thank you alain bokobza, head of global asset allocation, societe generale. let's get your first word news update. one of donald trump's most trusted cabinet members, william barr said trump's tweets in public comments about the justice department and ongoing cases makes his job impossible. he spoke to abc news. with annot do my job constant background commentary that undercuts me. anna: ubs is searching for its next ceo, they are seeking internal and external candidates . a star hire may not be among the front runners to take the top role given his brief tenure. tesla is running money again, they sold $2 billion of shares weeks after elon musk said investors did not make sense. he seems to have changed his mind, he will use proceeds to shore up tesla's balance sheets. 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. withg up, our conversation the rbs cfo. also ahead, new york fed president says his baseline outlook is good. how does the cleveland fed feel about t

nejra: societe generale ceo frederic oudea.g up we will speak to the cfo of ing which reported pretax profits that missed the estimates. this is bloomberg. ♪ nejra: this is bloomberg "daybreak: europe." manus: let's get to the next big report. delivered pretax profits for the fourth quarter that missed the lowest analyst estimates. it comes as the dutch bank faces mounting pressure on cost efficiency. it's get to amsterdam. tanate phutrakul is the cfo of ing. talk us through this miss for the fourth quarter. 1.59arket and pencil that billion. what took the number below the estimate? tanate: good morning. i think, if you look at the overall q4 results, i would say it is quite challenging. having said that, our commercial momentum remains strong. 200,000 primary customers. i think we see, from a revenue perspective that is being driven by a lot more digitization, with now over 30% of our customers dealing with us purely on mobile devices. that is let to -- that is led to net fee income growth. see a different is cost increase are

societe generale's -- joining us. out more on the coronavirus, go to tv live go for the analysis from bloomberg's expert editors as we count down for the reopening after the lunar new year. india's second budget in seven months left investors disappointed. the fiscal plan proposes tax cuts for individuals and deficit targets but fails to provide specific steps to fix a struggling financial sector. let's look at this with scotia bank's head of pacific economic. great to have you with us. what was your assessment? what report card would you give to the measures outlined? there were expectations for more stimulative measures. in this respect it is as appointed many. it highlights the governments challenge. the economy is weak and needs support, but public finances are also fairly weak. there is not that much space for fiscal stimulus. we saw that there was slippage in the current fiscal year. now the government aims to return to fiscal consolidation next year. it is a balancing act and it is a tough situation for the eco

partido, posteriormente las botellas que sumarÁn los votos que efectÚan en persona en las zonas generaless latinos presentan un tercio de todos los habitantes. recuerda que une visiÓn y cnn transmitirÁn un debate entre los candidatos prefiere de mulatas el prÓximo marzo, eso serÁ dos dÍas antes de las primarias. presentador: ya hay orden de evacuaciÓn en mississippi debido a las inundaciones que se han aislado los Últimos dÍas. el gobernador de mississippi declarÓ hoy estado de emergencia debido a las fuertes lluvias. presentadora: un niÑo de sÓlo dos aÑos que estaba con su familia cayÓ a una piscina, otro menor fue el que reportÓ el incidente a los adultos. cronista; lo que debiÓ ser un momento divertido, casi termina en tragedia, el recuadro a la derecha vemos a un niÑo de dos aÑos jugando con su familia, mÁs adelante ese mismo pequeÑo parece sÓlo, poco despuÉs lo perdemos de vista. increÍblemente durante cuatro minutos nadie se percata de su desapariciÓn, afortunadamente otros jovencitos sÍ se dio cuenta y lograron sacarlo. >> desde el momento en que cientÍfica el cuerpo del niÑo en el

los generales timonel >>> papá siempre mea estoy dond chocando las autoridades en los Ángeles al holandés cuatroeste programay solamente queremos asegurar que los estudiantes los padres y saben que estamos quitando barreras. >>> dice que el servicio de mapas con 15 años acompañándose de con un rediseño >>> nuevas funciones nuevo icono de la aplicación además está pidiéndolo poniendo el público de visitas buscando elegir traer eso datos en su plataforma. les cuento que estrenando su primera tienda >>> se lleve a la tienda y escoge lo que un pro por el momento esta prueba es para los empleados y está localizada de manera práctica desde una aplicación y sale de la tienda sin un ente de para pagar >>> y al parecer un paso de lograr autos autónomos tenga probados en las carreteras públicas luego de que extendieron permiso la compañía >>> requiere centros automóvil un conductor asignado en un arizona que retrasó la salida con seguros antes. me gusta no me gusta. los lugares de trabajo que enfrentan a diario y el 75 por ciento de los casos nunca son reportados. co nos cuenta sandra usted cita un

