xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!e got more options than you know. book now. get over here kids. you've got more options time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now. caroline: welcome back to bloomberg technology i'm caroline hyde in new york. ed: in the nasdaq 100 we are up 1% but on a five day basis. we are on track to have our first positive week of 2024. it's only the second week but it's friday. it is interesting because economic data has been interesting factor. we swung between boosting and cutting. that impacts the technology sector. everyone is watching whether you are a public or private markets. we will have the conversation later. the

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!'ve got more options than you know. book now. ed: and nvidia co-founder celebrated the chinese new year with staff during a trip to china come his first in two years, a local key tour that coincided -- a low key tour that coincided with attempt to get round-trip -- around chip prescriptions. china imports of chip aching machines jumps to almost 40 billion u.s. dollars. the second largest amount on record since 2015, plus the supreme court asked the biden administration to respond to an appeal by elon musk, seeking to overturn an agreement he reached with the sec to have his social media posts about tesla screened in advance. in other news, his artificial intelligence company secured 500 million dollars in commitments from investors, the end goal being $1 billion according to bloomberg sources. you and i reported this story together. let's get right to it. after we published the story, elon musk said that this is fake news, but what are the details we reported? >> it is not clear what p

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!'ve got more options than you know. book now. caroline: volkswagen and vw feeling the slowing of the market and the dim landscape continues into 2024. they could to hold off on plans to seek outside investors for the better unit. the carmaker worries it want be able to make it on batteries at scale and is no longer privatizing -- this is fresh off of a decision to ice its evr listing amid market file listing -- volatility. ed: there is a bigger conversation to have. mastec posted -- mazda posted its best sales year and best your overall today. they announced the sale of a new vehicle. tom donnelly tortoise to walk through their results and the latest launch. cx70 brings you the midsize suv. you have the full spectrum of hybrid options. that is where it is at, a hybrid option. he watched, there with your ev. in the context of the cx 70, what is energy? tom: we are very excited about what it reveals about our breaded portfolio. we look at the electrification market as that of any intenti

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ou've got more options than you know. book now. >> we have been negotiating in good faith all through the holidays on the top line numbers. congress has a responsibility. we have the power of the purse, and we have to be good stewards of precious taxpayer resources. we cannot continue to borrow monday to -- borrow money to spend it. jonathan: house speaker mike johnson on cbs yesterday hours before an announcement a deal was reached on topline spending in congress, easing concerns of a looming u.s. government shutdown care that is positive news this morning. here is the broader price action for you. pulling back on the s&p 500, negative by .1%. yields lower a single basis point. the march towards cbi thursday and earnings from j.p. morgan and bank of america friday. tom: what is the real yield at 1.8% -- it will be interesting to see off cpi where that is into those bank earnings. right to it. the director of policy research at btig joins us now. we had to go with the headline, all cle

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ou've got more options than you know. book now. ♪ >> talk about organic, which of course is the court. people talk about m&a, but sort of not as much is talked about how much enterprise value gets created by properly affecting. that is the spirit with which i think about openai. we just want to have a good commercial partnership be in one of the investors in the entity, even in the way they are structured. so when i would like is good governance and real stability. jonathan: that was microsoft's chairman and ceo discussing the latest investment and partnership openai. talking of artificial intelligence dominating discussion to the world economic forum. here in switzerland, going to the market open in the later on this morning. equity futures on the s&p 500 pulling back just a touch. negative by 0.5%. a busy week again really for earnings. we hear from goldman and morgan stanley a little bit later. lisa: and love that we are not really mentioning it, even though it should be front and c

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ou've got more options than you know. book now. was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, ow. constant contact. helping the small stand tall. >> just to reiterate what i said before. we have significant national security interests in the region just on our own. and we will put the kind of forces we need in the region to protect those interests and we will act in self-defense going forward. i'm not ruling anything in or out. we made it clear to our allies and partners in the regions that we take these threats seriously and we will make the right decisions going forward. >> that was john kirby the national security council spokespe

