the cac requested regular updates on the issue. lastly, a report was heard about transportation network companies in california and nationwide. the cac echoed chief peskin's concern that cal puc is not sharing information on fees and observed that the cpuc fees imposed were too low and if necessary to pursue legislation to allow local entities to levy fees as the communities most directed impacted by the vehicles. that concludes my report. thank you. >> supervisor peskin: thank you mr. larson and congratulations on becoming the chair of the cac. any public comment on item 2? >> good morning commissioners. i'm the district 10 representative on the cac. i would like to thank mr. larson for his extensive rundown of the bridge comments that were made at our meeting. i look forward to two weeks from now at the board meeting and i would like to thank my constituents in district 10 and everybody on the board of cac for the last four years as chair. i don't step down lightly. i recently got a new job that requires i travel a lot, so took t

i know the balboa cac and city college cac and others have reservations about this. but i think some of the reservations aren't necessarily about this particular plan, but they're more about the long term plan. and i think both supervisor yee and i've heard very strongly that there's desires for certain things that because this is going to be a development agreement, ultimately, those things can be negotiated into the final package, such as a shuttle, the amount of parking and otherwise. i think the concerns of the neighbors are very real and this will have a big impact. but i think there's a lot of opportunity and i know supervisor yee has been leading this and i've been kind of backing him up in many ways. so, i feel comfortable moving forward with this. i do have a lot of reservations that supervisor cohen brought up. but i think we can finalize that. >> chair peskin: commissioner yee. >> supervisor yee: i also want to mention that i have been asking -- ting this is a ta meeting, one of the things that's really long term and -- but i'm willing to push the discussi

i know the balboa cac and city college cac and others have reservations about this. but i think some of the reservations aren't necessarily about this particular plan, but they're more about the long term plan. and i think both supervisor yee and i've heard very strongly that there's desires for certain things that because this is going to be a development agreement, ultimately, those things can be negotiated into the final package, such as a shuttle, the amount of parking and otherwise. i think the concerns of the neighbors are very real and this wiha

i know the balboa cac and city college cac and others have reservations about this. but i think some of the reservations aren't necessarily about this particular plan, but

well. about 45 minutes ago, the footsie down 0. about a5 minutes ago, the footsie down 0. 5% and the cactwo weeks ago i think it was at1. context, two weeks ago i think it was at 1. was at 1. stretch over the last two or three weeks. weeks. has been a heck of a week in terms of the business world. of the business world. interest rates sooner than previously thought. previously thought. us and asia have caused them to plummet over the last 2a hours. 0ur economics editor, kamal ahmed is here. twain shall meet but they are not the same thing. the same thing. american market particularly has been affected. been affected. up they are on the wrong side and back and drag down the market. back and drag down the market. grabbing the dog and swinging it around the room. around the room. the ftse100, the cac a0, much more gentle. gentle. if i should be selling and getting out of this market? out of this market? retail investors go in and i think you get the retail response. you get the retail response. are not a huge proportion of the market. market. equity markets as retail fund investors start pu

ftse up, cac up by 1.5%. ♪ >>> welcome back to "worldwide exchange."usy first weekend at the winter olympics in south korea carl joins us live from the games out there. carl, i know there's been a lot of stuff happening but is the weather really as bad as all the reports are making it out to be. no skiing happening right now? >> reporter: yeah, there's been a lot of postponements of skiing because of cold weather. mostly wind, dom it's interesting, it's definitely cold but the wind is a story we'll be talk be about later today. you mentioned day three of competition what a weekend of events really where politics started to overshadow some of the events kim yo-jong attending the hockey and the meeting with president moon a lot of debate over the weekend just how dangerous this charm offensive is out of north korea. and whether or not even the media is beginning to glamorize some of kim's vitt here. vice president pence in "the washington post" today, dom, said the ugg is willing to engage in talks after trying to maintain pressure over denuclearization

