artan schulz has the bigger challenges. he is partrt of a party who has had its worst score since the second world war and the recent legislative elections. he promised d to have a new and aggressive european policy to answer the calls of french president emmanuel macron for more european integration. artan schulz was the former speaker of the european parliament, so what does that mean? it means the employment of a european union finance minister, a harmonization of tax policies, so there inono social l dumping across europe. it means domesestically for r sl democrats that this is something you can pitch to the party faithful. they will be able t to s spend t is described as a cash mountain. germany y not running a deficit to help then order disadvantaged.d. that is what a sococial democrat party shouould do. he is spending on education, police, infrastructure -- all kinds of things to make the people who a are more didisadvantaged in this countnty share in i its prospererity. onone fil word -- thisis chimesn with what he

, philadelphia will also be having tell celebration every hanukkah tonight on boat house razak ali artan. the eight day festival commemorates ancient miracles over oppression. we will ends on the night of wednesday, december 20th. >> well, eagles fans are sending their well wishes to injured quarterback, carson wentz. >> fans gathered a dilworth park this among to sign cbs-3 get well banner went a speedy recovery. >> get well. we miss you. come back healthy. >> i think we'll be good next season. can't give up hope yet. came this far. >> god bless. extremely heart breaking. you know, if you want to see a grown man cry, it happened on sunday. so yes, i felt totally awful for him. it is emotional. >> heart breaking all around the tri-state. wentz of course out for the rest of the regular season and the playoffs. back up quarterback nick foles will replace him. >> and foles' talking to the media in about 40 minutes from now, his news conference expected to start about 45:45 p.m. this afternoon, watch it live on our website cbsphilly.com. coming up: his heart wrenching plea went viral. coming

again you with artane our son to make his way around the world today to bring toys to children what would be on the wish list for global leaders do you think. has been asking people in london for the ethical. probably was the breaks it never happened and she was never promoted to prime minister probably. it wastes is still to see how we can help donald trump. you're. probably a better way to deal with maybe north korea in some ways probably something on the lines of. drinking. water than i do so maybe something to make that a bit easier. i guess he's always going to need. to go to spice. barris. just bring out all the cliche that it is. bigger muscles. he's pretty happy i don't need anything. more stable europe probably well with what could be on the wish list of chances for difficult his peace for all of us a month if you will that i've been able to get a hold over the leftists his son said it was written by a mrs merkel from right seeing him live in. saying this is the german chancellor's letter to santa claus just saying. sequence aside from a. wish that they win the world cup in russi

. ♪ live in the city of london, i am mark artan. in new york, i am vonnie quinn.omberg markets. it is time for our talk of the hour. ge announced 12,000 jobs will be cut and its troubled power unit. meat on the bones of what they were talking about. at that time, they talked about a big turnaround. one piece is to help out that power unit. it is about 30% of the unit and a big problem for ge. cuty, saying they will 12,000 jobs from the unit, about 16% of the overall jobs on the it also allows them to focus perhaps more on the park part of the power unit and about 64% is within the power unit and the other 6% is the equipment which is64% sagging. the aftermarket and the park -- may harm a -- high markets. .e could generate turnaround >> what about the facts that some of these jobs, they are not domestic jobs? >> there are unions protecting the jobs abroad. it could take some time. another -- another so this could be what is announced next. what else could the companies due to flesh out the overall plan and one piece that could be jobs from a corporate perspective,

brand-new european headquarters in the city of london, i am mark artan. welcome to bloomberg markets. .- i am mark barton welcome to bloomberg markets. vonnie: we are going to continue our coverage of the jobs report. brexit news. we start with breaking economic data. julie hyman is here to give us the details. reading foris the consumer confidence, slightly below the 99 that was estimated. we are seeing cooling for a second month. it does remain at a level consistent with a steady economy and a solid job market, which we heard about earlier this morning. it is the expectations measure that appears to be responsible for this decline. it declined 84.6 from 88.9. the year ahead, inflation expectations gauge rising to 2.8%, the highest since april of 2016. what we have just heard lisa and john talking about -- inflation in this seemingly robust economy, which has not been heating up. consumers do expect it to heat up over the next year. we see stocks once again rising toward record levels after this morning's jobs report came in better than estimated. as you