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!'ve got more options than you know. book now. caroline: code 2020 24 finally be a bit more of a year for tech ipos? reddit is weighing some feedback from early meetings from potential investors. the company being advised to target at least a $5 billion valuation if it goes public. let's bring in someone who is on the cutting-edge of valuations. breanne lynch, great to have you with us. this company raised money at a $10 million valuation. could it get five billion dollars by what you are seeing? >> it will be interesting to see. the key thing that we don't have the answer to yet is whether or not reddit is profitable. when they first made plans to go public in early 2022, talking about even a 15 billion dollars valuation, they were not yet profitable. scrapped those plans, coming to the market again. that will be the crux for where this valuation plays out. when we look at the cohort of tech ipos in late 2023, these were all profitable companies. and they still had lackluster performan

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!e got more options than you know. book now. caroline: welcome back. i'm caroline hyde in new york. ed: i am ed ludlow in san francisco. non-fund payrolls, 216 thousand, hotter than expected. there was a knee-jerk reaction, particularly in the bond market, that yields edging lower.in the equity markets, we are moderately higher in all indexes. the story initially was, let's lower our expectations, even by 10 basis points, to the extent that the fed will cut rates in 2024. we care about that because higher rates discount the present value of future cash flows and that hits high multiple tech stocks. but traders seem to be standing by the idea that march is alive for the fed meeting to cut rates. the other asset class we are watching is bitcoin. i feel like captain's log, star date, january 5, january 2024, watching for the same thing. if you're out there, we are waiting for approval for bitcoin spot etf. the trading of the week has been interesting, some driven by rumor and speculation.

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ou've got more options than you know. book now. and your store was also the you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >> he was not informed until last friday that secretary austen was in the hospital. not informed until this morning that the root cause of the hospitalization was prostate cancer. we recognize this did not unfold the way it should have. on so many levels. not just the notification process but the transition -- we all want to make sure we learn from that. >> stunning the last couple of days in washington. john kirby addressing defense secretary lloyd austen's decisions and hospitalizations. now learning it was due to's -- complications from prostate cancer. >> suddenly it is serious. the bottom-line is now we know it is serious and is always serious. i would suggest a tone change. i think there was a mystery of what's thi

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ot more options than you know. book now. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. ♪ ♪ constant contact. ♪ ♪ ♪ ♪ >> from the world of politics to the world of business, this is

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ou've got more options than you know. book now. >> i would say bottom up. i think you always have to think about the index, the indices and probably own a little bit of them. you do want to -- i think it is an environment where we will see more breadth in the market. guy: talking about salad, what kind of role would bonds play? bottom-up or top-down? marilyn watson, blackrock head of fundamental fix income strategy, joins us now. what kind of volatility do you think we will see in the bond market in 2024? in 2020 three, it was significantly higher in equities. does that persist? >> i think we will see elevated volatility in the bond market this year for a number of reasons. for a long time, the bond market was incredibly suppressed, particularly by central banks. for a long time, volatility was suppressed. we have seen drastic repricing the last couple of years. we are now at the stage where we are seeing major central banks, the fed, the ecb, potentially the bank of england as well an

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. get over here kids. you've got more options time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now. >>> welcome back to "worldwide exchange." look at futures right now with the dow opening up 175 points lower. that is largely due to boeing after a key hatch blew off the plane of the boeing jet. you see boeing shares down more than 8% along with the component makers. spirit aerosystems. the company that made the door that blew off. we will have much more on the story coming up throughout the show. >>> time to shift attention to europe with arabile gumede with more in the londo

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ou've got more options than you know. book now. >> >> payrolls. >> december payrolls could >> there is a hissing sound in the labor market. >> on the whole the labor market has held up resiliently. >> we are not concerned about labor market strength. >> i don't think the labor market will reignite. >> slow when someone slow, in the unemployment rate will gradually take up -- tick up. >> continued slow down but hopefully not too tragic. >> may be easing been easing slowly and gradually, and frankly, that is what the fed wants. >> when you look at where the fed is right now, there really is that consensus for a march rate cut. >> there has to be a data reality check for the market. >> i do think the bigger risk is inflation. >> next week's number could be very influential. >> we are looking for data that ratifies the view that we are getting a soft landing. katie: those were some of the top voices speaking with bloomberg television on the state of the u.s. labor market. we got the hot jo

