manus? manus: let's get out to zeb eckert. the week, the yuan has had a fairly good run. we've had the chinese equity markets for the week ramp up and not too bad shape. zeb: certainly has. it has been a seesaw session in some of these markets. if you look at the trend lower across the asia-pacific. the regional benchmark is trading lower it shanghai and hong kong down but not significantly to the real news that the pboc has what raised the reserve requirements for regional lenders who have doled out loans at too fast of a pace in january. record lending in january. a key concern is demand. will these loans go sour? is this the break of a banking crisis? this has not been confirmed by the pboc. it would add to the concerns of the market that banks have overextended themselves. not necessarily the big chinese banks, it is the small regional lenders. the biggest acts have lost market share in the new loan race. let's take a look at what is moving in hong kong. any financials are being caught up in this news. a short while ago, a

i am manus cranny. we are in london, keeping you up to speed with everything that is moving on markets. and we have a couple of different companies that are reporting this morning. we are going to quickly tell you what is going on, we have hans nichols standing by. this is one of europe's biggest steelmakers, first quarter estimates coming in at 9.5 billion, that is below the estimate of 9.9. what do they earn from continuing operations in the first quarter? at 243 million, that is just slightly ahead of the estimate at 239 million. but the first quarter net losses , and terms of profits, there is a net loss -- that actually beats the sales level, coming in just under the estimate. that is the net loss that comes versus3 million euros, profit obviously a year ago, at 50 million. this is as europe implements tariffs on the chinese imports. this is as they review the with the dealing prospect of a slowing global economy. flowyear earnings and cash forecasts still in range. that is the message coming from

manus: give us your take.ra: of course, the asian pacific index -- the regional headed for adown, weekly loss. if we take a look at individual indices, a bit of a mixed trade. yet china first, the hang seng and you have seen the shanghai composite trading pretty much flat at the moment. the hang seng posted a gain of about 4/10 of 1%, -- as you can see at the moment. both trading lower. the weakness we see in the japanese shares are down largely to a stronger yen. that currency is headed for the biggest gain on the dollar in more than seven years, manus. this is all about the market not pricing in a fed rate increase this year. that led to a weaker dollar, really offset the bank of japan moving rates into negative last week. manus: thank you. up to speed now in terms of the trades. we heard that the dollar is heading for its worst week since 2009. traders are shifting bets in terms of the dovish federal reserve. the number of fed speakers reiterated the word patience. the bank of england governor sent out a ve

back to manus. manus: shares surged in japan today.ata,s after poor gdp expectation that policymakers will boost stimulus outlooks. shrank.d's economy let's go to tokyo now. jody is our japan editor. what factors led to this day this week? ones one of the biggest was that private consumption was way down. when you do not have consumers purchasing much, that does affect the overall gdp number. exports were also all. the one bright spot was that businesses were spending. , the the market turmoil yen strengthening, that may not continue given those factors in 2016. there were a number of factors. -- there was no big driver of the economy in japan in the first quarter. manus: therein lies the whole question about abenomics. in terms of this young real effect that we are saying, -- that we are seeing, is that expected to continue? yes. that is a concern of economists. you will have one quarter of growth and another of contraction. the third quarter was initially a quarter of contraction and then it was revised to growth. we come back to the

manus: welcome to "countdown." i manus cranny. anna: i'm anna edwards. let's think about what is going on in france right now. number the full year euros, a at 3.43 little bit shy of the estimates. ebit came in at 4.1 billion euros, short of the estimate of 4.3 8 billion euros. a lot of focus is going into this on the outlook and they are confirming that outlook today. for is the overall guidance 2016. they describe their 2015 numbers as solid 2015 results. we know how details on some of the individual aircrafts. updates on the profiting cash forecasts. progress or disposals will be of interest, as book comments on the civil is the -- as will comments on the civil aviation cycle. the cfo will be talking to bloomberg little bit later on during programming. that will be on bloomberg go. manus: if you are a shareholder with airbus, you get a dividend of 1.3. i know you have got the consensus estimate in their. -- in there. one velocity changes in sterling, they can really get going. he talked about the northern crisis, a 15% drop in sterling. that is someth

manus: and the u.s. election gets more complicated, as the establishment loses in new hampshire. ♪ welcome to countdown. anna: welcome to the program. it is 6:00 here in london this wednesday morning. carlsberg reporting numbers this morning, and if i give you the organic net revenue number in the fourth quarter, that came in well above estimates -- rising by 5%. the estimate was 1.8%. it is well on track, talking about further reduction in financial leverage in 2016. as the overall profitability of the business, excluding various items, also coming in above estimates at 1.4 billion kroner. fell, though, 4%. and that was a bigger fall than had been estimated, the estimate was for 2%. this is a business undergoing a big restructuring, cutting back jobs, closing various breweries after years of various declining profit. russia has been the key focus, turmoil in ukraine, that has really taken a chunk out of the business. the ceo will be speaking to our colleagues on surveillance. a very specific time, the r

