cnn cannot confirm its authenticity, but the damage to buildings bear the scars of some heavy fighting. over the weekend russia and china vetoed a u.n. security resolution aiming to stop violence. evacuation crews are focusing on areas in queensland town in sunday. they're hopeful emergency leaf have is will hold back a rising river in the town. the new york giants are the champions of america's nfl. they defeated the new england patriots to win sunday night's super bowl by a score of 21-17. giants quarterback eli manning was named the most valuable player. those are the headlines from cnn. "world business today" starts rate now. . good morning from cnn london. i'm charles hudson. >> and a very good afternoon from cnn hong kong, i'm andrew stevens. you're watching "world business today." the top stories this mon, february the 6th. >> debt negotiations are down to the wire in athens. can greece reach a deal with creditors before time runs out? the stage is now set for a potential new trade war as china bans its airlines from complying with an eu carbon tax plan. and it's halftime in america, too. people around the world hurry and they're all wondering what they can do to make a comb back. chrysler's halftime in america ad resonates with super bowl fans with a little help from clint eastwood. pulling out the big guns there. it is 11:00 a.m. in athens and it's the 11th hour for these greek politicians here hoping to secure a new bailout from their international creditors. most asian markets were happy to take their cue from the positive u.s. jobs number which came out on friday, but european investors have one eye on events that could trigger a catastrophic default. charles, good to see you. the mood grim where you are? >> certainly. what we're looking at is a balancing act in asia between the good numbers we saw from the united states in the jobs market and obviously the worries we have about those greek negotiations which do seem to be going down to the wire. here's who i the major markets look about an hour or so into monday's trading session. really fairly universally off by about 2/3%. the banks taking it on the chin. let's take a look at the paris cac. a little bit of a pickup there. come back again. really, carrying on down, down, down. these difficulties for the eurozone being reflected in the value of the euro. that also is taking a bit of a tumble. let's have a look at the euro number that's been trading at nearly $1.31 last time i looked. yeah, 1.3059 down against the u.s. dollar. really a lot of pressure on greece and on those negotiations, andrew. >> we took the optimistic glass half full. there is only one red arrow. hong countries congress down by .25%. it was all about the very positive jobs report we had. that was the reaction today after we saw wall street power ahead. the nikkei and the asx both up by 1%. in tokyo investors showing favor to the stocks that were sold off on poor earnings. stocks like honda up 3%, sony another big gainer up 4%. got a pop at the end of last week after some pretty bleak news. that rise continues for sony. the mining and metals company leading the way. the hp billy tan up by 2%. when they move, it certainly effects the broader s&p, charles. >> fascinating what's going on in that industry, but let's have a look at the big theme of today, monday, and it's greece. greek politicians taking their talks on a new bailout absolutely to the limit. the country's international company has threatened to pull its offer off the table if the parties can't agree on further austerity measures. as a risk of a disorderly default looms larger, we're joined from athens. linda, remind us what exactly it is that the greek parties are negotiating on. >> reporter: well, some of the main sticking points are to do with labor reforms. labor reforms would include a cut in the minimum wage. they would also include a number of public jobs in the public sector. this would increase the competitiveness in the country. what the greek party's forming the coalition government agree against, they say that by losing more jobs and having the wage cuts, all that's going to happen is that the country's going to go into further recession. what we've seen from the first bailout package, this recession is only going to mean greece will not be able to meet its targets again. they're trying to put forward some alternative solutions. of course, the unions are very much, as you understand, against these reforms as zblel well, i've seen that the austerity measures are worth 1.5% of gdp which is a tremendously large number on top of what greece has suffered. it will trigger some kind of spiral, but what are the chances of the parties agreeing on something in this 11th hour? >> reporter: well, the problem is if they don't agree at this point, it's very much what you described before. greece would have very little choice but to head at least towards a possible unstructured reform by the 20th of march when greece will not be able to meet its payment requirements as about 14.5 billion worth of bonds mature. so greece really has very little choice at this point in dictating the terms, if you like. what the party leaders are trying to do is make sure the decisions they make will make the greek debt sustainable in the long run before they can sign. >> so there is a general agreement and does that apply -- general agreement that a disorderly default, because this is actually an orderly default we're talking about, but a disorderly default is generally seen by greeks as being very bad for them. to that extent despite the wrenching pain that's involved there, is there kind of a consensus there, elinda? >> yes. from the vassileva majority of people and from what we've seen in the polls, people want to remain in europe. they don't want the country to be led to a