lucky at boeing. another airline in this part of transitioning to all boeing. >> when you take a look at the for boeinge numbers lagging behind airbus. what are you going to do? >> the statistic that fuels it is in india. --that will last them for another five to seven years. has, as ithat indigo understand, is for 430 units. we are more than comfortable where we are. i think overall, we will continue to be leading in the wide-body segment. >> let's stick with india. some say it is ripe to explode. >> india has been our largest with country and are forecast. -- in our forecast. understand the base is very small. india is adding a significant number of airplanes. india, if you look at the exchange rate, the all-time high dollar is a deterrent. thingsinds of negative are more than offset by a very low oil price. india are showing profits after profits. spice jet has been profitable after a near debacle a year ago. we are quite bullish. all of those are really positive signs for india, too. the thing i w

boeing is responsible for a lot of that. the sec investigates its accounting on long-range projects for long-term -- long-term projects like it's dreamliner. this is spreading to other industrial companies because iss type of accounting widely used within the sector. general electric shares down by 3%. many defense contractors also trading lower today. lockheed martin getting hit. u none technologies, general dynamics, all of them falling along with boeing. .- united technologies union pacific is another one on our radar within the industrials group. ups filed a challenge to union send if weealmaking see any kind of deal in the railroad sector, that company, good news. fedex also declining. david: thank you so much. twitter added no new users in the fourth quarter. we'll hear from the company's coo next. mylan down 18%. international flavors and fragrances and prudential financial is down 8.9%. ♪ david: welcome back to bloomberg markets. twitter appears to be falling to their lowest price ever today. the drop comes after a

no comment from boeing or the sec. in paris, uber is defending its carved looking in court today saying it has never been found to provide an illicit taxi service in france. two of the company's executives are standing trial over allegations of fraud and illegal activity. dozens of drivers gathered to protest new regulations they say would put them out of work. that is your update. pandora, may be getting ready to belt out a swansong. the radio service has been talking about a possible sale. the stock is jumping on that news. it is no secret the base is chock-full of competition. pandora shares have fallen more than 50% in the past five months. investors will be listening for more when the company reports earnings after the bell today. cory johnson is in san francisco with preview. is it odd timing that they would be looking at now to possibly sell? >> swansong, really? times or pandora. a lot of things in the business have gotten better. strong growth, 30% in the last quarter. user growth increasing, adding a lot of u

. , the350 is the new body competitive model to boeing's 787. at the same time, they are reengineering the a320 as the neo could already have some problems with the engines on that model. they say they will deliver all the plans they promised to by the end of the year. they're releasing more a 330's when we thought production would dip. they're pushing that again. mark: as boeing is cutting output. >> there is a real contrast there. boeing shares tumbled the most since 2001 last month after they came out with their full-year delivery figure that was pointing to a decline in the number of planes to be built when analysts had expected an increase. thinking awe are 2.5% addition in deliveries. boeing is still ahead on delivery or will be by the end of the year. airbus is narrowing that gap. mark: a big interview today with the cfo. a quick peek at the european equities. we are five minutes away from the close today. have a look at the equity primary. we are down for a second consecutive day today. concerns about oil, china, the u.s. presidential el

boeing says the chinese airlines would require about 6330 new planes. but 70%. that is your bloomberg business flash. manus: david cameron is entering the eye no week of negotiations over britain's future in the european union and the message for his continental counter art is very simple. -- youwould hurt you to too. angela merkel made her views on the matter clear. >> my wishes that the united kingdom is and remains an active member of the european union. naturally the british will decide for themselves. this is in germany's interest and i also think it is in britain's in the interest of the entire eu. >> our next guest argues that brexit would make u.k. firms less attractive in terms of investment. he is the paul s policy chairman. that is ataying and boost. >> that is good news. they are a major global bank and have looked long and hard at where they should be and have decided to stay in london and it is a welcome decision. made it aar you've voice of how many jobs could be under threat in the case of a brexit. what it wouldut really look like if we wake up

boeing has become the subject of an sec accounting of these. abuse. investigators are looking into sales forecasts following a whistleblower complaint. boeing fell almost 7% on the news to close at its lowest in more than two years. both the airline and the sec declined comment. russiathe u.s. and 'slling for a truce in syria civil war. it also demands the immediate delivery of humanitarian .ssistance to besieged areas >> we are doing everything in the power of diplomacy to try to ring in and to this conflict. end to thisan conflict. in a way that represents a unified, nonsectarian, minority-protecting, secular, whole state. manus: michael fallon was at the summit, where this was discussed. he joins me now from munich. mr. secretary, thank you for joining us. john kerry admitted that the cease-fire was ambitious and said that the real test would come when all parties would honor their commitment. how would you describe the settlement? but it iselcome, tentative. it needs to be implemented in full. the russians, in particular, the to stop bombing the m

