brent: now for news from hollywood. the biggest stars. brent: stop drinking that kool-aid. the numbers are out. hollywood leaning the pack is a survival thriller. the revenant. the story of a group of fur trappers in 19th-century century america nominated in 12 categories including best picture and best actor for the film's lead, leonardo dicaprio. and another contender for best picture is steven spielberg's trialer "bridge of spies." based on the true story of a cold war spy exchange. meanwhile, cate blanchette is a top contender in the best actress category. there's a lot to talk about right there. that's why robin is in the studio with us. mr. dicaprio has been nominated how many times? five. i was reading today this is his oscar to lose. >> yes, i think so. he's got to win it. i mean, what he's been through in this film. he's evidence -- evidently slept in the carcass of a bison. excuse me if anybody is eating out there but he's eaten things that we don't want to know about, raw things, and they say he's a vegetarian. this is method acting like you've never known it bef

brent: welcome back. danish lawmakers have passed a controversial bill allowing lawmakers to seize valuables from refugees to pay for their upkeep. they will have to wait twice as long for family members to join them. india's military minded cultural splendor was on full display today with the republic they parade. the event honors the day the indian constitution came into effect in 1950. a battalion of the french infant street joined the march -- the french infantry. the french president was the guest of honor. >> delly is one of the world's most polluted cities, but its record smog levels did not stop thousands of onlookers enjoying india's annual republic day parade. it was a pomp-fil spectaclel of military might and indian culture. ed french president francois hollande was the guest of honor. it was a show of solidarity by the indian prime minister following the islamist attacks in paris last november. the occasion was also a chance for the leaders to celebrate a host of agreements signed by the two c

brent: welcome back. the international community is calling for calm as tensions in the islamic world escalate. saudi arabia, bahrain and sudan have cut ties with iran. this comes after their execution of a leading shiite cleric. the united states is suing german carmaker vw for cheating on emissions data. they are seeking over $20 billion in penalties. here in europe, denmark has interposed temporary controls along with order with germany to stem the flow of migrants. the prime minister of the country saying that police will be conducting spot checks, and that the measures will initially be in place for 10 days. this comes after they reimposed border checks following a huge influx of migrants in recent months. most migrants to sweden have been arriving being a rail link. but as of this monday, people are being checked before they are allowed to board the train. that is a huge difference. >> officials are checking passports of people traveling from denmark to sweden. those without valid travel documents a

now back to brent and it's time for sports. brent: thank you very much. yes trillion open, big results to talk about. -- the australian open, big results to talk about. the spaniard lost to his compatriot fernando masako. as the sport attempts to move on from the fixing allegations. reporter: rafa nadal is not what he was. his injury and fall from grace shows no sign of ending. back to the drawing board. another well-known name crashed out in the first round. venus williams was beaten in straight sets. venus has not reached a grand slam singles final since 2008. the women's draw has been blown wide open early on. the chinese qualifier was expected to be thrashed the second seed, but the world number 133, nicknamed serena at home, had other ideas, and trounced the romanian 6-4, 6-3. brent: a reminder of our top stories. in amnesty international report says that children as young as seven are mining cobalt. the group is calling a manufacturers to step up the practice. chinese president xi jinping is trying to bolster trade ties in the middle east. his visit

brent: this is dw news live from berlin. july, mosquitoes, a virus and a warning to women inking about getting pregnant. the world health organization calls a suspected leak -- link between birth defects and the virus is expected to hit almost every country in north and south america. i will ask the who what should be done. also on the show, "business -- the president of iran visiting europe in need of foreign investment and with oil prices remaining low, a badly needed shopping spree for the country may have to wait. and and other greek crisis -- europe tells athens to get tough on controlling its own borders or else. it's good to have you with us. it is a relatively new virus and it is spreading across half the planet. it is suspected of causing birth defects. there is no treatment or vaccine for the virus, but tonight, a worrywart of -- worried world health organization is predicting it will spread to all countries in the americas with a likely exception of chile and canada. it is carried by a species of mosquito found in

