swiss bank and blues.loss in seven years, and shares fall to the lowest in a quarter century. we will be hearing from the bank's ceo. and it is the end of an era in media. sumner redstone calls it quits at cbs. ♪ welcome. you are watching "bloomberg ." i am stephanie ruhle. my partner, david westin, is out this week. corey johnson joins me. johnson joins me. cory: yes.

so that's what the swiss have offered. the swiss - there was a question posed as to whether switzerland was offering its mediation services to mediate between saudi arabia and iran and the saudi foreign minister was cat gorical and say there was no need for nemediation at this stage. he said there would be a containing in iranian policy and he listed a host of accusations against iran which he said needed to change in order for relations to improve. the other important thing that was raised was the possibility of saudi getting involved still further in the syrian conflict because, of course, saudi jets have now massed in the air base and the saudi authorities have indicated their willingness to take part in any kind of ground operation, but there the foreign minister said that when the coalition led by the united states would make a decision with regard to ground operations, then saudi arabia would be willing to take part. he said that was a decision yet to be made. that's the basic lines coming out of that news conference

is the government feeling the pressure to cooperate with the swiss authorities now? >> reporter: i think the government has been under pressure for over a year now and i think that the pressure continues not just within government circles and the international community that is asking for the malaysian help but also opposition politicians who are scathing about the current situation and it really came to a head last week as you say when the attorney-general had charges of corruption and embezzlement by the prime minister saying that the 600 million dollars that had been alleged to be in his account had come from the saudi royal family. there was still a large amount of money counting into the millions that was missing. opposition parties and members are saying where is this money, where has it gone. of course, over the last few days we've heard from the swiss attorney-general saying that at least 4 billion dollars has gone missing from malaysian companies all under the board which is a financial institution which invests malaysian money abroad. it comes under the fin

among the foreigners are swiss born non-citizen children of immigrants. >> it goes some international commitments of switzerland, including the convention on human rights. it goes against the free movement of people made with the european union. >> all swiss nationals can vote in the referendum. to become law, it has to be passed in parliament, but it's already putting well integrated and generally law abiding foreigners such as edgar, on edge. >> the final results of ran's election are expect shortly. early indications are that moderates and reformists have done well in the capital. winning all 30 parliamentary seats in tehran w. iran's biggest voting district. it's a significant change from previous elections dominated by conservatives. rouhani secured a new deal with world leaders last year. jonah hull has more from the capital. >> as we await the final results in the coming hours of friday's election for parliament on the assembly of experts here in iran, a fuller picture is emerging of a stunning victory for the reformists and moderate allies of president rouhani here in the capi

. >> the swiss voted in a referendum to decide whether foreign criminals should be deported even for petty crime. exit polls suggest many voters rejected the proposal, but official results are expected later on sunday. caroline malone has the story. >>> expats such as edward who lives and works in geneva are worried. the referendum result could mean foreign errs who commit minor crimes within 10 years could get kicked out, such as trespassing or speeding. >> in addition to major offenses, there are minor offenses, so if you run a red light, if you forget your papers, of course we could get deported, so yes, it scares me. >> posters by the right wing swiss people's party show white sheep kicking black sheep and the words to finally guarantee our safety. it wants to strength they be a law that allows for the deportation of foreign errs guilty of murder or rape. the party won the biggest share of the votes last october. our european voters are trying to figure out what to do with migrants arrival locally. >> back then, it was a different climate. it was large bare barian invasions follo

a big week for swiss franc's -- swift banks. -- swiss banks.ea was that ubs had right business model and was moving into matt -- into asset management. it is turning out to be a much tougher business. what you do with that as an investor when you look at the banking sector? view, weur point of can see specialist asset managers. in places like italy we have a very entrenched savings habit. asset managers there -- investment -- an bank. if you're looking to get your exposure to asset management, it is good to go into the specialist. jonathon: how competitive will that get? ubs had it its own way for a while. everyone wants to come back for from the more costly experience. how competitive will that get in terms of wealth management? >> you have to innovate the products you offer. we brought the offering that we have. we have a lot of active extensions rather than relying on one business. you have to be very innovative and you have to offer stuff that is attractive to people. jonathon: in terms of regulation, ubs, they raise a lot of capital. they

