i am jonathan ferro from london. alongside michael mckee in new york. are in for tom keene and francine lacqua. michael: risks are back off as china falls. we're back where we were a week ago. on ahan: all time lows two-year and five-year yield. let's go to vonnie quinn. vonnie: in china, the south market -- stocks fell to their lowest level in 13 months. the shanghai composite index down 6% at the close, falling 47% since last june. outflows will speed up. it may be a while before things are normal on that is to coast. 48-hours after the blizzard travel is a mess. 25 hundred flights were canceled or delays. in washington, federal

meteorologist phil ferro joining s us with what we can expect. phil. >> lynn: and a wiewt wiewt sunset here across south florida. it will be a beautiful after floon or at least what is left dry, mild. cooler temperatures on the way. as a matter of fact it will be a very cold saturday morning. lows in the low 50s. could squeak out an upper 40 in the western suburbs and by sunday it's 58 done. we're back up to 80 degrees for a a high. storm streark showing that everything is dry. palm beach. broward. miami-dade and the keys. and it should remain this way at least until maybe late sunday in the day. we may get a few showers moving in ahead of yet another front. here's the front that mofdz over us yesterday. today drier. a little cooler. highs only made it up into the 50e6789s over the weekend high pressure starts to move in. that's where a cold start on saturday. we start twiewrm especially for sunday. then we turn our attention to that front which could be our next rain maker. >> you're average low for this timef year 61 degrees. we're waking up in

. >> belkys: phil ferro is in the weather center with this. >> phil: we may see a few showers coming into the forecast by the end of the weekend. the weekend and tonight, however, all across, south florida, with the possibility of some inland, fog, that could stick around, through the morning drive. the entire forecast, in just a >> now seven weather with chief meteorologist phil ferro. >> phil: and it was a gray start to the day here across south florida, everybody was getting a litt bit of rain fall and the morning lows were in the 60s and the afternoon highs kept in check by the cloud cover, only in the low to mid 70s. rightnow, 60s everywhere, 67 in miami, and 65, fort lauderdale and the key west, the temperature of 69 degrees and the pressure is steady, the wind going to light, and now if it goes, completely calm and the humidity reaches 100 percent, that is part of the recipe for some fog and we could see some of that developing over night in the inlands and the suburbs here and it could stick around are a few showers, hugging the coast, one or two, could make the way across th

jon ferro, this is a change.s&p 500 futures and crude, nothing lost there yet, but that correlation is getting much tired -- much higher. this is "bloomberg surveillance ." "bloomberg " is up next. ♪ stephanie: a snapshot of the global economy. we get earnings from johnson & johnson, procter & gamble. we are seeing a freefall in china. the index falls more than 6%. investors are beginning to worry the capital outflows may make things even worse. , after theinflux question which energy companies can end up in bankruptcy in 2016. ♪ stephanie: welcome. it's tuesday morning. we are here in new york city, you are watching "bloomberg go." i'm stephanie ruhle. david: i'm david westin. now oil is a little bit. stephanie: in the game of oil production, supply demand, kabuki theater, we continue to see producing nations really start to play a game with us. as soon as we get a signal the production could get halted, whether we're talkingn,

. >> now 7 weather with chief meteorologist phil ferro. >> phi all right. so we've seen a line of thunderstorms move across south florida today. most of that heavy rain has pushed off shore. still mostly cloudy skies ch temperatures are in the 70s ch the wind out of south southwest. 12 to 28 miles per hour. the humidity 94%. here's the storm tracker. the first batch of rain is now moving offshore. impacting bimini. heading out to grand a ba ma island. the next line is starting to push in across naples. if everything stays as is, it doesn't speed up or slow downey. we should see that line of thunderstorms making their way across our area. maybe around 9:00 p.m. tonight. so we're still lookingng at one more round of rain before we cool off. rainfall total today. check out fort lauderdale.e. that say record for you for this date. meanwhile miami-dade, also a record in miami over annch and and throughout the keys. we also had rainfall. half an inch in key largo. key west just under a quarter inch of rain. now, because we've seen so much heavy rain, there's stil

