it also has a direct flights to new york, london, and tokyo. exactly this lockdown it cannot work. how long it'll last? people are panicking, grocery markets are packed with shoppers. shelves are empty because people we re shelves are empty because people were able to new york, london, and tokyo. we did not know how exactly this lockdown cannot work. how long it will last? people are panicking, grocery markets are packed with shoppers. shelves are empty because people were ab supply to wuhan will not last for a long time. here's the view of some travellers who are unable to travel out of wuhan. translation: we were at the very epicentre of the virus. maybe it is best not to travel. translation: i am confident that our government has the situation well in hand and that the situation will be quickly brought under control. hospitals in wuhan are completely overstretched with hundreds of patients waiting to see doctors. here's the view of one nurse at a hosptial in the city. translation: we are all still young ourselves, so honestly, we feel lost a

do you like s some stuff and m moves everything happening in new york it's like february rightt but then itit it literal. goes new york london malign. paris boomm boom boom four weeks in a row. and they're back to back. and i don't know whatat will be a part of the mind of the part of anything but hopefully it's still not something . if i can find the page that i was on. some confirming to one of our biggest of. yeah barbie allowed the soviet times this week. him because the window my man willing to savannah just aheaea. that have german in high and into her littlee. the. so if you ask me what i talk about when i'm at school. i'll give this back to the knees we have lots of opportunities that come out of the fact that she's such a good speaker now and people want that story as you build a name for yourself. it opens up of the kind of the opportunity to build a business out of it model a model of the. mother i'm ofof the minind. one to go k a little cement oil hi way money from them when my son just like how it. progress y you knknow for us on the go button. on the left has the locust hunt carson idea. i think all of those th

also has direct flights to new york, london, and tokyo.nd we don't know how exactly this lockdown can work, how long itl last. people are panicking. grocery shoppers.e packed with shelves arety e because people worry about the supply in wuhan will n time. for a very long >> i want to bring alsovo some f thes that we have been taking a look at, as well. e authorities in beijing have canceled, as mentioned, those celebrations as a fear about the virus growing. let me bring the view of some travelers who are unable to travel out of wuhan. >> we are at the epicenter of the virus. maybe it is best not to travel. >> i am confident our government has the situation well in hand and it will quickly be brought a so hospitals in the city completely overstretched with hundreds of patients waiting to see doctors. let me bring you the view of one the nurses at the hospital. >> we are still all young ourselves. honestly, we feel lost and afraid. our family members are worried, too. but as long as we were the protective clothing, we will be ok. >> n one o

live from new york, i'm alix steel. -- fromm new york london, i'm guy johnson. "bloomberg markets." the investment bank has a plan that could leave it looking more like an everyday bank. goldman sachs ceo david solomon spoke yesterday to bloomberg's sonali basak at the investor day 2020 in new york. david: feedback is quite positive. i think people appreciate that we did it. people appreciate the transparency, and the fact that we have laid out a clear path forward for our business, strengthening our existing businesses, making some adjustments in new businesses. the feedback has been very constructive. sonali: you are entering transaction banking, wealth management, and a lot of banks are already in that space. what is the investor thesis for goldman sachs? david: we've been in the wealth management business for a long time. we just dealt with the ultra high net worth slice, and we now see an opportunity for a united capital opposition to expand that to high net worth individuals, so that is a really good opportunity for us. one of the things we laid out today

lockdown in china alone at a key holiday time, the lunar new year, greater than the populations of new york, london, and paris combined. abc's senior foreign correspondent ian pannell is in hong kong tonight. >> reporter: tonight at the epicenter of the coronavirus outbreak, the crisis is escalating. dozens of workers in wuhan with heavy machinery racing against time to build a brand-new 1,000-bed hospital in just ten days. and now a second 1,300-bed facility in the next 15. the space desperately needed. hospitals teeming with patients, and staff stretched thin. in china alone, there are now more than 1,400 cases and at least 42 deaths. as more than 400 medics who worked on sars and ebola deployed to help with the rapidly growing emergency. wuhan and 16 other cities in a travel lockdown. that's a total of 50 million people ordered to stay in place. that's the population of the states of new york and texas combined. the u.s. government evacuating the majority of consulate employees and families from wuhan and is reportedly working on a charter flight to get all remaining americans out. >> the term "

