruptcy protection according to dow jones. also a suggestion that there may be a news conference on friday at the tokyo district court. we're hearing, as well, that they filed for rehabilitation at that tokyo strict court, too. again, anything on that, we will keep you updated. but despite -- we're on the road to nowhere. no? >> they're trying. talking of bitcoin, there was a reason for that. despite bitcoin's recent set

back, reach continues to spread across asia today. hong kong got its first bitcoin counter. customers can pay cash and send the bitcoin to a digital wallet. the entrepreneurs behind it say the shutdown isn't the end of the virtual currency. >> physical currency is relatively new. but so far, true, it's up and down. so on you have seen it proving itself to be robust. also crash any other service of good. also any other process. so, yeah, i would say my face is still not shaken yet at all. >> japanese finance minister says his government is still studying the bitcoin situation and doesn't have a stance just yet.

regulation should be a global effort to avoid loopholes as opposed to the enormous hole. >> we can't do that on the broader issue like the banking sector. >> we don't have any regulations. we had no on regulation at all. so it's just one massive hole. >> a global loophole. >> yeah. >> we're still on bitcoin. federal reserve chair janet yellen weighed in on this topic yesterday. she said the fed has no power over the electronic currency. >> the fed doesn't have authority with respect to bitcoin, but it certainly would be appropriate, i think, for congress to ask questions about what the right legal structure would be. >> on the side, china is positioning itself in the internet age with president xi

jinping to sign up for online security. the body will mainly coordinate internet security between government and industry. >> making china the slide in the chinese -- picked up speed today since the u.s. dollar was removed back in 2005. there are a lot of people here saying this is about injecting two-way risk into the market ahead of a widening of the band. but what about them looking across at japan, seeing the japanese yen weaken and their terms of trade declining? what about that? >> right. there is one school of thought that some people are saying that it could be possible that china is looking at some of the weaker currencies across the region and saying how competitive are we going to be in other asian

currencies are weakening? but we are still seeing a very strong renminbi. however, most people at this stage still believe the government is intervening in order to try to prepare the market for what you just said, for the idea that there's going to be wider trading in the currency. currently right now, the currency is very controlled. it's highly managed currency regime where you see a rise and fall of about 1% at a fixed mid point. but now people are talking about how could possibly -- possibly as early as next week be wisened to 2%. another strain of thought people are talking about at this stage is that the government is trying to send a signal that this wouldn't be a one-way bet any more, that the currency is indeed strengthening, but it also could weaken that not everything is going to be going up in china, guys. >> eunice, thanks for that.

good to see you. plenty more to come on china, actually. we've got chinese manufacturing pmi for february due tomorrow. the official figure expected to dip to just above the contraction to 50.1. the final readings released on monday when china's leading political advisory body, the cppcc kicks off its annual meeting. and fast retailing releases its february sales in hong kong. people's congress kicks off next week. head to cnbc.com to find out what's on the agenda and what's at stake. still to come on the show, hollywood is gearing up for its most important night of the year. it's also the oscars. who is going to win big? >> we'll get out to l.a. to take a look at the favorites. there's nine of them for best picture nominees. we needed 30 new hires for our call center.

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india's economic growth will likely face below 4% in the

fourth quarter. joining us from mumbai with the preview, ekta. stuck in something of a rut with the indian economy. what is this data going to tell us? >> hi. thanks for that. gdp will be outside 30 pmi which is going to be firstly in the indian equity markets closing now. this will allow 4.8% that we did in the previous quarter and 4.5% that we did year on year in basis. the consensus is around 6% ip growth. it is expected to be real

percent this quarter and remember there is an expectation that industry could be -- for the decline. rbs at minus 1 is% growth of 1% this time around. moving on to services, which is whether it complies with transport is expected to grow 6% this time around on a conservative basis. now there is an expectation, as well, with transports leading the decline. remember, it has been this slow anywhere between 3% and 4% in terms of the growth in the past few quarters. so it is expected to be a fiscal gdp growth led by industry. but remember that the central statistics organization of india has set out a figure of 4.9%. so in order to get to 4.9%, the economy has to add at least 5.2%

