mr. draghi please -- could i ask you please -- mr. draghi please may i just say something. i would ask you to show respect for the chair. i gave you a little extra time. you were disrespectful to mr. draghi however you disagree with him let him finish the point -- please let him finish the point. there are many mr. speakers to come. >> the worst thing is how disgracefully empty the european parliament is but i do love draghi standing his ground. great, opinionated. >> he should be. you have to hold ground based on the decisions you make. you have to fiercely defend them. >> i enjoyed that. >> on a lighter moet if you will could this be as useful as a chocolate teapot? kfc is rolling out a new taste sensation to go with your morning cup of coffee. that's right. an edible cup. it's made from a waver wrapped in sugar paper and coated in white chocolate. they're calling it the scoffe cup. it's set to launch in conjunction with the debut of seattle's best coffee in it's restaurants later this year but no plans for a u.s. launch at this time. are you going to buy one? >> i am. th

mr. draghi at the european central bank is set to make a key speech today. greece appears to be settling down as an issue. but i think there will be some focus on what mr. draghi has to say and whether europe can finally start joining the united states economy as an engine of growth for the planet. we'll have to wait and watch on that one. back to you. >> all right. thanks so much geoff. greatly appreciate it. >>> and still ahead on "way too early," game on in chicago after mayor rahm emanuel fails to get enough votes to avoid a runoff. how something that never happened before in the windy city happened last night. >>> plus taylor swift shows her love for the big apple in a big, big way. what the pop star has done for kids in new york city. >>> and speaking of which check out these pictures of the hudson river. manhattan encased in ice as the south braces for even more snow. bill karins is here with the latest on the winter's wrath, straight ahead. >>> the incoming scud or the debris from it wrecked a two-story building that was housing u.s. soldiers setting

mr. draghi and just before he was due to meet with german finance minister wolfgang schauble. it is very dangerous territory here politically, in terms of changing the rules of the game. let's face it, the greek finance minister has essentially said he wants to negotiate in good faith with eu leaders and its creditors. the rhetoric so far has been fairly -- been fairly calm and considered. this action by the ecb sort of shatters that consensus. it brings short-term borrowing up to levels near 20%. >> what sort of state are the greek banks in? are they just taking on the weak point of the economy with this action by the ecb? >> i think what mr. varoufakis said a couple days ago that greece is essentially insolvent is not far from the truth. greek banks are reliant on funding from the european central bank. i think the ecb is trying to focus minds. the problem is that is not the ecb's job. the ecb is there to keep the money flowing while politicians sort out the final the -- finer details of any renegotiation package. we have quite a few days left until this bailout package expi

mr. draghi has outlined how the ecb supports the euro area.is going on to say it won't be business as usual in greece. that's going to be quite an explicit meeting, i imagine. >> i would like to be a fly on the wall. we are going to take a break. ♪ >> let's get to today's top stories. target of predicting a record profit of $18 billion for the year. it exceeds the combined estimated profits at volkswagen and general motors. >> a shareholder called it a very good bank. the u.k. lender shares jumped as much as 5% in hong kong. standard chartered is eliminating thousands of jobs. s&p cut the bank's credit rating to a minus. >> organic sales of goods advanced 4% in the fourth quarter, driven by demand for new limited edition handbags. wine and spirits sales also showed signs of a pickup. >> for our viewers, a second hour of "the pulse." what have we got for you? >> we will be talking about hacking, productivity, and jobs growth. follow us on twitter. we are back in two. ♪ >> doing a deal with mario draghi. did the greek prime minister get the cent

mr. draghi's quantitative easing has helped but also the start of process for greece yesterday.has helped also. the movement is downward but the movement is downward. >> how concerned are you about that? if you look at what q.e. is doing and inflation expectations, it seems that a check on the markets or the checks from the markets on politicians, on deals -- because actually even when we were at crunch time for greece and i wasn't sure whether we had an agreement, yields were still very low. >> we're into an undepreptsed space i think. i say ms. yellen this morning said u.s. interest rates won't rise in the next six months or so. that is downward pressure again. so, you know europe has gone through a very bad period. almost eight years of recession. you just can't stand back and do nothing. you rely on whatever instruments you have and one of them is to try to increase liquidity in europe because that liquidity is certainly one of the problems which was keeping european growth rates slow. i have been calling for quantitative easing for over two years. it certainly suits the iri