the swiss bank is being investigated over money laundering and tax fraud in belgium.f helping ccused those evade taxes. u.b.s. says it will defend itself against any unfounded allegations. here is another company in trouble. he french oil giant has been fined one billion yurens. it allowed iraq to sell crude oil to obtain food and medicine. but a probe found companies had aid kick-backs to the company. fine was 750,000 euro the maximum possible. >> farming is in focus here in paris this weekend as the city's annual agricultural fair is kicking off. it is an institution, and many politicians will do rounds to show their support for the agricultural sector. this year may prove tense after widespread protests by livestock farmers in the past weeks. many say they cannot make ends meet due to low prices. to end this impasse, the government is now leaning on supermarket. here are more details. the ey are targeting biggest supermarket chains. they are stripping the shelves of canned goods. >> we are getting rid of all the ready-cooked food. >> but the key issue for many of t

that place is along highway 20 and swiss valley road. between 20-10 and 20- 15...thirty-four accidents have happened along this curve. merlin bartels, who lives right off of the think is causing the accidents?" "probably speed...they don't slow up." "and a few years ago, the iowa d.o.t installed signs with the d.o.t plans on reconstructing two miles of highway 20's westbound lane -- east of cottingham road streching east of swiss valley road in hopes of residents will have to give up their land. "really haven't gotten too much input, some favorable some objections. it's both ways...it affects everybody, one way or another." d.o.t's district planner says they'll start looking at buying give up their land. "really haven't gotten too much input, some favorable some objections. it's both ways...it affects everybody, one way or another." d.o.t's district planner says they'll start looking at buying land...this summer. now once the first phase of the project begins...i'm told it'll take about one year to complete. we've got you covered live in

the swiss firm will not be moving to the beijing headquarters. instead, its head office is to remail in ba zil. let's get to julia chatterley. she's been speaking to the chairman of the company. we've seen shares pop on this deal. investors are cheering the final announcement. what's your take? >> reporter: well, the chairman was saying this is very positive, as you guys are pointing out. it's not about cost energies, it's about growth potential. this is about untapping or unlocking the chinese markets. 1.4 billion people going forward. so while the market itself and the industry is struggling at the moment with low commodity prices, this is about unlocking innovation growth in the future, i think. i think the key issue we have to focus on is the anti-trust, what the u.s. regulators in particular are going to say. the foreign security committee that stepped in on the phillips deal. so you have to look at all these different aspects. i picked up on this point with the chairman and said, will you have to divest of any assets, and do you think you'l

we are seeing the dividend at 1.1 swiss francs. the overall forecast had been one swiss franc as a dividend. more being handed back to the investor base but you will have to dig into these numbers as time goes on because we are understanding we could be getting an outline of new capital management plans coming from the chief executive and will they update us to any agreement with tax authorities in the united states? investigated as to helping those who work there to minimize their tax. the expected apartment of justice revolution, so no agreement quite yet. >> coming up later we will be speaking to the ceo. speaking tong to be him a little bit later on during programming. +++ their quarterly update which have missed estimates coming in it whenever to -- seven 2 million euros against estimates of a higher number. they said that bookings and pricing were both weaker after the terror attacks. ryanair sees q4 traffic up by 22% against the previous view of 22% growth. upgrading their guidance just a little bit. they have already return

the swiss was only standing for f.i.f.a. president because his boss in europe was banned for corruption. he was not the favorite. in his intense lobbying across the globe worked. he won with a majority 115 votes to 88. in the first vote to go to a second round for over 40 years. >> we will restore the image of f.i.f.a. and respect of f.i.f.a. everyone in the world will applaud all of us and all of you for what we will do in f.i.f.a. in the future. we have to be proud of f.i.f.a. and everyone has to be proud of f.i.f.a. and we have to be proud of what we will do together. >> reporter: an extraordinary raise to the biggest job in world football for the man who was secretary general of uefa. he has a huge job to stabilize a corporation that became rotten at the core. his election pledge of 5 million dollars per federation raises questions of how an organization 550 million dollars under their financial target for the year can afford it. disappointment and some bemusement from his opponent. the asean confederation chief who thou

you also have swiss bank strength this morning after the swiss national bank flashing their cash, still trying to push its currency lower, buying in foreign currency. worry at a record high of $580 billion of foreign reserves. nevertheless, they just can't fight it. the swiss franc goes higher. big story here, tom. miners are so well this week, but dow is going to the market to raise more cash. and lastly, gold is up .2%, a little bit of a trade there. tom: we've got a euro chart, and we'll show it. right over to the bloomberg, let's do that, and this is like the litmus paper of the banking system, the vanilla spread. here's the ugliness of recession, up we go, and this rollover got people thinking. i would suggest that the fear of recession is more about money coming in to the united states. the flows of money globally and what we're going to see and almost getting out in front of that negative interest rate scenario. this is a little bit for the gloom view. i don't buy it right now. but nevertheless, if it walks like a duck, maybe it is. caroline, get us started with our guests this m