mark: and live from bloomberg's new european headquarters in the city of london, i am mark artan.is bloomberg markets. let's get to brexit. the u.k. pushing back against new demands to make a better offer on brexit divorce terms. the sites need to agree on more -- on how much money britain will pay, as well as protecting the rights of e.u. citizens and finding a solution to the irish border question. december 4, it was a deadline. now it is less of a deadline. going off toy was brussels. going to have lunch with john paul juncker. she was going to come with the offer that was going to break the deadlock. officials on both sides are telling us to die i'll back those expectations. what does that tell us? that means negotiations are going to the wire. they still do not have a solution to the irish border question. it seems we have a rough agreement on money. it seems this is going the right direction. a lot of strong words over the last couple of days from both sides. mark: in august, threatened to walk away. >> they said if you do anything to weaken the union, we will withdraw our v

. ♪ from bloomberg's european headquarters in london, i am mark artan. vonnie: i am vonnie quinn.s is bloomberg markets. we are talking bitcoin and oil today as crypto mania seems to rage on. oil gaining on science u.s. stockpiles so more than expected. joining us is the founder and chief strategist at topstep trader in, bob iaccino. two he had good price for the product? they stabilized in terms of how high the rally can go, but droprday, we saw a 12.5% in bitcoin and the futures stabilize that in my opinion. that was one of those collapses you could have seen going further and faster than it did. strange to say that because it used to be crude oil was the most volatile product. bitcoin has about five times or six times the volatility of crude. and the futures contract from the cme group was the missing piece in finding the right price. in terms of transact ability at this stage, i think you take bitcoin's intrinsic value, and you combine it with a premium of where it may be in terms of usability and acceptance, i am thinking it is better around $7,000 or $8,000. it is not justif

it is frustrating to me that things like this that i truly enjoyed artane the. >> the easy answer would be yes, i will boycott going to these places. on the other hand, there are people that work at both of these places who don't necessarily have anything to do with that. it is their livelihood. there are two sides to that. >> the company has hired and attorney to induct -- to conduct an investigation. new policies will be implemented after three restaurants to make employees feel safe. back to you. >>> on our website, ktvu.com, you can see the full open letter. >>> our time is 7:11. earthquakes are making people nervous. is a big one all the way? what the experts are saying. >>> some popular makeup is being recalled because of asbestos. more on what consumers need to know.>> a beautiful start to the day but cold. make sure you grab your jacket. we will check in on your current conditions all the way through the weekend. we are tracking rain. more on this coming up. >>> welcome back. justin, new york city's mayor build the blasio dasha build the blasio -- bill deblasio said that the fir

there is zero evidence if we reduce the paperwork artan, compliance burden, we will pass on those savings. increased lending or renumeration. have 50 seconds left. when the fed formulates monetary i'll see, it takes a broad look at the economy and identifies risks and trends. i have a copy of minutes. there is a brief discussion of hurricane related disruptions. indicate in the past, they have only had a temporary impact. answer for the record. how many events would it take to have a material impact? has the federal reserve considered what number that would be in terms of the total cost? have you worked with science agencies. the number of severe weather events? i understand this is difficult to quantify, but you're in the the business of analyzing things. i will take those for the record. us to read thank you for being here. also, being so generous. the meetings you have had. this. covered some of i want to go back to it again. you have been nominated to a position where you are going to be the boss. you also said in our meeting in the office, you are going to rely to take a look at regu

live from our brand-new european headquarters in the city of london, i am mark artan.rton welcome to bloomberg markets. vonnie: we are going to continue our coverage of the jobs report. brexit news. we start with breaking economic data. julie hyman is here to give us the details. reading foris the consumer confidence, slightly below the 99 that was estimated. we are seeing cooling for a second month. it does remain at a level consistent with a steady economy and a solid job market, which we heard about earlier this morning. it is the expectations measure that appears to be responsible for this decline. it declined 84.6 from 88.9.