on courtney donohoe. betty? betty: courtney, thank you. china seems unable to catch one single break. composite pushing at 16. mark, the currencies, capital outflows, it only seems to be intensifying with each passing day. to help make sense of china's meltdown, here is what he had to say. there is no real news. , the way reminds us that you structure market rules can increase or decrease volatility. in awe are seeing here, sense, is the consequence of market rules that were not as well-designed as they could be. mark: joining us, our chief investment officer -- are we better off withoutthe circuit breaker? a gravity that fell just short today. it will probably be down 7% today. i think anything that can move liquidity -- mark: the reference rate had barely changed, and still we have the market selloff in china, 5% decline going on. the policymakers are communicating this in a clumsy way. i think the markets are drawing conclusions that are a bit pessimistic that. i do not think this is a hard landing the policymakers know about and they d

i'm courtney donohoe. let's get back to london and the minutes of the bank of england posco first meeting did little to suggest the governor is in any rush to raise interest rates. inflation holding him back? of the facts is holding him back and weighing the view of economist is whether , the chairman of imagery grouphe told francine look law that a damageed brexit would the financial services industry in london. >> this has brought a significant amount of uncertainty. we don't know what the timing is . we don't know what the effect of negotiations is going to bring. we don't know what the outcome is going to be. is two years with uncertainty as to how you extract yourself from a situation. in particular, financial services is such a dominant sector, it provides a lot of uncertainty. the truth of the matter is the rest of the world wants britain to remain in the eu. : we had a report arguing that the city and financial services in the u.k. would thrive outside the eu. is there a case for that? the city ofn

on courtney donohoe. betty: thank you so much.s the start of another week and it appears central banks are the only game in town. it is that week in america. the bank of of japan is making waves as well this week. mark: last week, we spoke to him in office. he showed no interest in stimulus. seen change of corporate behavior. sustained, the global uncertainty and financial continues, that can thect the behavior of japanese corporate sector. mark: joining us now is neil jones. it's all about the timing. timeit just be a matter of before the doj has to do something extra? neil: i like the headlines today. it could be this week. the stock was back up. it's definitely in the cards. there are more measures this week. we had a little bit of a risk rally. we have higher asset rices. it's going to be down to the wire. net probablyng on not this week. it's just a matter of time. friday, itnot happen will happen a couple of months. that's going to have to unwind. neil: even if we don't get anything this week, it will be lower. the market is

in on aet's check bloomberg first news this hour with courtney donohoe. the obama administration is looking to fight the gender pay gap with information. the white house wants private companies to submit salary data to the federal government. the plan being proposed would affect all companies with 100 workers or more. for every dollar men earn in the u.s., women earn $.79. that is risen just two cents since president obama signed the fair pay act seven years ago today. michigan leaders may have not about flint's poisoned water long before the covertly acknowledged it. state workers were offered bottled water in january 2015. the contamination did not emerge until children tested positive for that in their blood nine months later. governor rick snyder is inspected assignability data with and $28 million more to help plant. -- flint. a judge in fort worth, texas will decide whether 18-year-old ethan couch should be held as a juvenile or as an adult. he was brought back to texas from mexico yesterday. kenai have violated his parole in his drunken-driving cra

courtney donohoe has more from our first word news desk. courtney? the 20y: a standoff president and congress. president obama cannot get done control measures through congress, so he may go to executive action. today he will meet with attorney general relet of -- loretta lynch. thursday he will have a town hall meeting. have takena militia over unoccupied buildings in oregon. so far, police are staying away. offices in san bernardino, california where 14 people died in the terror attack have reopened. almost 600 employees came back to their offices. well to do buildings will be open, the actual conference center where the attacks took place will be closed indefinitely. saudi arabia cut diplomatic ties with iran after protesters attack to be saudi embassy and set it on fire. they were protesting the saudi execution of a prominent shiite cleric. refugee crisis is rocking western europe's long-standing open borders policy. temporary spot checks on the border with germany from denmark. danish leaders were angered. there could be a logjam in denmark of r

now on thes check in bloomberg first word news with courtney donohoe. courtney: the leader of the now in custody. they were stopped on their way to a community meeting and shots were fired at one of the supporters were fired -- were shot. says he will skip thursday's debate in iowa. he says he has been treated unfairly by fox news, who is holding the debate. instead, he will be at a fundraiser for veterans. and with all due respect will be leading up to the iowa caucuses. herecoverage will be right on bloomberg television at 5:00 eastern. the attorney for the affluenza teenager says he is heading to the u.s. to face charges. he and his mother were detained in mexico last month. he used the affluenza defense in a drunk driving crash in 2013. the refugee flow to europe won't slow down this year. as many as one million people will seek refuge in europe this year, that is similar to last year. the fighting in syria and iraq theort -- is thought to be main cause. and thousands of holocaust survivors gather today in auschwitz. dayal news, 24 hours a powered by

