mark: i am mark barton in london. abigail doolittle.il: dividends etf have had a term life that may be coming to an end as the sudden yield in jump has made them vulnerable to withdrawals from income seekers. income discuss is the etf analyst here with bloomberg intelligence. thank you so much. i think this is a great topic. we have seen a selloff in some of the high dividend yield stocks such as utilities after the yields did not jump up much after the election. what is going on here with the etf and what is going on with the treasury yield and the dividend yield with the etf? >> the treasuries have quietly jumped. that puts it above, for example, three of the top 10 dividend etf 's. a --end etf's it did leave lead a charmed life. the yield is more than treasuries. you saw $140 billion rush into these things. now everyone is focused on trump and what he will do. quietly, with these yields inching up and three hikes expected this year, there is a lot of money that could be at stake here. there are two types. the growers, which look at c

mark: i mark barton. -- i'm mark barton.nister tony blair says brexit opponents should not give up the fight. thereut why he thinks should be a chance you can remains inside the e.u.? vonnie: the future of samsung's leadership is -- the ceo was arrested on corruption charges. west/-- howll you relationsand israel be after the meeting with prime minister ned yost who? mnuchin is getting warnings from his counterparts overseas. the message -- don't call the yen weak and be careful on how you cut financial regulations because europe is listening. the finance chief is looking for clues whether mnuchin will clarify u.s. currency policy. tony blair is urging opponents to brexit to fight to keep the you paid -- to fight to keep the u.k. and the european union. >> the people voted without knowledge of the terms of brexit. clear, itterms become is their right to change their mind -- as these terms become clear, it is their right to change the mind. our mission is to persuade them to do so. mark: in south korea, the billionaire to sam

i am mark barton.nnie: i am vonnie quinn. mrs. bloomberg markets. mark: shares of deutsche bank dropping, the worst since december. in earlier today in frankfurt, matt miller caught up with the cfo marcus schenck, who had more to say on the latest quarter. >> as i mentioned, the fourth quarter was difficult. some of the reduction that we did see, the driver of the ratio improving, in the fourth quarter particular then reduction in business activity in the market. we didn't expect that to come back -- do expect that to come back. nonetheless, we are still targeting to get to the top .5% -- 12.5%. and we took measures in the fourth just to make sure that the core metrics that stand for the suitability -- stability in the bank, the capital ratio, that it is in the best shape we can coming out of the quarter and a think we did well on that. matt: the most important question as he appeared toward profitability for this year, you still need to hit 12.5%, are you going to need capital increased by a share sal

i am mark barton in london. vonnie: i am vonnie quinn. the company getting the approval from regulators to make a plant in france. that is looking for approval for arthritis and another for a severe form of eczema. the chief executive set down an exclusive interview with matt miller and guy johnson. he was asked about the assertion that drug prices were astronomical and the new fda commissioner would ensure that foreign companies are paying their fair share for r&d costs. there have been a lot of comments made by the new trump administration on drug pricing in the u.s., which has been a a popic i would say for eriod of time. it is clear that the increase on prices which has been happening in the past years are not in all cases justified. , we need totime find a way and this has been recognized by president trump as well in the meeting that he had with the pharma ceos in the u.s. that there is also need for room for innovation. and a vision has to be able to be priced appropriately -- innovation has to be able to be priced appropriately. i

i am julie hyman with mark barton in london. largest cosmetic company l'oreal met analyst estimates but they say 2017 will be eight "chaotic year because of political risk." bloomberg spoke with the ceo. bethis year will truly chaotic. last year was chaotic, too. [indiscernible] definitely, it is giving more and more. the beauty market was pretty good. plus 4% and our business is pretty good. we will see. expect in france for it to continue? >> i am not sure yet. i hope not. it is true that last year, france was [indiscernible] market of all, itmarket of all,. it was the worst market in the world, so i would really hope that this year will get better. and we will see. >> do you have a contingency plan in case of france's exit that europe? >> no. we would think about it later. [laughter] for the moment, i prefer not to direction.is the think it would be really bad. >> what brand specifically could potentially be impacted by this new u.s. protection? >> i do not know. it depends on what kind of protection it is. it is important to

