these are your headlines from around the world. hsbc is warning there could be choppy waters ahead for markets this year. >>> and volkswagon forces a takeover of the truck makeover at 6.5 billion euros. >>> and viktor yanukovych is wanted by police for 23 billion. >>> and ford's new tech-heavy car. is it more about the car's features? we'll be talking about that coming up later on. >>> you're watching "worldwide exchange" bringing you business news from around the globe. >> all right. we are just getting ifo numbers here from german business expectations. it's coming in at 108.3 in february. that's slightly above consensus of 108.2. but those january numbers, 108.6 was the numbers there. current conditions, 114.4. that's 111.3 in february. versus consensus of 110.6. that's the climate index, of course. so slightly stronger. no revisions to the january indices data. so the current conditions index, 114.4 february consensus lower than that. so we'll now look at ukraine, one of the other top stories. the acting interior min city say police

according to the audio reports the bonus pool for employees of hsbc rose by six percent and reached the point nine billion dollars in two thousand thirteen. samsung has officially presented the flagship smartphone galaxy s by a visit to the crew reports the smartphone has a number of new features and functions in particular a fingerprint scanner apart retention as well as a new user interface and new operating system android four point four international shipments of the smartphone to begin in april. germany's largest financial conglomerate which biden announced its plans to conduct his face that says the financial times reports according to the new speaker of the cut the amount will be from four hundred billion us dollars to about three hundred billion us dollars mainly with the help of a transfer of several divisions to europe or asia. this move was prompted by the new rules introduced by the federal reserve system. it's the dough. ay ay ay ay. and it is . all the i am. i know stone. they think the quilt that won the office during the manufacturing markets to fall to the team proved h

and then into the greens for the lpga the hsbc women's champions is underway and the two thousand and the less important winner karrie webb has the early week the thirty nine year old aussie was steady with six parties in milk logies for a six under sixty six and the one shot lead over american paula creamer after round one meanwhile identity is tied for seventh and to wander while defending champion stacy lewis seats way down the leaderboard at three over par. and now it's thursday's matches in the kb yelp the first day molded step down the toy he owns seventy nine to fifty four. but now let's get to the game of the night featuring the kt sonic boom and the eat eel and elephants. and now with twenty five wins apiece they're fighting for sole possession of fourth place with kt with the early advantage and eight goal haul in the half by five pt lead smelter combat the high ricardo powell who and the evening with eighteen points and seven boards and the teal and the pats to win seventy two sixty three. and that's all i have for now this has been students at us you back here later for mo

will clear out that the good news on sunday now over to the lpga round two has come to a close at the hsbc women's champions in singapore and everywhere was able to hold onto her lee she was in as steady as she was in round one of city's read both these with six birdies but stayed at the top with a total score of nine under with a two shot lead over angela stanford going into the weekend. what is poised to lift her second trophy in three ornaments this year. and heading to the nba the philadelphia seventy six ers will officially retire. allen iverson is number three going into rafters or rather into the rafters at the wells fargo center on saturday. now we'll all go down during a ceremony at halftime of the sixers wizards katie gets the chance for the city of brotherly love. two are one of their all time greats however city also known as the answer for its ability to score at will was named mvp in two thousand and one and was a four time scoring champion all has a seventy six. and moving on reports by german broadcaster wto are that some russian athletes can heal performance enhancing seen

you can expect the performance of the hsbc as well. >> is there any more value being made? go on to the congress next year -- next week. it seems that a lot of the carriers, there is going to be a lot of money involved in terms of and they. at the same time it is going to be a struggle for these mobile carriers to make money through tech like they used to. vodafone is an angle to the story. -- [indiscernible] softbank has been mentioned. as soon as we go towards -- the value is just too interesting to miss out. i think vodafone is a stock we have liked for a while. ftse is a story we like as an aside. >> because of growth here? >> growth, evaluation. we are turning a lot more lish on minors which are 30% of the ftse. the stars are aligning and it is all going in the same direction. if you look at the market right now, you have the earnings which are -- in the u.s. [indiscernible] this is something which is -- >> for the u.k., is there political risk? do you factor that in or wait until the end of the year when we have elections that will give us an indication where the u.k.