the cac is excited about the opening of the transit center. so much great work has been completed to this point. additional focus in this area is just another element to ensure that the center will be the premier transit facility and public aminutety. there is much discussion to whom it should be addressed and district six supervisor, supervisor kim with cc to mark farrell and all the associated departments who participated in the panel. this was done yesterday evening. as a cac we are not experts in this area and provide the recommendations only as a framework for consideration as an appropriate path forward. thank you for the opportunity to provide the update and happy to answer any questions. >> chair nuru: board members? >> i have one. i know i haven't, but maybe staff has, seen the way that the terminal will funnel people and protect people from where the construction still maybe going on, how they'lling g get up to bus deck, has cac seen anything like that? >> we have not seen an update on the egress looks like as a center initially open

cac down as well. lauren: holiday yesterday come the japanese stocks opened open slightly higher finishing the session not two quarters of 1%. however, the great on the screen for the other major averages. china up 1%. cheryl: listen up chocolate fans. what if we told you you could get paid to do nothing but eat chocolate. "fbn:am" starts right now. lauren: 5:01 a.m. in the morning in new york. tuesday, february 13th. tuesday. ash wednesday is tomorrow. i am lauren simonetti. cheryl: i'm cheryl casone. lauren: a lot of people give up chocolate for lent. cheryl: i will not be one of those people. lauren: the white house budget director mick mulvaney headed to capitol hill today. he has to sell the president for $.4 trillion budget plan to congress. the plan would add a trillion dollars to the federal deficit next year. it would also increase spending for border security and infrastructure. cheryl: connell mcshane in washington has more. reporter: sherilyn moran, good morning to both of you guys. it is a

on a regional basis at wmd, a mixed picture -- w m go, a mixed picture with the cac 40 and to 10 andhe dax is up sub 1% and the ftse 100 in the u.k. up 5/10 of 1% and the ibex in spain one of the worst performers. asset on a across headline level with european equities unchanged. space, a little bit of dollar strength which means cable off by 1/10 of a percent. -- interesting dynamics around sterling with employment and wage data with mark carney testifying and news about brexit geared -- brexit. and the u.k. and their view on the transitional deal. we ceos move lower -- we see yield move lower in the core and periphery. thematic chart that i got from marcus ashworth. spain and the u.s.'s 30 year yields rapidly diverging. front and.at the -- end. the final chart, i mentioned the euro, after flash pmi data on the eurozone coming in weaker than expected. the euro off slightly and approaching its trendline since mid-december as momentum appears to be favoring losses. we like to watch the technical charts. >> in the u.s., the major averages trading higher with the bulls out and the dow,

dax and cac's gains are up. the yields are coming back down.y dropped about 20 basis points in a flash jump in bonds on monday. then they rose again yesterday. another coming back down a little bit. it will be very interesting to see where we open. everything is a moving target. it will be interesting to see how long this rally lasts. that's this kind of story. the close, u.s. markets continue to rally. that's what we're pricing in in europe. you can see was been going on in japan and china. quite a strong fix in terms of the currency, sending a message that they are not happy to have their assets dragged into this maelstrom. let's move that off and show you what's going on elsewhere. the commodity index remains big. gold is up half of a percent. let's get a bloomberg first world news update. >> thank you. the u.s. house of representatives has passed a stopgap spending bill. some information may be added before the senate votes. president trump says he'd theome another shutdown if democrats continue to refuse demands for a border wall. >> if we

still steady on the stoxx 600 with the dax higher and the cac 40 up. liv-ex in spain is down 6/10 of 1%. -- ibex in spain is down 6/10 of 1%. stoxx 600 with not much direction either way and on the week is flat when it comes to european equities at the moment as we are about 20 minutes away from the close of equity trading. based, swedish-- krona one of the worst performers. cable is steady at 1.3966. a drop of 60 and one minute earlier in the session. europe,oving lower in tracking the 10 year treasury yield lower by about four or five basis points. metals on the london metal exchange. cable is flat. this shows that sterling is failing to escape a trend channel as the relative strength index pointing slightly lower. a technical chart we are looking at. is it time to retreat? taking a look at euro-yen, one of the pros look at. euro-yen above the 200 day moving average, the last time it dropped below it was in april of 2017. vonnie: the president is still speaking at cpac, the conservative political action conference in maryland. he called the nra great