it it is boe day on thursday. we also have the specter of the referendum on break a little bit later on. the window of opportunity for the boe is quite small. to emerging markets. argentina's president is expected to present a settlement offer for the country's defaulted debt to clear the way for its return to the capital markets. the president spoke to bloomberg's editor in chief and devils last month. --avos lasts d month. york and the new first 15 days of our government to start talking. >> have you run into paul singer? >> i have not had the chance but now we asked for a meeting in new york. he postponed it from the 25th two the first of february. the first of february, we will find a settlement in the new york courts. a realistic, reasonable settlement with the holdouts. francine: the confidence of the president of argentine. patrick armstrong, ceo is also still with us. you, you so much both of for you sticking around. argentina seems to be turning a corner, appealing much more to investors. at one point do

goldman sachs, boeing and chevron are the three largest weights on that index. regulator this boeing appears to be following this general turmoil we are seeing. chevron falling with oil prices as exxon mobil and bp are reporting earnings. and the dollar have not held their rallies. julie: they tried, but it did not work. oilad a couple attempts for to take a leg up and then it has come right back down again. almost at the lows of the session, down nearly 5%. there does not seem to be a particular catalyst. it has been a two day selloff now. the biggest since summer of 2011. we are going into the weekly inventories report. it is not necessarily accounting for all the declines. as for the currencies, those we are watching, too. moveollar attempted to less lower come if that makes sense. the euro is gaining steam against the greenback as well. much. thank you very let's check on the bloomberg first word news this afternoon. hillary clinton's victory in the iowa democratic caucus means she will collect 23 delegates and senator bernie sanders will win 21. the party o

stocks like boeing, 3m, caterpillar pulling back. if you look individually, you'll see those declines. they are putting pressure on the dow. and there is the continuing decline in media stocks. yesterday it was viacom and 21st century fox. now it is disney and time warner. concerns.s causing both of those stocks in the red. i want to point out we have been seeing rates rise today. note, they gain in the yield for much of the day, now they have gone away. we have seen money flowing into treasuries and out of stocks. 1.7%, the lowest in a year. oil prices as energy stocks lag. those losses getting deeper as well. it is the fifth straight losing session for wti. betty: breaking news on the corporate fronts. the financial times is reporting the pharmaceutical company maker of the epipen is expected to announce a takeover of a swedish drug company called meta. -- called meda. the stock has been higher earlier. it is now trending a little bit lower. ae company is set to report takeover of sweden's meda. another drug merger in the works. on

with the boe magic number do with the last two surprises due 2014?4 -- did in 2013 and >> i cannot really explain the move that much in the sense that i think it is extremely marginal. most of these guys can aim to inceed, putting a flaw dollar-yen. we've had three moves by the bank of japan since 2015. first in april of 2013, then the second round and 2014. time they are doing something smaller than the previous style. which tells me also they recognize the monetary policy has its limitations. respect and implications for the yen from don't see the big story in dollar yen. mark: where is the big story? >> i think the oil related currencies are going to be subject to upside risk largely because they are priced in so much -- mark: oil related currencies could be subject to upside risks because they priced in so much doom and gloom. let's check in on bloomberg first word does this hour. courtney donohoe has more from our news desk. courtney: the french government calling for a three-month extension of the state of emergency. it has been in effect since

boeing ordered a potential strike this year. extension six year that includes a pay raise and more job security. it is one of more than's -- several agreements boeing has reached. in 2009, marx spent about $20 million for about a 1/5 stake in double line capital. oute then, they have paid 150 $8 million to oak tree. the original stake is now worth as much as 900 billion dollars. that is your business flash. and the cochairman appeared on bloomberg today to talk about that investment and what he makes of recent market volatility. volatility is normal. fits of volatility. i wrote a memo recently and talked about my friend, sandy, the airline pilot, who describes his job as hours of boredom punctuated by moments of terror. that is a description of the investors job. stephanie: that is how you describe an investor life? >> i think it is right or this is one of the last six weeks in the stock market, one of those moments of terror. normal. the reasons are not quite normal. i think the people have gotten used to dealing with norm

the sec is turning its sights on boeing's accounting for -- accounting procedures. is investigating whether the aerospace giant accounted for the cost and sales of two of its jetliners. the 747 jumbo aircraft. oftaking of the most off industrials now accounting for more than 86 points of the dow's 316 point decline. a financial reporting method known as program accounting. here to explain why this is problematic is matt robinson. explain to us what program accounting is. >> it is unique to the airline industry and gives a lot of in forecasting out expenses and costs. these are multiyear, decade-long programs to build aircrafts. it is a gap approved measure but if things start to change, you need to update it accordingly. the s&p is saying, since boeing has had issues with these two programs, did they up a -- update in a timely fashion? >> the idea this is based on sales forecasts, it is also based on declining costs. that is part of the issue. why now? it feels like this has been there for decades. what was the trigger for this? >> we understand there has been a whi