in these two quarters, which includes this quarter's gdp data. and more simply, the competentists are skeptical. >> we'll find the number and get -- we'll have to wait until monday to see what the market react will be. good to see you. thanks for that. have a great weekend in mumbai. >> lee, i know you're expecting something below consensus, 4.7% year on year in the fourth quarter. as i look from manufacturing to consumer spending, they're all incredibly sluggish. india is relying on export growth here to lift these numbers as we go forward. >> yeah, that's true. the thing that's essentially going to hold back growth going forward is you have growth related to some physical constraints, b but there's a lack of basic infrastructure. there's also a rel ofly high degree of leverage in part of the corporate sector that's also

in a sense growth, inflation remains high for consumption or investments. and then also because of the high level of inflation, imbalances you have because of the current account deficits, you need to keep monitoring fiscal policy quite tight. you have to be a lot deeper into the upcoming fiscal year before you see contraction growth and that has to come on the back of implementation of projects, some of the economic reform issues that have been announced since may 2012. >> so i guess may is the key if we're looking for measures like this to be introduced. do you think that's going to be a turning point for the country? >> well, i think there's a few

questions about will the government get enough of the mandate and therefore be able to, on the back of that, implement policies, but that remain toes be seen. so it might not be easy for some of the incumbent parties to necessarily muster the vote they need to have. but it's true, post elections, you know, in principal we should be more a possibility to get more on the petition side of these policies, let preoccupation with elections nearing, if you will. the kick start of the investment cycle, all of that cannot be turned on overnight. it takes a while before these types of reforms kick in and have an impact on growth. >> are you -- how comfortable are you that those structural reforms will be enacted and implemented? >> well, you can see some of the

message is already in the pipeline. so the current government projects cabinet committee investments, so taking it through some of the key hurdles on the administrative side. they're likely going to trickle out over the next 6 to 12 months by themselves and maybe to some extent it was speculation from the economic outcome. it very much depends on how they knew the parliament would be, the -- of a new government. if it's not a very strong mandate, it could be difficult. >> what is priced for international investors in terms of the currency and where they're pricing other assets? is there value or is it still too uncertain, the outlook? >> well, i still think there's

some hope built into the pricing now in terms of what the elections could ultimately bring. there could be sort of a turn around on that side there. i think if you look at, you know, the fx for that matter, i think right on now at around 62, we probably think it will remain relatively stable around that level for most parts of the year. we don't see necessarily much risk on one side or the other. but again, some adjustment, as well. these things can turn around quite quickly. >> the latest leak from former nsa contractor edward snowden

says millions of webb cam chats between yoo-hoo users were intercepted. the surveillance program code named optic nerve saved one image from randomly selected chats every five minutes, storing them on agency databases which were then shared with the nsa. yahoo! says it has no knowledge of the interceptions. good luck with that. a british man has been charged with hacking meanwhile into the u.s. fed's computer system. barely love is accused of skimming off information of more than 100,000 people. it's expected to have cost the u.s. at least $1.37 billion. now, the 86th annual academy awards takes place this sunday. cnbc's jane wells has been taking a look at contenders for

cinematic glory. >> heading into the oscars, rarely has there ever been so many films up for best picture or has it been so difficult to predict a winner. >> i will not fall into despair. >> people working for me. >> by sheer numbers, gravity and american hustle both have ten golden globe nominations. but in terms of box office success, the oscar boost ends sunday. it started the day after nominations. for example, 12/slaves says tsh. >> they add a lot of those feeders, maybe finished in theaters. suddenly you have a hundred theaters added to capitalize on

that new found oscar notoriety. >> american hustle got some money from sony, but also from foreign distributors who signed on before one frame was shot. >> and there's just a lot more -- that i've seen around, maybe ever. >> and netflix is reshaping hollywood this oscar season. it's not just creating competition for film with original on tv. it helped finance and distribute the square of the best documentary, the first film ever nominated from egypt. and due to platforms like youtube and netflix, "the square" is reaching audiences never heard of. it frees you to this bell curve

audience. together, that's a loud voice. >> as we head into sunday night, the bad news for the film industry is it's facing more competition for consumers time, attention and mope. everyone has agreed that competition has made the movies better. jane wells, los angeles. >> tweet us or e-mail us and tell us which film you think should take the prize. mean tile, here to come, dovish, weakness or something else intie entirely? [ male announcer ] meet jill. she thought she'd feel better after seeing her doctor. and she might have if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. every year, millions of americans just like you

