ritika: this is bloomberg. ♪ ritika: this is "bloomberg best." i am ritika gupta.nother busy week for corporate earnings reports. let's review the most interesting results. >> b.n.p. paribas kept pace with gains, even outpaced the gains of wall street rivals in the fourth quarter. the french bank posted a nearly 63% jump in fixed-income trading revenue after a rebound in rates and 4x activity. bank clocked in solid results, up 5% on the back of continued commercial drive but in the other two polls and delivery of the transformation plan. on cib, we continued the strengthening of our customer relationships, and particularly on the corporate and institutional side, leading to market share increases. international financial services remained the engine of growth, 7%. particularly private banking in europe and domestic markets. it was well resilient in the low interest rate environment. >> societe generale has pledged to boost shareholder returns. that's after the french lender warned investors to expect muted revenue growth. >> overall, probably better than people ant

ritika: this is bloomberg. ♪ ritika: welcome back to "bloomberg best." i'm ritika gupta.guy johnson caught up with some of the world most influential investors at the alternate investments conference in london. let's revisit a couple of exclusive interviews starting with guy hands of terra firma capital, discussing how brexit is changing his business. >> the reality of brexit is there will be winners and losers, which the government has admitted. the question is how big the winners and losers will be, and my concern is that if europe decides they are going to have all regulation tied to the u.k. or it is not going to happen, so another words, meaning will not only talk about fisheries, but the service industries, that could be disastrous because you look at the gdp part of the economy, which is service exporting to europe, it will be devastating for the u.k.. guy: how does this affect where you look to make investments? guy: we will be careful when it comes to certain types of real estate assets because the city of london would be the big loser, huge loser. our european l

i am ritika gupta.loomberg. .uy: thank you very much these are the final numbers in europe. this is the settlement. i want to give you an idea of the damage hsbc did the ftse 100. hsbc took off and we had 51 points off. that was the net change. 31 points of that was hsbc. the next biggest point loser was glencore, which took off 4.5 points of the ftse 100. hsbc taking over 31 points. we will continue the coverage at the top of the hour on bloomberg radio. jonathan ferro new york, i will be joining him in london for the cable show on dab digital radio and the london area. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. close" onhe european bloomberg markets. vonnie: time for the stock of the hour. here is viviana hurtado. viviana: our stock of the hour is legg mason. shares are surging. they are up almost 24% after they agreed to a buyout from rival franklin resources at a big premium. the deal valued at $4.5 billion. let's take a closer look at the s

i'm ritika gupta. this is bloomberg. guy: thanks, ritika. coming up, a fed nominee coming under fire from both sides of the aisle for her comments on the gold standard and the fed mandate. we will talk about her chances of success next. this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." it's friday. kailey leinz, over to you. kailey: we are seeing relatively muted action across global equities. investors weigh in coronavirus earnings and retail sales in the u.s., which were nothing to get excited about. the s&p lower by about two points, the dow down as well. down in the european session as well. the sox index clinging onto a gain. what is really driving that today is nvidia, which is the second best performer in the s&p 500. that stock higher by the better part of 6%. it is really all about the revenue outlook. revenue coming up to the upside about $3 billion, but really driven by datacenter, up 43% in the quarter. that stronger outlook giving a nice look to i

. -- the details, ritika gupta.a: democratic candidate going toloomberg will debate state for the first time. bernie sanders leads the way at 31%. a bloomberg is the founder and majority owner of bloomberg lp, the parent company of bloomberg news. u.s. attorney general william barr told associates he may quit. barr is frustrated over president trump's tweets and comments about justice department investigations. he issued a rare rebuke of the president last week. another sign of a strong housing market in the u.s. housing starts pulled back from a 13 year high, but remained at over 36 million units, the second fastest pace of the expansion. the british government wants to end the immigration of unskilled workers. a new points-based immigration system will take effect next january. skilled workers must prove they can speak english. they also must have an offer for a job paying at least $33,000. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more

. -- here's ritika gupta.ika: the justice department has charged four members of the hacking intotry of equifax. the data breach was exposed in 2017. polls show bernie sanders has the lead a day before the democratic presidential primary in new hampshire. pete buttigieg is second, and amy klobuchar is third, but two tracking polls show about 1/3 of voters could still change their minds. president trump's new budget would spend billions more on defense, cut social programs, and add almost $1 trillion to the debt. today, the spending plan is unveiled. still, the president's budget is more of a political document. congress has to appropriate the money. lawmakers aren't likely to finish work on the budget until after the election. and a big takeover in the mall operators industry. simon group agreed to buy a rival valued at 6.3 billion dollars, 51% premium over the close on friday. bloomberg has learned since late last year, simon and taubman had been holding talks. a wave of retail bankruptcy has operatorsres on