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ou've got more options than you know. book now. jonathan: live from new york city, good morning. a quick check of the price action. equity futures positive by a third of 1%. yields lower, down 2%. under surveillance this morning, desantis dropping out, endorsing donald trump. >> i am today suspending my campaign. i'm proud to have delivered on 100% of my promises and i will not stop now. it is clear to me that a majority of republican primary voters want to give donald trump another chance. i signed a pledge to support the republican nominee, and i will honor that pledge. he has my endorsement because we can't go back to the old republican guard of yesteryear. jonathan: the race for the gop nomination down to two ahead of the new hampshire primary. the latest polls show donald trump widening his lead. nikki haley intensifying her attack on the former president, saying quote, we are seeing he is not the same level he wasn't 2016. lisa: people were talking about that video of him over th

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ou've got more options than you know. book now. ed: welcome back to ces las vegas. nexen view is a mobileye ceo. the technology company announcing a range of items to deal with advanced driver assistance and you were literally announcing a new one. dxp, and operating system for ados, explain how it works. amnon: it is good to be here and see you. dxp is a driving experience platform. there is a natural tension between the need of a supplier to scale and create one system that fits all and the need of the customer or carmaker to differentiate, to try to make something that is unique to its own driving experience. and, the way that this has been handled so far is let us provide the carmaker with library's, with api code and let the carmaker build their own system. this does not look like it seems to work. ed: you are basically going and saying here is an operating system. and then what? amnon: there are two extremes. once we separate it is what is universal and unique? perception is univ

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!n you know. book now. huh. internet's out. you've got more options wanna hear a fun fact? elbows are impossible to lick. i meant your own elbows. you don't settle for bad internet. that's why you have the xfinity 10g network, with ultra-low lag for better streaming. wish you would have been more specific about your elbow. only from xfinity. i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. alix: about an hour into the trading session. the headline level is pretty boring, but there are a lot of interesting sector and stocks stories unfolding. abigail is tracking the moves. abigail: we had the s&p 500 up half a percent,

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ou've got more options than you know. book now. (upbeat music) there's more to business than the business you're in. if you use data, that's the privacy business. manufacturing on demand? you're talking cloud business. got a few million hyper-connected customers? digital experience business. that was fast. that's where deloitte comes in. with the right combination of talent and technology to help advance and connect all that it takes to excel in business ... to the business i'm in. deloitte. at cdw, we get if your network power goes down, your business goes with it. recording: thanks for calling, we are unexpectedly closed today due to... cdw experts can keep you up and running with an apc smart-ups lithium-ion ups from schneider electric. it offers cloud-enabled remote monitoring and three times the battery life, so you can get the performance and certainty you need to stay open for business. for resiliency at the edge, trust schneider electric and it orchestration by cdw®. people who

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!e got more options than you know. book now. >> we are going to approach this, number one, acknowledging our mistake. we are going to approach this with 100% and complete transparency every step of the way. we are going to work with the ntsb who is investigating the accident itself, to find out what the root cause is. we have a long experience with this group. they are as good as it gets. guy: dave calhoun, the ceo of boeing, telling employees yesterday that the company made a mistake. an all hands meeting. let's get the latest from our editor on aviation. benedict, in terms of what happens next, we have a good idea, there will be an investigation, there will be a significant amount of follow-up from this. are we starting to get an idea of how investors are thinking about this, what investors want from this company? is there a sense that the rest of the management team at boeing are the right people for the job at this point in time? the idea was this would be a stabilization of this co

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!e got more options than you know. book now. i don't want you to move. you've got more options i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. [elevator bell] [female narrator] we're drowning in information and it's harder than ever to separate what's trustworthy from what's not. but we can learn to see through the tricks and tactics of bad actors, develop sound habits of mind, better filter our sources. and elevate more credible information. together we can stop the flood of misinformation. let's care before we share. learn how at newsliteracyweek.org. [comcast jingle] guy: so, a little softness creeping back in. it is more red than it was 10

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!e got more options than you know. book now. ♪ (captivating music) ♪ (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) >> i will campaign for president biden. the stakes could not be hard for our country, the world. he stood up for global values, universal values, for america's obligations. jonathan: john kerry yesterday. secretary kerry was blunt,. he has got his views. we estimate about the 13 million barrels plus of crude produced daily in america. he said it was necessary. lisa: is this a -- annmarie: that policy success? he talked about it and region were on russia. jonathan: we have barely heard from this administration on fossil fuels. lisa: we have not heard anything. the fact that that has become the de facto policy to as much oil as you can has been one of the main drivers of oil prices going lower. what did he say, if we did not have that we would have social unrest? that is strong