brent: welcome back. our top story, at least two french students and the ukrainians gear have been killed in a 300 meter long avalanche in the french out three people were seriously injured. it occurred on a closed ski run. -- in the french alps. the farq rebel group -- a spokesman for the delegation seen here arriving for talks in havana today said substantial hurdles remain in the negotiations. three years of peace talks have failed to produce a peace deal. last year columbia's president and the farq leader pledged to reach in a card to in decades of fighting by march 23. but will that happen? i'm joined i germany special envoy for the peace process in columbia. it is good to have you with us. if you could explain for our audience exactly what role is germany playing in this peace process? >> we are supporting the peace process because we think it is about to happen. second, we support the government and civil society organizations in the piece called her and projects. and also some economic in. >> so y

brent: get your head around this. more people around the world have access to a mobile phone then to clean water. that is what the world bank finds in the recent report wednesday. despite a rapid spread of technologies, 4 billion people still have no internet access. the anticipated digital dividend are falling short of expectations. >> the world is just a click away for an estimated 3.5 billion internet users. the world bank warned that large populations are still without access. >> every day, there are 4 billion google searches and people not getting access to the internet and receiving full benefits. we know that while it is spreading quickly, it's not spreading evenly. we are making very specific recommendations for what countries can do to help their citizens begin to reap the real benefits and the dividends of the digital revolution. >> it supports new businesses and investment in infrastructure as well as education for children to encounter the danger of a digital divide between rich and poor countries. they le

we have fallen back below $30 barrel for brent and wti. for brent we're trading at 28.88 down by 3.24% on the day. wti crude is at 29.76. now both prices were sub 30 once so far this week. they haven't steadied below those prices so we'll see whether this time around they're going to actually stay below 30. so that's one to watch. also keep in mind that next week we'll see the resumption or the lifting of iranian sanctions. that seems to be spooking at markets at this point in time. i want to show you what the commodity currencies are doing. the australian dollar is getting hit hard once again. we're down 1.5% against the u.s. dollar. the new zealand dollar is also very dependent and we're seaing weakness in the african rand and canadian dollar. the canadian dollar falling to a 12 year low. 145.28. there's speculation that next week we could be seeing a cut by the bank of canada. >> well, general elections are set to take place in taiwan on saturday against the backdrop of stagnating wage and gdp growth. polls suggest that the country coul

for now it is back to brent for important news the world of german soccer. brent: teamwork. at the top of our show, oksana called for better laws to and tax evasion. but the former brian munich -- iranian president knows a thing about that. he was sentenced to time behind bars for tax evasion. he will be released from prison next month. he has been on date releases early last year. could be set for a return to the german champions. >> his time behind bars is nearly over. he will walk free at the end of february. after 637 days in prison. he is the man who made iran what they are today. -- byron what they are today. even while he was incarcerated, his biggest decisions were always linked to the team. >> i have noticed how important he is to this club. he is my friend him and he will remain my friend. >>'s lawyer submitted an application for early release, which was granted as expected. his good behavior was a factor. he has repaid more than 40 million euros. he spent christmas at his home in bavaria, and invited refugees to join him. now he can return to byron as he announced

looking at crude we are currently at $28 90 on brent. are we going to see more m&a from this, like we are in canada at the moment? >> absolutely. the industry is under an extreme level of stress, but it is those types of dynamics that provide a lot of opportunities for companies to think about it long term. thatere is one company does thing with long horizons, it's the oil industry. we know that there are a large number with severe credit stress and a high percentage of default . yet there are many oil majors with strong balance sheet and a capacity to pick up assets on attractive prices. we have seen them in the energy sector. >> i could not believe this, junk bonds were at 9.4%. some of that was obviously because of the stress we are seeing amongst shale producers. 2016w you've said that in the place to be if you want to make some money is in credit. would you go into u.s. junk bonds? >> we would. this is a market where you are clearly going to get some rising defaults. i think it's a question of -- is that higher default rate already

we talk that next, plus big news in brent. brent crude drops. ♪ ofathan: good morning to all you in europe. 51 minutes into the session, stocks are lower. -- 15 minutes into the -- we get u.k. pmi, and then the fed december minutes from the pivotal meeting and the first --erest rate hike since 2000 2006. they're all part of the same story. a weaker chinese currency, lower crude price, and pressure looking to hike rates even more. cocktail, a heady isn't it? the move into the chinese currency also absolutely fascinating as well. brent down to levels we haven't seen since the summer of 2004. exactlyrying to see what is going on here. others might say this is more to do with what is happening with individual companies. let's find out what is going on. view on the fed, plus a currency story from him. in energy correspondent also with us. let's talk first of all about the brent prices. >> certainly, the chinese currency is one of the elements. i think that one element is the u.s. shale industry is fighting back against the price

