shanghai is now in a bear market.out earlier, showing the chinese broadest measure of currency. i think it is slightly misleading. there are a lot of negatives -- let's figure out what is going on. let's go to our economy team leader. data.deal with thiese the market is taking them as negative -- why? what are the negatives to come out of this? >> the stock market took it as negative, but who know what kind of stock market is moving these days. as for what's going on, you are right, there is a little bit for everyone. the overall number, the broadest measure goes up. up more than economists had forecast. a lot of borrowing their on the bond market. also it looks like a comeback for shadow banking, some of the non-bank lending avenues. this is demand for credit that suggests corporates aren't looking as bad as they thought. on the downside, the bank lending was a bit muted, and loans missed estimates. we are looking at some sort of stabilization, in stark contrast to the stock market. guy: gdp is what are we up next. w

the shanghai composite fell below 6%. ecb president says the central banks must fulfill the mandate. the federal reserve begins the first meeting of the year. will volatile markets leave the table? jonathan: we are 20 seconds away from the open in europe. by 147 points.ff let's get to that open with caroline hyde. is once: risk aversion again front and center one comes to european markets. composite is down more than 6%. theonder the man who made 6200% turn is now saying go short or get out. exactly inspired much risk appetite out there. we see the cac opening up a little bit lower. are dragged down once again. correlation is spiking between oil and spikes. correlation is at its highest since 2013. cac is down by 1.7%. what if follow-up we have seen in brent. oil is below $30. some are saying $29.70. there is a correlation between oil and stocks. there is also a correlation between yen and stocks as well. we have seen near record highs with the correlation between the yen and global stocks. the push for safety pushes up g

shanghai is up 2.7%. let me get you those opening levels to be more clear on where we are as far as the marks are concerned. here we go. you have shanghai shares here. %. hares up 1.7%. if we could get the other indexes up. 3% at the open. what did we get? pboc setting the reference rate 3% fapes. >> there is more risk appetite right now following the fixing. let's wait for this to update. here is 666, a bad omen. that is the move after that fixing. the whole dollar-yen should be weaker. money moves into riskier currencies as expected. aussie dollars seeing some gains after the fixing. milar looking chart, 71 u.s. cents. i would wrap things up with a look at the bond markets. let's see if we have come full circle from being risk averse. the answers is perhaps a small yes. jgb yields are up 25 basis points after falling for four consecutive points. i guess it worked for now, stripping out the circuit breakers. we will see. >> for now, two minutes into the session. let see what happens. thanks, david. let's

thestock market itself, shanghai composite sinking 3.6%. worst performing global benchmark of the 93 we track at bloomberg. this is the bloomberg dollar spot index. what's interesting about this in dex is not only that it is hitting a record high, but hitting a record high as investors start to doubt whether the fed will raise rates four times this year. the turbulent times in china have caused many to doubt their ability to hike rates even two times. still, the dollar remains a haven currency dollay, dollar assets remain the choice in turbulence. it rose to a record high. have a look at what is happening to the price of crude oil, falling to $29.16. the lowest level since november, 2001. this is the 2016 chart. that has fallen for eight days out of ten. it is down for the third straight week. litany is thathe iran is moving closer to boosting the glut of sanctions could be dropped. brent is down for a ninth day in ten. will it remain in the 20's? francine: we are watching the dollar and the pound, and i am also watching the norwegian krone

we have seen ups and downs from the shanghai open.have the indian open coming up in about an hour's time from now. against this back drop, we saw mumbai stocks dropping to nine moth lows. we are going to be heading to the indian financial capital and looking at the day ahead. this is "trending business." ♪ >> we are counting down to the start of the trading day in india. we had the turmoil in china on thursday hitting all markets, indian markets were not excluded. they went down to 19-month lows. let's go through all this. who are the biggest losers? what are people telling you today? what do we about expect? >> int to start by giving you a sense of what it has been up to. it has hat a very volatile morning. yesterday wet the marketing continue to bleed in late trade after the devaluation we saw after the chinese yuan. the markets in china spooking stock markets across the world. in mid day i day tradingle. the benchmark was down 445 points. the nifty was down 143 points. the trading on china's equity markets was suspended yesterday a