disorderly default especially since they don't know what this would mean. none of us do. this is not something that has happened in the past. there's a lot of concern about this obviously, but what they want at the same time is to make sure that their living standards remain sustainable. one of the reasons that the previous bailout package did not bring the required results is that simply a lot of people were actually unable to meet the requirements. they were not able to pay their taxes. their living standards have gone down so much that they're so worried about their everyday living conditions that i think this is key to them, to make sure that that's sustainable up to a reasonable limit before they can agree to anymore austerity. >> okay. elinda joining us live from athens where those talks continue right up to the 11th hour. many thanks to you. and a little bit later in the show david will be speaking to david jones from id index. he'll tell us how this ongoing saga is impacting stocks. >> it's not good, is it snits' an yun going saga in greece. we'll talk about what a disorderly default would mean to the markets. wall street ending on a high note on friday. surging last week to their highest levels in years on the back of those better than expected job numbers which came out before the bell on friday. the dow closing up 1.2%. 12862 the dow is. the nasdaq up by 1.6%. 2900. that is more than a ten-year high. despite that strong finish to the week on friday, the u.s. markets look set to start this week on a downbeat note. perhaps a little bit of profit taking going on there. let's see if we can get these numbers. there they come. slowly, slowly. they're all down by .25 to 1%. europe's freeze brings trouble to london where half of all flights were canceled for a second day on sunday. what's it like on monday? 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[oinking] [hissing] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food poisoning this year. check your steps at foodsafety.gov. the price of brent crude you see a little bit softer after a week of steady increases. as european investors discuss their concern, oil is down about 80 cents. welcome back. you're watching "world business today" live on cnn. now a brutal cold front has western europe certainly in its icy grip. most people cope, but in one of two parts of britain it's caused travel chaos. thousands of passengers were left stranded as airports struggled to cope with the snow on sunday. london's airport seems to be okay but over at london's heathrow which is the main airport and main international hub, half of all flights were canceled on sunday. atika shubert joins us. >>. >> reporter: well, it's much better today. no flights canceled. both runways are completely open. still, however, there's a lot of questions as to why nearly half of the flights were canceled yesterday when only about three inches or ten centimeters of snow was actually on the ground. i want to show you the headline in "the daily telegraph" today. just three inches of snow halts all flights at heathrow. they want to know what happened given that last year heathrow closed for several days because of the snow and the baa which owns heathrow airport promised to revamp their snow plan. said they put in more than 30 million pounds into buying three times more snow equipment and said they were much better prepared this year, and so now a lot of critics, especially stranded passengers have been asking if that's the case, then why were more than 1,000 flights canceled yesterday. >> the interesting thing is of course in a way they seemed to have crick chenned oickened out. they canceled the flights not because they had too much snow, but as a precaution. that's the odd thing, isn't it, atika? >> reporter: that's right. they canceled 1/3 of the flights before a single snow flat fell. they canceled the flights in order for people to find alternatives for those airlines to try to reschedule those flights, and then when the snow finally fell they canceled a few more. essentially the runways were still open. in a sense it was their anticipation that was more of their downfall than the actual snow itself. >> what's the broader picture, atika? my impression having traveled, driven about 180 miles this morning, including past heathrow, most travelers are coping with everything, even london's gatling airport. it's embarrassing. >> gatwik stayed completely open. it had, of course, some delays. absolutely no cancellations. for many passengers they're weighing aup the alternatives. gatwik was open, heathrow had half of its flights closed. the highways are fine. there's a bit of snow on the ground but overall everything is fine. why is it that this is one of the world's busiest airports and it can't cope year after year with a few inches of snow. even though they say they coped much better, that may not be good enough for many passengers. >> thank you very much indeed. joining us live from heathrow airport. atika shubert. it takes you back a few years when there were leaves on the line. let's stick with this weather recall the latest blast across europe at the moment. check in with ivan at the cnn weather center, ivan, the latest on flooding in australia as well. >> we'll get to both stories here. i tell you what, three inches can certainly shut down atlanta's airport. we don't have the equipment here to remove or deice the planes, but heathrow certainly does there. i'm sure they're going to be checking their plan accordingly. you get snow. this is not too, too, unusual. it has been incredibly cold. temperatures have been anywhere from 25 plus degrees below zero. it has been an arctic blast that has been continuing to take over europe. you have cold air that's been in place, we know that. we have these storms in the eastern