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Waking up With Nicole Lapin

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Happy V-Day boys (and girls). Let's get on with it so you can beg, bribe or keep hitting refresh on opentable.com if you didn't already snag a spot for tonight yet. As for me, gents, I'll be reading about the FTSE and catching up on The Post's "Client 9" love column tonight.

RISK ON?: Asian stocks rose on Egypt relief. Oil holds near 10-week lows, Greenback slips, Copper back above $10k a tonne. But, US equity futures are lower.

NUMBER 3: Japan's economy logs the first contraction in 5 quarters, Q4 GDP comes in at -0.3 percent—but don't worry, the Nikkei is still the best performing Asian index, up 6 percent ytd.

NUMBER 2: Chinese stocks jump on talk of low Jan inflation- seen as rising 4.9 percent well below the 5.3 percent forecast.

NUMBER 1: Dr. Obama loves his scalpel. The 2012 budget plan is released at 10:30am, expected to slash $1.1t over 10 years. (The Administration now puts the deficit at $1.6t)

BUZZ KILL: The Coalition for Derivatives End-Users (including U.S. Chamber and Biz Roundatble) will issue a report today saying that the 3 percent margin requirement on OTC derviatives would cut S&P 500 CapEx by $6.7 billion/year and cost 130k jobs.

COCO: Credit Suisse agreed to sell $6.2 billion of contingent convertible bonds (not chocolate) to Qatar Holdings and The Olayan Group.

DANCE: The G20 see a two-step solution to tackling global imbalances. The EU document showed nothing on a finance minster dosey doe.

COURTING: Sanofi completed due diligence on Genzyme. But, the two sides continue to haggle over the price. Yes, this is still going on.

JUST KIDDING: Schumer said the NYSE boss should manage the DB-NYSE merger. Then, his people said he didn't.

IN BED: GE buys Wood Group's Well Support division for $2.8b. Echostar Cop buys Hughes Comminations for $2 billion.

V-INDEX: Historically, the NASDAQ is the best Valentines Day performer, up 64.7 percent of the time while the S&P 500 is down most of the time.