this is bloomberg. ♪ mark: live from london, i am mark barton. am vonnie quinn and this is bloomberg markets. president donald trump reiterates his appreciation for the russian federation and four president vladimir putin. >> i say it is better to get along with russia cannot. if russia helps us in the fight against isis which is a major fight -- and islamic terrorism all over the world -- a major fight. that is a good thing. will i get along with them? >> putin is a killer. >> we've got a lot of killers. you think our country is innocent? mark: joining me now is matt winkler. a must read this morning on from his relationship with russia and the economy. is president trump expressing some kind of view on moral equivalency between these countries? >> absolutely. decade,better part of a vladimir putin has been donald trump's favor global leader >>. what is the fascination? can donald trump have an impact on either economy? >> he is now president of the largest economy in the u.s. to the extent that he makes the u.s. a friendly relation to any count

mark: from london, i am mark barton. quick shares of toyota. julie?l of the automakers in down 11.3%,oday, the estimate was for decline of 2% and toyota shares, even though they are not down that much on an absolute basis, but .6 of 1%, u.s. shares taking a sharply lower after the numbers crossed. it has been an overall disappointing reporting period for the automakers in the u.s. deliveries down 11%, down 3.8% at gm, ford doing the best with the decline of .7 1% and ford shares higher slightly but gm and fiat trading lower. vonnie: julie hyman, thank you. the latest out of washington is the senate finance committee and has awarded the approval of steve mnuchin and tom price. that will head now to the full senate committee, but let's look at trade for the moment. we had an interview with ge ceo immelt and we talked about how trade is becoming less globalized and more block by block these days. ambassadors talk to us about the issues. carla hills, former u.s. trade representative under resident hws, former hud secretary under president ford and a lot o

in england and i'm mark barton.ork and this is the european close on bloomberg markets. mark: we will take you from new york to london in the next hour with stories out of washington. he the top stories -- has president trump change the game for global trade? how will the new facilitation agreement impact the global movement? we have -- we will have an general ofdirector the world trade organization. vonnie: our safe havens about to return to their day in the sun question mark the euro is trying to rebound and bonds are rising. and we will hear from the ceo of french oil john -- giant total.

at tongue-tied mark barton today.onnie: still had, our guest is davide serra talking about if the run in financials will continue. this is bloomberg. ♪ mark: live from london, this is the european close on "bloomberg markets." just six minutes until the end of the wednesday session. vonnie: in new york, i'm vonnie quinn. mark: looking at the pharmaceutical sector today with lots of earnings on both sides of the atlantic. glaxosmithkline be estimates. it warned that generic drugs in the u.s. could cut into profit growth. sanofi said profits declined slightly less quarter. deficiencies at one of its thets has one tend to vacuuming from regulators, alleviating concerns about to new medicines. lookingwe are at earnings from gilead. earnings are fading fast. allergan's plans to limit price increases did not hurt sales either or profit in the fourt h quarter. both profit and earnings rose ahead of estimates. time for the latest bloomberg business flash. australia want to transfer to sit -- a transpacific trade deal . we spo

tom barton, bbc news.on and i started by asking him if he felt there was a change in the labour leader‘s tone since the party‘s defeat in the copeland by—election on friday. disappointing, devastating, some might say, result for labour in the copeland by—election. they have held the seat, in an area they have held for more than eight decades, in between tee general elections, they would have absolutely expected to not just hold it would have absolutely expected to notjust hold it but to increase their majority, so to lose it to the conservatives was very bad news for the labour party and forjeremy corbyn. even today‘s speech, he acknowledged that this does show problems. but also laid out really, a rallying call to the party nationally as well as in scotland about how they can deal with the problems facing labour. the result in copeland was deeply disappointing and of course, i take my share of responsibility for it. we haven't done enough yet to rebuild trust with the people who have been ripped off and s

with me is our political correspondent tom barton. normally you would resign, and if you didn't you could get sackedm is simple. if you are on the front bench of the leader of the opposition or the government and you vote against a three line whip, the most direct order your party's leadership can give you when it comes to how you vote in the house of commons, if you disobey that is, it is simple. you get fired. in this case the 144 front benchers so 11 junior minister, three of them actual whips whosejob it junior minister, three of them actual whips whose job it is to enforce discipline have been told, you are going to survive this time, you are going to survive this time, you are going to survive this time, you are going to get off with a written warning which insists you must comply with the whip in the future. if you have three whips you have themselves gone against the