cheryl: take a look at europe, stocks falling, wall street higher, cac 40 and dax in the green. lauren: sang high composite up about two-thirds of 1%. cheryl: busy day for the president, set to address conservative base at cpac and then hold news with prime minister of australia. lauren: what kylie jenner that cost snap over a billion dollars. fbn:am starts right now. cheryl: 5:01 a.m. here in new york, friday, 23rd, good morning, i'm cheryl casone. lauren: good morning, i'm lauren simonetti, any good weekend plans for you? cheryl: there's a lot of flights in my future, it'll be very exciting, i will see you at the airport. lauren: president trump said is said so speak to cpac for second year in a row. and gun control to be a major topic in speech later this morning in aftermath of parkland shooting. cheryl: and then the president welcome prime minister and expected to ask the president to consider rejoining the transpacific partnership. that's at 2:00 p.m. today. lauren: president is pushing earning and paying them bonus and extra money to do so. cheryl: blake berman at the whi

the cac 40 by 3.5% the open. all of these currencies are falling against the dollar today . 0.25%.own by the german ten-year down 2.8 basis points. the yield earlier fell by six basis points. ten-year, the german closed at its highest level since september of 2015. rising, other commodities declining. take you look at the grr function. every single industry group is declining on the stock 600 today. these stocks earlier rising as much as 31 points or 71% to a record, the highest level since june of 2016. bp dodginghow you the disappointment that afflicted other oil company earnings. exploiting the upswing in crude prices -- oil and gas output year,ast and fivefold increase in fourth-quarter profit -- not all stocks are falling today. bp up .7%. vonnie: this event we saw yesterday not completely isolated volatility products -- we want to take a look at how limited the contagion is. in ken monaghan. this wouldn't normally be an event that impacts high-yield. the vix back to levels we saw during the china currency w

cac already down 3%. ftse down now 3%. see with the ibex does, pretty similar numbers expected there. we are anticipating it will be down by 3% to 3.5%. -- 3.6%. by 3% to 3.36 the dax trading lower as well, down by 3.24%. a relative trade. this is very red. the i.t. sector, very small sliver. see, just as you can about every single sector is trading down. the s&p -- the s6 be is down by the present. what you will notice is it is a lot brighter than it normally is. the materials are trading lower. energy stocks, financials feeling like they are under pressure. matt, what are you seeing? matt: that me give you the opportunity to guess how many stocks are gaining on the stoxx 600 this morning? what would you wager? guy: three. matt: that is correct. three gainers. 492 down. what i am really guessing is they must be a german-speaking country and must not have opened yet. here you see the big losers. nestle, novartis, royal dutch shell. that spans the gamut from consumer to discretionary to pharma to oil. you see bank in their

dax and cac 40 in positives after lows earlier.ixed picture when it comes to industry groups. this is bloomberg. ♪ nejra: plum london, bringing you the european close. at what isa look happening across the region, having seen most of the benchmarks and the red for a lot of the session, we have the up at 2/10 of a percent. from those from earlier and now down at 7/10 of a percent, and coming up from percent as 3/10 of a we finish up equity trading in europe. it is trading flat now having been lower overall at some points in the session, a bit of when it comes to industry groups, the downward drag is coming from the i.t. stocks and discretionary, and on the upside, utilities and energy thenoutperforming following inventory data we got earlier today. stockhow you a technical on the euro stoxx 50, this is a eurozone stock showing a bearish signal. the 50 day moving average has fallen below the moving average and is happen for the first time since september 2016, so it bit of a bearish signal for eurozone equities. and then finally, jus

down 10% from the high in january and the cac 40 is down. they biggest weekly decline for the european benchmark in two years. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton counting you down to the european close in 14 minutes. vonnie: a lot can happen in those minutes. i am vonnie quinn in new york. let's get perspective on the latest market turmoil from matt winkler from bloomberg news. you have seen many corrections. today, we have seen a couple of corrections. what is different about this market turmoil, if anything? >> janet yellen is gone. literally, the day her successor, jerome powell was sworn in, volatility surged. one of the characteristics of the janet yellen fed was that volatility collapsed from her predecessors, ben bernanke, alan greenspan. even paul volcker. what does that mean? janet was a very effective communicator. her fed was good at giving people very clear direction about where the economy was headed. as a result, the markets were much more subdued or behaved, even as they appreciated. the difference