manus: thank you.downside risks on the chinese economy, beijing is looking to show it's up to the challenge. we have learned that china's largest economic planning bodies are considering fresh measures. anna: our chinese economy reporter has more. talk us through some of the new measures we heard about this week, whether that is the amount of money they have to set aside to cover loans or what local authorities were able to do. there has been this range of measures that have come out of beijing this week. -- we justm confirm got our own reporting, suggesting they are being discussed. around the bond financing for infrastructure, we are hearing that $400 billion is being set aside for local government to spend this quarter. translate that through to the full year, that would be $1.6 trillion, double what was allocated through that channel last year. an escalation and financing. then we are hearing that the policymakers are discussing -- they haven't decided -- but they are discussing whether or not to a

manus, anna? manus: thank you very much. us talk about one of the oil companies, the worst performing european oil major in the last year. set to record fourth-quarter numbers for the opening of trade. get ryan chilcote in the hot seat. it is hot around this table. ryan: around 7:00, because they never happen on the nose. and the big news that we are looking for is, what are they going to do to protect their credit rating? to protect their balance sheet? they have a story out today saying they're going to sell part of their state, that is the spanish gas distribution and retail business. that is something that they have said they will only do, if they have to, to defend their investment grade. it is part of the company's plan to sell over 6 billion euro worth of assets by 2020. and the problem here is that they did the second-biggest deal in the industry after the rice started slumping 2014. that was the acquisition of talisman energy. does bode well for the future, or has a proven ominous? it was not a great thing for them.

manus: warmer here than in zurich. anna: the to have you back in the studio. $1.6il company giving us billion, after estimates of $3 billion. that looks to be below the estimate. focus on capital expenditure and dividend is always going to be -- manus: i am reading the wrong numbers. you are right. capital expenditure. anna: talking about maintaining the dividend while offering the option to reinvest, do introduce a script dividend. there was concern in the analyst community about to what extent the dividend would be protected this time, and into the rest of the year. we will talk to the ceo about that a little bit later. manus: a significant shift -- the first to do this. they protected the dividend rate this is a first in terms of going into the cash, a form of paper. let us talk about ing. we have full numbers. they come in the what have we got here? $890 million. so, that is a beat on the headline for ing. they have gone with the dividend of $.65. down about 20% for the dividend of double nickels. underlines profit

manus: i like that. coming across the bloomberg throughout the week is emerging markets. is pullede done here up -- you have identified this as well. .3,rging markets priced sub 1 do you join the club that says great value? or is it a value trap? how discerning to a need to be? nandini: very discerning. we are still cautious on emerging markets. it is fair to consider if this is now time to buy. the interesting thing with this is that there are some countries that we are more constructive on with a macro story. their price is actually quite high while some are finding a bit more pessimism regarding markets. the story is not quite get resolved like in brazil. you have to be very picky about that. where evidence is quite structurally sound. if you are very selective about it, you can get a good price. you should ask of the russian currency when you get back to the office. when you look at europe and bullish are you on those two? risk or reward? nandini: i am pretty bullish on europe. draghi is doing all th

manus: thank you very much.is facing a grand alliance after the general election left no party with a majority. prime minister enda kenny is expected to finish ahead of the pack, but will have to negotiate a coalition with the other parties. anna: they include fianna fail and sinn fein. voters were angry about that rose.d prices manus: they could show that the window of opportunity is closing for the ecb to signal stimulus intentions before this self-imposed period starts thursday. anna: charles newsom is still with us. charles, another government which has been phoned into political turmoil. spain, ofing of course >> with brexit going on, this is making the situation worse. this could lead to continued uncertainty in ieurope. we don't have a particularly strong view on brexit currently. from what we have seen in ireland, was in some sense, what happened with spain latley. continue to remain nervous for the situation in europe. manus: what does that mean? this is the data. if you take the data and politics, ther

manus: the yen marches on.e to come on abe's deliberation and the governor of the central bank of japan. what is his next move? ♪ when you're on hold, your business is on hold. that's why comcast business doesn't leave you there. when you call, a small business expert will answer you in about 30 seconds. no annoying hold music. just a real person, real fast. whenever you need them. so your business can get back to business. sounds like my ride's ready. don't get stuck on hold. reach an expert fast. comcast business. built for business. manus: it is 6:30 in london, 7:30 in brussels. billiton has made a larger than expected cut to its dividend, lowering the payout for the first time in 15 years. that is as the world biggest mining company aims to protect its balance sheet and credit ratings amidst a price collapse that's offers cap profits tumbled 92%. share prices have fallen over 40% over the last 12 months. keep cameron's campaign to britain in the european union has been given a boost. u.k.'s 100f the biggest