ever since we got these issues with the coco bonds, that orange line is boeing, boeing also feeling the strain in this market. joe: anxiety about the -- scarlet: i'm looking at industrial production in europe. are year over year moves. germany is the white line, today reporting a drop of 2.2 percent, the worst performance since 2013. even as the mystic demand remains strong. year over year growth in spain, yellow here, also slowing. ofs shows how the weakening global industrial activity is taking its toll on industrial reduction numbers, even with the benefit of a weaker euro on competitiveness and production. going forward, there may be more pressure because we have seen the euro stabilize. that might see a negative effect in the second half of this year. joe: pretty grim start to everything we looked at today. alix: you can see these charts and more on twitter. our next guest is j.p. morgan chief u.s. economist. good to see you. whoare one of two economist says negative interest rates could be a possibility in the u.s. map this out. >> were talking about hypotheticals. the economy is

china'sp next, is latest deal with boeing and airbus any closer to take off? we will get the inside scoop after the break. ♪ angie: australian police say they have seized liquid methamphetamine worth about $900 million, much of it hidden in gel inserts for push-up roz. -- push-up bras. several people have been charged in the hall. .- haul it is one of the biggest drug busts in australian history. the man leading the search for malaysia and airline flight says the mission may ultimately have failed. the case has been unpredictable all the way through. the plane disappeared almost two years ago with 239 people on board. the search will wrap up in june if no further clues are found. only one jet stream component has been found, a wing that washed up. as eu countries tighten their own controls, slovenia may tighten immigration rules after austria said it would shut out refugees once it's limit is reached. serbia and croatia may have to do the same. journalistsver 2400 in 150 bureaus around the world, this is bloomberg news. global aerospace leaders are gathering

we are seeing boeing, for example, rises, exxon mobil rise. the s&p and the nasdaq in particular are feeling the pain today. take a look at the bloomberg terminal. we have information technology stocks down among the most in the s&p. that explains why the nasdaq is doing so poorly today. anancials also declining as continue to see the yield curve narrow. materials and energy stocks to invest, along with utilities from interesting enough. where do we stand for the year to date for the major averages? the nasdaq remains the laggard on that basis as well. we have really seen big cap technologies pulled back, down 11%, as the s&p and the dow are down 11% each. one of the worst performing groups on the year has been transportation stocks, but they are actually rebounding to some extent today. if we take a look at transportation and utilities shares, what we have been seeing, the transportation average rebounding today along with utilities at the same time. we've seen a divergence of more in these 2 groups. adjusting that they are going in the same

airbus and boeing are trying to make our lives difficult. they realize this is in its ordinary product. it is an all new design in 30 years in that category. they know that all too well. product.he right we understand the market in where we are competing and we will win the campaign. haslinda: where is the demand coming from? for a very long time, bombadier had orders from china. >> we are having discussions across the world. this is an aircraft that is very versatile. whether it is europe, middle east, the americas, both north we south, and asia-pacific, believe we have an aircraft that is suitable for a number of applications. latin america is struggling right now so we are not putting a lot of focus there. i would say nearly every other part of the world is a potential for an upcoming order. north america, europe, asia and china. we are taking it to those markets. now.nda: cheap oil does that affect anything? five-yearr, two year, investment. this is a -- 14. you take delivery. [indiscernible] they are looking on a day-to-day basis. plann

mark carney is set to present the boe's latest economic projections. so, while compared you are watching "the pulse live here in

they provide financing for americans to export to other countries, companies like boeing and caterpillar. ted cruz will call it crony capitalism, or corporate welfare. looks like it was going down and it expired last june, but he came back to life in congress, back into law -- signed back into law by obama in december. carol: you do have these candidates bashing big business. at the same time, you have business doing just fine in washington. peter: what i am saying in this article, business should not just assume it is business as usual. carol: it may not be. peter: i think things have changed. ok, every year there are one or 22 candidates that will get out there -- there are one or two candidates that would bash big business. the mainstream people -- -- theg hillary clinton big trade deal going on. companies like low taxes, but are not extremists. effortspposing the fbi to unlock -- apple opposing the fbi's efforts to unlock the phone. so few companies are willing to do that. they are not ideological. they just want to please their shareholders, employees, board of directors, customers.

companies like boeing, and caterpillar into the very important. ted cruz will call it crony capitalism. it looked like it was going down. then it came back. congressack to life in , signed back into law by obama in december. carol: it is a fascinating cycle. you have these candidates bashing big business. at the same time, business is doing just fine in washington. as news of that comes out of this fuel the campaigns. , businessi was saying should not assume it is business as usual. i think things change. every year there is one or two canada to get out there and bash big business. you're hearing it from everyone, even jeb bush, who was considered the good candidate big business would have. he would have a line here or there showing it was that she was his own man. hillary clinton and marco rubio have even been pulled --hillary clinton came out skeptical of the transpacific partnership the big trade deal that business is counting on. bigl: it is interesting, companies like low taxes and light regulation but they aren't extremists. if they do stick

boeing fell almost 7% on the news. both the airline and the sec failed to comment. guy: thank you very much indeed. david cameron meets angela merkel in a final push -- this after the euro area envoy change euplans to rules. hans nichols is in berlin for more. walk me through this. plenty of people are paying a great deal of attention. hans: they need to start reading the french newspaper because according to four people familiar with the matter, the french are leading the opposition to this draft proposal. david cameron is celebrate in this as a potential victory. firm you think the opposition is tells you if something will get across the finish line. the dispute on the bankside -- we will do another one in the second, but can the eu in the eurozone have rules? how quickly can they implement and effectuate those rules. the others want a little bit more autonomy. that's what the french are objecting to. controlsown to, who the regulation and how quickly can it it be put into effect? there is still an east-west divide on that. there noting that mr. cameron still has

