joe: you touched on this earlier when you mentioned azerbaijan, but we've seen quite a few countriestheir pegs. tell us a little bit more about inflation and what else happens to the economy. saw the likes of azerbaijan and kazakhstan giving saw air dollar pegs, we significant decline in their currency, and this could lead to rising inflation and saudi arabia as well. that would likely be something of a problem its saudi does go ahead and do this so it has to be borne in mind that export is one thing and oil prices are another but they do have to remember that the domestic situation and import prices and inflation levels would have to be very closely watched because higher inflation would not even a welcome there. u.s. is the only one go call the saudi arabian depe a black swan event. if they did, what are the ramifications in the currency market? think you could clearly see major ramifications among emerging markets, and certainly we could see a rollback in what is happening with the federal reserve on their tightening cycle, but i think it would start to play havoc in the likes of

. >>> this is in azerbaijan and the road is covered in black ice and cars are out of control. a an intersection this busy can make it out of this hazardous situation without a crash. >> na.o way. >> you have a ton of cars you have large trucks. horns are honking. nobody crashes. >> there is classical ballet music playing. missing each nger on a completely out of control bus. where does this end? the hill is full of cars. >> oh, yeah. >> this tells me that people in this area in azerbaijan know winter conditions. >> yeah. >> that's the only way can you disguise it. >> if you thought that was shocking, get ready for this one. this building. two adults are there waiting. and then suddenly, they start helping one child and then another child and then another. >> this isn't an school bus. >> right. it's not a family vehicle. it's a vehicle for all the families. >> yeah, mongolian school bus is what we're seeing. >> it is the middle of are no other roads. there are no other vehicles. it's more just transportation across open country. >> yeah, it's 35 children and three adults. >> of

it is exactly what happened on tuesday in the capital of azerbaijan. people taking pictures like this one. cars slipping up and down the strt covered in ice, leaving car brakes and wheels useless. they are skating is essenally what they are doing. a bus began to slide siways despite the slippery ice there were no accidents. this is an eastern part of asia is what we said. >> it's not used to a lot of ice and neither cars or roads are prepared to deal with it. everybody is skatin >> that looks like some parts of michigan right now. that would be a january, february, march, sometimes may. lucly we do not have to deal with that iced slicked rights roads there. >> it is a trans continent nal untry in the region of eastern europe and asia. >> azerbaijan. >> good job. luckily, we'll have sun. >> wouldn't that be awful? we're bad drivers as it is. >> imagine that. >> sunny and 74 tomorrow. partly cloudy and 78 on sunday. guys being we're dry for the next few days. i know the clouds out there kind of getting you down. we're free of rain. it's going to be a gre

. >>> this is in azerbaijan and the road is covered in black ice and cars are out of control. a lot to believe that an intersection this busy can make it out of this hazardous situation without a crash. >> na. >> no way. >> you have a ton of cars you have large trucks. horns are honking. nobody crashes. >> there is classical ballet music playing. everybody is just perfectly missing each other. >> a passenger on a completely the hill is full of cars. >> oh, yeah. >> this tells me that people in this area in azerbaijan know how to drive in winter conditions. >> yeah. >> that's the only way can you disguise it. >> if you thought that was shocking, get ready for this one. this suv pulls up to this building. two adults are there waiting. and then suddenly, they start helping one child and then another child and then another. >> this isn't an suv. this is a school bus. >> right. it's not a family vehicle. it's a vehicle for all the families. >> yeah, mongolian school bus is what we're seeing. >> it is the middle of nowhere. there are no other roads. there are no other vehicles. it's

the weathert is another kind of extreme in azerbaijan. take a look at this video of cars slipping and sliding on ice in the capital baku. the brakes on cars and buses were pretty much useless as drivers tried to get through an intersection that looked more like an ice rink. amazingly, no accidents were reported at the intersection. ice like this is very rare in azerbaijan, and the cars and roads there are not prepared to deal with it. and a severe storm hit sydney earlier today. tower in the center of the city gets struck by lightning. the storm took down some trees and did some major damage to homes and buildings. australian media reported 16-thousand homes lost power. several train lines in the city had to be shut down because wiring had to be fixed. the storm also caused several delays at sydney's airport. (weather anim - with track) this afternoon: mix of sun and clouds. breezy. highs: upper-40s. winds: w/nw 10-20 mph, gusts to 30 mph. tonight: mainly clear. lows: near 30. winds: light nw. saturday: plenty of sunshine. milder! highs:

azerbaijan is its -- is an extreme example.white line here is dollar versus the measure by john -- azerbaijan currency. tumbled of late but the point i want to make is in december, the company abandoned its dollar peg and resorted to capital controls. now the world bank and imf are considering making an emergency loan of $4 billion to the country. alix: i'm also taking a look at arabia this is saudi reserves -- we just got the new data out today and you can see how much they have dropped recently. is quantitative tightening. this and china are putting a lot of pressure on the markets and this is what we have been seeing last couple of weeks. up, we areming looking at whether the u.s. is recession-browned -- recession-bound. will china pull the u.s. into a recession? ♪ scarlet: i'm scarlet fu. "what'd you miss?" we will get you caught up on the close of trading in just a moment, at first we want to head over to mark crumpton with the first word. mark: thank you. the brazilian president has invited all nations in latin america an

but another member of our panel yesterday, the president of azerbaijan said he thinks by the end of thisear or early 2017, prices could shoot right back up. let's take a listen. >> i think for companies, for investors, for governments 60 to $70 per barrel will be excellent price. and i hope to see that sooner than later. >> but by 2017? >> i think so, yeah. i think 2017. this year, though, the second half of the year i think will be the period of stabilization and hopefully we can see the growth. >> some believe that's wishful thinking by the president of azerbaijan. that's an economy under incredible pressure. the currency is down 70% since they depegged from the u.s. dollar. the russian ruble under pressure as well. they have higher cost production vis-a-vis saudi arabia. so it is a battle over production right now. and that's why we see a price around $30 a barrel or lower at the start of 2016. back to you. >> all right, live there at davos switzerland for us, thanks, john. >>> now let's take a look at where the u.s. financial markets are headed on friday. right now you can see the do

this is from acider by jan -- azerbaijan north of iran. even a city bus lost control. a local website reports no always brake slowly and a long distance ahead of time. weekend weather forecast for you, 69 degrees, chilly morning. afternoon clouds, high clouds, not rain-makers. 73 degrees on sunday. a lot of rain. than this. airport. over 6 inches of rain. month. over 8 inches. probably will not get there. none the less, we are fairly wet here for the month. great shot from tony in lakeland this morning. sunny, gorgeous. look forward to seeing some of those photos. 55 degrees at 10:00. temperatures cool through the numbers. 52 degrees at 4:00 am. overnight lows, upper 40s. the day. a chilly start but ends up really nice in the upper 60s. our current temp tampa international. west northwesterly winds. clouds. drier air here across north florida. high above in the atmosphere. these other clouds that you saw at sunset and likely will be in the sky again for tomorrow with that stream that goes back into the pacific. rpm forecast computer model, high pressure shifts over us.

this is in azerbaijan in asia. a cold snap there left car's breaks use spinning. very dangerous at that intersection. amazingly there were no accidents, despite the ice.. the country is not used to a lot of ice, and cars and roads are not prepared to deal with it. nigel: wow. >> now your live super doppler 4 hd weather forecast. john: i have to say it -- slow down there, bus. did you see how fast that was going? when you have icy roads, slow down. that bus gets me all riled up. alright, enjoy your weekend. [laughter] i will, once it starts. take a look at this live shot on top of paris mountain. we melted away the snow from last week. downtown greenville in the backgroundnot a cloud to be seen. this beautiful weather will continue through the weekend. the nice warming trend. even next week looks good. through the western carolina's and northeastern georgia, 56 degrees in dakoa. 60 in hartwell. farther north, a bit cooler temperatures. 52 in dillard. 54 in clayton. even outside, 54 in clarksville and camellia. 56 in dakoa. temperatures in the upper 50's to 60's thr

azerbaijan is putting on moving capital outside the country. it is widespread.imf working on your by jean -- azerbaijan. us in looking forward. that is on bloomberg radio in washington, boston, inference the scope, new york. ♪ francine: welcome back. let's get to the bloomberg business flash. britain's finance chief postponing the sale of stakes in lloyds. david cameron made a campaign pledge to sell the government's remaining stake in lloyd. gdp rose one half of 1% in the fourth quarter. service industry rose while industrial production and construction fell. warns earnings will get squeezed by the strong dollar. h&m gets about 80% of its products from asia. tom: we are looking at economics, finance investment. how about the stock market? global market online a equities. this function back after the civil war. this is world capitalization. gazillion dollars. it is a huge number. all of the countries lined up with the u.s.. 37% of global market cap. there has been a marked down, but it is not about the shanghai composite. about 58 trillion. it sounds like a lot.

