all of the components of the ifo seemed to have dropped here. that's coming off very, very high levels back in january. we had high levels back in januariment ty men january. the manufacturing component rose to a new high. i'm curious to see where the capacity utilization number came in it's up at 87.9% versus an average of 87.3% still above the long-term average. that capacity utilization number is crucial when you think about some of the inflationary pressures that could emerge in germany. also switching to the construction, i would like to -- i want to look and see what the construction side of things is doing. again, that number came in slightly weaker back in january as the business sentiment edged down a bit all in all the number is weaker, but still coming off very, very strong levels. you can see euro/dollar has not done much on the news. as we saw the pmi numbers yesterday, it appears everything is starting off from such a high level, that we will start seeing increasingly more misses going forward but overall the picture is one of posi

the only person who would talk to us ishe army spokesman, when he says the fighting is ifo their problenow. >> this is not a military mission. it is more about public order c and mitted by the police. if authorities believe the situation is getting worse, the army would take command. reporter: meahile, like many children, they are trapped in a country sliding further into chaos. now all nine of the gold medals won by the u.s. in south here isre special, but one that stands out. for the first time ever, team usa won gold for curling. the men's team pulled off a stunning upset to beat sweden.mo fo on the big moment, i spoke to the president of a marylandlu potomac curling as an american curling enthusiast, what was it like for you and your club members seein e e americke the gold? >> we were over on about it. we were expecting a competitive game, but it was very tight most of the game, and then with a five-pointer at the end, the place you opted -- place erupted. every curling club in the united states open at that time was doing the exact same thing. laura: speaking of curling clubs in the

apple put up that disappointing earnings report when the ifo numbers disappointed.one of the triggers for the selloff last week. not just the overbought conditions and rising rates, but that apple report was disappointing. a big selloff. the question is, this pattern on a intraday basis is something that could be called an intraday head and shoulders pattern. if it reverses higher, apple will go higher. if apple was not flat today, the selloff would be bigger. it is important to see whether or not apple can hold that last low. the broader shark -- chart may suggest. finally, i just mentioned another source of pain beyond the overbought conditions in january, plus apple, disappointing report. we have a situation of repricing risk. this is the 210 spread of how we were having the yield curve flattening. it is moving back out. inflation expectations taking investors off guard. what is the real price of money now that the fed is out of the way and we have rates rising? pressuring the risk. especially today. stocks with the selloff we are seeing. shery: we saw that big u

our guest ifo

moving film which is made yet more poignant by the fact that the terrible events following the rise of ifo had yet to happen we're going to talk about those issues now with found as there is middle east correspondent imran khan just back from baghdad himself maybe you can just give us a rundown of well those last five years basically since the end of that film and i still comes along well that's i think to really explain it that we have to go back to two thousand and six seven and eight when iraq was a breaking point it was in the civil war between the sunnis and the shias and also there was in iraq at the time now al qaida in iraq were able to form because a lot of anger towards the shia led government within baghdad itself but it was really the precursor to everything that we've seen since then al qaida in iraq were defeated by sunni tribal militias the second was the awakening councils supported by the americans now when the sunni tribal militias got rid of al qaida in the rugged they were promised all sorts of things by the shia led government and. you fast forward now it's two thousan

s&p, ifo you think that you feel they had an adequate information, why do you think they came out with> exactly that. they had in adequate information. i think they were after headlines. they should have waited for the results and seen what was in the results and seen whether stands, and i think that's what moody's has done, take a more professional approach on this. >> what will want us look like in the next decade, a dominant asia,r, a bit player in or do you see global ambitions for the carrier itself with the designs on other airlines. ? >> we think there are huge opportunities in organic growth for the business. qantas international, project sunrise, which we are making good progress, that is the project to fly from australia ,irect to london or new york and that will be a game changer for qantas and give us huge opportunities. secondly, we are seeing continued growth in the domestic market. the resources sector is turning the corner. we have seen positive revenue growth in that sector. it is an important part of our portfolio. if that starts to drive we will have all cylinders. w