strong wind are likely. they are going to happen. check on the elderly, keep your fire hydrants and mailboxes dug out. we told you a couple of days ago to mark the fire hydrants. hopefully you've done that so can you find them in case there is an emergency. doppler over last hour, boom, heavy snow now, richmond headed northward. that is the deep blue. the lighter blue is nothing to sneeze at. that is pretty good moderate snow. this is a -- there is the band moving across i-66 as we speak and now moving into southeastern loudoun county. we'll zoom in a little bit. we have light snow and steady snow. it is all shades of white or gray. this is the heaviest band he we can find now moving out of old town and headed right through d.c. and pretty much over the national mall. heaviest snow, 10:00 p.m. to 3:00 p.m. saturday. that hasn't changed either. tweet and facebook us pictures. we love the before and after. totals west of i-95. 15 to 30. that hasn't changed either. hopefully you are off the roads by now. futurecast, 10:00 tonight, had h

are we going to see more, or are you happy where the bank is now?na: the last 12 months have been very intense. the capital raise and changing the dividend policy, but more important the governance of the people changes on the board. not just as a group but in many subsidiaries and the team. we changed the ceo's in our five big countries. that is over. we are ready to actually start executing on our strategy. francine: and your strategy is what -- simpler and fairer? ana: santander has a very strong base, so we are present in 10 core geographies. 10 countries. santander consumer markets with a billion people where we have 170 million customers. and so everything, our focus going forward is going to be how to do more business with these customers. a hundred million are in our banks and only 13 million are loyal out of 50 million active customers. and so all our strategy is how can we make our customers be better santander customers? so if i ask you, francine, who do you bank with, you say santander. francine: and that makes me a loyal customer. so --

right now, we are watching the storm like you are to see what we are going to get and where we will endup with this. we want to reiterate again to folks as the mayor just has, this is a dangerous storm. there are way too many people out on the rots now and we need to make sure folks are getting where they need to be. we asked folks to be off the road, where they are going to be for the storm at 3:00. we are past that. if you are not where you need to be, please get there. it is just going to get worse. it will get worse fast. the snow is going to come in. you can see the initial bands that we have. we already have a lot of accumulating snow and we are starting to get accumulating snow on the roads. so again, this is a dangerous storm and we are asking folks to make sure you are where you need to be now. and that's all i have. we will take questions. >> how would you rate both the government's response and the public? a little frustrated that people are still out on the road. how would you rate that? you guys are keeping up with it and? >> i think as far as the government's perspective,

you are a journalist and you are on the ground there and you are sources what are you are hearing there? >> we have a preliminary report that police thinks the number of attackers is 14. this is very preliminary report. >> sure. >> and it's a possibility that the police already identified two of them. and they are searching for this -- these peoples of course. and there is a possibilities also among dead are attackers themselves. >> all of this reporting early on. [speaking at the same time] >> the con -- what we do have confirmed, though, is that there are at least four people killed, one of them being a police officer. it's -- we are just not certain who the -- right know who the other three people are that are killed and it seems that at certain moments some of the video were able to get tighter shots of but it's still in the completely clear what it is that we are seeing it's must something of critical importance to what has happened here this morning. as the scene -- is the scene around you outside, are things still really quotas the situation is happening, bam bang? >> well, it's

are less risk takers than they are today.ng its business model by making brokerage and asset management a bigger part of the business, deemphasizing investment banking and trading. that was their whole shtick coming out of the crisis, which almost sunk the firm, by the way. it was a whole philosophical change the james gorman was overseeing. fleming tog of greg run that business was a clear sign that that's where morgan stanley was heading. now with the institutional investor guy moving up, they are obviously rethinking some of that. to see greg go is really surprising. >> i think you are going to see this continue. both at morgan stanley and all the banks. however, if you want to play that game, if you want to play the institutional equities and fixed income game, you can't really have the firm run by two wealth management guys. james gorman is a consultant by training who came out of wealth management at merrill lynch. greg fleming was a banker who became a wealth management guy at morgan stanley. you have to have someone w

here are the stories we are working on. staying but not happy with owner mark davis. i will have a live report with their reaction ahead. >>> ups and fedex could soon have a major competitor. which retailer is getting into the shipping business?>>> mark zuckerberg posted pictures of his new baby. why some are upset. >>> we are also tracking the weather where we are seeing some pretty good sales come with her -- cells here. >> let's go to the reader and bring that up full-screen see conceding high definition. let's do the quick tour. we will zoom in on the east bay where you can see we have some heavy rain through the valley off of danville in san ramon proper. looks like the rate -- latest radar has heavy rain falling along that stretch of the 580 interchange. you can see as we side of the map it is a mix of light to moderate rain. if that 580 right is part of a commute, you can see decided to move off just great news. the wet weather will stay for a little bit longer. let's head toward union city with some heavy rain falli