in new york, 3:00 p.m. in london, and 30 minutes into the trading session in the united states. from new york, i'm vonnie quinn. guy: from london come i'm guy johnson. -- from london, i'm guy johnson. welcome to "bloomberg markets." vonnie: the s&p 500 down a percentage point despite several banks knocking it out of the park when it comes to earnings. jp morgan and citigroup doing great in consumer banking. a littlereasuries just bit lower in terms of yield, 1.82%. this on the fact that we disappointed slightly on core headline inflation. services inflation not making up for the lack of goods inflation. look atve a another few stocks doing things today. 2.8%.fargo down it disappointed greatly. about $500 and continues to rise. delta also had a knockout quarter thanks to do messick demand, lower fuel prices -- thanks to domestic demand, lower fuel prices. smile direct club is getting into direct company should with its main competitor. guy: european stocks are up a little bit. oil acting as a little bit of a drag. definitely the focus on the u.s. banks. in terms of volume, we are

york, 3:00 p.m. in london, and 30 minutes into the trading day in the united states. from new york, i'm vonnie quinn. guy: in london, i'm guy johnson. this is "bloomberg markets." vonnie: more breaking economic data today after industrial production earlier on. university of michigan sentiment .1,a coming in at 99 slightly shy of the 99.3 economists were looking for and the 99.3 of last month. 88.3.ations coming in at the inflation expectations, one year and five year, both coming in at 2.5%. that rounds out the raft of economic data. let's get to markets and see how they are reacting. we are getting a bounce today because of some positive earnings. beatingreet coming out, expectations on revenue and on earnings, and talking about cutting expenses. we had an upgrade for yum! brands at morgan stanley. plenty of good news stories in the market today. the 10 year yield is at 1.84%. a couple of dynamics going on here, not least of which stephen mnuchin talking about issuing a 20 year bond to help with the deficit. guy: really interesting story. here in europe, stocks are at record

in new york, 3:00 p.m. in london and 30 minutes into the first trading day of 2020. from new york, i am vonnie quinn. >> from london, i am guy johnson welcome to bloomberg markets. >> we are starting out the year the way we finished 1919. the s&p 500 is higher again by more than .5%. it is almost at 3250. most of the index groups are higher. it is a general good feeling for the hardware industry. media entertainment companies including google, twitter and facebook are higher by more than 1% as well. finally, selling and treasuries. the 10 year yield is back down to 1.87. volume was good, it has faded as the day goes on. every sector in europe is in positive territory. are seeing luxury stocks doing well. the mining stocks are doing well. the euro is softer. we have some disappointing data coming out of the manufacturing sector, particularly out of germany. take a look at the relationship between the german two-year and the u.s. to year. , take a lookn-year at what is happening here. yields are lower. prices are little higher. vonnie: let's get to the economy and the m

in new york, 3:00 p.m. in london, and 30 minutes into the trading day in the united states. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." you're over your pending home sales were up 6.8% in december. and economists are looking for that to be 10.3 percent. we will have to look at that. this is december data. let's check markets now. considering the amount of earnings and investor calls and investor days we are getting, the s&p 500 is right now erasing some of its gains on that housing data, as well as conference calls coming in from different companies. the 10 year yield still at 1.61%. coronavirus updates coming in the next hour from the who. more than 13%. it got what investors are considering good news with the idea that les wexner might step down as ceo, and the brand might break up, according to people familiar with the matter his book to bloomberg -- with the matter who spoke to bloomberg. starbucks says the coronavirus is having more of an effect in china, so as many as half of its stores are closed. for that, stay tune

you know, there is not a lot of couples that i can think of that jet between toronto and london. new york vancouver island. you know, they say they want to be eco—conscious, but to get off the island, you have to take at least one transfer to vancouver and then elsewhere, so as much as they are enjoying their holiday here, i do not see it lasting. lawyers and judges from across europe havejoined a major demonstration byjudges in poland. in a silent march in the capital, warsaw, thejudges — along with thousands of demonstrators — were protesting against proposed legislation which will give politicians greater control over the appointment and disciplining of judges. rich preston has this report. dressed in their legal robes, judges from across the continent joined their polish colleagues in solidarity, gathering at the supreme court before marching past the presidential palace towards parliament. they are angry at legislation being introduced by the governing right—wing law and justice party. it will give politicians greater control over the appointment of newjudges and the power to discipl