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welcome to "worldwide exchange." i'm julia chatterley. >> and i'm ross westgate. the u.n. continues to tumble on speculation the central bank will widen the currency's trading ban. and janet yellen says she

needs a better handle on the data before she can contribute losses to the weather. plus, beating the street with fourth quarter firls for gap and duckers, but the terms could bring disappointing guidance for the rest of the year. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >> welcome to "worldwide exchange." just joining us stateside, the start of your global trading day, we kick off with an important inflation number out of the eurozone. 0.8% is what we got. there were some after we had suggestion german cpi being fairley weak, that it might go as low as 5%. that's the headline number. i haven't seen what the core is. 0.8% stronger than expected. it might be a sigh of relief for the ecb, as well. because if it had seen a further drop, the pressure would be on

the march meeting. that's why euro/dollar has just spiked up to the session high, 1.3776. we'll get some reaction in just a few moments to that, as well. but anyway, that is a good number, i would say, for mr. draghi, who will breathe a little easier after that. we also -- let's keep our eye owes that. that's a quick reaction for that number. we'll come back to you on that. what do you make of that? >> i think it's in line with their forecasts. i think it definitely takes some pressure off the ecb. and i think from a market perspective, a lot of people are quite excited about the ecb due next week. and i think now the risk is that they have to do something very, very timid. and i think the euro's reaction is very understandable in that context. >> they can enhance forward

guidance. that would be a bad doorway of doing something. >> the jobless rate came in at 12% in the eu. that's staying at that sort of low, but it hasn't necessarily budged. and is we're keeping an eye on what's going on in the ukraine, as well. meanwhile, jules, where are we standing in terms of the future? >> slight weakness as far as the u.s. equity futures are concerned here. take it as you like it as far as yellen's comments yesterday noising the possibility of the weather impact allowing markets to rally yesterday. relatively muted so far, but still early yet. is for the s&p 500, yes, we made it above that 1800 level. relatively unchanged this morning. a mixed session as far as the european markets are concerned.

coming off some of the highs earlier, around 0.1% lower on the ftse 100. the german market higher by around 0.1%. the french market down around 0.2% and the italian markets here, lower, too, by around 0.2%. also continuing to watch, of course, what'sing two on in the ukraine impacting sentiment here right now. i can give you a quick update of what we've heard from the ukrainian prime minister this morning. they're trying to work together with the imf and adhere to the conditions that will be provided by them. they're going to continue to provide liquidity, actually freezing 18 u.s. bank accounts, audible a lot of things going on there. >> what's interesting about this

store, the -- right here. the euro is more risk off, more safe than dollar. we'll talk about that, right? >> we have really good demand for a seven-year auction in the united states. the yield today, 2.6% is where we currently stand at the moment. we were lower on the yield earlier on in the session. 10 on-year bunds at 1.57%. and on the currency markets, got down to 101.72 yesterday which was the low during thursday's session. moving on, where we stand at the moment, at that sort of level this morning. plenty of data out of japan. as we heard earlier, it may be the cyclical peak. and euro/dollar, getting the

benefit nearly up to 1.38 which is certainly the high for the week. boosted by that relief on the inflation numbers. let's recap what happened in asia today. sri is making a welcomed appear yaps for us on the last trading day of the week. hi, sri. >> mr. westgate, how are you, sir? i want to bring the focus on the shanghai composite. all things considered at the end of the trading session, it did hold up pretty well before the 2,000 handle. it was a choppy session at the end of the day the internet low his below 4%. the china, the pmi, the official numbers, manufacturing activity for february, remember that the prior data sets for the private forecasters have underperformed and there's a sense that tomorrow's numbers could be 50.1

or thereabouts, which would represent, still, a multi month low. the big question on the market is whether this is seasonal distortions for the chinese new year holiday. although once again, could it be something more insidious in terms of trajectory growth. we will wait and see. >> then the industrial numbers, retail sales beat expectations. but the markets were brought lower by what seems to be happening in the currency. dollar/yen slipping below 102. and thereby implication by the broader market. i would say on balance, there's still a lot of risk aversion in the asian markets just ahead of the weekend's data. bear in mind we get the final look from the hsbc on monday for

their pmi set. does this necessarily detail the depreciation trent pb as far as currency. if we see a number on saturday well below the 50 level, if it does undershoot by a wide margin, how badly are risk currencies going to get hit? >> i think they're going to get hit pretty badly. i think the key risk is that we have this hard landing scenario becoming a more serious risk. so i think it's the most important data point, the trajectory of the chinese economy is more important. a lot of investors have already sort 06 of made up their minds in a lot of country hes. the china risk is very, very hard to position for. >> thanks a lot for that.