here is ritika gupta.ast 24 hours saw the most grown outbreak -- coronavirus cases since the outbreak began. china has confirmed more than 24,000 cases in the death toll is now approaching 500. two planes carrying about 350 americans who fled the virus zone have landed at an airbase in california. passengers will be quarantined and the other lane is moving passengers to another military base. saudi arabia once opec and its allies to cut oil production. that has run into a roadblock from russia. delegates are in vienna assessing the fallout from the coronavirus. as saudi's see an output cut a way to shore up falling prices but russians pushing back. lower oil prices do not affect the russian budget as much. he was the little-known mayor of a small indiana town. now pete buttigieg is claiming victory in the first test for democratic presidential contenders. he maintained his lead in the iowa caucus after second batch of results was released. bernie sanders was a close second. joe biden finished a disappointi

here with the details, ritika gupta.e last 24 hours the most coronavirus outbreaks since -- coronavirus cases since the outbreak began. the death toll is now approaching 500. hong kong announced it will quarantine visitors from mainland china. saudi arabia once opec and its allies -- saudi arabia wants opec and its allies to cut production, but that runs into a roadblock from russia. saudis see an output cut is a way to shore up falling prices, but russia is pushing back. lower oil prices don't affect the russian budget as much. he was the little-known mayor of a small indiana town. now, pete buttigieg is claiming victory in his first test for democratic presidential contenders. he maintained his lead in the iowa caucuses after a second batch of results was released. bernie sanders was a close second. joe biden finished a disappointing fourth behind elizabeth warren. next up for the democrats is the new hampshire primary tuesday. a firm is launching a private equity fund, part of a strategy to broaden appeal as a financi

i'm ritika gupta. this is bloomberg. up --: thanks, rick thanks, ritika.the death toll the coronavirus has risen to 636. us with today's latest openoomberg markets: china host tom mackenzie. is there any indication on whether workers will go back to the jobs this coming monday? tom: no indication of that whatsoever. the numbers in terms of the deaths keep rising. 637 is the number now. we have a cruise ship off the coast of japan, 61 confirmed cases there, the largest number outside of china. the measures internationally and domestically, singable raising its alert level to the highest since the sars crisis in 2003. domestically, major cities like putting in shenzhen place restrictions on households in terms of their movement as well. clearly, the economic damage continues to grind on as these closures continue. toyota is continuing to close their plant, extending that for a week. on the retail front, the damage continues. you saw that from burberry, and in refining of oil and chemicals, down by about 15%. the forecastaying for growth in china is going to

ritika: >> january's u.s. jobs report brings it into the picture. >> and a sn

here's ritika gupta. ritika: the u.s. plans to sign a peace agreement with the taliban a week from tomorrow to end the war in afghanistan. the deal is still contingent on a seven-day long partial cease-fire that begins on me -- that begins at midnight. once it is signed, talks will begin between the taliban and afghanistan government. china has adjusted the number of cases of coronavirus for the third time this month. that raises more questions about the real ability -- about the reliability of the data. that wellsas learned billion set to pay $1 in investigations into consumer abuses. federal officials will announce that the bank will be fined $3 billion to put in into a scandal that led to the departure of two wells fargo ceos. campaign will take over youtube on election day and a few days before. they bought the coveted ad space atop the world's biggest video website, like a super bowl tv ad. about 3/4 of u.s. adults say they use the site. global news 24 hours a day, on air and on quicktake by bloomberg, powered by mor

i'm ritika gupta. this is bloomberg.es are first residential contest on the calendar, and there are much different than a traditional primary. immigrants operate there's like this. caucuses will take place in all precincts, plus 99 satellite locations. caucus-goers will select their choice of president by splitting into groups. the candidate needs at least 15% of the room to remain viable. otherwise, their supporters are released in open to select another candidate. will use allains matters of persuasion to win additional support. from there, the second and final count is taken. then the state party calculate how many each candidate has won at each caucus location. for the first time, the iowa democratic party will report the results from all rounds of voting, but the key numbers are the state delegate equivalents. david: we continue our coverage of the iowa caucuses with dennis gold ford, professor of political science at drake university. now alongside rick davis and jeanne zaino. it is a media event. we just heard a b

ritika: more fallout from the coronavirus outbreak.to take over group and selloff its airline assets. the virus has hit the conglomerate's ability to meet financial obligations. hna has been selling off assets after a global buying spree left it heavily indebted. inflationary pressures may be building in the u.s. moreproducer prices rose than forecast last month, up 1.7% from a year earlier. energy.ludes food and almost all of the increase was due to the cost of services. imf is protecting a rebound in global growth despite the coronavirus outbreak. the fund says the global economy appears to be bottoming out. still, it says that risks include the virus and trade tensions. is criticizing the european union for efforts to aun -- enforce a un arms embargo. iny say they're interfering a dispute where they have no authority. the country is now split between rival governments. 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 ritika gupta. thi

