we was speaking to chairman and ceo of basf kurt brock. telefonica reported a fourth-quarter loss as restructuring costs outweighed sales. the phone company posted a loss of 1.83 billion euros. slightly beating analyst estimates. that is your bloomberg business flash. hans: thank you, caroline. people's bank of china reassuring markets that they have room to ease. there is one man not so accommodative. german minister wolfgang schaeuble openly opposed any fiscal stimulus package, warning that debt-funded growth leads to fying the-- to zimbi economy. mark carney raised concerns of his own. >> it is critical that measures boost domestic demand, particularly those sectors of the economy that still have healthy balance sheet. there are limits to the extent to which negative rates can achieve this. hans: -- guy: carney warning on the zero-sum game of negative rates. inflation remains a problem. french cpi breaking, year on year -0.1. we were expecting 0.1 positive. the month on month figure, 0.3. we were expecting 0.4. we will get more out of t

now, the chairman of basf will move" with the guy johnson. the one thing that is driving markets today, the s&p 500 hit a seven-week high. managedenchmarks had all february losses. what will come from the g-20? it depends if you listen to. from china, they have room to tweak. that we the prism of fx are perhaps the most focused. the uk's taken a battering, sterling has had a bad week. demolition derby in the fx market. just under 3% loss, they go. this is the worst week for sterling sense 2009. we have brexit jitters knocking consumer confidence. it is lowest since 2013, we have philip hammond come the u.k. former secretary warning that declines. -- i have a little bit of a demonstration. what you have here is a real -- preparedness. that is how the fx market is setting itself up. i want to put this in context. it is not all doom and gloom even though i'm on my own. oil is set for a weekly advance. the output needs to last release 12 months. oil trade is on the week. gold also rallying as well. rising, the question is do you sell laura we see

those lower oil prices are pinching company profits, including basf. the world's largest chemicals company -- announcing this week a 76 percent decline in net profits during the fourth quarter, mainly due to sputtering earning in its oil and gas sectors. as a result, basf says its cutting staff-- including half of its biotech and r&d employees. out of the 350 jobs terminated, 140 are from north america and 180 in europe. basf says the restructuring will be completed by the end of this year. those are the headlines...meteorologist mike hoffman joins us now with weather. mike, a major winterstorm and tornadoes this week. what big weather events should we be watching next week? thanks,tyne. i don't see a storm quite that strong, i do see an active weather week this week with multiple storms moving from west to east we'll get to that in a second. you'll notice on teh drought monitor, the moderate drought that was starting to pop up in central texas is now gone. that moisture dry side. the driest area continues to be california, western nevada. that has slo

basf says the restructuring will be completed by the end of this year. those are the headlines...meteorologist mike hoffman joins us now with weather. mike, a major winterstorm and tornadoes this week. what big weather events should we be watching next week? thanks,tyne. i don't see a storm quite that strong, i do see an active weather week this week with multiple storms moving from west to east we'll get to that in a second. you'll notice on teh drought monitor, the moderate drought that was starting to pop up in central texas is now gone. that moisture dry side. the driest area continues to be california, western nevada. that has slowly been shrinking over hte past few weeks, but still a pretty large area of extreme to exceptional drought out there. let's go day by day, three areas of lower pressur eyoure'g oign tos ee on modnay, wedneasday and fridya one in the east one in the west, and this week one on monday. in the northern plains. each one of these has some rain and snow to the north of it. a few spotty showers and sotrms in sourthern mississippi

german based research company john: basf is laying off 10% of its workforce in research restructure being the operations with about 350 layoffs world waoeufrd. about 100 of them are at the global headquarters in r.t.p. it says it plans it keep the research and field site in kohl's is getting ready to close what it calls 18 underperforming stores. we don't know which locations will be closing. it says the move is necessary to meet the needs of its online customers. the c.e.o. says the closures represent less than 1% of sales. jennifer lawrence can win her second academy award sun night. 2015. she is the highest pay actress in hollywood and you can watch the oscars here on abc11 sunday night beginning at 7:00. she was in joy and hunger games movies. she is hot. john: she is on a hot streak. a daunting task for folks in granville county. barbara: after a tornado rips strength of the tornado. john: new at 6:00 pilots putting their skills to the test landing nose

we'll te>> republicans debate as democrats head >> basf is laying off workforce. 350 people getting laid. about 100 are at the global headquarters. keep its research and field site operations. >>> the publix grocery store today back in the spotlight tonight. developer wants to buildal publix. that proposal is getting some stiff resistance from residents living in and around that area. they are concerned about the traffic. the town council will discuss a change to the zoning request at its regularly scheduled meeting tonight. >>> north carolina had one new flu death last week bringing this year's flu season death total up to four. that number ising isly -- that number is significantly lower than last year. 180 deaths were people over the age of 65. they're saying many people are not getting the flu because the flu vaccine is effective. >>> yesterday at this time, we were in first alert mode with a string of thunderstorms sparked >> just ahead, chris goes to granville county today talking to the people impacted by that tornado you can see here chris surveying the damage. what the residents

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let's look at basf shares. basically, it raised its dividend, even though it fell by 23% this year. matt: bsf. mark, uncertainty over the membership in the eu for great britain has weighed heavily on the pound this week. how is that working out for consumer sentiment? up,: it is starting to show matt, and other measures. this is the u.k. consumers economic optimism over the next 12 months. this is the measure from gfk, plunging to its lowest level in years. the referendum is going to have risks of uncertainty about the u.k. economy. despite the positives for households, the feeble outlook for growth, and the variety of economic uncertainty since the start of the year, it has to press our new year optimism. as you have said, matt, sterling has been hammered this week with the dollar falling 3.2%, biggest weekly drop since 2000. there are still 120 or so days to go before the referendum. matt: all right, mark, very interesting. we will continue to watch it. my reservation to fly over there and buy you a pitcher. jules, what are you looking at? julie: i'm looking at the prospect for in