to be with swiss chard. this time of year, the wintertime swiss chard most cooking greens are at their peak. they are at their best. the cold temperatures at night enhance the flavor and adds more nutrition. but the flavor this time of year is beautiful. and look how beautiful this is with the nice white here. white all the way through. the veins have to be white. the green has to be green. free from any yellowing whatsoever. squeeze it. you can feel the freshness. that's when they're at their breast. store them in the refrigerator when you bring them hope. open up the back so they can breathe. it's a superfood. it's loaded with nutritional value. i justike to par boil them and then what i like to do simply put them in a cold bath, cook them for two minutes, hot salted water then a cold bath then saute it extra virgin olive oil chopped garlic, cherry tomatoes, red pepper flakes and that's it. ah! that's lovely. i'm tony tantillo, your fresh grocer. and always remember to eat fresh and stay healthy. they feel

the swiss was only standing for f.i.f.a. president because his boss michel platini was banned due to corruption. he won with a majority 115 votes to 88 in the first vote to go to a second round for over 40 years. it was that tense. >> we will restore the image of f.i.f.a. and the respect of f.i.f.a. and everyone in the world will applaud us and we will applaud all of you for what we will do in f.i.f.a. in the future. we have to be proud of f.i.f.a. and everyone has to be proud of f.i.f.a. and we have to be proud of what we will do together. >> reporter: an extraordinary rise to the biggest job in football for the man who was secretary general of ua if fa. he has a huge job to fix the organization. his pledge of 5 million dollars per federation races questions about how a corporation 550 million dollars under budget for the year can afford it. the asian confederation chief who thought he had more than enough votes. some of his pledges didn't come through. some african delegates broke ranks and defied the federation's directiv

the swiss pesticide maker was up 7%. now it is up 2.7%.im china has tabled -- cam china has tabled -- speaking to aaron kirtchfeld in about 20 minutes times. swatch. shares are down 1%. they were down 5% earlier. analysts questioning whether it can reach its sales goal for the year. we have bank of america and merrill lynch saying retailers have too many unsold watches in their inventory. demand is weak as well. they are being heard by a slowdown in china. china is the biggest market for luxury watches. so switzerland very much the center. betty: and the apple watch. which i have not gotten yet. mark: exactly. apple watches is encroaching on swatch's low-end territory. betty: it is. we have some services data out. it was below expectations for us. mark: and was an unexpected increase. services, activity rose in january. not so good news when it comes to services. haveces company confidence fallen to the lowest level in three years. we have a litany of rest in the u.k. -- of risks in the u.k. financial market turbulence, higher u.s. interes

for just 70 swiss franc's share. we deny get anywhere near it..e expecting a 19% guy: there was a down day yesterday in equities. thising i read suggest should be an easy deal to transact. it is always a factor when it comes to a chinese company making big acquisitions elsewhere. that increases the rate latorre risks. that is what the -- that increases the regulatory risks. that is what the market is pricing in. if you not interested in crop size, maybe the story is the biggest ever chinese takeover. what is the story there for you? >> the chinese is looking to diversify. it has been a strong going market. they made a lot of money domestically. to look abroad. move to ax me as a certain sector economy. -- it strikes me as a move to a certain sector economy. there's going to be more technology to drive the yields. this is our impartial -- this is part and parcel. jonathan: doing it with big money on the table. open, four and five minutes away. futures lower it that futures up by 38 points. the u.s. 10 year, the lowest in almost a year. $30 a barre

high in the swiss alps, the powder is perfect. - yahoo! - australian daniel o'sullivan is on a ski vacation with friends and records on a gopro. - it was just some of the best skiing we've ever had. - fellow aussie james mort takes the lead, with swiss pal l\onard ottensmeyer in yellow. - yahoo! - it's a skier's paradise when out of nowhere... - whoa! [bleep]. and it just swept down. a heap of snow rushes over me. - daniel and leonard are unhurt, but there's no sign of james. when someone's buried

what have the swiss accused here?ities issued a statement saying that they revealed serious indications of about $4 billion may have been misappropriated from companies in malaysia. the state knows quite long but he did say that the four cases came to light involving allegations of criminal conduct between 2009-2013. and a small amount of funds made been transferred into the bank accounts of former malaysian public officials. this was attorney general asked malaysia for legal assistance saying, today, the malaysian companies have made a -- comment on the losses that have incurred. the malaysian prime minister who heads up the advisory board -- rishaad: and there have been corruption charges. last week, i believe. >> they continued a statement from authority saying that the object of the request for mutual assistance is therefore to advise the company and the malaysian government on the results of this was criminal proceedings with the aim of finding out whether losses on this scale have been sustained. basically, they