shanghai down almost 7 per.i down 3%. >> nicole: we are seeing europe taking that cue right out of asia. cac down two and a half percent. germany, dax, worse of the bunch, down 3.7%. accelerating to the downside in the ten-15 minutes. >> lauren: bleeding continues here in the u.s. s&p futures down 31. nasdaq 81. each of the major averages selling off one and a half percent. >> nicole: they were hoping for up arrows for the 401k's and ira's. oil is up more than 30 kepbts and gold 10.72. up 12 bucks. >> lauren: here is how the dollar is trading. you can see how the other currency are. now, that he's a father, facebook ceo mark zuckerberg could sure use help around the house. this is what he posted online. my personal challenge for 2016 is to build a simple ai to run my home and help me with my work. zuckerberg and his wife had their first child in november, a daughter max chan zuckerberg, reading two books a month on top of his ceo life and learning mandarin. >> nicole: everybody gets a robot. coming up on stock s

guy: the shanghai composite closes down. oil tumbles below $30 a barrel as stocks could hit in europe. ecbo draghi says credibility is at stake. the fed begins his meeting with investors doubting a four hike 2016. who's afraid of china? phillips beats. europe's china bowls ride out the country slowdown? -- china bulls ride out the country's slowdown? in london. ."u are watching "the pulse francine lacqua on assignment today. let's get you up to speed. nejra: thanks. european stocks are following for a second day on growing concerns over china and the continuing oil price rout. the shanghai composite slumped by 6%. at the same time, crude has plunged below $30 a barrel. a hedge fund manager who is chinese stock that's returned 6000% says investors should sell their shares asap. he's carried a winning streak into 2016 returning 35% so far this must. but now his adv cash, wait and watch. the federal reserve says it's it is meeting to decide interest-rate policy will proceed as planned today is tomorrow. fed officers in washingt

and in shanghai. at free market prices in "trending business." ♪ ♪ rishaad: let's look at some of stories making headlines. taiwan beginning a new political era after the presidential election and overwhelming fashion. party set to control presidency and legislature for the first time. while to revive economy maintaining cordial ties with china. >> the results of today's election showcase the will of the taiwanese people. it is the shared resolve of taiwan's 23 million people that the republic of china is a democratic country. system, national identity, and international space must be respected. any formed suppression will harm the stability of crosstrained relations. rishaad: three american to have been held in iran have arrived back in geneva on a swiss air force plane before being taken to a u.s. military hospital in germany for checks and a debriefing. their freedom coincides with the release of seven iranians held in the u.s. under a deal that took more than a year to negotiate. north korea's --

shanghai composite fell below the line in the sand and 2478 which is where the shanghai hong to that huge innux of foreign money that i'm talking about. that's the next line. personally i think chinese market probably needs to erase all of the gains since the bubble began in 2014 much like the tech bubble 16 years ago which means it might have to go all the way down. something that will be hastened if they let it fall to their levels. at this point below 3,000, the market is now cheaper than the dow or the s&p 500 or the nasdaq not to mention the ftse in hon don and stoxx 600 in europe. it's cheaper now. if the shanghai composite goes below it would be selling at 1 times earnings. that's despite the fact that even if china's economy is slowing worse than we thought, say 3% and not the 5 or 6% there pick them. so here's the bottom line. if you think the shang high composite needs to return to the level that it was then your target is 2500 down about 15% but if you think the whole rally needs a 28% decline coming. there's still a lot of weak handed shareholders that need to be blowing

shanghai down. nikkei up 2.7%.ined more than one 1%. >> lauren: oil prices hovering just above $30 a barrel. lots of chatter in the market. opec nation and oil-producing nation would cut out put. >> nicole: donald trump decides to skip debate. whether he have the latest on the campaign. >> lauren: sharing of apple are down. >> nicole: in sports, andy murry moves ontost open. who will he face in the finals? welcome to fbn:am, first look at morning markets, breaking news and what to expect on the day ahead. >> lauren: hey, everybody, we have to start with the breaking news. republican presidential candidates gearing up for presidential debate. last gop debate before monday's iowa caucuses, the front runner, donald trump, is skipping debate. texas senator ted cruz on hannity last night with his reactions. >> donald and i are tied in iowa, we are neck and neck, iowans deserve to have vision of candidates, one candidate is here in iowa, showing humility and the other is feeding from any fair contest. >> lauren: cruz cha