this case has reminders or echos of the hsbc case we saw just a year ago, flagrant vial lagszs through transactions carefully structured to keep u.s. officials out of the loop and once discovered unwillingness by the bank regulators to use their authorities to hold anyone accountable. as senators levin and mccain asked the ceo to admit yesterday and he did admit to not one person was fired for flagrant willful violations of u.s. law from the ceo on down. it's the same story for hsbc and for any number of other banks involved in predatory transactions that hurt american citizens. so i guess my question is this. we have a situation where the government refused -- and this is the government of switzerland -- refused and blocked the identification of the folks who were stashing their money in switzerland. we're talking about 22,000 u.s. customers with swiss accounts of which less or about 1% the names were shared with the u.s. if they're not going to share the names for these illegal activities, shoupd should the federal reserve board be using its regulatory power to basically say if you c

this case has reminders or echoes of the hsbc base we saw just a year ago, flagrant violations through transactions to keep u.s. officials out of the loop and once discovered an unwillingness by the bank regulators and the d.o.j. to held anybody -- hold anyone accountable. and senators levin and john mccain asked the ceo to admit yesterday and he did admit to, not one person was fired for flagrant willful violations of u.s. law from the ceo on down. it is the same story for hsbc and any other banks that were involved in predatory transactions that hurt american citizens. so i guess my question is this: we have a situation where the government refused -- and this is the government of switzerland, refused and blocked the identification of the folks who were stashing their money in switzerland, we're talking about 22,000 u.s. customers with swiss accounts of which less than or about 1%, the names were shared with the u.s. if they are not going to share the names for these illegal activities, should the forward reserve board be using its regulatory power to say if you can't play by the rul

they say he robbed the hsbc bank in bethesda on wednesday. this is along old georgetown road. solvers is offering cash reward up to $10,000 for any information at leads to an arrest. >>> prince george's county schools chief kevin maxwell will find out today whether he is the national superintendent of the year. maxwell was nominated for his work in his previous job as head of the anne arundel school system. the announcement will be made at the national conference on education today in nashville. maxwell will named maryland superintendent of the year in october. >>> loudoun county saw some of the most snow during this storm. we're live to show you why it may be even harder to get to your car this morning than it was yesterday. look at that. >>> and some streets are still covered in snow. we'll take you through today's temperatures hour by hour to see whether there's a chance for it to melt. >>> plus, a clean sweep in one event for americans in sochi. >>> this morning some streets are covered in snow. the sidewalks are even worse. the live picture here from gaithersburg where ca

pounds in two thousand and ten for the loss of personal custom easy tap in that same year the british bank hsbc admitted to the zoo dictates of twenty three thousand of its clients and its division into two the red eye eye. and . i do. i do and. ch chipotle. i just started increasing economic stimulus package. the obama administration has pledged three point four billion dollars toward smart grid technology. this technology will help stabilize the power grid in the end of the failure to better incorporate alternative energies and vastly improve overall efficiency. smart grid delivers electricity from suppliers to consumers using digital technology to save energy costs. since it has to be conducted by its youth centers that seize control. build on alarmingly high. it was to find tickets goes on. at approximately want to go. in eighteen eighteen sixty one he was in the sixteen piece set to double that. in response to government in reaching its end she listens to the sides keep taking serious measures against phoenix. want to create. sierra tower. he has won the senior counsel as to costs continue

on the same day hsbc will release its latest survey on chinese manufacturing activity in january. the index stood at forty nine point five falling below the crucial level of fifty for the first time in six months. and the us consumer price index for january. also due out on thursday that december's cpi edged up one point five percent from the same month last year. and the silliness in business news for this hour i'll leave you with another tag on the markets it is. security authorities in each instance bank terrorists planted a bomb that ripped through a tourist bus explosion killed in the south koreans and their egyptian driver and wounded fifteen others. utilities to see the bus exploded near a checkpoint in the town and come up. egypt's border with israel. officials with the south korean foreign ministry's a thirty two south koreans from colic. local media say that terrorists had visited mount sinai and were on their weight is well is running their tents had seen attacking military and police buildings in the sinai peninsula since the military ousted president mohamed was the la

