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it is heating up between vladimir putin and petro poroshenko.kraine over a $3 billion bond default. poroshenko wants russia to pay $53 billion. that is of a prudent -- over -- that is over putin's annexation of crimea. global news 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. tom: francine really gets rattled, as you just saw her live on the air consider a 1.38 sterling. let's look at it. 1.45 and the move down. to move down the inflammatory language on "surveillance." nevertheless, this 1.40 level, the dissent here. to our single best chart. we got a huge response on this in the last 24 hours. this is sterling back a gazillion years. daragh maher with us from hsbc. down we go two standard deviations. the belief of many shops that we can migrate to a 1.30 the first circle or even a little bit of job owning to a 1.20. let's start with the hsbc call. ieve we could fall below two standard deviations? daragh: absolutely. if we get a brexit story, we're talking 1.10, 1.15. tom: overlay that with the euro

take a look at petro china down 5%.g asia bc as it nears a decision to keep its headquarters in london or bring them back here to the fragrant harbor. today, youocal store heard about the riots that took place earlier. or the bloody riot in hong kong, it doesn't necessarily present a good picture of tourism. we are seeing an impact today to retail, travel, and leisure share. a major jeweler side big decline in its sales. maye is concern that some delay their trip because of the riots in hong kong. that is not a usual occurrence. manus: thank you very much. the theme ofe to the past 24 hours. janet yellen the knowledge market volatility may delay rate hikes. but she insisted it would not force her to abandon them. take a listen. economiclen: conditions believe all than a manner that will warrant only gradual increases in the federal fund. committeen, the expects the federal funds rate is likely to remain for some time. that are levels expected to prevail in the longer run. financial conditions in the united states have r

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a state company, a state oil company whose pipeline burst and oil spilled into this river, called petroeru. now, the government has declared a state of emergency here it said that they can't use the river. it's trying to sort out medical attention for people who need it. this isn't the first time that this has happened 20 spills in the last 5 years have been registered. so in this latest one, the short-term solutions are currently kicking off. many people say a little bit late but the long-term solutions for these people whose diet, whose food spline and whose environment may have been severely affected won't be known for quite awhile yet. >> shipping containers rarely grab anyone's attention but they are being transformed into street art. checking them out in new delhi. >> playing on the idea that art takes people to places where they have never been before, a container terminal is turned into a gallery. 1 on 00 metal boxes are given a colorful makeover to lur the curious and transport them to another world. >> a bit of mexico. i won't represent my roots. >> fair organizers collaborate

petro china up 6% today for the hong kong session. anna: thank you very much. theking show numbers. >> adjusted profit coming smack with in line with estimations. the estimate was 1.8, that's where they are, you compare that to bp which their profit you are from 91%. about 45%.rop of there actually outperform but it comes to how much money they didn't make on the back of that declining oil price. also get in the quarter was $3 billion. everybody wanted to see the dividend there. we were talking about a program earlier they introduced a script program in the first quarter of last year. that will be in place until 2017. that is assuming that the oil price it's about $60 a barrel by then. we are expected to report a dividend of $.47 a share for the first quarter. the devil is in the details and the comments from -- that is what we will be looking for. the gearing at 14% we just got the top of the terminal. 20% will shoot up to about as soon as they completed that .eal to acquire bg they will need to borrow some money to pull that off. even 20% is far below what to

today.pany rallying petro china, a nice move. we will watch that very closely. australia, the latest jobless numbers, 7000, i believe. numbers for commodity related shares. mining is not doing terribly well today. nikkei 225across the .n tokyo, a 2% advance bridgestone, take a look at this, the tire maker down by 3%. day of, we have a nice gains setting up as we are one day away from the end of this week. quite a turnaround from a week ago. essentially decisive twist in the #get -- in the sharp saga. i cannot really say i am surprised. japan is not really known for being open to overseas investors. what is going on here? >> according to our sources, two of sharp's directors supporting foxconn's bid may be excluded from the voting because of a conflict of interest. they work for japan industrial solutions, a private equity firm that owns preferred shares in sharp. to make things even more complicated, the plan is calling for converting the shares to common stock and the stocklation of referred -- preferred stock. excluding two foxconn supporters from a vote that

