you should be buying the dollar about the life of the aussie dollar, the canadian dollar. that should do well. >> is it just a risk currency call? >> it is both. hike, the is able to dollar should do well across the board. right, preventing the fed from hiking, most currencies will do badly, commodity currencies will do badly because of the risk sentiment. let's take the silly scenario. dollar strength. dollar down, oil up, stocks up? collects it is straightforward. growth reasons, as well as feedback loops and emerging-market credit. looking forward again, it is back to what you can put it. the reality is a lot of uncertainty over the dollar. stuff why mess with that when other things have a higher probability of success. >> do you see the dollar going lower or stabilizing? vassili: i think we have another side of the equation. the bank of japan continuing policy. not a lot of good news elsewhere . we may be talking slightly weaker. click that assumes they do not hike. >> do you buy the whole conversation to keep the dollar lower, relieve the pressure in the u.n., do you

king dollar. goldman sachs holds back to its gains. some investors agree on that. let us know what you think. not enough,takes is negative returns on deposits are boosting bank lending. we will discuss that. is it better to travel then arrive? what would impeachment really mean for brazil? welcome. where a half hour away from the open. let me take you to the bloomberg did let me show you where we think that open is going to be. it is a shortened week, as a result you may not see the volume you normally get. we will be opening softer did the euro stoxx down by .3%. the cac looks like it is going .6%.en softer, down by what else is on the move? king dollar. what is happening as the recent move down -- has the recent move down started to run out of steam. you -- it is up by .1% good crude, that fellow friday, it has extended into monday. we are trading on the brent contract, just north of 50. we are going to talk to a major out of nigeria. shanghai very strong. that rally continues. take a look at go

of the dollar crude.lmost a mirror image when the dollar weakens come oil prices rise, when the dollar strengthened oil prices fall. it is quite uncanny how much of an inverse proportional relationship they have. that is just one of the things going on. lower u.s. oil production and stockpiles rising at a slower pace. in the background, the missed this thought that perhaps oil producers might agree to freeze output. anna: thank you very much. manus: west london. it is friday, i'm relieved to the markets of had a fairly good rally since that dovish fed statement driving emerging markets. stocks on the brink of a bull market. nerja: here is my magical chart. emerging market index. i attracted for this year so far. that thisled is a low index hit in january. since then, it has surged almost 20%. meaning it is near a bull market. of 20tracking a chart emerging-market currencies. what you can see here is right at the very end it is above that 200 day average. this is for the first time since july 2014. last ti

dollar. manus: let us hold on. we have a lot more to get to. janet yellen speaking later today. barclays is the story on the terminal right now. stay with us. we will take you through some of those bigger subjects. this afternoon, we are watching for clues on the fed. what does janet yellen really think? tomorrow are the mortgage numbers. german inflation. inflationthe eurozone and german numbers. followed by u.s. jobless claims. that takes us into friday. don't call it a comeback. why barclays does not think the recent commodity rally is sustainable. more on that when we come back. ♪ manus: it is 6:18 a.m. in london. 1:18 p.m. lunchtime in hong kong. a rather clear day where the hang seng is trading. fairly unchanged on the day. let us see how the markets are shaping up for the rest of the day. the u.s. has dropped its privacy case against apple after successfully hacking into the iphone use by the san bernardino terrace. the justice department says it unlocked the phone with the help of an

but the momentum in the dollar, the fed do not want a stronger dollar.nd this is a critically important point, isn't it, in terms of what she is trying to do -- shifting that dial. fadart: it is not just a that is not what the stronger dollar, it is important for the emerging market universe. and the fed does not want to feel the pressure much more. monetary conditions are not just about interest rates, they're about currencies, too. as you say, they don't want the dollar to be that strong. anna: we saw quite a bit of emerging-market assets as result of what she was saying, she seemed skeptical that the uptick we saw in core inflation is going to be durable. although we have seen some investment houses, pimco and others -- manus: pimco and blackrock. anna: how concerned are you about inflation the u.s.? stewart: it is a very legitimate concern to have. it has been a concern and not a concern. during that period when it did not move at all, the fed was telling us do not worry. if we see any signs of emerging inflation, we will act. all you have had signs,

dollar. i don't think the dollar is going to collapse.hink the dollar will stop advancing and that will be good enough for a lot of commodity prices and good enough for the emerging markets to rebound. a lot of the asset markets have become massively oversold. they are undervalued. they are being down so badly that they need a relief rally thei think the dollar -- weakness in the dollar actually provides the window of opportunity. alix: can you give us a percentage? how much of a rally will he see in u.s. equities, they shanghai composite? chen: i think if you use the analogy of the 1999, reflation, that was the reflation year, brought about by the fact that the fed changing policy, we had about a 40% rally in emerging markets stocks and 20% rally in emerging-market currencies, we had a pretty good rebound in commodity prices. i think we can see that scenario being repeated this year. when it comes to the fed and asia, something i thought was really interesting was deutsche bank pointing out a chart that showed the number of times yellen