we'll be watching that number on saturday. we won't be lounging by the pool, julia, that's for sure. back to you now. >> by the way, sri, we're very happy to reinstate your permanent anchor on this show. if you want to go for that. >> i'm ready and waiting. here i am. >> you passed the addition, so you're in. about to see you. have a good weekend. >> good to see you, mate. have a good weekend. we've had some flashes across the wires here on mt. gox, the bitcoin exchange. the ceo carpella saying he blames system weakness for the loss of bitcoins. they may have lost nearly all of their bitcoins according to the amount gox's lawyer was talking about as much as 2.8 billion worth of cash. he's saying that's due to improper access to its system.

that's the amount the gox lawyer is speak onning about now. total assets, around 3.8 billion yu yuan. >> we have to move on. janet yellen made her be lated appearance before the senate banging committee in washington yesterday. it seems the u.s. has been experiencing softer data in recent weeks. and today the u.s. government is set to release its second edition of gdp. growth in the second quarter lookicly below it from 2.5% to the 2.3% pace of last month. patrick o'keefe is with us, as well. patrick, it's night to see you. how much is going to be concerning because that actually is the real structural strength of the economy?

>> just some ancient history. it began with the government shutdown, we had repeated bouts of bad weather. consumer and business sentiment declined over that period. retail sales softened. what's important about this revision is that over the course of that quarter, the economy appeared to be accelerating. as the chair woman alluded yesterday, there may be something more that was going on beneath the surface. the economy may have been decelerating. not turning negative, but decelerating from the private quarter's fairley robust pace. >> by the time we know what's happened, in reality, we'll be focused on something else, won't we? and at what point do we make a decision about this? >> in items of the influences of whether it's weather or something more fundamental?

is that the question? >> because gdp gets revised to years. >> absolutely. and then we go back and rebenchmark again. normally the second revision of the data is where we see the majority of the numbers. i think this next read will allow us to whether or not there it's just weather or something else to the with the economy. fwiven bad weather, you would say that's understandable. but that doesn't explain the slowdown in the purchases being made on the internet or by phone. >> and so the markets look past any data we can see, it's backward looking at this stage, isn't it? surely that's the impact in q1 here now, too. >> i would say even q2 now.

if that extends into q2, that's a very, very big deal. >> the bounceback, when does that happen? we are approaching that point where either expectations have to approach lower as far as the data is concerned or are the markets likely to be surprised by a bounceback? >> yeah. i think if you look at payrolls, clearly we need to see a bounceback there pretty soon in order for seeing through the data that -- >> we see a very weak number for that february payroll. i think that will be a problem. >> what's your view on how this feeds into payrolls? >> the payroll number is given the number of disruptions again that we've had across the country, the payroll number is going to be influenced. but at some point, we have to make up the shortfall that we saw in december and january. i haven't done the forecast yet

for next week's number, but i do expect that it will be north of what has been the average, about 180,000 jobs per month. >> patrick, there's a lot of short this morning, but very good to see you. thanks so much for joining us bright and early. we do appreciate it. i'll hopefully speak to you next week. good to see you. >> looking forward to it. disappoints investors with an ugly outlook. i'll have all the details next.

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ukraine's central bank limits foreign withdraw from the country while the acting president calls in an emergency meeting. gdp data looms and yellen puts doubters of the u.s. recovery out in the cold. and the bitcoin exchange may have lost nearly all of its virtual currency that it held. >> what did he is, 2.5 billion? >> yeah, 2.5 billion yen. >> may be gone. >> yes, yen. let's take a look at today's

other top stories with the latest leak from former nsa contractor edward snowden saying britain's -- intercepted millions of yahoo! webb cam chats from 2008 to 2010. the program code name optic nerve saved one random image from chats every five minutes sharing them with the nsa. meanwhile yahoo! says it has no knowledge of the issue. a brit has been charged with hacking into nasa and the fbi. gap reporting a bigger than

