that is our booth at the recent break bulk conference in houston we'll be attending the break asia shanghaiin march the last two years snadz i'm sure you're aware of joined us in helping us to meet and promote the board we had iou officials go to the conferences as well we partnered with labor and we also annually have a joint customer reception we invite ship persons and companies to meet together we co-host the metro ports again to promote our facilities with that, i'd like to go ahead and introduce my colleagues and marketing partners if the metro port that organ peer 80 they'll give you insight first of all, mike is here the chief executive officer of international holding companies the parent company of metro ports and metro crews and then working closely with john allen the director of business development for metro ports i'd like to invite them 80 much to let you know what's on tap here. >> good afternoon commissioner president katz and staff i'm mike the chief executive officer with the holding corporation we're going to discuss 4 aspects during the presentation so you'll know how l

here in asia most markets closed higher today. the shanghai composite journalling 4.7% which is the biggest one-day gain that we've seen in more than five years. bargain hunting came through across the board pretty much after sharp losses on monday. bucking the trend, as you can see there, is tokyo, which closed down 0.5%. the stronger yen really weighing on exporters today. some traders who had hoped for further easing by the bank of japan sold the dollar for the yen. the dollar was in the upper 118 yen range in the morning. we're seeing the yen strengthening though right now at 117.66. market players have priced in easing measures by the ecb so the euro is moving fairly narrowly against the dollar at roughly 1.1568. >>> japanese shoppers are keeping a pretty tight rein on their spending. sales at supermarkets and convenience stores have fallen for another year. officials at the japan chain stores association say sales for 2014 came to right around $110 billion. that's down 0.6% from the previous year. it also marks the 18th straight year-on-

asia markets ended mixed. tokyo rebounded 0.4% while shanghai slummed 1.6% dropping for the fourth straight day. mumbai also retreating from a record high yesterday. australian shares they did climb today for the seventh day in a row. and this is amid hopes of a rate cut there. moving on to currencies. reaction seems to be pretty limited right now. 9 euro is hovering at the 1.13 dollar level, moving away there 11-year lows reached earlier this week. the yen is also little changed against other majors. investors are likely to remain cautious ahead of fourth quarter gdp numbers. those are due out at the u.s. later on today. >>> well toyota motor is rejoining one of the world's top races for the first time in 18 years. the japanese automaker plans to take part in the world rally championship in 2017. toyota will enter with a vehicle developed from its exact car yaris. president akio toyoda said the aim of rejoining the race is to keep creating better cars. >> translator: participants compete with cars based on vehicles used every day. it's a most appropriate stage for putting drivers and cars throu

shanghai up over 1%. now spiking above 118. gains across asia. we are at a regional benchmark.60% higher since the turnover compared to what we are used to seeing this time of day. the moment, this is what we have. back to you. >> looking at these gdp numbers being released by chinese authorities, what have we got? >> the numbers flashing on the screen right now gdp coming at 17.3%, better than estimates. basically the same pace of growth as an third quarter. fourth-quarter gdp grew 1.5% from the third quarter, better than expected. what you are really watching for our details on sect oriole break down. we want to see these numbers go up. the second quarter was 7.5%. >> in terms of what we have with the prediction of the government this time in last year, what are we looking at? >> i want to put across some more figures as they come onto the screen. year to date gdp figures are out now. 7.4% 7.3 percent, remember the government targets are 7.5%. better than expected, closer to the target. this is the slowest annual pace of growth since 1990. what we want to know is how much gro

asia over the last few months. there was a 53% surge in shanghai last year. you look at -- [indiscernible] this index right now, asia is about a 30% premium. >> tell me what is going to trigger that premium to be eroded? >> if you take a look at the current situation in asia there is a lot of reauthorization because 50% of the market transactions in the asia market -- there was some risk. we do not rule out a short-term reaction in the market. some of the market indices are trading at quite excessive valuations within the a-share market. if we lose some sentiment given that the a-share market is more sentiment-driven, -- [indiscernible] >> isn't the relation here that a-share trading is dominated by the retail investors whereas institutional investors look at h ones? >> that is correct. if you look at the h-share index, it is 50% owned by institutional investors while a-share market is owned by retail investors. the h-share market is trading at more decent value compared to a-shares which are more sentiment-driven. right now, you would buy h-shares instead of