dollar.you think it will weaken, this is good for global equity markets and for commodities going forward. also good for emerging markets going forward. this could be translated in the numbers we're seeing here today. there is a number of little factors when it comes to the emerging markets to think about. brazil is the best, falling market year to date so far. this seems to be a lot of political factors around the emerging markets right now. does that cloud the water of little bit? events arepolitical always an issue. the market was so beaten up in terms of what was going on with the emerging markets. i buying am emerging-market equities when i can get emerging-market bonds? the end of the day, if you're of the view that emerging markets will do better, you can buy both asset classes. at the best returns will be equity markets going forward. guy: back again to the dollar story, thank you very much. away, 12 minutes away from european equity market open. we look at potential corporate movers.

if you were to buy a dollar you should be buying it against the aussie dollar, canadian dollar.urrencies that should do well in a risk environment coming on the back of a pretty big rally. >> is it a come on and see -- is it a commodity currency call? >> if the fed is able to hike the dollar should do well across the board. if the sentiment is week preventing the dollar -- preventing the fed from hiking, those currencies will do badly. because of the risk sentiment. >> dollar strength, let's say dollar weakness, the dollar goes down. tell me if i'm doing this right, dollar down, oil up, stocks up. is that how it works these days? that is how it is right now. >> any dollar strength is viewed negatively for growth reasons mentioned before as well as the feedback loops in emerging market credit. it is back to this, what can you predict and how much certainty do you have an outcome. i'm sure we could debate currency moves but the reality is there is uncertainty for the forward trajectory of the dollar. our argument is why mess around with that stuff when you have things that have hi

40 million dollar goal for the month. colorado's attorney general says the legislature can convert the state's hospital provider fee into an that may sound a little confusing, but it's a decision that could boost tax money available for road improvements and the state. there could be a legal fight over this decision, or democrats who favor the idea and republicans who oppose it could sit down and hammer out a compromise. apple. a federal judge in ruled that the government can't force the company to hack an iphone to investigate a drug dealer. enforcement agencies to help it break into iphones instances across the company is these cases...saying doing the federal bidding would security features millions of iphones on a call with reporters, an apple senior executive they will help the feds, but only if they make a lawful request. apple is reportedly just weeks away from releasing a new iphone and ipad. according to multiple media reports, apple will make these march 21st. 4-inch iphone s-e is faster chip than current models

dollar strengthening on the scene. dollar weakness. the dollar goes down.l me if i'm doing this right. dollar down and oil up, stocks lot moreet paid a money to do something much more complex than that. classes straightforward. you may dollar strength. as well as feedback loops and emerging-market credit. it is back to this, what can you predict and how much certainty do you having outcomes? the reality is there is a lot of uncertainty in the dollar. our argument is why mess with that stuff than focus on things with a high probability of success. fedn a scenario where the is not height for a few years, do you see it going lower or stabilizing? >> i think we have another side of the equation still. super easing monetary policy, bank of japan continuing policy. there is not a lot of good news elsewhere to start. we may be talking slightly weaker more than the weakening dollar. lisa: coming up in the next 20 minutes, bernie sanders fans are cheering his sweep over the weekend. he is still trailing hillary clinton's delegates by a wide margin. at 15 hundred dol

this is the dollar versus the euro.n interesting situation in the wake of this jobs report as people are still ruminating on it. mark: i will show you euro-dollar and plied volatility . oil is seeing its highs of the day. julie: it is a bit of a mystery as to what is going on. it is unclear if oil is leading stocks, or if the stocks are leading oil. it is higher by 1.5%. what is notable is the weekly move. it is positive. the third straight weekly gain. we have not seen a stretch like that since may. we have seen an enormous bounds since the lows of the year. in oil, the magnitude has been much more dramatic. mark: in europe, we are 30 minutes away from the end of the session. rising for the six day and seven, third week running, best stretch since october. since february 11, the stoxx 600 has jumped by 6%. -- it is the world's largest provider of high-security mobile phones and bank card chips. it posted higher than estimated four-year revenue. the security software is used by visa, mastercard, and at&t. biggest advert

more than a million dollars for

dollar. meanwhile, the u.s. dollar is climbing.or a closer look at the impact, --'s bring in the key china i want to reference europe or from this morning because maybe this is the first time that the dead does ask if ray about a stronger dollar. binky: i think the heaven worry about a stronger dollar for some time. i would argue that it is about or thee when the impact path of depreciation starts to come. data, weok at the u.s. look at what the market relative to the consensus perspective, it is early february when we see the data surprises less and less atative and we are currently around the neutral levels and the normal pattern would be that , assuming we don't get new negative shock, we should have to an half months of positive data surprises. on the capital goods side, everything that is impacted, most capital goods, retail sales, everything impacted by the dollar, there is going to be some impact, but the important thing to keep in mind is it is starting to anniversary out. it has been in a range. innie: we sought the dollar

