alix: if the country does vote for a grexit, what happens to cameron's job?think you would be forced to resign. alix: there we go. coming up, plunging oil prices usually means more consolidation in the sector by this time,, things are different. we will explain where it has all gone. ♪ scartlet: "what'd you miss?" a report that honeywell the tech giant about a possible merger. is the deal still on the table? jesse is the managing editor at bloomberg news. this is not the first time they had discussed getting together. guest: in 2000, they were talking about a deal and ge got in the middle of it and made a bid for a new well and got blocked by regulators in europe. they started talking about a deal. i think technologies approached honeywell about a deal ended think it was december honeywell went back and approached them. alix: why now? guest: i think if you are honeywell, your shares are a bit more aligned so it makes more sense to do a deal. soted technologies had grown they could maybe get a deal and honeywell would be the one who would run the business. i g

grexit's right. >> people love him.ou can see this great photo of him taken earlier at a clinic a seemed to think -- is he too popular, too soon? could he be the new famous politician from the right? once favored to win the presidential election in 1995. his popularity kind of dropped like a souffle, if you will. running out of steam. the election was one i an outsider who wound up being president until's 2007. claire: i like the souffle analogy. in the run-up to the oscars, a damming report on diversity in hollywood? >> this sums up what people think on this report. it. confirms and is essentially a report was carried out whether yours in of southern california and analyzed 400 movies and tv shows from 2014. as you can see here, the article 87% of thedian directors are white. 33 percent speaking roles go to women. eÑry little. man: this is a production of china central television america. mike: we share the planet with them, but what responsibility do we have to the many animal species out there? this week, conversatio

unlesscials the government and creditors come up with a credible plan to make the debt sustainable, fears grexit willet -- resurface. have been struggling to deal with falling prices, too low for them to make a living. the french government has authored hundreds of millions of euros in aid to livestock farmer since last summer. said he wouldnde try to lower taxes, but did not say by how much. the president met with representatives earlier this friday. the industry needs reforms on a european level. >> we must have more regulations governing production. if there are too many dairy production -- too many dairy products on the market, dairy production must be decreased. today, we find ourselves at a complete dead-end. >> ministers will meet to discuss the crisis on monday. let's look at the other business headlines. the independent is to stop printing physical papers and become digital only. british daily is the latest to be hit by falling ad revenues. ite staff would be cut and would sell the sister publication to finance the move online. -- plans to hire a thousand new employees. the carmaker sai

grexit we know that they met with attorneys for about seven hours. the actual testimony was only 2.5 hours according to the attorney that spoke to reporters. they started at 10:15 this morning, mrs. cosby, according to the lawyer did not want to be there. they went on and on with questioning until about 5:30 this evening, and they are not done. they say they will continue on the 14th of march. here is part of what he had to say after the meeting today. >> she was somebody that was reserved and i get the sense she did not want to be there. there was a good deal of back and forth between the lawyers on the issue, the nature and the extent of the marital put rich -- marital privilege. we did have to enlist the assistance of the magistrate >> so they actually had to call the judge a couple of times on the phone. that was anticipated, that had been set up when they set up the hearing. the attorney' s and mrs. cosby trying to get this thing delayed. the judge said he would be available to deal with these decisions. a long time to accomplish 2.5 hours. he w

this is a just about mario draghi, it is also because of the concern about grexit.p topation building the meeting. but we are looking at mario draghi, and what he will be saying. that is your bloomberg market day. do not miss the birds live analysis of mario draghi's remarks. you just saw them come into that room. keep an eye on bloomberg tv. ♪ ♪ >> he got his start in west philadelphia working for the fresh prince himself. troy carter helped take gaga from unknown to platinum. his own path to hollywood was unexpected, coming from a tough neighborhood, with a father who did time for murder. proof, he says, that you write your own future. joining me, founder and ceo of atom factory, troy carter. >> thank you for having me. emily: you grew up in west philadelphia, just like the fresh prince. troy: west philadelphia, born and raised. [laughter] emily: how did you get started in tech investing? troy: it kind of fell into my lap. working with lady gaga, it was difficult to get to music played on the radio, so we use a lot of see she -- social media tools. facebook was co