>> there are parts that are way overdone.necdotest take one you could get -- you could paint a really bad picture along with the stock market and the currency in terms of just the policy implementation. erik: if the selloff doesn't stop, what happens then? stephen: this could affect the economy if this affects of the behavior of regular people, and at this point, i don't think that is happened -- that has happened. francine: the markets are in turmoil. we worry about china, that we might not have enough ammunition to deal with. what do you think the markets are spooked by? >> well, overall my perspective is, if you really want to look and forecast the economy and look at the real economy, don't look at the financial markets as an intermediary of the real economy. we have been no in a time where there has been a disconnect between what the world financial markets tell you and what the real economy shows you. it was really pronounced in china where financial markets went off their own way almost unrelated to the economy. by the

what are states are in. massachusetts, vermont. he has a shot. he has a real shot of winning in vermont. he's in the lead 32%. >> the presumption is he's going to win michigan, virginia. >> this is about the big mo, chris. he goes into the heart of crunchy, granola vermont. >> let me ask you, mr. chairman. mr. chairman from that southern base republican party, let me ask you this. does he have a 1 in 3 chance of winning. >> of getting the nomination? >> yeah. >> it's 50% easy. 50/50. >> he's got a better shot than anybody else? >> let me ask the question, who takes him out and what are they doing. the 40% plus he has is going to go to the polls and not vote for him? >> are people going to turn up at the caucus? i was at a rally and he talked to supporters on the ground. what caucus, we don't think he needs us to do that. does he need us to? he has a formidable -- >> he has to do what obama did. he has to bring the outsiders inside. he has to get people to show up that never did before. >> it's not just being aware of caucuses, but being a voter.

where are valuations now, and where are the opportunities? when you get these volatility events, that is when investors can make money. you get some locks, which are justified. the price-earnings on european stocks at the moment, 12.9. the average is about 14 times earnings. timess., however, is 16 forward earnings. even after the selloff come it doesn't look cheap for u.s. equities. this creates opportunities. places were inflation is low, we see a positive credit impulse. that is where fundamental investors should be filling their boots. guy: we will talk time in, which is a difficult subject, in a couple minutes time. ramin is going to stay with us. will kennedy joining us from our commodities team. up next, stocks struggle before a buying opportunity. that's the view of jeffrey gundlach. we will get the details when we come back. ♪ guy: 19 minutes until the equity market open. this is "on the move." a bright and chilly morning. it enables -- we will start burning more oil to keep our house is warmer. let's get to caroline hyde. caroline:

gas prices over there are higher than they are in the u.s.er than they are in the marsalis. infrastructure has not caught up. the u.s. market thought it was short gas. now, the whole thing has turned on its head. we are looking to step into this void and provide the quiddity. -- liquidity. david: are you starting this with a global focus? >> indispensably north america because i think that is where the greatest opportunity lies. my background is mostly energy. etals.ted in m as welltarted in metals and went to energy. i think we will start in energy and go to metals. i'm a gold traitor. maybe i will start in precious metals. -- i'm a gold traitor. alix: is there one commodity would not touch? still --ole market is and has this bearish tone. we have inventories building and refined products. initially, we will start in the base metal market because i don't think we have the bandwidth to deal with that. energy is fair game. north american energy is the sweet spot for what we can achieve. david: the state of the oil market globally -- perhaps ru

there are places in the world we put money in, there are places where we are selling.til the last six months, even though we like united states and it is our largest market or investment, we will are probably a net seller of assets in the united states because they have matured and done well over the last five years. erik: you are a net buyer where? bruce: brazil, south america, india, europe, the oil and gas business, in infrastructure around commodities. anything that is out of favor. value investors are contrarian. we are always trying to find those spots around the world. erik: you will not find many ceos they get excited about freefalling commodity prices. where others see misery, he sees opportunity. bruce: those companies need capital today. our capital is available to harvest the assets which are unproductive to their mainline business. they kept those on their balance sheets because those assets were core to them, but really unnecessary. we can take them off their balance sheets and buy them -- provide them significant amounts of capital to put back into their

there are concerns that are growing about what is ahead. after a dive of 550 points early in the day the dow ended down 249 points. it was the worse start for the market ever. for the first time since 2003 oil is selling below $23 a barrel. >>> schools may be closed another day in detroit as teachers continue protesting. here's a look at headlines around the nation and the world in your 60 second scan. teachers are vowing to continue protests today over recent pay cuts and deplorable conditions at the schools. on wednesday educators staged a massive stake out. >>> a mexican lawmaker has been brought in to speak to investigators about her relationship with el chapo. as of now she has not been charged with any crime. power cords for surface protablets. this comes after concerns of overheating. if this impacts you microsoft says you can get free replacement cables. >>> this is a story that will make any traveler frustrated. airport parking service shutdown without warning. that left customers and employees in the dark. premier parking closed d