police say scott petro nearly hit and killed two people in a crash on valentine's day. a state trooper was nearby and later. the victims were high school sweethearts horn on a date when they were hit. >> went to go look up because i heard the screeching of tires and all of sudden, we you flew forward. >> reporter: police say that he had a warrant out for his arrest and did not have a valid driver's license. he told police he had driven without a license for years and that, quote, he didn't care. >>> fox25 investigates recently found that 29,000 drivers in massachusetts had at least three oui conviction pops see our investigation into the state's worst offenders, go to myfoxboston.com and click on fox25 investigates under the news tab. >>> we track traffic and weather together every ten minutes. here is look at your live drive times but do not be fooled by them. pike eastbound from 49 to mass avenue, but i would budget closer to 40 minutes, maybe up to an hour because the roads -- the conditions out there are a real problem. shiri joins us with more. >> shiri: that's rig

states. >> what is your favorite petro state?youcine: is there one that like as a best investment two years from now? arnab: saudi has started to do some structural reforms. in the immediate future, under the pressure of collapsing oil prices and the hit from sanctions, russian authorities have been producing, while deleveraging that the russian firms have been engaged in. structurally, they are not doing anything to improve long-term growth prospects, but in terms of the balances, it is a better story. much.hank you so great briefing to get us started. mr. das is with invesco. coming up, a conversation with the president of the council on foreign relations. we have the conversation with richard haass about the foreign nation known as iowa. we will also speak with carl weinberg, his terrific research note. he has been way out front on the challenges of asia. stay with us. another hour of "bloomberg surveillance." ♪ ♪ tom: this morning, new lower interest rates. it is currency, our interest rate wars. switzerland -- 15-year govern

. >> vice president biden has talked with president petro poroshenko to talk about these imf bailouts, why is that not happening, is there a lot of division inside the ukrainian policpoliceparliament? >> it is a lot of change. >> ukrainiapolls, down in the 2d 30s, ars an yatsenyuk yuck his g likabilities is ricing. >> they have to redo the prosecutors office and all the judges, it is a massive. >> ing i'm very bullish on ukraine, ukraine has a lot of people who are underemployed overeducated and is vastly rich in natural resources. anybody who's investing in ukraine now a country on the border of europe who is not going to be paying eu levies in a long time is investing in a country with a strong upside. don't forget, ukraine has one of the largest militaries in all of europe. it will be a world power for years to come. >> good to have you with us as always. >> thank you, antonio. pakistan's military announced it had foiled a prison break, designed to free the man who killed washington posting reporter andrew,. >> violent conflict with police over pension reforms. sarah mckey shares h

it was not disease or famine or poverty that drove her and her brother, petros, to europe and a new lifes hero, i don't mean everyone, but my brother could explain a little bit more. >> he was a local chief, and also a member of the supreme or the highest court, you can say. during a period, he was engaged in more innovative and experimental and mechanized farm. >> yes. >> during the communist period, something unexpected happened. >> in 1974, emperor selassie was deposed in the very unpleasant general and hardline communist regime called the derg, took over the country. as in china, all agricultural property was taken over by the state and broken up into small parcels. >> everything what my father had, the land, the property, is confiscated, and those with authority, they had the chance to work together, to cooperate, or they were enemies. >> right. >> anyone deemed an enemy of the state, and this could be a very dangerously loose definition, but usually and typically included the educated, the well off, and anyone associated with the former government were hunted down, shunned, jailed,

petro china coming under a lot of pressure. looking at how oil is faring today, down 2% in asian trade. so falling below that $27 a barrel mark. yesterday, the crude price in asian trade down almost 2%. let's see how some of the other markets in the region are faring. the selloff is generally continuing. malaysia in the red, as is new zealand. the korean market getting hit hard as well. it has had a three-day limit our break. and we -- lunar break. and we had a nuclear launch over the weekend. a lot of weakness coming through from another -- a number of other companies. in australia, a little bit of a pickup. entering into bear market territory. rio tinto in focus ahead of its earnings later today. the selloff continuing in hong kong trade in the early session. the hang seng off by almost 4%. quandary formiliar hong kong investors. steve is here with more on this. being a lot of maalox taken for traders in hong kong. rishaad: maalox? stomacht is kind of a thing. china, there is always that concern. you have heard of that countr