the markets are so up on a grexit.ho cared about a grexit. >> the grexit was they were headed into bankruptcy, that was the problem. if britain decides not to do it -- >> right, if britain decides not to do it, the whole thing is thrown into chaos. 40%, and now got boris who people love. >> i'd be worried still. >> you don't think they're going to do it? >> i don't know, i don't think the markets get crazy until a month out. >> when do they vote? >> june. june 23rd. we're in february. >> and then when do we vote? >> we vote in november. >>> bernie/donald. >> maybe the mayor jumping in, we'll see. >> you hope. >> the upper west side hopes. anyway, thank you. >>> when we come back, saturday's fourth place finish in south carolina marking the end of the campaign trail for jeb bush. we will tell you what's next on the docket for the candidates straight ahead. >>> first, a programming note, we'll be sitting down with warren buffett on leaf day. monday february 29th. we want your help. go ahead and send your questions tour t

we will talk about the risk of a brexit, of a grexit, and everything else.it just sowing the seeds for a breakup? ♪ vonnie: here is your bloomberg first word. president alassane ouattara the and his allies in the new parliament can now focus on rebuilding the economy. he wants to fix the economy now that international sanctions have been lifted. meanwhile, political deadlock in ireland. the two biggest political parties each got 50% of the votes in friday's elections which means there could be a first-ever grand coalition between them. the militants linked to al qaeda have set up their attack since amalia. three bombings over the weekend killed 40 people and ports of a multinational force fighting the militants. hillary clinton goes into super tuesday her biggest victory of the campaign. in won 47% of the vote south carolina and is now turning her attention to the other party. north korea says that a u.s. student has confessed to a hostile act. he is accused of taking down a propaganda sign, all of this as s the u.s. presses for more sanctions against north

--cing bets on the grexit mark: i don't have a team of 16 people putting my chart together. yours truly the grind income of this wet in, the oil into his daily chart. that puts the grind in, the sweat in. -- morganaving the eu stanley says there is one corner of the rates market that is not a verse to those risks. investors are betting the bank of england will tighten policy inthe same time as the fed 2017. organ stanley puts the probability that morgan stanley the probability at more than a third. morgan stanley puts that probability at more than a third. , these two have converged in the last month, showing expectations that the u.s. and u.k. will tighten monetary policy at a similar pace in 2017. the gap narrowed one basis point last week. it was 15 basis points, then the market was pricing and more tightening for the fed in 2017. says votes to leave the eu could force the boe to keep the rates at record lows for an extended. of time. -- extended period of time. their understanding the likelihood of the brexit. instead of the 16 people who helped matt miller, focus on the

we talk about the implications of grexit next at the top of the hour. very special interview with bill and millon negates and the gates foundation. -- bill and melinda gates. ♪ nejra: a big acquisition in the ministry -- in the memory chip that is -- industry. after a chinese company pulled out of a deal to become western digital's biggest shareholder. u.s. regular leaders will go to investigate the transaction. you can add time to the list of those interested in buying out whose core business. yahoo!'s core business. time magazine would be competing with companies such as verizon and at&t for yahoo!. the so-called london whale has resurfaced. tradermer jpmorgan generated more than $6 billion in losses in 2012. he said it wasn't his fault, he says he was told by his jpmorgan bosses to execute the strategy that prove disastrous. the bank is not commenting. david? david: now to global go. we are four months away on britain's referendum on u.k. membership. 36 of the uk's 100 biggest companies signed a letter endorsing cameron's campaign to keep britain in

