david: x-ray much to alison williams -- thanks very much to alison williams and steve wood is going to now we want to get an update on what's making headlines outside the business world. emma chandra is here with first word news. emma: president trump is responding to reports he used fouling which at a meeting on immigration. he tweets that the leg which he used was tough but "this was not the lingwood used." -- language used." what he said was tough was a.outlandish proposal on dac meanwhile, president trump won't say whether or not he has spoken with kim jong-un. the president has refused to comment when asked by "the wall street journal," but he said he probably has a very good relationship with the dictator. the president has now received a study on steel imports that could lead to tariffs. the commerce department put together the report as to whether they are harming national security. we spoke to the ceo century aluminum c. >> we think a 20% tariff on virtually all primary willnum into the u.s. encourage production to restart number one and to encourage the state amenities to sto

that is alison williams.big announcement yesterday about what they are going to do in response to the tax overhaul package. they will invest $30 billion over the next five years. ,oining us now is tom barrack executive.northstar you know the president pretty well. talk to us about the effect of the tax cuts. i'm going to put up a chart to show how much money apple has offshore. it is like $250 billion. what is that going to me to the u.s. economy? tom: we are yet to know exactly what it means. as we see today, some of it invests and has another effect. it is a bit like an orchestra or a symphony. it is the first tune of what is going to take an iterative a new direction of infusion in the economy, which can only be positive. it,ompanies surround especially as we look at who has the largest market caps in the world, we look at these digital providers, in front of that is also a brick-and-mortar game behind the investment in new products. we know that the supply of products in the digital outweighs the supply o

williams. alisonput a chart up specifically on the question of ficc. >> it is relatively important to them. deutsche bank aren't a little bit more if you include financing revenue and its four to five times the size of their equities business. we did see expectations coming saw a revenue estimate declines at deutsche bank when they announced their 22% trading drop. citiso saw declines at and goldman. on thatsed estimates front. the positive news going forward on the tax front is what investors are looking at. david: all of the banks are telegraphing we should be modest in our expectations. where are we expecting surprises if anywhere? the upside or the downside? >> in terms of the credit-rating business i think has outperformed. it's tough to make money in that business one spreads are as tight as they are. in general that is good for asset prices. from an overall perspective you might get the biggest surprises from goldman and morgan stanley. morgan stanley has beaten estimates over the last several

alison williams, thank you. let's chat about bloomberg business flash.eneral electric will take a 6.2 in the dollar charge fourth quarter because of lingering problems in its insurance business. ge capital will make reserve in the fourth quarter because of lingeringcontributions of about5 billion over the next seven --rs following a report review of the north american life and health long-term care portfolio. chief executive john flannery called the charge deeply disappointing. general motors has a surprise for wall street. the biggest automaker in the u.s. has forecast steady earnings for this year. what analysts predicted profit would fall. p two capital partners have -- which offers a broad range of gift cards and other prepaid products. the price three $.5 billion in cash. black hawk warned last year that competitive pressures in the u.s. would hurt sales. that's your latest bloomberg business flash. we are heading for the close of trading. here's a look at some of the big gainers and the big decliners in the stoxx 600 today. this is bloomberg. ♪ you

alison williams, thank you very much. and beth is staying with us.: and coming up, david einhorn says he understands investors are frustrated and he is frustrated. we will talk about why. and as you commute in, listen to the radio, tune into tom keene and jonathan ferro, and then jonathan pryce will join from 9:00 until 10:00 a.m. live from new york, this is bloomberg. ♪ >> this is "bloomberg daybreak." kailey: you are looking at the hewlett packard enterprise greenroom. , cio for, david herro international equities. now to your bloomberg business flash. google tightening up the youtube rules to clean up for advertisers, they were not imposed criteria on what kind of videos can earn money. they will introduce a new vetting process for top shelf videos it offers advertisers. managementeld preparing an offer for i do beauty that will value the commercial real estate company at $4.7 billion, that is according to people familiar with the matter. iwg owns almost 3000 locations. brookfield is an asset manager in canada. and mark cuban bringing bitcoin to t