below 30 for wti and brent. we'll have more on that as we come back and as we head to break a look at all the international markets currently in bear market territory. we're back in a couple of minutes here on worldwide exchange. he think it smells fine, but his guests smell this... sfx: ding, toilet flushing sfx: music begins febreze air effects heavy duty has up to two times the odor-eliminating power to remove bathroom odors you've gone noseblind to and try febreze small spaces heavy duty... ...to continuously eliminate up to two times the odors for 30 days febreze small spaces and air effects' [inhale + exhale mnemonic] two more ways to breathe happy. >>> welcome back to worldwide exchange. if you're just waking up this morning check out u.s. equity futures. called lower. the dow expected to open down by 275 points. the nasdaq by 88. the reprieve in u.s. equity markets yesterday appears to be short lived. right now to this morning's must read stories catching our attention, i picked chosen one in the financi

brent, the overseas product just about an hour ago, brent traded under $30 a barrel. energy is one of the worst performing sectors. we can see with brent right now $30.18. looking at session lows at the moment for brent, when it hit that below $30 a barrel level. okay, so what are we talking about at the moment? seeing the most active energy names getting hit, and keep in mind, chevron is a dow component. when it's down 1.63% that is piling on deeper and higher. schlumberger, valero, williams, panoply of companies whether they're services or drillers, we're seeing a big problem with williams. down 20%. there are five names that account for half of the decline that we're seeing right now. let's go to the financial name, goldman sachs. goldman down nearly 4%. we already mentioned home depot. boeing, a big industrial, down 2.63%. widely held names. i can bet are most likely in your portfolios or pensions. walt disney down 2.63%, united health down 2.4%. first to you john corpina, the levels matter when it comes to electronic trading which dominates. when they see 1901 an

we are very focused on $30 for brent. we are very concerned on every single stock market move on the shanghai composite. should we have a more level had? james: we must certainly be rather than overly emotional. one needs to recognize the price particularly important to global markets on a day-to-day basis. let's unpack why $30 is not longer an important barrier. all about this is supply and demand. there has been a consensus that this year there would be 1.3 million barrels a day extra demand. the global economy grows more slowly. people are more efficient and the use of fuel. that demand is less. in terms of supply, a lot of people have been talking about iran coming back onto tap. that might be 300,000 barrels a day. the bit is the big number because the production is down around one million barrels a day - libya is the big number. it may change in the saudi and iraq pumping. what happens in supply and demand? i do think we are going to reach an excess supply to the point where they will be pumping at cost, meaning the

we had a big move on brent. 33 for brent. 32.6 for wti. halpenny is still with us. i would quantify 2015 is the europe currencies. 2016, it seems like we are going to see even more moves. randw a huge move in but also the australian dollar. derek: yeah. until we get some reduce volatility in the commodity space, we will have these terms of trade dynamic that is fueling volatility and currencies linked to commodities and currencies linked to china demand. so, we're pretty bearish. we still see further weakness in that space over the first half of this year. as i said before the break, if you get oil into the 20's which i think is looking very likely, we're assuming at those low prices that we are going to get some stability and at that point, a lot of what is anticipated in terms of supply and demand is in the price space. francine: we also saw a move on the norwegian krone linked to oil and the banks. is there anything to buy on the back of it? it's a forecast on oil, right? and it's difficult to predict. circumstances, you just stick to the dollar or the japanese y

let's look at brent crude. brent crude this morning at 31.12. the german 10 year at 0.7%. lots of market moves out there. let's dig into some of the stock moves with caroline hyde. and ase: one key gainer we head into lower territory, i'll show you some of the downers. up is yes for bank. of 6.7%. the bank reports better-than-expected numbers. they're coming out with 2.5 billion danish krone in terms of profit. they say the return on equity is above expectations. 11.6%. their overall target is 10%. here's your up performer. some of your underperformers, as oil dips lower, see drills. it is off by 8.5%. so many other oil stocks are starting to dip lower. seadrill was up 24% on thursday and friday. no wonder we are seeing a selloff. it seems as though oil is dictating rhythm market is going in terms of equities. kingfisher as well. from thetting notes chief executive, saying how they are going to return money to the investor. millions of pounds likely to come back in the form of share buybacks. doesn't seem to be living up to expectations. this is a strategy from the chief e

brent trades near a 12 year low as iran run orders of production increase. unilever says it is preparing for high volatility and tougher market conditions in 2016. we speak to paul holman.