so they guided around 500 million swiss. even that a little bit more than expected. also, the investment banking sector coming in slightly weaker than expected as well. a real challenge even for their revenues from the equity business, which is one of the key drivers. a bright spot obviously the dividend which overall beat expectations, even if 25 cents of that was a special dividend. i asked the ceo what's the message to investors here. >> the message to our shareholders is we're fulfilling our commitments, that we would pay at least 50% of our net profits, and we did so by increasing our dividend by 20%. we're confirming also a special dividend for this year thanks to the right deferred assets. when i look into 2016, we're still aiming at growing our ordinary dividend going forward. >> what about the investment banking division? again, this is a challenge whether it's equities, fx rates. how are you managing that? >> well, it's not the kind of good volatility for us because it's volatility that's paralyzes our investors, being institutional or private investors. so

roland buchel, a member of the swiss national legislature, says until very recently, fifa received about as much government scrutiny as a yodeling club. the corruption's been no secret. people have been talking about it. and there have been allegations why didn't the swiss government >> roland buchel: well, there was a problem, a problem of laws. corruption at this time it was-- it was just not a crime. >> kroft: you're saying it was all right to bribe people? >> buchel: of course it wasn't all right, but it was not a crime. this money was even tax deductible. the money they paid in bribes was tax deductible. that's-- that's just-- it's not- - it's not good. >> kroft: it was not only legal, it was tax deductible? >> buchel: yes. >> kroft: do you think it's tarnished the reputation of switzerland at all? >> buchel: yes, of course. absolutely. >> kroft: buchel has since managed to push through legislation making all forms of bribery illegal, and the swiss attorney general has finally begun his own criminal investigation into president sepp blatter and the qatar world cup. fifa's says it's

tuna wrap $7.99: all-white albacore tuna salad with lettuce, diced tomatoes and swiss cheese. the cod lenten special is available wednesday, february 10 wednesday, march 24, 2016 at all nine izzy's locations including downtown main street & elm street, anderson, ft wright, florence, forest park, red bank, west chester, and western hills. to find the izzy's nearest you, visit www.izzys.com. founded in 1901 by the kadetz family, izzy's was the first kosher style delicatessen west of the alleghenies. consistently named the "best deli in cincinnati," and known as the home of the "world's greatest reuben," izzy's still serves the classic homemade recipes izzy kadetz was handed down from his father, dating back to 1901. to learn more, visit www.izzys.com. we'll be right back... in 2 and a okay birth plan. top of the brown box. alright got it! aromatherapy. lotion. woo. grey basket bottom right. you are so organized. and the selfie stick. yeah don' t give me that look... life is packing for an early delivery, and an ikea closet okay birth plan. top of the brown box. aromatherapy. lot

swiss will have it. and then -- he comes to us. then he comes to us,. >> the attorney also suggested the minister could move his money out of west africa to europe where it could be scrubbed in anonymous corporate entity that his firm would be happy to set up. >> the money as it sits now, in his name? >> it is different names. so it will come asas -- different names. >> including his name. >> we have to scrub it at the beginning or intermediary location. >> how you do this? that means the bank in liechtenstein, luxembourg? >> we'll set up an appropriate entity. called it clientoverseas.com. whatever. that will send money into the united states. >> reporter: if that was a banker talking instead of a lawyer. he could be in serious trouble. that's because under u.s. law, bankers are required to report suspicious financial activity to the authorities. lawyers are under no such legal obligation. >>> banks in america are required to be cognizant of risk and report on it if there is an issue, or money laundering. yet, absolutely bizarrely

the swiss 15 year note went negative yield this morning. extraordinary.his will be our single best chart in the hour. how are the swiss reacting to a negative rate? what does the little guy in switzerland do? hans: they worry about their exports quite a bit. if we have any sort of attempt to weaken the currency there, which has been the goal, it has really hurt a lot of the swiss exporters. vos, a lothis from da , ithe swiss manufacturers is difficult for them to compete in this environment. they are in kind of an arms race so they do not have the capacity to win. tom: that is very good, arms race. optimism on the use of negative interest rates, i wonder what it means for the little guy. i do not understand how a retiree outside zurich survives. francine: this is an important question but you have to ask yourself why are central banks doing this? what brings a central bank to go negative? are you trying to reinvigorate an economy where there are another -- no other options left? arnab: i think it is a combination of all of these things. if you are a count