at ford we are not feeling it. we are doing fine.at china perhaps a little differently today than it did months ago primarily because of the stock market. matt: are you concerned about the economy? bit aboutre a little the dollar being so strong but economy is our ticking along nicely and unless we have a shock, there is no reason why we cannot continue. matt: i will go upstairs and check out the white ford gt. and bill fordller in detroit. thank you. butse extending its slide it has come back close to even now. fallasting brent could more than $20 per barrel. vince joins us now. $20? vince: the balances we have been discussing will persist for longer. petroleum chain. take crude oil. inventory is 36% above the five-year average. really have not had a winter or seen that demand. well above the five-year averages as well. take a look at gasoline. we had a strong demand in 2015 but that is likely to be challenged in 2016. these balancesd, will likely persist. keep in mind in the u.s. we are still producing somewhere around 9 billion ba

his are a wii's are in these -- oe."rle -- his r s are in the single digits.conomy, if growing, it is difficult for a bank the size of bank of america to grow. tom: from paul miller, in 2016 of banku buy the value of america and other beleaguered aboardor do you climb those that are outperforming? paul: we think bank of america has continued to do a lot of blocking and tackling. the issue with all u.s. banks is that they are all trading as if they are one stock. so a lot of people are just buying the baskets of these institutions, and they are rising or falling relative to the interest rate or what the fed is going to do. i am bearish on rates. i do not think the fed will take rates up much farther than they have already done. it will be tough for these banks to grow in that environment. tom: paul miller, thank you so much. stay with bloomberg. all of our media today, as bank earnings move out. bank of america coming out within the hour. we are on the way to davos in zurich. we was big with michael spence of nyu. that is an important discussion. adam posen wil

are going down.nd we probably had peak earnings about a year ago. so not only are we seeing earnings revision ratio but gross margin are at their peak. they have no place but to go down. they are being boosted by buybacks and m&a activity attributed to the bottom line. you have to see pmi in the u.s. and china stabilize. because right now we are in an earnings recession we are in an industrial recession. and as much as the world isn't collapsing, i need that. but you talked about the fed policy, i agree. it is clumsy. but china policy and fed policy is injecting so much volatility the correlation in the markets for the next three months are held hostage by the policy and risk of policy failure which i don't think we have. add that up though, expensive markets, policy failure. >> over sold market. >> over towards here. that would be it. >> could you run over. >> very debonair of us. >> kick it off. >> i think david is right in the short-term. over the next few days. i think the market will rally. but

area conglomerate and are very strong jonathan: that operate -- we are a conglomerate and we are veryonathan: iran. competitors are getting back in. where do you think the opportunity is? what is the time horizon? >> for us, we are looking to the oil area. iran is historically a very big oil producer. the immediate steps you see us taking is that we will get backing on shipping. iran beforeped in and that is something we can move quickly on. jonathan: if china was a stock, buy or sell? >> at the moment it is difficult to say. i think the fundamental long-term chinese economy will do well. there will be lots of turbulence, but i think what the leadership is trying to do was the right thing. it is the only way it could be sustainable in the global economy. i think we have to be patient. jonathan: thank you very much. the ceo of the moller maersk. , more from -- up next,, more from davos. we will speak to the chief executive of btv bank. 41 minutes into the training sessions, stocks sharply lower, crews making fresh 12 year lows. good morning. ♪ guy: welcome back. 8:44 in london. we have

are very good.e have taken a lot of actions to improve the competitiveness of the company in the last couple of years. stay tuned. this is a story where i believe you will see improved momentum from diageo coming through. jon: but stock what the quarter we are currently in. we're almost a month down. much has been talked about in terms of the economy. feedback loops and financial market volatility, you expect a volatility and china to feed into your sales as we approach the chinese new year? it is a big percentage of your business. that event, that holiday, do you expect to see that volatility feed into the sales picture? seeing decent growth in china. we just announced greater china grew 4%. at double growth rates, but what i am encouraged by is how brent continues to do well. johnny walker blue label. we have these temples, the whiskey johnny walker houses in beijing. this is private consumption and that is doing well. i think that the chinese economy is clearly focused on growing domestic consump

are you a mason? he refused to answer any perfectly reasonable situations. >> i think mike tyson would know this better. you know where it lost me? gram knee nominated rapper. i didn't see scientist. i am guessing he is not kicking it with an astro physicist. he has done the research. he takes it to the lab. >> the mainstream media is having a field day and picking on him. you know, you have to present the facts, but you have to believe him. >> he said show me the space photos that are controlled by nasa. >> black helicopters flying overhead and you better duck. >> look, b.o.b. said don't bliebdly -- blindly believe him. just like with the vaccines. >> i did my own research. i tweeted at scott kelly who is in the spacestation saying hi, sir, i know you are up there. can you just tell us if a horse is round or flat? i am still waiting to hear back. >> now i am having to ask the questions even though i have a graduate degree. we know the world is round. >> why? i want to see him in 3d. >> they say every