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. standardization, benefits to uniform production, so all the e.u. needs to do is regulate the single market. it is then the market forces and the business incentives of global companies that transform that e.u. rule. guy: so we're wrapping up this monday, feels like a fairly depressing monday. the u.s. is on holiday. there's not much happening in european markets. markets being dragged a little lower by some of the analysts' calls on single stocks. l'oreal's been weighed down. hsbc is under a little bit of pressure. bnp par day saying drop that stock. the data on germany aren't particularly good. they're not as bad as would you have thought they maybe should be given the number of rate hikes that we've seen. effecting that market and what's going on in china, etc. kinds of a quiet day really today. we'll wait and see what happens tomorrow. this is what the session looks like. again, not really, i don't think giving you much kind of a sen

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!'ve got more options than you know. book now. (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance you've got more options than you know. so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking release, i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking about food. after taking release, that stopped. with release, i didn't feel that hunger that comes with dieting. which made the golo plan really easy to stick to. since starting golo and release, i have dropped

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ptions than you know. book now. >> we don't need another mealy mouthed politician who tells you what you want to hear to get your vote. >> he has switched his policies multiple times. every time he lies, drake university, don't turn this into a drinking game because you will be overserved by the end of the night. >> when you need someone to fight for you don't look for nikki haley. you wouldn't be able to find her if you had a search warrant. >> how did you blow through $150 million in your campaign if you were down in the polls? >> she equates -- jonathan: gop presidential candidates ron desantis and nikki haley sparring on the cnn debate stage. the two republicans calling each other liars and exchanging insults through the evening ahead of iowa on monday. tom: we had a drinking game at the keene household. i'm sorry, that was irresponsible. i am so worn out by the childishness of this. it's painful. jonathan: as a practical matter, we are down to two. parliament, every single week. t

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!got more options than you know. book now. >> and the leap again. live in new york, i am romaine bostick. katie: kicking off with about two hours to we have a rally on our hands. take a look at the s&p 500, up .9 percent. repowering the index. by about 1.7%. it is an interesting week. we have a lot of events coming up later in the week. that is as the bond market rally resumes. currently

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ptions than you know. book now. >> he have seen public credit now that i.s. k has made any attack on iran, we are in addition to doubt that. difficult to make a quantitative -- of their strike based on this one event. i would say what we said before which is that isisk does remain a threat. jonathan: that was john kirby speaking yesterday as antony blinken heads to the middle east to ease tensions. good morning. it is payrolls friday. the state of the play this morning, a losing streak on the s&p 500 and on the nasdaq. four days on the s&p, day five on the nasdaq. pulling back again. negative by .25%. yields are higher by four or five basis points. 4.04 percent. the data better than expected, any -- an adp report with a surprise. lanky foundation for -- laying the foundation for later. tom: the whisper number early on there as well, but i never trust this because it is a december report. i am old enough to know -- that his company off the mark but that is the collective memory of the f

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ou've got more options than you know. book now. >> this bloomberg markets. time for our stock of the hours segment. we have been tracking the banks with a flood of our. jp morgan closed up the most profitable year in banking history with its second consecutive quarter of record net interest income. citibank planning 20,000 of job cuts to boost shareholder value. wells fargo surprised analyst predicting a 9% drop in that metric or 2024. joining us now is the director of financial research at argus. let's start with the collective story. it sounds like based on the commentary from the likes of jp morgan and wells fargo that the peak in net interest income has come and gone. is that your assessment based on what you heard today? >> yes, and that is basically the forward guidance as well. still quite a bit of weakness into the first half of this year. the lending businesses under pressure. muted loan growth based on the higher interest rates and some continued net interest margin interest

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!got more options than you know. book now. ♪ renminbi is a bit of a struggle for direction. live at studio to hear at our headquarters in new york, i am romaine bostick. katie: and i am katie greifeld. two hours to go. he