smog has returned to shanghai.thorities have warned young people and the elderly to stay indoors today and avoid strenuous exercise because of heavy pollution. the u.s. embassy says readings of pm two point five particular it's a 200 and 16 at 8:00 this veryng, and deemed unhealthy. that is nearly nine times above the internationally accepted safe level. we are not just talking about china right now. southeast asia has a pollution problem and it is growing faster than anywhere else in the world. according to the asian development bank. from 19922010 the region led the world in pollution growth as it went through an economic boom. .et's bring in bloomberg news enda: we talk about china as a leading polluter. if you step back you might say that makes sense because it was a very fast-growing economy at the time. it is a region that depends on burning dirty coal for most of its energy usage and shows you the pace of increase is at an alarming rate. it is triggering warnings the need to be acted on. the economic consequ

to what's going on in shanghai. >> after 6.4% plunge in the shanghai composite. this is an issue of confidence, analysts are saying. sentiment is very weak right now as we head into the chinese new year holiday. this is the bite the fact that we thought cpoc injects the most cash in more than three years. it investor -- easing investor concerns. shanghai down 1%. maintaining some of the gains of 1.3%. jakarta coming online .5%. nikkei 2.225 getting closer to the lunch break at 2.5%. leading those gains on the regional benchmark. this is also because of concerns about what happened in the offshore grid yesterday. we saw how that equities dipped and nosedived. we saw that in the offshore as well. the last part of the session, we saw the offshore gain rise. it actually erased close to 2/10 of 1% of a loss within 15 minutes. some strategist saying these are all hallmarks of government intervention. possibly some government moves there. the offshore is stable and flat at. in china, one thing that is looking pretty green -- casinos. hong kong shares of galaxy, all risi

shanghai down 3%. take a look at what is happening at the shanghai composite. a fairly important key support level, 3419 is the level of that 100 day. are seeingar why we this. one possible reason that was brought up by galaxy securities, investors are just getting out of equities at the moment. regulators may soon lift this ban on fundraising. that is perhaps one story. athaps a more rational look reaction across foreign offshore, look at the rmb. the sharpest decline, sharpest weakness against the u.s. dollar going all the way back to august. speculation that the pboc might allow it to grind lower further. perhaps assist the ailing economy at the moment. of course, all speculation, i have to emphasize that. rishaad: take a look at oil prices, on the way up again. this terrible row that is taking place against two major opec players. saudi arabia and iran. iran pledging divine revenge for the execution of a shia cleric. >> brent is higher. this price rise driven by tensions between saudi arabia and iran. saudi arabia has cut ties with iran and on sunday, it ga

shanghai stocks entering bear market territory. a decline of another 3.5% in shanghai overnight. elsewhere in asia, take a look at these

the shanghai composite down over 7% once again today before trading was halted. that has dragged all asian stock market slightly lower. nikkei down 2%. worst start in new year in two decades. kospi down more than 1%, nicole. >> nicole: u.s. stock market futures getting hit hard. dow futures 380 to the downside, 2.2% and s&p futures down 46. >> lauren: other big story is the oil market right now, if you look at the quote, 32.94, so far down in double digits. we are looking at double digits this year. we will have the live reports from beijing, london, chicago. welcome to fbn:am, first look at what's moving in today's markets and what to expect on your day ahead. nicole kidman lets get back to the breaking news. globe market selloff is right now. we will go to tracy yu, good morning, tracy, what's behind the selloff in china? >> tracy: good morning to you, ladies, we had a terrible trading day. we only traded for about 15 minutes. 7% triggering the circuit brakier again. fell to 10% daily limit only 35 stocks posted gains today and people were really panicking. acc

two years ago nobody cared about the shanghai composite. that t tng you can be forgiviv for assuming it's one of the complicated items that nobody ever orders but it's no laughing matter now. this foreign index has become along with oil, the tail that wags the dog of the u.s. stock market. how did we get to this point. how did this happen? take a look at the chart of the shanghai composite from 2010 through 2013. you can see that for years while u.s. stocks rebounded from the great recession the chinese market was stuck in a terrible rut. declining from 3100 to 2100. the reason, china, well, 2010 was the year when after decades of explosive growth china's economy peaked with it's gdp from 12% to 8% at the beginning of 2014. so the market anticipated that. was entirely rational. two years ago it was easy to believe that the long march higher had finally come to an end. at least for the stock market. but then something big changed. in april of 2014 the communityist party announced the stock connect program which went into effect in november o

