own let's check in on the news with courtney donohoe. courtney: let's start with the election. front runners donald trump and hillary clinton have widened their leads. 49% of the support of republican voters. cnn.s according to a clinton now leads bernie sanders. cup and clinton will get the party nominations. donald trump is claiming and earpiece for his failure to condemn a former ku klux klan leader during an interview. he said that he was being asked about david duke and various groups. he wanted to know which group. for president last week. north korea says a student has confessed to a hostile act. he appeared at a news conference. he is accused of taking down a propaganda sign. this is happening as the u.s. is pressing for more sanctions against north korea. demolition teams are tearing down a migrant camp in france. they are trying to sneak across the english channel. french authorities will locate those who are uprooted. we are powered by our 2400 analysts. i am courtney donohoe. mark: thanks a lot. coming up, amazon is stepping up its move into the u.k. grocery market.

i'm courtney donohoe. mark? courtney, thanks. coming up -- french aerospace group -- french aerospace provider safran reporting earnings and bernard delpit. that's next. ♪ and newve from london york, this is " the european close." i am mark barton. vonnie: and i'm vonnie quinn in new york. safran reported a earnings mostly line with expectations. mark? mark: let's take a look at the shares right now. they are following -- not as much as they were earlier. they when ad with what lies ahead for the -- here to share with what lies ahead for the company, bernard delpit. delpit, thanks for joining us. guest: good afternoon. mark: we mentioned the charge in est engine for corporate jets. are you sure you know how to fix it? guest: we have written off all sttangibles on the silvercre program. and having reviewed the program, we agree on what has to be done and the new schedule of this program, so we know exactly how to do it, and that is why now we are in the inff terms of intangible assets. yes, we know how to fix it. you: is there a p

courtney donohoe has more from our news desk. courtney: at least 90 were killed and another 150 injured. ice in theon took state of bavaria. it is in a remote, wooded area making rescue efforts difficult. three hours after the crash, there were still people trapped in the wreckage. nato is considering a naval mission in the mediterranean to monitor refugee traffic. the alliance's minister will discuss a proposal this week. a new were -- a new government offensive in syria has driven thousands of refugees toward turkey. a new report says that more than one million syrians are trapped in areas under siege. it is a challenge to the united nations. the yuan has issued a much lower estimates and has been accused of downplaying the crisis in syria. in taiwan, police and -- arrested the builder of a high-rise apartment complex that collapsed in the earthquake over the weekend. 38 body seven recovered from the buildings wreckage. more than 100 or missing. in hong kong, lunar new year's celebrations turned violent. police battled protester

let's check in now with the bloomberg first word news with courtney donohoe. courtney: members of the houston most of the talking on the hearing at out of control drug prices. they had hoped to hear from martin shkreli who had jacked up the cost of a life saving drugs by 5000%, but he claimed his speak.ot to shelley is facing criminal charges of securities fraud. obama is looking for $5.5 billion to fund a first jobs program aimed at the nation's youth. it is part of the budget the white house is sending to congress next week. the money would be divvied up from the states through grants. the president will propose reducing the bite of the cadillac tax on health insurance lands. unions haved complained that tax will not be imposed until the year 2020. protest against government pension reforms turned violent. demonstrators fought with police, throwing firebombs. police responded with tear gas. workers will have to pay higher taxes to prop up greece's pension system. i'm courtney donohoe. mark? much more coming up today -- we are about 20 minutes away from the eu

courtney donohoe has more from our news desk. : the french government calling for a three-month extension of the state of emergency. it has been in effect since the deadly attacks in paris in november. the rules allow french security forces to order searches and intense aspects without a judge's approval. isncellor angela merkel changing her tone on refugees as the elections approach. she is turning away from the rhetoric that critics say than one million people to arrive leslie picker cabinet approved a legislative package to restrict the flow of an explosion ripped a hole in the side of a commercial jetliner. the jet was able to make an emergency landing. there were reports that a passenger was sucked out of the plane but the airline says everyone on board with safe. so far, no evidence of a criminal act. donald trump is saying he was robbed. trump says ted cruz install the iowa republican presidential caucuses. republicane iowa presidential caucuses. cruz's went for to be nullified. a scan conducted last week showed no signs of

let's check in on the first were news with courtney donohoe at the first ward news desk. courtney: turkey is blaming a u.s. ally for a deadly bus bombing. turkish officials say to kurdish militant officials were behind the attack that killed at least 28 people. the u.s. counts one of those groups is a major ally in the fight against islamic state. prime minister of turkey says no one can be excused for having a link to a terrorist group, even the u.s. doctors without borders says it will not give the syrian government or russian allies the gps coordinates of medical facilities like the ones hit by deadly airstrikes this week. there have been repeated attacks against hospitals during the syrian civil war. one facility was hit five times on monday, killing seven people. korea is warning that north korea is planning terrorist attacks. has said to be ordered his intelligence and military units to increase terror capabilities. a government of south korea is pushing the national assembly to pass a new anti-terrorism bill. ice president joe biden is talking about what it will loo

i'm courtney donohoe. big declines in europe. one country under the radar, greece. the athens stock exchange index. greece shares falling to the lowest level since 1990. before we go, i want to show you a chart i pulled up, w es i. the best and worst performing indices in the world. look at the bottom of the chart. the worst performer this year. down by 25%, overtaking china's shanghai composite. we will tell you more about the global route next. stay with us. ♪ brendan: welcome back to bloomberg markets london and new york. this is the european close. the selloff continue. brendan: i'm brendan greeley. first, a look at some of the biggest business stories in the news right now. he'll of google is on the purge of becoming the highest executive of the public traded company. restrictedcompany stock value at $199 million. former treasury secretary timothy geithner has gotten a credit line from j.p. morgan to help with his new career in private equity. he will use the money to finance .ersonal investment in fund top private equity managers will invest millions in new fu