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ns than you know. book now. sonali: this is bloomberg markets and it is time for a stock of>> 13 billion in the law years, two or three, a pretty notable step up there. in addition to the fact you have distracts from last year, they do cost savings and that is coming back on, the production cost is back on, netflix's budget is going up when it is competitive in the industry. and make sense to be built into these live events because you have got the on decline of linear tv and netflix with an advertising tear now. they can roll advertising into the life event programming which gives them some extra opportunity to earn money. sonali: what you think about the opportunity if it is expensive to use as a hedge? you mentioned these rights earlier, what do live events help at do and what global opportunity and what kind of content opportunity relative to the revenue it could bring in? >> it is -- much of hedge is the word but it is a different kind of content from netflix's base of programming

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ptions than you know. book now. romaine: the markets finally seem resigned to listen to what central bankers have been telling them along. i am romaine bostick. >> and am scarlet fu. 2023 has given way to risk are generally as christopher waller's comments gratuity to elaborate. the s&p 500 is limited losses. two days of treating this week and two days

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. amber: i'm amber kanwar. welcome to bloomberg markets. sonali: i'm sonali basak. on the s&p 500. more gains in the nasdaq 100. the dollar spot index does not know what to do. a lot of economic data today with payrolls and ism data and we were all looking at the dollar down on the day. now it's pretty much unchanged. the two year yield also unchanged.

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ou've got more options than you know. book now. jon: this is bloomberg markets, time for our stock of the our segment. we are cracking cryptocurrency related stocks like coinbase and marathon and microstrategy. they were down and now they are back up. the market trying to anticipate everything in the crypto world including the fdc decision on whether to approve a spot bitcoin etf. the regulators saying that it is a count on acts -- its account on x have been compromised and the post was fake and we are awaiting more details as we wait to find out what happens on the approval process. the author of crypto's macro now joins us now. what is your take on the last 24 hours? >> my take on the last 24 hours, most of the crypto market is wh at? it is interesting that the price bump on the fake approval. we saw it welcomed and then the price fell where it had been before the fake tweet when out. what will actually happen to the price when the actual approvals does come through? it highlights ho

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ions than you know. book now. john: this is bloomberg markets. time ford today's what it's worth segment. that was the total number of existing home sales in the u.s. last year, the weakest showing since 1995, 4.0 9 million. there were fewer people in the country. housing is sensitive to interest rates and the rapid rise in our in cost took a big bite out of activity. sonali: i remember a conversation and i asked if it was a housing crisis. it is certainly an affordability one. we are joined by a bloomberg senior strategist. if you look at the pressures on the housing market, how bad is it relatively and wind does it get better? >> those are key questions. it is a strange market because so many people are sitting on these homes they purchased in 2021 with low rate mortgages, so the high rates are having an effect on those homeowners as well because it is making her to relocate -- hard to relocate or take equity out of their homes, that we say they are house rich but cash poor. if you l

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! options than you know. book now. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh jon: this is bloomberg markets. let's get to a story we have been tracking the last 30 minutes. claudine gay stepping down as president of harvard university ending a brief and tumultuous tenure. the chief academic officer at harvard has been tapped as the interim president. as for gay, she said it has become clear it was in the best interest of harvard to resign so our community can navigate this moment of extreme neri challenge with a focus on the institution rather than any individual. david westin joining us with more on this developing story. what can you tell us about what led to this? david: we know about it because miss gay and the president of penn and m.i.t. recalled before congress to answer for some of what was going on on the campuses and the aftermath of the attack by hamas on israel. it has been a fire

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!you've got more options than you know. book now. i don't want you to move. you've got more options i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now. scarlet: the first week of 2024 is almost in the books. i'm

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ou've got more options than you know. book now. >> bob iger is a phenomenal executive. he led that company through so many cycles and is a gifted leader so it is a great pleasure to work for them but it is not for me to judge. jon: james gorman speaking earlier with sonali about bob iger. disney and focus today after winning the support of a key shareholder in its battle with activist nelson peltz, bob iger working out that deal with another activists investor. disney and exchange will share information and meet with value act. another investor, blackwell capital, supporting three directors who would champion bob iger's strategy for the company going forward. ed ludlow joining us to put all the pieces together. i'm sure this is a great disney plus original series here that could be in the works down the road from all this back and forth. walk us through these chess moves. ed: iger has the support. they put out a joint statement in which they basically said at a time where the big tech