>> many people talk about it, but boeing doesn't see it. the reality is that we have never had to have customers so profitable. it is true as well that the low-cost is very dynamic. as a result of growth, there is a big fight among some competitors. all in all, i can confirm that we see the growth, and for a simple reason -- asia-pacific accounts for now 40% of our oth er books. this is the area of growth, and we will continue -- but this sis up the tradition. stephen i just: came off one of your brand-new a350's. qatar is a bit upset about his a320 neos, that he wants compensation. does that come from you? >> he is right. we will not disclose the commercial discussion, but what 50%ts is that it delivers reduction, and we have delivered those who look under the weeks. it's a slower start at what we expected, but we will catch up in the second half of the week, and qatar, like every customer, will be pleased. stepehen: are used stephen: are you seeing any indication -- >> no. it is clear that we have to look at that, but the projections of o

companies like boeing, and caterpillar are considered very important. ted cruz will call it crony capitalism or corporate welfare. it looked like it was going down. it expired in june, out of business, yet they came back. it came back to life in congress, signed back into law by obama in december. carol: it is a fascinating cycle. you have these candidates bashing big business. at the same time, business is doing just fine in washington. thank you very much. as news of that comes out of -- out, it fuels these campaigns. peter: as i was saying, business should not assume it is business as usual. carol: it may not be. peter i think things change. : every year there is one or two candidates that get out there and bash big business. you're hearing it from everyone, even jeb bush, who was considered the good candidate big business would have a line here or there, showing he is he -- he is his own man. and marcoy clinton rubio are more of the mainstream people, and hillary clinton came out skeptical of the transpacific partnership the big , trade deal that bu

boeing, chevron, intel some of the biggest drags. the top gainers in the dow on friday. back in a moment. ♪ carol: welcome back to bloomberg markets. let's check out where the markets stand. we begin with the s&p 500 down about .1%. we are seeing a similar trade just a little bit lower. down 44 points, .3%. because on the nasdaq you see the average bucking the trend today. those are your games on this friday. minister in mexico telling investors to expect the unexpected when it comes to boosting the peso. policymakers raised interest rates and cut government spending. and the u.s.eek dollar against the peso in the finance minister telling bloomberg that such surprise moves are a key element to countering speculators. isabella cowrote that story. it is fascinating to hear this in an era where there is so much transparency out there. achieve? he hoping to hashe mexican central bank been known to be very transparent and open. , in the interview today with the finance minister that is part of the currency commission along with central bank, what he is basically telling us

the company is looking to put a boeing broadcast satellite into high earth orbit. it will send television broadcasts to customers in india, indonesia, and the ,hilippines on behalf of ses the european satellite giant. alix: thank you. earlier today, our bureau chief jason kelly spoke to terra firma capital partner chairman and cio guy hand in berlin. scarlet: jason began asking about the overall mood of the conference. of 2007, ins me munich, around november, we had the biggest conference we ever did. of course, that was followed up by the crash. that thespeech saying bankers would go back into their baskets, like dogs, and received dog biscuits. i still have dog biscuits. i will probably eat them one of these days. >> are you expecting more biscuits in the next couple of years, how volatile is the market? >> very. it is not really underpinned by any real look fundamentals -- any real fundamentals. it will flow around based on news that happens. >> how do you, as a private equity investor play that? isn't that good for business? >> for our portfolio business, volat

we have a fast moving economy now with boeing and bmw and a lot of other international manufacturing. polling showed donald trump way ahead. matt: i think trump is ahead but i don't know how much. he starts here with a good head of steam. as does ted cruz. carolina may play its traditional role of winnowing the field even further. people like the donald trump is willing to be outspoken and he is building gigantic crowds across the state and you can't deny that. mark: we will see george w. bush on the campaign trail for the first time in a long time. he is very popular here. he won here in 2000 over john mccain. south carolina saved his campaign. his father did well here in 1988. we want to see if that translates into its support for jeb bush. see if maybe the 25% of supporters who are undecided will go his way. john: in 2012 newt gingrich won this primary by a lot. hard for me to understand how a state that saved bob dole's campaign in 1996 and was good for george w. bush, how does newt gingrich win this state? matt: in 2012 newt gingrich was catching fire in that last debate. record