the dollar dropped 14.8%. not so bad. fed has control over the dollar. let's wait for the next one. come on. let's see if we've got it. no. all right. so the next one, here we go. all right. so now we have qe-2-ending and now we have that rally. bernanke hints at qe2 okay at the jackson hole, and on this drop down to where qe-2-ended we've got a 10.8% decline. then we had a israeli until qe3 begins, but look what happened from qe3 to the end of qe3, you had an 8.5% rise, and granted this big run up here was part of the taper tantrum and everybody getting ahead of the fed, but if you look at the low here on the dollar, when qe3 was announced, the dollar went higher ever since it was announced so it's a false assumption to think that the federal reserve has control over the u.s. dollar and that any central bank can unlimitedly control the markets. >> but, brian, are you saying that that means that the dollar is going higher? >> yes. >> because they can't control and it's out of control? >> i think, yes. i think the dollar strength is out of the fed's control and that's -- i don't want

at $.75,e dollar weakening slightly against the u.s. dollar.ew zealand, this is the picture there. also climbing a fifth of 1% as asian equities sees its fifth week of straight gains. market we have to tell you about today is japan, where people are celebrating vernal equinox day. after the national people's congress gave priority to achieving at least 6.5% annual comments suggesting it will be a difficult balancing act for beijing. we have a look at all the challenges. haidi: it is interesting. 6.5% to 7% that growth target announced, it did clarify that policy message that there giving greater importance to growth, to meeting a certain level of growth, rather than putting through supply-side reforms, also the process of unwinding the leverage that has been steadily building up. the pboc governor spoke about how this is in the mindset of people and how they view china. let's take a listen to what he had to say. , i think the view on china's reform going forward, china's economic future, and also the renminbi exchange rate, if we can go back to

part of the fact is the dollar story -- the dollar rally may be coming to an end. the bloomberg dollar index is at an 8-month low. meanwhile, the dow jones has erased losses for the year. the head of unconstrained fixed income strategy at blackrock. good morning. the dollar rally, is it o ver? th markets are starting toe assess the impact of the fed, the fact we are seeing a slowdown in global growth overall. we're seeing more balance in the economy with the growth in credit in china. the risks, you could see some dramatic decline in the chinese -- we're starting to see a bit more stabilization. people are taking on board what the fed is saying, that it will be a slow process. guy: what does that mean for treasury holdings? marilyn: if you look at the curve at the moment there is going to be strong demand in the back end of the curve for treasuries. you can see that clearly post fed. the front end of the curve is probably underpriced. in termsh is priced in of rate hikes. the fed has changed down his forecast from four to two. a huge spread difference still. it is

manus: a dollar awakening. on asianomments way markets and commodities as the greenback gains ground. says theremier league currency remains the top priority but promise not to devalue the yuan. italian banks agreed to merge forging the third-largest lender in italy. a warm welcome to "countdown" this thursday morning. somebody flicked the switch at the fed, from the most dovish central-bank meeting of the 21st century, according to goldman sachs. the tone has changed. the rollcall of hawkish voices rolls on. bullard questions the very validity of the dot. a cacophony of voices. bullard, evans from chicago, lacquered from richard and lockhart. market is beginning to be blindsided. they are necessarily underweight. says, is a pimco currency risk. goldman sachs, good old goldman sachs, will keep the dollar bulls happy. goldman says, stop worrying. value the dollar is already in the price. let's see how the strength of the dollar is pervading across markets. you are seeing a dropout of some of the commodity plays.

. -- a weaker australian dollar.ian leaders stepping up his campaign to oust the current prime minister. we had to kuala lumpur and get the details on that after the short break. ♪ look at our top stories , shares on the up and tokyo, the seven straight day of gains , raisinghe yen expectations the fed may hike interest rates as soon as next month. the u.s. expanded faster than anticipated, chinese industrial profits snapping a losing trade. preparing new stimulus to shore up the japanese economy. the plan may include pay rises for public works projects and' shopping coupons. delay to thatce a next hike in the sales tax in may. had fudge manager daniel loeb urging the parent of 7-eleven to avoid nepotism. in seven &vestments i. speculation that the current ceo will name his son as chief executive. company's current president should be a leading candidate. trading in hong kong, easter monday, but trading in shanghai. i pretty -- a pretty thin session, but a lot of conviction coming through from japanese markets on acc