courtney donohoe. mark? mark: coming up on bloomberg television, the jobless rate falls to an eight year low in the u.s.. what does it mean for investors on main street? we hear from a bloomberg columnist next. mark: looking back to bloomberg markets. this is the european close. vonnie: china has surpassed canada is the biggest u.s. trading partner. the u.s. took and 15% fewer goods from canada last year while china and its exports rose more than 3%. canada is still the biggest destination for u.s. exports. meanwhile, a chinese investor group has a foothold in the highly competitive u.s. equity market. the chicago stock exchange and the shanghai stock enterprise group. we normally return -- the terms of the deal. printers are now back in the market to buy. starter homes are more expensive, but financing does not cost as much. s h a loans can cheaper. mortgage is used mostly by first time buyers, 22% of all loan originations in december up from 17% a year ago. that is your bloomberg business flash for this ho

let's check in on the bloomberg first word news with courtney donohoe. urtney: the shop like -- the spotlight shifts to new hampshire ready provincial primary will be held a week from today. bernie sanders was campaigning they're not long after the results from iowa. he lost to hillary clinton by a fraction of a percentage point. for the republicans, ted cruz one in an upset over donald trump and marco rubio had a surprisingly strong finish in third, just one point away from trump. with thes working multi agency team investigating the contamination of drinking water in flint, michigan. officials have not said whether the probe could lead to criminal or civil charges. when switched its water source in 2014 to save money. the river water was not treated properly and led to some pipes -- led from pipes leached into homes. according to a defense official the u.s. military also wants to -- $3.4 billion or european security initiatives. is makingan union more concessions to the u.k. over its membership. the eu president has proposed that there be some limits on

courtney donohoe has more from our news desk. courtney: the u.s. national institute for health and an beenn company have developing vaccines for the zika virus. still, no one is close to conducting criminal trials. of the encouraging landscape, vaccines are at least eight months away from large-scale trials. andrea: the threat by mosquitoes -- courtney: the threat by mosquitoes has led to birth defects. agreed to airdrop humanitarian aid to beseeched syrian cities. forcesrch will halt the but the coalition will still be able to attack the islamic state. uae has agreed to send soldiers to syria to locate sunni arab fighters. that is the islamic state group's capital. forces from the key persian gulf ally would train local fighters. george clooney and his wife had a private meeting with angela merkel to discuss the crisis in efforts inurope's the refugee crisis. clooneys plan to meet with refugees in berlin later today. local news 24 hours a day powered by our 2400 journalists, and more than 150 news bureaus around the world. still ahead, two german

let's check in with courtney donohoe from our news desk. than 2000 pages of information about the deadly amtrak crash last may be released today but still might explain -- might not explain why they train was going more than double the speed limit. the engineer says he does not recall what happened. voting finally takes place tonight in the race for the white house. newns will start using the president when they turn out at 1700 caucus sites. democrats are leaning toward hillary clinton and republicans toward donald trump. been reminded iowa it has a wild since they have had a winner. >> you have not had a winner in iowa in in years. you were going to have a winner this time. we are going to change that. 16, that is a lot of years. bloomberg will preview the caucuses live from des moines in a special edition of "with all due respect" starting at 5:00. the justice department will investigate the san francisco police after the shooting death of a young black man. the shooting led to protests last month. demonstrators want the police chief to

i'm courtney donohoe. up, saudi arabia and russia agreed to freeze oil output at current levels. will this impact levels? we will go to moscow next. ♪ russia: saudi arabia and say they agreed to increase oil prussian a current levels. they have agreed to go along with that deal. so far, the market not seem to be impressed. crude is backing off initial gains today, now in negative territory. big question is, what do they get on board. ,oining us now from moscow henry meyer. has been the reaction in the oil market, does that tell us everything we need to know, that the market was expecting for something more? collects a freeze as we saw supply and demand, they produce too much oil and not demanding enough. that is probably, you look at over the medium-term, it is laying the foundation for probably something bigger. beginning of the process. mark: give me the timeline of the process. open to further action. when, how soon, and what will happen when that happens? to decidew, starting when it will hold immediately. listey buy into a deal, a with iran to continue increasing the bid. --

less chicken on first word news with a courtney donohoe. : all eyes are on new hampshire. voting is underway. big breaks for the republicans in new hampshire. polls indicate trump should easily when. cruz, john, ted kasich, and jeb bush. bernie sanders's favored to win the democratic race. he leads hillary clinton by double digits. we will have a two-our new hampshire primary special on "all due respect" at 5:30 eastern. we won't know who wins until november, but the democrats are nominating the race for campaign cash of based on acres compiled .y bloomberg news hillary clinton has raised more than bernie sanders, marco rubio, and ted cruz combined. sends a $4bama trillion budget to capitol hill today filled with items the republican majority in can -- and congress will reject, like the tax on oil. president's budget may influence the race to succeed him. bernie sanders and hillary clinton may be challenged to embrace or reject mr. obama's strategies. 150 were injured and nine were killed when a train crash in southern bavaria. the accident site is in a remote area, making