Megan hughes looks at googles hightech way to monitor the forest. And peter cook is following the response to the violence in ukraine. Well get to all three in just a moment. Reporter, bloombergs joins us in kiev. A truce was announced yesterday, but it lasted only a few ours. What happened . True one really knows the story. The government claims that it was a provocation by the and theators demonstrators say, no, we were trapped. We dont know what exactly happened. In the early hours of the day, around 7 00 a. M. , skirmishes broke out. A lot of demonstrators were killed by sniper fire. We dont have an exact body count. Way more than 60 people got killed. In some hotel lobbies, near the square, there were pictures circulating of dead bodies on the square. It was very, very bad. Ministryes interior reports that mr. Does have Police Officers hostage. Is there any information on the release . Not at all. What we are focusing on right now are the European UnionForeign Ministers who had very long talks with the president in the afternoon that lasted almost six hours and was initially only scheduled for about 2. 5 hours. There was a break in between putinthe president called to run things by him. At the moment, the European UnionForeign Ministers have met with the opposition reporters waiting for them to come out and tell them what happened. We began by letting folks know that the European Union had agreed on those targeted sanctions against ukraine. Is there anything you can add to that . Are tryingthink they to squeeze the pressure on the government while trying to keep the communication lines open. Our good sanctions means they assets and deny them travel visas to make movement difficult. It is mostly targeted at government officials that are tied to the violence. He has been joining us this week from kiev. The site of that violence between the Government Military and the protesters in independent square. Thank you. The white house is expressing outrage over the violence in ukraine and calling on the government to a draw withdraw its forces from downtown kiev. Peter cook is with me in studio with more on the administrations reaction. Upwards from the white house. Tough words indeed. Tougher than what we have heard, even from some of the europeans. In terms of on the ground or changes in policy, nothing yet so far. It is clear that they are assessing what is happening in the ukraine and wondering if things are about to ratchet up here. Could the military get involved . That would be a pretty big line for this president right now. He talks about it in mexico. The consequences for the notinian government acting here. Fair to say that a range of options has been considered at the white house. I dont have any specific things specific decisions about those options to relate to you now. That late do know is yesterday there was this effort by the administration to again put travel visa bans in place for top ukrainian officials. We dont have the exact the mans. Civilian leadership there we dont know if they are going to follow the lead of the European Union. What can the, demonstration do . Is there anything that they have left in their arsenal gekko their tools are limited for sure. The most likely thing would be following the European Unions lead. Hands with blood on their , targeting their actions in being, freezing them from able to move those assets. Were not talking about blanket economic sanctions against the ukraine. That would have a limited impact. It would have unintended consequences on the people of ukraine. Trade between the United States and ukraine, pretty limited. It is clear that the president is being backed by the kremlin. Ofs this raise the specter increased tensions between washington and moscow . We see that already. The rhetoric is getting tougher. At theisis is happening olympics are playing out and the u. S. Is working with russia over syria and iran. This is a new crisis in the midst of these other issues. Only compensates thanks. Every step the United States makes in the ukraine coming up have to imagine that it is raising tensions with the russians. Peter cook joining me here in new york. Thank you. Up next, the firsthand look at the job in California Drought in california. Erik schatzker is live. Mark, the white house is busy responding to the ukraine. Last week, the president was here in california visiting with dealing with domestic issues. He was investigating californias worst drought in more than a century. I have been here all week and i spent time talking to all types of people across the state. Including one farmer who met with the president. Stay with us. Today, the u. S. Department of agriculture released its first Production Forecast for 2014. On the phone from crystal city, virginia. Alan, what does the usda say . What they said is that farmers this year are taking flight from risk. You are seeing koran down 3. 5 . And a 3. 9 increase in soybeans. See the usda reducing its profit forecast and Commodity Prices starting to go down, youre beginning to see a supply response as well. Farmers dont want to take on the same sort of risk that they get from foreign. For consumers, that means moderation. Two. 5 3. 5 this year. Livestock prices are going to record highs. Soybeans should help alice let out help balance that out. You know that the Agriculture Department also reported that the average age of farmers in america has increased while the number of farms has declined. Set the scene for us. What exact we does that mean . Trend that see is a is going on for three years in which the average air of u. S. Farmer continues to get older. The rest of the u. S. Population is getting older as well. Just like you see issues in the workplace with the baby boom generation, farmers are going to start retiring. What is interesting is when you begin to the data, theres an increase in the number of farmers under 35, which means growersre could be some with some opportunity in the next few years. Whatever happens to generation x, who knows . Numbers keep going down. The oldest farmers and the uptake among younger producers. We have been covering the drought in california. Well get to Erik Schatzker in just a moment. The drought does continue. How does that impact thanks . Is a wildcard for food prices this year. The vegetable income is about 15 of the farm crop economy. With gary also being a big part of the california with g dairy also being a big part of the california economy. 