the shanghai market down by 1%.te the fact that we saw a good rally in the main u.s. -- certainly a pullback after the big rally on the market yesterday in late trading, led by small caps. here in hong kong, the hang seng adding to losses. down 0.4%. a rally coming in the oil price. elsewhere, good movement in the region. japan, higher by you .7%. sharp, the standouts today on reports the bid was increased. korea, pretty flat. australia, can ok. built-in -- shares responding from a low. another stock, equity coming off earlier gains. up 2.5%. as 11% on reports there has been a rebound in china. will surge in australia, leading gains in the space. impex in japanese trade, can pretty good. the shanghai market weighing on the overall returns. topy: returning to the story, the wild ride for the yuan. a genetic few days. word we useis the too often, roller coasters. yuan.rrency, the another day. you need to think about the broader context. that has been the message. what has all of this aggressive intervention, volatilit

from shanghai. more coming up this hour. angie: thank you so much. ubs in shanghai.o think about. the wand fell to a five-year low last week. could there be worse to come. we will discuss that when first up returns. ♪ the wand could fall another 15% this year according to omni. authorities can't fight economic financials. thy hundred $65 million firm says the yuan would have to drop further to meaningfully stop its appreciation. on the partners says that if china faces a credit crunch, we yuand see the yo you tumbling another 30%. risk aversion is completely alive and well. the yen is searching this morning to its highest level since august 4014. a six the day for of gains. japanese markets are closed today. which should seek liquidity reduced. analysts say the main focus will be on the chinese currency. and how the shanghai composite reacts to the selloff on wall street. asianggest gain among currencies. it has prompted hedge funds and other large speculators to turn bullish on the safe haven currency for the first time since prime minister abbe came to power in 201

seeks in shanghai increasing foreign exchange purchases. according to the shanghai securities news report. there was little changed today after that interest rate was cut yesterday. are seeing some intervention here possibly according to our sources to try to bring up shares. but a lot of fluctuations, swinging between gains and losses. rishaad: let's get back to andrew sullivan. true, that we have state intervention in the markets and supporting some of these financial companies, what sort of message does that send out? andrew: they are trying to manage the whole situation. to whatt dissimilar taiwan used to do 10 years ago. at some point the market has got to come and find its own level. at the moment they are not securely happy with that. you must bear in mind that this datand we have the ppi coming out. rishaad: it can't be happy if you invested your pension and one of these funds and they are at the beck and call of whatever the authorities want to do. bigew: it is one of the problems with all government run pension funds. in china are

the stock market in shanghai, the shanghai composite down by 6.42%.ing must-read, sentiment is not pretty in europe with equities lower, but things are starting to improve. s&p futures lower, but only out 5.2 points. michael: this is something that has happened the last couple of days. we get a low overnight, then it falls off. time for the "morning must-read." new poll, donald trump leading the national republican gop nomination race. he has a 41% share. in a "new york times" column this weekend, frank bruni noted that is kind of ridiculous. stevens, theart gop strategist, noting a national poll is meaningless because one out of every nine california,ves in so when is the last time anybody read a story about the republican primary in california? he is right, because at this point it is all about how people are going to vote in iowa and new hampshire. the interesting thing -- it does not matter who you support or who you might want to vote for, because they may not be in the race by the time we get to a new york primary. vonnie: second-round effects w

shanghai composite ended lower.>> lauren: and i'm lauren simonetti. good morning to you. after the dow sank 270 points yesterday u.s. stock market futures looking like this head of the opening bell. unfortunately more red arrows. s&p futures down by 15 and nasdaq down 33. >> nicole: let's check oil, volatile oil prices actually faired okay. it was the okay, the worst best of it you could say. oil tried to hold on. >> lauren: president obama said to announce details on his executive action on gun control but the gop presidential candidates, they're saying not so fast and gun maker stocks rises in a big way on the news. >> nicole: donald trump continues his attack-dog strategy on bill and hillary clinton. we will have the latest on the war on words. >> lauren: top college basketball teams faceoff in overtime battle last night. couch retires after 12 years. welcome to fbn:am, first look at morning markets and breaking news and what to expect on the day ahead. >> nicole: we saw big selloff yesterday, pboc stepped up and