in percent the cac forty in pairs one point seventy five and the fourth c. in london with one point six percent down in general it seems that it was a first initial shock for investors but then they realize the situation is not a very bad of course markets are down we don't have to fear a possible recession so that's why the markets then slide the year recovered it even looks worse this morning on the bitcoin front remember in december the britain was still at a level of about twenty thousand point this morning it was even under the mark of six thousand dollars so markets in europe. decided to calm and then the rest of the world is this market adjustment may be healthy right now. while one investor was telling me little bit earlier that he was actually waiting for this sort of correction he was telling me that during the last weeks and months the market was just a tool strong and it was not even reflecting the real value of those companies so he has been telling me that this correction might be even healthy for the market. frank thank you very much. and that

cac, but the ftse in london is down by 36. cheryl: lauren, is a tablet or a phone.e the iphone 10 plus. it is massive according to reports. "fbn:am" continues right now. 5:31 a.m. in new york on tuesday, february 20th. good morning i'm cheryl casone. lauren: good morning. i'm lauren simonetti. thank you for joining us. iphone 10 plus. cheryl: i've been enjoying the smaller size of the iphone 10 but maybe i'm about to be outvoted by consumers around the world. lauren: you might have an ipad. president trump supporting efforts to improve federal background checks for gun purchases. a group of students heading to florida today calling for gun control laws after the massive school shooting killed 17 people last week. cheryl: live in our new york city newsroom at the latest on what will happen today. kelly wright. reporter: good morning to you both good when students for marjorie stoneman arrive in tallahassee today, that when demand for state lawmakers to stop gun violence. a series of vigils being held to remember the 17 people who died in last week's tragic school sho

ftse 100 is down 0.35% xetra dax similar declines cac having a weak day. all of the four indices are not having a good start to the trading day. let's switch to the u.s. you can see that the dow was down more than -- just about 300 points on the trading session. that puts it down at almost 1.2% s&p was also down 1.3% this is on the back of powell's testimony. this was his first testimony as new fed chair. there was some concern that his tone was a bit more hawkish and he is perhaps prepping the market for a more aggressive fed going forward. equities did not react well to that bond yields sold off about 5 basis points jay powell said the economy is powering forward in his first appearance before congress, he was confident that inflation is on the way to hitting the fed's 2% target and supportive of a gradual rate hiking path he said the fed is carefully watching the impact of tax cuts and more stimulative fiscal policy some investors are pricing in four rate hikes this year rather than the three in the fed's most recent projection. what we've seen is incom

ft 100 in the cac down. in asia overnight come the great across the board. the best performer was in hong kong. hang seng up almost 2%. unpatriotic minority leader nancy pelosi with it historic tax overhaul. this time she says it's a grave disservice to the country. >> is what you are doing is cutting taxes at the high-end and therefore not being allowed to invest in the future. you're doing a grave disservice to our country. more as the cloud slams pelosi over her own not worth the wait until you see what happens next great tragedy in alabama to report. a police officer killed, suspect dead following a standoff with police. the latest from the scene this morning. the dallas mavericks are investigating claims of misconduct after he "sports illustrated" investigation had over a dozen current and former employees labeled the environment is hostile. news coming as the basketball program is stripped of its national title following its own sex scandal. details of the court coming

we have seen gains on the dax and cap 40 -- cac 40. overall, equities are in the green.he fx space has been the story of dollar strength, bouncing back room a three-year low. euro down .5. cable unchanged. not such a sizable move in that fixed income spaces. of movement there. if we turn our attention to the stoxx 600 and what is happening within the industry groups, most are gaining on the headline level in the benchmark up .4. construction and industrial good companies leading gains and lagging are commodity producers, down .5. thanks also underperforming. -- banks also underperforming. to the fx space, i was talking euro weakness. g10.did well compared to the games have slowed as the rally in the yen has gathered pace, begging the question, whether the way to short the dollar is buy it again rather than the euro? look at fixed income, not huge thes, but we have seen that gilt bund spread, that widening in it, is running out of steam a little, even as those expectations have been gaining off that boe rate hike in may. abigail: the bears are out of it this tuesday the u