who are restaurant people who don't go out a lot of people are going to be out late you know busy generale and shown in the. clothing held in discharged from hospital. this single mother of one is taking our very 1st steps knowing how life will never be the same again from all i'm joined from cameroon by the reporter on that piece plays. what is the reason for this violence and how widespread is it. the reason for this violence is that the boat parties in this conflict are seeking for control. as they are called the separatists fighters want to control the in this begin region so whatever east leaving in this region who does not respect the laws that they have put in place because since the declared independence on october 1st 317 putting please the our own what they call laws and those who do not respect these laws have been targeted also they carry an army 6 these the english part of can only still part of cameroon so addicts who want to enforce the laws and who ever they cease to see but ties up our sympathies also are targeted by the comedy and that's why lots of villages have been des

in generale, the tax rate is roughly 1%. let's walk-through an example together.ere dan is the original owner of a home with a prop 13 protected value of $400,000. with a tax rate of 1%, he pays $4,000. dan sells his home to jennie at a market rate of $700,000. in this case, jennie's home will be reassessed to $700,000, and jennie is responsible for paying property taxes at that level from the time she first owns it. many times, people might have already paid their property taxes in full by the time they sell their home. in that case, dan has paid $4,000 in taxes already for the full year. jennie would likely payback dan through escrow for her share of the $4,000, depending on the proportion of the tax year she owns the home. however, she's also responsible for paying taxes at the higher market value from when she begins to own the home. how does that work? let's say jennie owns the property for nine months of the first tax year, which is approximately 75% of the year. during the escrow process, she'd pay dan back 75% of the $4,000 he already paid, which is $3,000

marcela: porque creo que el demÓcrata tiene que ser capaz de poder competir en las generales presidencialesre texas, de los 14 estados que tendrÁn primarias en el super martes, es el segundo que mÁs delegados aporta hacia las nominaciones presidenciales. vamos a ver los resultados. la encuesta revela que los votantes de texas estÁn motivados para votar en noviembre, de todos los electores registrados estamos hablando de que el 74% dice que si votarÁ. si hablamos de los latinos, es un poco mÁs bajo. el 65% dice que acudirÁ a las urnas. de cara a las presidenciales, la gran incÓgnita es si texas cambiarÁ del rojo republicanoal azul de los demÓcratas. el partido demÓcrata no gana unas elecciones presidenciales desde el 1976. aunque en elecciones recientes los demÓcratashan ido ganando terreno poco a poco. de un 38% en el aÑo 2000, a poco mÁs del 43% en el aÑo 2008, que fue por ciento el punto mÁs alto de los demÓcratas. entre los votantes registrados en texas, el voto demÓcrata es de 46%, sin embargo el republicano es de 45%. es sÓlo un punto de diferencia. la balanza hacia un lado o hacia el

. >>> es aplicada por la empresa para impulsar el voto y tambiÉn extenderse hacia las elecciones generalesÍa pegados en la pantalla. >>> lo creo y es una situaciÓn que preocupa a los expertos que buscan seÑales de adicciÓn de dispositivos electrÓnicos desde temprana edad. >>> se lo damos para estar haciendo cosas y los niÑos pegados. >>> estamos haciendo un daÑo definitivamente. >>> en el programa la voz se vivieron momentos emocionantes y la florida tuvo 3 participantes. se trata de... ambos del team vives y ilda naranjo del team guzmÁn. >>> miren lo que nos contaron. ♪. ♪. >>> ¿quÉ estÁ pasando? ya eres parte de la voz ¿cÓmo te sientes?. >>> me siento agradecida, emocionada, no sÉ, no se, muchas cosas pasando por aquÍ. ♪. ♪. >>> estoy feliz, y muy emocionada por estar aquÍ. >>> comenzando a vivir el sueÑo desde mi casa, ya venÍa pensando en team vives. ya que me encanta su trayectoria, su mÚsica. esa vibra positivo >>> y tenÍa que continuar con la canciÓn. >>> y una superarma. quiero ser el arma secreta de carlos vives. prepÁrense. >>> voces impactantes que los artistas profesionales se