i'mriddick a group -- ritika gupta. this is bloomberg. washington has raised its travel advisory to hong kong, warning of increased caution and the state department is allowing nonessential personnel in hong kong to depart. we will go to yvonne man. yvonne, what is the latest? yvonne: taylor, the level to travel advisory now from the u.s. to hong kong, still far from the level for advisory the u.s. as on china right now, which is the highest level -- for travel to hong kong advisory the u.s. has on china right now, which is the highest level. his 62-year-old woman in public housing also contracted the disease on the building was forced to evacuate tuesday. u.s. state department letting nonessential diplomats and theyies leave hong kong if want to, and hong kong is also stepping up travel restrictions, the airport suspending ground travel services to the mainland, so coach buses that travel to cities like shenzhen and macau are temporarily shut until further notice. taylor: there is also the latest about a cruiser -- a cruise liner rejecte

this is bloomberg. ♪ ritika: this is daybreak asia.advisor larry kudlow says the impact of the coronavirus on the u.s. will be minimal but will likely delay and export boom that was due from the china trade deal. there are more than 23,000 confirmed cases of the virus in china and at least 490 people have died including one in hong kong. the second death outside the mainland. . meanwhile, the who says almost 700 people have recovered from coronavirus symptoms. nike shares fell and extended trade after it said the virus will have a material impact on sales in china. they closed about half of its stores there and operated -- operating reduced hours at the rest. starbucks has closed around half of its chinese cafes and apple is warning of the virus impact on its supply chain. the virus will slow its expansion plans but it will still higher wealth managers for its new operation. initial results have finally been announced in the iowa caucus, although the final numbers are not yet available. first readings put pete buttigieg in front with b

ritika: president has faced impeachment day and one.he senate cleared him of abuse of power and obstructing congress. in a result that wives -- was widely expected, former presidential candidate mitt romney voted to convict trump on the abuse of power charge, becoming the lone republican to break ranks and vote with the democrats. three people are now known to have died as 179 were injured as a passenger plane skidded off the run rate and is simple. the boeing 737 broke into three pieces as it landed in wet weather, forcing passengers to scramble to escape. we're rear of the jet caught fire while the nose came to rest upside down. at itsia expanded weakest pace in four years and 2019, opening the door for more rate cuts amid the fallout from the coronavirus. fourth-quarter growth was the slowest since late 2016. bank indonesia has cut rates four times since july but kept things on hold last month. bernie madoff has asked for early release from his 150 year prison sentence, claiming he has 18 months to live. 81-year-old has served 10 yea

i am ritika gupta. this is bloomberg. shery: thank you.g a new death toll, this rising to 1016. the cases of coronavirus raising to 42,638. we have seen new studies putting the estimate of the mortality rate at around 1%. that compares to 9.6% for sars, but still, the death toll continues to rise, topping 1000 in confirmed cases at 42,638. right. and let's turn to live pictures of president trump right now at a keep america great again rally in manchester, new hampshire. this a day ahead of the democratic primaries there. bloomberg subscribers can watch it all by running the function live . this is bloomberg. ♪ haidi: this is "bloomberg markets: asia." i am haidi stroud-watts in sydney. shery: i am shery ahn in new york. confirmed coronavirus cases continue to rise outside mainland china with hong kong investigating six more overnight. bloomberg markets anchor yvonne man has the latest. thene, so get us through numbers and what is happening in hong kong. yvonne: that brings the total to 42 in the city, and early this morning, we learne

ritika: thanks. announced pardons tuesday, including one millikencier michael and former illinois governor rob . he was dubbed the junk-bond king. vichlso released blagoje from prison, commuting his prison sentence for public corruption. president trump offered more than two dozen pardons since taking office. he has stepped in to stop his own administration's plan to stop the sale of ge made jet engines to china. he tweeted that the u.s. should not be a difficult place for foreign countries to do business. should not always be used. the intervention represents a rare public rebuke of some of his administration's hardliners on china. the u.s. has imposed restrictions on five chinese state media outlets, designated them as foreign missions because they are not seen as independent. the list includes china's global television network and the publisher of the people daily. president xi jinping and the communist party are imposing more direct control over china's media and stifling their independence. pass