short fall to 180 million dollars. so a portion of that short fall. the change, the improvement is mostly more due to improvements in tax receipts, primarily property tax. but it's also from departmental savings in a number of departments. but human services, public health, and then city wide savings due to hiring delays. and, we would like to report the progress that we're making towards our economic stable reserves which we're projecting will be at 6.2 percent of general fund revenues at the end of the year and our target is 10 percent. so just to briefly review the revenue sources that are contributing to the fund balance, it's largely in property tax. about -- there's an offset between sales tax and property tax. so about 11 million dollars of the bad looking news in sales tax is just a shift that's going right up to the top line to the property tax line. that all has to do with the state unwinding its triple fund. so the net is zero. the property tax is due to the strength of the real estate market where we're keeping less aside for less assessme

the dollar index. dollar closed lower for the month of february, but it has made a move higher here in the last 24 hours. check out the action on euro. it's a weak euro and a strong dollar. we're back down to 1.08. it's not great for u.s. corporations. it is good for europe. and it is in anticipation of a move from ecb's mario draghi. especially after more deflationary numbers out of europe yesterday. gold, the mover of the year so far. one of the biggest gainers in terms of assets. we're actually near one-year highs on gold. back up to 1240. i think 1260 might be the 12-month high on gold. continuing to build on its gains, even though we're seeing gains in equities. >> great looking chart. one of few out there for 2016. new york fed president bill dudley is sounding cautious about raising rates in the near future. the drop in oil and other commodity prices, as well as tighter financial conditions, could lead to slow growth and weaker inflation. dudley says the balance of risks may be starting to tilt

dollar. >> it's interesting he thinks in the near term the dollar probably goes lower.mity in the u.s., and i know they were a long time coming and in europe, it really had to do with the credit events. now we've had this rise in the dollar that's hurt china. i don't understand how you get corrective on china. >> the operators were so beat ebb down in china. >> in the casino land in china, some was seen as a crackdown by big brother. neither i think were totally right. when you talk about the gold miners, what is interesting about gold here, let's talk about the micro move. gold over the last three weeks to a month has stalled between 1220 and 1250 after a major run and a lot of weakness in the dollar. that's very constructive for gold players. base metals themselves like mark are going higher and look at where the sectors are coming from. >> yeah, i mean, i look at him and say i have a renewed sort of respect for him and the way he articulated that call. he has a bearish fundamentally bearish stance on the market and he has some pockets of the economy or sectors that h

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you can see it in the euro-dollar move, the aussie-dollar move. while we fully still wouldn't write off, you know, potentially looking at june and still having some fx or market risks, it definitely down plays the risk to this over the short term. yes, we are looking at the dollar as weakening through quarter end and even the beginning part of april as well. >> next up here will be that nonfarms jobs report due on friday. a lot of people are somewhat cautious because they're waiting to see if that read will have any impact on the fed's perspecti perspective. do you they will have a lot of weight here? >> we look at it as the risk is asymmetrical. even if you get a very strong labor report, you have to go back to that speech. one of the things she emphasized was the labor market and why she continues to see slack within it. so even under a strong nfp, we think the reaction isn't going to be all that different from what we got yesterday. we're tending to look through nonfarm payrolls -- i don't want to say it's a nonevent, but it would just have les

should be able to afford *their cut of 27 million dollars. but they're also likely to *appeal the ruling. that process could take several years. 3 the u-s justice department has filed a *formal appeal... in a securty battle with apple. the filing monday was in response to a case in new york, where the feds are trying to get info from an i-phone... for a drug case. the government is also fighting apple to hack a phone that belonged to a terrorist in san bernardino. in both cases... apple is citing privacy concerns for it's users. and several other tech companies are siding with apple. apple has formally appealed the california case. the government is expected to file 3 (jen/ "verizon wireless" must now pay a one-point-three million dollar fine... after the federal communications commission said the company violated the privacy of its cell phone users. verizon also agreed to get permision from its customers before sending data about "super cookies" from its users to advertisers. the company got in trouble for putting unique tracking codes in it

and 518- thousand dollars the second year. running the streetcar is expected to cost four- point- two million dollars in its first year. city offficals say if streetcar revenue comes in below estimates.. they reserve the right to start cutting costs.. including cuts in service. i asked city manager harry black what services might be cut. well we don't know. it's not a problem right now. the system will begin operating in september and funds have been identified that we believe will be able to support the operation but again we have to wait and see how these funding sources actually materialize black says the city is funding they need. we'll all have to wait and see.meantime, four of the five streetcars the fifth and final car should arrive later this month. one company's expansion will bring hundreds of jobs to the tri-state. how you can apply. jury tampering. the accusations being leveled in a major drug case. and the mountain of cash prosecutors say was offered. more than just a school project. the fundraiser underway right