. >> los votantes deben saber que $740,000,000 al aÑo de los fondos generales, serÁ para pagar este bono la renovaciÓn de escuelas inseguras para nuestros estudiantes. jairo: agrega que el bono tendrÁ un impacto positivo para las escuelas de elk grow. tenemos necesidad para construcciÓn de escuelas nuevas, porque hay primarias que estÁn muy sobrepobladas. hay necesidad para fondos, para renovar las escuelas mÁs viejas y para asegurarnos que tengamos las internaciones que nos ayuden a preparar a los estudiantes para las profesiones del futuro. jairo: wolf dice que california tuvo el aÑo pasado un superÁvit de $21,000,000,000. de ahÍ se puede sacar dinero para construir o reparar las escuelas y universidades. de ser aprobada la propuesta 13, el dinero estarÁ disponible en enero del 2021. ramon: mÁs adelante, ciudades antonio podrÍa perder millones de dÓlares federales por proteger a sus comunidades inmigrantes. les vamos a contar de cuÁles se trata. paola: el gobierno federal creÓ un paola: seguimos con informaciÓn . le adelantamos que el gobierno federal creÓ una oficina para revocar la c

japan has begun to release, , as you mentioned, 500 peoplele so r intoto the generalal population. the e contention of f the japanesese government is that te 54 peoplple confirmed to h have caught the cororonavirus on boad the ship all had it two weeks ago, when the quarantine began, but most all o other experts a e saying no, a actually, t the coronavirurus has been spreadidg during thehe quarantinee period. if that is the case, thehe japanese govovernment is p proby unwise to be letting people leave the ship at this time. charli: right, not really an effective quarantine if it is spspreading g on board. michael, we have to talk about the 20 olympic games, or coming up in just a matter of m monthsn japan. how this outbreak has been handled, it must be raising concerns about this global event. michael: cerertainly. in fact, o on social mediaia japane languguage social media, there have been false rumors about the olympics being canceled and other things like this. any of the critics of the olympics have seized on this and other evidence that it isis not headed for a g good future.

the attorney generall's new moves and controversial cases involving president trump's friends and foes. next up, nevada: democrats get set for the next caucus, while billionaire mike bloomberg faces new scrutiny. nowhere to run: syria's civil war sparks the biggest exodus of the country's nine-year civil war. will anyone help? how this country's elite troops are finding new relief for

francine: that was societe generale's chief executive.g us now, jonathan european bank's senior analyst, and andrew wilson from goldman sachs. i have a million questions on a million banks, but first, if you look at a bank like societe generale, like a lot of the other banks doing well in some places but a lot of cost cuts to come in others. andrew: absolutely. we talked about revenue struggling and the need for more costs. on the plus side, the revenue out but -- i think the best thing for unicredit and socgen, if you said -- , you are getting cash dividends. francine: does that mean the share prices will go up? we still ask so many questions about what these banking models are in europe. jonathan: look at the best-performing banks in europe, there was the french and unicredit. what is the underlying run rate? mostly flat revenues are done on costs. any credit, it is not that much of a surprise because all they have done is taken targets that we knew were quite global and messed it up a little bit. get andrew want to in the conversation

robert: we just heard from sheryl how few republican senators and other republicans generall want topeak out against president trump because he has immense olitical capital, a strong economy at his back. but senator romney, speaking about history and the choices facing the rublicans, what drove him to make this decision, the former standard-bearer of the g.o.p.? >> it seemed like he was looking at not the short-term here but really looking at what he would be thought about long-term. he's also someone who you said, he was -- he ranor the nomination for president. he got the he did not win. so essentially he's been througs this pro he's been -- he's had the biggest loss maybe of his life. hand soe has and he also is so he doesn't -- he can take these risks because he's not dependg on politics for the rest of his life. and he also said he was a man of faith. and he said, he wanted to be - abled he has always been known to be a man of faith. and he was someone who said, i couldn't -- i took this oath and i want to stand before god and feel good about what i did. robert: a man whose morm

jonathan: joining me around the in new york, subadra , mike of societe generale schumacher of wells fargo, and, in houston, cross mark's victoria fernandez. victoria, i want to begin with you. we should start with efficacy of the central bank move and the willingness of central bankers to step in. let's start with the latter. where are they? victoria: we are not seeing them willing to do anything at this point in time. the south koreans did not lower their rates when people expected they might. you have germany coming out and saying they have enough stimulus on the table right now. they are not willing to lower rates at this point in time. and i don't think we will see it from the fed. a lot of people wanted to have powell come out today to make a statement, or at least over the weekend, have a coordinated statement with all of the central banks around the world. i don't think we will see that. i do think they are a little more on the wait and see at this point in time. jonathan: that seems to be the case. richard clarida saying nothing. christine lagarde pretty much saying nothing. the c

the attorney generall's new moves and controversial cases involving president trump's friends and foes. next up, nevada: democrats get set for the next caucus, while billionaire mike bloomberg faces new scrutiny. nowhere to run: syria's civil war sparks the biggest exodus of the country's nine-year civil war. will anyone help? how this country's elite troops are finding new relief for unseen wounds of war. >> i hate feeling broken. >> barnett: and mail call: so many valentines all addressed ro.the same american hero. >> you got to be >> you got to be kidding. >> this is the "cbs weekend news." >> barnett: good evening, everyone, and welcome. i'm errol barnett. two aircraft sent by the state department will evacuate americans quarantined by the coronavirus on a cruise ship in japan. voluntary evacuations begin tomorrow as the virus continues to spread on board. worldwide, more than 51,000 cases are confirmed and suspected. more than 1,600 people have died in china. plus, the first death reported outside asia, a chinese tourist in france. debora patta begins our coverage from hong kong.