expected profit in its holiday quarter. but the retailer which operates old navy and banana republic warns unfavorable exchange rates are ahead. gap shares trading lower in frankfu frankfurt, right now down 0.8%. shares of decker outdoor, the maker of ugg boots is seeing a big drop in after hours trade. it expects a first quarter lost, despite strong sales over the christmas period. shares trading lower in frankfurt, too, down 12%. >> with the cold weather, they might have done a bit better. people are buying serious arctic snowshoes. >> they're black, instead of color. >> they go dirty and dungy. maybe the weather was too bad. >> save your uggs for the better weather. >> meanwhile, shares of monster beverage get ago jolt after the

bell. the company reported higher sales than expected with energy drinks. monster beverage saw its profits soar by 12% during the three months ending in december. shares in frankfurt are up 1.3%. >> let's give you a look at what's on today's agenda in the united states. as we have been reporting, wall street waiting for that key revision to the fourth quarter gdp numbers. also coming out today, consumer sentiment and pending home sales. on the herbings front, liberty interactive, liberty media and nrg media will be delivering quarterly results. ukraine, a limit on how much cash can come out of its foreign exchange. more on that story right after this.

u.s. futures, currently called down. the s&p is currently down 1.4 points. the dow currently called down just under 4 points.

the nasdaq currently called down 3 points. >> ukraine central bank has put a temporary limit of $1,500 on currently withdraw of accounts. of course, we have those two airports taken by armed guards controlled by armed guards in yesterday. we've heard from the prime minister this morning saying the key focus is to get the deal with the imf to comply with the conditions that are needed. so that's a positive move forward despite heightened tensions in the crimea respect. what's your take here? >> it's a very uncertain situation. we don't think they're going to run out of cash immediately. i think we have some time to get the type of deal together. this is a very important country for a lot of different players around the world. so i think there's a chance that some kind of on financing will be lined up. but as we can see from the capital control, the situation is very, very tense. you only take these types of

measures when you have a crisis like situation. >> we've seen a bit of a spillover to volatility. we add in venezuela, we add in argentina, as well, the trouble that we saw there. what kind of stacking up are the cumulative issues in emerging markets? what do you think the investors should have? we are seeing spillover effects. >> obviously sentiment around emerging markets has been shaky for a year. now we have these tense situations, venezuela, argentina and it's not only those three. we have political tensions in turkey, which is the fourth country on the list. so i think the question mark, the question we need to ask is is the cumulative risk for emerging markets so high that investors prefer to be in the united states, in europe, instead? i think some are making that decision. that's dragging down the entire asset class. >> but i think it's actually a positive for developed market assets, not that we can see any kind of sentiment contagion into

what we saw in europe yesterday? >> the one asset that is benefiting now is peripheral bonds in the eurozone. they are benefiting because there is a slight back into the eurozone, which is remarkable. >> yeah, it is. the extraordinary thing is to see yield in the spanish paper today, 5 yield paper below 2% in the last 20 years. i understand the flow and the reason, but is there any way you can actually economically fundamentally justify it? >> well, i think it's like a multi year healing process. i think one thing is important is that the correlation has changed. so now the spanish bonds actually benefit when there's risk aversion almost and it doesn't correlate to its own equity markets. let's factor in old speculation. >> is the fed on auto pilot or isn't it? what are investors saying to you?

>> investors generally still think that the tapering is on track and something very dramatic needs to happen. i think what we really need to watch for, any fed speakers that hint that they're getting worried about this data uncertainty is going to be a big deal for the market. i think investors are too complacent about that. >> jens, thank you very much for joining us. still to come on the show, due to take place later today, we get to the core of the issues at stake. as we do so, reminder of where futures are currently trading going into the break. just indicating slightly weaker start at the open. called down about 1.5 points on the s&p. predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out.