we will see brent and wti trading below $30. the average price of the year has been revised down by every analyst. , we werer months ago thinking $60 on average for the year and now, they are thinking $50 a year. incrementally, they are thinking $45 for the year. using increasingly, investors buy protection for prices to drop significantly lower. jonathan: we will leave it there. thank you very much, indeed. retailer and the their christmas sales. damper onather put a big the retailer's sales. we will have more on this when we return. ♪ jonathan: good morning. i am jonathan ferro, and this is "on the move." a bounceback in the european session. a bounceback without much conviction. the terminal screen shows equities surging a little bit higher. one stock in the red is next, the u.k. retailer. 0.4% growth,n versus a 5% growth predicted. is notistmas performance pretty. caroline, talk to me. caroline: come in and have a look at how much this is underperforming. index is in0 retail the green and next is in the white. this is the

brent crude. and yourst consumer forecast is depreciating -- p eople will start wondering what you are in for. that's not just a supply story this morning. down another 3.83%, brent crude at 92 wti, the lowest since 2003. that your update on the market. here's a look ahead to what's coming up in the day. no shortage of eurozone economic data for this morning, consumer confidence numbers at 10:00 a.m., unemployment coming at the same time. retail sales are also coming up at to :00 a.m. u.k. time. we are really going to get a grip on the state of the european consumer. anna? the federal reserve's decision to raise interest rates last month was a close call for some policymakers, according to minutes from the last months fomc meeting. they show some were worried about too low-inflation. joining us now is richard you. good to see -- richard jones. good to see you. the decision was an animus. -- was unanimous. >> i think there was really a heightened concern about the fed being able to reach the inflat

brent cruise follows wti below $30. terror flights and low inflation comforted the policy decisions for central banks as the bank of england prepares for its new decision. welcome to "the pulse," live from london. i'm francine

brent higher. perhaps that's why you're seeing the rally in european stock market with the dax up 2%. u.s. futures also gaining steam following in the lead of oil. china closed higher overnight. that has to be helping as well. >> indeed. today we have been asking you on twitter, how low do you think oil could go. this was sarah's question very much. one viewer saying lower than my morning coffee and breakfast at starbucks. i'm serious. $12. >> that's higher than standard chartered is putting out. no forecast is too low which is why i thought it would be interesting to get the twitter responses. >> u.s. futures still in slightly positive territory. let's get to a few more corporate stories. fantasy sports sites getting the okay to keep operations going in new york for now. an appeals court announcing that draft kings and fan dual will be allowed to serve the new york area depending the outcome against the site fwis state's attorney general: it should be permanantly barred from doing business calling

this is as we see new lows for brent and wti as well. it all comes after a short and not so sweet trading session in china. following a 7% slump and triggered circuit breakers for the second time this week. all of this after a fresh five year low. >> how do these actually work? a 5% drop in the index activates a 50 minute suspension and if the benchmark drops 7% trading is halted for the rest of the day. this morning, a quarter of an hour suspension began into the recessi recession. let's check in on markets in asia. a sea of red once again, sri? >> that's right. confidence is shot at the moment so in the here and now what the authorities in beijing need to do is restore some calm and some stability in the stock market so arguably what you could see happening in term of the course of events in the near term is a repeat of what you saw in the aftermath of the worst of the route in the summer of 2015. we could see the pboc step up to the plate and announce policy support measures. whether it will have a longer term effect in restoring calm

brent crude -- a barrel of brent crude dippped below -- prices rose earlier this week on tensions between saudi arabia and iran. analysts continue talking about a global select -- supply glut. brent crude is still below the $35 per barrel mark. it dropped more than 6% throughout wednesday's session. the falling oil prices are once again putting pressure on stock markets. we have seen it before, and it is happening again this session. energy shares are leading the american indices lower this hour with just 25 minutes to go of trading this wednesday. we are seeing the dow jones down almost 2%. also, concerns about the state of the chinese economy, as the monthly survey of the service sector in china slipped to a 17-month low. in europe, we saw red ink pre-much across the board at the end of the trading day with the cac 40 -- red ink pretty much across the board at the end of the trading day with the cac 40 dipping. north korea said it had tested a hydrogen bond. let's talk you through some -- hydrogen bomb. let's talk you through some other news. netflix has announced the company is rolling