we've been dollar focused here with the dollar weakness.bloomberg " will move on to an overall view. rick reader will be on bloomberg "bloomberg ." ♪ francine: friday madness. francine lacqua in london; tom keene in new york. let's get straight to the bloomberg business flash with caroline hyde. caroline: thank you. e ofchief executiv valeant pharmaceutical says he is not going broke. he apologized for the recent turmoil and assured stakeholders they would not go bankrupt. shares plunged 51% on tuesday after they cut their forecast. in germany, two former porsche executives have clear themselves of volkswagen. porsche's former ceo and cfo went on trial in october. ubs has boosted the size of its bonus pool by 15% after having its most profitable year since 2010. it was the only major european lender to boost. the chief executive received a 28% rise to $14.8 million. francine: thank you so much. let's stick with ubs. with more on that, michael moore -- he leaves all over our financial team coverage. hans redeker is here. ubs is sayin

want to show you that dollar index. dollar lost 2.2% against other currencies just in the last 24

dollar.utely crucial. >> also, have you seen how many rigs have come offline in the u.s.? >> no, tell me the number. >> well, i don't know the number, but every single week we get more evidence on friday during the baker hughes rig count that they're shutting -- i mean, it hasn't led to a marked production decrease in the u.s., but they are taking a lot of these rigs offline. i'll find the number for you. >> they're also negative on gold. bear that in mind as well. not so correlated with the other commodities they're negative on, but they are negative on gold too. the world of central banks a lot of focus on the ecb this week. a policy decision due thursday morning followed by a marco draghi conference. vice chair stanley fischer says u.s. inflation may be starting to tick up from too-low levels. in an interview with steve liesman yesterday, the fed governor said the evidence is not so clear. >> there are a variety of reasons to think that inflation could stabilize, could move up over time if

dollar. the euro and pound are falling burst the dollar, the dollar strengthening versus the japanese yen. ofheard from james bullard the federal reserve speaking to bloomberg television and radio. once again raising the prospect of a potential rate increase sooner than some market participants had been anticipating. this adding to the commentary we've been getting recently from other fed officials to that effect. commodities and the increase in the dollar, what does this mean for stocks? we are seeing declines today, led by commodities producers. the dow falling the least of the three major averages. nonetheless, read across the board on another day being characterized by low volume. --terday was the latest lowest trading volume we've seen thus far in 2016. 24% below the 100 day average. in terms of the percentage , atrs down the most today least for the s&p 500, you've got some of the commodities producers present here. chesapeake energy and devon energy and vertex pharmaceuticals falling a

dollar. those are probably the top rings on the agenda as the biggest political event in beijing for the year gets underway. back to you for now. right, as you would expect, more on that through the show. we do want to hear from you. tweet us your thoughts at @rishaadtv, include #trendingbusiness. richest man has clinched his biggest deal yet, creating the world's largest cinema chain. amc in theontrols united states, and now and a $1.1 billion cash deal, buying arrival to create a formidable player. america's second and fourth biggest chains. regal entertainment group closed .ut with 7360 screens taken together, they will operate well over 8000 theaters across the united states. support in its privacy battle with the united states government. twitter has thrown its support behind the tech giant's privacy fight. microsoft, google, other companies supporting them. yahoo! and samsung. will backd they apple's position in a court filing. this case dems from the fbi demand that apple unlock an iph

the euro dollar. the dollar index heading for its sincet quarterly drop 2011.ields on the u.s. 10 year at the 10 year. wti at 38.17. let's go to vonnie quinn. vonnie: in washington dc, the nuclear summit gets underway. terrorism and the islamic state will be on the agenda. president obama will discuss north korea's nuclear and missile tests with japan and south korea. considering whether to deploy a missile defense system in south korea. they will talk about north korea with the chinese leader. the president will bring up human rights and china's territorial claims in the south china sea. officials at the bristol airport brussels airport are working on temporary repairs. bombs destroy the check-in area. when the airport reopens, it will be able to only handle a fraction of the normal traffic. donald trump has reversed himself after making remarks on abortion. earlier, the presidential front-runner on the republican somesaid there would be sort of punishment roman who got an abortion if the procedure was outlawed. later, trailed said the doctor and not the woman

dollar since 2014.his wonderful piece is this is a battle of the fed prognosticators. yet to bet on the dollar, not the treasury. -- you have to bet on the dollar, not the treasury. billy up a quarter of 1%. this barely up a quarter of 1%. rescind the asian equity markets a little higher this morning. we've got money going into emerging markets. fx, that is one of the stories. that's chicken on -- let's check in on what is happening with the oil price. manus: one of the biggest jumps since 2011. the aussie dollar is pumping much higher. excuse the pun. we also understand some opec members are going to get together. 10 year government bond is in there. will catch up with bnp paribas. it is a great show today. toa: 5.8% did let's go bloomberg's first word news. lowtha: the yuan fell to a versus a basket of currencies. smaller than an estimated increase. central banks fixing toward speculation that china is trying to limit gains against the dollar. 32%, compared to 1.1% in a gauge of the dollar strike. lar