of that bytell any looking at plane orders for airbus and boeing. about theo airbus ceo growth probability, profitability, and future of airbus. >> many people talk about it, but we do not see it. boeing does not see it. but the reality is we have never had so profitable. it is true as well that the industry is very dynamic, there is a lot of growth. there is a big fight among competitors. all in all, i can confirm that we see the growth, and asia now counts for 40% of our deliveries last year. this is the area growth, and it will continue, except if everything collapses. but this is not what we see. >> i came off of one of your brand-new a350s. a little bit upset about his a320 and the delays with the engine. he wants compensation. with that comes from you or pratt & whitney? >> he is right. we have to look at this. will a slow start, but we catch up the second half of the week. every customer will be very pleased. >> are you seeing indications from customers, that the new generation engine are not as welcome what the new low price of oil? >> no. i

staying with aviation, boeing bettingthat china's -- that china's market will surge. made 55 orders and commitments. the plane maker predicting that china will need 1000 cargo planes over the next 20 years. on -- expecting to receive a recovery in the macau casinos. more tourists from china visited. sands china planning to open its $2.7 billion resort by september. isck to the script, why fifa telling its would-be president to watch what he says. ♪ rishaad: a look at top stories, ofrp shares swinging wildly to the nikkei reported that foxconn would buy the company. the bailout was up against a bid from the japanese government. south32, surging in sydney after announcing plans to cut the global workforce by 1700. a 94% plunge and first of earnings, following the collapsing commodity prices. new zealand's expansion plans paying off with profit up as it benefits from the lower cost of fuel. 150%, there than airline predicting earnings good job by 70%. tokyo closing out that morning session. where having a look at what is going on. yvonne: the index weighed down by chin

why boeing and airbus are keeping their bases in china. coming up up, the roller coaster that is japan. we are going to ask of the economic track shows any sign of smoothing out. you are watching "asia edge." ♪ >>>> these are the stories making headlines around the world. taiwan has ended the search for victims of last week's earthquake. but two of the dead were found in the 17-story golden dragon apartment complex, which the quake.n the developer and architects have been arrested on suspicion of negligent homicide following accusations that corners were cut in construction. china has called on the u.s. to 76 years of hostility towards north korea in the hope of persuading kim jong-un to give up nuclear weapons. a u.n. armistice was agreed to in 1953 to end three years of fighting, but the two sides remain technically at war. the head of china's foreign affairs committee says beijing is annoyed about kim's program about more concerned america's response. maritime security in the south china sea is expected to be on the agenda as asian le

. -- the turbocharged engine provides the same thrusts of 11 boeing 740 seven jet engines. it consumes more than 200 metric tons of fuel each day, much more if cruising at its top speed. this is not necessarily a ship built for speed. it is optimized for what the industry calls slow steaming. it is more efficient at reduced speeds. it's a difference of up to 100 tons of oil per day. >> as night fell and the last containers were loaded, benjamin franklin snuck off into the night. >> maneuvering this giant ship h, two the birth -- bert pushing, two pulling. >> we have four huge ports. >> we sailed south in pitch black through the crowded sea lanes of the delta, arriving five hours later in hong kong. more car go to pick up on the benjamin franklin, bound for it -- cargo to pick up on the benjamin franklin, bound for the consumers in america. rishaad: steve, how was the journey? steve: i am still a stowaway on board the benjamin franklin. we have been on board since yesterday. we came down from hong kong, and the crew has finally woken up. the captain is standing to my keeping

other big gains, a pretty diverse group -- boeing, chevron, united health gaining with the new medicare advantage rates on friday. also want to look at the best .ut performers on the year verizon gaining on the year, walmart, kind of surprising on this list. it had been gaining on his perception as a more defensive stock. oil is down for the year to date. it has that big rebound, vonnie. much,: thank you so julie. we will check in with you before the close. mark crumpton is manning the news desk. mark? mark: thanks so much. 45-year-old jason dalton has been arraigned on charges in connection with the shooting kalamazoo, michigan. he invoked his right to remain silent and ask to be represented by a court-appointed attorney. saturday's shootings took place while dalton was on his shift as a driver for uber. british prime minister david cameron warns there will not be a second chance to stay in the european union. forferendum has been set june 23. he made his hitch to stay in the eu before members of parliament. mr.e minister cameron: speaker, this is a vital decision for the future of our

what kind of effect did it have on the boe policymaker's thinking? were --on't think they that was in line with our expectations. going forward, the thing market participants have to be careful for is just how aggressive they get. we don't see that move followed up by further cuts into negative territory by the european central bank in march. to see the feds not be so aggressive this year, all of the sudden, the bank of england's interest rate might look relatively high and that might have implications further down the line. at this point, both we and the bank of england would expect they would not have be considering cutting rates from here. alix: it seems like the markets disagree. i'm looking at the work function for the u.k. that measures when there will be a rate hike versus a cut. this is really ugly. there's no possibility of a rate hike, and fact that market pricing in a 34% chance of a cut. do the markets need to reprice or does the boe need to factor in the market? possibleink one explanation behind the pricing is partly based on the reacti