think it is interesting to note that the markets are still assigning a 30% to 35% possibility of grexitrexit despite the headlines itself. rishaad: let's look at the other current is. euro get any impact? >> it does have an impact, but overall the impact is not dominant for the sterling, meaning a bigger negative for u.k. compared to europe itself. perhaps this explains why the euro-sterling continues to climb even though we see increasing impact on the sterling as well as the euro against the dollar itself. rishaad: this is also contingent on what happens with the dollar itself. economichave clear cut good news coming through from the u.s., signs of inflation, but there are other things that are not that convincing. much is this inverse relationship between the dollar and gold at the moment playing out? gold, again, all herecting the same drivers , concerns about the global economy in terms of global recession. also, concerns about the u.s. growth to a certain extent, and this is why the fed rate expectations have lifted the gold price. lingerrm, concerns will and there could be -- it'

market is in the mood of getting out of positions that has been very bearish on on the story,with the grexit and so on and so forth. in the meantime it has been somewhat positive, the japanese yen, with the boj coming across and doing what they did with negative rates on friday. alix: how much more downside do you feel is left to the yen? >> it returned a lot today. it was a wild day. 121,ved all the way up to 122. today we went back down to 120. we still think there's a lot of upside. kindet: do you expect that of volatility to repeat itself over the next couple of weeks? >> it will continue to remain uncertain in currency markets. it's good because it means the market will try to find a new equilibrium, where basically you requiretral banks easing. alix: do you expect negative currency rates are in translation at fx four? --central-bank stance negative rates is one mode of that stance. when it comes to the fed, the fed is about to continue hiking or they won't hike. the fed is nowhere near going on negative rates. it is about the stance where you stand today as opposed to where you were tw

grexit we understand that in a few minutes the president is set to make an announcement on a secure facility in guantanamo. in light of that, colleagues should consider the following things we have heard in recent weeks. dunker has spoken of a need for the military to take more aggressive action against the isil group operating inside libya. general campbell has spoken of the needs to maintain a sizable force and afghanistan to conduct counterterrorism operations, and training and advising the afghan security forces. ash carter has issued a budget request about funding for the weapon systems and programs we need to balance against the regional ambitions of china and russia. in other words, some of the most senior national security officials within this administration are already working to better position the next president for the national security challenges that we will face in 2017 and beyond. yet president obama seems to remain captured on one matter by a campaign promise he made way back in 2008. his ill considered crusade to close the security detention facility at guantanamo. today w

there is the grexit and russia and the middle east. one bus reminds people he bought his first in 1942. there was one nation fighting the evil nations in europe. my hat is off to you. you did it for the whole world i yourself for a year. hadica was surrounded and been in depression for 12 years. a 25% unemployment. the resiliency of the country is astounding and i would not against it. matter whatno happens, you're ok. we have so far been doing that. and i am not saying to discount the risk. i would say to discount the market a little bit. the market has always been wrong. when i first came to jpmorgan, i said we would stress tests the equity markets. 50%, they thought i was crazy. drop 40 or 50% and has many times before. it moves likees, this in oil, this may be among the worst area it has moves like this five times in my lifetime. corn, sugar, chickens, oil, iron, interest-rate, credit spreads. prices move violently and always for some you problem we did not know about. we would like to be prepared for that kind of stuff. >> winston

grexit was kind of an unbelievable day, and one point we had the nasdaq off by almost 3%. really into the close, stocks contributed to a rally. the s&p only off 26 points, the dow only off 177 points. >> and ugly day, it could have been much worse. >> there's more anxiety, that's a relatively new developed. clearly focused on many of the european banks. beyond that, there are a few things that in a driving markets lower. last week on most of economic data in the u.s. was on the soft side. it's reinforcing those concerns about the health of the global economy. even the health of the u.s. economy. second, we have had an environment for the past few weeks where you have seen more effort by some of the world's central banks in japan and europe to either consider or adopt more unconventional monetary policy. and so far, that is not having the intended effect. it is making investors nervous about what happens in a world where central banks may be out of bullets. >> we have been looking for the bond bubble to burst for years. it seems like the bond bears can go home right now, be