2013 marked the driest year in californias history. Erik schatzker has been traveling around the state this week, checking out how the severe drought is affecting californias businesses. He joins us now from california. You mentioned president obamas trip there last week. President obama was here in , central california, because the worst drought in more than a century is fast becoming an agricultural and soon to be economic disaster. We are talking about a potential loss of billions of dollars. I went to see a farmer who spoke with president obama. The white asse team singled him out somebody the president needed to see. Joe was among the more respected farmers in fresno county. He has about 2000 acres. Most of which you farms in a good year. This is not a good year. Jill has also been very outspoken about access to water. I want you to hear what joe and i were talking about, especially as it concerns the president s visit and his efforts to raise attention to the drought here in washington. We have been asking the president for five years to come and give attention to the situation. We have gone through some dry years and wet years. Five years ago, in 2009, it was a difficult year. We had a 10 water supply. I idled 900 acres that year. From normal was about 1 million less than normal. That isen this horrendous. Not counting all the other things that these crops generate for the local community. It was a terrible year in 2009. So were looking at the same thing again this year. Congressmenp of our and senators, come out here. We see this thing coming. We saw coming a year ago. It is here. Joe calls the situation horrendous. He is absolutely right. It is. The state is getting no rain or snow. Therell be no water available, the summer months. As you know, the president announced last week and effort to create a Climate Change fund. Asked if that will help him. He said, no. The only thing that will help us more water. The unique thing to Central Valley as it gets almost no rain. Agriculture in the Central Valley of california is a manmade phenomenon. It is completely reliant on a very complex and sometimes controversial water supply system. The water originates in the far north of california where the snow falls on the upper sierra and flows down to the Sacramento Delta and is then diverted using pumps through irrigation channels and aqueducts and ultimately more reservoirs. Joe told me that the only thing that could possibly help him is a federal decision to release more water. That puts them in competition with other farmers and conservationists. It is a divisive issue here in california. Erik schatzker joining us from california where he has been following the drought this week. Thanks so much. Coming up, we will take a global look at the Financial Markets and find out why our next guest it earlyay still be a to invest in emerging markets. We turn our focus now to global investment. Dan is a global investment. Trategist at tiaacref studio. Me now here in welcome back to bottom line. Good to see you again. The fed it seems to be backing away from that commitment where they would consider raising Interest Rates if the Unemployment Rate fell below 6. 5 . Regard thedoes not threshold, how will the markets react . I guess its a question of whether people really thought that was credible in the first place. People understood that they were going to evaluate what the conditions were and what the strength of the economy was and based on that. And base it on that. Ofwe have had a series weaker than expected economic reports recently. Is this an aberration or a sign of Slower Growth . You also have something similar in china. We are asking ourselves, is this something that will be temporary . If we look at the longer term drivers for the economy overall in terms of improving implement rates and wages, we think it is going to turn out to be an aberration. I think it really should be a wait and see deal. We have been seeing recently volatility in emerging markets and now that is causing a Ripple Effect around the globe. How long will this last gekko is there a possibility it could destabilize Global Markets . We dont think it will be that severe. Certainly challenges for emerging markets. Papering is a big part of that. It corresponds with underperformance in equity. Can we show that chart again . It was dropping. Down 11 . Spikes, those rises going on there. It is now the time that investors should be gauging emerging markets . People should be thinking about increasing their allocations. With the understanding that there are certainly chance that it will continue to underperform for a while. It is relative to the u. S. Emerging markets are better than that. When you take tapering, that will be a challenge. If you look at earnings growth, it has not turned around yet. It may be premature to move in in a big way. People should keep an eye on it. If they see a bigger selloff, we think that will be there are some opportunities. Will things get cheaper . They may. How many months do we have to play out in terms of tapering echo it is having a big effect on the currency. A lot of economies arent really ready and prepared for that. I think it could happen in the near future. Earning season here in the good. Was really he noted that guidance was disappointing and that forward estimates