i'm anna edwards.rg markets." ♪ anna: welcome to the program, here are the top stories we are covering for you from around the world. the dollar falling for a fourth day, trading at a form of love. -- low. trading at gains, its highest in more than three years. and high-tech cars and suvs are the world biggest -- as the world biggest automakers gather in detroit to reveal their latest products. thisck look at the market, monday we are without the united states, martin luther king day, no equity trading and no bond trading. we are without that volume and we are struggling a little bit to make any higher in the european equity session. down by an eighth of a percent. talking about the dollar weakness. we are up again at 64.42 for the nymex. and oil prices higher. and coming out of detroit, the north american auto show, the bmw headline coming across right now, expecting a global sales growth in 2018 on new models. they are expecting 2018 growth in all markets, including the united states and china, keepi

i am anna edwards. manus: this is "bloomberg daybreak: europe." race against time. the house passes a spending bill to avoid a government shutdown, but will senate democrats get the votes they need to block it? manus: some ball boy --zimbabwe's new president talks about his plans to revive the economy. be attractive for coupledom -- for capital to come to zimbabwe. agrees to pay. ♪ anna: good morning, everybody. "bloomberg -- it is

i am anna edwards. manus: i am manus cranny. these are your top stories. anna: rhetoric from mnuchin it's the dollar sent in the currency to its lowest level in three years. , donald trumptime says he would look to speak undergrowth about the russia probe. today the u.s. president arrives in davos. anna: the first policy meeting of the year with investors looking for comments on the stronger euro and the timing of policy changes. ♪ anna: good morning. this is "bloomberg daybreak: europe." we are live from the forum in davos. we have another great lineup for you. good morning, haslinda. haslinda: good morning. we have plenty of guests. president of institute of international finance. and jes staleyde and we will also bring you an exclusive interview with theresa may here from davos. we will speak brexit and our relations with the u.s. lots coming up throughout the day. manus: haslinda, great job. forward to those interviews. breaking news coming from nordea, we have a conversation later. they are the only systemically important bank in scandinavia. derisking

i am anna edwards. manus: i am manus cranny. trump's outburst. fresh accusations of racism after a comment about immigrants. after 18 hours of coalition talks with the social democrats, still no breakthroughs. ♪ anna: a very good morning. welcome to friday. 6:00 in london. 7:00 in paris or berlin. let's check where we are in the market action. we got the msci asia-pacific up. volatility in treasury markets allow a few more gains. we see the japanese market down. up around 0.4%. it does not mean we stop worrying about global concerns. it is on its weekly gains. we are keeping track of the strong gains yesterday. we got a change of guidance from the ecb raising questions when will you get changes in guidance. goes insideedwards baseball, but let's talk about central bank speak. agoe was a song many years called, "big in japan. " weekend of the january 5 that started back in october. the unsettling of the global trade story between north korea, south korea, and japan. you are seeing the bond at risk in japan dropped to a 10 month low. , theave fresh

>> good morning from the new european headquarters in london, i'm anna edwards. >> i'm manus cranny. these are today's top stories. anna: ubs wants a bigger piece of china. in an exclusive interview, sergio ermotti tells bloomberg the bank aims to buy a majority stake in its chinese joint venture. >> we have started the discussion with our partners about not only going out to 49%, but also we want to go up. manus: may signals a shakeup. the u.k. prime minister readies to reshuffle the cabinet as she pushes brexit through to the next phase. anna: and bannon backtracks. the former white house chief strategist issues a lengthy apology to trump and his family, and rallies around the president. ♪ anna: good morning, everybody. six: no one here in london, welcome to the program. let's tell you what's been going on in the asian equity session. manus, the msci asia-pacific, excluding japan, which is out for today, is up by .3%. the strength is coming through from the u.s. session on friday, allowing markets in asia to edge higher. the s&p closed out on its best week since december, 2016, larg

anna: i'm anna edwards. th round of nafta discussions will wrap up today after president trump pushed for what he called a fair trade agreement. anna: the u.k. premise is fighting critics who threaten to offend her brexit plans. meanwhile, eu ministers will sign up on their terms for the transition period. manus: u.s. group continues the march higher, marked by a weaker dollar. in saudi arabia, the prince is released from detention. welcome to "daybreak: europe." london.00 a.m. in the prince is released, along with the final checkout riyadh.t saudi arabian and putting markets are in fairly good for. stop market rallying. the stock markets are basically ignoring the rally in the euro at the moment. could that be the concern for the threat pain threshold? brexit troubles mount for theresa may and you have the house of lords perhaps challenging the brexit bill. demand andeeing calls rising for sterling. you have the nafta discussions going long, the longest since 2009. your overall complexion of these european m