ftse not doing too badly cac off by almost 1% let's look at u.s. futures as we gear up for payrolls they suggest some weakness for the major indices. remember we have been seeing a stumble towards the end of january, because of that higher yield environment. payrolls will be key if we see some traction with the average hourly earnings numbers, that may have something to do with the fact that inflation is starting to rear its ugly head again. >> to bring you more details on that, the company's ceo kazuo hirai is stepping down from a front-line executive role. he will be replaced by kenichiro yoshida on april 1st hirai will become chairman sony streamlined its business cutting back in areas like pcs and tvs and focusing on smartphones and image sensors. yo she >>> amazon posted the largest profits in its history with sales over christmas driving the income to over $2 billion shares surged off the back of results. >> reporter: another big earnings report from amazon driven by record holiday shopping season and continued growth of its cloud computing u

the dax almost down 2% the cac down 1.25% and the ftse mib down 1.25%. let's look at the sectors across europe it's not a pretty picture for any of them. we can see basic resources down 0.25%. financial services down 2% down. industrials down almost 2% not a lot of good news for investors in europe. >> after a long stretch of complacency, volatility is finally back let's look at the vix. note that it posted its biggest one-day jump in almost two years. it was interesting to note just the evolution of the selling on wall street overnight. it started in a fairly orderly fashion, then it just went ballistic. there was a dash into the options market vix hit 3.6 million contracts, that's three times the average volume once again, large volatility is back let's look at the u.s. futures they are implying more stress for u.s. equities. yesterday futures seemed to underestimate the depth of the selling on the u.s. markets. same could happen again today. a lot of the selling has come from the program trading so this is the cascade effect. this is what is making it

the ftse 100 still the laggard behind the xetra dax the cac up more than a half of a percent the ftse up almost 1% let's look at u.s. futures a couple hours ahead of the trading open there the dow jones up almost 20 points nasdaq and s&p 500 both looking to open slightly positively as well that is it for today's show. "street signs" here in london. i'm willem marx. "worldwide exchange" is coming up next on the other side of the atlantic >>> wall street looking to kick off february in the green after the dow and s&p 500 posted their best monthly performance in nearly two years >>> facebook reporting a big drop off in one key metric a wrap up of the company's quarter coming up. >>> and paypal plunges as ebay says see you later it's february 1, 2018, "worldwide exchange" begins now. ♪ >>> good morninga

ftse, cac 40 and cac in the green. lauren: violet classes on board a carnival cruise ship turned into a fight club. "fbn:am" starts right now. cheryl: 5:01 a.m. in new york. monday, triggering a team. happy presidents' day. i'm cheryl casone. lauren: good morning. happy presidents' day. i am lauren simonetti. cheryl: did i have a field? lauren: futures trading that won't be there in a couple of hours. trinity president trump going on a twitter rampage after they were indicted for allegedly interfering in the 2016 presidential election. first the president blamed the russian investigation for the fbi missing clues in the dead way forward to shooting. and then he says very sad that the fbi missed all of the many signals by the florida school shooter. they're spending too much time trying to the russian collusion with the trump campaign. there is no collusion. they get back to the basics and make us all proud. former independent counsel kenneth starr telling around maria bartiromo that russia is to blame. >> i think we sh

cac in paris up half a percent. dax in germany of one third of 1%. overnight in a check of the nikkei average are good. japan up one and two thirds%. the other majors as you can see mixed fractionally moving. tragedy on the tracks are poor. the carrying republican lawmakers to their retreat with several lawmakers from their seats. the details as the passenger in the vehicle was tragically killed. we've got the story. lawmakers today at their retreat, the driver of the truck bed this morning. president trump will travel after receiving massive praise for state of the union address. the commander-in-chief was because he works at the party on several key initiatives including infrastructure. here comes the memo. the fbi calling not to release the classified memo which they say contains allegations of improper surveillance. the republican side -- the fbi citing grave concerns about certain omissions. white house chief of staff john kelly waiting on the release. >> national security letters in the white house work for me, work for the president. looking o

