dayal news 24 hours a powered by journalists and analysts in 120 countries. >> one rate hike on wednesdaywo at most next year. that is what the fed is expected to announce after its two-day meeting wraps up later today. could expectations of a trump spending boost to the economy change the timeline? kathleen hays has more from new york. >> 100% odds of a rate hike. a rate hike is appropriate including fed chair janet yellen herself. let's jump into the bloomberg. one more look. it includes better consumer and trump boosting the economy next year. what is next for the fed? more gradualism. hikes will see if they update those forecasts. the majority looking for that rate hike until june. some been say the benefit is a too quick increase in inflation. >> the labor force is out of extra workers. they are increased in payrolls a month. it is not going to continue on because we are running out of people. donald trumpbout cutting taxes and boost spending? will that speed up the pace of fed hikes. they can't make policy on what donald trump might be able to pass through congress. markets are not

dayal news 24 hours a powered by over 2600 journalists and analysts in over 120 countries. a bloomberg. ♪ caroline: this is "bloomberg technology." president obama laid out the rising risks of cyber warfare. >> we are a digitalized culture and there is hacking going on every single day. there is not a company, a major organization, or a financial institution where somebody is not going to be fishing for something or trying to penetrate with a virus or malware. caroline: a clear example of disclosing ao! major hack last week. experts talking about this issue. welcome to the show. let's begin -- we were all geared up for donald trump versus the tech titans. it was not as adversarial as we thought it would be. >> the two things that surprised me was, firstly, i was overwhelmed by the amount of detail that carol fisher was able to get. and also the photos that were published ahead of time, it looks like the tech leaders we saw were going through three of the five stages of grief. every major issue was touched upon but i don't know what the response they heard from trump. if the

dayal news 24 hours a powered by more than 2600 journalists and analysts in more than 120 countries.obil's rex tillerson is president-elect donald trumps pick for secretary of state, setting up a confirmation battle over his close relationship with russia. rob barnett is a senior entity policy analyst and joins us live from washington. great to have you. let's talk about the controversial ties tillerson has with russia. trump seems to be surrounding himself with pro fossil fuel advisers. what does that say about his energy policy? rob: he is going to surround himself with those that are pro-oil, natural gas, and coal. and in many ways, reversed legacy that president barack obama has been building on pro-climate policies. word of cautiona. just because you won the election and have a new set of advisors in agency aheads, that doesn't mean you get to rewrite all the underlying laws. there will be numerous institutional and political hurdles to achieve what they are talking about, at least rhetorically. host: when you take a look at the team, it seems like rick perry will be offered sec

dayal news 24 hours a powered by more than 2600 journalists and analysts in more than 120 countries. let's look at the markets. afternoon trading just underway in hong kong. asian stocks follow the u.s. lower. this is bloomberg. caroline: i'm caroline hyde. this is bloomberg technology. alibaba's credibility crisis, the sequel. jamie dimon opens up. the ceo speaks exclusively to bloomberg and discusses dealing with disruption. and after another lackluster year on the tech ipo red carpet, a star-studded lineup. but first to our lead. a fair punishment or political power play? alibaba is named on a u.s. blacklist for featuring confi counterfeit goods on its site. back forassing step the company. shares slid in thursday trading, with analysts suggesting the move was politically motivated, given heavy-handed rhetoric on china from the incoming u.s. president. alibaba's ceo, daniel zhang, wrote, we will not focus on whether it was fair. we will focus on how we improve. we also need to recognize that protectionism is ever present around the world and influences that are not free-market ori

dayal news 24 hours a powered by more than 2600 journalists and analysts in more than 120 countries. bloomberg. let's get a check on how the markets have been trading in the asian pacific today. >> a much better day than what we saw across the region yesterday. some of the geopolitical risks have been put to the side. positive coming through in new zealand. we have seen a turnaround in the nikkei. ying that's the yen strength and against the dollar. a good day in shanghai, up by over 1%. we are seeing a little bit of bargain-hunting coming through here. also a positive day on the hang seng index. 6/10 of 1% gain coming through in hong kong led by some of these casino players. still seeing this weakness coming through in development stocks in hong kong. a little bit of mixed movement coming through in southeast asia. solid issue coming through today. this is bloomberg. >> welcome back to bloomberg technology let's get back to our top story. it was a record-breaking day for the u.s. market, dow as nasdaq closed at new highs. our big tech names feeling the lift after a bumpy few weeks a