this is the sterling against the dollar. this is actually a mini fit because sterling has turned up against the dollar. over the five-day, it has fallen and at least 11 billion pounds have been waged on options that -- it hasn'tif fallen far, we are at one dollar 41 for the referendum on june 23. have a look at the victim and a story in europe today -- the aalian lender agreeing to buy bank in an all stock dealer -- deal to create the third largest bank. a great chart him and normalized at 100 so it shows both shares since the height of the financial crisis have lost a big portion of their value. the othere 80% in lender down 95% since the height of the financial crisis. the next biggest decline are today across europe -- shares since 1998.owest it has lowered its sales target, saying it may face the toughest year since the financial crisis of 2008. how the mighty have fallen because shares were at a record high. since then, they have fallen by 29%. did you just say i was 20? we appreciate that. some news ihave want to add i

about 6-point-2 million dollars has been spent on cruz ads... with the most money going to georgia, tennessee and texas. rubio ads have cost 3-point-5 million dollars... concentrated in texas and virginia. donald trump's team comes in 3rd - spending just about 1-point-1 million dollars. on the democratic side... hillary clinton's team has spent 6- point-4 million dollars... spread out across all 11 states that are voting today. while bernie sanders has shelled out 5- point-2 million dollars in a sanders has outspent clinton in 4 states that he is concentrating on : colorado, minnesota, massachusetts and oklahoma. bernie sanders' colorado campaign will host a caucus watch party tonight in denver. it will be held at the bluebird theater on east colfax. doors open at nine p-m. this event is free and open to the public... but rsvps are encouraged... it is first come first serve. hillary for colorado is also hosting a watching party here in denver. it will be held at la rumba on 9th supporters are encouraged to head there once caucusing for doors ope

dollar. >>> stocks to watch today, starting with fedex. third quarter profit fell 19% due to legal cost in acquisitions, but revenue rose and results came out better than forecast. the package delivery company also raising its full-year profit outlook largely on the back of growth and e-commerce shipments. >>> citigroup raised ceo michael corbat's pay, earning roughly $16.5 million for the year. although, that's still way less than jpmorgan's ceo, jamie dimon, who saw his compensation rise 35% to $27 million. >> and he's enhanced that further with some well-timed trading. >> the dimon bottom, when he bought his own stock. >>> mckesson cutting 1600 jobs. that move coming as the u.s. drug distributor slashing costs after it lost some key customers. mckesson is offering severance and benefits for the affected workers. their health care is the worst performing sector on the s&p. health care and banks. >> and biotech within that has been a tough area. >>> some stocks to watch. a few more. toshiba

i say watch the dollar. if the greenback has truly peaked, i believe that this move could be far from over. let's go to landy in georgia. landy! >> caller: hello, jim. i bought nike at 55.50 on february 5th for my retirement account, planning to hold for maybe five to ten years. nike las a tendency to run up prior to the earnings report, that's due out on tuesday, march 22in' after the close. a small -- >> no, no, no, nike is a great every country that is. you do not tough that nike. if it goes below 59, after i watched that sara eisen, it was like saraitisen hour with nike. i wanted to buy nike. you should stay the court. >>> no longer the almighty dollar. it's the super-freaking weak dollars. keep your eye on it. i think the moment could tun. target is up. should you be investing where you shot? i'm sitting down with the bull's-eye ceo, then ventas has been under p pressure. people may be approaching this stock all wrong. >>> and few things are certain on wall street, expect expiration of taxes. don't worr

the dollar. so i think if we look to this year, the key question is where is the dollar going to go? how low can energy prices go? our view is that we've seen a lot of this pain behind us. it's probably already reflected last year. so we are feeling more optimistic about corporate profits because we see a fading of these headwinds this year. especially in the second half of this year. you're right, in order for the markets to move higher you have to see profits come back the way that we are expecting this year. >> or expectations go so low that they can only beat when the actual bottom line number comes out. thank you guys for joining us on a monday. gabriela santos and brooklyn dwyer. >>> bernie sanders says he has momentum after sweeping the democratic caucuses over the weekend. on the gop side major tensions between trump and cruz. let's get to john harwood. bernie-mentum, is that a thing? >> a little bit. bernie sanders has always done well in smaller states, whither states, caucus states. lo

dollar thanks to that falling dollar. concerns about the global economy and u.s. recession, that's kind of also gone to the back burner. we'll see if we can keep checking these boxes as we look at the stock market. there's the chinese currency. high point of 2016. that helped asian markets overnight, except for that japanese yen starting to strengthen. really took its toll on japanese exporters with the nikkei falling overnight. japanese government bonds, a story in themselves. rallying with the ten-year and 20-year yields hitting record lows. today mark theed the first time since 1980 that the ten-year fell below the bank of japan policy rate. >> fascinating if we look at the rest of asia as well. china's home prices rose at the fastest pace in two years. that's also fueling bubble concerns. the yuan firming against the dollar, as we've already said, hitting a 2016 high. let's also have a look at the broader market performance. the nikkei the exception. that's because of the yen, of course, whereas the weaker dollar has helped the rest of the markets around the w

