vonnie: ramy inocencio, thank you.sjuice makers today, and the largest slump in oj futures since january. crude is down, but it had risen earlier today on news that saudi arabia and russia would freeze production and help reduce or try to, the global oil what. g.i. is settling under $29 a barrel. let's turn to gold now. goldman sachs says that the price is not justified. they expect the precious metal and three $1100 months. for more, let's bring in our mining analyst ken hoffman. unprecedented to drop to 1100 dollars. we saw gold approached her dollars in october. it has struggled to get up there every time that there is turmoil in global markets. reporter: what i wrote this morning, when i heard that goldman was bearish on goals, i thought, that old -- bearish on thought, that old chestnut. they have always been bearish on gold. there being bearish on gold -- that is sort of what they do. if you look at the market, inrything will change january. those who are really bearish on gold, they are going to say, qe have the

we go to ramy inocencio for perspective on this. is she nuts?s is the best coffee on the planet. ramy: i would say dunkin' donuts is better than starbucks. a beginners coffee, breaking in your palate. we go to willem buiter. would you like to weigh in on this ya? dunkin' donuts or starbucks? willem: i am a dunkin' donuts man from way back, but mainly for the donuts. tom: talking about dunkin' donuts. do they have dunkin' donuts in london? willem: yes, they do. in my neighborhood, there is a flourishing dunkin' donuts. it is right across from a starbucks, actually. tom: very good. we will have shelly banjo on to defend her call. caroline, please weigh in here. are you going to have dunkin' donuts while you watch rugby? caroline: when you are over here next, we can go to the donuts cabinet. i do not know if they have great coffee there, it is just about the donuts. tom: road trip when we are there, to dunkin' donuts. thank you so much to tell about -- for your perspective thank you so much to willem buiter for your perspective. lastutiful essay on

ramy inocencio has more from our news desk. first we had to columbia where the country is reporting its first three deaths blamed on the zika virus and 100,000 people could be infected. brazil is the hardest hit of more than two dozen countries affected. researchers found the active virus and saliva and urine and they are sending test sample to the united states. a key supply route to rebels have been cut and refugees are fleeing into turkey. the north korean missile test is prompting and airlines to reroute flights today. also, the exposed the force of the volcano captured on video happened in southern japan. a nuclear plant 30 miles away is operating normally. japan has over 100 ok. and irruption over two years ago killed many people. right has died. "earth, life force of wind, and fire." he was 74 years old. that is your bloomberg first word news. back to you. david: there will be more "bloomberg markets," here right after the break. [laughter] ♪ welcome back to "bloomberg markets." i'm david gura. vonnie: and i'm vonnie qui

ramy inocencio on the markets.rack open lower and looking to be at session lows, potentially breaking a two-day winning streak we saw on the last two trading days of january. this is where we stand right now -- s&p futures down two thirds of 1%. one of the big questions i want to ask is will the s&p turnaround for january? a seasonality you function, reds and greens on the board, based on the performance. for the past six february's of the past six years, they have all been up in the positive range. whether it is been in negative or positive territory. oil is on track to break its four-day winning streak. china factory data came out as lowest -- in the lowest in three years. we are off our session lows. dumb by 3.2%. -- down by 2.2%. i want to talk about twitter shares. lake is news that silver and twitter are talking about a deal. chipotle says the e. coli scared could be declared over by the cdc as early as today. stephanie: i still don't want to eat anything associated with that. [laughter] we are going to talk

i am ramy inocencio.rt stock is falling into the procession, dropping 5% at one point, the world's largest retailer lowering its annual sales forecast to relatively flat. let's see with the numbers say about struggles in "the numbers do not lie. a normalized basis, walmart has significantly trailed the s&p with one of its rivals, target. walmart is down more than 27% over the past year. let's look at the company's disappearing revenue. you can see here, year-over-year growth. it is slowing in negative territory for fiscal 2016, down by 1%. as my daughter would say, bye-bye. profits are expected to fall as much as 12% in 2016, due to higher labor costs in the u.s. and spending on its web operations. it is not paying off -- is it paying off? take a look at e-commerce. online sales are following -- are following -- are falling only a percent. international business account for 25% of the company's almost 500 billion other -- $500 billion revenue. it reported net sales declined nearly 10% in the fourth quarte

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

betty: ramy inocencio at the markets desk. let's stay at this merger monday. all this market turbulence we are experiencing will continue to reshape these industries. ,e are joined by rich jeanneret american vice chair of transaction advisory services at ernst & young. rich, i find this interesting. we have had no ipo's at all in the first month of this year and yet m&a is still going. the end of thet day there is still tremendous opportunity to gain through m&a. pressure occurring because of the slowdown in global gdp. companies are looking to grow through acquisition and over the past couple of years, they have been rewarded in their share prices. the average billion-dollar deal done last year, the stock price they acquired traded up 2%. markets are saying m&a are strategic, a where to create shareholder value, and we are going to reward them. betty: do you expect it to still be a banner year in 2016 despite all this turmoil as we saw last year and years previously? rich: turmoil introduces a level of anxiety by january, the value of m&a traded was almost $4