josh: police say the driver of this swiss delivery van -- swiss port delivere van thought he had a van in part. the driver was the only person hurt in the incident. a judge has denied a 62-year-old lawrence cook' s request of being released early. he was convicted of sexually abusing a child two decades ago. he said while he does take full response ability for the crime, he believes he has changed after 16 years behind bars. years for this crime. threatening charges have been dropped against the man accused of kidnapping and sexually assaulting a 14-year-old girl from north con with your nathaniel kibby faces chart -- north conway. daniel kibbe -- nathaniel kibby was charged with threatening senior assistant attorney general jane young. those charges have been dropped. a woman accused of robbing and stabbing another woman with a knife around 8:00 last night. police were called to beech been stabbed. the victim had arranged to meet 30-year-old meagan enos to purchase drugs when he the two apparently had a fight. new details about a standoff at the national wildlife refuge in oregon. the

so that's what the swiss have offered. the swiss - there was a question posed as to whether switzerland was offering its mediation services to mediate between saudi arabia and iran and the saudi foreign minister was cat gorical and say there was no need for nemediation at this stage. he said there would be a containing in iranian policy and he listed a host of accusations against iran which he said

the d-o-t says the changes s e part of the first phase of construction on a full interchange at swiss valley road. the work won't begin till 2019. let's turn now to meteorologist e winters. joe a quiet day weather wise. what can we expect this evening? quiet weather remains in place tonight with a partly cloudy sky and lows in the teens. friday brrgs a light snow chance, under 1", but not until late. the morning features an increase of clouds as highs push near 30. for the weekend saturday looks dry as highs jump above light snow moves into the forecast on sunday with continued chances through early next week. tonight: partly cloudy low: 15-21 winds: nw 5-15tomorrow: chance of snow late high: 27-33 winds: s 5-10 bruce and beth... u-s marshals arrested a cedar rapids man in arizona wanted on charges for sexual abuse involving a minor. the marshals f fnd out 41- year-old jerek strouf had left the state, and issued an arrest warrant for him last month. they say he's a suspect in a 2014 crime that happened in linn county. mmshals found strouf leaving friend's home in maricopa, arizona and

that includes straightening the west bound lanes of highway 20 at swiss valley ad. the d-o-t says that will allow cars to only have to cross two lanes of traffic at a time instead of all four lanes. next, crews will construct a frontage road along the east bound lanes. the d-o-t says that will give safer access to highway 20 to residents of cedar crest subdivision. the d-o-t currently has 26 million dollars to put toward the project. some of that comes from federal funding. the rest comes from the state road use tax. that's things like vehicle and driver's license registration. and the gas tax. a dubuque librbry wants more funding to bring in a dog to sniff out bedbugs. the carnegie- stout public library wants the city to include 54 hundred dollars for inspections in next year's budget. it would allow the library to continue bringingn a specially trained labrador to help find bed bugs. st october, the libibry discovered bedbugs in the building, forcing staff to remove two couches and hundreds of newspapers. the iowa caucuses meant big money for some businesses in th

((denise valdez)) what it took for this swiss skier... to finally capture this stunning video of a trip down the mountain./// ((dave courvoisier)) > caught having sex on the high roller: why an attorney says the felony they're one of the wall street banks that triggered the financial meltdown -- goldman sachs. just settled with authorities r their part in the crisis that put seven million out of work and millions out of their homes. how does wall street get away with it? millions in campaign contributions and speaking fees. our economy works for wall street because it's rigged by wall street. and that's the problem. as long as washington is bought and paid for, we can't build an economy that works for people. at 5.")) > ((denise valdez)) > looking good in freezing temperatures is no easy task... but with the help of his smartphone... one skier seems to have mastered it. check out nicolas vuignier's signature slo- motion swirl shot. the swiss skier did this with an i-phone... a string... and lots of practice. and yes... he says it is as di

his biggest rival is expected to be a 45-year-old swiss.nce ali is the member of the jordanian world family. he infinished runner up to sepp blatter last year. outside candidates include this frenchman, and the south african who has pulled out of the race just ahead of the vote. lee wellings our correspondent in zurich is live now for us. lee the voting has been going on for a little time now. what do you know about what is happening? >> reporter: well, the first round of voting is taking place. it has been going on for around 90 minutes. they will start counting the votes shortly. we have been given a time of 27 minutes. if one of the candidates, and obviously most likely salmon, were to get two thirds, they would be the new president. in that is unlikely. it will most likely go to another round, and we'll see if he can hold off that challenge and become the new president, replacing sepp blatter who was here for so long. >>> lee choosing new president is just the start of fifa trying to restore its credibility, isn't it? what else do they