asia markets ended mixed. tokyo, seoul and sydney all extending gains. shanghai underperforming the pack shedding 1.4% on profit taking. mumbai was pretty much flat after its benchmark hit a record high on tuesday. moving on to currencies now, the dollar is locked in a narrow range against the yen. it is currently trading at let's see dollar/yen is at 117.69. traders are holding back from major bets. they're focusing on whether the fed will announce a significant change in its policy outlook in light of plunging oil prices. the euro is trading at the 1.13 dollar level. edging up from 11-year lows earlier this week. meanwhile euro/yen is at 133.75. >>> well sony executives plan to cut another 1,000 jobs from their mobile division. the company is struggling to maintain a foothold in the smartphone business. the latest cuts are mainly in asia and europe. they follow a cut of 1,000 jobs last year in the mobile unit. this was mainly in china. sony's expected to report an operating loss of more than $1.7 billion in its mobile business in the fiscal year through march.

here across the eastern continental asia, a high pressure system is predominant across the northern locations of china. shanghai, you're going to be seeing hazy conditions, but we have an incoming system which is bringing very strong winds across the western coast and that's pulling into western japan. we have a report of 92 kilometers per housework winds already, but that's likely to continue throughout the day. it's already disturbing traffic here and gusts up to 126 dmom terrors per hour will be possible. the sea will be very choppy as well. as these two systems combine, that's likely to pull away and bring winter pressure pattern, which is typical, but likely to see up to 40 centers of snowfall around hokkaido. temperatures in tokyo, not bad at 15 degrees. very mild conditions but on wednesday, it could drop to possibly single digits. seoul looking at that arctic chill at minus 1 degree for your why on tuesday. of knews line. thank very much for joining us. >> hello, and thanks for tuning in to the show. we have a festive start to the program today so let's find out what is on the way. la fete de lumieres l

. >> as we look at asia markets not too long ago the shanghai composite is up this hour fractionally. perhaps you're suggesting we've seen the ends of this pullback this emotional pullback at the end of the year. >> with the nikkei down 3% it's the worst one day the nikkei has seen in 15 months. >> very true. >> maybe what we're seeing is people are choosing where to sell and narz to yift in. you see the u.s. dollar doing extremely well u.s. treasuries doing extremely well shanghai up 15% in 2014. maybe it's a way of people picking and choosing where to put their money to do well setting the tone for the first quarter of to-2015 which it looks like the nikkei is not the place to be and some european markets are not the place to be. >> jim boulden just past 8:30 in london. thanks. >>> buckingham palace is taking an unusually outspoken approach to allegations of prince andrew's involvement with an underage girl. the charges stem from a lawsuit against a u.s. billionaire and as max foster reports the denials are emphatic. >> reporter: when there's scandal at the palace it usually goes q

encourage banks to boost lending and you see in asia overnight the shanghai was up by 4.7%. this is coming after early in the week when you saw the huge declines. the biggest declines in about eight years. oil prices autopsy cross the board. 46.95. if you have been watching the the bond markets you'll see that right now the 10 year note looks to be yielding. drum roll please. 1.815%. in the currency market this is the big story here with the swiss national banks move last week that threw a wrench into currency markets vmt caught a lot of people off guard. you can see it this morning. the euro is down against the dollar and gold prices gold picking up a litted by bit of a bid. $1,298. >> president obama focussing on the middle class in his second to last state of the union address. here with us this morning to talk about that and a lot more the chairman and ceo of blackstone. good morning to you. >> good morning. >> we owe you a congratulations too because i heard that your son is an oscar nominee now. he produced the imitation game. >> he is nominated for 8 academy awards. >

asia's turn. you're seeing the nikkei by a full 3%. the shanghai composite actually up. take a listen to this. a seemingly very happy group from weight waxers applauding as most investors groenld after another down day on wall street. the dow dropping 331 points. almost 2%. the broader markets also posted big losses. at first glance, this global sell-off seems most closely tied to it. richard quest explains. >> reporter: the fear is that the wheels on the global economy and certainly the european economy may well and truly be coming off the wagon. so if this is our wagon, and it is literally trundling along at the moment. this is global growth. the first one, of course is the possibility of the greek elections and the possibility of a euro zone break-up. at least greased with its election on the 25th of january. the anti-austerity party is leading in the polls. if they are elected, although they say they won't take it out of the euro they are hoping to renegotiate the bailout package. that's bad enough. you have the euro zone. deflation fears have risen sharply. german inflation came in at .1%