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welcome to "worldwide exchange." i'm julia chatterley. >> and i'm ross westgate. >> ukraine issues temporary rare limit owes currency withdraws. bitcoin exchange mt. gox may have lost nearly $3 billion yen according to a lawyer for the company who is pledging full cooperation with officials. and fed chair janet yellen says she needs more information

before she can blame downward trends on the weather. plus, fourth quarter figures for fwap and deckers beat the treat, but there is disappointing guidance. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> events in the ukraine continue to dominate this morning. they have decided to temporarily put a freeze on bank accounts. and on foreign exchange withdraw. controls now in place. they have done this before in times of crisis, as well. so this temporary ban on foreign exchange. we don't know actually what temporary means in terms of time

scales. but this comes, of course, as well, with intense focus on the crimea where there have been reports of russian supporters taking over various airports, as well. jules has a look at where futures are trading. >> thanks very much, ross. the gapes around 0.5% we saw in yesterday's trading session after yellen acknowledged the possibility of weaker weather impacting the data. you can see the dow futures indicating down around 5 points right now. the nasdaq managing to trade at record highs yesterday losing around 3 points right now. for the s&p 500, similar story, losing around 2 points so far. we've heard about the ukraine and the headlines out there. impacting european market sentiment slightly this morning. the ftse 1 00 relatively unchanged, but slightly lower by

around 0.1%. the german market, slightly higher by 0.1%. the german market losing around 0.2% and for the italian market similar story, too. a little more negative as we push through the session. ross. >> thanks for that, jules. investors on this last trading day of the week, here is a recap of some some of the experts have already told us. i think all eyes will be on the euro both today and next week. we get an ecb meeting next week where we're going to look at the 2014 forecasts. they're not going to look pretty. we've been sellers of euro. we've been in and out of the trade. right now, we have recommended a short euro/dollar trade. i think that's 1.3727.

>> i look at that, what those markets are telling me, conversely, you know, the u.s. equity markets hit a new high yesterday. >> that has changed radically. they've been them for a long time. incrementally, things are getting better. that is a 180 degree reversal from where we were a couple of years ago. >> courtney reagan has this report. >> despite many retailers warning about the holiday quarter, many are turning in financials that aren't that bad after all. gap had earnings of 68 cents,

beating the street by two cents, revenue of $4.58 billion. just under the $had.6 billion wall street was expecting. the global specialty retailer issued guidance that falls below consensus for the full year which sent shares slipping after hours. gap announced its first store in china with old navy that opens in shanghai on jan 1st. deckers, the owner of ugg brands among others, reported a stellar fourth quarter. revenue and earnings logging records for the foot ware and accessory company. but buckers is forecasting a bummer current guidance with a loss of on 16 cents. analysts were looking for a gain of nine cents and that sent shares plunging after hours and, in fact, they were halted for some time. consumers did respond favorably

to the ugg brand over the holiday season. brands, though, improved 18% over last year for ugg. while weather isn't mentioned in the release, many speculate the particularly harsh winter helped propel sales of this ugg shoes. back to you. >> that's still to come on the show, hollywood is preparing for its most important night of the year, the oscars. plus, who will win big? we'll have the latest forecast. in my world, wall isn't a street... ...return on investment isn't the only return i'm looking forward to... for some, every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal.

you ukraine's central bank has put a 1500 currently withdraw limit. armed men seize military airports in the region. and an escalation between the new government in kiev and pro russia supporters. jim maceda joins us now from moscow. jim, we heard yesterday from the russian foreign minister. he said they weren't getting involved in a military basis on the region. we had the new prime minister saying this morning that actually they will continue to make that priority an agreement

with the imf here. it looks pretty positive. do you believe the situation can be maubed at this level or are you still concerned about what russia chooses to do here? >> no. personally, i think we just don't know yet. i mean, there are encouraging signs of what this current standoff in crimea, for instance, where the main flash point is. this will go either way that russia wants it to go. it will remain status quo. it will get worse or on it will get a little better very quickly, depending on russia or vladimir putin's moves. in crimea, there has been where ethnic russians live. so far, vladimir putin has rejected earlier requests to split from ukraine, so there

could be a lot of showing of force in these moves. and then that really gets us, julia, to the issue of the confusing, often contradictory signals coming from vladimir putin. on the one hand, you've got over the past number of days rationing up of tensions, one pro, one anti-russian. the war games going on on the border. it's a page out of an old soviet playbook. we heard today from the what i call the other putin. he came out sounding really constellatory, ordering his government to cooperate with foreign and ukrainian partners on developing trade and economic relations with ukraine. and that's really been the problem for the west. and an old friend told me many times that he was pulling his head out over there because

there are two put yips. you've got the cold warrior and the more modern statesman and you just never know which one you're dealing with. >> jim, thank you for the update. as you say, let's wait and see which putin we get on this front, jim maceda from moscow. apple shareholders will gather today in california at 12:00 p.m. tim cook will field questions near the end of the hour. after a recent volatility in the stock price, issues up for discussion are likely to include product innovation and the company's cash pile. although activist investor carl icahn may have dropped his share buyback campaign, investors will still want guidance on the company's capital plan return. also on the phone from stanford, connecticut, daniel ernst from hudson square research.