petro from the national institute for strategic studies in crain.ho out in protest in kiev and why? first of all, i have to say there are several groups taking part in the protests who are combatants and also members of regular troops. despite serving. first campaign against the minister of interior. another group of the nationalists trying to support the current minister of interior. if you will examine closely how this is, you will see forces are trying to contain other groups. i would say that they are groups are just using the day the second year after the pursuing their own political goals which has no connection. >> certainly is a significant moment, isn't it, two years after the anniversary of the uprising. actually, crain is holding the finals right now. it seem mriingz is taking center stage there. >>> this is the leading contender. it's about the mass deportation of cry me an tartars under stalin and their persecution. can i ask you your thoughts on this song and what it says about people's feelings over there almost two years after crimea

they say 41-year-old scott petro was drunk when he slam into another car. this sixth time he has been arrested for driving under the influence. his license has been suspended for 15 years. he's being held now on 5,000 bail. >> the state's large. medical marijuana facility will have its grand opening today. patriot's care facility in lowell is the fifth registered medical marijuana dispensary in they are set to open location in boston and greenfield later this year. >>> also on 7 a ski tram trapped high in the air and below zero temperaturings. a couple and their baby daughter onboard now they are sharing their story. >> i don't think i will forget this weekend for a long, long time. >>> a family trip takes a terrifying trip when this tram comes to sudden stop. >> this was a spot. forth. lewis were on weekend get away to celebrate mom's birthday and valentine's day. but a minute into their sightseeing tour a cannon mountain in new hampshire something went wrong. an hour later they said i think we will have to do an emergency evacuation. >> they capture the r

certainly in the streets although the mood is chalk, there's a looming fear that the price of petro couldead to the price in public transportation, and even in p the cost of food, and that this in turn in a country that is suffering would lead to a type of upheaval like one we saw more than 25 years ago. >> thank you very much with all the latest. >> pope francis says women threatened by zika virus can use artificial contraception. he made the comments after the tour of mexico. he was also asked his view on donald trump's stance on immigration. the pope said anyone who wants to bill a border wall is not a christian. up from has called that remarkable disgraceful. >> as the end of the day, a human being is a political animal. i will leave that up to your judgement, but a person who only thinks about making walls again and again, and not making bridges is not a christian. the pope is being told that toon is not a nice person, i am a very nice person. something to the official that maybe donald trump isn't christian. i was surprised, but i am a christian. for a religious leader to question a

state company, a state oil company whose pipeline burst and whose oil spilled into this river called petrou and now the government has declared a state of emergency here trying to sort out medical attention for people who need it. this isn't the first time that this has happened. 20 spills in the last five years have been registered. in this latest one shorts term slooufrpingsz are kicking out, many sayolutions are kicking ou s say. these people whose diet, food supply and environment may have been severely affected won't be known for quite awhile yet. adoptions were suspended over child abuse and trafficking concerns. the government is now allowing more than 200 children who have been adopted by foreign parents to finally, joint their new families hundreds are waiting to have their cases reviews. al jazeera catherine soyier reports from kenchasaawyer reports from kenchasa they are being taken care of at this children's home at the edge of the city. she was found alone on one of the townships. 92 children here waiting to be adopted. the government suspended adoptions four years ago. it's b

that's got worse because petro has become mired in a scandal. also, the other thing shell liked was lng. it's quite possible the best days are behind us. >> i studied your most recent research. i have to say, i really enjoyed it because you got into some calls which will bring viewers just after the break on which stocks you like at the moment and which you don't like. you also taught me something. you said global oil use actually rose in 2015. this while we're talking about this lack of demand, right. so it actually rose in 2015. you also say the oil and gas sector went up in january, which many of you might not know as well. so this is quite confusing. >> so i think the problems in the oil market are ones of oversupply, not of demand. demand is growing less than gdp, but it still grows a bit. that's because of a growing population. gdp growth in asia. more cars, more planes. this all drives demand for fuel. but there's a supply overhang. probably about 1 million barrels a day. that oversupply probably persists into 2018. even just a few barrel