a tumble in shanghai after last year's dramatic rally, but it is a rally for australia's biggest investment bank. the weakness of the aussie dollar helping macquarrie. retail therapy. asia'shest man in europe. we are expecting big tumbles in shanghai. david is looking at this. this is a convoluted story. we barely kicked off. it's down to a crap down -- crackdown on financials. >> futures are down as much as 7.5 percent. at the open, that is about a 180 point drop for the shanghai composite. onto this crackdown. they are a sickly punishing some of these brokerages for suspending the ability to add account on margin finance. they are trying to crack down on speculation in the markets. if you look at what is moving across chinese markets, it is a broad-based selloff across a lot of these brokerages. i will be back to flesh these out further and see what else is happening across the chinese markets, continuing to get pummeled at this point. we are down 6%. >> home prices may be heading for their first annualized increase in 12 months. this could be the bottom of the property market. prices rising in one city for the first time in four months after november's rate cut. we can

you can see the major markets in asia holding firmly into the green. shanghai'sy about nearly 2%. japan's nikkei about 2% as well. monday's trade saw the biggest one-day drop since june 2008 after regulators unveiled new rules to curb excessive speculation. today's sentiment helped by better than expected 2014 economic growth figures. that data from china also helped sentiment in europe as well as a german investor sentiment survey. the mood also helped by that better than expected reading there. you can see that major markets are slightly positive. france is positive by the most gains. and of course we'll continue to watch europe. europe and china, they have been the tail wagging the dog here in the u.s. for much of our trade over the course of the last few weeks as volatility continues to be the story of 2015. >> yeah. in fact, there you go. let's continue on some of the other major markets this morning. starting with what has probably been one of the if not the economic story of the year nap is the collapse of the price of oil. wti crude down one right now. br

asia's markets are responding. so far, the nikkei closed up 2%. the shanghai composite up as well.alia's asx was down slightly. >>> we'll bring in will ripley live from beijing with more on china's economy. will of course china may have record its slowest growth plate 24 years. the world's second largest economy continues to grow more rapidly than any other major economy. how are these numbers playing out in china? >> that's very true, rosemary. you make an excellent point. a lot of countries are envious of china's growth. this figure is significant for a couple of reasons. one because it slightly went below what the government was projecting as growth for 2014. the government was projecting 7.5. this is 7.4. more significantly, you talked about the tremendous growthtulate japan enjoyed from 19 -- growth rate japan enjoyed from 1990. the tremendous growth has been key to keeping public order and stability in the country. not to mention that a lot of other countries are affected by what happens to china's economy economically. and the international monetary fund says that this econo

asia are all up in positive territory. japan's nikkei up by more than 1%. shanghai up by 0.5%.o way up in positive territory. >>> again our top story, saudi arabia has a new king following the death of its long-time monarch king abdullah. >> we'll talk to a saudi expert about what the new king brings to the table. that's just ahead. sheila! you see this ball control? you see this right? it's 80% confidence and 64% knee brace. that's more... shh... i know that's more than 100%. but that's what winners give. now bicycle kick your old 401(k) into an ira. i know, i know. listen, just get td ameritrade's rollover consultants on the horn. they'll guide you through the whole process. it's simple. even she could do it. whatever, janet. for all the confidence you need. td ameritrade. you got this. for most people, earning cash back ends here, at the purchase. but there's a new card in town. introducing the citi® double cash card. it lets you earn cash back when you buy and again as you pay. that's cash back twice. it's cash back with a side of cash back. the citi double cash card. the o