and the current president of the asian futbol confederation and the rival is santino, 45-year-old swisscretary-general of european futbol and prince aly is a member of the your done jordan family and former vice president of fifa and runner up with blatter in last year's election and outside candidates are frenchman champaign who spent 11 years with blatter with fifa and tokyo who was in prison with mel son mandela some 13 years and lee weldings is in zurich for us and a busy day and what has been happening so far. >> a long day for the 207 representative voting and starts with the important business of fifa reform since the crisis happened and take action and showing they are trying to get their house in order and reform put in place and ready and needs to push it through and vote and make sure the reforms happen and eventually probably in about an hour and a half's time we will actually get the speeches from the would be president and five candidates and had 15 minutes each to make the pitches and they will not change their mind and knows who they will be voting for and some people kn

the swiss was only standing for president because his boss in europe, michelle platini was banned forruption. the favorite was sheikh salman, but he won with a major 115 votes to salman's 88, in the first vote to go to a second round in over 40 years. >> we will restore the image and respect of fifa, and everyone in the world will applaud us and will applaud all of you for what we'll do in fifa in the future. we have to be proud of fifa, and everyone has to be proud of fifa, and we have to be proud of what we will do together. >> reporter: an extraordinary ride for the man who was secretary general of uefa. but he has a huge job ahead of him. and his election pledge of $5 million per federation raises questions of how an organization $550 million under their financial target of the year can afore it. disappointment and some bemusement from sheikh salman. some of his pledges didn't come through. some african delegates broke ranks, and defied the directive to vote for him. if he had been elected questions over his human rights record may have left another shadow over fifa it can barely

what do you need from thomas jordan and the swiss national bank?land has struggled with the money coming in, the stronger swiss franc. what do you need from your bank? paul: that they stay independent and do what they have to do. that is something we have to cope with. like we did 10 years ago, we would have 50% more turnover in the swiss franc so it is affecting us and the last five years, 30% down. it is for the aesthetics that we grow getting a smaller number in the swiss franc. that is how it is. paul bulcke, thank you so much, the chief executive officer of nestle. it has been really something. coming across all of our bloomberg platforms, howard martz, the discussion will be in the 8:00 hour. i am in new york, caroline hyde in london. this is bloomberg "surveillance." ♪ tom: we welcome all of you worldwide in london, and new york, this is bloomberg "surveillance." vonnie: barclays may close it egyptian unit, according to people familiar with the matter. it may be worth more than $500 million. the ceo is deciding whether to keep emerging marke

still ahead, the results are in on a swiss referendum that would require the deportation of migrants who commit low-level crime. more on a measure to protect children from child trafficking which is having an opposite effect. the week ahead, the supreme court will hear a landmark case for abortion rights. that's in our next hour. stay with us.((úz@úxóxkxÑ($ >>> swiss voters rejected a proposal to deport foreigners who commit a law, murder or rape, or speeding or burglary within a ten year span. 100,000 signatures were collected. >> translation: my children were born here. followed their entire school years here. if i do something foolish? they throw them out. so i note no 100%. >> translation: yes. we are relieved because first of all it is a landslide victory. you know we are in negotiation with the e.u. and this is also a sign of openness that the swiss people gave today >>> final results show 58% of voters oppose the automatic deportations. turn out was more than 62%, the highest for a referendum in 20 years. in greece today more than 3,000 refugees arrived on lesbos. 350 have t

that is up to one billion swiss francs.nterestingly, they saw positive growth compared to the previous year especially in mainland china. if you're looking for positives out of the china story right now. let's get more the oil story this morning. crude is trading at $30 a barrel. ryan, good morning, what are we expecting? that was the biggest fall in seven years? extraordinary, and 11% drop monday and tuesday. the concern is that the supply glut only continues. we will see, but the forecast is that inventories in the united states are set to rise. data for, that is based on a forecast we got from api yesterday. also, a bloomberg survey we did the day before that. people now are beyond that conversation about whether the russians will team up with opec and cut supply. everybody has now dismissed that and are returning to the picture we looked at before. anna: interesting. oil is the trait of the year. this picks up nicely to what analysts are saying about the rest of the year. ryan: it is time to buy that storage tank and st