dayal news 24 hours a than 2600 more journalists and analysts in more than 120 countries. but get a check of the markets. afternoon trading getting underway in hong kong and china. shaking off that positive data out of china today. this is bloomberg. . ♪ emily: i am emily chang and this is "bloomberg technology." president-elect trump invites tech leaders to meet this week. my exclusive interview with investor, entrepreneur, and former google venture ceo bill maris. we find out what his next for the media giant. first to the lead. a tech-focused meeting of the minds at trump tower. the president-elect sits down with top executives who largely backed hillary clinton and spoke out against him. among those attending, jeff bezos, sheryl sandberg, elon musk, and chuck robin, larry page, and tim cook. the meeting is a chance for silicon valley to find common ground with the new administration. after clashing on key issues like integration, trade, immigration, and net neutrality. joining us is bill merits. great to have you back. i would love to be a fly on the wall at this meeti

dayal news 24 hours a powered by more than.600 journalist and analysts in more than 120 countries. bloomberg. let's get you a check on how the markets have been trading in the asia-pacific. juliet: mostly negative across asia today. we are seeing the regional index and the read. there is a little bit of your and positioning at play, but also the turmoil from europe, a lot of geopolitical concerns. we had a strong finish on the asx 200 in austria, closing high by half of 1%. new zealand coming off its earlier gains in closing flat. you continuing to see the yen weakening against the dollar following the boj's decision, which was expected after no action from the boj. we are seeing the weaker yen release japanese equities. -- this is after we saw south -- tradeed positive positive for the first time since 2014. the hang seng in hong kong down by one half of 1%. also insurance players coming under significant pressure. checking on the income it is holding at 117 .64 at the moment. down half of 1% against the dollar. we will be live from london at the top of the hour, this is kluber. -

dayal news 24 hours a powered by more than 2600 journalists and analysts in more than 120 countries.formally kicking off its options process next month with six bidders in mind. your to talk about what is next is shelley. trouble seems like a fair assessment. what are they doing to try to get out? >> to trying to the luxury status is not michael's trying to do. the retailers were everywhere. when everywhere, no longer has that luxury. >> just to going to the website, a lot of the more luxury -- did not discount. i guess all of these stories are interrelated? >> a lot of weakness on affordable luxury, which everybody aspires to get, that the middle-class aspires to get. you see a pullback of the department stores. people go to department stores and they really discount fig and huge sales. is a reaction so revenue goes down. shareholders get worried. >> talking about the potential for deal activity, is this unique for kids. in terms of looking for a sale or is this part of m&a chatter -- you talk about >> there has been so much m&a chatter and rumors, everyone of these has been subject

dayal news 24 hours a powered by more than 2600 journalists and analysts in over 120 countries.this is bloomberg. oliver: let's get more on the year on the markets. the s&p 500 expected to hit 2500 over the next few months. for us, the election cycle and the fed have changed our views quite a bit. havehe past four years we enable us look on u.s. equities but with low earnings growth and higher multiples to we change that call. we think there will be a lot more earnings growth. we think the tension will be that that will be partially or ultimately all offset during price declines because you have a more active fed, more uncertainty and volatility as well. >> so the fed will be a factor on share prices. a lot of people have noted that the fed was taking a backseat, monetary policy was no longer the driver and we would than to the fiscal side for catalyst. >> it is multivariable, but i would say this. there was definitely a notion where you have bad economic news which was good for the markets because the fed was there. i think we have transitioned now ounds insane to say it now --

dayal news 24 hours a howard by more than 2600 journalists and analysts in more than 120 countries, i'mhis is bloomberg. scarlet: thank you so much. let's get back to the breaking is that anna was telling us about. turkeys ambassador to has died according to foreign ministry. a reporternow is from istanbul. what is the latest? simin: it is concerning that the russian ambassador to turkey has in fact died. it took place in an art exhibition in ankara where a man wearing a suit fired a few shots at him. as he was firing the shots, he shouted out about aleppo. aleppo is the city in syria where russian military forces are backing the syrian government against rebels. what we have been hearing over the past few minutes is that an kara is confirming that the gunman was a turkish police officer. this is very worrying as a development. it is worth noting that tomorrow turkey's foreign minister was supposed to travel to moscow to meet with the russian and iranians regarding the situation in syria. scarlet: certainly that meeting may be in jeopardy. when you look at turkey and russia's relationsh