the prices are lower. the currencies are better.ou're going to see investors come into the market. the question of liquidity is around the traders providing liquidity. >> is there a structural change beyond the recognition? a lot of automatic trading through algorithms, has the structural market changed to do a get more volatile? >> yes. they are pressured by regulators to get out of speculated and commodities. now we have a lot of volatility in commodities. we're surprised at this? >> is now it's time to be shopping for bargains? >> i think we're starting to feel opportunistic. there may be some rock 'n roll. i think there will be some rock 'n roll in the markets. if i do that, i would be a billionaire. i think there is going to be some rock 'n roll and it does require prudence. with the focus the governments need to have on building growth, do we think the world is falling apart? we do not think that. hans: more conversations from our coverage of the world economic forum. ♪ hans: welcome back to "bloomberg best." mario draghi and

so these are the road conditions we are dealing with this evening no. we are also seeing these problems on i-26 in henderson county and polk county. there are a few wrecks scattered along i-26 in henderson county, and i-26 eastbound is actually columbus because a dot truck is stuck out there. and there are some big problems cover over in west asheville, sand hill road is closed at shell bourne because of downed lines. a car slid off the roadway here and pit a hower pole. there is no word when the road will reopen but avoid that slot if you have to head out or live in that area this morning. remember, we have all these problem areas listed on our web site on wlos.com. just go to the traffic page. that's a look at your on-time traffic report brought to you by the wired mouse computer >>holly: buncombe county and henderson county are under a state of emergency now. >>jay: lauren brigman is live from the west gate shopping center. what does that mean for people? >>lauren: ultimately, stay at home if you can. emergency crews are needing extra hands to come i

. >> westbound lanes of the causeway are shut down. you are able to take the access road. you can get around on the service road because main lanes are shut down. two people seriously injured in this accident. one person is in custody. the best bet would be to take the howard frankland bridge. i am getting details of a serious accident on 275 southbound at the gappedy boulevard exit ramp in pinellas park. at the gandy boulevard exit ramp in pinellas park. morning to you. welcome to 10 news this morning. i'm allison kropff. >> i'm ian reitz. this pig digout could take days. millions of americans are going back to work today and trying to catch a flight in spite of all those elements. hundreds of people stranded in tampa over the weekend. we are just trying to get a flight to get home. >> reporter: yeah, i spoke for a lot of people that actually just got off of a cruise to belize in mexico. now, they are stuck in tampa, no flights, nowhere to go, no hotel room. today, there are only a handful of canceled flights at tampa international airport. not looking too bad. question i

make sure all the forms are on there. documents are signed, and forms are legible. we are going to talk briefly about what goes into one envelope. it has all the materials listed on it. your surveys, the finance envelope and nomination papers for the state legislature and above. it is the yellow envelope. it is the white paint envelope. get -- and that will do the pain copies of the registration form and math sheet. favorite vacation destinations here. we will go through it. talking about the what-if scenarios. let's be prepared. what happens if you arrive at your caucus site? you have a home phone and a cell phone for your site contact. make sure people in the parking lot to know it is a little bit to delay. we just want to be prepped for that. making sure we get that resolved. taking questions at the end here. you all brought that blank paper. you are going to start writing things down. , we have some extra forms. you begin forming preference do not haveou enough space in your location. need to use the gym and the hallway and the classroom to form preference group

all dow 30 components are in the red. 95 of the nasdaq 100 stocks are trading lower. a lot of this has to do with global commodities and the selloff in wti crude. take a look at my terminal. i want to show you the performance of the doubt on a monthly -- the dow on a monthly basis. this blue bar represents the latest fall for january, down 10.75 percent. a few months prior in october we saw a jump of about 8%. we're seeing not only a turnaround but volatility coming into the markets. all of the sets do with crude. crude right now hitting session down 6.5%. , not hit fresh low since september of 2003. looking ahead to thursday in iea report expects global glut will continue with higher u.s. inventories. stephen shark was saying oil likes to move and five dollar buckets. the selloff really started overseas. you could see in the australian dollar. you saw it hit in china and spread to europe. ramy: the ripple effect to europe now hitting us here. taking a look at the major averages that we want to look at, stocks europe 600 about -- down about 3.2%. interestingly, all of

here is a we are watching. we are a half hour into the trading session and stocks are joining the global rebound in stock markets after china's latest numbers supporting views of a stabilizing economy. and what do policymakers think about the rates? we will hear from former treasury secretary larry summers robertlas fed president kaplan. i will be talking to the ceo of pharmaceutical giant eli lilly on drug price hikes and research on break to treatments for diabetes and alzheimer's. a lot in the pipeline. we are about a half hour into the trading session. julie hyman has the latest. right nowlooks calm in the market, but we have the inventory report coming up in a half hour. julie: it looks like another volatile day, but it is in a tight range. we are not seeing run away moves. slightly higher for the averages. investors are pausing to take stock here. we are getting into the earnings season. that is something they are assessing. it seems there is a little bit of reassurance on the china fund. there is still a