let's head back to london and check in on the markets with anna edwards. have a quick look at the markets, trading a little bit higher across europe but lacking energy for the session as we wait for president trump twos week in davos. -- to speak in davos. after we saw developments on monday, many global elite are questioning what we know and what we will see in the future around trade from the united states. will there be more levies? ?ill we get clues on that that is keeping us in a holding pattern on european equities. we are waiting for the ecb and the press conference that goes along with the rate decision for mario draghi and the team. no change in interest rates or guidance are expected. could we get a change in guidance in march, and what could he have say about the euro and the weakness in the dollar? business confidence in germany improving. the euro maintained its stance against the dollar, 1.2413. the pound trades higher, the strongest in 19 months against the u.s. dollar. we have some very upbeat comments coming from the u.k. chancellor. here

i am anna edwards. manus: i am manus cranny. a says it will send athletes and delegation to next month's winter games in south korea. manus: pals number two. -- howl's number two, president trump says to be close to a decision on his nominee as the code vice chair. state anda draghi's the american business will be looking to turn around the egg operation.

i am anna edwards. manus: i am manus cranny. anna: north korea says it will send athletes and delegation to next month's winter games in south korea. manus: pals number two. -- howl's number two, president trump says to be close to a decision on his nominee as the code vice chair. state anda draghi's the american business will be looking to turn around the egg operation. turnaround the european operation. ♪ morning.ery good this is "daybreak: europe." let's talk about the asian equities session. another boy in story for stocks. japanese returning to the market. msci asia pacific up .3%. .t is not all positive samsung is one of the negatives over on the seoul market. their earnings report suffering a little bit because of the dollar weakness. that is weighing on the equity's story a little bit in south korea. our focus on south korea and north korea is around geopolitics. more details of that in the samsung story. let's talk about what is going on in fx markets. later our attention will return to fed speakers. today let's focus in

anna: and i am anna edwards. manus: making economy great again.in the state of the union address, president trump is expected to account his compliments and unveil action over trade. an informal discussion, jeremy corbyn wools nothing out on her to meeting the e.u. except his second referendum. sap agrees to buy a software company and thompson. reuters in talks to sell a major sake of its business to blackstone. we speak to the sap ceo. 7:00 a.m. in london. 8:00 a.m. in europe. tooe the u.s. faltered, so did the european markets. the s&p futures. london, paris, frankfurt, all dropped. tech job in asia. all of this to do with a report that nikkei -- a reduction in production of iphones. if that's true, tech could well be under pressure in the european trading station. state of the union today, the fed began 30 bank-day meeting -- the fed begins their two-day meeting. volatility rising across the markets. this is how it looks. volatility rising. the bond market volatility has climbed by 20% this year. the stock market volatility up by 25% this year.

anna: i am and edwards. these are today's top story. their best week since july after the dow breaks 25,000. anna: apple says all macs, iphones are affected by chip security flaws. final jobs report of 2017. what does it mean for 2018 american labor market? manus: warm welcome to the show. it is daybreak: europe, dr. -- jobs day. we will see how much the wage story has improved in the united states. asian stocks are extending their 2018 game. stirling is better bid this morning, 135.57. you are seeing london having a little reflection. it is a commodities story still front and center. dax, a poll out questioning the endurance of chancellor angela merkel. 60% say she has done a good job of time to reconsider. paris opens down .5%. what could be the risk for these markets in 2018? could it be the dollar pulls bid, pulling money and commodities out of emerging markets? bullard at the fed said the link between job markets and inflation is broken. the number to watch for is the 190,000 for the jobs today and apple. how susceptible is your pr

i am anna edwards. manus: this is "bloomberg daybreak: europe." race against time. the house passes a spending bill to avoid a government shutdown, but will senate democrats get the votes they need to block it? manus: some ball boy --zimbabwe's new president talks about his plans to revive the economy. be attractive for coupledom -- for capital to come to zimbabwe. agrees to pay. ♪ anna: good morning, everybody. "bloomberg -- it is "bloomberg daybreak: europe." the market choosing to focus on the positive around level growth. the chinese growth story we covered in detail yesterday. the risk of a shutdown in the united states. senate democrats may be in the steering seat for that one. inflation, inflation, inflation is the big talking point this week, in particular today. mex in here moving in the other direction, down one point 22%. -- down 1.2%. that is on a meeting taking place, opec and friends meeting in moscow over the weekend. getting news there. the story around the bond markets and inflation, u.s. 10-year yields at two points -- at 2.6%. trump thes shutdown