azerbaijan searching for a lifeline from international donors. the government plans to ask the imf for $3 billion and another $1 billion from the world bank. the country has been struggling under currency pressures and falling oil prices. economy minister has resigned after allegations he received bribes from a construction company. was steppingaid he down to take responsibility for a political funding scandal that has rocked the government. he maintains he did not accept bribes. the japanese air bag maker takata is preparing for the exit of its ceo. the firm has been under fire for almost two years over defective airbags that can explode and should strap on -- should strap -- shoot shrapnel. lyft has paid 12 nine dollars to settle a lawsuit in california. remain there will classified as independent contractors and the company does not have to provide them with benefits like unemployment and health insurance. uber is involved in a similar class action suit in california. a lighter note, it is carnival time in venice, replete with masks and specta

am delighted to announce that while we have been here on stage at ces, we switched netflix on in azerbaijan, in vietnam, in india, in nigeria, in poland, in russia, in saudi arabia, in singapore, in south korea, in turkey, in indonesia, and in 130 new countries. >> the expansion completed a year ahead of schedule, sending shares higher by more than 9%. they finished the day at $117.68. >>> well, that wasn't the only announcement today at the consumer electronics show. still coming up, the gadgets that the tech world wants to turn into the next big thing. >>> here's what to watch tomorrow. initial jobless claims due out. it is the last piece of labor market data ahead of the big friday employment report. two fed presidents will speak, including chicago's charles evans and richmond's jeffrey lacker. and boeing will let us know its total commercial airplane orders for 2015. and that is what to watch for thursday. >>> volkswagen is going electric. the automaker showing off a new prototype at the consumer electronics show in las vegas. it's an attempt to change the company's image as it tries to

the nation of azerbaijan in euroasia doesn't get a lot of ice. roads, cars and drivers don't know how to deal with it. check out this video of drivers at an intersection that was more like an ice rink. a cold snap left car brakes useless and sent wheels spinning. amazingly --- no crashes were reported. we have video of two big problems on one street. knock and talk. why o-d-u students are hitting the streets off campus and having lots of devices in your home can really slow your internet down. so keep things moving with 100% now for just $69.99 a month online, get super-fast 100 meg internet, tv and phone for your first year. so switch to better, with our best offer ever. from the internet provider ranked highest in customer satisfaction by j.d. power. switch to better. switch to fios. o-d-u students are working to keep fellow students who live off campus safe. right now --- they are hitting the neighborhoods and handing out something that will help. 10 on your side's liz palka is live in norfolk "affluenza teen" ethan couch remains in a juvenile

. >> why we have been here on stage, we switched netflix on in azerbaijan, in vietnam, in india, in nigeriaand, in russia, and saudi arabia, in singapore, in south korea, in turkey, and indeed it easier in -- and 30 new countries indonesia, and 130 new countries. in each country, viewers everywhere are going to have the same television shows and movies that they can access on netflix. it is a bold move, but is it going to be successful? our tech writer is here with me now. ed hastings was saying this is the first in a global television network. know what? see if there to people and 130 different countries are willing to subscribe to netflix. and now we will need. - see. been operating in about 60 countries, so this is not like the first foray outside the united states. but when you do this, and go to every country with the notable exception of china, you cannot any tailoring. you just have to do it come and see what happens. betty: they did something a little bit different as they got close to the launch, right? >> in earlier international expansion they made a big deal of going into each m

kind of looked like it was going downhill a little bit too. >> maybe in azerbaijan. you're emergency vehicle trained. >> it looks like he's going faster than probably should. >> it's just like, whooe but not. >> limited stops. >> express. >> table salt is the only thing they have to treat the ice. >>> a little later on this morning, north and west of the city, you have to watch out for a couple of slick spots from snow showers mixed with rain in the city and along the coast. nothing heavy anticipated or accumulations. this could be a coating. up around 40. it turns breezy to windy later on. 26 in the city. could see upper teens, low 20s north and west. heading out for your friday night, bundle up. here's your weekend planner. upper 30s. sunday will feel better with temperatures back to the upper 40s. we could see 50s by next week. it feels kind of okay. bearable. >> it definitely -- >> few things on the roads and rails. path trains for you commuter. no service from newark to journal square. they will cross honor. a new thing on the roads, too. the van wyck expressway

supers: l/ baku, azerbaijan :02 check this out... this is video from (azur-bye-shan) this week -- where cars were slipping up and down a street completely covered in ice... a cold snap there left car breaks basically useless and wheels spinning as drivers tried to navigate a junction that looked more like an ice rink than a road... nnreports of accidents despite the ice -- some very good driving and cooperation there... it' pretty icyn asia as well -- exhihiit... it's making winter a little more beautiful in japan's northernmost island... the pieces are made with crystal clearwater from a lake on that island... where water is added to foundations -- including logs --- to create the art site... no snow fell as the sculptures were being made -- so the ice is close to pristine s you can see@for yourselfere... that exhibit will stay open until febbary 21st... still to come on the news at noon... it's high time for online dating sites -- which are seeing year-high numbers right now... we'll expln why... this is kww- we'll be rit back. it'

you see google are canceling, look at azerbaijan.ther countries, china as a force, you cannot solve those aspects read the dollar becomes smaller. people are pegging against the weakening dollar. manus: how low can you go? hans: i think we need to look into the corporation countries, summoned to look into. the other point you mentioned, sweden. are selecting to intervene in the market, in order to have their deflationary thresholds contained. other helps it, too, that focusing is going on. this is the last time. they were not very successful, absolutely. but when you have an apparently you as ash kronor, private investors saying i am buying a swedish asset, i am actually getting compensated via the exchange rate. rateot getting exchange undervalued, i'm getting compensated by the asset. that actually means a foreign flow of funds moves into sweden. therefore, when they intervene, there is a possibility to buy cheap swedish kornroner. manus: the u.k. prime minister david cameron in bavaria today not for beer but conversation with ange