whether they can continue their magic and secondly, boeing, whether the cycle has turned down. they simply cannot sell as many planes going forward. i think those are two very interesting symbols, and i would draw investors to look at those companies. mark: central-bank coming to the rescue? stephen: they camp, but they have to ratchet things up. we saw a big shock on friday. a move to negative interest rates. the ecb is talking about further easing but what i'm concerned about is the politics in europe. it is simply the politics. will the germans continue to acquiesce? there was an interesting article in the financial times last week where they are positive, what could a deal look like on the refugee crisis between germany and greece? he put the money on the table and said, if there is a debt write-off perhaps greece will take control and. any more refugees going forward into northern europe. it is an interesting viewpoint and i'm afraid i do share his point, that the politics do affect the monetary side. mark: will the eu acquiesce to david cameron? try and hammer some kind o

vonnie: i thought we on the job before friday -- we are looking at boe today and the whole week is full of stuff. one writer says that although the markets have been conditioned to expect repeated liquidity, what they need is saysmentals that -- he that the labor market needs three areas of strengths and gain 150,000 jobs are more. --: and it would also send part of the anger on that political trail is a lot of people are not enjoying the economy. vonnie: and the subcomponent and services was lower, still an expansion territory, but there are some signs -- tom: can i give a shout out for his new book? author of "the only game in town." it's actually in english. it. got game theory in vonnie: very readable. under 400 pages. tom: we need a fight that a change in our analysis of the bank of england. their operative economic word is delay. we'll speak with deutsche bank's chief united kingdom economist, george buckley. thrilled to have him stop by to see what the house of connie will do. arney willse of conni do. a comfortable but not breakout bid. i'm calving the cranes in london. caroline

i mark: does it make a difference to the thinking of the boe, this upcoming referendum? factors into the decision in the sense that over the next four or five months they will know the absurdity, so it makes it less likely to change rates. i think that the fall in sterling becomes an increasing issue, because the longer it goes on and the further it goes the more it pushes up inflation and potentially that medium-term inflation. remember, we had a report from may where they would had to take into account these levels. mark: rob, thank you for joining us. yes, european markets are done for the day, u.s. markets are still open. up, the dow is up over 200 points and is on track for its biggest winning week so far this year, though it is just monday. let's have a look at them and nasdaq. legal has more from midtown, manhattan. abigail: we're looking at a rally here as well. taking a look at the worst percentage holder, whole foods market's. this after two food retail analysts wrote in a note that a potential height to the minimum wage could be a real negative for a nonunion

to launchll attempt today, the second of 2016, looking to put a boeing built broadcast satellite into hike-earth orbit, sending television broadcast to india, indonesia, and the philippines on behalf of a european satellite giant. global news 24 hours a day powered by our 2400 journalists and more than 150 news bureaus around the world. i am mark crumpton. alix: "what'd you miss?" an open letter from the council of economic advisers to senator bernie sanders and professor darrell friedman, quoted as saying that we are concerned to see the sanders campaign citing extreme claims about the affect of senator sanders economic claims that cannot be supported by the economic evidence. want to bring in john jay college, assistant professor of economics at jw mason. thank you very much for joining , the economy can grow much faster than what we've been experiencing, experiencing work, 2%, you done some professor friedman kicked it off. the economy unders a sanders administration with aggressive attention on growth and demand per yearw 5% or more and it is more jobs. critics say that is fantasy

boeing says chinese airlines planes in the000 next decade. that is 70% -- that is 17%. banks are taking a hatchet, the casualties -- about 70% of credit traders cut -- about 17% of credit traders cut last year. that is according to data compiled by hedge funders. there are claims the former volkswagen leader was told about the emissions cheating. german newspaper says the vw stopper broke the news to winterkorn saying the company cannot provide an expedition. u.s. regular latest would probably investigate. some engineshat have been fitted with emissions cheating software. -- setting a fixing at a high. .he skidmore -- let us get more we will be strengthening the yuan shortly here it >> good morning -- shortly. good morning, francine. there'll be some inkling within the industry to argue for a weaker currency. given the weak export. the are two points. first of all, it is not all about the strong yuan. part of a problem is weak demand. you look at shipment to the u.s. and japan, they all fell. not all of that can be counted by inexpensive currency. the economy is subdued