earlier in asia most markets ended the day in positive range as it has price of crude bounced slightly. tokyo nikkei posted biggest gain in three weeks. shanghai was down 2.4%. investors booked profits from recent gains. >>> consumers in japan are price conscious when it comes to buying new cars. the mini car, the tonto was the best selling in the country last year. that's the first time for a mini to top the list in six years lg. officials from car industry groups say it ranked first with sales 34,000 units. the aqua hybrid came in second followed by honda fit. seven of top ten were mini vehicles. consumers are increasingly looking for lower cost following the consumption hike in april. they also site safety equipment such as braking systems on many victims. volkswagen golf was the top car for the 27th year in a row. foreign cars made nearly 9% of total cars sold in japan highest ratio on record. >>> the first annual sales decline in nearly nine years. the samsung business has faced competition from foreign rivals. they released preliminary figures for 2014 earnings and say sales stood down 10% from 2013. operating profit was down 32% to 22.7

. >> if we go ahead and check wednesday's trading in the asia pacific markets, mostly green, but a might bed bag. the nikkei up .15%. shanghai composite pulling back almost a percentage and a half. and the composite up as is the hang seng as well. >>> wall street took a nose-dive after disappointing reports. the three major indices, the red there, down more than 1%. the nasdaq losses approaching 2%. >>> despite the drop in stocks there were a couple of companies reporting positive news. first, we are learning that yahoo! shares soared 8% after the company said it will spin off its remaining stake in alibaba into a separate company. stock in the new publicly trade company called spinco is expected to be distributed to yahoo! investors by the end of the year. what's key about the deal is that it's tax free and could save shareholders $16 billion in tax costs. >> apple has posted the biggest quire profit ever. $18 billion in profits over the last three months. cancer that. this came after it -- consider that. this came after it sold a record number of fountains, 74.5 million to be precise. how china's playing a large part in ap

asia markets ended mostly in the positive. weak chinese inflation data raised prospects that beijing will take action to stimulate its economy. even so the shanghaicomposite ended lower by a quarter percent after some considerable volatility. >>> japanese government officials have released data suggesting a weak recovery. the key economic indicator fell in november for the first time in three months. officials at the cabinet office say the coincident index came in at 108.9. that was down one point from the previous month. now they calculate the index by looking at a range of data such as factory output, employment, and personal spending. the officials blamed sluggish shipments of cars and other products while having a hike in the consumption tax last april. lower crude oil prices also pushed down gasoline sales in value terms. the officials left their assessment of the index unchanged from the previous month. they describe it as a possible turning point toward a downturn. meanwhile the leading index which predicts the economy a few months down the road also fell. it was off 0.7 of a point. the second monthly fall in a row. >>> well the steep fall

in asia overnight, the nikkei was higher. shanghai was down.l prices it was down about 1%. it's trading down once again. 45.08 for wti. down by another seven cents. 10-year note is right now yielding below 1.8%. let's check out car insurance sis -- currencies. you're talking about the euro at 1.13. dollar down against the yen at 117.73. and gold prices barely budged earlier this morning. let's see where they end right now. up by $4.20. >>> caterpillar reporting quarterly profit 20 cents below estimates. revenue, doesn't matter what we just saw now. it's next year that we're talking about here. here now with the first on cnbc interview with more doug ole oberhelman. we might as well get it out at this point. we want to make sure we have the right apples to apples stuff. how much are you bringing down next year's forecast on revenue and earnings versus where the street is? is this $2 less than where the street is on earnings that you're now forecasting? >> good morning, everyone. nice to be here. it's a little bit less than that but, yeah we are

still to come, the shanghai auto show may be a little bit less alluring this year. >> morals take precedent over models. >> "asias back in a couple minutes. ♪ >> volkswagen becomes the first major carmaker when it comes to america's appetite for made in china. >> more on what some might say is a radical plan. >> not really radical. this is an inevitability. made in china, the cars it is a huge market already. >> everything else is made in china anyway. >> there's been quality issues, perception issues. there's a lot of regulatory issues for cars that have to be imported into the united states. a lot of scrutiny. there's some trade wars as well. obama a couple years ago slapped those tiger duties from china. china retaliated with bigger cars from the united states into china. there's a lot of issues here. there have been other carmakers. geely tried to do it, the parent of volvo. >> but it didn't work out. >> if anybody's going to do it it is going to be volvo. it is not a pure chinese player. >> the ceo said that they are going to begin baby steps exporting the china made volvo sedan. they might do some others l