brent dipped below $28 a barrel. investors ismong that the lifting of iranian sections will worsen the oil but. a little bit of volatility in these crude markets throughout the church session. sandra potter is in dubai for us. -- samuel potter isn't the by for us. it is nice i think a shock that iran was going to come to the market with extra supply. if they can get that storage crude at and to the market quite quickly, the question is this -- what comes next, isn't? it? samuel: that's absolutely correct as you heard mark say a minute ago. iranians have talked about releasing 500,000 are sure barrels onto the market in the coming days. later, they are even boosting that to half a million barrels per what they're going to add is an unknown factor of course. in an oversupplied global market, it can only be bad news, in particular for the opec members and for the markets i cover here in the dcc. people,hen we talk to there is concern. the swing producer society just has not thrown it and the tally up. there is no sign o

brent trades near a 12 year low. decline.casts a steep unilever says it is preparing for high volatility and tougher market conditions in 2016. 2015, we have at continuously lowered our growth estimates. say thereum we can has been more follow-up time and that is the question we will see this year. >> european futures look like they are spurring signs of a very strong open for cash this morning. watch renault. what else are watching? let's find out. caroline: we have to keep it to bounce back. volatility still remains elevated. we have the vick stocks double where they were in december and today we're seeing risk appetites rejuvenated by worse than expected chinese data. bad news means good news once again. because we will see more stimulus and speculation of state funds buying up those equities in china, helping china have their best day in two months. clearly there is risk appetite when it comes to the equity side of the story in europe. germany.ye on about what financial analysts think is in anticipation. they thi

savings- brent: the to the consumer reaches a saturation point. rmb, m&a activity, spending, drilling, putting people to work, that is driven by high oil prices. that is not driven by the consumer saving up the pump. when you match the do, the corporate impact of high oil prices is much more positive to theglobal economy than savings is to consumers. in the piece, you mentioned a peace between iran and america. brent: this new kind of friendship that the iranians and the americans have come to, i think what you could see out of this is maybe some of the tensions settle down a little about -- a little bit. talkingo countries are and involved together. you can see a little bit of a cooling off. oil as a weapon stops. everyone pumping to hurt each other maybe stops at this point is a moreere perceived peaceful feeling. as a weapon, it has been used on themselves. brent: it is. but you can gauge the impact on yourself. you can run models. you know what it costs. you know how to breakeven per you know what it is funding. but the perception is that you

brent cruise follows wti below $30. terror flights and low inflation comforted the policy decisions for central banks as the bank of england prepares for its new decision. welcome to "the pulse," live from london. i'm francine lacqua. let's get straight to the markets. european stocks are falling for another day. this is after what some are saying is a very clear correction in the united states. the u.s. equity markets fell into a correction, meaning it lost almost 10% since the highest last year. i also wanted to show you the jakarta competent index. this is down from 0.5% after we saw the terrible blasts. you can see a quick check -- we will delve deeper into what the weakness may not mean for the boe, as this country is also wrestling with a referendum. now let's get to the bloomberg first word news with nejra cehic. : indonesian police say they strongly suspect today's attacks have links to islamic state. explosions and gunfire broke out in the center of the city, killing at least seven people, four of them believed

brent off by more than 3%. however, earlier there was a bit of a balance on hopes that we were seeing a rebound in crude. again, that's not the story here. sri jegarajah is standing by in singapore. >> i have been trying to get my head around whether you save this rally or you chase it. and i've been of the opinion that you fade it. the volatility is not going away. this correlation between oil and the stock markets is still very tight and very strong. you'll see that play out in your markets. and i'll bet you it will play out negatively as well on all markets given the fact that oil has resumed its decline. the bearish fundamentals very much reasserting themselves. the fact here is a lost these major indices did not recapture key resistance areas. the hang seng did not move back up. the shanghai is not back up. i think the writing was on the wall in terms of the duration and longevity of the rally that we saw today. but, let's not forget, it's all about central bank cutting back. we saw the reassuring messages