the dollar got weaker.here are always more variables out there when oil gets slam, again, though, i've said over and over again, that you have to use -- that kind of marketwide weakness to guy the to be stock it's been a winning strategy longer term, but the main point in today's lesson, the bottom line -- stop being a herd animal. don't chase. you'll likely lose money, especially when you're chasing stocks for the wrong reason. got it? good. a's for all of you just for watching. >>> tom in illinois, tom. >> caller: hey, jim, thanks for taking my call. >> my pleasure. >> caller: i have a question on pfizer. what effect will the merger with all elergan on people who hold now. >> i think eel make money. i think the deal will go through. there's a lot of political talk about how nobody likes inversions, but this deal is going to close before that. i continue to own allergan, owned that for a long time, pfizer is good, too. i think it's terrific. let's go to procash in california. >> caller: hi, jim, thanks for

you think the dollar rally is over? rip, dollar rally is the story this morning.do. is that people are concerned about? guest: i would agree with you. when we looked at the price-earnings ratio, anybody can calculate an average. when you look at the price-earnings ratio, people were concerned it was high, it does not necessarily revert to the past. a truly globalized economy. inflation does not revert to mean, either. at the graph,k inflation has downshifted. again, that is a shock for the american psyche. i remember with jimmy carter, commodities in the u.s. in terms of going to the store, buying the groceries, have been in deflation the last two years. is creeping.ion i wouldn't use the word resurgent. it is creeping higher. we will talk more about oil later. but it is getting better. guest: that is what the fed wanted. they said, we don't want to deal with deflation. that is what you are seeing here. manus: is this the peak of what we are going to get? guest: i know. -- guest: no. even if some of the dots do not quite make it. thank you very much. manus: up nex

providing that it is a pretty significant step now at 7 dollar >> you 14 dollars a hour and in the community side it is 10 dollar a hour you can get credit for your work? >> 15 for dpw work. >> 15 dpw and 10 outside. why is there a difference between dwp? >> i this can this is rez new the city is and [inaudible] that was a policy decision- >> also preference people to work for the city. >> sorry >> that also creates incentive for people to choose to pay thauf fine to dpw versus community organization >> yes. currentsly one of the things also that the change is right now at 7 dollars for community service for non profits and 1.5 which is 11 dollars for dpw monday-friday and double time so 14 dollars on the weekends. we propose to eliminate the difference because people-int provides more benefits for peept that work monday through fridough so a equal opportunity for everyone. >> wednesday may be someones friday. >> sure. >> okay. and then our fees that you have to pay to perform project 20 work, that is a flat fee? is that always a flat fee or being proposed as well? i'm confused what is the c

times is the dollar going to appear?how many times is the dollar going to appear? nejra: the fact that we are seeing the bets on the dollar versus the yen strength here it it has jumped to 70%, the highest level in two months. he is the chart that shows you why the dollar is coming down. look at what is rising, u.s. treasury two-year yields. do you follow the yields? manus: follow the yields. anna: 70% chance of a rate hike by the end of the year. -- 78 percent chance of a rate hike by the end of the year. the chart that nara was showing. putin takes the world by surprise. we will break down what a russian pullout could mean for serious peace talks -- for syria's peace talks. coming up. ♪ manus: emperor's palace in emperor's palace in the background. 6:30 london, 7:30 in brussels. let's get you the bloomberg first world news. -- first word news. >> the bank of japan is bolstering its record monetary stimulus as policymakers gauge the impact of a negative interest rate strategy, adopted in january. the bank kept the targe

the plan will cost 4 point seven million dollars including the million dollars from commissioners. ohio is launching a new advertising campaign to attract visitors to the state's tourist destinations. destinations.the campaign began today with a 30 second t-v spot featuring the new "ohio. find it here" brand.the ad will air on t-v's across the state and also in detroit and pittsburgh.most of ohio's 200 million visits come from travelers who already live in the state.according to the ohio tourism director -- the campaign is expected to cost six million dollars. coming up next on nine on your shooting.we'll show you the tense moments leading up to when bullets began flying. and two kids are recovering after the ground beneath their feet suddenly opened up.see how rescuers were able to get them out of the 30-foot hole. i'm john matarese. a big announcement from apple today ....as they try to get you to upgrade with a new cheaper phone.how much cheaper? that story coming up on 9 on your side. "the only helicopter bringing you breaking news in the tri-state.chopper 9 taking a live look