what can we expect from this meeting? is it a review of the business or has there been speculation? >> i think it will be all about quelling concerns. you mentioned volatility. i think it's going to be business as usual. we sold record numbers of devices. we've attracted quickly concerns about security smarts. we're still innovating. we've actually started an aggressive buyback campaign which is the most in our country's history. i think it will be about quelling fears and getting people to relax. >> but the problem is, a lot of analysts out there are saying there's nothing beyond the iphone or ipad that's going to turn this story around now. wouldn't they be better off saying this is the pipeline and this is -- >> they absolutely would be, but they've always been a little different from the way they've positioned themselves. >> absolutely. >> and they want surprises and a lot of people are talking about

a wearable. what would be something is payments, mobile payments and everything they've got with itunes and consumer credit card information. but they're not one to talk about that before they're ready. >> daniel, what do you want to hear? what do you want the company to do that they're not? >> i think the -- you know, you guys hit it on the head. the one thing that's most important to apple is the next product cycle. that's the one thing you're not going to hear about on the earnings call. but the way i look at it is at 11.5 times earnings, you're not paying a lot from the prospect that they might innovate again. the company does have a 30-year track record of innovating new markets early on. so i think it's a bit of a weakness, but it's one that can be made to measure the track record, the company's track record and, again, the valuation is not high for this optionality

that they might invent again. >> what about the analysts out there saying this is where they shift from being a growth stock to a valued stock. do you agree with that inspect. >> absolutely. it's very hard to move the needle when you're doing 40 billion in after tax net income. it's just hard to do it. in 2012, they earned 44.15 a share, up 60% year over year. that was a small number, that was up to 41 billion. in 2013, they actually fell 7.% year over year. and it was that dramatic deceleration that drove the stock down in reality. and so i think this year we do see earnings growth return, but it won't be to the level that we had before. >> brilliant. thanks, daniel, principal at hudson square research. thank you so much for joining us this morning. these are your headlines, uk central bank limits foreign exchange withdraws from the

country as the acting president calls for an emergency meeting with the premier. investors react to janet yellen with the u.s. recovery out in the cold. a lawyer for mt. gox exchange has filed for bankruptcy protection, saying the bitcoin exchange may have lost nearly all the virtual currency that it held. now, it's that time of year again. the 86th academy awards take place in los angeles this sunday. there are nine pictures up for best movie. "12 years a slave," "american hustle "on ", "captain philips," "dprafty," dallas buyers club, "her," "nebraska," and

philomena." the shows a bump in the box office sales twaen the day of nomination and the oscars night. we've already seen this morning we were talking earlier about six folds increase in ticket sales typically for some movies post the announcement of nominations. joining us for more, george slight at the hollywood reporter. forge, how are you? >> good to see you. >> undoubtedly, the most worthy film here, "12 years a slave." the. >> we've been hearing a lot of people in the academy have had trouble watching it because it's a difficult subject matter to watch. there's some talk about whether it will win the best picture. >> it's been a difficult subject matter. it's a very well told story and

filmed, as well. >> i actually think it will win the best picture award. people usually like to honor at the oscars. >> that doesn't mean "american hustle" loses out. do we have alternative oscars being given as far as amy adams or jennifer lawrence? >> jennifer lawrence is a darling at the oscars these days. i think it's probably one of the closest races. everybody is waiting to see who comes out on top. i think lepida might win this, but they might give american hustle the best screenplay award. >> best actor? >> star power line up there. i think matthew mcconaughey, "dallas buyers club." it's a movie that got a lot of nominations. it's a career-changing performance, you know? >> we've never seen so many movies being nominated. is this really going to be one