raising capital distribution to share holders to 50% of profits this year >>> elsewhere, societe generale capital from asset sales. france's third largest bank also stated a new plan for share buybacks for 2020. they did drop any reference for the previous market and return on equity. >> to charlotte, capital has been an issue. i see they've made good progress and the potential for share buybacks give us some information on the quarter. >> reporter: that's right, they are trying to calm the fears of investors and that they are making a healthy balance sheet there. you mentioned, the ratio there at 12% here going up. that was way above the target of 12% there. also at 50% payout ratio again, something to give the investors. they've announced the big overall investment banking over the year, cutting the jobs and you see it starting with the company saying in mixed income, revenues up as well as equities. they are making real progress, improving there. that's why the stock market is up this morning. they have positive shows in q 4. as you mentioned retail equity was at 6.2%. way below the pr

and know that innovation may come from a colonel, might come from a general, might come from a generalent, somebody from industry or ac2k50e78ia or a combination of many. so we have to encourage innovation. look for it unexpected places and embrace it when we find it. that's how we get to transformational change. i would suggest that the last major transformational changes in our army took place as we came out of vietnam in the late '70s and 80s. and many of the great leaders in front of us led that change. you know, we changed the way we fought with the development of dock trirn. new doctrine called battle. out of the ashes of a field rescue attempt in iran, we developed new organizations like ranger battal jonz, aviation regiment, some special units, look at the incredible work they've done over the last couple of decades. we built our combat training centers out of the national traini training center. where we honed the readiness. we modernized our fighting systems with the development of the big 5, the abe ramsz tank, the bradley fighting vehicle, the blackhawk helicopter, and the pat

left afghanistan, with iraq in 2009, his successor immediately began havingin disagreements with generall odierno who was in charge of th the military is tht it requires constant attention. it's just not a natural state. >> we have one more and then we will start taking questions. please come up when you are ready and we will let you have it. in the writing of the book did you learn or stumble across more oborder that you think somebody might be writing aht book aboutn the years to come in terms of their performance atf the level they were and what would you say to people that are considering a careerns in the foreign service and who might be a little intimidated in off by what they are seeing at this right now? >> there were some that rose quickly to the ranks and had incredible talent. when chris stevens was in isra israel. stevens was number two and a part of the embassy that have dealt with the palestinians and he had working for him a young man andnd another named jeffrey who went on to become very outstanding u.s. officials. he had come over as an arab specialist to work for the sta

in generale, the tax rate is roughly 1%. let's walk-through an example together. here dan is the original owner of a home with a prop 13 protected value of $400,000. with a tax rate of 1%, he pays $4,000. dan sells his home to jennie at a market rate of $700,000. in this case, jennie's home will be reassessed to $700,000, and jennie is responsible for paying property taxes at that level from the time she first owns it. many times, people might have already paid their property taxes in full by the time they sell their home. in that case, dan has paid $4,000 in taxes already for the full year. jennie would likely payback dan through escrow for her share of the $4,000, depending on the proportion of the tax year she owns the home. however, she's also responsible for paying taxes at the higher market value from when she begins to own the home. how does that work? let's say jennie owns the property for nine months of the first tax year, which is approximately 75% of the year. during the escrow process, she'd pay dan back 75% of the $4,000 he already paid, which is $3,0

his gift to us was showing the power of acting on three simple principles every day; be generallous, fair and love your family. in his own words, you >> november 22nd, 1963 there was a video shown on the news hour is a tribute to jim last week. you can see both of us in the jail that evening. we didn't meet for another eight years. by then he was hired as the current affairs coordinator for public affairs. but with that image at the nixon white house had at the time. fear of nixon. ironically brought us together and made our careers. but and i went to the hotel and she said anyway that's how i met him is gm. ff i got to know a lot about jim and that then helping to move kate out of her apartment she liked hopkins he said you like this don't you know and i hate it. anyway i can go on but that was the beginning for me in nashville 48 years when during which he became much of my admired professional colleagues. my business partner and as many of you said my closest friend. i got to know about his hard times growing up so with my son in london we had christmas in london. why do we tell s