., one of the worst losers is boeing. probe, notg an sec helping stocks. joe: a very interesting day in the sovereign bond market. in europe, bond yields starting to surge. here is a chart of the price of the portuguese bond. to 89 as the yield surges. people are concerned that the socialist government is going to backtrack on some spending cut plans and that there could be downgrades, so once again in the eurozone we have all these issues of concern about government debt. meanwhile, the yields in the u.s. keep declining. an extraordinary morning, but more downward pressure. alix: were talking about the flattening yield curve. deutsche bank pointed out that if you have two-year yields below 1% -- saying the yield curve is distorted and we are at recession signals. scarlet: in terms of risk aversion, the yen strengthening. it gains in value versus the dollar, versus the euro, every major currency. was talk that the bank of japan might have to intervene. the commodity world have the same shakeout we saw and stocks. oil got pummeled throughout the day. at one

says votes to leave the eu could force the boe to keep the rates at record lows for an extended. of time. -- extended period of time. their understanding the likelihood of the brexit. instead of the 16 people who helped matt miller, focus on the one. stanley.k uses morgan he has a hold bank and i just have hillary over here. has a cheerleading squad behind him, too. matt: on twitter. want mark crying over his chart. i will have to hand it over to mark today. [applause] chart. love miller's i'mtaking february -- matt: taking february off. no beer. betty: still ahead, staff versus vs steph. steph stephanie ruhle brings us her exclusive with steph curry. ♪ mark: some breaking news from the world's biggest luxury goods company. euros --illion analysts were expecting 6.5. it is a beat. the company had an excellent 015, record in 2 revenue, record operating profit. let's talk basketball. betty: we are. bloomberg anchor stephanie ruhle will get the lesson in greatness from the nba's most valuable player and under armour steph curry from the golden state warriors. dwyaneie: i was

your trade of the week covers the town before the boe announcement tomorrow as well as the yen. tell us why you recommend going along the pound and shortly yen. >> the market is in the mood of getting out of positions that has been very bearish on on the story,with the grexit easing, and so on and so forth. in the meantime it has been somewhat positive, the japanese yen, with the boj coming across and doing what they did with negative rates on friday. alix: how much more downside do you feel is left to the yen? >> it returned a lot today. it was a wild day. 121,ved all the way up to 122. today we went back down to 120. we still think there's a lot of upside. kindet: do you expect that of volatility to repeat itself over the next couple of weeks? >> it will continue to remain uncertain in currency markets. it's good because it means the market will try to find a new equilibrium, where basically you requiretral banks easing. alix: do you expect negative currency rates are in translation at fx four? --central-bank stance negative rates is one mode of that stance. when it comes to t

the data likely to reinforce expectations that boe remains a long way raising its benchmark rate from a record low .5% " some policy say near zero inflation is keeping a lid on pay settlements. unemployment falling 60,000 between october and december to 1.69 million. employment climbing 205,000 to 31.4 million. jobless benefits fell 14,000 to in january760,000 taking the rate to 2.2%. nothing there to make us believe the bank of england will budge on its record low interest rate of .5%. any movement in the ftse 100, it is creeping higher today. up by 1.25%. whichs the 10-year yield last week hit its lowest ever level, down to 1.3%. since thursday, it has crept up to 1.43%, but still, the be global bonding market in 2016. that is the latest data from the u.k. anna: not all that much movement in the pound, either. let's get the first word news. nejra: brent crude is higher before a production meeting between iraq and iran. it comes after saudi arabia and russia agree to freeze oil yesterday. iran's oil chief will meet its venezuelan counterpart later. the minneapolis fed president has c

boeing and lockheed martin have lost their chance to be the pentagon's choice to northrop grumman that is now going to build a heavy bomber. the company can still pursue the dispute in court. business flash update. apollo global management agreed $6.9y adt today for about billion. apollo plans to combine them with protection one, a home security company they already own. shares are trading up by about 53%. for more on the story, we ring in our reporter on this. i see the 56% premium. why is this deal such a big deal? guest: it's a big deal because it signals the world is not ending. day, we were worried after two record years that perhaps things would slow down. markets have been going down, so people were concerned about how that is going to affect dealmaking. plus there are concerns about will people actually do deals now? only two weeks ago, the apollo cofounder was saying financing markets are shut and our pipeline is looking pretty troubled. brendan: what did they have to do to get a deal done in a not deal doing environment? guest: they offered a bit more inity than they would ha

argue, bigy would companies like boeing need global banks. there's truth to that. to scale toonomies banks. cost benefit analysis you have to consider the cost too. charlie: the cost is you may risk failing. big.se you're so >> who's going to be running j.p. morgan in 30 years. jaime.t going to be maybe it's not somebody who's as as mr. diamond.whether the downsize, the cost to the american people is so devastating. charlie: then the question of interest rates. >> she's put down the marker of dependency. has let's -- let's look at the data. a mandate. given us stable prices, which means low and maximum employment. the good news is the job market continues to be strong. to put more americans back to work. that would bring inflation back our target. i feel good about where she's taking it. charlie: should we raise the wage?m >> there are pro and cons. it depends on the overall unemployment situation. starting from a place of high unemployment and you raise the minimum wage, you make don'tder for people who have a job to get a job. if we bring the unemployment rate do