you know, there is not a lot of couples i think of thatjet between toronto and london, new york and londony wa nt to but vancouver island, they say they want to be eco— conscious but to get off the island you have to take at least one transport to vancouver and then elsewhere so as much as they are enjoying the holiday here, i do not see it lasting. at least eight people have died as a result of severe storms sweeping across parts of the southern us. deaths were reported in the states of alabama, louisiana and texas. hundreds of thousands of people have been affected by power cuts as a result of the storms. some other news in brief now, starting with libya, where rebel forces loyal to general khalifa haftar have announced a ceasefire in their campaign against the un—backed government in tripoli. they say it's conditional on other parties respecting it. the tripoli—based government has already said it would welcome a truce. france's prime minister has offered a concession to unions in a bid to end nationwide strikes against proposed pension reforms. edouard philippe said he was willing to w

in new york, 3:00 p.m. in london, and 30 minutes into the trading session in the united states. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." vonnie: we are very likely getting the signing of that very partial china trade deal, and that is the theme for today. we have a little bit of a lift for the s&p 500. gaming companies doing pretty well. tesla has also topped $500 a share. the 10 year yield at 1.85%. not a whole lot of change there after the jobs report friday. we have the dollar index right around where it was at the end of last week, $97.4. crude oil is below $59 a barrel to begin the week, $58.48. at sessionan stocks lows. stoxx 600 down by 0.3 percent. the pound is getting a battering. increasingly, noise out of the bank of england's adjusting we are heading for a rate cut toward the end of this month. pound suffering as well on gdp data today. german ten-year, we are up by four basis points. we are trading -16. chinese vice premier liu he is set to arrive today before an expected signing of a phase i trade deal with the

ahead, nancy pelosi about to hold her weekly -- ♪ vonnie: live from new york, i'm vonnie quinn. guy: from londonguy johnson. this is "bloomberg markets." let's check in with the bloomberg first word news. here is ritika gupta. ritika: house democrats headed for asa bolick showdown on iran with president trump -- for a symbolic showdown on a run with president trump. the presidentre action on iran unless he has chris congressional -- unless he has congressional approval. chinese buy from your liu he will travel to washington design phase one of a trade deal. the u.s. has agreed to suspend new tariffs on chinese imports. it is also reducing some existing levees. china has agreed to buy more chinese farm products. lebanon has issued a travel ban for carlos ghosn, the fugitive former nissan chairman. lebanon is responding to a notice from interpol. lebanese prosecutors questioned ghosn for almost two hours about the charges he faces in japan. they've asked him to turn over his french passport. note taking a knee, no hand gestures with political meaning, no disrespect at medal ceremonies. the u.s. ol

within weeks, the sea lion story was covered by the today show, good morning, america, the new york times, the londontimes and dozens of other news out lets. one thing was crystal clear, the sea lions were big news with a capital b. pier 39's management congratulated itself of being public relations geniuses and the rest is history. [laughter] for three decades, this herd of sea lions have made it their home. over that time, over 250 million people have watched the sea lions bark, roughhouse and play king of the mountain on the docks below. we are so proud to have been stewards of this amazing group of benefits and for the work of our partners at the bay and sea lion center. i want to thank all of you for coming today to help us celebrate these amazing animals. i would like to invite president and ceo of aquarium of the bay to the podium. george. [applause] >> a quick two-minute video on how we got here in the last 18 months. >> this is a truly compelling example of how they intersect to create one of the bay area's most vibrant, visual, engaging and educational public artwork. introducing sea lions

in new york, 3:00 p.m. in london, and 30 minutes into the trading day in the united states. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. welcome to "bloomberg markets." ofnie: we've had a raft economic data this morning, but we are getting more. the national association of market index coming in at 75, down a point from the month prior. nevertheless, it looks like homebuilders are being pretty optimistic after retail sales data earlier, which was better than forecast as well for the most part. let's check on u.s. markets now. as you might imagine, we are above 3300. a nice half percentage point gain in spite of some real whinnies when it comes to ernie's -- when it comes to earnings. a bny mellon forecast really concerned investors because deposits, both interest-bearing and non-interest-bearing, will be lower. so the next earnings quarter is in doubt. not so for morgan stanley. that stock is getting rewarded. here in europe come of the equity markets don't look as exciting in the united states as we are tracking now towards 30,000. hints that may be mo

you know, there is not a lot of couples that i can think of that jet between toronto and london. new yorksland. you know, they say they want to be eco—conscious, but to get off the island, you have to take at least one transfer to vancouver and then elsewhere, so as much as they are enjoying their holiday here, i do not see it lasting. at least ten people have died as a result of severe storms sweeping across parts of the southern us. deaths were reported in the states of alabama, louisiana and texas. hundreds of thousands of people have been affected by power cuts as a result of the storms. several tornado warnings were in place on saturday, with alabama said to be most at risk. a new ceasefire has come into effect in the syrian province of idlib, the last bastion ofjihadists and opposition fighters in the country. but in the run—up to the truce, the region was the target of deadly government airstrikes. the syrian observatory for human rights says six children were among at least 18 people who lost their lives in the three air attacks. in libya, rebel forces loyal to general khalifa haf