were coming down. How does that play into what you call the earning season gain . On one hand come if you look at the earnings, you say, companies are, so everything is ok. Just surprising that in the end they do find extra. Even if they had recently big numbers for the fourth quarter, they are not seeing the growth that we perhaps would like to see through the rest of the year. The changes and theyll look that up in a more negative than positive. How long will it take for investors to become acclimated to the feds tapering schedule . Ecko have the this is all new to everybody. We are on the way to the end of tapering carried it will be several more months. We expect for the first half of the year, a decent amount of volatility. We try to interpret what the fed is saying that they may or may not do. Thatll make things for the first part of the year, what investors will have more confidence. Ceos will have more confidence and perhaps will start to invest in their own capacity. Lets take a look at sector growth. What looks good right now . Where should investors proceed with caution . It is still a typical market. Since it has been such a low rate, we think there is a lot more room for two broke. Industrials, technology will be attractive and have some dental some potential. Dont think there is a new to be moving into defensive sectors right now. It wont be so significant in terms of downturns in the market that it warrants a defensive sector. Joining us here in studio, it is good to see you again. Likewise. Thank you. It is 26 past the hour. That means bloomberg is on the markets. Julie hyman is in the newsroom with the details. Good afternoon. Lets take a look at where stocks are trading at this hour. We have had a rally throughout the session. Bouncing back from yesterday. Right now, were just at the highest of the session with the 115. Etting the most of a couple better than economic reports were hoping. In terms of individual stocks that we are watching, first am big news intact. Facebook announced it is acquiring whatsapp for 19 billion. That means that facebook could eyeball. 21 per we have been watching the ship throughout the day. Weve seen them fall and now rising more than one percent. Shares of blackberry evaluators of the phone maker, the shares were driven higher. The potential value of blackberry messaging coincide with that. More bottom line is next. Welcome back to the second halfhour of bottom line on bloomberg television. Im Mark Crumpton. Eggs worst thing with us. Thanks for being with us. Thanork crude is down more. 1 , finishing the day at 103. 2. Natural gas fell almost 1. 5 . Fierce street battles and ukraine have left dozens dead and others wounded. In the capitalng of tf. Government snipers shot back. In the meantime, the European Union says it will impose targeted sanctions against Ukrainian Government officials. The german chancellor called president obama and russian. Resident Vladimir Putin they agreed on the need to stop the bloodshed in ukraine. U. S. Officials are warning airlines to be on the lookout for possible shoe bombs. It is the second time in less than three weeks that the government has issued a warning to airlines about explosives. The department of Homeland Security declined to discuss the specifics of the potential threat. Ofther twist in the battle the keystone xl pipeline. A nebraska judge throughout legislation that would lead to government approved pipeline to the state. They will now have to seek approval from nebraskas Public Service commission. That is a look at the top stories in the news at this hour. Google is using it now us at Big Data Analytics to try to save the rain forest grade the new. Apping tool i the new tool is being revealed today. They help Companies Like walmart , nestle and target to avoid a pr disaster. Megan hughes has the details. Almost 900,000 square miles of force have been cleared since 2000. Environmentalists and corporations alike, it has been difficult to track the devastation. Google is hoping to change all that. Put Computing Power behind the first realtime deforestation map. Requiresbig data that big analysis and represents an information gap. No one has ever been able to look. With one click on the map, we open up he has been working with google and 40 other organizations. He explained that the map will update every month, using data from nasa satellites processed in the google cloud. You can now see month by month where forests are being cleared across the island of borneo. In 2010, greenpeace targeted nestle for using oil sourced from rain forests. A viral Youtube Video graphically showed someone fingeran orangutans instead of a kick at our. A allies like nestle have made pledges to provide better sourcing. The Worlds Largest palm oil trader followed suit. By 2015, even Girl Scout Cookies will only use palm oil certified t a sustainable. It is much harder to actually check that that is actually the case to make sure that is happening. Overlaid with palm oil and logging licenses for each country so you see what companies are in charge. In real timee whether or not that suppliers actually doing what they promised. It is almost like a nanny cam. What is google bringing to the table here . Google turbocharge is this entire system. It wouldve taken 300 years on a single computer to make that forced global map. Because we ran on 10,000 computers on the google cloud, we can do that in a couple of days. See. Now everyone can the google team created something just for this roger. Youve heard of google maps and google earth. This is google earth and gin. They had a team working fulltime come if your. Did google get paid for this project . Toruvell donated that team work on this. They donated the services. A number of countries also helped to fund the spirit the norwegian government, dk government, the u. S. Government had a hand in this as well is a num