are you powered by protein? we are.lk has 8 grams to help give you energy to unleash your potential. start every day with milk's protein and milk life. >>> that's what it looks like in philadelphia right now. that is near city hall on the west side of city hall in philadelphia. our breaking news on cnn, 85 million people in the path of a monster storm that is battering the eastern united states tonight. i want to get straight out to it. ryan young in margate, new jersey. and jason carole in times square. >> i was turning on the ifb on so i could hear you, don. the snow has picked up. if you look behind me, look at the street. you can see how much it has picked up. we have seen a couple cars in the last hour or so, some people still heading out to the bar but most people are heeding the warnings. we're in that golden hour where the water could rise. there is a full moon and high tide. we're going to walk this direction because this pier during hurricane sandy was partially blown away when the water came over the banks he

says they are still hiring, and the numbers are strong.e a sense of denial here, or what is really going on? tim: turnover across silicon valley can be very high. emily: 30%? tim: that is exceptionally high, but if you were to call it 15%, that's not abnormal. it's double that. that's a lot. i'm sure there is an element that is forced. there's another element of people who don't like where the company is going, so you proactively bring in people who believe where you are going. again, past that, i can't comment. emily: as a former cfo and former interim ceo, how do you view this playing out? what is the next chapter or the end of yahoo!'s story? tim: i think they have to figure out a way -- i heard recently it is one billion users. when i left, it was 725 million monthly. they have to figure out a way to use those to best effect, and whether it's with a partner who creates synergy around those or they have better breakthroughs on the media side of the business, i don't know. emily: would you sell? would you sell the core business? tim: if

geoff: what are you seeing out seeing? >> we are seeing a lot of trees. the wind has picked up a lot. i know in my area in greenville the wind has picked up, so we are seeing trees start to fall and limbs gross the road -- cross the road. /he i understand as we go upstate, still getting sleet, frozen rain in the upper part of the state. [indiscernible] geoff: got a lot more people working today? troopers? >> we have a plan in place, and that plan has been activated. we are monitoring the roadways. we have got guys on standby and ready to go. also guys activated to help with that. allyson: our weather guy is get worse overnight area what are your suggestions for tomorrow? >> as always, the first thing i can tell you, if you do not have to go, do not go. that is the main thing. if you have to, as always, change the driving habits for when the weather changes. by slowing down, keeping a greater distance, and following distance. bridges, overpasses, they are going to freeze the first. shaded areas in the roadway. you know the path, you took rival it on a dail

people, we are one of the few we are mile marker 324. talking to some people, the trees come you can hear several branches have snapped as we are sitting here. nothing is going on right now. it was coming down. this is what is going to happen through the evening. johnston county, 95 over the westbound. we were heading towards 42. stay away from this area. don't even come near this area anytime soon. steve: that is such an ominous sound. we recall that from previous ice storms. it's unfortunate. tisha: the good thing is it is not raining. >> it sounds like kind of scary advice. if you hear those noises, branches and tree limbs, that could mean tree limbs are about to come down. you need to get on your top floor. we have had that with injuries. you need to stay safe. that is in parts of wake county also. here is what we have seen so far. aries from durham to the north and west. some snow early on. that could change as the this area here, from a 10th to a third of an inch, parts of cumberland. that is where a lot of the problems we have see

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you are trying to read people. you are trying to gauge sentiment.ound the fact that i had been trained to make up my mind about a confusing set of information extremely helpful. emily: andreessen horowitz has really perpetuated this idea that good vc's need to be former founders or former ceo's. of which you are neither. sir michael: i think it's very difficult to tell from somebody's background whether or not they will be successful in the venture business. we have a lot of company founders at sequoia, but there is also room for lots of other people to succeed as well. being in the investment business is also different from running a company. people like us, we are not running the company. we are trying to help these companies as much as possible. the other thing that people miss is that we are working very hard on building our own organization, because unless you have that at the heart of everything, you cannot make consistent investment. emily: you say in the book that the minute you think you are winning, that is dangerous. and sequoia may be th

heavy snow and whipping winds are making it difficult. >> the park island roadways are icy and conditions are deteriorating. >> when it's over we could have up to a foot of snow. >> we have you covered from long island to the jersey shore keeping an eye on the storm. >> let's get right to john with the latest models and numbers. >> i must stress if you do not need to be out in this, if it's not critical stay home. conditions are just going to continue to deteriorate now. over my shoulder a scene from the city and you get a sense of that wind as well limiting visibility but also leading to some drifting but there's so much liquid available that that's where we are seeing the snow. diving into the radar this is a three hour loop to give you the sense of the motion on the storm. the green on the screen stays well to our south and could see mixing as it exits. it's a slow mover and there's so much available moisture. just an hour worth of data is rockland parts of westchester and a little bit of break down into bergen and essex. those are the real intense snow bands. we've had snow fall rates

