russia is an interesting story s&p and moody's are looking to upgrade them to investment grade probably sometime in the next few months there will be a race there many investors will focus on the likes of gazprom or some oil names out there. but this is depends on the oil price. i can't forecast the oil price i don't think anybody really can. >> real leave it there thank you very much. that was simon evans >>> coming up, the leader of germany's center left spd is no longer the leader, he resigned as the party is divided over joining the coalition government we'll discuss that after this break. jimmy's gotten used to his whole room smelling like sweaty odors. yup, he's gone noseblind. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again and again and maybe just one more time. indulge in irresistible freshness. febreze

moody's says the u.s.'s long-term aaa rating could face downward pressure due to slowing national debt and whiting budget doesn't visit -- deficit. this will a road the u.s.'s fiscal position without further cost reduction measures. this comes as a two-year budget agreement was signed to raise federal spending by $300 billion. leanne air john paulson is moving his hedge fund to the steinway offices later this year. aulson shocked the family decade ago with the bet that the housing market would collapse. his firm has seen assets and had quote -- headcount lindell this year. purchased steinway in 2013. that is your business flash update. trump may havet signed his two-year budget bill, ending a brief shutdown, but what next? the council of economic advisers ways in. this is bloomberg. ♪ from bloomberg world headquarters in midtown manhattan, this is bloomberg markets. i'm scarlet fu. when we look at where stocks are trading with 90 minutes left to go in the session, we can see the indexes have gone right back

s book tv. tpwh >> mark is back with us. . he served at chief economist at moody's analytics and is helpful in answering our questions about the state of economy. credit the end of last year, you wrote a column for the philadelphia inquirer at the end of last year, you said these are good economic times. guest: i think the correction in the stock market, at least so a typical garden-variety correction in the equity markets. we see that once or twice a year. longer thane bit normal. the last correction was over two years ago but this feels very typical to me. decline, the price prices are just back to where they were at the end of last year and beginning of this so no big deal, at least so far. host: what are your criteria for good economic times? guest: i think what matters most to most people's jobs. and recruiting lots of jobs, created a couple of million last year, about the same as the year before and the year before that. the american economy has been a job machine since the economic recovery began almost nine years ago. when you are creating 2 million jobs per

s&p global ratings for moody has posted warnings about gibson's ability to pay back creditors.nterested and they hope to make an announcement comes bring. -- come spring. haslinda: did you know that it is valentine's day? i know that you know because you are a romantic at heart, rate? -- right? david: i know now. that is it. [laughter] haslinda: i want to bring this chart up. ok? if you are wondering what to buy your valentine today, it could just be chocolate. when you take a look at where cocoa is now, prices have gone south, prices down, but having said that they are still at historical highs. take a look at the chart. i mean, you will pay a premium for chocolate despite the prices having gone down. david: everything is at a premium during valentine's day. take a look a hong kong and how much they charge you for dinner. the other thing we want to bring up, since we are doing romantic charts, the bloomberg wine and cheese index. so this index actually, just to be nonromantic, it tracks wine and cheese producers, i would call this making love more expensive since 2009. that is

then, moody's analytics chief economist talks about stock market volatility, the gop tax cut, and rising deficits. and we are live in little rock arkansas for the next stop on the c-span bus 50's capitals tour. c-span live ath 7:00 this morning. join the discussion. >> next a look at efforts to lower the cost of prescription -- prescription drugs. this is 35 minutes. >> "washington journal" continues. host: each week, we look at the money and n of your federal policy and this week we're joined by david mitchell, founder of d patients for affordable drugs. prescription drug prices. what is chell, first, your group? guest: what is your group? guest: patients for affordable drugs, we are the only national patient organization focused exclusively on lower drug prices. take monfreany organization, profit from development or distribution of prescription drugs. speak for patients, 50, last, always. ost: you are a patient yourself? guest: yeah. about seven years ago, i was incurable ith an multiple er policies to called myelomatis incurable, but it is expensive with very drugs. retail price $450,000, so this of having a cancer to deal ough, having with expensive drugs brought me chall

then, moody's analytics chief economist talks about stock market volatility, the gop tax cut, and rising deficits. and we are live in little rock arkansas for the next stop on the c-span bus 50'sitals tour. c-span live ath 7:00 this morning. join the discussion. >> next a look at efforts to lower the cost of prescription -- prescription drugs. this is 35 minutes. >> "washington journal"

after the financial crisis mid grade moody's yield went from 4.7 beginning of the year, 4.1 now, spreads widen as they widen, put a 5% rate on earnings, you find the s, despite strong earnings because of the large change, change in baa yield off sets change in earnings. it is num rater denominated. >> bottom line choices where you want your return, what risk you're willing to bear as we look forward guys, thanks so much >> thanks. >>> let's send it to john ford, see what's coming up on "squawk alley. >> stocks off their highs, netflix coughing up big bucks to snag ryan murphy from fox. is this going to work for the b business model we dig into that on "squawk alley. your brain changes as you get older. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. and the nx hybrid with a class beating 31 mpg combined estimate. lease the 2018 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. you know what's not awesome? gig-speed internet. experience amazing when only certain people can get

s&p report was flawed. unfortunately they reported that last week when we were in a blackout before they had all the information today. what would have made them feel more comfortable and moody'sle about it is our operating cash flows were a record 1.7 billion, up 50% nearly for the first half. we announced today that we are for jetstar, new investment in lounges, recruiting of pilots come and we believe given the performance of the company today, there are plenty of operating cash flows to return the investment to shareholders, including project sunrise, including the retirement of the 747s, and to continue to invest in our employees with training and infrastructure. report was that flawed because it was too early to show what qantas is doing. >> looking through that report, now that you are out of that blackout, you can go more in detail, but the s&p saying the average age of a qantas airplane is about 10 years, which is older than singapore airlines and almost double the age of emirates. they are saying that time is now to invest even more money into your aging fleet before the costs become too much to replenish that fleet. that wasthink again incorrect. one of the reasons