cnbc's steve sedgwick joins us live from london. tell us what this boycott means for target. >> all right. then i'll start with the policy. good day to you by the way, jonathan. this is target who said they welcomed transgendered team members and guests to use the bathroom or fitting facility room that conforms to their gender identity. in response to that, the american family association over half a million signatures. they say this stance is just dangerous to women and to young girls because a man simply can say he feels like a woman today and enter the woman's restroom. this debate is set to go on and on. incredibly contentious for target. indeed, for many other corporations throughout the united states as well. in terms of the broader markets, it was a flattish to slightly negative day yesterday. it's pulled slightly more positive today for the u.s. markets. but the fact of the matter is there's a whole host of minefields including a bank of japan policy meeting on thursday. which is interesting for the u.s. currency. ahead of t

i'm steve sedgwick and these are your headlines. >>> no deal in doha. prices fall as saudi arabia discovers a deal in tensions with tehran. >>> oil stocks lead the way lower in europe following sharp declines on the nikkei as japanese manufacturers shot the doors off a series of deadly earthquakes. >>> and looking to impeach the president rousoff who now faces the senate. >>> so let's take a look at how the european markets are currently faring. we have broad declines across the board, but quite tempered compared to the worst levels pre-market. the ftse 100 has its fair share of large oil majors including the likes of shell and bp, currently down .50%. similar to the xetra dax. there is concern about the italian banks and the rescue down .40%. we'll see if this is the worst. yes, clearly, the oil and gas sector down 2%, the biggest declining sector. tr travel and leisure up .90%. people are expecting lower aviation, auto is lower in the current session. we'll look at the individual oil names, we have total down 2.3%. shell and bp down 2.7% and 2.1% resp

cnbc's steve sedgwick is joining us live from london. what's the latest? >> well, jonathan, i think you've hit the nail on the head -- this is about alleged issues of sanction dodging and laundering as well. because the company at the center of this, mossack fonseca, well, they have been accused of setting up more than 240,000 offshore accounts around the world. they claim media reports misrepresent the nature of their business. there's been revelations of a dozen heads of states, about putin, icelandic president, and david cameron's late father. is it avoidance or evasion, because avoidance is entirely legal. it's legal. whereas laundering, sanctions dodging is illegal. i will tell you one thing, i spoke to a journalist today from one o -- one of the original journalists who got this. he said we are only at the start of the revelations and i know you have been looking at the millions of documents. >>> up next, more from last night's nail-biter. villanova wins for the first time since 1985. we'll have the highlights. >>> plus, the snow has left the northea

steve sedgwick, we're not talking about steve. but he is with -- >> we're joined by sol campbell. in addition to all of what you just said. 73 caps for england as well. one of the most powerful defenders england had in the last 20 years or so. really nice to see you. look, we're a business channel. we cover economics and politics, and you waded into all of those areas as well. a perspective -- there are too many very average players in europe and maybe a brexit will actually solve some of those issues. >> i think it is all about quality really and all about control. when i started there were few scandinavian players now. and i don't players at the top going out and finding those top world class players, but for me it is all about the british players growing up through the ranks and having that opportunity. having the opportunity to succeed or fail. where you have big clubs getting players at 13, 14, bringing them into the club and schooling them and all of a sudden you are a home grown players. so that's actually take an lot of opportunities away from young british players for the