let's go now to our chief meteorologist phil ferro who is live in the weather center with what could be a repeat tomorrow. phil. >> yes, indeed. here are the headlines. we already know that we had one tornado touch down in broward county. we could be in for a stormy night at least all the ingredients are there present for some more rainfall and that rainfall could stick around through tomorrow and there's a possibility once again that we could see another twister during the day tomorrow. here is the storm tracker. plenty of rain moving in from the gulf of mexico through southwest florida. lake okeechobee. and in through the east coast. today however, the focus of all across broward county. lately we've seen a band of showers and strong thunderstorms moving in croos the upper keys. florida bay. this will be impacting homestead and n- about the next 30 minute. but broward, you're still looking at heavy rainfall. basically fm i-595 northward. we do have strong thunderstorms that are rumbling across hallandale beach. hollywood, dania, east of i-95. downtown fort lauderdale with rain and

congratulations. >>> now 7 weather with chief meteorologist phil ferro. >> phil: all right. let's take a look at the nation here coast to coast. we still have plenty of cloudiness across the florida straights. there is rain and snow and ice making it's way to the mid atlantic states. but the area we are watching is this developing low right there. the tail end of that could impact us here by friday. and bring us colder air for sunday and mony mornings. right now it is pretty chilly across the upper midwest. 21 in minneapolis. icago 22. 20s, 30s and 40s up and down the east coast. we're looking nice here with way temperature of 69 degrees. so as thiarea of low pressure makes it's way across the mid over the next couple of days, it will be a big rain and ice maker. especially for the southeast. then ice will start to move in. over kentutky. tennessee and the carolinas. it's going to be treacherous driving here over the next 48 hours. but that not all. as the air gets colder, with all that moisture heading north. baltimore. washington dc. could get as much as two feast snow and

. >> danielle: and phil ferro live in the weather center with details on what that change it. phil. >> phi good afternoon every with one well. have plenty of rain today. record rain in broward fort lauderdale. see ankle inch and three quarte. the old record is just over 1 inch of rain and as the rain moves outs tonight now, now our next day in store will be a very strong wind pattern moving across s. a ni where between 20 and 30 miles per hour winds sustained. strong efer gusts and then by sunday morning. temperatures could drop into the 40s for broward and miami-dade counties. it continues across broward especially right up and down the coast from deerfield beach through corral spring and the western siechtd weston getting moderate to heavy rainfall. miami-dade is looking pretty good s far but still a another line of showers developing right croots 40-mile bend and throughout the keys. i think it may be until 8:00 p.m. that this will clear out and then the winds will start to pick up across south florida. this is all part of an area of low pressure that extends all the way in

here is jonathan ferro. have great to have you.om cole and they say i'm not allowed to be on the set as jonathan ferro at the same time. david: the insurance companies worried that something might happen with you two together. tom will give us thenie: morning must-read, but vonnie quinn with the first word news. vonnie: the flooding in missouri may take months to the waters are receding after floods cause 10 inches of rain over christmas morning. 25 people were killed. the government offices in san bernardino, california where for two people died in the terror attack will reopen today. almost 600 employees will return to their offices at the inland regional center while the two main buildings will be open, the actual conference center will remain closed indefinitely. donald trump's first tv ad of the presence of campaign will air in iowa and new hampshire. the ad focuses on terrorism and border security. says he vows to spend $2 million a week. than 100 journalists and 50 news bureaus around the world, i'm vonnie quinn. must-read t

jonathan ferro with the south african reserve bank governor. was saying, what he it is such a tough job was so much uncertainty. as we were watching this interview with jonathan ferro, we were watching where the rant was trading. in the last few moments, it actually strengthened during his comments. earlier in the trading session, the rand was continuing that trend of weakening against the dollar. we have plenty more from d avos ahead, including one of the most powerful women on wall street could we will hear from the ceo jpmorgan's asset management division. we will be speaking with the biggest names tomorrow influencing our global markets, including john rice, walgreens booth alliance ceo, the reserve bank of india government, and peterson institute president adam pozen. ceo and citigroup ceo, morgan stanley ceo and chairman james gorman, and coca-cola ceo chairman on thursday. i lock on the -- a lot on the docket. we are hitting new lows. they're coming off slightly, but we hit a new low. the dow down 347.50 the oil prices also hitting some