i'm ritika gupta. this is bloomberg. paul: thanks. latest headlines, china saying coronavirus death toll now at 553. 3694 additional coronavirus cases were reported on february 5. china saying the total number of cases is now 28,018. let's get your check on what is happening on the markets here. new zealand on holiday. the national day there. australia has been trading for about 30 minutes now. higher by 8/10 of 1%. the s&p 200 back to that 700 point barrier. nikkei futures have been looking flat today. s&p mini futures for the u.s. higher by just a couple points after we saw ready decent gains on u.s. equity market. the rapidly spreading coronavirus is prompting some banks to flip their 2020 predictions just one month into the year. given ingles is in hong kong tracking the story. call was two months old. and then this happens. revisiting -- because this fire us came out of nowhere, the optimism surrounding you trying to price the tradeimism in deal, that has been put on the back burner for now. you look at the thai baht, they have f

ritika: president -- viviana: president trump using the annual national prayer breakfast to attack his enemies and boast about acquittal. he held up copies of newspapers with headlines reading "acquitted." mr. trump also appeared to take a swipe at mitt romney, the only republican who voted to convict the president on abuse of power, saying, "i don't like people who use their faith as justification for doing what they know is wrong." output per hour increasing at a 1.4% annualized rate. weak productivity may explain the more moderate pace of wage growth during the expansion. over to baghdad, where hundreds of students are taking to the streets. they converged on the epicenter of the four-month antigovernment protest unit. they condemned this week's militia attack on demonstrators. at least eight were killed, 50 others hurt. kirk douglas has died. he was one of the last survivors of hollywood's golden age. some considered him to be the first action hero. douglas starring in movies such as "lust for life" and the iconic role of "spartacus." he also stood up against mccarthyism and the ho

ritika: coming up on bloomberg best, stories that shaped the week in business around the world. coronavirus continues to dominate attention, cases increase day by day while risks had remain unclear. >> there will be an impact in china. risk >> .hat is a earnings are also top of mind with another flood of companies releasing results. >> it is clear that the first would be stronger than the second half. >> it will be tough in 2020 to be honest. >> the focus is to make this next three or her's account. >> major tell, abused. >> it was an unusual decision. >> -- a major telecom it gets abused. in thebinet reshuffle u.k. takes a startling turn. >> not someone walking out on the job. >> an exit interview with the outgoing credit suisse ceo. >> the true legacy comes after we leave. >> it is all straight ahead on bloomberg best. >> hello and welcome. this is "bloomberg best." your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. we began with a familiar focus,

let's get to ritika gupta -- >> it is all about the virus today. saw south korean cases multiplied this past week, now hitting over 700. he chinese open and hong kong stocks under pressure today. shanghai composite, hang seng, all in the red. the onshore yuan. weaker against the dollar. local governments in china lighten up in a bid to get people back to work. the concern here and why these indices are in the red is what if that brings about a surge in the case count. let's look at what is happening in the broader asian markets outside of china. you can see the asia-pacific index excluding japan. japan is on hold today. also in the red. s&p, futures looking ahead. under pressure on worries about what suppliers will be doing to supply chains. a lot of them are in south korea and that is now the focal point for the coronavirus outside of china. i want to bring to your attention at the top of the screen, the malaysia stock index. some political turmoil, news coming out of the prime minister's office. really weighing on malaysian equities, down to the

ritika: we begin in china -- viviana: we begin in china with the coronavirus outbreak.e victims, the chinese doctor who was initially sanctioned for warning about the deadly disease, leading to online anger against the communist government. singapore has raised its virus response level, now the same status as it was for the sars at a benefit -- the sars epidemic 17 years ago. a heated call between president trump and british prime minister boris johnson in a dispute over china's huawei technologies. president trump spending months trying to persuade the u.k. not to allow huawei to help build 5g networks there. he's unhappy mr. johnson defied his demands. to the iowa caucuses, the final vote counts are in. pete buttigieg holding a razor thin lead over bernie sanders. 26.2% stateg had a delegate deliver lengths -- elegant equivalents, 0.1 percent more than bernie sanders. 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 viviana hurtado. this is bloomberg. alix: thanks so mu

ritika has the first word headlines.ing its forecast for growth this year with the coronavirus outbreak set to weaken production and consumption. gdp is now seen expanding about 2.3%, down from a previous projection of 2.7%. the infection is also seen pushing tiling closer to recession. growth could have been less than 1% when tourism plunged. has --ctronics industry the coronavirus parks and exit is ahead of the rollout of 5g. it is the first time in the 33 year history that it is being called off. the event normally draws more than 100,000 participants across the world, new products and innovations. ericsson, sony and nokia led the pullout. lawmakers have thrown their weight behind the brexit negotiating positions ahead of upcoming talks with the u.k. parliamentarian, opal emily adopting the head of the meeting in brussels later this month. ae eu and u.k. have both -- deepening divide over the trading relationship. democratic front runner bernie sanders the other presidential candidates move onto the next stage of the