see the magical fold right before your eyes as they dropped the phone into a batch of bubbling hot alumina. it looks like it might be able to come up to the surface but then it burst into flames and it's official, -- >> we have some very special guest in the studio today. i want to welcome you in the nick clemens band. thank you for coming in. the is the son of the iconic, the iconic member of the e street band, nick, i appreciate what you're doing on january 7 your organized the fifth annual big man birthday bash. in honor of your father. it's a way to raise money for important organizations in new jersey that are focused on fighting the helena epidemic. i'll be there to mc along with jessica and it should be a great event. tell me about it,. >> were happy to have you in some of the people involved, soon to be a great event. my father get back to people, he love giving back and making sure , and he wanted us to get back and were trying to do the same thing with this charity and help them out. >> is going to be doors open at 1:00 p.m. i'll be there at 5:00 p.m. you set a michael till midni

and aluminum player, alumina, rising. aluminum rose to a 20 month high . a quick word on chipmakers. texas instruments saying the first quarter profit will likely top estimates. a word on toyota, up 2.5% after saying they will add 400 jobs and invest $600 million in the u.s.. hyundai motor, now down 0.7%. julie: in the auto industry, trump has offered a range of incentives. tell us more. interesting, evolving relationship. reporter: if you look at it through the course of the last year months, it was hammer, hammer on the part of mr. trump. now does like smiles and let's get together. positive meeting. there was civility happening. you can see mr. trump, shaking hands with ceos of various companies, from gm as board. he was talking about bringing manufacturing back to the u.s. theme, a recurring taking away regulations, the environment in particular. he thought environmental regulations were out of control. he is also talking about reducing corporate taxes. we are going to make the process much more simple for auto companies and other people who want to do

we didn't talk about alumina, but the stock was up $20 after hours. in terms of where they could potentially go,ialumina, but the stock was up $20 after hours. but in terms of where they could potentially go,lalumina, but the stock was up $20 after hours. but in terms of where they could potentially go,lalumina, but the stock was up $20 after hours. but in terms of where they could potentially go,lumina, but the stock was up $20 after hours. but in terms of where they could potentially go,umina, but the stock was up $20 after hours. but in terms of where they could potentially go, $2.5 million market cap companies, these would not the be huge deals for a name like gid gilead. clearly cancer is the next frontier. >> gilead going side way, but that is not a bad thing. i don't think that they will make a bad is acquisition. if you look at analysts on the street, they have 5% discounts rate on the dcf which means they have priced in biopharma risks. >> shares of general motors soaring today. could autos be the next great leg of the trump trade? plus one g

alumina, 6.5% after the overnight rise in aluminum prices hitting a 20 month high given the china storyalcoa. rishaad: thank you, sophie. right, let's look at those first word news headlines. rosalind: toshiba making moreines, the stock down than 4% on news the company has uncovered more mishandled data. it concerns the hydroelectric dam project and was found last november. shares plunged 6% after toshiba said it would put a figure on the right down at its u.s. nuclear unit on february 14. qantas enjoying a lift as it resumes flights to beijing, shares up 1.7%. capitalize time to on the millions trying to get away for the lunar new year. the ceo launch the flight says he sees "amazing growth in thailand in the coming years." he would on a 30on thursday wednesday evening in new york. alibaba added $7.5 billion of market value after beating last quarter and raising its full-year sales forecast. china's biggest e-commerce company benefited from a record november singles' day spending spree, doubling sales of cloud computing in the quarter. the company raised revenue growth to 53%, up from

this morning we made an announcement in health care with alumina that watson will be.y are the largest genome sequencing producer. watson will be there. dtcc this morning. they are the one that does all of the credit derivatives and we made a big announcement with them on block chain. so this is about serious business with a strong industry dimension. cloud, cognitive, block chain and you're seeing that come through. >> right. you were just telling me earlier that this is going to be a big year for block chain. >> a number of these technologies this is going to be a tipping point. chapter one is over and you're going to see serious business done with these. >> great. >> so i take something like block chain which at the end of last year we had announced cls which does all of the fx settlement, 5 trillion a day building with ibm on hyper ledger to move that. >> i think we're going to be talking about it a lot in the future. >> you will. the opportunities are hundreds of billions. >> thank you very much for being here with us. we look forward to talking to you again soon.

in the release the new ceo, roy harvey, saying that rising a alumina prices.has exceptional growth and stronger market environment. increased profits and reported robust margins. still, you take a look at shares of alcoa after hours down 1 1/2%. the miss on the bottom line as its first -- in its first earnings report as this new alcoa company versus a beat on the top line. back over to you. >> listen, any time we're talking about that, it's a win. alcoa it's not been the market signature that it was. in terms of the season, there does come a time given what we were talking about with the metals. >> absolutely. stocks up 30% year to date. the year is 20 something days old. clearly this is just getting caught up in that big move. obviously not a lot to compare the two directly in terms of a year ago performance. i do think it's probably got to shake out a little bit. we'll see how it goes after hours. people will say the macro trends are enough. >> it's amazing given that it would still be -- it's moving now down about 3%. >> that's not a huge move given that he

alumina introducing its new selm dna sequencers that can decode 8 -- full human genome in one hour, moreheaply than current devices. those shares surging 70%. drugs, a of its painkiller will apparently be reviewed by an fda panel over abuse risks as there is a increasing scrutiny of various opioids. individual movers, williams getany, they say they will rid of payments it received for managing williams partners lt and take a bigger stake in the master limited partnership. some analysts saying williams is getting the worst end of this deal and those shares are the biggest decline of in the s&p 500. the big currency movers today, that is the mexican peso, this is the dollar versus the peso. the mexican peso at a new record low today, even as the central bank of that country says it spent $2 billion last week to try to prop up its currency. that attempt was unsuccessful. vonnie: thank you for that, julie hyman. let's get to the first word news >>. president-elect donald trump takes attorney general is in the hot seat, for the first of two days of confirmation hearings. senator jeff sessions

up.vidual movers, alumina it will use ibm watson technology to cut dna sequencing times.eans is it could revolutionize cancer care, so they can individualized drug therapies. that is expected to begin next year. it raised its price target to $170. his -- 55ng a look at t million shares at $29, a discount from the close. it also raised its dividend and will be using its money to increase holdings in one of its subsidiaries. as for the individual movers. david: thanks. coming up, a big week of bank earnings ahead. to cap it all off, we will see retail numbers and consumer spending data on friday. we will learn about -- that's next. this is bloomberg. ♪ jonathan: from new york, this is bloomberg. willorld's biggest banks be releasing the latest quarterly results at the end of the week on friday. we will also get a read on retail and consumer spending over the holidays. -- we are still with the chief executive strategist. thank you for being here. to talk about a rally that has just exploded from the bottom of the summer, when rates really bottomed, and then accelerated throu