the truck side. that is what this bit is about. >> hans, thanks. hsbc shares are taking a hit today. the following profit missed analyst estimates. manus cranny joins us with more. give us the details. >> it would seem having read through a few of the analyst notes that its top line missed on revenue by about 2%. bloomberg industries says it is tied to hedges. at first glance, it looks like weaker than expected performance in europe. that is the first initial take away. overall profitability rose by 9%. innings at hsbc since the financial crisis kicked in. these guys are cutting costs. cutting costs just didn't make the grade, mark. that is also another issue. cost to income ratio is coming down but it is not anywhere near the mid 50's level that mr. gulliver, the ceo wanted to hit. 2.6%, theill grow by u.s. by 2.5%. in china, there are no red flags on the property market. that is what gulliver is tallying at the moment. doing quite nicely. >> let's stick with the news in the banking space, turning to ubs. bloomberg had this exclusive report that it is seeking immunity in this probe b

bear in mind we get the final look from the hsbc on monday for their pmi set. y detail the depreciation trent pb as far as currency. if we see a number on saturday well below the 50 level, if it does undershoot by a wide margin, how badly are risk currencies going to get hit? >> i think they're going to get hit pretty badly. i think the key risk is that we have this hard landing scenario becoming a more serious risk. so i think it's the most important data point, the trajectory of the chinese economy is more important. a lot of investors have already sort 06 of made up their minds in a lot of country hes. the china risk is very, very hard to position for. >> thanks a lot for that. we'll be watching that number on saturday. we won't be lounging by the pool, julia, that's for sure. back to you now. >> by the way, sri, we're very happy to reinstate your permanent anchor on this show. if you want to go for that. >> i'm ready and waiting. here i am. >> you passed the addition, so you're in. about to see you. have a good weekend. >> good to see you, mate. have a good

carl levin from michigan -- you know him from the goldman sachs hearings, and jpmorgan hearings, the hsbcjohn mccain interested, what they laid out was a report, 200 pages worth, that showed systemic issues within credit suisse in terms of tax evasion, as many as $10 billion hidden in assets, 22,000 accounts, the vast majority of which were shielded from the irs, according to this report. plenty of tough questions today and plenty of answers that ceo brady dougan is going to have to provide. >> as you mentioned, the questioning will be harsh. what about the report findings? is theywe know for sure laid out yesterday the big systemic issues that you have looked at. the justice department has been looking into this and they are actually on the second panel right now. has keyed inlevin on is the ability of credit suisse bankers to essentially hide u.s. transactions from the irs. this included a secret of his inside of an airport. people taking bank statements inside issues of "sports illustrated." lots of good stuff that would make for a good feature film but funny of things for the justice

. >> we get the hsbc flash pmi numbers out of china on thursday. do you think that trend will confirm the fact that the strong export and import numbers that we saw last week were just an aberration? >> i think people will use as many seasonal adjustments and try to adjust to that number as much as possible. if you look at the gone going discrepancies, for example, between chinese exports numbers and hong kong import numbers from china, it's still quite large. if you look at china's export figures, december to january and compare it to the rest of the em, it begs the question, where is the external demand coming from? people are going to take chinese data with just a grain of salt. >> jeffrey, thanks for that. you're going to stick with us for the next few minutes. meantime, let's take a look at the market. we have a little more than an hour into the trading edition. we lost a little bit of steam in the first half hour of trade. the stoxx europe 600 is now off by 0.5%. clearly we'll stay on to match the gains we saw across asia. markets were closed

the deutsche banks, the hsbcs of the world. >> does anyone leave the u.s. because of this? >> hard to say. there probably is a middle ground where it becomes unmanageable to incur the costs of restructural but i would guess the big players will stay. >> they're trying to deal with this too big to fail issue. did i hear you say they're raising the capital requirements above and beyond what they've already imposed? >> no. as a matter of fact they have in a few cases dialed back expectations after conversations with the foreign banking concerns. they said they want to show more fleckability in terms of the imposition of the new rules. for example, the leverage ratios that have been highly controversial, they will be in accordance with basel around 2018. >> highly complicated. we're glad you're here to explain it to us. thanks, kate. heading towards the close, 50 minutes left in the trading session here. the dow -- one of those days -- not telling the whole story. it is slightly lower, but the s&p and the nasdaq are trading higher at this hour. >> you can blame coca-cola for a