there are partnerships of partners, and we are always talking to people who are great about whether orhey would fit on our team. emily: what happened with thomas? john: he wouldn't fit. emily: did he really want to be ceo? john: if he did, it wouldn't really work. partnerships don't have ceos. beth: we are looking for people all the time. we are recruiting on an ongoing basis. john: i want to be clear. he is brilliant. we coinvest with him and his team. which is also very good. emily: i've heard whispers that you are actively talking to other funds about, maybe the word is not merging, but working closely. john: partners leave partnerships and join new partnerships. beth: we are talking to people. individuals to join our team. we are always doing that and we are exciting that we will add one this summer and probably another one by the end of the year. emily: sucession in vc firms has historically been difficult. what is the succession plan at kleiner perkins? john: at any given time, kleiner has been unusual in that we have multiple generations of partners , and we have been diverse in

how many meetings are you having?! at giant, prices are down. savings are up. which makes the checkout lane, victory lane. my giant. >>> a couple people skiing through the streets of manhattan with the most appropriate soundtrack. the city's roads were closed to traffic. most of the subway was shutdown. 2 feet of snow there. >> now, going to share some of the best videos you sent in using the hash tag snow day 9. first, a dive and freestyle through the snow pool there in your backyard somewhat yes. going to get far? the snow. see what it is like when the snow defeats you. this school system there. kids are loving this day off. >> yes. >> here is what happens when you dig out as little as possible to get your accessible. it will take a second. when this car comes out you will see that is not how you are going to want to navigate -- oh, that is just a little too much on the car. they have more work to do. >> a lot of work to do. >>> a few patriotic ones, national geographic found this guy going through the snow at the mall. not to be out done by this guy who want

these are average consumers. that's probably the single most disruptive thing we are seeing within government right now. we are not outsourcing labor to other markets. these are residents driving around and earning extra income and then they are reinvesting in the local economy. it is very difficult with how you regulate these in the existing contracts. i want to talk about what is fueling the trend behind them. there are three fundamental trends that are fueling the disruption across the globe and we will start with the first 1 -- hyper connectivity. what this means is we going to a public restaurant, what is the first thing we look for? wi-fi. we are all walking hotspots. wi-fi has connected us and connected a number of devices. in fact, the population right now of the earth the 7.19 billion people. there are 7.2 2 billion devices on this planet. we now have more devices than people. this has created an hyper connected network where we all have the ability to jump online and do really interesting things. that b

we are hoping for that. kevin lewis reports from the silver spring metro office with more on the agency's controversial decision. well, it is official. the metrorail system is shut down, at least for the weekend, will possibly reopen on monday. of course, that is all contingent on how much snow and how rough the conditions are on saturday and sunday. not a soul on site at the platform, except for those two gentlemen dressed in orange test with her moving snow from the platform here. that is a tough job because these platforms are very long and the snowfall has been considerable. it is also continuing to come down. a lot of people had questioned metro's plan to shut down not only the above ground stations of the underground subway stations as well. they say it is twofold. they are planning on and a party planned on putting many trains underground where they will be free from the blizzard conditions, but also they were fearful of a power loss with writers stranded underground on a metro rail car. that is why t

stocks are in the green. only three are down and what is flat. let's take a look at some of the individual movers. these are some of the biggest gainers. microsoft is up by 5.5%. walmart 3%. these stocks contribute 75 points to the dow right now. looking at microsoft, microsoft is up because it beat its second-quarter earnings. perestimate at 78 cents share. a lot of businesses are piling into the cloud services. is looking-- visa for some caution and with apple, the latest news is they are developing a wirelessly charged iphone as early as 2017. those stocks all getting a bounce. it let's go ahead and go to the majors, right now they are on we are talkinggh about the gains today, they are on track to end the month in the red. most byaq down the about 8.5%. betty: i'm stuck on the wireless charging. that would be cool. let's get a check on the headlines with mark crumpton. mark: the obama administration is confirming that hillary clinton's home server contains some closely guarded secrets including materials requiring one of the highest levels of

these are all things that are causing increased concerns today.han: just to put the stock markets to one side, the shanghai composite has seen the craziness fall to a 2014 low. for many people, these are ad hoc cash injections. why don't they do something that could have a longer-lasting effect? robin: over the past few years, we have seen the money market rates spike before the holidays. the chinese holiday is in the first or second week of february this year. we were happy to let that happen in earlier years, but this time markets are having global effect. they did not want to risk this. what we have heard so far is this is short-term. the big question is, what will they do and what will happen after the lunar new year ho lidays are over? will this be a short-term or a long-term thing? the reserve requirement ratio for banks flooded the market with cash, leading to further market depreciation. they want to create a short-term stability, but after the holiday we will have to see what happens. jonathan: thank you very much, robin. still very much

