Hello, welcome to countdown. We have earnings from roche. Sales come in at 47 point 5 billion swiss francs. But is pretty much in line. The estimate was for 47. 1. Fast that is pretty much in line. They raised the dividend. They see the full year guidance being low to mid singledigit sales at a constant level. Oncology and pharmaceuticals are the two key areas. It is up 4 for the air for the year. These are the numbers i am getting. The core operating profit comes in at 17. 6. Rossi is further dividend roche sees further dividends in swiss francs. We are going to be speaking to the ceo, going through these numbers, just after 7 a. M. , so the dividend is rising. The headline in terms of guidance, and the big issue is the majority of the revenue outside of switzerland as they report in swiss francs. I asked what impact we can expect in 2015 from the impact of the swiss frank cap being abandoned. They say net impact will be impacted by restructuring. The bloomberg forecast was 8. 2. When they raised the dividend it was below they were what they were estimating. Restructuring charges of 279 million swiss francs. Apples latest numbers puts all the others in the shade. Sales have pushed quarterly net income to a record 18 billion. Caroline hyde is here with more. Nine consecutive quarters speeding estimates. Lets dig into it. This is one of the biggest rockets. Profits. 18 billion in the quarter. It. This is one of the biggest rockets. Profits. 18 billion in the quarter. Microsoft made 5 billion. It is more than triple what google is expected to be making an more than what General Motors would poll in an entire year. Profit is rising 38 . Its all about the new iphones. They are bigger. They are 4. 7 inches. Asia loves them. Chinese sales up 17 . Because the new iphones are more expensive, you are pushing up your margin, you are pushing your profitability. Apple pay is interesting as well. I did read the story. Two thirds of all purchases made in this way. Apple already owns. Carl icahn says i want you worth more than a trillion. No one wants to focus on the downside, but there are some. Apple is saying this is going to be a bit of an issue. They say the sales could have been 5 higher in terms of the forecast if it wasnt for the strength of the dollar. Most of the sales, from outside of the United States. Come from outside of the United States. In russia we suddenly saw the demolished man of the ruble. They couldnt demolished the ruble. They couldnt take the hit. We are going to be focusing on where it is ipad go. Four quarters of decline. They are trying to make them better. They made them slightly bigger. When you have a five and a half inch smart phone, why do you need a tablet . We understand they will make a bigger version. Tell me a little bit about Marissa Mayer and yahoo . Tax landing. Minimizing. Is that where youre going to go . People are up in arms people are up in arms because too many pay too little taxes. They are calling on yahoo to minimize. They got what they wanted. Alibaba went public. He still owns a 40 billion state. Alibaba went public. He still owns a 40 billion state. That is basically the same as the market value. There is good to be a new publicly traded company. They are going to keep hold of yahoo japan, worth a cold 7 billion. Together these assets are worth more than yahoo . You have some wheeling dealing. They are happy. What about the company . And you look underneath all this, it wasnt looking all that pretty. Sales down almost 2 . At the moment investors want to see what Marissa Mayer is doing. That is what they would say under the hood. Thanks, caroline. We are getting used to big numbers out of apple. We are getting used to a big surprise from the banks. The nations centralbank sinks the Singapore Dollar. The currency is the weakest since 2010. Talk us through what has been happening. A big surprise in singapore most of because of the timing of all this. The central bank meets twice a year every april and october. Now they met halfway between those meetings for this shocking move. This is how it usually works. The Central Bank Policymakers used the currency as their main policy tool. It guides the Singapore Dollar against currencies. It changes the pace of appreciation by changing that band. Today they announced they were going to reduce that. They are the weakest in five years. 6 down against the u. S. Dollar in the past three months. If you look at the six the Singapore Dollar against its asian counterpart, it is strengthening against nine out of 11 asian currencies. That may be what prompted them to move a step ahead of their next meeting. There are people speculating this surprise move was made because of Economic Uncertainty we have been seeing. Take us through what the rationale was. You mention some of it, perhaps some of it with how the currency trades against a more reasonable partners. They really had room for it in terms of inflation in singapore. They had to cut their forecast for inflation for 2015 to half a percent. Thats a benign outlook for the year. They expected growth of 2 to 4 in terms of the expansion and the economy for the Fourth Quarter it was half the pace of the previous quarter. You talk about being number nine this month in monetary easing. Lets talk about the ones that came before that. We had the ecb and plans for qe. We had canada cutting Interest Rates. More maybe to come. Thank you for joining us from hong kong. Lets look at the other stories. Here comes the chinese yuan. Taking the yuan as the sixth most currency. More than 2 of payments were in the want. That is up from 1. 