york, 3:00 p.m. in london, and 30 minutes into the trading session in the united states. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." vonnie: a consumer confidence reading for the month of january coming out, and it is a beat. the consumer is doing well by all accounts. 131.6. economists were looking for 128 on the nose. expectations much higher than last month at 102.5. the present situation number is also a good five plus points better than the previous month. the richmond fed manufacturing index also out, coming in at a whopping 20. economists were looking for that number to be minus three. we will discuss all of this economic data with liz ann sonders in a moment. we were getting a bounce anyway, but it looks like that data is helping things along. the s&p 500 bringing back its gain. yesterday might have been just a little blip. we will see how we proceed. the 10 year yield also recovering a bit towards those levels pre-coronavirus, at 1.63%. harley davidson one of the companies really suffering on earnings. the fifth straigh

we want to open a family office in new york and london. an office in london, which has been operating for 30 years. we want to turn part of that into a family office. i have discussed this with you before. sometimes in africa, you have issues of devaluation. david: sometimes wealthy people collect art, collect cars, collect other things. some of your wealth you are not using, mark you collect things? some of your wealth, that you are not using, do you collect things? aliko: i am not really a collector of art. when i have excess money, i put more terms of strategies. i do not have an expensive lifestyle. david: the pleasure of your life is building your company and giving away extra money? aliko: that is my greatest pleasure in life. david: it is a good success story. i know a lot of people are wanting to know how you have done it. i guess you are saying it is hard work and persistence. a little luck from time to time. aliko: lucky must be there. if there is no luck, you cannot make it. david: thank you for coming today. i appreciate you gi

in new york, 3:00 p.m. in london, and 30 minutes into the trading session in the united states. from new york, i'm vonnie quinn. guy: from london, i'm guy. welcome to "bloomberg markets." happy friday, vonnie. alix: yes, and a --vonnie: yes, and a big week for markets. we have more data now. , thesale inventories down november final data. it is the jobs data we were all concentrating on this morning. it came in mixed, you would say. in terms of a market reaction, it is hard to say what the market is reacting to, whether it is the mixed jobs report, tensions with iran and so on. for now, a fairly sanguine reaction from equities. the s&p 500 just up 0.2%. the 10 year yield at 1.84%. oil continues to drop, down about 0.7% now. the vix is at a fairly calm 12 and change. we are waiting for a 10:45 press meeting with the signatory of state -- the secretary of state. guy: that is going to be fascinating. we have an emergency meeting of european foreign ministers as well today, but that story in washington is one to watch. i'm sure the crude market will be. european stocks up a little bi

we want to open an office in new york and london.e already have an office in london operating for the last number of years. we want to diversify the wealth. as you know, i've discussed this with you before, sometimes in africa you have issues of devaluation, so we want to do that. david: sometimes wealthy people collect art, cars, other things. with your wealth you are not using for philanthropy, what are you doing? aliko: i am not a collector of art. when i have excess money, i'd like to put in more. i don't have an expensive lifestyle. david: the great pleasure of your life is building your company and giving away money? aliko: yes. david: well, it is a very good success story and i know a lot of people wanted to hear how you have done it. he said his hard work, persistence, maybe a little luck from time to time. aliko: luck has to be there. if there is no luck, it's hard to make it. david: thank you for coming today and giving us your insights. aliko: thank you, david. ? >> i am scarlet fu. this is "etf iq," where we focus on the

backk basically paring some of its business in new york and london. t necessarily a surprise to me. been an: wework has urgent restoration project. they've got some new financing. they are trying to ride the ship -- to right the ship, but this is not the only softbank backed business where we are seeing a lot of change. we saw a headline yesterday. sonali: there are a lot of interesting softbank stories on the horizon. door -- is maybe one of the top doordash is -- maybe one of the top of them. like wework, they spent a lot of money to grow, and they are pulling in money very fast. so is there a lesson learned last time around that we can blow into this? reporter: we are focusing more on making money instead of focusing on insane growth, but the unfortunate fallout of that ,s when they are changing tax there's going to be a loss of job, and that is not pleasant. alix: not too much and that upstart companies, not even the ones that are established, they are not having access to that kind of funding to than grow any kind of. sonali: others have raised a