manus: i am -- i am anna edwards. manus: i am manus cranny.sterling is where the pressure is. volatility is rising. as boris joins the brexit bandwagon. anna: nervousness in the market surrounding that split in the conservative party. manus: will get a nice bounce in equity. i think that the u.k. story is almost idiosyncratic, whatever sterling volatility you have. but you have money coming out of the yen. got the rise of a half percent in london. you are seeing the shanghai market ramp up a little bit higher despite those nerves. anna: a little bit of money coming up from a bee foods. this is the diverse bit of business. they're talking about their number sing that half of their adjusted eps is expected to be slightly lower. they were saying that the underlying trading outlook would be unchanged. manus: are going to talk to them very shortly but the underlying pretax profit comes in at 1.2 billion euros. roseet interest margin eight basis points. they say a gradual rise in the dividend ratio toward nevada which is 15% payout ratio. anna: we w

manus, anna?nna: we have numbers reported ahead of where the analysts had estimated they would come in. we have talk about job cuts. they cannot disclose the number of job cuts. they are in talks with unions on the reductions. manus: they are going to pay dividends at 2.93% a share. the estimate was for three euros a share. options forsidering the generic business. the are in a real state of reconsidering what they are doing with of the business and how they take it forward. let's check out what is happening with these markets. caroline hyde has been pouring over details for us. caroline: it is dragging overall world stock's lower. no industry group is spared. every single one is in the red. the oldo show you wha world index. you are seeing it on the brink of a bear market. we're so close to 20% of our previous high that we reached in may of last year. we are now 18.5% clone war. we have seen that spiked low continue to fall on the brink of a bear market. also, we have been talking all morning abo

manus: 1.5%, can we break through that?an, and we have changed a few forecasts. 1 cut forecasts to 1% from .4%. we cut down to five basis points, that is 0.05 basis points, so nothing. the jgb forecast has come down. u.s. forecast remains -- we 1.5 noelow -- go below one is really forecasting anything lower than 1.5%. maybe that will come through in the coming months. is thatl happen next the incoming data will shift the financial conditions. the incoming data being weaker makes it easier for economists notthe fed to justify hiking rates. even the projections of lower rates in the future could be affected. morning, oned this of the words this morning is ominous. he set out to where you think those headwinds are coming from. you mentioned financial condition to the u.s. to what extent does the tightening of financial condition turn into something more substantial or mainstream? steven: exactly, while we are talking but all of these rate and moving things around, the real world is quite unaffected. at some point, it spills ov

manus: welcome. i'm manus cranny. anna: i'm anna edwards. breaking news coming out of anglo american. year underlined earnings coming in at 800 usd.ion came from them, targeting $1.9 billion usd of cost and production improvements in 2016. this is the ambition for anglo american, as the strategic focus is for positive cash flow. all of this as the stock was moved to a junk status last night by one of the ratings agencies. anglo american is targeting $1.9 million in terms of earnings for this year. the underlined earnings came in at $800 million and the adjusted earnings, just above the original estimates, $.64 per share. the market was estimating $.63 per share. still, a lot of work to be done in how they get there. it will be one of the fascinating conversations. anna: you mentioned what they said yesterday, the company now facing the highest business risk due to commodities market conditions. they sent an e-mail last night that they had strong liquidity with only $1.6 billion of bonds maturing this year, defending their corner in terms of

manus: asset allocation. last time you were with me, you said china was underweight and we were right. this is still the worst-performing index year to date. are you still underweight? do you think that is the correct position? how do you look at emerging market exposure and china? mads: lovely, we are underweight emerging market equities. we do not have any local currency. we also do not have any commodities in any portfolios. that is the way we look at that makes at the moment. anna: thank you very much for joining us. mads stays with us. the u.s., itow in is all about politics. new hampshire holds its first primary following the iowa caucuses. anna: the fed watch begins on wednesday. janet yellen testifies on wednesday or thursday. manus: up next, low for longer. more from our exclusive interview with the ceo of the world's energy trader and his expectations for a decade of low oil prices. ♪ >> exciting, chris -- anna: welcome back. this is "countdown." let's get the bloomberg business flash. willglo ameri

manu, thank you so very much. as manu raised just there in his interview, he said he asked harry reid what bernie sanders' reaction was and harry reid said he would not say. let find out from the sanders campaign on what they make of this endorsement. let's bring in right now simone sanders, the national press secretary for the sanders' campaign. simone, thank you so much for joining us. so we heard delight from manu that harry reid called bernie sanders before this all obviously became public. what was senator sanders' reaction to finding out that hillary clinton got harry reid's endorsement? >> senator sanders has a great amount of respect for senator reid, he has worked with him in the senate for years. he praised him on the forum stage. so senator reid has made his decision but senator sanders has respect for senator reid. they have a great working relationship and he cornsiders him a friend. >> a disappointment, though? >> pardon me? >> a disappointment not getting reid's endorsement if he considers him a fri