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!you know. book now. >> the base case is drama, brinkmanship. it seems the like -- it seems like we could get the government shutdown. i tell clients to pay attention to the longer-term provision. i think you'll get government-funded. we will get defense supplemental. we will get something on the border, it is just a question of timing. jonathan: two deadlines in washington, d.c., that was ed mills over at raymond james. good morning. equities unchanged on the s&p 500 after a few days of losses on the s&p and the nasdaq. unchanged on the s&p and the bond market, yields higher in 10 year. 3.96. the euro is stronger by .25%. sit on could for a moment, picking up yesterday, the one-day rally going back to november. picking up again today by 1%. $73 and $.40 -- $73.40. tom: you have to look at america as a dominant provider and brent crude which has more to do with the eastern mediterranean. went down and it is trying to come back against this horrific backdrop. lisa: and it is escalating.

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!al community that between democracy and authoritarianism, we will stand on the side of democracy. guy: taiwan's still ruling democratic party speaking after winning the presidential election this weekend. you could argue that that victory deals something of a blow to beijing's ambition to have greater influence over the island, but the fact that there was not a majority, actually maintain the status quo, gives china-centric to work with. amy celico at the albright stonebridge group joins us now to discuss. if the victory had been more convincing, china would have a problem, but it wasn't. i wonder because the dpp won but didn't get a majority, could this become something that china lives with, status quote, everyone wins kind of scenario? amy: i agree with you, guy. i don't think the chinese will ever admit it, but actually there is some good news even for beijing with this unprecedented third term victory for the dpp and meeting the presidency over taiwan. day, as everyone knows, lost

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ou've got more options than you know. book now. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >> the trump election, the first time around, we all looked around and thought about putting in hedges. >> there is no appetite -- >> when you look at the likely policies, there may be some serious concerns. >> when he was president, spending about 70% of the nato budget. this was trump's main issue, that they were not spending enough. >> there is little sign of discipline from either party right now, which is concerning. >> we are all concerned about it, because the united states is the largest economy. >> there is too much to be decided. if you look back the first time, there was a lot of concern, apprehension, that did not necessarily materialize. >> everything changes if trump wins, mostly in bad ways. man

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ot more options than you know. book now. jonathan: text talk struggling just a little bit. were back on the s&p 500 by something of one half of 1%. in the bond market we see that change. 4.0 298% per yield are going nowhere. the fed decision just around the corner. >> he is going to be data-dependent. two more inflation prints before the march meeting. i still don't think they will be cutting in march. they are not in a rush. data had been good. they have been talking about talking about this and that will probably cut off in june. jonathan: bank of america and goldman expecting morgan stanley, looking for june. the chief economist and head of global economic research joins us now for more. the fed decision today with expectations high we get some kind of guidance about a march rate cut. the same time on friday looking for payraise growth still close to 200 k. how do you reconcile those things. >> i think what the fed is going to do is open the door but tell us it hasn't decided if it'

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ou've got more options than you know. book now. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >> last night we had a record-setting evening in iowa. it is time for the republican party to unify, come together, and move forward as one team. we have to be to cricket joe biden. we are going to win on a level that maybe could even be bigger than what we did last night in iowa. jonathan: that was former president donald trump speaking after a landslide win in the iowa caucus setting his eyes on the new hampshire primary. we should get straight to it with the next conversation. evan a brian kemp, republican from georgia -- governor brian kemp, republican from georgia. it is time for the republican party to unify, to come together. >> i don't think we are seeing that from the other candidates right now. that

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!you know. book now. >> the president has said we are ready to act in self-defense if needed. i'm not going to get into specifics of our military operations but the president has always been committed to our service member and protecting our service members abroad and that's what the president will be committed to. jonathan: the white house press secretary as the biden administration looks to defend against attacks on the red sea. the risk of that taking place may be escalating just a touch based on recent news. the latest this morning. a senior hamas leader killed by israel in an explosion in beirut. tom: it's not all that great a distance from gaza and lebanon. in the eastern mediterranean it shows the multiple fronts and there's a meeting -- and immediacy. jonathan: taking the temperature of this in the commodity markets really difficult. crude lower. wti doing nothing. brent crude positive by .1% to $75. >> we do this with an authority, norman rule joins us now. senior advisor for s