boeing -- lowering those prices is a huge part of that. so watch those os piece. scarlet: i'm taking a look at the number of brexit stories on bloomberg. this is the past two years. we charted it out. there is a spike in may of 2015 whenwing a u.k. election the ukip did not fare well. then you saw and easing, but then a steady rise higher through the fourth quarter, and a big spike up at the end of last year and early this year, almost 70 stores on a daily basis. the new worry is the bank of england can't or won't raise interest rates because of market turmoil, and the braves it vote creates terminal -- turmoil. we've seen the brexit fears resonate in sterling as well. next week is going to be the meeting between the eu and the u.k. to see if they will approve the terms of the proposal to stadium. -- to stay in. scarlet: what could be the tipping point that pushes the u.s. into recession? the chart you need to look at next. ♪ the conference call. the ultimate arena for business. hour after hour of diving deep, touching base, and putting ducks in rows. the only p

mark carney is set to present the boe's latest economic projections. so, while compared you are watching "the pulse live here in london. manic morning for the markets. let me take you through the moves we have seen already. europe is seeing something of a bounce. london is up because the miners are trading higher. the normal names we have been tracking since the beginning of the year up very sharply. it is the commodity trade that is on. the dax up .3%. %.ock 600 up by .2 the banking sector has been putting focus on the cs numbers. we will talk about those in the moment. massive move yesterday for the price of crude. today we are trading at $34.97. dollar-yen, keep that in mind. you have got a 10-year german gbund trading at .3. still incredibly low. we will talk about where bond markets are going very shortly adiinng u.s. 10-year traidin at 1.88. here is first word news. nejra: shell has said fourth-quarter profits fell 44% priceshe routes in crude deepened. profit adjusted for inventory 8 billion.rank to $1. shares are trading higher this morning. sa

this is airbus's answer to the from boeing,stage which was discontinued last year, getting airbus a potential opening. this new a400m belongs to malaysia. but the plane has been harder to sell. a slew of development delays, cost overrun, and a deadly crash last may in spain has overshadowed any trauma -- any trams. the silver lining -- >> we have not had any cancellations. stephen: after receiving at least 174 firm orders, there are just 23 in service today, almost all in europe. turkey has three and malaysia two. for a, not a good return program estimated to be $5 billion over budget. >> of that production has stabilized, we are recovering. we will be focusing on the months ahead into getting additional exports. stephen: what other nations are you talking to in asia? who would be a good customer? >> and a customer would be great. the airports in this part of the world are extremely professional, be at indonesia, singapore, thailand, vietnam. stephen: even at $200 million per plane? aircraft, but very expensive. to afford that, you need to be in deep pockets. while airbus is not in talks with

thank you for telling us about the fed, the boj, and the boe. thank you so much. mark, but get a check on markets in the u.s.. abigail doolittle has more from the nasdaq in downtown manhattan. abigail: we are looking at a big selloff. one that is leading and outpacing the others averages. this is for two reasons. we have a lot of weakness in biotech. we have big overweighting to big tex, cymer to all year, these names are down significantly. we are looking at amazon, apple, facebook, all down in sympathy with linkedin. plus, yesterday, cornerstone macro was out yesterday saying the momentum stock level -- stock bubble makeup. only look at amazon and netflix, amazon is down 25% from its record peak as is netflix. you almost have to wonder if that is a telework the comfort tech. switching to health care, another stock plunging. athena health care. care services company. shares are down after their fourth-quarter revenue missed. stock is trading at a huge premium. 243% premium. 25% short interest. all of this is bearish money and suggests the stock may drop to the bo

the industry will argue big companies like boeing need global banks. i believe there is truth to that. there are economies of scale. the cost-benefit analysis needs you have to consider the cost. we may risk another financial crisis. charlie: because you are so big? neel: who is going to be running j.p. morgan in 30 years? i don't know who it is going to be. maybe it is not somebody who is as good a steward as jamie dimon. we need to think about these things. the costs to the american people are so devastating. charlie: has the fed acted wisely? neel: i think so. janet yellen has put down the marker of let's not be dogmatic. let's look at the data. low inflation and maximum employment. the job market continues to be strong. that will lead to higher wages for americans. that will bring inflation up to our target. i feel good about where she is taking us. charlie: should we raise the minimum wage? neel: there are pros and cons. it depends on the overall unemployment situation. if you're starting from high unemployment and raise the minimum wage, you make

i actually think that you can these scholarly approaches to music making, phrasing, boeing, the right way to do it, but at the end of the day, it doesn't really matter play something. giving itatter of your full sincerity in bringing something fresh to the equation. there so many ways to be a musician, so many ways to be a conductor, so many ways to approach any given piece. what i mean by artistic magic is something that is fresh and convincing, what ever that means. it's different for each person. charlie: people call that the x factor. alan: that's exactly what i'm talking about. quality isd musical simply, what? musicianship? alan: welcome there is a technique involved. there is a competence one needs to achieve. it's great to have ideas, but if you can't execute them in a way that doesn't take away from the focus of the artistic message, good enough. quite there is an aspect of technical competence, but beyond that, it's the x factor. charlie: it's about the heart. alan: absolutely. charlie: you've said one mark of a great composer is how the sound is recognizable, even through a