. >>> killing call giant basf could be cutting dozens of jobs at research triangle park. the company is refocusing its plants biotechnology research. a move that will eliminate 350 jobs including 140 in north america. the plan includes keeping the research and field sites at rtp, they will be reduced in size. >>> president obama is detailing his first job. to recruit teens the president says he learned responsibility and how to work hard by scooping ice cream at baskin robbins in an essay posted to the networking site linkedin, the president said that rock hard ice cream was brutal on his wrist. linkedin has pledged to connect business leaders to young people the people. 35 million-dollar was pledged to the president's efforts. charle is one of the cities that pledged to help. >>> a new bill in new mexico could pass a sexting bill the people convicted of sending images of teens. but the controversial part is that there will be no penalties for teens ages 14 to 17 sharing images as long as it is consentual. >>> the new bill would keep the law enforcement out. new mexico at

. >>> chemical giant basf could be cutting dozens of jobs in the company is refocusing its plant biotechnology research for polio that would remove about 50 positions. while the plans include keeping the research at rtp, it will be down in size. >>> president obama is detailing his first job hoping to inspire businesses. he learned responsibility and how to work hard by scooping ice cream at baskin robbins. in an essay posted to the network, the president said that rock hard ice cream was brutal on his wrist. linkedin had pledged to connect people. the department of labor committed $35 million to the president's summer opportunity project for young people. >> charlotte is one the city's promised to help thousands of teens get their first job. >>> a bill in one state could make sexting legal among teens. new mexico's governor has until sign the legislation. the bill would create harsher penalties for those distributing or those possessing child porn. the controversy point would also allow minors ages 14 to 17 to share nude photos with each other and they would not be prosecuted as long as it is

chemchina in terms of the all-cash offer and the price, but could we see perhaps talks between monsanto and basf? francine: thank you so much. syngenta. really surprised that they share price did not move up? kevin: no, it has been typical in most of these m&a deals we have gone through in the last few months. they discount the offer just in case the deal does not go through. francine: do think it will go through? hopeful it will go through but clearly there are questions on national security grounds. more so, hoping that will flesh out a higher bid from on santa. we will hang on to the shares -- more so hoping that we will flesh out a higher bid from monsanto. did.uld make sense if they people are estimating at the moment that the chinese currency will gradually devalue overtime. you do it before that happens, while it is worth more. we do think m&a will continue across the board. francine: thank you so much for both joining us. simon redmond, standard and poor directors of ratings for commodities. kevin talking about syngenta. up next, one turnaround too many for yahoo!. the struggling busines

. >> and oil prices also harming ba basf. the company warning of an earnings fall this year after net income dropped to its lowest level in seven years. results were hit by the lower energy prices and the deceleration in china's growth. >> now, iag's full-year profit rose by 65% that that's at the top end of guidance. the british airways owner saw earnings boosted by demand for summer vacations and cheaper fuel, and it's forecasting more growth this year. >> we are also of course live in dublin for the general election. we don't need that music, guys. let's get rid of that. some real key issues here. a lot of them we can't discuss because there are very important broadcasting rules, but we'll be back after a short break with patricia king, who's the director general of irish congress. >>> welcome to "street signs," everybody. a very happy friday. i'm nancy hulgrave. >> i'm louisa bojesen. let's get you those headlines. >> dividend delayed. rbs shares plunge 10% after the u.k. bank tells investors to be patient on a pay yoult

. >> reporter: we are on marshaling votes at basf old wildlife refuge where human remains were found. all they have found his they are still missing other parts of the body. the police has not given us no additional details to this case. we hope as it unfolds we will have more information to give you. dan kerman- kron4 news. >> pam:hayward police still have not filed charges in connection with the death of 22-year-old stacey aguilar. police do have a suspect in custody. but will not say who. >> pam:aguilar's body was found on saturday. with multiple gunshot wounds along a rural road in fremont. she was last seen alive at a party two weeks ago in hayward. >> pam:her family reported her missing last tuesday. the same day her boyfriend was arrested for domestic violence. police say that charge was related to aguilar, but they have not said if he was involved in her death. >> pam:a sense of relief after the quick action of police who arrested two of three suspects involved in robberies in an eastbay mall parking lot, but there is still a suspect on the loose. >> pam:kron 4's haaziq madyun

the site is near sand hill road next to basf's former plant. >> here's ingrid with a last look at the skywatch forecast. >> ingrid: good morning, everyone. wind advisory out until 10:00 this morning for the counties shaded in brown. the rest of us will also see windy conditions. gusts up to 34 miles an hour in the valleys. high temperature 40 . tonight if you are headed out, bundle up. 23 . the wind will calm down a bit. mostly sunny, 49 in greenville. breezy conditions out of the northeast 8 to 11, gusts at 21. tonight the wind will be lighter but still cold, 28 . what about this weekend? milder. on sunday, super bowl, 50 expected with sunshine both days. then we see our next chance for wintery weather. a 60% chance monday. and staying very cold, 30s by the middle of next week for highs. here's yo skincare now becomes skinactive. new garnier skinactive introducing clearly brighter. a new active daily moisturizer to brighten dull skin. packed with antioxidant vitamin c, e and active lha. it does more than moisturize, it actively smoothes, boosts radiance and protects with spf 15. clin