of the hardest choices for the academy award winners have ever had on tuesday? >> every year we hear this is such a close race, but there year there are a lot of different movies and it's going to come down to -- >> your favorite movie out of the lot? >> i really enjoyed "american hustle," but i think the last comedy that won 36 years ago, i can they're not going to get the best picture. >> thank you for joining us. the oscars are effectively the biggest u.s. tv event outside the super bowl. abc, the network airing the show, sold out of ad spots faster than ever, $7.8 million for 30-second spots. >> up 10% on last year. hyundai has dropped out this year yo. >> could the second reading of

u.s. fourth quarter gdp see the figures fall for the first time in a year? >> we'll go down to chicago to work out where you should be positioned ahead of that number. well, did you know pinocchio was a bad motivational speaker? i look around this room and i see nothing but untapped potential. you have potential. you have...oh boy. geico. fifteen minutes could save you fifteen percent or more on car insurance. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates. makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free

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. european equities pretty flat ahead of the open. we hit 1.34812. we're currently at 1.3792. that's in reaction to the inflation number. came in with a cpi 15 minutes ago of 0.8%. there had been some that might drop as low as 0.5. and that would have really put the pressure on the ecb to do something next week. clearly that pressure has now been lifted. >> and let's give you a look at what's on today's agenda in the united states. wall street gi gearing up for that key revision in the fourth quarter growth domestic project

figures. also pending home sales. and on the earnings front, liberty media, liberty interactive, nrg energy all reported quarterly results today. >> so post janet yellen, hampton pearson has the wrap for us in d.c. hi, hampton. >> hi, ross. we had janet yellen wrapping up her first report to congress on the monetary policy before the central bank committee yesterday telling investors they might explain what looks like a patch in recent economic data. she said she's not sure. unless, of course, that weak data persists for several months. >> if the economy moves forward

as we anticipate, we expect reducing the push chass in steps, which would mean ending completely the purchases winding down and ending sometime next fall. >> and, of course, janet yellen's first federal meeting happening in two weeks. most folks looking for a downward revision in gdp. julia, back to you.

scott, the gdp number has to be really low to move the dial as far as markets are concerned right now? >> yeah, and i guess maybe the surprise could come to the upside. but i agree with you, it has to come weaker than these weak expectations. i think we've hit a soft patch. right after we announce we're going to continue to taper. janet yellen is between a rock and a hard place as to how she's going to keep these asset prices where they are. this gives us some good numbers. >> yeah. what's your view on where we're priced at the moment and what is priced in? >> i think we're probably a little bit too high. but that is going to be all due

to the fact that we've got a big number next week. today's number is big. next friday will be the unemployment report. we didn't get the growth that we wanted. we're tapering because of the failed economic policy. so by the end of the year, i think we're going to have 10% on the equities, be perversely enough, it's because there's some sort of new stimulus or the economy comes back in underneath and gives support to those equity prices. she's in between a rock and a hard place right now but we don't want to see those equity prices come off. yes, i think the equity prices are higher than they normally would be, but we would like to see some good numbers come in behind that. we've seen that citigroup economic index for the u.s. dollar. we have been surprising to the downside. would he have one or two decent numbers. >> we have to leave it there. thank you because we have to finish here. we're running out of time on the show. >> all right. >> good to see you, as always.

>> have a good week yep, scott. coming up next, "squawk box." >> have a great day. ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, the space station, or the next leap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪

good morning. fed chairman janet yellen points towards economic softening. the s&p closes at an all-time high. we've above 1850. it only took a couple of months to kol sole date 2013. tensions are running high in ukraine. russia denies any involvement in blocking a military airport in ukraine's crimea region. and this coin exchange mt. gox files for bankruptcy. it is friday, february 28th,

2014. "squawk box" begins right now. good mortganingmorning, eve. i'm becky quick along with joe kernen and andrew ross sorkin on "squawk box." we have big lineup of squawk newsmakers and masters today. later today, wilbur ross takes the ceo call. then at 7:00 a.m. eastern, st. louis fed president james bullard will join us as a guest host. at 8:00 a.m., an exclusive interview with sam zell, and mark mow buus will join us live from rio this morning. we'll get his view on the situation in ukraine .other hot spots. we start this morning with the rising tensions in ukraine. the country's central bank governor reassuring markets that it does have enough reserves to pay off critters. the prime minister says it hopes to get international financial aid in the near future to stabilize the gorn