(ruby ferro/ ramkisson's neighbor) sometimes you are a beautiful person but one day you have a bad day. ramkisson's neighbor had good things to say but when we knocked on her door. (victor oquendo/ reporter) did you want to say anything on her behalf? nats - no, i don't want to say anything on her behalf, i want you to go. nats - that's destruction of property, you're crazy! here's how the ugly outburst ended: nats - i guess that's it. i guess i'll see you at the crime scene. good night! ((kirsten joyce)) according to the miami herald... a miami police spokeswoman says but did not write up an incident report. ((brian loftus)) the newspaper also reports that police put her in a police car... and then said she would lose her medical license if she was wake up in your first home. wake up in a home you've made a bit bigger. wake up in a home with a new address. wake up in a home that doesn't even have an address. as your life evolves, your dream home evolves too, and protecting it takes committed support. see how you can save with ring video doorbell at amfam.com/ring with kirsten joyce, s

ariana monica martin, >> now, seven weather with chief meteorologist phil ferro. >> phil: cool and cloudy day across south florida. we had the morning lows in the upper 50s to the mid 60s and the afternoon highs the low 70s, it is still mild out there and the temperatures are in the 60s all across south florida, the wind out of the north anywhere between, 6 and 7 miles per hour. there is some rain, just south west of florida. and that will start to move in over night, and during the day tomorrow. all due to an area of low pressure that is developing in the gulf of mexico. dry tonight, but that will move away by tomorrow, areas of rain, across south florida. and then by friday, still a chance of rain here, over our area. meanwhile, here is the latest on the subtropical storm alex 60 mile per hour winds and by the way what is a subtropical system? well a regular tropical storm has a warm center, this has a cold core. basically getting all of its energy from thunderstorm now, this is a record for the earliest activity in the atlantic? well if we talk about subtropical systems, it is a record

jonathan ferro joins us from london.ne of our favorite contributors, wall street author bill cohan. happy new year. >> great to see you. stephanie: we are going to get some news. isnie: president obama taking steps to make it tougher for criminals and the mentally ill to buy guns. the administration will require background checks from guns purchased from dealers even if they are bought online or at gun shows. dealers whomall currently aren't required to submit names for background checks. the president is using an executive order to bypass congress. federal authorities are keeping their distance from a group of domestic terrorists who took a wildlife refuge in oregon. says it is working to bring about a peaceful resolution. bernie sanders turns up the heat on wall street today. in a speech in new york, he will promise that in his first year in office, he will break up the banks that are considered too big to fail. quinn.nie matt: take a look at futures. we are down across the board. .6% down in futures this morning. take

i'm jonathan ferro. moments away from the european trading session.oil the potential for more ecb stimulus sparks a surge. the billionaire investor tells bloomberg a hard landing is practically unavoidable for china. goldman sachs and templeton disagree. life from davos, we have a lineup, including the u.k. chancellor george osborne. withn exclusive interview the new argentinian president macquarie. right. japan had a cracking session overnight, up 5%. how is your going to open? let's find out with caroline hyde. caroline: we had it wanted to 60 billion euros to the stoxx 600 yesterday. he managed to talk up the market. seeing stimulus to come in march. jpmorgan and rbs saying there ringing all of their expectations as soon as march. you start to see the worrying of the equity markets after such sensational falls. we can start to eat back. 2%. up 2% -- cac up only one falling in

i am guy johnson alongside jonathan ferro. jonathan: central banks for statement of 2016, setting the tone for the path ahead. . the biggest company forecasts 2003 --est drop since guy: what do you need to know this morning? there is caroline hyde with the first word. caroline: good morning. chinese shares have slipped after slumping industrial profits, increased concern that the economic slowdown is deepening. they have put the regional benchmark. -- taking how protection in case rates go negative. -- waning inflation expectations of sliding oil prices, putting pressure. sees chinamits he andcially in hong kong, china they no longer offset the slowdown in the global smartphone market. global news, tway four hours a day, powered by 2400 journalists and 150 news bureaus. guy? guy: thank you. we are half an hour away from the equity market open. let me show you where we think we will go. remarkably calm, considering where we have been as of late. ftse opening flat. an ok half point lower, session yesterday. i want to show you wh

. >> clay ferro row is right here with sports we are keeping an eye on the heat, they are just botching around. >> yeah, equally miraculous, joe now an offensive line coach. >> i was going to say as you pointed out, what was the biggest problemmen offensive line. >> what is he going to do, coming up next, we will tell you what is ailing dwayne wade, and you mentioned joe he does have a new job, an offensive line coach, but it isn't where people thought he would be going, we will tell you, next. lucky money numbers, good luck. statement now for your mercedes-benz sports report, if they didn't have bad luck they would have no luck at all these days. dwayne wade having to sit out tonight's game in denver because of injuries to both shoulders and by the way, the bird man was also sent home with a knee injury. with all that and just ten on in denver, dwayne wade said earlier today this is one of the toughest challenges they have been through as a team, early on hassan whiteside getting it to go, miami up one at that point. but here comes miami. on the alley-oop, one handed a triple double. 1