they will pull the floor out of s&p euro swiss. is that possible?d say that there are two key themes to focus on in china. firstly, renminbi. we think they will only allow modest appreciation. member the point i made before that the fact that the bullish dollar trend may be mitigating helps them play into their hand. hereecond point i focus on are commodity prices. we are all used to it being the last big demand or of commodities. that has changed and is changing and we think that even if chinese growth is ok, china is not going to lead its commodity price down. we think we are stuck with low commodity prices for quite some time. jon: you said they will allow modest depreciation. it infers they will have control as they leak fx reserves and quite a direct way. b ined to talk about s and the word allow. do they still have control to that extent that it is all up to them? >> i think that they do in the short term. we saw over the weekend that they hit reserves, but they have a lot of reserves. there is no issue, whatsoever. regime wherein a the dollar

we're talking about about 480 swiss francs a share.esterday bloomberg was reporting we could see a deal at 470, higher than the previous officer of -- previous offer of 449. what this allows come china to do is become the world against supplier of has to sides and agrochemicals. it also allows it to push into which is alsoess part of a chinese national business in being able to increase food production for a growing population. for syngenta, what does it get it out of this? they got a deal, don't froorget it rejected a deal from on santa last year. ince then, -- here are still some risks which we have got to talk about. what is significant is that this agenda share price has not gone up to what cam china was offering. why? nejra: absolutely. the offer is a 20% premium to yesterday's close of a 15% premium. number ofnt, a reasons for this -- first of all, the deal was pretty well telegraphed. some ther e are still risks, not necessarily from the antitrust group, one citigroup analyst was saying that even with the combination we are only

stephen: profits at the swiss bank ubs jumped almost 80% last year. the best results in five years. but shares in the bank have plummeted by more than 7% after billions were drained from the wealth management division. the bank's chief executive reported that market volatility and the swiss bank brought challenges in the year to come. infits of nintendo slumped december over poor sales. profits fell over 30% after a disappointing business season. the japanese firm is set to launch a much-anticipated smartphone game. -- theyber attack company suffered what it called a significant and sustained when somet october, customer data was stolen by hackers. genie: just to wrap up, a boom over barbie. stephen: barbie is back. sales have reason for the first time in two years, up 1% in the last three months of 2015 to almost $330 million worth. mattel unveiled a new body type for barbie less month as it tries to adapt to consumer preferences. the company saw better than expected profits or the quarter, and shares jumped by 8%. loads toam slightly admit that a lot -- i am slightly loathe to adm

and swiss authorities, their investigations continue.eforms have to be pushed through today. 89% of them voted for these reforms. because fifa has to show the outside world it can manage itself. the tension will be incredible as they see who will take them forward. where are prince ali's 27 votes going? >> lee wellings live with the very latest on the fifa voting. lee thank you. >>> still to come this half hour, hundreds of thousands of iraqi shiites turn out in baghdad demanding a cabinet reshuffle. >>> and while the french oil giant has been fined more than $800,000. ♪ ♪ >>> welcome back. a quick reminder of our top stories here on al jazeera. >>> the leader of syria's affiliated al-nusra front has called on rebels to intensify their strikes against president assad and his allies, just hours before a two-week truce is set to come into force. >>> polls close shortly in iranian elections. the country's first parliamentary elections since the nuclear truce was agreed to last year. >>> now hundreds of thousands of supporters of the promine

the opponents stay it unfairly targeted non-swiss citizens. about half of the population holds foreign passports. >>> president obama will award the highest military honor to seal team six today at the white house. he anticipated the honor for helping rescue an american hostage in afghanistan. a fellow sealed died in the mission. >>> still ahead, the diversity debate. >> if they nominated hosts, i wouldn't even get this job. you all would be watching kneel patrick harris right now. >> chris rock tackled racism in hollywood at the oscars. more trouble for royal caribbean cruise ship damaged earlier this month. >>> royal care bean's anthem of the satisfactories is coming home early again. the ship was forced to turn back earlier this month after sailing into hurricane forced winds. this week it was nearly caught in another storm. several people onboard are sick with the norovirus. the captain decided to cut short the 13 day cruise. the ship is expected to drop anchor back in new jersey on wednesday. >>> the biggest story line at the academy awar