5 in october. The heaviest snow has been falling in eastern massachusetts and rhode island with homes and businesses losing power. Flights have been canceled across the u. S. , and travel obstruction is expected to continue throughout wednesday. And the pig will be making the transatlantic crossing with a big new new distribution deal. The company is targeting the u. S. And expects revenues to double this year. There is the conversation on twitter. I dont know where to go from that. That will make the former producer of this show i got the sound effects in my year. Ear. I dont know the side effects. This is where you will find us on twitter. Coming up after the break, why sony is slashing another 1000 jobs in the smart phone division. Traders reaped 300 million. That is according to people with knowledge of the matter. The surprise positions in the frank soaring against the euro. Deutsche bank and berkeley suffered 4 million in losses according to people with knowledge of the matter. And shares are down after the producers said it needed significant funding for day to day operations to expand the slump. The stock has been following in its longest losing streak since 2011. What are the impacts on the euro . I am looking at my eurodollar page. Since the greek election, the euro is actually up. Is the bad news priced in already or not . I dont quite agree. I dont know what people expected. It was suspected nothing spectacular would happen right away. Greece seems to be in a collision course rain now. Potentially reacting to the scale. The debt relief and the restructuring. Its ironic. We thought the whole hub part of greece was going to be on the debt restructuring. What is the big issue . Wouldnt europe and the euro be stronger if they just let go . In the longterm. We would have to get through the short term, which would be catastrophic for many things including the euro. You cannot do this in any smooth way. Theoretically you can argue any union would be stronger without the weaker members. The way it would happen would be very disruptive. As we spoke to one investor yesterday who talked about how this is a new arab for the euro this is not modeled quite so much a new era for the euro this is not modeled quite so much on the deutsche mark. Clearly, there is increasing resistance in germany to the idea and how that will pan out when we have this countdown. You are watching time for a quick you are watching countdown. Them for a quick look at the markets. They have gone early. Have cut their inflation. Theyre going to see deflation by half a percent. They have moved before april. This is the dollar rising. Singapore dollar falling. The momentum in the Singapore Dollar has a decidedly been the Dollar Strength. That is the dominant force in most of these currency markets. 13515 is where we are at the moment. This is the third biggest losing her and see in the agent market. That is impact of the singapore essential right. Today want to keep an eye on the dollar as well. We do have a bit of a wobble. Was i did on those durable goods. But i was off by 300 points. It is fed they. Will janet yellen and her cohorts remain patient in terms of where the languages from the no change in the linkage will allow the dollar to actually build their position again. Any little bit of a dip is something that you want to reenter for the busiest desk foreignexchange trading is that a record. That is the highest since 2004. Keep an eye as well on the aussie dollar. They broke trend. The aussies would cut rates next week. That probability is drop to barely 70 . Hello again. Who said it was a bygone era . Anna, back to you. Apple reported one of the biggest profits ever made by public company. Revenues jumped 30 . The betterthanexpected numbers were fueled by strong iphone sales. Apple shares rose as much as 6. 7 in extended trading in new york. On the day, a new cabinet was unveiled. In a statement, greece said it opposed and eu communique that held responsible present responsible for recent violence. The required unanimous support from the 28 eu governments. And the ease policy in an unscheduled statement, and singapore they said they would week a slower pace of appreciation and the countries dollar. The Monetary Authority also cuts its inflation forecast forecast for 2015. Greece is preparing for a fight on renegotiating its debt. Another bill that nation was to pay its obligation off early. Portugal went to make an early repayment of its loans after seeing it fall in its borrowing cost. Portugal has raised almost half of its cash. Lower yields than estimated. 3. 7 of imf loans. Islamic state has been to kill a captured jordanian pilot. That is according to an intelligence group. A video shows a photograph being held while a voice reporting to be the japanese Prime Minister had repeatedly said its government would not negotiate with terrorists. Lets go to our middle east editor who has got more. Elliott, a reporter says the ball is in the jordanians court. Yeah. This is all from an audio recording that was distributed by the Islamic State to twitter accounts and picked up by the intelligence group. The deadline was 24 hours. The japanese government said it came aware of its recording around 11 p. M. Local time. 2 00 p. M. U. K. Time. What Islamic State is demanding or has demanded through the japanese reporter in his comments is the release of and iraqi for jihadist unit she is on death row for the power she played in the state of Hotel Bombing in 2005. Her buzz than that her husband blew himself up with a bomb her husband blew himself up with a bomb. That is the person they want released in exchange for the japanese reporter. They would also release the jordanian pilot who ejected while on a mission against Islamic State over Islamic State held territory in syria. It is the after damien hostage who is the main person at the center of this. How likely is it some swap will take place . Well, the japanese government and the jordanian government have basically said he wont negotiate with islamics eight islam state. They tried to open the release of that japanese reporter and potentially the jordanian pilot as well. Of course, theres no guarantee that this will happen. They want to secure the release of those people. They had described it as a despicable act. It is possible there might be another convict did jihadists journalists another. Of course, we dont know what is going to be negotiated. We dont know if Islamic State will keep it toward. Keep its word. A very concerning time right now. Back to you. Thanks, elliott. Joining