in paris, the cac currant up 0.30%. the ftse mib up 0.50%. banks are down significantly almost 0..61 shares of bhp have fallen to the bottom of the stoxx 600 after net profits fell 3 1%. despite that, the mining company is raising its dividend sharply. underlying profit rose 25% but missed expectations. bhp said the costs and risks of collapsing its dual structure outweigh benefits. the mine has been under pressure from elliott advisers to rethink that dual listing. the ceo said he was keeping an open mind ahead of a meeting with the activist investor >> there's a wide range of estimates to the value of coming under a unified structure. we're open to all ideas which can simplify our business. we have driven cost savings with most to come with the way we simplified the portfolio and the ways in which we operate and created a culture of simplicity. so it's on strategy for us to have this debate i've been looking at the dual listed structure since i became ceo and trying to find a way i could do it for value, but not take undue risk in unifying

we are seeing gains of more than 1.5% on the cac 40.e core and the periphery really have been a broad-based rally if you look across the region. if you look at what is happening with the industry groups on the stoxx 600, if we take a deep dive in the grr function on the bloomberg, overall the stoxx 600 gaining more than 1% at the close. every industry group an agreement led by commodity group producers up top. with thete stocks industry groups, but even they have gained more than 5/10 of a percent. really we are seeing breath to this rally today. take a look at what is happening in the fx space here. it has been quiet here with the euro flat earlier, but it is higher against the dollar by some 2/10 of a percent. at76 is where we are looking euro. the euro-dollar is the most traded currency pair. take a look at what is happening in the fixed income space as well. we have seen yields generally move higher with the 10 years on the sovereigns. the 10 years was up by five basis points and we are higher by two basis points on the 10 year yiel

cac higher as well.many markets closed for lunar new year but in japan nikkei jumping up and the bank of japan governor nominated for new term. cheryl: our -- are investors back in? fbn:am continues right now. ♪ lauren: 5:31 in the morning, friday the 16th of february, good morning, thank you for joining us, i'm lauren simonetti. cheryl: bitcoin? lauren: are they back in the stock market. lauren: what a tremendous week. you can see futures up about 70 points on the dow, investors this week have put the corrections that we saw last week in the rear-view mirror or have they? some analysts say we might be racing to record highs too fast. is it time to put on the brakes, we bring sean and edward of the american institute for economic research. hi, guys. >> hi, how are you? lauren: is this too good to be true, sean, is this rebound for real? we have been up this week by 5% for the most part. yesterday we finished at the highs of the session, that's a good sign? >> i think that's a good sign. we are still 5% o

dax, cac, mib all struggling to start the day in the positive. ftse 100 is leading for a change, up 0.1%. all eyes will be on the uk inflation data coming up in about a half hour's time let's look at asian markets. all of the other majors, we saw kospi in the green, hang seng also had a good session in line with the u.s. and the dow and s&p having a good rebound session the first day of the week knee day wnikkei was down overn. nikkei was on a national holiday yesterday, so there was no market activity there. you would think that on the first day of trading it would catch up with its counterparts that has not been the case some point to the fact that the dollar/yen has appreciated another 1% so yen is weighing on the nikkei also speculation about who will succeed mr. car rokuroda let's look at fx the picture this morning is one of dollar weakness once again. u.s. equities stronger and dollar weakness persists sterling/dollar is about 0.2% stronger euro/dollar also about a quarter percentage point stronger. >>> the recent stock market drops have p

that is the instrument is a cac or a community -- cac. any way, we are -- in all of these organizations, support what's going on here. we just want to have input, and we, the workers, we the residents, we the developers, and we the city, if we all work together, we can make this work, so let's keep going at it together. thank you. >> good afternoon, commissioners. my name is michelle olivas. i am with united playas. i am born and raised in san francisco. i have lived in soma since 2000, and district six and soma specifically have born the brunt of development in san francisco with little or no return on investment in the community. this cannot continue. we have a lot of feedback to share, but today, we really just want to make sure you hear. we are concerned that we will be involved in this process, and that we expect that the community voice is sought out, respected, and incorporated into this plan. as a soma resident, it's really challenging for me to kind of idealize this wonderful new neighborhood that's going to be happening a couple