scott petro nearly killed two other people in a hit-and-run crash on valentine's day in auburn. 20. a state trooper caught up with him a short time later. the victims were high school sweethearts on a date when they were hit. >> i went to go look up because i heard the sdreeching of the tires, and all of a sudden we flew forward. >> gene: police say that he had a warrant out for his arrest and didn't have a valid driver's license. he reportedly told police thieves driving without a license for years and that he didn't care. >>> fox25 investigates recently found that nearly 29,000 drivers in massachusetts have at least oui convictions. to see our full investigation into the state's worst offenders, go to myfoxboston.com and click on fox25 investigates under the news tab. >>> we track traffic and weather together every ten minutes. right now at drive time from 495 to andover to the zakim bridge. but budget at least double that time because the roads are slick, slippery and very wet. >>> shiri. >> here are some of the specific roads julie on 95, 128. still slippery conditions out there

is the difference between the quasisolvents like the likes of petro in south africa, and whether theium being paid is enough. >> you mentioned those looking for at the corporate sphere. with the u.s. corporate defaults actually overtaking those defaults in the emerging markets. does that level with what you're seeing? >> i think if we look ahead, especially given the oil prices at current levels. you've got it falling in the u.s., the huge debt especially in oil gas producers, definitely at some stage, you'll see that take over, especially because corporate debt is from a nominal point of view so much larger. >> simon, let's talk specifically on markets. we just touched on india's growth. here in india, we have a country where they should be benefitting from oil. is it just a matter of time that these benefits kick in? or is it just an offset in demand for exports and other growths are offsetting those demands? >> india is a very interesting story. given what you say india and indonesia and asia are two countries that should be benefitting most from this deflation story coming out of

also fed into much weaker liquidity and petro dollar liquidity coming up significant pressure and that has fed into sort of major concerns in asset classes clyke u.s. high yield and also across a variety of em economies and emg volatility as well and this death spiral is something we've been oaks, and if we see another year of this repeating, super strong dollar and super weak commodities, et cetera, they be the prospects for the global economy and the prospects for corporate profits and for share price dozen not look good. the question is if and we can come on to that in a second. >> when you see sort of surprises like the bank of japan's move to negative interest rates and see things like the quick deterioration in deutsche bank, equity as well as the bonds, how -- how does that feed into that death spiral, if it does at all, and does this make you believe that 2016, we are destined for some sort of global recession? >> well, we're clearly under a lot of pressure from a growth perspective. you know, we've seen sort of technical bear markets if various sectors in the u.s. and europe a

petro-china also on the move, the largest state-owned oil and gas producer.announced tech advances have helped generate billions in profit over just the past five years. that's very typical of china. they'll release a bit of news that then shows what they have done over five years, and we've got petrochina shares moving four and a third percent higher. bill ackman's bet on pharmaceuticals is taking another hit today, valiant is the reason his fund has taken a massive slice down, the drug maker down another 10.5% after wells fargo issued yet another negative report on valiant. to politics and donald trump, celebration of saturday night's south carolina primary victory. could it be short-lived as the republican candidates zero in on nevada's caucuses tomorrow? or will he win? because right now he's charging higher. we've got a whole new campaign controversy brewing, and this one really doesn't have anything to do with trump. it's between saturday's second and third place finishers, senator marco rubio and ted cruz. this one over a bible, a campaign staffer, and

petro is going to go up. that is interesting.f the analysts are channeling bob dudley. this is what he was saying yesterday that ok the first half of the year is going to be choppy. is because we have this iranian oil coming on market. the second half of the year he this non-opec production specifically shale production coming off. yet a says the u.s. production will drop 620,000 barrels a day. that is not the 2 million barrels a day of oil glut that we have now. it goes a long way to the other part of the supply demand equation is because oil is so cheap, because people are paying $1.50 for gasoline. fuel. are buying more not just obviously for the cars or suv's, which they are buying like they're going out of style, but factories so the demand to go up as well. anna: this is wreaking havoc across the emerging markets world. whether it is nigeria or the selfies considering selling off their crown jewels. whether it is the russians talking about selling off assets. what about the emerging markets worries you the most? bhanu: chin