. >> now seven weather, with chief meteorologist phil ferro. >> phil: what a nasty day of weather, especially for you in broward county, dealing with a tornado. and this is how the day shaped up and the morning lows in thehe 70s and the afternoon highs to the 70s and 80s and the tce of rain in key west and miami, and fort lauderdale at the air fort justnder a quarter of an inch of rain but many areas across northern broward county getting anywhere from two to five incncs of rain for a while there, north east in broward, was under a flood advisory, and that has long been cancelled. take a look at the tememratures the upper 60s except in k k west and the temperature is 72 degrees and i think that because the skies will remain mostly cloudy tonight we are not going to see much fluctuation in those temperatures, the humidity up there up at 97 percent. and this is the storm tracker and it shows us where it is raining, we are still looking on a lot of moisture in the gulf of mexico. and throughout the florida, states and all ofhat is aiming for, the keys, and you will be seeing some on and off show

jonathan ferro is here.ameron is in germany today saying he will need -- meet with angela merkel. we're talking brexit. he told lawmakers that the government ministers will be allowed to decide which way the campaign in the uk's referendum on staying in the union. that at theion is conclusion of the renegotiation, the government should reach a clear recommendation. in the referendum will be held. it was in the nature of a referendum that it is the people, not the politicians, who decide. as i indicated before christmas, there will be a clear government position but it'll be open to individual ministers to take a different personal position while remaining part of the government. stephanie: what does the market think? we know jpmorgan is already set if this happens, you will see depart, andobs companies was it thanks but no thanks. what does it mean to you? jonathan: it is a doomsday scenario. referendum,ttish that was a big problem. if you wanted them to leave, it was ok. the state could always leverage the

jon: i am jonathan ferro. stephanie ruhle will be returning. , rolling overzing it seems into the open. s&p futures just up nine points this morning. inopean equities now negative territory after being in positive territory throughout the morning. to break this down through the next 60 minutes, michael holland, of holland and company, will be what's -- will be with us through the program. vonnie quinn has first word news. the government of china controversial circuit breaker that adjust to the market yesterday. state-controlled funds were set to buy stocks. news that we are anotherg this morning, sign of rising tension after north korea's latest nuclear weapons test. south korea has reinforced its defenses along the heavily fortified border. it strengthened positions near loudspeakers broadcasting anti-north korean propaganda, and also south korean pop music. president obama has been rebuffed by congress on gun trying tod is now convince a public that is skeptical and ambivalent. it knowledge in a town hall me

. >> now, 7 weather with chief meteorologist phil ferro. >> phil: and good afternoon every one. we are following cloud cover a s cross the gulf of mexico. low pressure could be developing there. they are bringina with it a better of rain starting tomorrow and stick around through friday. meanwhile cold air that is starting to move in across the north east. temperatures there right now are in the teens across chick schik. still in the 20s across new york but this cold air in canada will sink through over theext 12 hours looking very cold for. they 70 defor us. in the tropic. we are following a subtropical storm named alex. now, a subtropical system in center like a normal tropical storm, this one has a cold center. otherwise they look alike and act alike f. it hangs around over next few days. it could be getting very close to the azores. slight chance for rip currents tonight. biscayne bay with a light chop. small craft advisory for nut florida keys. coastal waters choppy. next high tide will be at 11:21. 12:18 inhe lower keys. you're water temperature. 72 degrees. so for tonight

i am jonathan ferro.e moments away from the start of european trading at guy johnson has your morning brief. china intervention. state-controlled fun said to be buying stocks after yesterday's $590 billion market route. the market in shanghai finishing softer. vw sued. scandal hit carmaker faces billions of dollars of penalties from the u.s. justice department. the eurozone inflation data due out this morning set to show just how far the ecb is from meeting its inflation mandate. jon: ahead of the open, futures open and germany and frankfurt, dax futures up. a big selloff yesterday. this is the calm after the market storm but let's cross over to caroline hyde for your market open all stop >> you said it. $590 billion wiped off a chinese stocks yesterday. that is equivalent to the entire annual gdp. it's bigger than that. lostrday the stock 600 about a quarter of a trillion euros for market for you patience. ftse 100 up by about 4.7%. a slight bounce back. that really wasn't the case and you're looking at