i am ramy inocencio. funny, back to you. -- vonnie, back to you.onnie: mining shares are adding to the rebound in 40 rallies. it is rising as much as 8.2% today. copper prices are heading for a stretch of gains in december, settling around two dollars a pound. said the proposal by saudi arabia and russia that would freeze production at near record levels. about $31 ae vti up barrel. there just one problem with the semi-russia -- saudi-russia effort to avoid this like in oil prices. texas, are successful, oklahoma, they're waiting to pounce on the opportunity. joining us is a bloomberg energy reporter. david, have you heard from shale producers? are they waiting to pounce? david: i mean, they would like to get that being said, they are trying to portray a little bit more caution than last year. they absolutely did pounds last year. they pounced and brought the race back on line again and thought things would be great and we have settled back into a bear market again. the bottom fell out. last year was an example of pouncing. land inest owner of eagl

ramy inocencio has more.let's head to presidential politics where hillary clinton and donald trump are leading in virginia's upcoming primary according to a new poll from christopher newport university. 52%.ry clinton leads marco is at 22%. virginia's primary is on march 1. bernie sanders will be a guest on with all due respect today at 5:00 p.m. the head-onsay train crash in germany last week was caused by human error by the train dispatcher. 11 people died when two commuter train's slammed into each other 40 miles southeast of munich. pope francis has arrived at a stadium in mexico for a mass in the heart of the nation's drug trafficking region. he is expected to offer words of encouragement. the un security council says that the former leader has died. he served just 1, 5-year term. he was also deputy prime minister for the four affairs of egypt. day innews, 24 hours a more than 150 news bureaus around the world. alix: thank you so much. the bank of japan's negative interest rates came into effect today. i

ramy inocencio has more at the markets desk.ng the rally holding onto to the greens we had been talking about. right now, all stocks are higher, and 90% of s&p docs are higher. financials,g led by and is interesting with a day makes, because it suited worth biggest loser. today they are the biggest gainer. but the question i want to pose is, is this just a blip of green in a sea of red? this is the seasonality function. i want to direct your attention to this square right here. this is for your. we're still on track for a negative february. you see these six lots of green. this has been a six year winning streak for february. seven not been since years or so that we are seeing a negative february. let's take a look at the banking sector. the s&p 500 banking index is down by nearly 19%. this is the biggest losing sector on the s&p year to date. that of course has been weighing what has been happening with equities. you can see in the past one year of the s&p, down 11%. is down 1%, and the nasdaq is also down 11%. the nasdaq is do

on world news.e ramy inocencio has more.eve of the nevada caucuses, recent polls shows hillary clinton has fallen into a tie with bernie sanders. former president bill clinton is at some last-minute campaign events. meanwhile, in north carolina, donald trump has gone to local primaries. the fight will be between ted cruz, marco rubio, and jeb bush for third place. -- second place. a'sjust as antonin scalia flagged draped casket is at the supreme court as his body is line in repose right now -- s flaggedcalia' draped casket is at the supreme court as his body is lying in repose right now. couch is-- ethan now back in juvenile court after killing four people while drunk driving as a teenager. he fled to mexico and was brought back. he now faces 180 days in jail. and the international space station just got a whole lot tidier. got rid of over one ton of trash and jettisoned it out over the pacific ocean where it will burn up in the atmosphere harmlessly. that is a lot of garbage. matt? matt: thank you. let's take a look at the

ramy inocencio has more.resolve the crisis in the country will not resume next week as planned. this comes as turkey intensifies cross-border shelling on area dominated by mostly kurdish militia. russia has called for a council meeting over the deteriorating situation. cameron's negotiations with european leaders build into a second day. discussing brussels u.k. membership. eastern european leaders do not like his demands for welfare curbs on non-british citizens. france has a plan that would protect london's financial industry. two suicide bomber's hit a market in north cameroon killing 22 people. two others targeted a school in a nearby town. 70 people were wounded in total. attackers disguised themselves as food vendors in the market. a former cairo initial received honors at his funeral. he clashed repeatedly with the u.s.. the clinton administration blocked him from a second term. the author of "to kill a mockingbird" has died. harper lee was 89. that book sold 10 million copies and has become one of the

i am ramy inocencio. ♪ emily: i'm emily chang and this is "bloomberg west."ncrease vowing to encryption. we will bring you all the latest in this mounting standoff. yahoo! sets up an independent committee to explore selling. are they serious? we break it down. could you tube dominance the under threat? we talked to the king of online music videos about his plans to go it on -- go it alone. ♪ first, to our lead, the apple standoff with the government tends to mount dramatically. the justice department asked a judge to force apple to cooperate. in response, apple is vowing to increase encryption in the future, claiming the u.s. government is seeking a master key to break in. the company hired two high profile lawyers. aoomberg has gained access to secret decision memo asking various government agencies to find ways of cracking encryption software after the government decided not to legally pursue backdoors into tech companies. now is michael riley, who broke the story for us, and a former site security advisor to the white house -- cyber security advisor to the

let's get to ramy inocencio, who has first word. ramy: plenty of fireworks at the first presidential debate. hillary clinton and bernie sanders squared off last night in new hampshire on msnbc. sanders said he is the democrat who will represent the people. bernie sanders: our campaign is a campaign of the people, by the people, and for the people. secretary clinton does represent the establishment. i represent, i hope, ordinary americans, who are not all that in amer -- who are not all that enamored with the establishment. hillary clinton: bernie sanders is the only person who would characterize me, a woman running to be the first woman president, as exemplifying the establishment. battled over also clinton's ties to wall street. she says that sanders is trying to smear her. republican marco rubio has moved to second place in new hampshire and is closing the gap with donald trump, who, according to a poll from cnn/w m you are, has 18%, marco rubio at 13%. president obama will propose a $10 a barrel tax on oil in his upcoming budget,