the report adds that it has helped them become the world's most profitable bank. hsbcd's best brand. >>> roadside construction signs, who tampered with it and how stunned drivers reacted with it. >> plus booting the barge, why they came through and why they are ordered to move even though it pays almost $80,000 a month to be there. ve grandpa to his speed dating this week, so i should probably get the last roll... yeah t i practiced my bassoon. [ mom ] and i listened. [ brother ] i can do this. [ imitaterobo] everyone deserves ooey, gooey, pillsbury cinnamon rolls. make the weekend pop. [ angelic music plays ] ♪ toaster strudel! best morning ever! [ hans ] warm, flaky, gooey. toaster strudel! [ female announcer ] try new pillsbury heat-n-go mini pancakes. . >>> lucas wanted to build a museum, houses a collection of star wars art and norman rock well paintings, on the site which is now occupied by a sports basement store, however the they have compete being trusts from two other proposals. >> i would be terribly disappointed if he decided to do that. >> the trust said h

over at nucor course, bank of america is adding to the number one best, most say it hsbc upgrading afterrading after the earnings. when you have a disconnect like that, earnings estimates coming in here, stocks down there. you can see how companies respond. finally, take a look at the 12th companies where earnings estimates are going up and stocks are still down from montana -- mosaic. i do not have time to give you all 12 but i will post them on twitter. >> thank you very much for that. we are on the markets again in 30 minutes. bloomberg "west" is up >> live from pier three in san francisco, welcome to "bloomberg west." our focus is the

manufacturing in europe underlying the fragile picture and the eurozone. hsbc's china flash figure fell to a new low. eunice, to what extent do we have to discount those numbers coming in in february because of the chinese new year lunar holiday? >> well, that's exactly right and what most people are saying. just hold judgment before the numbers officially come out in march because of the fact that there are so many seasonal factors at play here. the pmi, if you actually broke it down, didn't look very good. the new order figure came in a lot weaker than people had expected. also the new export orders weren't very good. and the one component that really surprised people was the employment number. we saw a large dip in that employment figure, which was surprising because usually at the end of the lunar new year holiday when things start to pick up, people start to see factories hiring workers. so that was one of the surprising factors. overall, people not encouraged by the numbers, but people saying let's wait before we rush to judgment. carolin. >> eunice, thank

, the market growth sat the weakest level in four months. joining us is karen from hsbc. good morning, karen. we are looking at the pmis here and we look at the future activity index, it looks like a lot of people are betting on an export recovery. what's the story here? >> i think that's the question. we'll see the financial markets have reacted in quite an abrupt fashion for the outlook for the emerging markets and have seen big currency declines. some interest rate hikes and some fairly large ones, so the question is, are we going to see a positive reaction from those financial market moves? say weaker currencies promoting better exports, or will these current account imbalances adjust by weaker imports and slowing domestic consumption? it does seem from the results of the survey that maybe it will be that positive side to the adjustment, which is better exports and reaction to the weaker currencies. >> the report is manufacturing sentiment at a ten-month high, but at the same time we've got the sector seeing a record low. there's a huge divergence there, isn't there?

the u.k. banks, hsbc weighing in on that index. the german market is lower 1.61%. perhaps some of the turbulence slightly affected export conversation there is, but much stronger than expected. we'll break it down in terms of the investor. on the stop side. on the sown side here, we'll hone in on the bank sector, in particular, because it was hsbc drawing a lot of the intention. investors there are not happy about the full eu results far weaker than expected. we saw a profit vortex rising just 9% to 22.6 billion dollars. they played down the volatility we have seen in the emerging markets. a lot is from china and the asia pacific region reducing costs quite dramatically. 60 businesses already solved. 40,000 sold and have tried to playoff for the most time. but you can see the stock down 3.5% as they managed to raise the pool. i'll have that note, back to you, guys. >>> coming up, we have a lot to talk about the. the biggest name in mobile and soci social. we'll give you the exclusive edge on the latest app, but dare i say snow is headed to the northeast again? i ma