the shanghai composite opening lower by 2.4%.s a little bit of a comeback coming through on friday. a gain of 2% in the main china index. causing speculation that it was driven by state-based intervention. today, we are seeing a number of stocks hitting that 10% daily limit drop. having a look at hong kong also. some heavy falls coming through here to the futures. dem by 2.4% on the hang seng index. that has seen a number of the markets extend their losses as well in the region. taiwan down by 2 -- 2%. singapore down by 1.5%. weakness in korea, the cost be weaker by 1%. the big salt in materials heading australia's share market today. lowest level since july 2013. i want to take you into some of the sectors in hong kong. , everyg seng index sector is in the red. tiedve heard from chow they have fallen by about 5%. we are seeing big false in some of those consumer and personal good spaces. their shares coming under pressure. beingational holdings heavily sold off in the early session. elsewhere, there has been week this in a lot o

the shanghai composite seeing a rise of .9%. leading the gains in the regional benchmark, 1.8%. japan's stocks heading for the biggest two-day gain since november of 2014, about .7% right now. we have seen a sharp bali at overall, we are seeing green across the board. asx 200 up about 1.3%. oil continuing today from -- on monday. china oil producers falling as well. up 4%.hina china is output in considering cutting production. we are seeing those firms rally today. up 1.5%.nergy in the china market, if i could ,ring up the shanghai composite market partners says that the china-led stocks slump that has taken most global markets with them may prove to be a boon for investors in japan and it is no longer china that is the sexy market. ion that central banks will be giving markets a boost. mario draghi was the first to trigger this. than we have janet yellen and hiroki kuroda later on friday. the markets have been stressing on a good note -- starting on a good note on this monday morning. rishaad: oil has been hovering around $32 a

from shanghai, stephen evans reports.odeled on the pentagon in washington, this massive retail park in shanghai was meant to be a money magnet, until the great economic slowdown. inside are rows of empty shops, and a solitary uncrowded supermarket. just outside of shanghai, a taylor makes a winter coat. it is cold here, but she fears the economic chill. her husband just lost his job. >> it is very difficult for him to find a new job at the age of 50. employers do not want him. he is no longer a young enough for hard, physical work. our financial situation will definitely get worse. stephen: this economy has plowed nearlyt 10% a year for three decades. no economy can sustain that growth. some question if chinese official figures are accurate, but they do not doubt to slow down. china produced less electricity in 2015 than the year before -- a sure sign of a slower economy. this economy has grown from the starvation and wreckage of .aoism at hyperspeed it is now moving forward at a normal pace. the question is, can it make

jonathan: david inglis, talking about shanghai. let's carry on the conversation about shanghai. was indicating that maybe people were selling into these rallies, the reverse of what we saw in 2015. let's talk to our china editor out of shanghai. is that the interpretation here. this was a seller rally story today? reporter: pretty much. it is the exact opposite of what happened yesterday afternoon. we expectedi mean, may be a positive open, but for some reason even with the jump in credit growth, it actually responded to parts of the data. that is becaus investors were concerned for the outlook of the economye at the end. if you look at the data closely you will see the estimates and even the unexpected jump in a exports was noticeable. in theportantly afternoon what we saw was a report that some banks in shanghai will the longer accept chinese stocks as pledge collateral in order to borrow money to buy stocks. the high-tech stocks are the biggest performers for the year. jonathan: i sense this is what we are looking at now. what are we looking at here? what are the key metrics

shanghai is holding steady. if we manage to hang onto those gains, it would mean chinese markets headed for their only two-day gain so far this year. that gives you an indication of hasbad this regional rout been. elsewhere, a number of markets giving up gains and falling into negative territory. asia showingeast quite a bit of weakness. philippines extending declines after seeing gains early on. aussie stocks holding steady despite some weakness in the aussie dollar. angie? angie: china's economic growth engine sputtering as gdp and other monthly numbers this estimates. stephen engle joins us for more on that. the premier did say yesterday the economy is under pressure. he was proven right. stephen: absolutely. he is not kidding. look at the picture -- the pressure that they had in 2015 and the beginning of this year. they had the big stockmarket rise and then bust. you had perceived policy missteps. six interest rate cuts. probe, a corruption shortselling investigations. you had the yuan devaluation. record ou