the cac down .3%, the ibex down .3% and the dax taking more time to open on these markets.t. let's have a quick look at what is moving around on the markets and individual stock names. numbers out of bt, astrazeneca and there is matt miller who has joined us. this is what we are seeing across the markets at the moment. and negative picture coming through. perhaps we have the mr screen for you. a few movers to the upside, up by 3.3%.moving a return of cash to shareholders could be of interest. a few oil supplier businesses in there, as well. the oil price looks a little stronger when we checked in earlier today. a mixed bag of movers to the downside. caixabank is in there. thatk set of earnings from spanish bank and the stock is down by more than 2%. that's the picture across the equity markets right now. to the be looking ahead jobs report later today. one of the big factors will be 180,000 and 4.1%. matt: i am looking at the spanish jobs report. we were looking for a number that was 52.5 and we got a number that was 63.7. the spanish unemployment level a netet change -- as

the -- the cac 40 in paris as flatline. u.s. cable giant comcast has submitted a 22.1 billion pound bid for u.k. broadcaster sky. threatens the planned takeover by rupert murdoch's tot century fox, who wants acquire the 21% of sky he does not already own, delayed by u.k. regulators. sky shares jumped 20% on the bidding. a german court really has paved the way for diesel driving bands in the country. judges at the federal administered court in life sick have ruled that local authorities can prevent diesel cars in some areas, with attempts to shakeup transit policy. the effort by singapore-based chipmaker brought onto takeover d drawinglcomm is scrutiny. the committee on foreign investment in the united states has the power to stop what is broadcom had planned to move its borders to the u.s., but that may not be enough to satisfy regulators. rochelle: the cuban economy may be struggling, but one sector is red-hot. analyst: cuban cigar sales are breaeaking records. a surge in demand from china has helped global revenue r rise of pe

cac in paris down one half of 1% in the dax and germany down a third of a percent. in asia overnight tirade across the board take a look at her worst performer there japan. nikkei average down 1.5%. the battle over gun control as the students in parkland florida return to school today. there was a bipartisan meeting with lawmakers to end gun violence. i'll speak with one of the students are marjory stoneman douglas high school about his return to school this hour. a major impact on the business world as well. the latest of several states including new york, ohio forced delta air lines following georgia lawmakers try to end any text benefits for delta over his decision to cut ties with the nra. a health scare at a virginia military base. 11 people fall ill after opening the letter containing an unknown substance. a deal at the doorstep at amazon putting a ring on it acquiring the doorbell maker for $1 billion bid what it means for your delivery coming out this morning. jointed talk about it, dagen mcdowell. former utah congressman and fox news contributor, and jason

ftse off its lows of the day, as is the dax and the cac 40. bloomberg. ♪ mark: live from london, i'm mark barton. vonnie: i'm vonnie quinn could this is mark. this is the european close on "bloomberg markets." downil: the major averages over 2%. a tremendous amount of volatility following yesterday's big decline. the dow between yesterday and friday had its worst today drop since 2018 -- people don't know what's happening. take a look at it today chart of o-day chart- tw of the dow. this is the russell 2000 over the last year. in just three days, the russell 2000 slides through its 50 day and 100 day and is resting on the 200 day moving average. more selling is likely ahead. not surprisingly,, volatility has spiked superhigh. you will see the huge move up and volatility -- in volatility. the complacency is gone. one reason to think it will continue, the selling pressure, beyond the technicals of the 200 , this is theerages bank of america merrill lynch global financial risk index. 2007, superlowd before the stock market crash of 2008. somethin

the cac 40 down by 5/10 of a percent, and outperforming a little bit in the green, it seems to be closingpretty much flat. if you look at different industry groups and how they are , again, most of them in the red today. we are seeing commodity producers outperforming higher at 1%, but on the downside it is defensive's that is underperforming, things like health care, telecoms. so not a huge decline, but a broad base. take a look at the credit space. this is showing spreads at the whitest versus high-grade, so this is investment grade odds, idest.the w cable has been in focus today, we have that cpi out of the u.k., and we saw a little bit of a lift on sterling. up for tenths of a percent, and that is a look at european markets. some buildings are seeing new scenes, and you can thethe dollar index -- we got the news that kuroda was going to be appointed for another five-year term, and perhaps his deputy will be hawkish and that is strengthening for the yen. lowerakes crude oil ever -- that is likely to put downward pressure on inflation, and a look at the rand, just below 12 as the market