dollar and doesn't plan on leaving 'til he is nay boxox >> now, 7 weather with chief meteorologist phil ferro. >> phil: all right. good afternoon every one. we are look at a front that has moved across the area sitting across the florida straights. it will usher in moore more cool air tonight. take a look at the cloud cover moving in a crot upper midwest and great lakes. there is snow associated with that a a behind that plenty of cold temperatures. right now the by the early cold temperature are still in canada. minneapolis at this hour. five degrees. 18 in chicago. 34 in new york city. thal will continue to head towards the mid atlantic states. we're sitting nice here with 70 degrees. now there, are some pockets of snow across minneapolis and heading into wisconsin, chicago. and even i i through the northeast and because of this there, are plenty of advisories getting way up here in maine. winter storm warning. look at thal here through the ohio river valley. winter weather advisory. that means cold air. a lot of strong gusty winds. speaking of gusty winds. even the lake are under a gail ga

. >> clay ferro row is right here with sports we are keeping an eye on the heat, they are just botching around. >> yeah, equally miraculous, joe now an offensive line coach. >> i was going to say as you pointed out, what was the biggest problemmen offensive line. >> what is he going to do, coming up next, we will tell you what is ailing dwayne wade, and you mentioned joe he does havee a new job, an offensive line coach, but it isn't where people thought he would be going, we will tell you, next. lucky money numbers, good luck. increase speed, full throttle! (over intercom) ann, are you coming in? negative! stay on target. what are you guys doing? artoo, thrusters! they're closing in! i'll guard the base. for every family that lives star wars... ...this is the place where star wars lives. where a galaxy far, far away... ...is closer than ever before. come join us...as star wars awakens. now at walt disney world resort. experience the fun of all four theme parks statement now for yourmercedes-benz sports report, if they didn't have bad luck they would have no luck at all these days. dwayn

. >> now 7 weather with crsm crsm phil ferro. >> phil: all right. good afternoon every one. nights day here croos s. as we take a look at the big view, check out this line of clouds right there. that is a front. it will probably start to bring us rain as early as the over night hours. it looks like tomorrow will be soggy. and that rain could stick around through thursday. and then after, that some cooler out here another winter storm starting to move in a across the pacific northwest. so the temperatures right now are in the 20s here between minneapolis and chicago. and in the 40s,. 50s and 60s up and down the east coast. we're looking going way temperature here of 76 degrees. on thehe radar we're detecting showers and thunderstorms starting to brew head of that front. little by little this will be moving in our directions so there is a chance that question could see showers t ts evening but the better chance will come after midnight. temperatures in broward county in the mid to upper 70s. 77 in fort lauderdale. miami-dade from the beaches all the way through doral and west

i'll have your weekend forecast >>> >>> >> now 7 weather with chief memeorologist phil ferro. >> phil: a front moved through south florida already this afternoon bringing with it some very strong thunderstorms and gusty winds. morning lows in the upper 60s to the low 70s. all the cloudiness keeping the it temperatures in check. key west getting better than a third of an inch of rain today. fort lauderdale under 1 inch and take a look at miami. that r, that mean a record. the old mark was just under an inch and a quarter setback in 1944. right mow partly to mostly cloudy skies. temperatures in the 60s every the wind out of the south southwest at seven. 13 at the beach. it's going sto still be windy especially for you boaters offshore. hopefully during the night, the nd speeds will start dom down ch the humidity at 90%. there is that line of strong shers and thunderstorm. it has finally moved away from miami-dade and broward counties. basicallily just the upper keys with a little bit of shower activity. bimini getting hit hard. now moving in through grand bahama island there. was a torn

. >> now 7 weather with chief meteorologist phil ferro o. >> phil: so let's check out the nation. here's the big view coast to coast. we have plenty of cloudiness across south florida. you can almost split the nation in half. clear to the south. cloudiness to the north and also very cold, a bitterly cold air mass starting to move in across the upper midwest in the single digits across mine moon and chicago in the 40s and 50s. up and down the east coast. big spin here. everything in white. what is know. and there are plenty of advisories. anywhere between a wind chill add vie orry all these counties and way up here in maine, we're looking agent a winter storm advise are rivment and here in florida, cold air is also moving in. central and northern florida all the the areas here highlighted are under a freeze warning until 9:00 on wednesday. our forecast is calling for rip current at beach. biscayne bay with a moderate chop. for you throughout the florida ceerkz conditions will start to deteriorate tonight. you're looking at an adviser richt winds bidding to 20 knots. seas beyond the