manus: thank you very much for joining us this morning, dan mulhall.a: that will do it for "countdown." up next, "on the move." ♪ manus: good morning. 7:30 in london. i am guy johnson. oil is continuing to rise. that is definitely the story of the last 48 hours. as the narrative really changed that much? correlations between oil and equities are breaking down. we will talk about that a little bit later on the program. the fed is very much in focus, the minutes from last night reflect the narrative we have had out over the last few days. even from yellen, to be honest. it will be interesting to see where the dot plots go next and what happens with the dollar.

manus cranny in zurich.dhen you look europe and around the world and look at some of these european banks, usb, sure they took the pain earlier, but today there is a clear decline. ubs is meant ot to be the darlig of this space. john: we have just started to see the beginning of the three ay.four act pl we are talking about volatility. it is not going away. we have heard about people doing, hiring, freezing. barclays, credit suisse, ubs. this is sort of the beginning of a play which is going to see the european banks having to sort of cut to the chase and become more disciplined. been impressive in his early days saying barclays has to be more focused. and stuart gulliver has been very clear about which 0-- goinggeographies they are to concentrate on. wissnot surprised the two si banks have not become more aggressive about rationalizing their two pronged strategies. francine: how do you explain this underlying volatilities? liquidity or china concerns or elections? john: lack of liquidity is not new. my chai

manus: absolutely can. the rest of asia, do you expect retaliatory moves by the other asian central banks? boris: i don't think so. i think that was a japanese situation. fors: we wish you well 2016. thank you for joining us this morning. back to you. they have record assets under management. the dividend is up as you told balanceing about the and the ability to do more things, looking for his next elephant. not quite sure where that elephant is going to be. back to you. anna: thank you very much. also talking about how it is a new world for investors, this negative rates environment. we will see how the japanese moves continue to be received by investors. we will take a break. "on the move" is up next. let's check out the futures and tell you where we expect to open. the asian session, a little bit mixed. we had some gains in japan and weakness in china. i will see you again tomorrow. ♪ guy: welcome to "on the move." we are counting you down to the european open. negative rates. what is happening out in ja

manus: switzerland doesn't go anywhere negative.hen you get to the capitulation point, where is it? on our poll is that switzerland will go to negative one. they are lending the money to the clients. sell like he was ready to slap it on to the clients can we talk what china, it is a key story. --many ways, what he is done a quarter of assets arrived there. try and at least engage with the clients. try to manage their risks. it doesn't bring it through in terms of transactions. it does bring it through in terms of engagement. when i said to him do you think everyone else is going to jump on you? about the japanese going into more negative rates? are you going to see the rest of asia join in echo he said no -- join in? he said no. they've got a new dividend policy. they upped the dividend by 10%. francine: great interview. manus cranny there here let's introduce our guest. he is patrick armstrong. $2 billion in assets. kathy, great to have you on the program. are you uneasy about -- patrick, great to have you on the program or it you

let's talk about it with the man who broke the news cnn political reporter manu raju. also with us for analysis paul callan will be with us in a minute. and constitutional attorney paige paid. manu this comes at an interesting time. a day when the gloves came off in the fight. mitch mcconnell said there won't be a hearing, he will not meet with any nominee until the mex president takes office. how did this happen. >> sandoval is a former federal judge. he is popular in his home state of nevada. he had been viewed as a possible supreme court nominee for a while. but it's unclear how seriously he is being considered. he stopped by harry reid's office, the senate minority leader a nevada democrat on monday, and the two actually discussed the issue of being vetted. that was part of their discussion. i had a chance to talk to harry reid about brian sandoval just a while ago and he had some interesting things to say about the prospects of him as a nominee for the supreme court. >> he has been mentioned as a possible supreme court justice. do you think -- >> well i don't pick

with me now is chris freights, and manu raju. let's start with manu.e us the latest reaction to president obama not attending the funeral. >> reporter: you're hearing a fair amount of criticism from the republican side, but a lot of democrats puzzled. they are questioning why give republicans more fodder as we head into the battle. the white house press secretary was asked about it and he gave us a little bit of a sense of what the president was going to do this weekend. >> i don't have a sense of what the president's plans are for saturday. the president, obviously, believes it's important for the institution of the presidency to pay his respects to somebody who dedicated three decades of his life to the institution of the supreme court. it will be an important moment. we'll have some more details for you at about the president's plans for friday and saturday. >> reporter: now, after the funeral arrangements and funeral concluded for justice slcalia, we'll head into the fight. what we've learned over the last several days is it looks increasingly unli