. >> societe generale has pledged to boost shareholder returns.s after the french lender warned investors to expect muted revenue growth. dr. this year overall, probably , -- >> overall, probably better than people anticipated. six months ago, there is this virus issue in china. it is not the exposure we have in china, which is small, but like any company, what it could mean for the global economy. let's wait, there is a lot of uncertainty. there will be a solution for that, but beyond this, i would say we are pretty confident. yes, we have a slowdown in economies, but we think we can deliver better performance in 2020 through all of the hard work done in 2019. >> setting up plans to cut 300 jobs. the chief executive of the swiss private bank is laying out a strategy that focuses on cost cuts. and a little growth in assets. meanwhile, it has dropped its target for net new money after it missed goals for the last year. growth was the driver of the last decade. why change? >> growth has been the driver and will still be a relevant driver moving forw

positions, gives your guns, give us your kids, give us your money, that's not going to work in a generalln but you're not going to be able to run away with it and it's goinge to be on youtube, it's going to be everywhere. it's not good to easy to makee weight on it. >> checks and balances, dan, as he mentioned fox news up... to the niche audience out there in the country which is have to audience and the paul rebuilders on there asau well. for joe biden to say that he's going after guns, let me read you one gallup poll on the question of the matter that o ce out recently. do you think there should or should not be a law that would ban the possession of handguns especially by police -- accepted by police, and other authorized persons rate of 29% says yes, 70% say no and you should not been handguns or take away peoples guns in any capacity it's a losing issue. if another clip that you played from the vehicle, with michael eric dyson, where he says, okay, gone with the wind, that's raci, there's a time last year msnbc,r racism, 4100 times, not the year, not the month, one week, july 14 thro

meeting, nato secretary generale stoltenberg called on russia and syria to stop bombing civilians.alion them to stop their offensive, to respect international law and to back u.n. efforts for a peaceful soluti t. >> schifri u.s. says it supports the turkish operation,. but the as not yet provided material support to for the pbs newshom. nick schifrin. >> woodruff: in afghanistan, one-week lull in violence has set the stage for the u.s. and the taliban to sign a peace agreement torrow. president trump announced today that secretary of state mike in qatar.ll witness the signing we will get the details, later in the program.ca india'tal city, new delhi, tried to return to calm today after hindu-muslim rioting this week left 40 people dead. police upped their presence in the capital, where some neighborhoods were burned and wrecked. residents voiced both caution and complaints. >> ( translated ): there is a peaceful environment now, but not that mh, as people are still very scared.to they are scareven leave their homes and go out. >> ( translated ): if the administration was as active ou

in generale, the tax rate is roughly 1%. let's walk-through an example together. here dan is the original owner of a home with a prop 13 protected value of $400,000. with a tax rate of 1%, he pays $4,000. dan sells his home to jennie at a market rate of $700,000. in this case, jennie's home will be reassessed to $700,000, and jennie is responsible for paying property taxes at that level from the time she first owns it. many times, people might have already paid their property taxes in full by the time they sell their home. in that case, dan has paid $4,000 in taxes already for the full year. jennie would likely payback dan through escrow for her share of the $4,000, depending on the proportion of the tax year she owns the home. however, she's also responsible for paying taxes at the higher market value from when she begins to own the home. how does that work? let's say jennie owns the property for nine months of the first tax year, which is approximately 75% of the year. during the escrow process, she'd pay dan back 75% of the $4,000 he already paid, which is $3,0

presidp and protect president trump's fd not only that, go after the fbig after his own inspector generalector general -- >> i was going to say why, why e attorney general defended the p. is it something unique, a politi argue no. chris: i think donald trump has. >> bill barr is going into the e case. he's going into the mike flynn s now consulting with rudy giuliat collecting dirt on joe biden. >> julian may be right, but he s destroying his legacy and i thie will be a mass rig as a nation s watch by career justice people k he is totally politicized in the department. he either has a total line of te house line or get out in a freer me, i never met the man, get ouu still have honor. >> i cannot more forcefully disi think of all bill barr did was e trump administration to see howe are having this panel right nowy there's been a disagreement of f high-profile things and for thos that followed this m closely, il barr has done more to regain thy of the justice department that k at this through partisan lens or not, the way that they handled the aftermath of the 2016 election, the investigatio