tom and francine from new york and london.ling chart. -- turning and little more dovish and we have this data point that the economy and the u.k. was much worse than expected for the month of november. ronok at oil, we are into -- we are in duron. the story is what is happening and then and with iran fallout from the geopolitical things. tom: a lot of different stories and the market backed off as well. equity futures up 13, dow futures up 125. forward the conversation with a number of good guests including richard in a moment. pulseimportant to get the . what i see from afar and [indiscernible] i am very much looking forward to it. >> i think the oil market doesn't think escalation is happening, so prices spiked to $72 and brent but is now $65 a barrel. i can't compete with the oil and how the situation is evolving. >> what do you think it will take for prices to remain elevated above $65 a barrel? analysts say we could be close to a war. >> this is your second attempt in a month to try and drag me into talking oil prices. th

3:00 in london, and 30 minutes into the trading session in the united states. from new york, i am vonnie quinn. guy: from london, i am guy johnson. welcome to "bloomberg markets." vonnie: a little bit of settling in markets on coronavirus fears. nonetheless, the 10 year yield is at 1.71. i would not say the fear has gone away completely, but it is taking a pause at the moment. with that said, intel's top performer in the dow and s&p 500. the sox is up 5%. intel is up more than 15%. half of that is coming today off the back of earnings. we'll be speaking with the ceo later on. netflix is up as well. this is also a coronavirus story but schnack and freud among investors. company like imax releasing investors. the thinking is people will be staying at home more and streaming on netflix more. the s&p 500 up .10%. guy: in europe, much more risk on. the stoxx 600 up 1.2%. seeing a much more positive session developing in europe. the pound is little softer. better pmi data today. i expect there is profit-taking there, maybe of some people were positioned for better numbers. a bank

tom and francine from new york and london. this -- it is impacting stocks, oil but also the currency in china, all tumbling today. haven assets are feeling that. italian bonds are jumping after regional elections did not show . victory for salvini tom: is lincoln mitchell -- joining us now is lincoln mitchell. a lot of different things including political consulting and most importantly he has done a lot of work figuring out if major league baseball will survive. we will save that conversation for warmer climates. lincoln i fully support that. francine: these are serious -- tom: these are serious times. a politics, there was sort of piece of the democratic party with the era of clinton, a piece of the democratic party with the era of obama. to me we are back to what i remember as a kid which is every democrat for himself. is that what you see in iowa, traipsing through the different primaries? the numbern you have of candidates we have, it is going to be like that. primaries divide, the term elections bring together. having sai

vonnie: live from new york, i am vonnie quinn. guy: from london, i am guy johnson. is is "bloomberg markets." risk off. abigail doolittle, over to you. abigail: you just stole the words out of my mouth. risk off is what we looking at this friday. the worst risk off day in about a month. take a look at the s&p 500 and the nasdaq in the u.s. this in response to the increasing geopolitical tensions smd that disappointing i manufacturing report. nonetheless, losses down 0.7%. the nasdaq down more than 1%. in europe, the dax down 1%. of course, one area of the markets popping, oil. it's take a look at it today chart of brent crude. a pop of 2.42%. tensions inising the middle east, fears that the supply picture could be disrupted. masking the risk off picture for stocks, haven assets rallying on the day. take a look at the 10-year yield in the u.s.. bund yield german down. one area of weakness solidifying the risk off picture, the transportation index and airline index. we will see big losses for the airline index, down 3.1%. unitedn airlines and falling on fears of rising

in new york, 11:00 p.m. london time. ill get more insight on how tensions in the middle east could impact markets. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is the european close on "bloomberg markets." a news briefing earlier on more sections of iran -- more sanctions on iran. not much of an impact. the dow jones is giving up some gains, trading down 26 points. the nasdaq is up about 0.25%. pretty calm. the vix at 12. guy: kind of a goldilocks payroll report, wasn't it? didn't really give the market any reason to go in either direction. volumes pretty good over here in europe today. ftse 100 absolutely flat. negative on the week, but only just. the dax certainly outperforming. the cac 40 absolutely flat as well. we are waiting now for what happens next week with the trade story. payrolls out of the way in a week dominated by iran. a round-trip in terms of the market. this is bloomberg. ♪ guy: 30 seconds to go until the end of this friday's session in europe. e