back to you. >> manu, thanks for that. scalia's death thrust the issue of supreme court nomination into the heart of the presidential race. just hours before republicans took the stage to debate in south carolina, who would get to choose scalia's replacement and when was the first topic. the one of the more heated. >> i think it is up to mitch mcconnell to stop it. it is called delay, delay, delay. >> there should be consensus orientati orientation. >> the next president will appoint four supreme court justices. if donald trump is president, he will appoint liberals. if donald trump is president, your second amendment will go away. you know how i know that? >> i'm going to turn this car around. >> ted cruz, with your brother, wanted john roberts to be on the united states supreme court. they both pushed him. he twice approved obamacare. >> marco rubio also having his say on the supreme court issue on a night he hopes to put that new hampshire debate performance behind him. cnn's phil mattingly on rubio's efforts to regain

manu r manu raju, four different american presidents. manu, if i could begin with you, saying the president will not rush, to nominate someone, but the recess is really just a little more than a week away. the president has said that he will nominate someone this year. i just wonder, looking at this politics from where you sit, president nominating someone, is there any chance that he could get that nominee past the senate, picking someone fairly middle of the road, sheree voisin, got by partisan in the house. >> there is always a chance, jim. i'm just not sure how much of a chance at this point. when you look at the senate republican conference, it's really divided into several camps. folks who are dead set against any nominee whatsoever. those folks will not support anyone. but then you have some moderate whose are uncertain whether they'll get behind anyone. then you have real endangered blue state republicans in tough races. those folks, if they put -- they feel a lot of heat back home, and they put pressure on senator mcconnell to h

manu was talking about that. >> is it a huge gamble? donald trump went into iowa as the heavy favorite. we see what happened. he can't necessarily take it for granted here because the polling shows him out front. >> he hasn't. this past week did he step up the number of events. his campaign structure here in new hampshire is much bigger, deeper than it was in iowa. he spent more time here than he has in iowa. he's not taking anything for granted. you're right. >> paul steinhauser, thanks so much. >>> tomorrow morning we have a special commercial-free edition of cnn state of the union. jake tapper will be live here in new hampshire and will talk to donald trump, john kasich, chris christie and hillary clinton and bernie sanders. >>> coming up, bernie sanders' press secretary joining me live to talk about his strategy in these final few days in new hampshire. the polling shows him way out front. plus i'm talking to you about the down that has 100% voter turnout. it's been that way for 46 years. we'll be right back with the journey to this

manu raji joining us now. a lot of people guessing what's going to go on the democratic and republican side. we've seen the polls, what the polls show. the polls may or may not be accurate. >> reporter: that's right. the big question, wolf, about 30% of new hampshire voters, according to the same polls, are undecided. when i spent a lot of time at the republican events in, it voters are deciding who -- events in particular, voters are deciding who and debating whether or not to vote in the democratic primary versus republican primary. can go either way. one thing that it does seem is that donald trump is the clear favorite going into tonight. how much will he win by if he does end up winning is going to be a big question. and another huge question going into tonight, who will become second, third, and fourth. that is really a muddle now. the polls are all over the map. and we know whoever gets in that second, third, and fourth place position, it's important for two reasons. one, the state awards delegates prop

guy: manus cranny out of europe. a big week for swiss franc's -- swift banks. -- swiss banks.ea was that ubs had right business model and was moving into matt -- into asset management. it is turning out to be a much tougher business. what you do with that as an investor when you look at the banking sector? view, weur point of can see specialist asset managers. in places like italy we have a very entrenched savings habit. asset managers there -- investment -- an bank. if you're looking to get your exposure to asset management, it is good to go into the specialist. jonathon: how competitive will that get? ubs had it its own way for a while. everyone wants to come back for from the more costly experience. how competitive will that get in terms of wealth management? >> you have to innovate the products you offer. we brought the offering that we have. we have a lot of active extensions rather than relying on one business. you have to be very innovative and you have to offer stuff that is attractive to people. jonathon: in terms of regulation, ubs, they raise a lot of capital. they