. >> now, 7 weather with chief meteorologist phil ferro. >> phil: and coast to coast we go this afternoon. first thing you'll notice is a o line of clouds across south florida. a lot of moisture from the gulf of mexico moving in. clear skies over the heartland and more cloudiness across the upper mid with west. and a brand new winter storm moving in across the pacific northwest. temperates, well, they are not too bad but chilly a s cross minneapolis. 25 degrees. 30s in new york. 5050around washington and atlanta. we're looking good here in miami. same in san antonio with a temperature of 71. a lot of moisture in the gulf of mexico moving our way. we've seen light to moderate rainfall all day long here across south florida. in the atmosphere for strong tht thunderstorms to develop tomorrow. anywhere from orlando in through key west there. say rginal chance once again for some strong thunderstorm activity. slight chance for thunderstorms towards northehe florida. and in the the tropics, we do have some activity. we have hurricane alex, 85 miles per hour winds tsm is aiming for the azores. t

chief meteorologist phil ferro live in the weather center when a warm up is onthe way. phil. >> phil: all vievment here are the headlines. we're looking at at least one more cold night here across south florida. temperatures dropping right around the low to mid 50s. tomorrow we're still looking at a cool day under partly cloudy skies. temperatures could reach the low 70but then another front will move in by the end of the week. more rain and then the weekend could be cool once again. here's the storm tracker dry now across broward, miami-dade and the keys tand should remain this way tonight throughout the day tomorrow here's how we woke up this morning. temperatures in the mid 50s across broward. more of the same across miami-dade. and keyest you're morning loag was 59 degrees so. here's the line of cloud cover that will percist tonight and tomorrow. but then we're looking that the line of cloudiness. that is the next nevment front. of the week. so here are the temperatures for the next seven days. average low 60. average high 76. tomorrow waking up to the low 50s. five

helping us with the red is jonathan ferro. closing out a wild week of trading, and it is not just an exclusive with howard davies. it is a howard exclusive day. ,oward marks, oaktree capital the cochairman, cofounder with us. welcome. howard: thank you, stephanie. jon: another big morning for markets. crude with a 20 handle. 29:66 -- 29.56 on my screen, down 5% on today's session. the headline in the equity market, the shanghai down 20% off december highs. dell futures down over 200 around 30p 500's down points. stephanie: all of yesterday's gains erased, vanished. jon: vonnie quinn has first word news. vonnie: an order is expected today from the obama administration that would start new coal leases on federal lands. about 40% of the coal produced in the u.s. comes from federal lands. japan, a tour bus flipped over on a mountain road in the middle of the night, and at least four people were killed. many victims were in their 20's and there was no know or ice on the road here it police in indonesia have arrested three men suspe

. >> now 7 weather with chief meteorologist phil ferro. >> and coast to coast we go this afternoon. and there's plenty of cloudiness. especially moving in a s cross the northeast and the great lakes. a lot of cold air as well due to this big spin area of low pressure. another one right there. actually not too bad across the southeast. and then there's this right here. another spin. that one is being watched by the national hurricane center. here are the temperatures. and there's a big blast of cold air coming in out of arctic. you can see the leading edge right thrvment that will continue to sink over the 17 degrees right now in billings. minneapolis. 33. not looking too bad here in south florida with a temperature of seven #. so there(s a winter storm advisory already for the rockies. parts of colorado. we have two fronts that are continuing to move in our directions. for us there's a small area of low pressure here that could bring us a couple showers tonight and tomorrow. a better chance of rain come sunday and then there is this, an area of low pressure now northeast of ber miew

. >> now time for 7 weather with chief meteorologist phil ferro. >> phil: and a beautiful day across south florida. a mild night enjoy tomorrow morning because we may see showers moving in by late afternoon. let's take a look at the weather. this is what we got shaking coast to coast ch an area of low pressure right there next to bermuda. national hurricane center is twachg. a 30% chance that it could become a subtropical si tem as it move towards bermuda way from us. subtropical system just a regular tropical si tem, a warm center. this will have a cold1. regardless it will caw a lot of rain for that area two other areas that we're watching with trailing fronts will make for rain here. at least one of them over the weekend. look at the temperatures. seattle 44. minneapolis 33. 40s and 50s up and down the east coast. san antonio a temperature of 71. will it's going to be very nice here in south florida over the even though it might be raining. there will be an arctic blast moving in through canada first. eventually all that cold air will spread a crot upper midwest and look at what w