taxpayer dollars handed out in those who received them made payments. a fox19 wanna play hooky from work? we found online "get out of jail free" cards. armed with emojis?!? why a young girl's under investigation for the cartoon messages. breaking now breaking news now... on super tuesday... the biggest day so far on the primary calendar and donald trump appear to be tightening their democratic and republican presidential nominations. just about all the closed. ryan nobles joins us now live from the nation's capital... ryan, what do we know at this hour? while donald now, we're up to seven-thousand homes and businesses are without power. we're told it's been knocked out by wind... as you can see in these live pictures.. springdale and forest park are the hardest hit. the outages are spread across hamilton, butler and clermont counties. we're checking with duke right now to see if we can get expected times for power to be restored. right now right now - after one year in space... nasa astronaut scott kelly is on his way home. this is video as kelly prepar

dollar debt.hat means the raising of the interest rates would have destabilized a large part of the world. that would have gone back into the u.s. and we would have had again, consequences and terms of the exchange rate on the back of the interest rate cycle. i think the fed has rightly acknowledged the expansion of risk. can get very multiply. it eventually comes back to the u.s. in times of lower commodity prices. companies are trying to avoid default by trying to export more at lower prices. i think it is all tied in. this gives us a chance to recover and to stabilize and the recoveryecoverin down the line. guy: ashok, is going to stay with us. up next, what do you think was the fed's decision -- the dollar or treasuries? that is next on "on the move." ♪ guy: it is all about the fed. you could make money betting on the fed this week. let's get more now with nejra cehic. what have we got? nejra: it is this chart we have tracking the bloomberg dollar index. what is really interesting to look at i

getting a boost from the dollar, the weakening dollar. the bloomberg dollar index versus a basket of commodities. it is trading at a four-month point 33% today. -- .33% today. romney says he would support an effort to deny donald trump the republican presidential nomination at the party's convention in july if trump doesn't have enough delegates to win outright. romney spoke with mark halperin. mark: you said you wouldn't vote for donald trump or hillary clinton. even a lot of your own political allies and advisers would say that's the most likely outcome is donald trump and hillary clinton as the nominees. what will you do when a general election? i would vote for a conservative on the ballot and if there weren't one i was comfortable with, i would write in the name. entire interview can be seen on with all due respect at 5:00 p.m. new york time. trump was scheduled to speak at the maryland event tomorrow but see pack says he pulled out at the last minute. the organization said his decision sends a clear message to conservatives. trump's

accused thousands of dollars! find out how they are accused of ripping people off-- in a "money plus-- one florida county is now seeing pythons. why researchers say the snakes are breeding faster welcome back-- lu and i had the honor of throwing the first pitch at yesterday's braves spring training game. time to take a look at the stories making headlines around florida. closing arguments begin today.... in the "hulk hogan versus gawker" trial. hogan is suing for 100-million dollars in damages... ...because the website posted a video of him having sex with his best friend's wife. both hogan --and the woman-- say they did not know they were being filmed. jurors must decide where hulk hogan's wrestling persona ends-- and his private life begins. in manatee county-- two women are accused of scamming people out of thousands of dollars... while :"blessing their money". deputies say "rosalita santos" and "alejandra solis" advertised and palm readers.. who claimed they could "cleanse" in some cases, deputies say the pair

the aussie dollar is interesting.is poised to have its best month in five years, but blackrock is among one that is not as bullish or convinced about the turnaround in the economy. they believe that the aussie dollar could fall to as much as 65 u.s. cents by this year. china cutting the hang seng by the most in three months today. when it comes to the dollar, it is weakening against its major peers. that 111ck, -- along level, falling below that on friday. getting to up to speed with what you need to know. the company is in a stronger position to take over the retailer after the south african couple he dropped out of the race. the u.k. supermarket has offered about 1.3 billion pounds in cash and stock for the argyle retail chain. charles, good to see you this morning. fill us in on what we might have missed if we went home at the end of trading friday. >> i think there was a bit of a deadline so sainsbury had to put up or shut up. they repeated the indicative offer and made it a firm offer. there is a degree to which

the strong dollar can soar.

the strong dollar can soar. procter put on a tutorial on how little it makes so much of the merchandise over seas. you felt bad for them. pepsico is jumping the gun because people started to figure out the bounty it can take in if the dollar has peaked could be a massive switch. not going to wait for the conference call. they are betting out of it. you want amazing? here's two. these two are so good here. estee lauder and j & j. they sell more than half hair goods in other countries. i can only imagine how much they will raise guidance for 2016 now that the dollar has peaked. higher prices and don't forget mcdonald's. i don't care if chipotle goes into. i don't care shake shack got upgraded. we know ceo steve easterbrook sent the stock rising higher. you ain't seen nothing yet. at the same time the dollar is declining the price of beef is going down. listen to sonic ice quarter. a lot of ways to win. few companies do as well as industrials. general electric started buying from the international trust. ge has bee