brent crude dropped 35 barrels -- $35 per barrel. expected tota is show fuel supplies actually rose. traders have shrugged off rising tensions between iran and saudi arabia. henry, you are not an oil trader. a lot ofeal with customers. you advise a lot of people who have to deal with the consequences of these prices. what are they telling you? henry: basically, clients are more than 80% of the top investment institutions in the world. a constant battle as to what it is they're looking for. the fundamental issue is an aggregate man issue. what is the rate of growth for the global economy. it is driving everything. .ice, oil, commodities this is a reflection of the issue. where increasing aggregate demand will come from, there is only certain amount of work that the world can do. there has to be a lot of engagement for fiscal authorities. matt: i have a cool graph that breaks down the different industry groups. you can see which are the leading industry groups weakening here. you have tech companies weakening, health care and consumer

brent: it's good to have you with us. a developing story, three people have been confirmed dead so far in an avalanche in the french outs. two of them are school children. they were killed when their group was hit in a closed ski slope. the third victim was a ukrainian tourist. a further three children are seriously injured, we understand. the groups teacher has reportedly been found conscious. let's go live to our correspondent in paris, lisa lewis. what more do we know about this

brent crude above $30 a barrel. for me, a big surprise, conventional window would say -- conventional wisdom would say when mario draghi hinted at more qe we would have a weaker euro. it is flat this morning. michael: you would have expected that to continue going lower. it felt when he first spoke, but it has gone back up. i've found a really interesting economic indicator for europe telling the story of the last few years in one product -- swiss watches. swiss watch exports have been declining for the last three years. that we havelowest seen since the great recession, down 3.8% last month. the whole year 2015 they fell to a new low. if people are not buying swiss watches, the high-end isn't spending the kind of money that is needed. johne: they went up after brought back some from davos last week. michael: maybe that is why tom was late getting back to the states. he had to get watches. vonnie: they were down 25% in hong kong. michael: that shows you where the economies are performing and where they are not. jona

brent crude was up by more than today, butstill up not as much as they were. certainly, these escalating temperatures are unnerving investors out there. there are always tensions between iran and saudi arabia. saudi arabia is backing rebels against the regime of bashar al-assad, backed by the iranians and hezbollah. they are on opposite sides of the war in yemen. as the execution of this cleric and saudi arabia, the torching of the saudi embassy, and the expulsion of iranian diplomats from saudi arabia, that has ratcheted up tensions eight not or two, and that is certainly unnerving investors as far as oil goes. it's also making some people think this is going to efforts to try to get some kind of cease-fire going on in syria, for example. that is something they have been working on. if saudi arabia and iran can't be talking to each other among their diplomats, then it will be harder to resolve the situation there. that is how things are playing out right now. so far, this has been a war of words, some very strong words , saying divineei -- rather than the ira

phil, what happened with brent? >> when brent crude, there is two major issues we're looking at. one is iran and one is libya, believe it or not. after the u.s. apologized allegedly for this iranian incident, the expectation we'll see iranian crude very shortly, next week maybe. that quickly. so that put downward pressure on that. at same time libya talking about a coalition government to work together to stop the fighting and get oil exports going. they feel that they can get some kind of a deal and raise exports 1.2 million barrels. that is what gave brent additional downside pressure. wti of course had its own issues after the energy information administration reported that we have a record amount of supplies of everything oil. that's right. crude oil, distillates. put it all together, we have more than we ever had before. david: how you get from oil in the nasdaq down 3 1/2%. it is a lot of down arrows. thank you very much, phil. melissa. melissa: here to weigh in, leif fidel american wealth management. scott martin, and gary kaltbaum, caught obama capital management and fox

by .1% even as we saw brent touch below $30 a barrel. oil today.hman on it seems to be a market sentiment issue. betty: thank you so much. let's get a check on the headlines with the bloomberg first word news. mark crumpton has more from the news desk. the 10 u.s. sailors detained in iran are now in being debriefed and getting medical checkups. there is no sign they were harmed. the u.s. secretary of state, john kerry, spoke to reporters. secretary kerry: all indications tell us our sailors were well taken care of, provided with blankets and food and returned to the fleet earlier today. i think we can all imagine how a similar situation might have laid out three or four years ago. mark: iranian authorities released the sailors after determining they reached territorial waters by mistake. president obama and vladimir putin have spoken by phone about the situations in ukraine in syria. the white house says the two men spent a large portion of the conversation discussing the need for russia to live up to its commitments under a cease-fire a