right now we saw the shanghai close down three and a quarter percent.down two and a half percent and the kospi down 1 quarter of 1%. >> lauren: a little bit of relief from the selling in europe. the cac .7%. >> nicole: we had a capital injection into asia. we had a mix bag. right here at home, dow futures down 88. had been down 150. we are seeing s&p down 9 and a half. >> lauren: cheers the price of oil. it's moving the equity markets. that's about a quarter to the downside, gold $1,098 down by $8. >> nicole: we want to tell you that coming up in sports, new york knicks come from behind to win in overtime. tennis legend says he was not aware of any corruption in the game during his career. he was one of my favorite players ever. checking u.s. stock market futures. we have seen a little bit of acceleration. 96 futures, s&p down 10. you're watching fbn:am, first look at morning markets and breaking news ♪ ♪ you show up. you stay up. you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your

shanghai stocks dropped sharply at the open on thursday. and for the second time this week, the fall was so steep that it forced trading to stop completely. that led to severe losses in markets across the asia-pacific region. the shanghai composite finished the day only 30 minutes after the open. it tumbled 7% during that time. closing at 3125. the selloffs were triggered by concerns over the yuan, dropping to a nearly five-year low against the u.s. dollar. analysts say many market players are worried the weaker currency will cause capital to flow out of china. the hang seng index also had a rough day. it dipped more than 3% to close at its lowest level since july 2013. many investors sold shares listed on the mainland. and seoul's kospi fell to a four-month low. >>> stocks here in tokyo also took a heavy hit. for details on how investors reacted to the developments in china, we go to our biz reporter, mayu. >> it's really causing a stir among investors now that trading in china was halted for the second time this week. when it comes to sto

manus: the shanghai composite over 6% that has set the tone.ot european rally indicated low. off by 70%. the dax, 95, 98. so we are seing this aggressive move or it has come under pressure again. crude volatility has come back since 2009. take a look at the bottom of your screen. you've got crude trading at 2.8%. down. rt of the day is happened in -- manus: 1973. i ran the story. i did. anna: we've got risk aversion hase going on in the mark. let's get to caroline. >> oil slipped $30 a barrel. they expected to show crude ockpile expanded for a third week. the shanghai composite is down 6%. and it's now at its highest since 2013. me bank of japan officials discuss on whether to expand. effect to r used his play down the impact on japan's economy. meanwhile the federal reserve says its meeting to decide the interest rate policy will proceed as planned today and tomorrow. they're unable to attend in erson. the federal government was closed yesterday with the disrupted travel in the region. hina's plan to disrupt steel production may fuel social in

the shanghai composite is up close to 1% right now. see more ofnuing to a rally in hong kong here, despite very cold weather here in hong kong. we are getting trade numbers, early from this morning. the trade balance is back to black. don't be fold. fooledexports and just -- don't be fooled. we saw exports falling. what a loss. exports have really grown. helped in yen december. most are saying this trade balance has narrowed annually, compared to the record we have seen. it has fallen about 80%. again, people are saying commodity prices are slumping more than expected, which is why we are saying this narrow. in the past, year to date, if you continue to see it here, i have strength of 1%, a reversal to call for the weaker yen. doj to move. the we have heard from harry corona that that might actually happened. i want to end on gold. that is the new safe haven. it is going to stay up 3.7% today. we are going to break that 1100 mark. people are looking at this once again. oil is front and center. it is fluctuating under $30 per barrel. --

we will see the shanghai composite back into bear market territory.ng kong, things are not much better. only two stocks higher, down 1.6%. the nikkei in japan is down by over 4%. only two stocks are higher. there has been momentum coming through in one stock, infosys, coming through with strong numbers. a lot of sound coming through from oil producers. shanghai material trading on the a share market has hit that 10% daily limit. let's have a look at how we are seeing the oil price faring at the moment. this is the wti contract, down another 8/10 of 1%, holding just above $30 a barrel, but it certainly hasn't been a solid day. of course, we are going to be counting down to that reopen in hong kong and china. we do think the shanghai market entered into the bear market territory, of course coming off from the lows we haven't seen since december. emily: you density is stepping up its guaranteed to place graduating students in a job. the new program promises students a job within six months of completing a nano degree, and if no job is found, the company