he'll be joinging myself and anna edwards on bloomberg radio.u hit tv . you get the video stream and the sid ebar,e bar, so you can breap the chart we have here. get in touch. useful. by day basis. 13 days into the bloomberg commodity index. we'll discuss commodities in 2018. mining, that's the big focus. that's next. this is bloomberg. ♪ guy: 44 minutes into the market session, 45 minutes into the market session. generally, european stocks reasonably well bid. this morning,well rippling out across the retail sector in the u.k. keeping an eye on that . the bottom end of the market, much more about where it is happening, those bond proxy selling off. let's get the details with nejra cehic. nejra: i am starting with next. it's lifted its profit forecast after a better than expected christmas. perhaps an upbeat sign for other u.k. retailers. next also expects cost pressures to ease in the coming 12 months. the stock there, up more than 9%, hitting the highest level since october. i am also looking at experian. so, a lot of different reratings h

i am anna edwards. >> these are today's top stories. anna: president trump six to connect his leadership with the first's prosperity in his state of the union address. president trump: there has never been a better time to start living the american dream. so for every citizen watching at home tonight, no matter where you have been or where you have come from, this is your time. >> the u.k. prime minister brushes off calls to resign as she heads to china on a three-day trade mission. slides and the u.s. clamps down on one of the world's biggest changes. ♪ matt: we are getting some breaking earnings now. ing group, the dutch financial fourthh coming up with quarter profit of 1.6 billion euros. ing misses estimates on profit. if got a cost income ratio of 59.9. 7% and itratio of 14 is looking at net results in 5 billion euros. that is the net result for the entire year. the fork or profit, 1.5 6 billion -- the fourth quarter profit, 1.5 6 billion. a big miss on pretax profit there, so look for ing to trade at the open. the ing cfo is going

. ♪ >> from bloomberg's london headquarters, i'm anna edwards. welcome to bloomberg markets.erage from the bloomberg and around the world the unloved dollar. the greenback falls for a fourth day trading at a four-month low. welcome to bloomberg markets. trading in the united states today because it is the public holiday martin luther king day which means we are broadcasting live from london today. the dollar weakness is the big theme of the morning. heading for its fourth day in negative territory and we have seen five weeks of weakness for the greenback. global

. >> anna palmer, we'll leave it there. edward, very big thanks to both of you.here's a new piece in the daily news that's getting a lot of attention. trump isn't crazy, he's trump. it's written by a woman who worked alongside the president for years. i'm going to talk to her in just a few moments about the man she calls both difficult and charming. also, while congress and the president negotiate a spending plan, the dreamers wait. roughly 800,000 of them. how they're planning for future without knowing what comes next. d for her compassion and care. he spent decades fighting to give families a second chance. but to help others, they first had to protect themselves. i have afib. even for a nurse, it's complicated... and it puts me at higher risk of stroke. that would be devastating. i had to learn all i could to help protect myself. once i got the facts, my doctor and i chose xarelto®. xarelto®... to help keep me protected. once-daily xarelto®, a latest-generation blood thinner... ...significantly lowers the risk of stroke in people with afib not caused by a hea

anna: we will bring you more on the theresa may conversation. this is bloomberg. ♪ ♪ manus: good morning. i'm manus cranny. i met edwards. stories. manus: trump's davos debut. foreignent lose leaders. but george soros says he's a danger to the world. anna: the dollar steadies after a roller coaster ride. u.s. officials sent conflicting messages. manus: several eu governments are said to be open on a transition brexit. beyond 2020. beyond 2020.iod ♪ manus: welcome to daybreak. it's 8:00 a.m. in dollars. we are going to set out the day for you. trump, the show man. he owned the room. you own davos. it was really interesting. he's really like a businessman. he was asking, why can we not grow more? it was interesting to see the president work. we will hear that keynote speaker, donald trump. a lot of people have stayed longer to be sure to listen to him. we will sit down with the eu commissioner. it will be interesting to see what he has to say. policy talk monetary with francis central-bank governor francois villeroy de galhau. what we heard from mario draghi yesterday in weakness in dollar. we will talk about what happens