today, linn county supervisor brent oleson presented the study to the board of supervisors for consideration. oleson highlighted some demographics that show who would benefit from a minimum wage increase. the public policy study found 22 percent of the people whose wages would increase are parents... 13 percent are minorities.... 19 percent are below the poverty line... and 22 percent are on food stamps. last year, johnson county approved a minimum wage increase that goes up to ten dollars- ten cents an hour by 2017. t-v nine's dave franzman joins us live from the linn county administrative building. dave, the linn county supervisors don't want to follow the example of jojonson county? bruce, supervisor oleson isn't a fan of the there debated and passed a minimum wage change in a a matter of weeks. some small towns voted on their own to opt out. he sees a much slower approach with representativ es of communities talking it over first. at the blue strawberry, owner mike monnahan has anywhere between 8 and 12 full time employees depending on the season. all start at least a little bit above th

i normalize global equities versus brent crude. this comes from mark chandler. are they really comparable, when you look at them? not really. the world index down over the last year by 11% or 12%. crude is off by almost 40%. i normalized basis li for like, crude getting hit much harder. you really cannot hit that correlation seriously. joe: it is easy to lose the forest through the trees on a day-to-day basis. stocks seem like they're doing the same thing as oil. the magnitude is so different, so even yesterday's stocks fell. clobbered.t i want to dive into the terminal and talk about interesting economic data we got today. we got consumer confidence numbers, holding up really well despite all this market carnage, concerns about recession, the gold line here is at the highest level in over a three-month -- on the flipside, i want to do a comparison in the consumer confidence survey. they asked consumers, do you think stocks are going to go up? that has been tumbling. i circled two previous times in 2009. we saw them both plunge, but currently we're seeing a cons

does brent had to stabilize a little bit? if that correlation started to break down a little bit -- i am a little perplexed. oilander: frankly lower driven by the oversupply rather than lack of demand is a good thing for the global consumer. it can do one of three things, you can i do save it come spend it or use it to pay down debt. all three of those are good things in the long run for the global economy did i don't think you need to news -- i don't think you need to use a canary in a coal mine. i think the lower oil prices good for the global economy. that relationship should again to break down after a bit of stability comes in under oil prices. jonathan: the market has levered -- the yenn the growth story. the commodity boom. that being the fundamentals of the market. to a huge extent in credit. you wonder if the market is the real thing that is going to happen here. the economy is kind of secondary. the market is built itself around the commodity china high growth story here it alexander: i think that lays out and some

i want to show you brent. it touched below 28. both wti and brent below 28. tom: i was call this davos rationalization. davos over a barrel. we will be joined later with our usual lineup of finance and international relations. we begin with michael spence, not only on his economic, but with china as well. there are two things. a rationalization and a debate. china and oil. a contingent to the rest of the world economy? in a sense it is, because there is extreme uncertainty. jobhina does a better communicating, that will settle down. the underlying growth, while it has slowed, is the reasonably solid. we are seeing more volatility in the markets. francine: because people are trying to get to the bottom of what the chinese authority wants . yuan devaluation. prof. spence: get out, sell your stocks, wait for the evaluation to occur. a better job of communicating what they are really doing. tom: we'll have to talk about the markets on the move. you invented stanford education a few years ago, some would say. within that, i am sure you of rationalizing a market mo

it's just being moved a little bit further in to the future. >> kim: still brent feels the delay will give them a shot. >> a sense of self worth and a sense of purpose and start to provide for their family again, which is what we want everyone to do in the community. >> kim: asheville's governance committee will begin official discussions about removing the conviction box next tuesday. we understand, however, it has full council support. >> tammy: fire investigators are still working to determine a they were on the scene battling the fire until well after 3 this morning. the riceville fire chief tells us no one was inside when the fire started and no one was hurt. >> frank: happening this afternoon, another vote to repeal obamacare. house republicans say they are forcing president obama to face up to what they say are the failures of his healthcare law. there have been dozens of previous votes aimed at undoing the healthcare law. today marks the first time the full repeal will make it to the president's desk. you're looking at a picture right there of congress. the measure has already