the shanghai composite is down almost 7% overnight.by the shanghai. .6% despite the rising tension between saudi arabia and iran. data youome of the should be watching throughout the week ahead. you get eurozone inflation numbers. you have the minutes from that crucial december meeting where they hiked rates for the first time since 2006. to come back to you very quickly. the story in the commodity market, brent crude popping higher off of the saudi tension. it is easy to cherry pick your narrative during the story is really a resilient story. even with the tension, we go lower. guy: every guest has said that the real surprise is that britain has not bought more. china is down. the real surprise is that has not happened. , you take the three-day chart and it has climbed a little bit. brent picking up. it is being pulled in a number of different directions. do you worry about the supply side or the demand side? happening between region.sion in the gulf pmi data. we have already had numbers out of spain. the french numbers are a little b

shanghai composite up 2%.nd hang seng also lower a half of percent much like the kospi. >> lauren: u.s. stock market futures down. >> nicole: after a huge sell thawf put markets in correction territory, we saw up arrows, we soldoff, we were in negative territory. in the last five minutes turned positive again. volatility is here. dow futures right now down. >> lauren: crude oil prices $30, 79 cents. up 31 cents at if moment. >> nicole: earning season. lauren gets under here. we are looking at jpmorgan chase. analysts are looking for the bank to earn 1.25 cents a share on revenue of just under $23 billion. our own maria bartiromo asking ceo jamie dimon, seeing their worst ever start to a year. >> obviously a lot of eminent activity. there's nothing wrong with that. that's just a form of activity that could be good. i think you'll see companies spend more when they have more reason, you know, kind of get stronger. >> maria: so we are sort of bumping along the bottom? >> well, i think we are growing. we've had mo

declines in shanghai.ng the most in more than a year, after a port the japanese -- after a report the japanese carmaker may step in to maker.e embattled airbag takata products are linked with deaths around the world. china's latest factory reading coming in lower than expected. sign the chinese academy continues to run at two speeds. a lot of movement taking place, and nearly all of it in one direction. >> i thought markets were going to be quiet today. and then this happened. the shanghai composite, 3.2%. -- if i remember .orrectly, 3435 that is the 100-day. level right now. red.d open in the and then we had some data out and one thing led to another. the damage across the markets -- it is much worse. caps china index, losses in the order of 4.5%. still unclear why we are seeing losses. who knows why markets begin to sell off? elsewhere, negative data investors are reacting to. one of the first reports was this report in south korea, exports dropping for a 12 straight month. we may see a similar drop in e

the dow down 205 after shanghai down 7.3% and trading halted after 29 minutes.re watching crude as well, managesing to come a built off the lows around 33. >> our road map for the next 60 minutes starts in asia. another selloff. we are 100 points on the dow. how farlows on this, day four of trade for 2016. >> pore retail pain. macy's cuts jobs and store account. why is the stock up nearly 3%? cornage in commodity prices. oil dipping below the 12-year lows. >> the world bank cutting its global outlook. >> the good news, the chinese authorities have decided they are going to abolish a rule that effectively forced many to sell on the shanghai market earlier today. eunice eun has more. >> hi, simon. the trading day here was really cut short, only 30 minutes. the shortest they have had the. people were saying after the market dropped, there was a 15-minute pause and all they did was sell, sell, sell, until it dropped by 7%. they were really upset about the circuit breaker system. all day people have been complaining that the circuit breaker system is not suited for c

shanghai has now sold off. bearish bets.dlach paints a pessimistic outlook for the year. he warns of what could be a "really ugly" first quarter.