new york. i will be joining him in london. looking forward to that show. oomberg. ♪ alix: live from new york, i mavs steel. -- i am alix steel. guy: and from london, i'm guy johnson. shares of international paper lower today. the world's largest paper company topping wall street's estimates of more earnings in the fourth quarter, but revenue missed estimates. currently the stock is down 3.5%. , theng us is mark sutton ceo of international paper. talk me through the year ahead. the challenges seem to be mounting on the global space. you just published in numbers. it was guidance on where things go from here. mark: we closed out the year strongly in 2019. we had a strong fourth quarter and record levels of free cash flow. we did close the year strong. guidanceare our 2020 and we had a number that was down from our 2019 performance, primarily based on price decreases that occurred 32019 that will flow through 2020. then with some of the demand environment, we are directly connected to the chinese economy with some of our products. that has been a challenge and

about all of the day's on the cable show on db digital radio in the london area at the top of the hour. jonathan ferro is in new yorkining him in london. this is bloomberg. ♪ guy: from london, i am guy johnson. vonnie: from new york, i am vonnie quinn. this is the european close on bloomberg markets. let's go back to the j.p. morgan health conference in san francisco. taylor riggs is there. taylor: i am joined by none other than larry merlo. thank you for joining us. i want to start, as you continue to further integrate the aetna acquisition, analysts are excited about the solid execution. what is driving that? larry: we see the challenges for health care and the result of the emergence is more consumers in the health care. in june we laid out a detailed plan in terms of the near and long-term prospects, what we were going to do, how we were going to do it, and the value that would create. onhad an intense focus execution and we are beginning to put the proof points on the board. people are seeing the results of these companies coming together. taylor: you are an insurer, your health care risk company, you are a pha

new york to her majesty's trade commission for north america, he will give us perspective. this is bloomberg. ♪ tom: extraordinary news flow into this friday, many different themes including market futures that -18. francine lacqua in london-- katzi meredith sumpter join us. antony phillipson is joining us. you know asia, extremely well as a former commissioner to singapore. there are adjacencies. how removed is singapore and the other pacific rim countries from the virus of wuhan? antony: this is now a global issue. it was already a global issue for many of us. i follow what my friends are doing and i follow the statements from the singapore government. they are taking this seriously. just after the chinese new year, big movement of people, so they are very adjacent to it, but we all are. this is a global issue. tom: in the next 36 hours, we will observe people move back from singapore to china, right? confidentdo not feel to comment on that at this distance. they will have a grip on it. tom: you have an interesting lens seeing the trade from new york and back. what is your observation? antony: this is a significant moment, a moment we have been preparing for since june 2016. there has been a lot of commentary on it. thi

launched the concept we're growing carefully, picking the right markets to go into we're in new york, london, l.a. we're bullish on hanna. >> are you capitalizing off their pain right now. >> first of all it's completely self-funded by our company it's institutionalize that's where we think the future is big data security, higher end finishes we think it fits the market tenants want and landlords want. we're quite excited about the direction of that business. >> is retail shrinking its footprint in manhattan if it is, to what degree and what's it being replaced with? >> retail is shrinking to a degree because of commerce retail is real if you look at cities around the world people want to live, increasingly, new york, tokyo, you simply can't attract people to live in the cities without what they talk about amenities, retail, food and beverages, places to work out, places to shop retail is very real. it's going to be here forever, but it is changing by the way, retail has always changed. that's not new. >> is it repurposed in a particular way health care, hospitals. >> certainly clinics, a lo

news is local. the closer this gets to other financial capitals, london, or knock on wood we have not seen any cases in new yorkoser we get to major financial capitals, the more nervous people get. regardless of how much of a health risk it is in the u.s. or britain right now. the real risk is the consumer reaction, the self corentin that quarantppen -- the self ine that might happen if these cases start to spread outside of china. guy: many people were arguing equity markets were stretched. is this a reason to sell or an excuse to sell? mike: arguably they were very stretched. unless you bought into the hoax story that the economic data was going to turn around and accelerate thanks to the phase one trade agreement. this coronavirus outbreak, in the very least it postpones that thesis that data will accelerate .n the short term we look at it like a bad winter in the united states. a lot of economists look past the data in the winter because they know spring is coming. the problem with this announcement is we do not know when the spring will be, when the coronavirus will be officially contained, when the number

york, 3:00 p.m. in london, and 30 minutes into the trading session and united states. from new york, i'm vonnie quinn. guy: and from london, i'm guy johnson. welcome to "bloomberg markets." vonnie: housing marking data out in a moment with more fodder for deliberations this week and new-home sales in the month of 694,000.coming in at just shy what the market was looking for. economists are looking for a gain for new-home sales month over month. it was a down month -.4%. disappointing housing market data. in 30 minutes, we get the manufacturing index for january. --is showing mindedness showing point minus two. if we end up losing more than 2%, it will be the first day and 75 that that is happened. we will wait and see what happens throughout the session, but obviously, it is the spread of the coronavirus and the implications for markets and the global economy, and factory and 162sury yield dropped to right now. as you can imagine, gaming, the exposure is down. the index is down 5.7%. the drug to try to combat this is up 4%. guy: we are at session lows when it comes to stocks. a