. >> pam: an ohio man charged with a stocking actress glenn that petro says he did not realize the dozensof messages he sent to her were causing her to fear him. -- gweneth paltrwo--paltrow >> pam: taking the witness stand today. the 66 year-old man says he was charged with felony stalking over dozens of messages he has to in recent years. but prosecutors says koch role was san 66 messages and packages between 2009 and 2015. pelletreau testified monday. saying she was afraid of him. who also said that at this pornographic messages and sex toys in 1999 and 2003200 >> pam: you to plans to take on a string services such as nec and lou. releasing three made for you to movies today. it is also launching in serious creek clearly in response to similar moves by competitors. --you tube >> pam: and eighth installment of the harry potter series will come out this summer. it is not a traditional book brokerage it is a heart that a version of the script but for the two-part play, harry potter and accursed child. the play opens on july 30th in london. >> pam: castro is back with the latest on this mos

petro china is expecting preliminary results to be down by 70% when it comes to operating income.nk you very much. here is your week ahead. we kick off a busy week with pmi day across the globe. we have had those numbers out of china. numbers across europe and the u.s. throughout the day. we will talk run the u.s. manufacturing picture and the consumer as we look for where the oil price dividend is going to. we also have the head of the ecb, mario draghi, and stanley fischer speaking later today. and then iowa holds the u.s. nominating caucuses in the republican and democratic presidential contests. the bank of england will unveil the quarterly inflation report and hold a press conference on thursday. on friday, the all-important jobs data from the united dates. up next, we are live in zÜrich. manus is there. we will speak to the julius bar ceo as the bank sees profits eroded. anna: welcome back. this is "countdown." let's get the bloomberg business flash. here is caroline. caroline: reiner has announced an 800 million euro share buyback. it will start on february 5 and will be ex

petro poroshenko has called on the prime minister to resign.n ukraine's economy and also billions inbillio foreign aid. the obama administration has reportedly prevented a vast cyber attack against iran according to the "new york times." the paper says the plan was aimed to disable communications and part of it tower gr -- its power grid. the stage is set for a battle between apple and the u.s. government. apple is refusing federal magistrate orders to help the fbi unlock the iphone of one of the shooters in the san bernardino terrorist attacks. tim cook says he has given information, but building a "back door" would undermine security for customers. president obama thinks he knows who will not be succeeding him in the white house. he says americans will not elect republican front-runner donald trump. being president is a serious job and it is not hosting a talk show. global news 24 hours a day, powered by our 2400 journalists and more than 150 news bureaus around the world. i am caroline hyde. thank you so, much. kareem abdul jarell says -- ka

[laughter] putin is a petro-tyrant. he uses their oil and gas to fuel their military aggression. is a powerful blowback. but third, it would have created jobs and economic growth here at home. and it's only because of domestic politics that obama was not willing to do any of that. what reagan demonstrated is you can negotiate with the russians from strength. when it comes to nuclear weapons, reagan -- and i, like reagan, would love to see a world where there were no nuclear weapons. if i could wave a magic wand and have every nuclear weapon go away, these are horrific tools of mass destruction. every one of us would wave that wand if we could make them go away, but we can't. and i do think the very first obligation of the president and commander in chief is to keep us safe. the single greatest national security threat we face right now concerns nuclear weapons, but it's not, i don't believe, russia's nuclear weapons. it is iran acquiring nuclear weapons. so i would be happy to work with and negotiate the russians not being fooled into thinking they're our friends, but where our i

i would like to adjourn this meeting in honor of firefighter rocko papa petro who was a 40-year veteran of the san francisco fire department. he retired february 1, 1991, assigned to engines 32, 2, 1, 37, 15 and 11. also, recently passing mr. bill del monty, the last known earthquake survivor. he was 3 months old when this earthquake occurred. he passed away at 109 years of age. just 10 days shy of his birthday. he was a friend of the department. we loved seeing him the morning of the commemoration of the 1904 earthquake and fire. this meeting is now adjourned. [ meeting is adjourned ] >>

i would like to adjourn this meeting in honor of firefighter rocko papa petro who was a 40-year veteran of the san francisco fire department. he retired february 1, 1991, assigned to engines 32, 2, 1, 37, 15 and 11. also, recently passing mr. bill del monty, the last known earthquake survivor. he was 3 months old when this earthquake occurred. he passed away at 109 years of age. just 10 days shy of his birthday. he was a friend of the department. we loved seeing him the morning of the commemoration of the 1904 earthquake and fire. this meeting is now adjourned. [ meeting is adjourned ] >> [gavel] >> good morning, everyone, we are in rules committee today for january -- what day is today, january 28. i am supervisor cohen, as katy tang, and we have eric mar, and supervisor cohen will be joining us shortly, and we have the honor of having supervisor here and take his charter amendment first quickly which is item 7. and thank sfgovtv and our clerk, mr. evans. do we have announcements? >> yes, please silent devices and any documents are to be presented to the clerk, and items will be on jan