. >> the fantasy game was not going to impress the generale. >> probably not. i want to talk a little bit about the network, another of the big six priorities, and, you know, the air force, it was a big talking point for them in their rollout that they made a big investment on behalf of the joint force and these capabilities that i think most of us agree are going to be critical to, you know, what chris dougherty would describe as the new american way of war, this idea of connecting any sensor to any shooter across the joint force. where -- how does the -- how do the army's investments fit together, is my question? because it's essentially a joint thing that has to happen here. >> yeah. first of all, all the joint chiefs support a joint command and control system. we have to have that. as we take a look, each service has been approaching this problem set from not a different -- i guess a different perspective. we were on the ground, you have hundreds of thousands of users that are on the edge that need, you know, access, but i think the secret is and i learned

possible that what the attorney generalants is to bring in a new team, a new prosecutors who can looke evident rirecord and etentially second guess original decision made by prosecutors. >> woodruff: at this late hour? >> that's what makes this extraordinary. he already pled guilty. he's ting to withdraw his guilty plea, sentencing may be imminent, an at the eleventh or the twelfth or thirteenth hour the juste department announced it will be taking a second look at it. it's extraordinary. >> woodruff: what would be the rationale? some are reporting this was a direct decision on the part of the attorney general. >> well,he only rationale is the president doe't like how justice is being done but that's precisely the type of rleatio as thomas said that we tried to tools that are criminal investigation and ultimately criminal prosecution wherepr riate. it's hard to see this as anything other than politics. >> woodruff: as we reported, coming on the same day, thomas dupree, that justice department announced it will not charge andrew mccabe, the former acng f.b.i. diector, this is after mor

antiguo daÑo de los 49 todo ocurre cuando el mandatario trabajo crÍticas por mandatario fiscales generales ella estuvo involucrada de cierta manera y cada uno comete los errores... como ella los ha reconocido. >> a lo largo de su gestiÓn, el presidente ha hecho de derecho constitucional. incluso en junio de 2018 sugiriÓ que tiene el derecho absoluto de perdonarse a sÍ mismo, esto en el marco de la investigaciÓn por la trama rusa el mal sabor queda para quienes han sido afectados por estos indultados, que a esta hora se preguntan si realmente ganÓ la justicia. sasha: vamos a recibir sus comentarios a travÉs de las redes sociales. >> uno piensa que solamente pasa nuestro paÍs. presentador: esta maÑana se conoce que el coronavirus ha matado a mÁs de 2000 personas. la cifra de contagiados supera 75,000. dentro de la angustia por la propagaciÓn del virus llega una buena noticia para los pasajeros a bordodel crucero princesa diamante en japÓn, quienes comenzaron a desembarcar despuÉs de estar aislados durante 14 dÍas. que precisamente entrevistamos a una estadounidense luego de ser evacuada de e

we will speak with iris chang from ing and societe generale.ternational joins us as mainland markets open. you can also tune to your bloomberg for more on the coronavirus. geto tliv and commentary and analysis from bloomberg's expert editors. paul: we will look ahead to the caucuses starting monday in iowa. this is bloomberg. ♪ paul: this is bloomberg markets. i am paul allen in sydney. taylor: candidate bernie sanders leads the field in the iowa caucuses, according to the latest poll. the contest takes place monday and opens up the primary season. balance of power anchor david caucus.s covering the a little surprising, bernie sanders coming in 28% support from the democrats. are you surprised? david: i think we have to be careful of the polls in the last days. the emerson poll came out. they have been showing clumping at the top of the top four candidates. this is unscientific but being in des moines and reporting, there doesn't -- there is a sense that bernie sanders is gaining momentum and that joe biden is losing a bit. that is the tal

. >> well, we could is a generalic satisfaction but something about giving food away it's giving somethinghat in and sort it and gave it to you it's primitive to be able to give something some basically to someone else. >> now serving number to 49 come on down. >> we have the capability of producing this food and in san francisco you can grow food all year round so the idea we're capable of prougdz food in our own backyards we're here to demonstrate an bans of food and i think that giving it away for free we show individuals it in have to be a comedy. >> we build time together and it's the strength of any ideas of the connections we'll turn that connection and the more connections you make no mistake about it the more you can have a stronger power and not have to rely on money that's the people power. >> in this episode we've seen the urban farms and gardens provide more in fruits and vegetation people can have the special produce available it can be a place to give back by donating food to others and teach our children the connection to the earth and environment it's truly >> hello, good

have generale loot. he retired in 2017. he previously had a 35 year career in the u.s. army. he also served for a total of six years in the white house. bush named him deputy national security advisor before being assigned to the white house. he served as a director of operations on the joint staff and the united states command. professor brett is at stanford university. mcgurk served as an envoy for global coalition and helped build and lead international coalitions to fight against the terrorist network. mcgurk served in senior positions in the george w. bush and barack obama administration including in the bush white house senior director of afghanistan. mcgurk has led many diplomatic missions in the middle east of the last decade. he led talks with russia over the syria conflict. the discussion this afternoon will be moderated by professor hal brand. he is a columnist from bloomberg opinion and discolor at the american enterprise institute. is the author and editor of many books. he served as special assistant to the secretary of defense for strategic planning from 2015 t