. ♪ london, tom keene is in new york. apple topping $300 for the first time.xtended and overbought by the most in a decade. james bevan is still with us. do you hold chairs? james: i knew you would bring this painful subject up. i sold a year ago on the basis i determine along with the team that the fundamentals have become detached from pricing. i worry this is a speculative shift up in the price of apple shares, not well-founded in the solid fundamentals i need to observe in order to justify deploy capital. nejra: they are expected to release the next generation of iphones capable of operating on 5g networks. want to get in now? james: i completely get the story. my concern is the earnings growth required to justify the current share price fully takes account of all the potential good news, in terms of new iphone delivery but also of app sales and peripherals, they have delivered on. i still feel the share price is well ahead of events. tom: bring up the chart again. brilliant chart. fan disclosure, i am not a of support resistance analysis. it is on a wide

up abusing the system for their own benefit and lining the pockets of people in cities like new york and london you wonder why those 2 cities for example or prosperous because their financial sectors it's because they had their near the money like you said now another financial center that's experiencing quite a different reaction right now beyond and it seems like they can tell us fact is operating in a big time and when the prices of property just skyrocket and they're not trickling down. and is that now what the future of these other financial centers can look for is is on confound the canary in the coal mine here could be it's are it's hard for for us to say and i'm sure it'll be a lot clearer and retrospect but yeah there's. a store of value premium on almost every asset that exists right now which which is kind of scary because that means that instead of things being valued for their utility like a house is valuable because you can you know rent it out or live in it or whatever instead there's an additional premium on top of that. for store value because there's no good store of value in

new york and london, yes because it's not very far i just don't see it's not very far i just don't seeland you've got to take at least one transfer to vancouver and then elsewhere. as much as they are enjoying the holiday here, i don't see it lasting. thank you so much for joining see it lasting. thank you so much forjoining us. labour leadership contender sir keir starmer has launched his official campaign to become the next party leader in manchester. he said that "factionalism has to go" and that the party must unite — and promised to defend the party's radical values. we cannot be a divided party anymore. we need to end the factionalism. being a very, very strong opposition up against borisjohnson and forging that path to victory. what i meant by retaining our radical values is we shouldn't throw away everything in the last four years. we are now the party of anti—austerity, we are the party that believes in investing in our public services and common ownership. we should retain that. the manifesto i'm focused on is the next manifesto, not the last manifesto. but we shouldn't throw

. ♪ vonnie: live from new york, i'm vonnie quinn. guy and from london, i am johnson.il doolittle, over to you. abigail: it is an interesting day, guys. the coronavirus, investors concerned what it could mean for the global markets. we see the s&p 500 near session lows, headed for the worst week since august. this is the first time we have seen this since early october. the bears are out, taking their chips off the table after the big rally last year. .8%.ow is also down the ftse in london is down sharply and the real standout, the emerging markets index, down 1.1 percent. on the week, down sharply, headed for its worst week in two years. that could go down more next week when the main market in shanghai opens monday. perhaps a bearish tell. also a bearish tell -- this is the year to date chart on the dow transport. up 3.7% leading the s&p 500, but asthe coronavirus fears, they emerged, the dow transports falling, now down on the year two .4%. fell, but it may have more work to do to the downside. most sectors are lower in the s&p 500. at the top, consumer discretionar

andrew's failurer to hos pledge to help the investigation, a question for prosutors in new york, will >> in londondo so? ckingham pale will not be commenting further. >> 75 years ago, a ray of light shone down on the darkest place onarth. the soviet army of rated more than one million prisoners at the hands of the nazi regime. johnson's and reports. >> each anniversary, there are fewer survivors, but even after 75 years there are still thousands of them left. soon after daw a prisoner took waln the ceremony at the where tens of thousands were shot. >> nowadays, auschwite is prot and the stored so the world will n forget the terrible things that happened. with an awning to protect the guests from the bitter cold of: -- poland. survivors themselve many proudly wore the blue and white stripes that the inmates were forced to wear. wsrows upon of seemingly derly people among the last living witnesses of the worst crime in human history here in this factory of death. >> i remember naked women drin in trucks the gas chamber. i could hear them screaming. i can hear it in my subconscious. >> another speake