. >> i think we should also congratulate the tremendous success -- [inaudible] mr. speaker, this week hsbc announced the bonuses of 2.3 billion pounds and 140% pay rise to his chief executive. when ordinary families face the cost of in crisis and so many young people languish, is it the time for this government to listen to labour and fight the bonuses and get our young people back to work? >> let me join him in congratulating team tv for the best metal performance since 1924 at a waitress game. it was a huge honor to welcome them to downing street where i had an explanation of the task of skeleton bobsled and, indeed, curling by think our congratulations go to ago involved. on the issue of bank bonuses, they are well down from the appalling situation that was left by the last labour government. what we need to see is proper control of all forms of pay, pay and bonuses. what i don't want to see and what i think we get from the party opposite is focusing only on bonuses because of course you can claw back a bonus. you can't claw back pay and we don't want to go back to the days of fred good

international in this estate was bulletin been to the news coming she liked from knowing the other headlines this hour. hsbc bank sees positive signals from vietnam's economy despite outstanding

over in hong kong, the hang seng index lost round in the afternoon session. heavyweight hsbcabout 10% of total market cap fell 2.7% after earnings miss. elsewhere, seoul shares climbed to a one will have month high and australia ended marginally in the red and india's sensex ended higher by a modest 0.2%. japan's softbank shares jumped over 4% after a leak saying they were looking to buy a stake in line corp. that's a look out of asian markets. back to you. >> thanks for that, sish whip. have a good evening. nwc 14 is under way in barcelona. a major redesign has been unveiled by shazam. louisa is joined by the ceo in barcelona. hi, lou. >> yeah. and i just learned, as well, that they are muck the 20 most popular apps globally and the second most downloaded app in france. as you say, i am joined by the ceo, rick riley. great to see you. >> great to be here. >> how does it work? just in case viewers aren't familiar, how does it work? >> absolutely. people use shazam over 17 million times every day. all they do is push the button. it takes a signature of the sound waves, takes i

the guard was sprayed with some kind of chemical after making a regularly scheduled pickup at the hsbcn ex-agent says workers made fun of nude images they got from the full body scanners when they fooled around behind closed doors. the tsa says the problems are inaccurate or no longer true. we report. you decide. >> thanks, tucker. ever since his daughter started kindergarten, garth callahan put a note like this one in her lunch box. >> sweet. but when he was diagnosed with cancer, garth worried he wouldn't make it ho to his daughter's graduation, and neither would his notes. so he decided to write them in advance. he did. for all 826 days left until she was done with school. >> joining us with their story is garth callahan and his daughter emma. so great to have you here this weekend. >> thank you. >> garth, why did you decide to do this? did you think that i want her to have a lasting memory from me, but i may not be here to share in those moments later in her life. >> all those moments happened after my most recent sh cancer diagnosis. there's also been the implied promise there wou

the bank to post estimates that trail. profit was 26 .6 billion, 2 billion lower than forecast. hsbc has closed or sold 63 businesses as it tries to reduce cost. ubs wants immunity in the global investigation of currency markets. the swiss bank trying to become the first two report the conduct to american and european regulators. ubs employed a similar strategy last year when it disclosed is the liborle in scandal. las vegas sands targeting japan. they are ready to invest $10biln in the country according to the ceo. casinos are banned in japan but confidence is growing they will eventually be legalized. he said he would consider working with a local partner in the country. >> never thought about it. >> we call it las vegas sands, but 70% of the revenue comes from -- we ought to call it .lobal sands >> i can see the logos all over tokyo. we have much more coming up. dumping microsoft software for blackberry. how will this affect them? we will discuss that next. this is bloomberg television streaming on your tablet, television, and [indiscernible] bloomberg.com. ♪ lex good morning, eve

the moment? >> yes. specifically on hsbc. i think this bank looks quite attractive. he evaluation looks good. impressive. they have structured well. what we really need to see from them is capital return to shareholders. they can get the racial up, i think this can move off the back of that. we're still a little bit cautious on the european banks. i think there are losses that have not been taken in the banking system. we like the credit cards. we like the alternative asset managers. , theyk universal tanks look attractive as well. that is where we see value rather than playing any country-specific bank area >> some smart ideas. so little time. we appreciate your time this morning. global equity income fund manager. the lego movie continues to build success at the box office. the animated film has held onto the top spot for a third straight weekend beating off to new releases. the lego movie has now taken more than eight -- $180 million. it looks like a cool movie. we take to the skies. we get an insight into the daredevil maneuvers. all that's when we come back from