betty: let's check in with courtney donohoe. courtney: good morning. the u.s.'s health agency today said there could be 4 million thes of the zika virus in u.s. today. the world health organization will meet on monday to decide if the disease causes a global emergency. in 23 been found countries. donald trump and fox news are standing their ground, which means tonight's presidential debate on fox will go on without trump. the accused fox anchor megyn kelly -- he accused fox anchor megyn kelly of bias. respect" will be live from des moines, iowa. 5:00 p.m. new york time. the spotlight on the flint water crisis shifts to lawmakers in michigan and washington today. the state legislature is expected to approve $20 million or more to address the lead contamination problem. in oregon, the jailed leader of that armed group has urged his followers to leave the federal wildlife refuge they have been occupying. the other bring leaders -- other bring leaders were arrested tuesday. only a few members of the group remain inside the refuge. 70 years agoay, -- today, the chall

courtney donohoe. courtney: let's stay with the u.s..n by congress today will finally pass a bill to repeal obamacare. the house vote on the affordable care act will mark the first on the legislation actually makes it to the white house. the senate passed the measure. president obama will veto the bill. members of the armed group occupying a wildlife refuge in oregon say they are afraid of the federal rate. -- raid. they are still working on a peaceful resolution. weapons expert are skeptical of north korea's claims they exploded a hydrogen bomb. the government run this program says the test is an act of self-defense. experts say it was likely the north koreans actually testing another atomic bomb which is much less powerful than a hydrogen bomb. british prime minister david cameron meets again with the german chancellor angela merkel. she is trying to persuade the 27 other leaders in the european union to agree to changes in britain's eu membership terms. the trickiest one maybe his pledge to restrict welfare payments to non-british eu

let's check first word news with courtney donahue -- courtney donohoe. urtney: turkey is blaming an islamic suez died -- and islamic state suicide bomber for the explosion. 10 people were killed. nine of them were german. 15 were wounded. turkey's prime minister says the bomb lost a islamic state. he promised to challenge the group, and it is no longer a threat. legislation would bar kim jong-un's regime, the hard needscy lawmakers say it to build weapons. a panel of experts say existing united nations sanctions on north korea are not being enforced. president obama delivers his final state of the union address tonight. this one will be different from others. instead of laying out a wish list of legislative proposals, the president is expected to focus on what he considers his administration's successes. you can watch his speech tonight live at 9:00 p.m. eastern right here on bloomberg television. the news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. betty: an important message in the president's address will

courtney donohoe has more. courtney: good morning.y two of the trip to europe, iran's president with pope francis. he gave the pope a hug and asked for his prayers. afterwards, the vatican says iran has an important fight to play in fighting terrorism. islamic state head of operations command [indiscernible] that is according to the european union's crime-fighting agency. the agency says islamic states want to carry out more attacks somewhat to the ones in paris that killed 130 people. in denmark, the parliament has plans to seize bibles worth more than $1500 from refugees seeking asylum. the money would be used to help pay for food and housing costs. danish citizens must sell assets worth more than $1500 before getting welfare. week prime minister alexis tsipras needs to convince the area that he is making good on his promises. is key to unlocking another $4 billion in economic aid. europe is waiting to see if he delivers on his pledges to update the labor market. dayal news 24 hours a powered by our 2400 journalists and more than 15

courtney donohoe has more from our news desk.ugees have died when two ships sank overnight. the greek coast guard is rescuing survivors and bringing them to a nearby island. smugglers have loaded ships in turkey with asylum-seekers. an american has been arrested in north korea. the virginia -- the university of virginia student is accused of plotting against the government. aim at theorm taking east coast could turn out to be one of the 10 worst ever to hit the region. expecting to feel the brunt of the blizzard. new york may get up to a foot. been canceledave in the next two days. hours per day. more than 150 news bureaus around the world. >> take a look at the japanese yen. he downplayed the recent market. with the next meeting a week or so away. here is some of his interview from dad post. true in the last year wedon't think will continue. some say it will put them out. i don't think they would be -- that would affect the inflation rate. in u.s., europe, or japan. it is 1%. and once oil prices are up.ilized, then it will go ri

let's check in first word news with courtney donohoe. courtney: good morning.e look to syria with peace talks aimed at your -- ending serious civil war resumed today in geneva, but the absence of the main opposition group's dimming hopes for progress. pentagon officials purportedly do not think that airstrikes alone can like out islamic states. the new york times says they are asking the white house to send more commandos, advisors and trainers into the fight. iran claims the drone was over a u.s. carrier in the persian gulf and took interest. they show video today of a drone hovering over what appeared to be an aircraft carrier. the u.s. is not commenting. it is the latest close encounter between them. some may beat soldiers were held earlier this month after iran said their boat drifted into their waters. -- some may be soldiers were held earlier this month after iran said the boat drifted into their waters. egypt has lost tourism after last year's bombing. 20% inds at less than cities with more than $250 million each month lost each month. britain halted fli