mr. draghi. >> it doesn't matter what they say and do. they can't avoid the numbers.ece has spent too much money and is borrowing a lot of money. it's going to have to pay a lot back. how's the new plan going to work? >> one of the ideas is that they would like to see them -- greece would like to see its debt tied to growth. in other words, not tied to austerity. so this is one of the ideas that's been coming around a lot of -- a lot of radical pears or left wing right wing parrots that are anti-austerity. they say we will pay back the debt, but only when we see growth. link it to growth which there is of course, absolutely none in the ears. said don't make us pay -- in the eurozone. said don't make us pay it back by privatizing, making thing harder for citizens. let us grow, try to grow and we'll pay you back for that growth. it's not an idea that has taken hold in places like germany and finland. this is what greece is trying to do. you might see spain and ireland and portugal and say, we'll like that as well. >> if that growth is going to take such a long time, whe

mr. draghi. i suspect that mr.chaeuble will be very friendly with him and we won't get the press conference we had last friday. i think when it comes to the matter of things, the positions are clear. greece, any kind of aid will come with strings attached. if greece rejects the strings, we are going to look at some sort of abyss. guy: what do you think is in the germans' heads right now? if we give greece any wiggle room, if we allow them some advantage, how does that play with the rest of the peripheral countries? if they are praying -- playing the russia card, you are thinking, do i like some of this? do i like some of these bonds? this sounds like a good idea. is this something that germany is prepared to roll out across the rest of the eurozone? >> there is an election in hamburg on the 15th of february. any conciliatory signal that schaeuble or merkel sends will lead to a higher vote share for alternative for deutschland. don't expect much conciliatory noise from germany in the public domain. behind the scenes

mr. draghi.he question is are these splits , if there is a split between the eu and finance ministers, will this drive negotiations and allow the greeks to sort of play the europeans off each other and find some sort of way to have a bidding war and more favorable terms? >> hans nichols with the very latest from berlin. we are trying to get to the bottom of what was in the document and if it was split. >> it will be interesting to see how it is played out. holland is playing an interesting part. the greek bailout, the company itself faces a credit crunch. it could see him run out of money by the end of march. let's get more of that angle and to our athens bureau chief. walk us through where we are. the timeline is becoming increasingly tight. talk to us about what is happening on liquidity and equity front. >> well after last year, the banks and the state have obviously lost market access. there only such party, the bailout as well as assistants from extended by the bank of greece. and that the c

mr. draghi. the qe was already in the price of these bonds so maybe we could experience another very small tightening of the spreads but we didn't have so much to make. on the other side the greek election could have lead to a surprise. so you have a very small expectation of gain and a very large spread widening probability. >> when looking at this drop this further drop that we have seen in german yields versus japanese yields those are the lowest seen on record what is that telling you? some might speculate we're heading toward more of a japan japanification of europe and others might say it has to do with the quantitative easing. >> yeah it's so huge that the german bond can continue to fall and now we cannot speak anymore about the japaneseation of the bond. yields can go to almost zero. that's why we think that strategy, that globally speaking we're more bullish on the u.s. yields rather than european yields. >> but there's investors sal evacuating at the yields when looking at the greek bo

mr. draghi? >> he's done a great job. i'm not just making a political statement.t saying that the eurozone numbers are testing that there's something good happening. and it's happening at a time when few people saw it happening. when you talk to an ibm, they're not seeing it. but when you talk to networking companies, they're seeing it. when you talk to auto companies they're beginning to see it. dnf corp. say big provider. so you have to go with who told you things were better. >> sure. >> and if they're telling you things are better i see it from the wall street side it's just not working. >> finally, come back to greece quickly. every day, it's closer it's not closer. what will the impact be if this thing keeps lingering or if in fact they still keep giving them the stiff arm and say, no we're not going to do your deal. >> as the economy gets better over there it becomes more of an asterisk. growth doesn't cure all of it. growth makes it whatever happens is more palatable. the background or growth of "gameday" gdp makes it an easy issue. >> many would argue --