a possible grexit -- a possible brexit. a challenging climate.oining us now for an exclusive joussen., friedrich good morning. incredibly troubling times with a huge amount of volatility. to survive this tests isavel industry that the only way you could have the capacity movement? friedrich: it is a good way to did -- a good way. [indiscernible] new destinations, you weaken your flight and you get customers and to other destinations. one thing is very certain, people do not stop traveling. guy: is this the new reality guy: -- new reality? a issue inthere is north africa and turkey. inre is a rise in travel spain. -- youe long distances look to the caribbean. guy: you were 40% downward to? friedrich: that is true. at the same time, this is the for the which generate summer season. we look at the bookings and generate test in january for or sixeasons, for weeks weeks ahead, that was on the level of years before. we leave that turkey will be a more short-term business. a little bit closer. spain is booming because people are shifting their behavior.

highest since 2011 that is not just because of mario draghi, it is also because of concerns of a grexit weakening, stocks moving appetite, and goals losing its shine. money moving away from the safe haven assets. down 2% at the moment. investors have been moving to the safe haven. not the case of the last few days. that is your bloomberg markets check. i will be back in about 30 minutes with another market check. you mario bringing draghi life as he speaks to the european parliament. studio 1.0 is next. ♪ ♪ emily: using people should be almost from the start. no honest shinzo abe -- how honest should they be? when he is interviewing people, before the start of the company make he asks what jobs they want. -- emily: he's been called the startup whisperer of silicon valley. reid hoffman is the co-founder and executive chairman of linkedin and an investor in some of the most successful companies of all time, including facebook. yet, the man with one of the most impressive resumes in silicon valley wasn't always on track to be an entrepreneur. a student of philosophy, hoffman at one point p

two other things mentioned on top of this, the shock of a potential grexit.sing number of refugees in europe. the refugee crisis. those are the two new additions to the key risks. theite this, they play down volatility in the markets. they say, markets tend to overshoot. it does not necessarily reflect the health of the global economy. christine lagarde came out and said that central bank still need to be fairly accommodative because what is happened is that conditions have heightened because of all of the safe haven. that brings us to this one which is central banks are not superheroes. they can only do so much. it is now up to governments to provide the additional support, in case things to worsen from here on. angie: what about currency wars? what do they say about that? especially with negative interest rate here? david: that was a key topic. what was interesting was people wanted to know what china's intentions were with the yuan. i think the japanese arrived late saturday, and the focus shifted to them. because, obviously there was a need to clarify att

grexit where our view in this reform specifically?lf said would have to execute one of the sharpest u-turns in terms of policies. >> i would say we are probably only 10% or 15% into it. i think what we have done in a last six months is change the tone. change the mindset. , thee the way, certainly executive branch of our government thinks about our positioning with the rest of the world. ask world bank and a lot of trade experts, over the last 10 years, we are probably the most project -- protectionist regimes. we have made non-terrorist measures. now to change people's mindset -- that is wrong, we want to be open to qualify for trade agreements with europe, tpp and the like. angie: coming up, one of japan's richest people may be scaling back. a look at the international plans when "first up" continues. ♪ >> hello, and welcome back, these are the stories making headlines around the world. civiliand nations said casualties of violence from afghanistan have hit the highest record since 2009. more than 11,000 people were either killed or

i'm talking about concerns about a grexit and the tech wreck and the russian default in the late '90stypes of things normally you would see this. right now i'm not sure we necessarily have economic data that is as bad as that. >> tim, do you believe the bounce? that are you doing today? >> everyone is talking about how sentiment measures got oversold. if you look at stocks and the stocks that have the biggest rally back, but what is interesting to me is things like the transplants and industrials, a lot of these stocks are up year to date. kansas ci kansas city krks su, ups, john deer. the mining complex where you haven't seen the recovery. i think you have a combination of one i think this dollar is going to have to tough time getting through the 100 level. 97 there. kissing on the dixie is a important level. weaker dollar. ultimately had people pricing defaults and bankruptcies in some cases. preport mack is a classic example of a company of i get why you lean on the company, they have a massive debt load. but the pressure is more around their licenses in indonesia. if you think som