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and manu raju, senior political correspondent for cnn. announcer: award-winning reporting and analysis, covering history as it happens, from our nation's capital. this is "washington week with gwen ifill. corporate funding for "washington week" is provided y -- >> we're committed to strong. we're committed to sure. we're committed to smart and light, secure and bold. in a world of enduring needs, the men and women of boeing are proud to build and deliver critical capabilities for those who serve and protect our nation and its allies and that's an enduring commitment. >> thousands of people came out today to run the race for retirement, so we asked them, are you completely prepared for pre -- retirement? ok. mostly prepared? could you say -- save 1% more of your income? it doesn't sound like much, but saving an additional 1% now could make a big difference over time. >> i'm going to be even better about saving. >> you can do if. it helps in the long r. >> prudential. >> additional funding is provide the by newman's own foundation, donating

manus: they got rid of their toxic assets day one, didn't they? edward: it happened fast.frank passed in 2010, started to impose, implement rules and regs. they have gotten back to business. universal bank seems to be alive and well in the u.s. look at j.p. morgan chase's record earnings last year. jonathan: it is really good news in banking. >> i think the good news is that is hard to see it getting worse. bill: a lot of the reality about banks is known. it is the fact that we have contagion risks to come. we have a ridiculous situation where banks are having to pay to deposit money with the ecb, and the result of that is they will charge more to lend to their customers which suggests the , amount of customers borrowing and already depressed europe. so we will see mpl's already higher than they should be and will get worse. we have the potential shop -- potential shock coming in from market events. i go along about these weapons of financial mass destruction, the at1 bonds. i think there is a good chance we will see other cocoa bonds. that will generate a wave of negativi

manu? >> john, we've been talking so much about the so-called establishment candidate in the republican race. and what better way to be the establishment candidate than get enforce am thes from members of congress. right now there's an intense effort by rubio's campaign and jeb bush's campaign to get support from members of congress behind the scenes. have their surrogates reach out to the members who are considering going one way or the other. and one person who's on both campaigns' mind is tom codden, the arkansas senator. he's withheld his endorsement so far. he waited till huckabee got out of the race. and now he's seen as what would be a big prize for whoever he decides to choose. he may even decide to choose trump. who knows? all of this really points to how important south carolina is. because when south carolina comes and if jeb bush does better than marco rubio or vice versa, then you'll see a wave of support potentially from members of congress and it will really show the party st

josh: manus --matt: manus, great coverage. i wanted to do, stephanie with breaking news.isie: camps try getting ready to buy syngenta for a record $43 billion. that is a big number. more details on that throughout the hour. already, we are seeing a pop. this is an area where m&a has been hot, clearly getting hotter. but the magnitude of this. josh: amazing. i think if you look at one of the four or five disruptors, it is this m&a. what we see as china putting cash into assets in the u.s.. whether it's the waldorf, whether it is a higher buying ge appliance, i think we're going to continue to see that 2016. >> we are also seeing the secondary and tertiary effects of oil. we see the other chemical giants try to take it manage of a very different energy environment that existed a few years ago. stephanie: if you are the entity with a massive balance sheet in cash, this is the perfect time to be in that scenario. >> there's never been m&a like there was last year. every ceo was being barraged with incoming ideas, saying this is the moment. if you want to move now, if you don'

manus: they got rid of their toxic assets day one, didn't they? edward: it happened really fast.ook their losses early. dodd-frank passed in 2010, started to impose, implement rules and regs. they have gotten back to business. the universal bank seems to be alive and well in the u.s. look at j.p. morgan chase's record earnings last year. jonathan: it is really good news in banking. >> i think the good news is that is hard to see it getting worse. bill: a lot of the reality about banks is known. it is the fact that we have contagion risks to come. we have a ridiculous situation where banks are having to pay to deposit money with the ecb, and the result of that is they will charge more to lend to their customers, which suggests the amount of customers borrowing in an already depressed europe. so we will see mpl's already higher than they should be and will get worse. we have the potential shock -- coming in from market events. i go along about these weapons of financial mass destruction, the at1 bonds. we will see something occur they are in italy. i think there is a good chance we

back to you, miguel and alison. >> manu, thanks for that.h of scalia, we are joined by goldie taylor. good morning. >> good morning. >> it was hours after we got the news of justice scalia's death and we had the republican debate in south carolina. they were just getting down and dirty. i want to play for you an exchange that happened between ted cruz and donald trump. just to give you a taste of how down and dirty it was. >> i think it is up to mcconnell and everybody else to stop it. it's called delay, delay, delay. >> there should be a consensus orientation on that nomination. >> the next president is going to appoint one, two, three, four supreme court justices. if donald trump is president, he will appoint liberals. if donald trump is president, your second amendment will go away. you know how i know that? this car around.m going to turn- >> ted cruz with your brother, wanted john roberts to be a supreme court member. he twice approved obamacare. good going, men. >> more brawl than debate. how tough will it get? >> it will get tougher.

with us to share their reporting and insights, julie pace, manu raju and jackie kucinich. let's start with the death of antonin scalia and a big political fight that happened within seconds. almost sad that that happened so quickly. this is not just about an election year war of wills. this is about the ideological balance of the supreme court. so many recent decisions have been 5-4, and the conservative majority has won. a democratic president now has a chance to make his third pick and to reshape the court for years. we would have -- it would be the obama court with this. so inside the white house, you spend a lot of time covering the president, they think they're going to move forward, but do they think they can win? do they think they can get the country to force a vote? >> they're going to try. this is going to be the fight of obama's final year in office. i think the other issues have gotten put by the wayside. this came as a surprise. often when you have justices retiring, you get a little advanced notice at the white house. this is as much of a surprise to them as