in generale, the tax rate is roughly 1%. let's walk-through an example together. here dan is the original owner of a home with a prop 13 protected value of $400,000. with a tax rate of 1%, he pays $4,000. dan sells his home to jennie at a market rate of $700,000. in this case, jennie's home will be reassessed to $700,000, and jennie is responsible for paying property taxes at that level from the time she first owns it. many times, people might have already paid their property taxes in full by the time they sell their home. in that case, dan has paid $4,000 in taxes already for the full year. jennie would likely payback dan through escrow for her share of the $4,000, depending on the proportion of the tax year she owns the home. however, she's also responsible for paying taxes at the higher market value from when she begins to own the home. how does that work? let's say jennie owns the property for nine months of the first tax year, which is approximately 75% of the year. during the escrow process, she'd pay dan back 75% of the $4,000 he already paid, which is $3,0

morgane: mike bell, jp asset management and sophie huynh, societe generale.ner that a lot of men and women running tech companies are afraid of, maria tadeo later with that interview. ♪ ♪ this is bloomberg "surveillance." turkey's central bank has embarked on an aggressive easing cycle since july. economists are split on whether the bank will cut again but makes its decision today. justin carrigan joins us from dubai. how problematic is it if they cut again but if they cut again, the marcus is not really on board. is that because of capital controls? justin: that is partly the reason. the market is not fully on board is because inflation is starting to creep up and the lira is showing signs of weakness, although it has had a good year so far, somewhat surprisingly if you look at the general global backdrop. it has done quite well. the turkish authorities via the local banks have largely kept the lid on the lira weakness so it is a split decision. i think the consensus is at the end of the day, we will see a 25 or 50 basis point cut. tom: one of the hallmarks

he spent a lot of time at societe generale in tokyo and hong kong.ked a lot of boxes but wasn't interested so the search continues. stay byoes he kind of default on the internal candidate? is it really a strong argument they should be getting an outsider? >> it really is a strange situation. quinn whoave no will has been wearing the interim level -- label for a long time. he said i am no caretaker. i want the job. i can do it and announced a very ambitious overhaul plan last week, cut a lot of jobs, scaled-back in europe and the united states. ambitious long-term strategic plan and it is not clear he will be around to execute it. he is in the running. at the same time the board will keep looking and stick to their original timeframe which was six to 12 months to find a ceo and that was back in august. we could be talking about this for another several months into june and july which adds to the uncertainty. haidi: we are certain will be speaking to you then. david scanlan with the continuing uncertainty for hsbc's top brass. crowne resorts faces the

. >> well, we could is a generalic satisfaction but something about giving food away it's giving somethingit and gave it to you it's primitive to be able to give something some basically to someone else. >> now serving number to 49 come on down. >> we have the capability of producing this food and in san francisco you can grow food all year round so the idea we're capable of prougdz food in our own backyards we're here to demonstrate an bans of food and i think that giving it away for free we show individuals it in have to be a comedy. >> we build time together and it's the strength of any ideas of the connections we'll turn that connection and the more connections you make no mistake about it the more you can have a stronger power and not have to rely on money that's the people power. >> in this episode we've seen the urban farms and gardens provide more in fruits and vegetation people can have the special produce available it can be a place to give back by donating food to others and teach our children the connection to the earth and >> good morning, everyone, and thank you for joining u

the inspector generallers can expect anything going on in the federal government accept attorneys atple that's exempt are attorneys at the department of justice. so there's a bill. steve: written by attorneys at the department of justice. >> amazing how this is. hr 202, i will give credit to cedric richmond, democrat from louisiana, jody heist a republican pushed through a piece of legislation passed by voice vote in the house allowing inspectors general to go and look at individual attorneys. i think they are scared to death of donald trump and barr and durham and certainly horowitz, because they don't want people peeling back the onion and looking under the hood how these opeople had have operate ted department of justice. now they are firing back. enough to they're being exposed. pete: one of the lawyers who signed this was named in the fisa abuse report. have you individuals who were a part of abuse now signing this very letter. >> his named was david laughlin involved in the clinton scandal. this is person who allowed hillary clinton senior legal people who sit on this so-called