crude still under that -- brent and u.s. crude under that the nine dollars a barrel threshold -- under that $29 a barrel threshold. there would likely be a surplus of at least a million barrels per day for the third year in a row as prices continue their downward slide. bank of america and morgan stanley have reported stronger-than-expected fourth-quarter profits. bank of america said net income jumped 10%. morgan stanley said it had returned to profit, just over $900 million. both banks said they were boosted by lower costs. the french lender is hoping for a list -- left by selling 25% of its stake in a network of regional banks. it could raise 17 billion euros. tiffany's will cut staff this year after holiday sales disappointed and dropped 6%. dollarhurt by a strong and a drop in spending by tourists in the united states. they cut the forecast for the year. france, renault has announced it will recall 15,000 vehicles. the carmaker has been in the spotlight since it was discovered many of its diesel tests. failed pollution

espn's fran fraschilla and brent musberger. their faces and voices have become familiar around ames on "big mondays" for the last few years. this week they stuck around a little while longer to share a few decades worth of stories with the ames chamber. roger riley brings us that story. temperatures will be mild overnight tonight and due to george: my family's lived on this farm for three generations. the bakken pipeline would pump dirty crude oil across iowa. patti: the fact that bernie sanders stands up against the pipeline is one of the reasons we support him. george: bernie sanders didn't hesitate to say no to the big oil companies. we threaten the climate and the health of our children. bernie sanders understands that. patti: bernie sanders has the guts to just stand up for what he believes in. the american people can't afford to wait for ideas that sound good on paper... but will never make it in the real world. the grandmother who has to choose between paying for medicine and paying rent... can't wait. the single mom who

brent unravels. the contracted dips below $30 per barrel for the first time in more than a decade. we will hear from the finance minister on what it means for that country. >> if we consider today's oil pricing, the ruble exchange rate, then don't take any measures, the deficit would more than double. we can't afford that. guy:

a big news is that west texas is joining brent. brent is finding new lows this morning. i think that is enough of a data check. we will do them through "bloomberg surveillance" this morning. vonnie: intel is branching out. they have made deals with espn and new balance and red bull. the products will be used to give audiences more information about the sports they are watching. pharmaceuticals will name a new ceo while -- is recovering from pneumonia. for now, the appointment of the replacement is meant to be temporary. the stock is down more than 50% since august. asres of gunmakers rose president obama's announced his own safety. gun sales surged in december after talks of new limits in the wake of the san bernardino massacre. that is the bloomberg business flash. francine: thank you so much. the federal reserve will release minutes today of the december meeting when rates were raised. let's bring back virginie maisonneuve and jonathan fenby. it seems like there is a difference between what the market expects and what the fed tells us. virginie: clearly, what we need f

brent also down hovering near a 12 year low. worth watching of course. we'll get stock pile data from the american petroleum institute later today. we'll have a look at stocks down sharply in asia overnight. japan's nikkei dropping nearly 4% entering bear market territory. by doing so we have been watching that, flirting with bear market territory over the last few days and resoundingly falling into that overnight. now the latest survey shows japanese manufacturing mood did slip this month. that survey coming out overnight and there's worries about a china slow down. more on the overnight sell off in asia from our colleague sri in singapore in a minute. >> but first u.s. equity futures plunging now. we're talking triple digit declines. they have been deteriorating all night. dow futures down 319 points. s&p futures down 35. nasdaq down 80. this after a rebound yesterday. >> just. >> just a rebound. it looks like we are going to go back and retest for the third question those august lows. we drop below that during yesterday's session. closed above it. we'

brent had turned back up. we have turned back up. the good thing for that is they managed to get back above 1,900 in the s&p, and they stopped right at the resistance band of 1917, 1921. >> the selloff yesterday really gained steam going into the close. 90% of the volume was to sell. why wasn't there a sense that it was oversold at that point this morning? >> well, i think there was still shorting crude. a lot of rumors yesterday about forced sales, some rumors that it was a hedge fund. other rumors that it might have even been the sovereign wealth funds who are suffering because of the lower crude prices. either way people tiptoed in rather cautious. you know, is there going to be a follow-through in margin calls? what do i have to worry about? >> there are comments about oil and inflation expectations. the rally didn't begin right away following -- i think you want to watch you had weren't from boston where heed. he is a voter. he appeared to have second thoughts about where the economy was going, and now you have bullard. two voti