us on twitter, if you fancy us. Join us with what your thoughts are you i will interview a ceo. Dont us with what your thoughts are. I will interview a ceo join us with what your thoughts are. I will interview a ceo. We will take a quick read. We will state to the ceo of the mobile Payments Company looking for its share in its booming sector. Stay with us. They have made it safe, easy and pass to pay on any and fast appeal in any iphone 6. Have lots of other types of loans out there. Apple itself works with an existing ecosystem. It is processing debit and debit cards. It is making it simpler for the consumer. It is super innovative in this sense it is a brandnew way of paying or a new instrument . No. It is important. It gives if it is to the whole industry. Because it is there in front of you every time you use your phone it does as you say. It draws attention to it. Look at what is happening to the amount of mobile paceman activity with our seeing since the launch of apple a. Innovation or not if it draws attention to it, that is material. Exactly right. It does draw attention to it. It gives consumers the excitement to pay with their mobile devices. Think of starbucks. They are using 50 of transactions. Are going through their app already. You have graded that behavior that will lead to more people using mobile Payment Technologies at more merchants. And it takes away the need for 90 percent of the fisa court to pay for things. You are removing those barriers. Youre giving the 90 more detection. Where give you more than 90 of protection. Not to be too technical, when youre in a mobile device, you sit behind a shared ip address. The way we detect fraud is by looking that ip address it we cannot see those are mobile devices. By using through that address and fingerprinting the device, i can have a high level of confidence that it is a real person using the phone with a real card that cleared through the networks. My level of security that we can give to those merchants is incredibly high. Who is going to win the mobile commerce game . Is there room for everyone . How many players will be in the market . In the ecommerce world, thousands of companies that are part of the ecosystem. Heavily 20 or 30 that are very large. Multichilean dollar market across the world. There will be a single winner or two or three winners. We will see the market fragment dramatically during it will come back together along agreed rules. We will have some big layers like apple and maybe google. Certainly a lot of existing Technology Layers that goes deeper than just providing that is an old phrase. Fragment and no one is quite sure which one is going to fix which product everyone else is going for. How can you be so sure where we end up . This is history replaying itself to look at 15 years when ecommerce was at its infancy. People say, i dont think i want to be using the computer devices. It took the initial steps to really push the Consumer Behavior and almost overnight we saw a step change in the way we engage in that form of commerce. The same thing is happening on mobile. We getting consumers trained on what they expect. Now they expect every merchant to deliver a similar experience where they will leave in droves. Some of the names you work with our kfc. There is some take names here. How hard is it when you have those . Do they understand what they want . Are you teaching them what they need . Combination of both get our best interaction is when business is really understand that consumer is one that matters most to their is this. They are the ones that really understand it and want to create that Consumer Experience to bring lauro loyal customers. What to do with the money raised . What is the vision . It is a revolution. You have computers in our pockets that change how we engage with brands in ways we dont even understand today p it with this initial fundraising were pushing and growing our team for about all based in london and expanding. Who do you compete with . World pay. Legacy gateways. I sign up for everything. When am i going to be card list . For quite cardless . Not fora quite a well. Until you can get rid of your cards, your cards will stay with you. How soon . [laughter] i think it is closer than we think. Further than we hope. It would be great to walk around and glance. I dont want to glance and accidentally buy things. [laughter] you can return them. For business, anything that moves the ball into experiencing expand mentoring is a good ring. Thing. Are you sure about that . Im quite sure. There are 15 zeros. Until then, we have to grow the business. He loved the team that we have here. We will continue to march on. Good luck. See you soon. The annual toy fair. The socalled smart toy. Theyre hoping to shake up t hings. An exclusive report. He may like an ordinary look like an ordinary, cuddly toy. But it is much smarter than that. He is transformed into a smart toy. A smart toy takes a lot of time. They could create smart toys faster. There are plenty of others that do. Having a dedicated team outside are really working on the technology and expensing i think that would be a good collaboration to a lot of Toy Companies do not have the budget or the manpower. Taking a solution from an outsider with more than 70 million children crying out for smart toys, visit manufacturers are eager to get on board. The first one to hit stores is this. Comprises a number of freddie here. Plays out a story both on the tablet and on the board. All of which is controlled either child. It all looks a perfectly good fun to me. Im not the target market. Do you like this game . Do you like it . Does it sound like a fun game . Making smart toys. There is a pretty good chance your children will never give you that your tablet. Advancing technology winningly quickly. Winningly quickly. We will have a look at our favorite stories from bloombergs digital output. And beautiful shot of snow shots of snow. All of that coming from the u. S. Stay with us. Welcome back. Time for a look at the top choices from bloomberg. Business is limitles