new york time, shanghai at 8 p.m. new york time. will the selling person test? this is a special edition of "bloomberg markets -- will the ?elling persist this is a special edition of "bloomberg markets." from bloomberg world headquarters in new york, i am scarlet fu, joined by my cohosts keeneeisenthal and tom . joe and i were just talking about the mexican peso weakening and oil still soggy. barrel.to $32.10 a we are going to count you down to the opening of trading in asia. tom: do we really know what it's going to happen in asia? help me, joe. joe: i don't think so. trying to read some of the signals, but i don't think anyone has any idea in part because they changed the rules today. they had the rule in place that they would halt the market after a 7% decline. today, no training wheels. we don't know what is going to happen. had plans to put some circuit breakers in place and limit some of the selling, but now they have removed those and losses could exceed 7%. trading 30ou halt minutes into the day, the message you send is get your trades right. that cause

shanghai composite down 2.4%.in japan, big one winner in the group. >> nicole: ftse is up one and a quarter percent. dax also gaining. >> lauren: right here u.s. futures higher also. s&p futures up 16, nasdaq futures up 40. >> nicole: oil has been down four days in a row losing in 20-dollar range. right now 31.19. a gain. >> lauren: investing in china. >> in china we are -- our view in china that 20-30 years from now the likely outcome that they will house 30% of their fortune 2,000 and they have you a lot of way to go but big differences. that's still the likely outcome. we want to manage to turbulence. >> lauren: this morning mornings with maria. >> nicole: big news for the world of sports and football. >> we understand the emotions involved of our fans and it's not easy to do these things. they are purposely made hard. >> nicole: nfl owners vote to allow two teams to move to la to los angeles and the fourth time this season a top one has won. oil prices back above $30 a barrel. low prices good news, at the pump

shanghai composite down 3%. so that bare market territory. nikkei down a half percent.ht over the europe. oil has been dropping. ftse, cac and dax all to the downside, one one and a half percent roughly each and let's take a look at home, we were hoping that the dow would snap the two-week losing streak, not with this. 1.7% drop. s&p futures down 35 and nasdaq futures down 86. selling continues underway with all ten sectors dropping this week. look at the oil price. west texas crude, 29.61. we saw under 30 bucks. we saw that weighing in as well. we are going to turn it over mornings with maria. maria bartiromo in south carolina in the heels of the great debate. two debates, you did a wonder job, i enjoyed it very much. >> maria: amazing team here, nicole. we will see you in a few minutes, nicole. hi, everybody, welcome back to here in south carolina. we are come to go you live from charleston, south carolina. happy friday, it is friday january 15th, with me this morning skybridge capital anthony scaramucci, fox news dagen mcdowell and first top story, republican candida

shanghai composite sinking 5% overnight. >> cheryl: and good morning, everybody, i'm cheryl casone. well, u.s. stocks not being hit so far by the china selloff. checking u.s. stock market futures ahead of the opening bell. dow pointing up by 23. we are pulling back just a little bit. s&p up 4 and a half. >> lauren: oil prices moving lower overnight. decline of almost 2%. >> cheryl: breaking news overnight. rock star david bowie dies of cancer, fame and let's dance, we are going to have that story for you. >> lauren: mexican authorities want to talk to actor sean penn with interview with el chapo guzmÁn just before he was captured. >> cheryl: investors gear up for earning season. >> lauren: in the nfl wild card games greenbay came from behind to defeat the redskins and in frigid temperatures. those details coming up. welcome to fbn:am, first look at what's moving in today's market, the latest breaking news and what to expect for your day ahead. >> cheryl: well, what will this week bring after the dow industrial lost more than

shanghai up 2%. hang seng up half a% just like the kospi.nly one with a down arrow, the nikkei, down 1/3 of bunn%. lauren: i like how you highlight stocks in china up. it's a huge week. ftse gaining 30 points. dax in germany up by 54 this morning. >> the dow down about 5% this week but this morning we're seeing up arrows. dow futures up 172. s&p futures up 21 handle. nasdaq up 53. that is the best of the three. that is the 1.25%. lauren: that index in correction territory. investors were nervous this week, they put their money into gold. that is not coming today as equities rise. crude oil prices up almost 1% at 33.58 a barrel. nicole: 2016 is certainly off to a very rocky start. looks like volatility is far from over. what steps should investors take to make that their portfolios can handle this trading environment? we have ron devari with us, new oak ceo, cofounder, joins us by telephone. ron, thank you for being with us this morning. what can investors to protect their portfolio? what advice can you give them? they have money in the marke