markets are tanking. we are deeply in the red. all stocks are down. i want to get to julie hyman with more on that news. >> that number is coming in worse than estimated. a 49 is what an -- is what economists said. this manufacturing number coming in worse than estimated. it is also a contraction at the path -- contraction at the fastest pace in six years. readings under 50 do indicate contraction. this adding to the already negative tone we have seen this morning with stocks deeply in the red. it looks like it will be the worst one day selloff for u.s. stocks. we had that steep decline in the correction. began in china, where he also had a steep selloff you the shanghai composite falling 5%. this being triggered by manufacturing numbers there as well. if we can take a look at some of those chinese stocks we have been missing and chinese groups on the move, down nearly 7% on the day. this is the etf that attracts the onshore stocks in china. the individual stocks are also lower stocks. alibaba participating. >> we are seeing this rotation from last ye

arabs, andlims are not all arabs or muslims. my family are sicilians, but they are arab sicilians. that being said, when america has asked hears the word muslim, they think of arab mediterranean's, arab north africans, arab middle eastern spirit they do not put into their mind that there are plenty of white muslims are cries -- across america. there are plenty of muslims in the oriental countries, malaysia, india. i want to remind people, the last time we went to the extreme on race when we were talking like this, we ended up throwing all the japanese into internment camps during world war ii. but when america hears the word muslim, i do not find them putting an association with -- there are white muslims across the world. i am finished. host: manal omar? guest: thank you. that is a good point and one i tried to emphasize when i talked about the broad links in terms of muslims in america. i emphasize that it is really important that when we are making that description, there is not an attempt to say, by having white muslims, do not be afraid of us, because we are feeding the racial

candidates are here.ton are together again campaigning now together at every event coming up through the caucuses. there is still the question over her e-mails. new information on that. and then coming up in a few moments, we'll talk about a fox news anchor martha mccallum on what the latest reaction has been coming out of the state department. we'll talk about where all the democrats have been. i know you want to get back to super bowl 50 and that all- important forecast. we have been doing the temperature for you here this morning in iowa. started at 34 degrees. now, rosemary, up to 37.5. >> 37.5. >> it's going up. going in the right direction. >> the sun is coming up. >> thanks, ross. >>> he mentioned the cold temperatures there. >> yes. >> that's pretty mild here and people going down toexperience, they are happy. yes. some sunshine, scattered showers but that's not going to impact our day as we get -- >> oh, great. >> speaking of the devil, a live look over moscone center in san francisco where we ha

are you buying now? stephen: we are fortunate.ded with caution because all you nations were high. because valuations were high. and now the s&p is at the 50 percentile. that means more deals for avid equity. every equitymuch deal requires leverage. stephen: we haven't had that problem. you recently talked to richard branson. we just merged -- we just announced a deal to start virgin cruise lines. we haven't had an issue with that. there is more equity in the deals but the financing has been fine. stephanie: how about yahoo!? stephen: we can't talk about what we are specifically looking at. i think you know we coverage media heavily but yahoo! is looking at strategic alternatives. erik: given what is happening with markets right now, what is the process? you still have something. what is the process of taking a company private? stephen: we do things we believe in. over an amount of time. when it is appropriate. i guess you could say, have been lucky. i think the prospects are very good. we are already seeing greater deals right now

they are are going to be three parts to my comments are unlikely to speak for more than 10 or 15 minutes so that were. i'm a first go to talk about what it because of the strength of the book. then i'll make a couple remarks about areas where i thought the book was ambivalent or needing some approved by what i just to make two points about a bigger picture of the broader replication or how we think about gender equality. so first i think that the book, and she didn't mention all of it today but the book does a real demolition job of extremists in a way that's reminiscent of jimi's book, why we lost the era. it shows that single-minded overcommitted activists can end up undermining their own cause because they are so kind and tolerant and ideological. the second thing is it sort of brilliantly analyzes and traces the evolution of breast-feeding, which means breast baby into breast milk feeding, which he did talk about today, the of the pump. she also also for policymakers and the business interests who would seemingly make motherhood compatible with working via pumping without any change

are shut down.he latest on the crash that caused it and when you can expect it all to clear up. >>> stocks on wall street ended higher friday for the first king of the new year. -- gain of the new year.>>> feed your inner foodie. restaurant week begins coast dental sunday with over 100 restaurants getting out special deals. ♪ ♪ grow old with me ♪ let us share what we see ♪ just you and i ♪ ♪ grow old with me ♪ let us share what we see ♪ and oh the best it could be ♪ just you and i ♪ >>> welcome back and happy saturday. we have a live look at partly to mostly cloudy skies. isolated showers today. the forecast coming up. >>> stocks on wall street ended sharply higher on friday scoring the first weekly gain of the new year. this as oil futures surged and investors were encouraged by hints of potential central-bank stimulus in europe and japan. as of the hundred closed up 30 points in the dow jones closed up to 11 -- 211. the nasdaq added 119. joining us is our financial expert gary schlossberg from wor

i want to show you what the sectors are that are falling. board, you can see that all 10 sectors of the s&p are down. information technology is the most down, about 3.4%. energy is down about 3.2%, but they have been flip-flopping the whole day. it makes sense that energy is down the most because of what is happening with oil. let's take a look at what exactly is happening with oil. oil is down by more than 5.5%, nearly at session lows. , this is the lowest we have seen since november of 2003. a fresh low. confined to the united states. it is spreading around the world, from europe to asia. let's take a look at european stocks. you can see that from april 1 two now, they europe stoxx 600 from april 1 until now, the europe stoxx 600 is down. dragona, it is exit the and enter the bear. take a look at the shanghai composite. it is now at the 2900 mark, down about 13%. u.s. majors year to date, all down. and the nasdaq is down by 10%. really, a sea of red. david: thank you. this is bloomberg markets from bloomberg world headquarters, continuing