lison, thank you so much, alison williams with bloomberg intelligence joining us.ing up, what is the world's largest ipo? amin nasser will talk about the company's plan with francine lacqua at davos. that is coming up next. you can join tom keene and jonathan ferro on from 7:00 to 9:00 and pimm fox from 9:00 to 10:00 on radio, "bloomberg surveillance cocoa and you can hear it in new york, boston, the bay area, all over the united states. live from new york, this is bloomberg. ♪ taylor: this is "bloomberg daybreak." i am taylor riggs live in the green room. we have more live from davos. david: this is "bloomberg daybreak." i am david westin. we turn to taylor riggs. taylor: today, off about .8%, pushing against stronger relative to the dollar, going back to the strongest since may, september. i have not heard in the equity markets, though future set to open up another record, .3%. the next board, all of this talk of a weaker dollar is pushing gold higher, now it's highest since mid-september. i am watching bonds after we heard from bridgewater's ray dalio. are climb

alison: an uproar over unequal pay, a big compensation back between mark wahlberg and michelle williams. nancy: they were called back to reshoot scenes in a movie, and mark wahlberg was paid $1.5 million for the re-shoots while williams was paid less than $1000. both actors are represented by the same agency, but williams was not told she would be making a fraction of her male costar. alison: not great. robert: the wizards trying to get a little get-back tonight, getting a blast from the not so distant past. >> and now the toyota sports desk, brought to you by your local toyota dealers. robert: the last time the wizards played the utah jazz, complete embarrassment. tonight, a different story. that does not mean a happy ending, though. wall off. don't know how this happens, somehow gets it to drop after all that mess, beating the buzzer to boot. the turnovers were the big story of the game, 23 wizards p novers led to 27 jazz oints,. wiz lose. utah's rodney hood was ejected in the third because he knocked the cell phone out of a fan's hands on his way to the locker room. something tells m

alison: two hyattsville men could spend the rest of their lives behind bars after been convicted in a federal sex trafficking case. the police say that ivan williams and dennis davis transported teenaged girls around the d.c. area and as far away as atlanta, posting ads online and using the money to fund their rap music. you may have noticed all of us in blue tonight. this is for the department of homeland security's wear blue d find more information including how to spot the signs of human mofficking on her abc 7 news bile app. nancy: no more lobsters thrown in boiling water. what now has to be done before they can be cooked. alison: a do-it-yourself pap smear? we will tell y nancy: a six-year-old boy is back home tonight after recovering from his wounds after being shot in texas. he was the last shooting victim to leave the hospital, and many of the people who escorted home more first responders at the scene of the massacre that left 26 people dead at the church. alison: new details about confederate monuments. they are proposing a law to give cities the authority to remove or alter memorials. current law bans government from removing or changin

williams got to do the same thing. the maryland legislative session is now underway. lawmakers will consider a thick book of bills and a long list of issues. alisonw at 5:00, students turning laundry to loads of love. "7 on your side" putting out how it's designed to get kids in class when larry and i join yo your brain changes as you get older. but prevagen helps your brain th an ingredient iginally discovered... as you get older. in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. announcer: you're watching "abc7 news at 4:00". on your side. michelle: this has been a bad flu season. one of the worst in years. nancy: if you are on at home or watching in home we all know how you feel. miserable. as richard reeve reports in the "7 on your side" health alert, one in ten americans have been diagnosed with the flu already. >> well, whether it's doctors or the local hospital like this one or the family, most of us realize the flu is pre-leapt out there. the center -- prevalent out there. the centers for disease cont

michael wood and william morris who we have featured in the past were arrested thanks to your tips. we'll see you next week for a "7 on your side" fighting back wall of justice. alisoncoming up at 5:00, a refund for riders. why metro is considering a proposal af larry: covers metro and a plan to try to lure customers back to the rails with a new promise. if your train is late, you get your money back. abc7 transportation reporter sam swene sam: for 2018, metroee new slogan could be "on time or on us." >> i would get a lot of money. a lot of money. it would be good. >> since safetrack finished nine out of ten rush hour trips have arrived on time. but ridership is down. 30% of the riders say they are riding less because of reliability concerns. >> nothing is ever on time. what are we going to do? >> they are introducing the 2018 consumer confidence program. if your trip is delayed by more than 15 minutes in rush hour, you will get money back. for riders using store credit on the smart trip cards. your whole trip will be refunded. for past riders $3 will go back to rail users and $1 for bus riders. >> that will be awesome. i use it regularly. it would be free trips for