. >> let's check out manu and see how he's doing. it's still snowing. you and his an interview on this program almost at the exact time friday in which i gave you huge props for a piece you wrote talking about marco rubio sticking to the script on the campaign trail. lots of pros and cons for doing that. other candidates have done very well doing that. it really came back to bite him in the you know what on saturday night. walk me through what's going on after chris christie ravaged him for repeating campaign lines over and over. >> reporter: well, marco rubio has been unapologetic about using those lines. he's been actually staying -- using the same comments on the campaign trail saying this is why i ran, because of my concern that barack obama is changing america. he does not believe this to be a negative. they sent out a fund-raising solicitation today to supporters saying that the media is bashing them, painting themselves as a victim from the press, and they raise good $6 -- raised about $600,000 after that debate on saturday night trying to say it

manus: the japanese have joined the negative world -- how destructive is that to the client? negative of feedback? >> it is a new concept for clients to think that keeping their money with their financial is to should, they be -- with their financial institutions, they need to pay you. well have seen over the last 12 months is that you can engage the client. you can talk to him, try to mitigate that negative interest rate by increased activity. jonathan: boris collardi. james is still with us. double-digit cash at the moment. are they wrong? >> i do believe they are. tactically, how they raise cash while the market was high, that would have been reasonably impressive. strategically, i think equities remain cheap. variances of performing the index by five percentage points today. i think there a chance we have passed the capitulation point. we have that intraday spike down. if we're to get positive forward numbers, we could look back and say that was the bottom. jonathan: on what metric are they cheap? >> they are cheap in terms of premium against bonds. it's my expectation of

>> manu raju, thank you. >>> our final tracking poll before the voting begins has just come out. joining us to break it down is republicans and democrats by the numbers. our chief national correspondent john king. so, clearly donald trump still in the lead, right? more good news for him. >> more good news in the final tracking poll, anderson. the question is going to be, much as we had in iowa, does donald trump underperform or overperform his polls. trump in our final tracking poll is at 31%. that's up three. tracking polls, some people say they are not so reliable. you want to look at the trend line. trump is at 31% and 17% for rubio and ted cruz at 14 and kasich at 10 and bush at 7. the trend for donald trump is good. he's up three points over the past four days. the rubio campaign putting out our poll numbers today, distributing them to donors saying it's flat lined. that was encouraging news for the rubio campaign. senator cruz up a point. essentially flat at 14%, running third after winning iowa. the cruz campaign would be thrilled to come in third in new hampshire. what do

our senior political reporter manu raju is live also, and a arian a devogue. >> it could be any timehis term. this is president's day. presidents get four year terms. it's totally within his rights and some would say his only dpagss to go ahead and put up a nominee. the question is just what republicans on capitol hill are going to do with that since they control the senate. >> well, i'll pose that question to manu. republicans are likely to block any nominee and they can delay if they want to because they control the senate. >> absolutely. that's what mitch mcconnell signalled on saturday. he stated the next president should nominate the replacement, but he did not say that he would deny a vote at all costs. that's still a question. it's unlikely a vote will happen. he's not explicitly said so. the senate judiciary committee would have the first crack at taking up the nomination, and the chairman of that committee, said the next president should nominate the next supreme justice, but he has not said if he would not hold any hearings or whether there would be a vote in the committee.

manu is there. what are you hearing on the ground, manu?se marco rubio, similar to ted cruz, gave a very solid victory speech tonight. >> reporter: yeah, it was really remarkable. it really was a sense of excitement in this room, kate, because marco rubio did outperform expectations. when we saw all the polls this week, it looked like he was in third place, certainly maybe 13%, but they did not expect to do this well until the last couple days. the case for the rubio campaign going forward is this, it's almost like a game of "survivor." they want to actually survive each primary and hope that someone else is voted off the island. and today that person who was voted off the island was jeb bush. that was a huge development for marco rubio going forward, because not only do they compete for similar donors and also similar supporters, but also, jeb bush's super pac, remember, has spent millions of dollars on the air attacking marco rubio in all the early primary states. and now that super pac is gone. so, that could be a huge benefit for marco