``where are you and what are you ``seeing? ``dan: we are in butler county ``driving around to find ``conditions to show you some of ``the side street. ``we have not seen much in the way ``of any back conditions on your ``main routes. ``we came across one side street ``closer to the city that did have ``some ice. ``it seems road crews are really ``working hard to make sure the ``street are clear for you. ``they will be working more as we ``expect more still to come into ``the area, spreading more salt ``and getting things retreated for ``another round of possible snow. ``as he worked through the area, ``we have not seen too many ``keep in mind, there could be ``black ice. ``it could be slick spots. ``"as you head out the door. ``take a little extra time. ``mark: dan, thank you. ``be sure to download the wlwt at. ``lisa: a recent incident ``involving a dog in the cold is ``bringing on more support for ``legislation to protect animals. ``leroy was found in an alley ``earlier this week in middletown. ``the 10-month-old puppy was `

they are winning but they are losing. they had a big deficit that will be a lot bigger this time around. they are exhausting resources. why are they playing this game. why have they turned on the spigot so much? >> some of it goes down to geopolitics. they are determined to beat the russians and iranians and they will use oil to do that. the big issue is credit. the reason the price of oil is affecting the stock market directly. you had loans from commodity companies and energy companies, which now they may not be able to repay. so you have to go through the bankruptcy cycle. people are afraid the more oil goes down, the bigger the bankruptcy will be. >> is this bubble, is this trouble to the degree we saw with the collateralized bank together gaightss how they took the housing loans and parss them out over and over again. are we at the same level of risk? >> there will be some pain that will be more painful than people spent right now. you will know you are at bottom when these bankruptcies start to get rolled out and th

they have told us that they are aware, and they are on it. they want to have power restored here by 3:00 p.m. geoff: all right, tim, thank you. allyson: what a beautiful sunrise coming up behind us. >> now your live super doppler weather hd forecast. pamela: good saturday morning to you. if you are still joining us this morning, maybe a fresh layer in your neighborhsome areas picking up another inch in the overnight hours. now, we are beginning to see some breaks in the clouds. a good sign there. our wind will be on the increase today. keeping things very cold across the area. this just screams cold in spartanburg. our live picture this morning. cloudy conditions, light snow off and on. in asheville, the wind continues to get the headlines. snow will be in and out throughout the day. not adding up to too much more. a north and new -- northwest wind howling through at 29 mouse per hour. making the temperatures in the 20's, feel like the single digithe winds are going to be especially gusty in the mountains. it will pick up for us in the fallin

we are angry at stupid people, we are angry at people who don't know what they are doing.ght we were in south , carolina, and amazing thing. we had an arena packed and they turned away more than 5000 people. i was saying last night, it was very interesting. we are all angry at what is going on. we want to get it fixed. we are going to get it fixed. it is going to be so good and so much fun. it is fun. i like doing this. here it is a saturday and i go friday night and saturday. all the time. i'm in iowa. next couple of weeks, i'm going to be seeing you so much you are going to be so sick of me. i said to chuck and the people, do you think it is too much? maybe it's too much. maybe they are going to get sick and tired. so, you know, we have a lot of energy. we are the opposite here. we have super energy. we want -- i don't want to waste any time. we are on the cusp of something that is so great. listen to this. reuters -- i love reuters. trump is 42%. by the way, this is like with 15 people. i take 42%. do you notice all the time? i started off with like 4%. then i go to 8%.

how many meetings are you having?! at stop&shop, prices are down. savings are up. which makes the checkout lane, victory lane. >>> we continue our coverage of the historic blizzard. this is a live look from miniola, nassau county. >> the breaking news is big, big problems on the long island railroad. all service is suspended. we're told through at least 7:00 a.m., and then partial service is supposed to be restored. we have a team of reporters to help you with your morning commute. alternate side parking is suspended through monday, february 1. >> meteorologist, amy frieze is in for bill. she is joining us with your accuweather forecast. >> good morning to the both of you. we're starting with clear skies across the area. really going to be a beautiful start to the day. we're expecting temperatures to get in the mid 30s. right now, we're below freezing refreezing on the streets and sidewalks overnight. so, be aware of that and be prepared for it. we're looking at 30 in central park. but a lot of spots in new jersey, below the freezing point by 10, 15 degrees. colder