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ns than you know. book now. caroline: atlanta-based venture capital firm invest in businesses by women of color and it is being sued by the american alliance of equal rights. a conservative activist who challenged affirmative action. it's headed back to the 11th court of appeals. i am here to welcome arian simone. it is a strivers grant which focuses on $25,000 grants. >> we are being sued for alleged discrimination. according to the 1981 section of the civil rights act which was a law put in place for nonwhites to enter into contracts. they are saying we are discriminating based on that law. caroline: your argument that these are not contracts, but grants. what kind of cooling effect is this hot on allocation of money to diverse founders when only 1% of money was allocated to women of color. arian: it was a fraction of that. the cooling effect is the spirit of fear. people have been scared to deploy and uphold their diversity initiatives. the government has snowbound on grants and the

xichun will take your sketchy insurance. xi-chun! xi-chun, xi-chun, xi-chun! thanks, bro!ou've got more options than you know. book now. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. ♪ jonathan: live from new york city this morning, good morning. equities pulling back just a touch, negative by 0.1%. lisa, ups in the premarket down hard. lisa: i'm looking through and it is both a volume store and profit

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! options than you know. book now. guy: wednesday, the 17th of january. european equities, look away, ugly picture. details in a moment. countdown to the closed starts right now. >> the countdown is on in europe . this is bloomberg markets: european close with guy johnson and alix steel. ♪ guy:

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!han you know. book now. thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh sonali: first day of trading in 2024, stocks are down on the day. abigail: certainly a little heavy. s&p 500, nasdaq 100, russell 2000, we are on the lows. nasdaq 100 closer to 1.9 percent. take a look at the russell 2000, small-cap trying to flick green on the day. let's see whether or not that happens. crude oil, intraday moves. we have mirsky, the shipping company, saying it will not be putting ships on the red sea amid the rubble situation and the u.s. led effort, recently shooting down three houthis. companies saying they are not going to have their ships there. oil down right now, which is not make a lot of sense. also whipped sign, yields higher on the day, bonds down,

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!'ve got more options than you know. book now. hi, i'm kim, and i lost 67 pounds on golo. when i go out with people, you've got more options than you know. they expect me to eat like a bird. they are shocked by the amount of food i eat while losing weight. with golo, i don't need a cheat day because i get to eat the foods i like any day of the week. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. >>> welcome back. two big stories. >> we are going to start with jetblue and spirit. this is judge william young. dedicated customers of spirit, this one is for you. w

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!e got more options than you know. book now. >> this is bloomberg markets three time first stock of the hour. shares are tumbling after the news ceo announced plans to almost have its quarterly dividend and make changes to increased cash flow. retail comparable sales for a fiscal year to decline in those single digits. let's bring in the analyst. an in-line meeting with the price target which is basically where the stock is trading right now. elizabeth, i would love to get your take because i do not think the dividend cut was the surprise. the conference call took place. what happened? >> absolutely. the dividend cut was more than we talked about. we talked about the downgraded rating. we knew that this was something that was likely to happen in some point in time. what happened on the conference call was an increased focus on the core challenges. we had some conversations about the potential reimbursement but there are some current challenges. as well as the number of people getting pr

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!re options than you know. book now. get over here kids. you've got more options time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now. to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off. who loses 138 pounds in nine months? i did! golo's a lifestyle change and you make the change and it stays off. (soft music) guy: stocks are down but up off the floor. it is a tight r

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ou've got more options than you know. book now. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> welcome back to "worldwide exchange." time for the "wex wrap-up." the taiwan government sending an alert to citizens saying a chinese satellite has been launched. >>> and michael o'leary is speaking with the financial times over the boeing warning. the profits will fall because of manufacturing issues plaguing boeing and airbus. >>> hp enterprise is in talks to buy juniper in a deal worth $13 billion. >>> we are watching shares of apple this morning after snapping the five-day losing streak saying will begin taking pre-orders for the vision pro headset. >>> and gsk is buying aiolos bio-. it . >>> and michelle bowman adjusted her stance and sees the interest rate hiking cycle as likely over. she is not ready to ad

xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun!ions than you know. book now. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything. >>> welcome back to "worldwide exchange." time for the "big money movers." discover shares are sinking. the credit card giant missing q4 profits as it deals with co compliance and higher costs and leadership shakeup it needs to set aside more money in the situation of the tougher consumer environment. >>> shares of alcoa are better than expected in q4. it is calling for another year of lower sales volume thanks to weaker commodities al