shanghai show. we want to be the dominant show in asia in technology. >> in our tours around here we have noticed more chinese companies than the past. >> yes, definitely. we always see the world shift as to who is dominant. the chinese are the low-cost manufacture manufacturers trying to get brand names. but the cycle will continue. where we are, with the designs and chips and unique ways of putting it together. >> president and ceo of cea. >> thank you for coming. >> for mark fields why is a car guy giving the keynote address here? >> we use the consumer electronic show to highlight innovation. we started coming in 2007. we were the first oem to come out to the consumer electronic show. we did it to launch the incar connective system. it is a great opportunity to highlight innovation as company. we are talking about the sync three system which is our next generation. we are talking about vehicles we have on the road today people can buy and vehicles we are developing for the future. and as a company, innovation for us is really important. this is a show that brings that together. >> at what point in

asia react aed. economists reacted to slow growth and china continues to grow more rapidly than the other major economies. shanghaick significantly in the past hour or so. up by more than 1.5% and now up by .5% and hong kong by .5% and nikkei shooting up. >> in the meantime projections for the world's economy aren't that much better than china as the international monetary fund lowered projections for the next two years. the imf expects the economy to grow 3.5% this year and 3.7% next year. that's despite trillions of dollars being pumped into the global economy and lower gas prices as well. >>> well is it suicide or murder? that's the question being asked after a prosecutor was found dead just hours before he was to testify in court. >> yeah so he was investigating the link between iran and a terror plot he claims has ties to the president. here is our joe johns. >> the bodty tybody of alberto found dead. officials were tight lipped in the hours after his death. [speaking foreign language]. >> translator: as the days go by and we have the results from the autopsy, we'll be able to determine the cause of death sg

asia pacific stock markets. most of the big exchanges closed sharply lower as you see there. the nikkei and shanghai down. exception being the s&p 500 with a small gain in sydney. >>> the european markets -- if we bring the numbers up you see a might bed story there. london's ftse down slightly. the dax up more than three quarters of a percent. the cac 40 lost .3%. zurich down just over 1%. quite a mix. >>> there's still a lot of nor uncertainty -- investor uncertainty over what will happen in greece. the greek stock market lost 9% after the new prime minister said his government will renegotiate a $270 billion bailout. host of "the business view" on cnn joins us from our london bureau. people are asking how greece can avoid defaulting on its debt if as it says it moves forward with its anti-austerity agenda and all those ambitious promises. and we're looking at the markets, and it seems to reflect, certainly in fwrois on wednesday, a lot of concern out there. >> reporter: absolutely. the issue is that questions still haven't been answered. there seems to be at least according to a number of european poli

to shanghai in may, and we have a lot of huge american and chinese companies and europeans that have already signed up. so we're very excited because we're pretty big here. the china market the asia marketplace is growing, and we want to -- it took 48 years to get this show to this point. it's not going to take 48 years to get that shanghai show. we're going to start less, but we want to grow and grow. we want to be dominant in technology. >> host: in fact, in your tours we've noticed a lot more chinese companies than in the past. is that correct? >> guest: fewer japanese and more chinese. we always see the world shift as to who's dominant. right now the chinese are the low cost manufacturers, they're trying to get brand names that's why they're here. but the cycle will continue. where we are right now though where the intellectual property design, the chips the unique ways of putting it together, that's where the battle's going to be fought. >> host: gary shapiro runs the ces international show. >> guest: thank you so much for c-span coverage. >> host: so, mark fields, why is a car guy giving the keynote address at ces? >> guest: well, we really use the consumer electronics show

asia edge." >> what we are seeing is a day when the dollar is stronger. equities are rising. we are looking at gains led by japan, hong kong and shanghai. what else are we watching across the markets? malaysia and australia, the usual laggards. nothing special there. australia oil prices weighting down in sydney. back to you. >> some news coming out of the imf looking at their forecast for this year and next. looks like the global economy is going to be slower. the u.s. economy will be faster. >> they are forecasting growth of the most in three years. they have cut their 2015 global growth forecast to 3.5%. they also downgraded the eurozone forecast. the only major upgrade is the u.s., which has gone up to 3.6%. they do cite a boost from lower oil prices, but there are negative factors. the concern is the divergence amongst the economies namely the u.s. against japan. a strong dollar against a weaker yen. rates on the rise. these are the factors highlighted. meanwhile china growth down for the third quarter was also a concern. >> we will endear -- you will indeed be hearing from the imf cheese economist -- chief economist later in the p