we had a conversation earlier in the show where the generale generally speaking the market is still goingere but you're suggesting that central banks can't handle this issue in particular and that's not necessarily going to work this time around. >> yes the playbook has worked extremely well and it's one that i have deployed which is rely on central bank injection because the marketplace believes that liquidity can decouple us from fundamentals for a very long time. so that's the play book and you see it again today the reaction is in a cut the reaction in china is inject over 170billion. so everybody is conditioned to behave this way but it assumes that the shock is temporary, containable and reversible and those three phrases are very hard to associate with buyers. that's why i think that the big risk is that we may finally get to the point where central banks are shown to be ineffective if not counter produck ttive in eue and that's what i worry about. >> thank you love to see you in studio again soon but we do appreciate your time this morning. >> i need to ask him one question i thin

esto este jueves, maÑana viernes se siente bastante tranquilo en lÍneas generales .xclusiva. raÚl: y tambiÉn tenemos una nota con mi querido y admirado emilio estefan. fÍjate cÓmo sorprende a gloria el dÍa de los enamorados. y nos hace un anuncio que nos va a empoderar a todos los latinos. francisca y otro mano a mano entre alejandro sanz --alejandro fernÁndez, el potrillo, que nos dice porque se dejÓ las canas. [gritos] [risas] ♪ me dediquÉ a perderte♪ raÚl: seguimos con mucho mÁs de "despierta amÉrica". ♪ el conteo del censo, es vital. y solo contándonos a todos. nuestras comunidades podrían ser beneficiadas con mejores escuelas. más clínicas de salud. programas educativos... ...y de almuerzos escolares. además, el censo es seguro, y por ley tu información personal está protegida. el censo ya viene. no es un juego. pero si todos contamos, todos ganamos. ¡el censo ya viene! dale forma a tu futuro. empieza aquÍ. dale forma a tu futuro. nuevade maybelline new york.ift, el efecto de un lifting de pestañas sin tener que ir al salón. el cepillo de doble curva efecto lift

sanders por estar en vivo aquÍ en "despierta amÉrica" sÓlo a unos cuantos meses de las elecciones generales acÁ. >> ¿recuerdas de lo quÉ ocurriÓ ese dÍa? jessica: fue algo, lo peor que puede vivir una madre, de no saber quÉ estaba pasando con , y le dije, ¿y el niÑo?, marcela me decÍa no lo encuentro, no lo encuentro, no sÉ dÓnde estÁ memo, y para ese entonces yo yale decÍa a dios que aunque fuera el cuerpo de mi hijo que tenÍa que saber dÓnde estaba, me sentÍ culpable por haber estado separada de ellos, la gente me querÍa ayudar a mi, yo miraba tirado a mi marido y les decÍa yo estoy bien, voy a estar bien, vayan con Él. >> el viernes, el 14 de febrero cumples 2 aÑos de casada con memo, es primera vez en 2 aÑos que no lo van a celebrar juntos. >> voy a estar con Él, pero no serÁ lo mismo. >> ¿cÓmo es ese proceso?, ¿y cÓmo describes el amor desde antes de agosto del 2019, al amor despuÉs de agosto del 2019? jessica: la verdad yo siempre decÍa en un matrimonio hay momentos difÍciles y muchas veces llegamos a decir, pues quizÁs esto no va a funcionar. oye, el viernes es nuestro aniversario, m

in generale, the tax rate is roughly 1%. let's walk-through an example together.he original owner of a home with a prop 13 protected value of $400,000. with a tax rate of 1%, he pays $4,000. dan sells his home to jennie at a market rate of $700,000. in this case, jennie's home will be reassessed to $700,000, and jennie is responsible for paying property taxes at that level from the time she first owns it. many times, people might have already paid their property taxes in full by the time they sell their home. in that case, dan has paid $4,000 in taxes already for the full year. jennie would likely payback dan through escrow for her share of the $4,000, depending on the proportion of the tax year she owns the home. however, she's also responsible for paying taxes at the higher market value from when she begins to own the home. how does that work? let's say jennie owns the property for nine months of the first tax year, which is approximately 75% of the year. during the escrow process, she'd pay dan back 75% of the $4,000 he already paid, which is $3,000. on top of

. >> well, we could is a generalic satisfaction but something about giving food away it's giving something and sort it and gave it to you it's primitive to be able to give something some basically to someone else. >> now serving number to 49 come on down. >> we have the capability of producing this food and in san francisco you can grow food all year round so the idea we're capable of prougdz food in our own backyards we're here to demonstrate an bans of food and i think that giving it away for free we show individuals it in have to be a comedy. >> we build time together and it's the strength of any ideas of the connections we'll turn that connection and the more connections you make no mistake about it the more you can have a stronger power and not have to rely on money that's the people power. >> in this episode we've seen the urban farms and gardens provide more in fruits and vegetation people can have the special produce available it can be a place to give back by donating food to others and teach our children the connection to the earth and environment it's truly . >> golden gate park