the pound is weakening against the dollar is anti-grexit talks go into a second tape.out welfare curves with his number. i do not know how exposed you are in europe, but do you take this threat seriously of england leaving the eu? >> we have to pay attention to it. we do have some exposure in europe. we have been a reluctant to miss that there is opportunity in europe, but there is slow going. every country, every quarter, wants to leave the euro. if it is going to be greece, it is going to be britain. tactic for theng members of the euro to rebalance contingencies locally. a lot of it will be driven by politics. i think basically, cameron is for you to know that if he does something very significant, and puts a referendum out there, it will create some intermediate term volatility, and it not be great for the european economy. i think you will be motivated to get something done. david: you have something from bloomberg? julie: this is pound volatility. a real or not there is chance that any given nation will be exiting the euro, we are seeing reflected in the markets

you have the northern problem with grexit, but the real one is the refugees coming in from the south, on european union as a whole. it is not good. i pray and hope for the best. that is not the way it is trending. i have gotten much more cautious on europe. i am disappointed, because i was so hopeful. enormousunion's under political stress right now, that is a top-down. it is a severe top-down. price of oil ties into it, certainly, because where is the disruption? the disruption is in the middle east. is a real problem that is driving the people out. it also threatens, in an extreme case, you could always have an upset in the primary source of exported oil. plug my chart for those watching in the office. i will do a little experiment. i will do an annotation to make his chart look better to you can use it in a presentation. stephanie: number three gold getting it was from haven demand. the metal is up-to-date and heading for its biggest month we gave in four years. years best-performing major asset. if you look in the etf backed by pulling on we have more holders and we have seen last

we were worried about a grexit. what about a brexit? >> march 10th is a big day. a new round of qe. that could indeed spark a rally in the dollar. you could imagine you could get back to stronger dollar, weaker euro in the context of what draghi may do. >> if you have more than a single mandate, then you have infinity mandates. that's the problem. >> this is the law, joe. >> all these understood mandates. a brexit is another mandate to worry about. market volatility is something they should be considering. >> look, you're a policymaker. rebecca is smiling like, all right. you're trying to bring all these factors in. it's a $17 trillion u.s. economy. i don't know what the number is, that's 20% of what the global economy is. somebody do the math for me. it's a very complicated world. you bring in all factors. you don't decide not to look at that. >> about a quarter point to a half. up to a half from zero. >> weren't you one of the guys, joe, who was blaming the market selloff on the fed? >> no, i was not. >> you think it's fine -- >> no, i think it's coinciden l coi

. >> we used to call a grexit and now we're talking a brexit. >> were you a pro brexit person?y or another. >> the whole idea she thought -- >> yeah. she would have believed in free trade. >> larry, you don't want them to leave. i want them to leave. >> i think first of all, there's a lot of damage dwhoen you leave, the transition. so i think at the end of the day they will vote narrowly to stay in. i think they should. >> unelected bureaucrats in belgium. >> makes me crazy. >> they exist the world over, joe. >> very unfortunate. >> we don't have any here. >> here are the stories investors will be talking about. revision to gdp due in 30 minutes. the number is expected to be revised lower saying the chi likely grew at a rate of .4%. oil prices, crude up this hour. is higher by 39 cents for wti deliver i in april. 33.46. brent over london for delivery in april higher by 57 cents, 35.86. natural gas at 1.78. g-20 finance ministers are gathering for a summit in shanghai this weekend. among the headlines the head of china's central bank promising his country will not stage another