. >> gianni infantino is a 45-year-old swiss lawyer. he's been an advisor to football bodies in spain, italy, and switzerland. he joined uefa in 2000. he became general secretary in 2009. infantino pushed for punishment for european players and club teams involved in match fixing. during his campaign, infantino said he wanted the world cup finals to include more teams. he wants to increase the number from 32 to 40. each candidate pledged to reform soccer's governing body. infantino will now take on that. nhk world looks at what led up to the election of a new president and what fifa's future could look like. >> reporter: last may, sepp blatter was reelected for a fifth term as fifa president, but plagued by an ever-winding corruption scandal, he announced he would step down. the scandal involved marketing and broadcasting rights for events including the world cup. in late may, u.s. prosecutors indicted 14 people, including fifa officials on suspicion of bribery. switzerland was also involved in cracking open the case. prosecutors launch

the swiss is conscious of a huge task ahead of him if he is to restore f.i.f.a.'s reputation. >> we have to look disorder, reforms have to be approved. you have to start now to live the reforms. as of now and for the future, and for the past, of course, we have to make sure that we cooperate with the authorities, to make sure that everything comes out if something has happened >>> cristiano ronaldo could be in trouble with his team-mates after a defeat to atletico madrid. he claimed real would be top of the league if the team-mates were on his level. >> the club captain tried to diffuse the situation. the geelt was the first under zidane since he took overas french coach. one goal. the forward grabbing the winner in the 53rd minute. leicester kept hold on the english premier league, but they were made to work for it on saturday. a late substitute scored in the 89th minute to give them a 1-0 victory, putting them nine clear of tottenham and arsenal. chelsea up to 11. fighting back. with goals from cesc fabregas and i'vano vich >>> tottenham hope to keep the pressur

and swiss authorities who wanted fifa radically overhauled. after the glory infantino will need to work tirelessly to convince the world that his new fifa can be trusted. >> donald trump has been given a key endorsement from new jersey government chris christie, who had been a candidate himself up until a few weeks ago. >> i'm here to say that i endorse donald trump for president of the united states. america must have a strong leader again that can restore american jobs, that can restore american confidence, and donald trump is just the man to do it. [applause] america needs someone who can going to make sure that hillary clinton does not get within ten miles of the white house. donald trump can do it. >> we're live now from houston, texas, alan, what does this mean for trump's bid for presidency? >> well, t is a surprise. chris christie way sassing that donald trump couldn't be trusted, and america didn't need an entertainer in chief. now he's saying that he's the best man for the job. will it mean a huge vote scoring for donald trump? no, i

. >> did the swiss defeat the nazis? >> the swiss -- they didn't do anything, actually. >> america defeated the nazis. >> yes. >> boy, i feel like a horse's patoot. >> do you know who i am? >> no idea. >> i'm watters and you're in my worl world. >> are you going to propose? if you're not, quit staring at me. >> the candidates are probably going after that undecided voter right now. you just heard what iowans really think about the candidates on the democratic side hillary clinton keeping a tight grip on her slight lead over bernie sanders. in the final des moines register poll 45 to 42%. for more let's bring in tammy brews and emily tisch sussman, democratic strategist and campaign director for the center for american progress and action fund. so let's start with you, emily. first off, we just saw those latest polls, but essentially it's a statistical tie at this point, but you say hillary clinton is going to win. >> i do really see clinton pulling this out. a lot of it are the lessons she learned from 2008. she went int

shares plunging almost so% after the swiss bank posts its first full-year loss since 2008. but a cheerful oil stocks drags european markets higher. >> we are heading towards a rebalancing of the oil market gradually. i think we're getting into that situation within the next 12 months. >> now daimler taking its foot off the accelerator, saying it sees growth despite a surge in fourth quarter profits. and the risks of acting too late outweighs the risks of acting too early. mario draghi sending a firm message on boosting inflation, thereby sending the euro sharply higher. >>> hi, everybody. good morning. welcome to "street signs." very happy you're with us today. what a ride we saw yesterday. complete roller coaster taking place. in the states, the dow surging in a 420-point range. this morning in europe, we were called just moderately higher across the board. hanging on to some slight gains. in asia overnight, we saw a rally coming through after those wild swings in oil as well. a lot of people saying the positioning in the price of oil to the downside has been overdone at t

swiss watch a group reported 2015 earnings of missed estimates.r the first time in six years cents swatch has been hurt by the decline in the swiss franc and demand in hong kong. and maintaining dividend payments. sending shockwaves through the norwegian economy. the fourth quarter income will fall. , will retailers, amazon open between 300 and 400 to the mallccording operator of general growth properties. they opened their first store a few months ago. that is the bloomberg business flash. major banks from hong kong, shanghai banking and corporation steven major is looking for low rates. he looks like a genius until he gets to friday. we will talk about this in a bit . i know that francine wants to go to the european discussion. reaffirm we are on a trajectory to 1.5%? steven: yes, and we will get there much quicker than forecasted. tom: did you hear that from stanley fischer? steven: he seems to a back tracked. the last time i spoke to you, he was hinting strongly about following the path of 4 hikes. about reaffirming. now he has backtracked. i