the revenue side. are we able to look at hsbc? kend where he would be interested in bailing out banks in order to own a bigger part of them. and the dutch part of at&t has plunged today as a result of the having -- right down on at&t after u.p.s. failed to buy it. the other thing i wanted to say to you guys is ramsey, the new prime minister of italy, has just given his first address to parliament in which over 70 minutes laid out his plans. there will be a confidence vote later. the main things were courage and innovation. still a lot of hope riding there. >> a long way from florence, simon, i'll tell you that. thank you, simon hobbs. when we come back, u.s. equity strategy tom lee of jpmorgan chase. and google's director of engineering says by 2029 computers will be able to understand our experiences and basically outsmart most of us. brings us to this morning's squawk on the tweet. if google is right, how can we prevent the robot apocalypse? e-mail us at squat street. we'll get your answers later this hour. ty difficult thing to.

the types of u.k. banks that divide value. when it comes to yield, hsbc. you trystands out. to assess lloyd's, it is for a political at the moment. we know the government is looking to sell more of the position out. but we don't know what that level will be at. rbs, well, who knows what is going on there at the moment. it is just a nightmare. at the right price we might be a buyer of it. >> it is well below breaking, the price, isn't it? the wholesale group and micro focus, what attributes to those types of companies have? >> just taking booker, for instance. it is tapped into the economy, as is michael page. you can argue that. the moreus is difficult country -- company to pin onto that. every stock has its price. some of these have had a good run in the last few weeks. they might need to come back. i am advocating a little caution. i recognize things can jump when you least expect it. we have seen a few swan songs coming out of stocks. they have done a spike and then they started to fall back. we could see that but the market as a whole. elaborate what that actually means

much more important is the fact that barclays cut back on its investment banking of perhaps 150 billion pounds. me, whichif you ask bank i would rather buy that or hs b.sc. -- hsbcs the one. cable talking about casino banking, the general banking has been the libel. >> a brief word on lloyd's? it has done very well. the trouble with lloyd's is in the share price. i think lloyd's is quite a boring business now. the next charge may be -- >> you do not do it in little chunks. you just get rid of it. >> we have 30 billion coming back. while people are in that mood. >> 10 seconds on manchester united. talks i am wrecked with embarrassment. >> i had to sit in between. thank you very much. ♪ . . >> welcome to "on the move." i am francine lacqua at bloomberg european headquarters in london. we are just moments away from the start of european trading and our markets team has everything covered. you're with me now is our european business correspondent, caroline hyde, ryan chilcote, and our markets editor, manus cranny. futures pointing to a higher start. it is all about the fed. >> the day, would they, should they in terms of positioning? the french, industrial productio

meantime, let's give you a look at what's on the agenda for tomorrow. hsbcaising its flash china reading for february. japan reports january trade figures while leighton and fairfax are among the top releases. >>> and a momentous day for families in north and south korea set for a reunion after being apart for half a century. >>> still to come on the show, as many of you know, i lived a few years in zurich, so here is my own person travel agency tips if you're visiting. if you could live anywhere, where would you choose? stay tuned as we run down the world's best and worst places to live. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and cons

the second part of the question is your view of auditing certain banks for example hsbc and other banksown to take part in the financing of the terrorist groupterrorist groups inviolatig and also in violation of anti-terrorism. the case was the most recent study done by carl levin in the senate. so what is your view on following the money fax >> i completely agree with the current federal effort to try to get at the sources of the financing. that is hard to do. i never say anything like money is the lifeblood of terrorism or that with cutting off the money supply we can strangle terrorism. i think that is a grows statement and politicians should never say that. it's like being elected to the job of the mayor of the city and to say i'm never going to end crime and if you come back in years you will want to reelect me. we wouldn't want to be deleted or should we. terrorism is important and it's one of the things you have to have some money but it doesn't take much to have been in the westgate mall attack in west kenya for example. something like that can be quite cheap. so it can be an el