i'm guy johnson alongside jonathan ferro in davos. what are we watching? jonathan: this disconnect between markets and executives at davos. the bears have it in the market. global stocks extending losses from japan to brazil. barclays is set to cut more than 1000 jobs at its investment bank. and draghi's dilemma. how will the oil price play into this afternoon's ecb decision? here in switzerland, davos day two. we will hear from christine lagarde, ray dalio, and gary cohn. an all-star discussion. day one dominated by the equity market selloff. it was the talk of the town. how are we looking this morning? a little bit edgy. we're not getting the bounceback some would have anticipated. let me show you the fair value calculations. at the moment, the euro stoxx called down by 0.4%. london flat. it has been softening. the cac 40 and the dax as well. wall street is softening too. we have the dow down 0.7%. called at the moment softer as well. it looks like we have another difficult day. maybe not as difficult as yesterday, but not the bounceback you may have ant

jonathan ferro's is here with us -- jonathan ferro's here with us. late too late to sell, too

jonathan ferro's is here with us -- jonathan ferro's here with us.ate too late to sell, too to buy, but maybe the season will change. we have companies like apple starting to sell. will fundamental investors are member that they love those companies? jonathan: i don't want to divulge too much of what i did over the weekend. it looked rocky when you saw that move in the south african rand. a move of 10% on a currency pair, something is going on. stephanie: an emerging market currency that is so dependent on commodities. things are not heading in the right direction. he was the first word. vonnie: the u.s. wants to extradite the world's most wanted drug lord from mexico. el chapo was arrested following a shootout. last july, he had escaped from prison a second time. hours after the arrest, actor had penn revealed he secretly interviewed el chapo in new mexico. north korea's leader once his scientists to build better bombs -- wants his scientists to build better bombs. he says it is his expectation that they will advance the research. fans are warning t

this is where some of the most ferro ocious of the fighting. in the narco's bedroom. interesting things here. bandages, and a little bit of marijuana. >> that is kate dell castillo's show. it would take five more hours for the marines to catch him. this is the secret passageway that leads. you have to crawl under that to get over there. and tonight, he's in even more spare accommodations in jail. his new prison mug shot showing his hair and mustache shaven off. matt gutman, abc news. >> matt, thank you. ahead on "world news tonight" this tuesday. the young american woman murderered while in florence, italy. tonight, the last known place she was seen alive. and also this evening, the results of the autopsy coming in, revealing how she was killed. and what investigators have learned about her final hours. >>> here at home tonight, the deadly and mysterious house explosion in suburban america. the family of victims found inside. investigators on the scene tonight. >>> and, the new consumer alert this evening involving cough syrup. the medicine now being recalled. we have

an ferro and i were in zurich year ago when we saw the swiss adjust to what was around.the idea that when the facts change, i change. the two spikes down are the strong space -- are the strong swiss franc. the central bank is really trying to add. , it isumar -- sri-kumar: really about the knock on effects of the global crisis, isn't it? sri-kumar: it is. what is happening, they have a safe haven play the same way you have had in the case of money coming to the u.s. dollar, the japanese yen. the swiss franc is even more of a safe haven. is adition to that, it much smaller economy compared with japan or the united states, so the foreign-exchange gets overwhelmed by the amount of safe haven money that is coming in. given my expectation of the way in which the global outlook will turn out in 2016, i cannot see any change in that relationship as far as the swiss franc is concerned. vonnie: speaking of places where people like to buy expensive things, tiffany's is saying that its 2016 -- that 5% and 10% between lower. the only place tiffany's is doing well is japan. sales are

jonathan ferro from london is with us.pecialave a very guest, former treasury secretary and harvard president emeritus warren summers it with us. you have a lot to cover. a quick check of the global market. stocks in asia rebounding after exports recovered last month. colinso making -- i hate with a recovery after crude fell below for $30 of the first time in 12 years. it was pleased to open a bit higher trading up over half a percent. is slightlynk that positive picture, but let's get real. you put out an editorial if you days ago saying take a look at financial markets. 08 crisis come we saw it to the market. their more volatile, paul ago it quipped 50 years is predicted nine of the last six recessions. is that what is happening here? are they predicting a recession? the wayot to look they're protecting a recession. you need a larger market down graft than we have seen. i think that policymakers make a mistake when they ignore markets. driven byare often psychology and technicals. they make mistakes, but they also have a