turned into a stampede in shanghai. 50 more were injured in the panic that started about half an hour after the new year began. the precise cause is under investigation. >>> also in asia two more bodies today were found in the search of the wreckage from air asia flight 8501. nine bodies have been recovered so far leaving 153 people still missing. reporter david piper looks at the search being slowed in a massive way by mother nature. >> reporter: bad weather continues to hamper the search and recovery operation in the java sea. the weather has been so bad that divers haven't been able to go down and check an object sighted is the remains of the plane. the recovered body of one woman has already been identified and she was buried today in the city of surabaya. 50 ships including the uss samson with its sonar detection equipment have continued to search the sea for bodies and debris from the plane. a source quoted by the reuters news agency, the airbus may have stalled after an unbelievably step climb. the plane went missing sunday en route from surabaya, indonesia to singapore. the pilot radioed in he was facing bad weather and wanted to climb. air traffic control los

asia. quickly. the asian markets down 1.5% and as far as shanghai goes let's look at oil which yesterday was bottoming at 40 to 45. can't go much lower than where it is according to all of our guests. 4495 was the close. the ten year it inched up a little in terms of a 173 yesterday. it's back down to 171. a great month for bonds. no one would have thought you could make a lot of money down to 1.7 but you could have. the dollar versus the other currencies, great time to go to europe. getting better and better at 113. that's improved. that was at 112 before and we'll check out gold which got close to 1300. it's back down a little and now back up today though to 1264 but remember we were down at 1200 for awhile. almost got too much. you can see it on the right hand side of that chart. it has been in a mini bull market. >> let's talk about the technology apology juans. google and amazon posting results. google missing the market while amazon posted a blowout quarter. back with us is collin senior technology analyst at bcg financial and you said yesterday you thought this would be the time for amazon brin

shanghai. ♪ >> currency check, the euro is hitting a nine-year low, the prospect of the ecb meeting in mumbai. the asia and a difficult call. and we are getting back to one of our top stories, of course, the airasia plane crash. but weather is hampering investigations. we have the airasia transportation director, but first of all let's start up with what conditions are like at the moment, and indeed, what is being done currently? >> actually following the accident for 8501 the rescue teams are still working there and they are still try to find the black box with the national transportation safety board but i cannot speak more about that because it is out of my hands in east asia, but the national transportation safety board in south asia and indonesia's hands . >> director general, let's get to what your job is i have known all these reports coming through about the airasia was not meant to be flying that day it did not have permission to fly that day, tell us a bit more about that? >> yeah. the region in indonesia was getting context of the airline and from the government, in this case indonesia, we a

asia. middle east -- there is a lot of interesting stuff in china specifically. 70,000 drivers in shanghai and 200 cities in china that are over one million people. there is a lot going on there two big taxi companies or taxi apps that are in and all-out war -- an all-out war, one partnered with alibaba -- hundreds of millions of dollars being subsidized on each side for these respective companies to grow and when, so there is this a chinese war going on. >> that makes me think, stay away from that market. two huge players with half $1 billion being subsidized and then you come in -- how do you win? >> what is really fun and awesome about china for us and me specifically is we get to be the little guy. for me that is like homecoming. we can see what happened and for me why not try? yes, i think you are right there are a lot of challenges but how much fun is it to try and see and if you can persevere and make that work, that is really awesome. >> so, let's get down and dirty how will you make that work? >> i think they got a little bit of a head start, these subsidies , they are giving ride