but looking at further out, you wouldn't to want run this into the summer. >> thank you so much for all of that. hsbc'sl fixed income research with a warning there, something will break at some point. >> coming up -- meet the lady who helps the rich find love, a millionaire match maker joins us in a valentine's day special segment. tune in for that. ♪ >> welcome back to "the pulse." time for a quick stock check. thyssenkrupp, they beat on the numbers. they got a business in america. the loss goes crunch, from 122 millions euros to just under 17 euros. savings on target, and they're moving directly on. anglo american, earnings beat. this is the south african miner. earnings beat 2.7 billion euros. and taking it right down to 1.9 billion in terms of writedowns. market finally taking it on the chin at anglo american. two stocks on the move. stay with "the pulse," and you can find out all you need to know about love and dating in the new age. ♪ >> welcome back to "the pulse." live from lone dorning i'm francine lacqua. >> and i'm guy johnson. and these are the bloomberg top headlines. >> italy's prime mini

today that's a lot of money and how much it cost to shut down the federal government back in october. $2 billion is what banking giant hsbced for laundering drug money from el chapo drug cartel and about what the united states spends to feed the world's poor. that includes the cost of one provision in that recent farm bill that we talked about. how is it working? we get the answers in washington and on the ground in kenya as part of our series, the world unseen. that's where we take a closer look at the people affected by the news. take a look. >> this is coffee. >> kenyan coffee is the best. >> irene is a farmer in kenya. she struggles to support her three children. and she says part of the challenge lies all the way across the world. >> the problems we face when american bring their produces here and grains so we are unable to sell our grain and our produce. >> this is lush farm lands like these the key to africa's economic independence. but farmers hire tell me that american taxpayer dollars sent to help often do the opposite. according to usaid, this year alone the united states is spending $2 billion in food aid to c

well onstocks are doing the back of m and a speculation. hsbck missing estimates and that stock was falling. we will see of positivity will pick up another day and european equity trade. let's talk italy. big day yesterday. overcomeor problem one , the senate vote. the figures were interesting. only 169-139. the new prime minister has a slightly less majority them the last one. is that significant? 173, the majority. >> i don't think it makes a big difference. we know that the majority of the seen, and always been that is at least one of the they have aause different strategy. before was to go for institutional reforms and after they have been passed, a new election and if we win with the majority, go for economic reforms. maybe some more institutional reforms. now the institutional reforms are in the backseat. is toeally counts for him deliver on economic reforms -- the italians recession is not over yet. unemployment is still very high and there are lots of problems in italy. the expected growth for this year is coming mostly from export. >> y

the whole sector is rocking and reeling. if you look at hsbcrgan stanley, rbs, barclays, it is a litany of banks who have had legal problems in europe or the u.s. or most likely both. bnp is just the latest one to have the same problem. >> thank you very much for joining us. >> coming up next, nestle just reporting earnings. the world's biggest food company says it sees a challenging year ahead. nestle's push into new products after the break. ♪ >> these are the bloomberg top headlines. ecb president mario draghi says europe should have a single resolution done within five years. he says it will take an additional five years to reach his target level. he also expressed support of the european stability mechanism to safeguard the fund. >> we believe a single resolution fund needs a solid public backstop. an ability to temporarily borrow, market backed by guarantees from participating member states or access to a credit line potentially from the european stability mechanist. thatere are early signs tourists are returning to egypt. the 2011 revolu

the -- session in europe, on autopilot. then you have china. china, china, china, hsbc, manufacturing data shows a contraction. n-year low. france, pathetic, in contraction. one question is being asked. what is the b.c. going to do? if they do -- the e.b.c. going to do? if they do anything, what shape is that policy going to take? >> that story is going to develop. we'll talk more about the p.m.i. numbers shortly. what else have we got coming up for you? one of the biggest -- players in the world got the start by turning a brick road yellow. tech color is the company. ♪ >> good morning. welcome back. you're watching pulse pulse live from bloomberg's european headquarters here in london. i'm guy johnson. my colleague, francine lacqua off today. let's talk about the bloomberg top headlines. chinese manufacturing fell to its lowest level in seven months. worse than economists were expecting. asian markets experienced declines. facebook is buying whatsapp for $19 billion the biggest internet acquisition in more than a decade. they have more than 50 million members with -- 450 million users with one million users be