-- our last place it was in 2013 when we made a club deal, with qatar and in norway and also by azerbaijanthink about it because we didn't think it was right. now, we thinkment it will start working. we will go to a large investors in the middle east and in asia before going to any others. jonathan: so you haven't started those conversations. >> no. jonathan: nonperforming loans. crudeble back near 80, around $27 per barrel, and a nonperforming loan -- will that situation get worse and worse or is it getting better? >> last year, we finished with a level of something like 6.2%, and the view for december was quite optimistic. we didn't expect an increase, price,rting from -- oil growth in china and many other aspects. commodity prices in general are quite depressed. we still have to feel how our -- at the moment, there is no directive to change, but it continues for some time. and we expect that it might worsen jonathan: you expected to pick up? >> we will have to see. the have two scenarios -- one is pessimistic and one is optimistic. side industries have started to feel -- some industries

organizers say the archdiocese of philadelphia. 3 (samantha)>> we have dramatic video out of azerbaijan (ah zer buy jahn) this morning.... where cars and buses are slip slidin' down a street covered in ice. a cold snap left car breaks useless and wheels spinning as drivers tried to navigate an intersection that turned into an ice rink. amazingly there were no accidents... despite the ice. locals say they are not used to a lot of ice and cars and roads are not prepared to deal with it. 3 (bill)3 >> a severe storm is slamming sydney, australia today. the sydney tower in the center of the city was struck by lightnin .. and it was caught on camera.. the storm uprooted trees and caused major damage ... west of the city. several because overhead wiring needed to be repaired. the storm also caused flight delays at the sydney airport. 3 (bill and samantha)>> we'll toss it over to meteorologist tim studebaker... 3 for today...gusty winds picking up today with rain in the sierra and valley rain showers. rain changes to snow tonight in the sierra through the weekend.a quiet start for now in reno..

both azerbaijan and another offer examples of how, from the depths of poverty that the soviet, the collapsing soviet system left to them, they've gone forward on a path of stability. we need to appreciate and have the clarity of purpose to be able to learn from real key is to , again, engage the citizens in ancluesive dialogue. i've -- an inclusive dialogue. i'm engaging in town hall meetings around afghanistan. what i learn in a single town hall meeting in a province is more than hundreds of meetings in kabul. so government hases to be taken out to the public. we need to take risks. if we hide ourselves behind walls, people will say, what -- but they areway -- they are away from us. the same way that they cannot build fortresses around our country, the same way is to open the government. and i think in these regards, capacity can build. the other point -- one other point. capacity is not an be a stracks. a lot of the -- abstraction. a lot of the prahms have been wrongheaded. because they focus not on what exists, they focus on an abstract analysis of what does not exist. if we mobilize, inst

allies, armenia and georgia in the region who are a constant threat from external forces such as azerbaijanand turkey. >> i think deescalating the situation. i sent a letter to the president along with my ranking member on mitt committee that laid out a strategy of first putting these range finding -- special equipment that can tell where a gun is fired from so if you have an incoming shell it can sell which side of the line of control is coming from. a direction finding equipment and to pull snipers off the front line. the pentagon tells us it lead to a much safer situation because you'll no longer have the trip wires so we're pushing for all three of those actions now at the same time i've been in baku as well as other places talking to the heads of state in both countries with a bipartisan delegation, elliot engel and i trying to lower those temperature temperatures. >> thank you for your time. a raheem rashidi with pakistan tv. in your opinion, how important is it globally and regionally that the u.s. support the kurds with logistical and military capability. thank you. >> i think it's

perfect game and helping allies, armenia and georgia were constant threat to external forces such as azerbaijanand turkey. >> fleet in the situation i sent a letter to the president by a ranking member and others on my committee that lay out a strategy of first putting these range fighting equipment to tell where a gun is fired from. though it can tell which side of the line of control the shell is coming from. it is a direction finding equipment. second, to put observers they are in or to require all sides to pull all snipers off of the front lines. if these three things are done, the ngo community and those in the pentagon tell us it will lead to a much safer situation because he will no longer have the tripwires. so we are pushing or all three of those actions. now at the same time we are talking to both governments. i've been in baku as well as fear of men talking to heads of state that both countries with the bipartisan delegation. eliot angle and night trying to lower those temperatures. >> thank you. in your opinion, how important is it now that the u.s.a. -- the military capabilities. t