joining me senior reporter manu raji. manu, you've been out with the republicans. what do you see? a race that sort of donald trump is holding steady at the top but the race is really for second, third, and fourth place. i mean when you look at the field, it's sort of broken up into two tiers. you have trump, cruz, and rubio at the top. they're almost certainly going to be in a decent position going into south carolina. the second is going what's going to happen to the other candidates, john kasich, jeb bush, and chris christie. chris christie for sure. if you're chris christie, you're getting very nervous. if he ends up at 4%, i can't see how he could continue on to south carolina. but jeb bush needs to be close to marco rubio in order to continue his race into south carolina. now, john, i was out with jeb bush yesterday. he made it very clear he's going to continue on to south carolina. he made no bones about it. he really need doswell. he really pleaded with voters and said this is a state who needs to reset the race. he's clearly pushing very hard. one of the things the guys ar

two years ago, a tip led investigators to manus's home. the state crime lab, before this arrest he had only one careless driving violation. >> we know two officers who start shooting at a home over the weekend were at the wrong house. domestic disturbance call. police say the caller wasn't exactly sure where she was at the time. officers ended up at another house a mile away or so. detectives say when the officers arrived to the scene, a homeowner had a gun so they started shooting. no oning was injured but officers are on paid leave while the fdle investigate. >> a campus is one step closer to reality. orlando city leaders approved plans to basically provide millions of dollars for the project. the vision is to build the campus and the so-called so-called creative village. the location could serve up to 10,000 students. the agreement says the city will provide $75 million for the problth, covering everything from deland to road improvements and parking. however, this is all dependent on the board of governors approving the campus and part

. >> joining us on the phone is manu. you were with the rubio campaign last night. you will be with the rubio event this morning. when you look at the numbers this morning, rubio at 23% behind donald trump. they must be elated in the rubio camp this morning. >> reporter: absolutely. they actually were not anticipating having results that high. you look at the polls last week and "the des moines register" poll from saturday. anything higher than 15% would be viewed as a victory for them and let alone to be nipping at the heels of donald trump and over 20% is a huge deal for them. they will make the case previous i aggressively now that they are the one candidate that can poll voters and establishment into their camp. the fight in new hampshire shifts of who could be the alternative to donald trump and ted cruz. marco rubio is the only one who could take them on. he is the only viable alternative and he has to worry about more moderates like jeb bush and chris christie and john kasich who are aggressively fighting for that lane as well. if he does better than them, he

. >> jeb bush has an event where you, manu. >> let me read you what donald trump wrote. jeb bush whose campaign is a total disaster had to bring in mommy to take a slap at me. not nice. donald trump talking about the fact jeb bush brought in barbara bush to campaign. she doesn't mince words. manu, thanks to you. carly fiorina getting ready to speak at any moment not too far from here. the issue there, carly will not be part of the debate tonight. let's talk about the state of play. executive editor for cnn politics. that debate tonight, this really is a pivot point in this campaign. just three days to go with so many new hampshire voters who decide late. >> across the board, donald trump needs to have a solid performance. he needs to be careful and not get so personal and go after jeb bush as he did. >> saying wow, he brought in mommy. >> not nice. he will have a solid performance. marco rubio, there is an expectations game on him. he's done well in polls. it's kasich, christi and jeb bush. there is only one ticket, one lane for them to come out of new hampshire. >> do t

why not give it to brandon manus - yeah.... e kicker! kind of wanted tbe in the spotlight and have theame comeown to me so iont know if i was destined r this potion but i definitely welcome it with open arms the big leg for the broncos s saved the offense bacomore mes thane can remember racking upore poin than yton manning at mile high thisseas kily i hard peyton say t other day that maybe you know me btton the holr and the aaron the snapper were our best ofnsive ays so that was a prettyigcompliment simpl enough job right wrong... mcmanus knows the harsh reality of being a kicker in the nfl - the cklash is metimes worse the action itself. yeah i dont know how many people want to be in our shoes, its just.. seeing the backlash on balir walsh and ev steven last week... to him are just blasphemous to me so give up for the kicker - may be kicking the game winner on sunday im jt trying to help the team win anput points on the bod and uhur offense may not n bute still need to put points on the bo now we all know the ofs stled lot thiseat the o

. >> joining me now is cnn senior political reporter manu raju.nate minority leader harry reid of nevada. what did he say about the possibility of sandoval being the nominee? >> reid and sandoval have a long and complicated relationship. sandoval later ran for governor and defeated reid's son in the 2010 elections. sandoval was heavily courted by republicans to run in 2016 for the senate seat that reid now holds. but sandoval declined. reid said it would be smart for them to give sandoval a lifetime position on the supreme court. you met with sandoval. he's been mentioned as a possible supreme court justice. do you think he'd be a good supreme court justice? >> i don't pick the justices but i know if he were picked, i would support the man. he's a good person. has a great record and he's been a tremendously good governor. in spite of having to deal with some very big problems there. >> do you advise the white house to pick a moderate republican who could divide the republican party or pick a progressive that could fire up the liberal base? >> i'd