mediterranean. the balkans have been hit severely. let's set the stage for this next storm because we are not done. what you're seeing here is going to be repeated and please close your ears if you're watching us over in the balkans here. you are digging out from what you're seeing there, upwards of a meter of snow. that translates to 39 inches. we're talking three feet here that they are buried under across portions of the balkans here as a result of a last low that came in. now we have this one coming in. the forecast, i'm thinking half a meter for the same region. we're talking macedonia, portions of albania as well. all of this region here, andrew, is going to get hit again within the next 24 to 48 hours. the cold for you stays to the north here as well. >> okay, ivan. let's take a look at the aussie weather. will we look at that later? >> we'll check the aussie weather. let's take you to some of the scenes. we just got some new video as well from australia here. i want to show you these dramatic pictures. this takes you back to 2011 when we had the incredible epic floods in queensland. the same region getting hit here. we are watching some levies that are going to essentially be tested in dramatic fashion over the next couple of days. we're forecasting crests of 14.5 meet interprets. the levies go up to 14.7. we don't have much to work with here. we're going to watch this very closely. we've had upwards of 3800 residents, andrew, have been evacuated from st. george here which is the region in queensland which is going to be hit the worst from the latest flood. we'll be watching the waters cresting over the next 48 hours. the rains from the sky have stopped. it's what's already in the system that we have to get through. >> amazing, isn't it? it's going to be another record crest. more than a meter high. >> yeah. >> it is unbelievable. ivan, of course you'll continue to monitor that story for us. ivan at the international weather center. charles? >> coming up on "world business today", ford may be built tough, but its feelings apparently aren't. we'll tell you why the u.s. car maker's upset with its rivalries chevrolet next. with one towelette. can your makeup remover do that? [ female announcer ] neutrogena® makeup remover. $3.5 million. that's roughly how much a 30 second ad spot cost during sunday's super bowl. an estimated 111 million viewers tuning in the u.s. many companies didn't hesitate to shell out that sort of cash. welcome back. you're watching "world business today" live on cnn. charles, that $3.5 million for a 30 second ad translates to about $117,000 a second. >> yes. a lot of eye balls you're getting for that money. i think they had a good time, particularly if they were new york giants fans. it was a great night in particular for them because the american professional football team pulled off a 21-17 victory against the new england patriots to claim their fourth nfl super bowl championship title. giants quarterback eli manning accepted the team's trophy after being named most valuable player. he received the same honor back in 2008 when the giants also beat the patriots in super bowl xlii. >> it's the whole package though. team rivalries are part of the excitement and buzz surrounding the big game. it's the half-time ads that really attract a lot of attention as we've been seeing. this year chrysler steered away with an appeal to america's strength and perseverance in these tough economic times. >> it's half-time in america, too. people are out of work and they're hurting. they're all wondering what they're going to do to make a comeback, and we're all scared because this isn't a game. people of detroit know a little something about this. they almost lost everything. but we all pulled together. now motor city is fighting again. >> so it goes on to say that america quite can't be knocked out in one punch, that the u.s. will rebound and when it does, quote, the world will hear the roar of our engines again. certainly a bit of patriotism selling there, charles. >> meanwhile another detroit branch, chevrolet, has come under fire from ford for its super bowl ad. the ad shows a group of men who survive a world destroying apocalypse driving their chevy trucks. watch this and you'll see why ford is upset. ♪ looks like we made it ♪ ♪ left each other on the way ♪ looks like we made it ♪ until today, until you were there -- where's dave? >> dave didn't drive the longest lasting, most dependable truck on the road. dave drove a ford. >> well, ford issued a statement objecting to chevrolet's claim that its silverado is the longest lasting vehicle on the road. they said ford is proud to be america's best selling truck for some 35 years, although i suppose those 35 years don't include that kind of apocalypse. if you're interested, you can watch all of these super bowl ads online. i don't think that the car companies have to pay anything extra for you to do so. you can check out the best and the worst in your view at cnn.com international, andrew. >> they don't get much better in terms of production values than super bowl advertising. just ahead here on "world business today," it's another big decision day in greece. the country's new bailout still in the balance. we'll be examining what the markets make of the uncertainty in athens. stay with us. [ male announcer ] this was how my day began. a little bird told me about a band... ♪ an old man shared some fish stories... ♪ oooh, my turn. ♪ she was in paris, but we talked for hours... everyone else buzzed about the band. there's a wireless mind inside all of us. so, where to next? ♪ from cnn london i'm charles hodson. >> i'm andrew stevens cnn hong kong. welcome back. you're watching "world business today." >> let's take a look at how european stock markets are. we're 90 minutes into the trading sessi