we also have the -- john, back to you -- jonathan ferro, back .o you as guy said, not quite shocking all. higher. here in europe, ftse 100 up by 18 points. we're talking bank of japan. kuroda surprises the market as he adopters -- as he adopts and david rate -- a negative rate strategy. -- coordinated output cuts can be on the table. they roll-on in russia rolls on. ♪ guy: strategist at jpmorgan still with us. what is dominating market thinking. is there a danger -- this is a store we talked earlier on this week. the ecb do a little and more to weaken the currency. they push the dollar higher. you can argue that since we got into the story toward the backend of last year, the one consistentlys been there has been the summer dollar creeping higher. that had a massive effect on commodities. you saw it in the apple numbers. you see it clearly in the corporate story throughout the world. and the ecboes that does more than the dollar. ,> what you have seen the past the dollar typically rises into the first interest rate hike and then begins to selloff. people have use history as a guide.

i am jonathan ferro

(ruby ferro/ ramkisson's neighbor) sometimes you are a beautiful person but one day you have a bad day. ramkisson's neighbor had good things to say but when we knocked on her door. (victor oquendo/ reporter) did you want to say anything on her behalf? nats - no, i don't want to say anything on her behalf, i want you to go. nats - that's destruction of how the ugly outburst ended: nats - i guess that's it. i guess i'll see you at the crime scene. good night!> ((paul joncich)) that was victor oquendo reporting. paul joncich > that's all for us at 4. 8 news now at five starts after this. don't forget.. we're always on at las vegas now dot com, on facebook and twitter. ((dave courvoisier)) > dealing with a blizzard. with 40 megs of internet speed from centurylink, a family of four can all be online at the same time, streaming, gaming, or downloading movies. but i think hair and makeup went a little too far. yeah, that's not working. i much prefer the two-day beard, horn-rimmed glasses, just-slept-in-his-car kinda thing. yeah, i miss the rumpled crazy uncle look. okay. be "paul giamatti." t

i'm guy johnson alongside jonathan ferro. jon, what a morning. >> asian stocks fly.he shanghai plunge over 6% and crude tumble to $35 bucks a barrel. the central bank must fulfill its inflation mandate. it's credibility is on the line. tapped federal reserve holds its first meeting of the year when they take a hike off the table. >> it's a busy morning for marks. here's the bloomberg of carolyn hyde. $30 a barrel. the shanghai composite closed 6.4%. they're not the highest of 2013. some bank officials are said to have been anticipating a close all that's whether to expand records. they dim the ranch. the governor used to dabble to play down the impact of lisa's turbulence on the economy. meanwhile the federal economy says it's meeting to decide whether they will pro side as planned today and tomorrow. the participants are unable to a tend in person but they can take part in a video conference. >> in washington as well as the federal government following a severe winter storm. guy, back to you. . we're less than and it's having an impact. let me show you what the live

i'm edwards along with jonathan ferro in new york. good morning. jonathan: good morning. let's get everyone updated. the china flip-flop. authorities scrap the circuit breakers after less than a week of use. another volatile trading session as state-controlled funds are buying stocks. production run over. china has an eight-day streak of cuts in the yuan reference rate, sending shockwaves through global markets. jobs day. the december payroll report is said to be scrutinized following the rate hikes, amid intense market volatility. you wake up this morning and see the chinese news, and you almost forget that actually it is payroll day. anna: by now. encrypt -- -- i know. it crept up on us. so much value was wiped off global equity markets. the chinese situation does look different, and many asset classes look different compared to what they looks like from the start of this week. it's not as if we are operating in an environment where there are no controls on chinese equities and no intervention, but some of those asset classes are rebounding. oil up by more than 2%. jona

jonathan ferro is in new york.e looking for a confidence boost, you might find it in these headlines. north korea says it has successfully tested a hydrogen bomb. world leaders condemned the move. confidence crumbles. the chinese yuan falls to a five-year low. and driving forward as volkswagen unveils its new green concept call -- car.

i am anna edwards along with jonathan ferro. 2:30 in newoo -- york. breakers halt trading for the second time this week. regulators hold an emergency meeting but make no decision on action. oil falling to $30 a barrel as brent dips below 2004 lows. marks & spencer steps down as ceo.

i'm guy johnson alongside jonathan ferro in davos. what are we watching?sconnect between markets and executives at davos. the bears have it in the market. global stocks extending losses from japan to brazil. barclays is set to cut more than 1000 jobs at its investment bank. and draghi's dilemma. how will the oil price play into this afternoon's ecb decision?