wuhan with a combined population of more than 15 million, that's greater of the population of new york, londonand moscow combined and all trains and planes into and out of wuhan have been shut for 3 days, authorities closed tourist destinations, shanghai disney and domestic and international travel has been halted immediately, the chinese new year, the year to have rat begins today, many of the countries 1.4 billion people are on the move, earlier today china's leader called spread of the virus a grave situation and international situation, the virus spread here to europe where 3 cases were announced yesterday in france, all 3 infected people in france came from wuhan, potentially good news, the chances of an epidemic in europe are extremely weak and one big question we have, eric, is we have seen this number of fatalityies, a number of infected people rise dramatically in the week and a half, is that because the virus is getting much worse or is it because the monitoring and reporting is just getting a lot better, that's something that we don't have the answer to, eric. >> it is comforting fo

new 5g network. live from london, i'm guy johnson, with vonnie quinn in new york. we are now counting you down to the european close on "bloomberg markets." ♪ vonnie: a little more confident that the outcome of the coronavirus might not be as bad as anticipated yesterday has markets bouncing back, and better consumer confidence data and the richmond fed manufacturing index being up. the s&p 500 up 1%. earnings also playing their role, the not so much harley davidson's earnings. then we have a deal in the auto parts suppliers business. delphi automotive up 61%. borgwarner has agreed to buy delphi automotive. borgwarner is down on the news. analysts are saying this could probably be a good thing for positioning for the ev market and so on. evercore isi raising a little red flag, saying in the immediate term and maybe even the median term, this elevates risk. it isere in europe, interesting. we are getting a turnaround in crude that's happened reasonably recently. as you can see on the right-hand side of the screen, it was negative this time an hour ago. we are counti

we bring you today's market moving news from all over the world from hong kong to london to new york. our bloomberg voices are on the ground with this morning's top stories. tonight marks the u.k.'s. u.k.'sat the -- departure from the eu. at 11:00 p.m.ect your time tonight and tomorrow? from good to see you hear just outside westminster in london. in someuld be parties parts of the united kingdom, vigils and other parts vigils and other parts. made up of people who are either happy about what is taking place or unhappy. boris johnson will speak at 10:00 u.k. time. he is mindful of the fact that he will be addressing the divided nation trying to bring it together. he wnats to try and find -- wants to try and find some unity. an hour after he speaks, that will be when the u.k. does leave the european union. it will be at 11:00 here in the u.k., midnight in brussels. not much changes in terms of the movement, of people and goods and data. all of that carries on as before. oft goes on until the end december 2020. could we be talking about another cliff edge scenario there? expect outpouri

in new york, 3:00 p.m. in london, and 30 minutes into the trading session in the united states. from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. welcome to "bloomberg markets." vonnie: we are waiting for secretary of state mike pompeo to give comments from washington. rising.e, we have ism a better number for the ism services, as opposed to the story with ism manufacturing, which we know about already. that is not helping markets in the u.s.. major indices still lower. let's get straight to our first guest for more on this data now. escalating tensions in the middle east. we are joined by win thin, brown brothers harriman global head of currency strategy. we got the ism number a little better than estimated. how would you characterize the recent data and the strength of the economy? win: i would say it's solid. we had some outliers, but you look at some models, the atlanta fed has growth somewhere around 2.3%. the new york fed now has some thing around 1.2%. i expect the truth is somewhere in between. i think we will avoid recession in 2020. that's what the yie

. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. s the european close on "bloomberg markets." let's check in on the bloomberg first word news with cornie donahoe. the head of iran's national security council said that retaliation would be a historic nightmare for the u.s., exploring 13 possible scenarios. they said the u.s. would suffer consequent is at a time and place of iran's choosing. japan striking back after the daring escape of carlos ghosn. havecutors have sued -- issued an arrest warrant for his wife carol. an deathbeen rocked by puerto rico has been rocked by a 6.4 magnitude quake that hit earlier today. it was followed three hours layer by an aftershock measuring 6.0. beenast one person has killed in widespread power outages have been reported. u.s. imports fell to their lowest level since 2014 as exports rose. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. we are back with lucy macdon