the bank of japan governor, mr. can you roda, told a parliamentary committee that it is too early to start debating qe exit strategies. joining us now is a japan economist at hsbche bank of japan minutes indicating its too early to talk about exiting quantitative easing. also, therein an indication, as well, that japan's gdp potentially could be cut, at least if you read between the lines. >> yeah. i think the minutes didn't really offer anything new. really, these minutes came from the january meeting. they largely left their inflation and growth outlook intact. since then, in february, we have had the worse than expected gdp number for the fourth quarter of 2013. yesterday's exports release showed january exports plunging more than expected, 3.5% on the month. so that data is out. i think the bank of japan is still focused on inflation as the key measure. to determine whether they need to find policy at another round of stimulus. and i think we do expect inflation print to come out, again, quite strong for the month of january. so i think they're keeping an eye on overseas economies, world about the export outlook. but they're still not shaken in their view t

the players. for 15 millionse dollars. all right, number after you are, hsbcl-year profit that missed estimates. of targets, and hsbc also said he would be impacted by greater volatility in emerging markets this year. >> number three, he eli lilly buying a poultry vaccine maker subsidiary.n a they say it's 2014 earnings forecast will be trimmed to two acquisition costs. >> number two, up 20% after creating a chipmaker with more than $2 billion in revenue. to get at least 150 million dollars in cost synergies. >> and getting to the number one of the day, ebay, as carl icahn criticizes the marketplace for a and of or report governance asks shareholders to vote in favor of the paypal spin off. he also told me just moments ago that he is afraid paypal will not be able to compete in three or after your years, so that is what is critical here. the future of paypal, he said, is very much at risk. and here we are at the close of trade. it is too close to call. at 1848 in order to reach a new high, and we seem to be awfully close him a but we could just be barely short

hsbc comes out with earnings later on. gears to what is happening in south korea. we thinking about airplanes here. following reports last week come a theny expects to sign a four into $20 million deal -- a $420 million deal. lg, the big story this morning. they're pulling out of low-end smartphones to concentrate on the more premium handsets. low-end smartphones in this point are getting a bit crowded. blue scope steel up 7%. blackgs here, back in the for blue scope steel. large-caperforming stock in asia so far. here, spending. it is also reporting a loss. in bangkok, down 1.5%. >> japan, back from lunch. what are the movers there? >> a lot of tech stories here. let me start off with canon. ,e have a local report reporting that canon plans to exit low-end compact cameras. if you're looking to buy something from canon, do it now. they are pulling out or at least stopping production of low-end compact cameras. nissan here striking a deal with the government of bhutan to supply them with electric cars. we had some breaking news about a few minutes ago that this company is about -- it is the first foreigner that comes out according to com

markets are fine, but in the intermediate term long asia credit doesn't -- i want to see asia credit, all of our indicators in asia, corporations, cds on standard and charter or cds on hsbcere it was a month ago. that's going to get me more comfortable. >> what about the u.s. markets? what are you doing here? >> right now i'd be lightening up. i was on the show a week ago. i said now is the time to get long the market. we got long in the hole. i was on with you guys. i'd be lining up here short term. long term we're okay but intermediate term i think we're going to run back into some trouble because of what's been happening in asia. >> do you think think is a bull trap? >> short term there could be. there's a decent chance we could get back down to the lows in the next three weeks. >> gold is up to $1,300. would you buy gold? >> we're lightening up our gold positions we bought in december. but for the next six months we love gold. >> good to see you, larry. we'll come back with the closing countdown, see how we do at the end of the closing bell. if you think air travel is a mess right now, the worst may still yet be to come. a pilot shortage has hit the industry here in

hsbc. missed estimates. be impacted by greater volatility in emerging markets this year. >> number five is blackberry. a vote of confidence from ford. use qnx. ford has more than 7 million people -- vehicles on theond rated software. >> verizon communications forecast higher profit margins this year. following the 130 billion dollar acquisition and full control of its mobile home unit -- phone unit held by vodafone. >> number three, joseph a bank. men's wearhouse raising the bid for its rival retailer. it will up the price even more if joseph a bank terminates a separate deal to buy eddie bauer. rf micro two is devices. the combination is expected to result in cost savings. >> number one is ebay. for icahn has been calling ebay to spin off paypal. he asked shareholders to vote in favor of the split. he will join street smart anchor trish regan exclusively at 3:00 p.m. eastern. you do not want to miss that interview. coming up, the internet that boastsvice more users than apple tv. much more on that story in a moment. ♪ >> activist investor carl icahn wrote an open letter to ebay investors to have the company spin off its paypal unit. ebay has responded. trish regan has been going over this. issu