i would like to adjourn this meeting in honor of firefighter rocko papa petro who was a 40-year veteran of the san francisco fire department. he retired february 1, 1991, assigned to engines 32, 2, 1, 37, 15 and 11. also, recently passing mr. bill del monty, the last known earthquake suor

very strong winds and increasing snow throughout the day, snowy, windy, snow petros through the afternoon and tonight looking at 7-14 inches of snow by morning with light an additional inch and a cold >>> this morning on "today's take," christian slater is here, mixing it up as our guest co-host. >>> decision day. we're live in iowa with sarah palin as the first votes are cast. >>> shop till you drop. we'll show you the best deals for february. all that and more coming up now. >> announcer: from nbc news this is "today's take," with al roker, natalie morales, willie geist and tamron hall, live from studio 1a in rockefeller plaza. monday morning, february 1st, 2016. we've been counting down to this day a long time because iowa caucus day. here in studio 1a, we have a golden globe winner in the flesh, christian slater. >> yes, good to be here. >> obviously, tamron hall and natalie morales. willie and al are in iowa. we'll check in with them momentarily. nice jam. you cannot go wrong with this song. you have to do the dance though. >> that's -- yeah, that's later. stay tuned. >> we have a go

justifiably so are concerned with prices as low as they are, there could be some contagen regard to petroepo $30, dolla$32. $40 by 2020. that puts them in a tough place. that's their worse case scenario. >> i think it's almost a bit managing earnings expectations for a company. if you're a country you're issuing debt. you want to project to the capital markets that you're able to with stand a more realistic price deck. i think there's a little bit of that gamesmanship going on international country level. our forecast is calling for oil to average $24 in 2016 and a gradual move up to the low 50s in 2017. we really don't see enough u.s. production coming off at this point in time. and we think that year-on-year production will only be down 300,000 barrels. we need more than that. the typing point is this redetermination period. >> over the weekend i saw something that talked about iran, what's iran doing per day now, 3.3 or something per day and iraq is doing more than it's ever done before and everybody wants market share and there's no room offshore for any more oil at all. that's a stat

i would like to adjourn this meeting in honor of firefighter rocko papa petro who was a 40-year veteran of the san francisco fire department. he retired february 1, 1991, assigned to engines 32, 2, 1, 37, 15 and 11. also, recently passing mr. bill del monty, the last known earthquake survivor. he was 3 months old when this earthquake occurred. he passed away at 109 years of age. just 10 days shy of his birthday. he was a friend of the department. we loved seeing him the morning of the commemoration of the 1904 earthquake and fire. this meeting is now adjourned. [ meeting is adjourned ] >> >> welcome, ladies and gentlemen to the regular meeting for january 25, 2016 of the san francisco ethics commission. i will call be roll call. >>[call of the roll] commissioner anders, cohen hur keane. let the record reflect all the commissioners are here. item number two, public comment on matters appearing were not appearing on the agenda. i would urge if you have comments that relate to the matters on the agenda, to hold them until we get to them because i think this may be a long meeting tonight an

in this field you're witnessing that even on the energy sector, in the petro chemical sector our income was $16 million in the past. but this year it has increased to $18 billion and next year that figure will increase to $24 billion. this means that our country is able to move on the path to progress even, has been able to move on the path of progress even in tough times. in the field of power, electricity generation over the past 20 and a half years, actually we have been able to be the top producer in the region. 5,000 megawatts of electricity has been increased to our power generation. power generation capacity has reached 74,000 megawatts of electricity and 1,109,000 cubic meters of actually waters have been increased in the reservoirs behind dams and that has helped -- we have used modern irrigation methods for irrigating agricultural land, 270,000 hectares of land of agricultural land has been irrigated through modern methods. and 20% of the total of whatever has been done since the revolution. that happened only within the past 20 and a half years. in different sectors we're abl