asia. japan's markets closed today for a holiday. the hang seng was higher. the shanghain by about 1.5%. and in korean slightly higher. goldman sachs cutting the average to $50.40 from $83.75. goldman said that oil prices would need to stay near $40 for most of the first half before it hold up shale oil investment. you see this morning wti is at 47d.16 and present at 48d.58. you'll see the yield is sitting below 2%. 1.967%. you want to see where the dollar is holding up. it looks like the dollar is up across the board. euro trading at 117.49. and gold prices this morning look at this point as if they are up slightly by about $4. >> and this story continues to develop. the hunt for a suspected accomplice behind last week's attacks in paris. officials say she crossed into syria from turkey. joining us from paris with the latest. i guess a couple of days ago we had the notion anyway she was not involved with the murder of the female police officer. she had been gone a couple of weeks ago. is that still the case? >> well, now we know of course from the turkish foreign ministe

asia given the lackluster data out of china. beating estimates but coming in at 7.4% over the year. taking a look at how asian stocks have been trading, shanghai composites seeing a gain of around 1.85%. and the hang sangeng seeing a gain. gdp 7.3% growth year over year. slightly above expeck asians. but full year missed the government's official target since 1998. markets have been higher across the board. the europe stock 600 index has been trading at a multiyear high. an 11 month high beating expectations so positive data ahead of the ecb meeting on thursday. taking a look at the currency space, the euro did tick higher immediately after the german business survey came in much stronger than expected. economic sentiment rose to 48.4 in january up from 34.9 in december. the think tank said in it's release that ecb quantitative easing was already priced into the current level of the euro. an economist from the group also said -- this is what makes it interesting, that is swiss national bank decision did not change the outlook for the german economy. now, politics will be a focus -- in focus today. president obama will deliver his 6th state of

asia. watching our markets close lower yesterday and you did see red arrows across the board. the nikkei down by 1%. shanghai composite down by 1.25%. oil another percent and settled at 44.45. definitely bottoming. >> definitely bottoming. i'm echoing what everyone said. >> we heard every move. >> here it's definitely bottoming. >> check out the 10 year note. hopefully the yield is bottoming there. it pel to 1.72%. lowest level since may of 2013. >> the 30 year hit a historic low two days ago. the 30 year was hitting a historic low for the yield. if you want to check out the currency market at least right now it looks like the dollar is down once again against the euro. it's up against the yen at 117.88. gold prices we haven't seen as much activity as you might expect with all of the other volatile moves we have seen but gold prices down by about $10. >> and mcdonald's head honcho is stepping down in march. the shares rising on the announcement. the stock has been flat over the course of mr. thompson's tenure. in comparison the dow is up by a third during that period. joining us is senior restaurant analyst

in asia this morning you'll see at least at this point, as the markets close there the nikkei was down slightly after the holiday on monday. shanghai and hang seng markets closed higher with the hang seng up by about .8. >> in global news france is mobilizing 10,000 security forces to protect the country's most vulnerable locations. french police warn six terror cell members may be at large after last week's terrorist attacks. in the meantime charlie hebdo is now out published by survivors of last week's massacre it features a cartoon of theprophet holding a signs that translates all is forgiven. >> the world in terms of censorship. the progressives is what they love to see but if you look at kim jong -- you put that context in and then you throw this in did you see the news about homeland. >> in, which piece. >> they may avoid next season there may be a new antagonist that has nothing to do with islamists or with jihadists. >> because of the concerns. >> they're saying they didn't want to get competitive. >> the saying is its going to be chosen for creative reasons to avoid repetition and it has nothing to do with shy agoway from

shanghai china. what triggered a deadly stampede - coming up at 5:15. then at 5:30. why the recovery of air asia flight 85-01 is being delayed. and next. we'll introduce you to san francisco's first new year baby. (vo) at jennie-o, we heard of a place in iowa where every thursday people ride ten miles for tacos. we thought we'd show up and surprise them with a better kind of taco, made with jennie-o ground turkey, cooked thoroughly to 165. (mom) i'd feed my kids turkey tacos over regular tacos any day. (woman) i think that they're light and they're just fresh tasting. (vo) it's time for a better taco. (kid) the tacos tonight were pretty much perfect. (vo) make the switch. look for jennie-o ground turkey at a store near you. bulldog: well pup, it's out with the old and in with the new during mattress discounters' year end clearance sale. pup: look! i found a red tag! bulldog: that means folks can save up to 40% on clearance mattresses. pup: oh! here's another! bulldog: that means up to 48 months interest-free financing on tempur-pedic. pup: i found another red tag! bulldog: what? where? pup: righ