this is bloomberg. ♪ mark: live from london, i am mark barton.e from new york, i am a vonnie quinn. apple shares rising after the company reported record earnings in the holiday quarter, the strength of iphone sales, to $70.4evenue up billion. a longtime apple analyst says the company still needs to innovate. >> what they can do better is make a phone that looks more futuristic. i think we will see that with fall. 10 fall, -- next look at aers need to phone that is different but the substance of the phone, they are doing a great job. vonnie: joining us is brownstone to talk apple -- brad stone to talk apple, the author of the -- a brand-new book. in bookstores since yesterday. the apple quarter is the holiday quarter, the fourth quarter, not fiscal quarter, revenue up 3.3% and stock up almost 6%, is that justified? >> we can start with what did lot, ipad sales were down and they did not do that well in china, apple tv did not do very well. the other revenue segments kchrock and yet the -- shrun and the iphone did great because the competition lit

mark: and i am mark barton.ess than twoics, months until voting starts in the french president election. the polling has consistently and show -- consistently shown that marine le pen is set to top the first round ballot. francine lacqua spoke exclusively to tackle stellar, a key business advisor for the national front party. >> if we win this one, this one is for us. nothing will stop us from winning this one, because if the almighty had written the script for that election, he would not have written anything otherwise. what we look at with some enjoyment is that the markets look at our project for the country with a lot of interest. vonnie: i want to get back to that in a second, that i am still looking at the polls and trying to figure out what are the real chances of marine le pen winning. a look at the polls, and they are not that close. she would make it to the first round, but she would lose. the she have a bigger chance? do you think she has a better chance against -- we will take whoever comes and we wi

i am mark barton. six minutes until the end of the session.carney has given one of his strongest defenses yet over the boe actions. speaking to the treasury select committee he suggested the boe will get no praise for alleviating risk. >> success is not working in terms of the financial stability around the referendum, the bank did take some serious steps in order to mitigate those. if we have not done that there would've been macro economic consequences and it is important that we did. i think that we just have to accept that we are never going to get any credit for it. mark carneyvernor under fire from the treasury select committee. have a look at where treasury markets are bearing -- fairing four minutes from the close. this is bloomberg. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. publi

this is bloomberg. ♪ mark: i am mark barton. this is the european close.tious about target earlier today. cfo discussed growth. >> we see ourselves not growing as quickly in the u.k. as we might otherwise have done. there will be opportunities where we work on a deal for 20 million customers. >> has brexit not been as bad as you thought or london is very exciting? or what? >> one of the benefits of what has happened is that sterling is weaker. calls on aing lower sterling basis. that helps with deals to go in and add an extra in places like naples, coke -- copenhagen and others. but we still see more growth going into mainland europe and the ratherovercoming damaged u.k. as we pivot away. >> is there uncertainty about what is going to happen with the hard brexit? >> michael was talking about a cliff edge. he was talking about the transition. when you look at sterling it is a huge risk. when you look at sterling, how much more weakness do you see in that? does that invert? are the pickups coming into the u.k.? >> we've got very strong numbers everywhere. it

mark barton, you have got it and hillary as well.lark, the queen of charts with us today. julie: happy valentine's day to you both. in just a few moments prime minister of japan shinzo abe will arrive at the white house. the leaders will hold a joint news conference at 1:00 p.m. and we will bring you there. this is bloomberg. ♪ ♪ julie: it is noon in new york, 5:00 p.m. in london and 1:00 p.m. in hong kong. i am julie hyman. tok: -- david: welcome "bloomberg markets." ♪ world from bloomberg headquarters we take you to washington and tokyo and san francisco. in politics, you are looking at a live shot of the white house. president donald trump is meeting with japanese prime minister shinzo abe. the top of the agenda is trade, nationals national security, and jobs. we will bring the press conference live to you on bloomberg television. u.s. stocks rise to records again. dow, s&p 500, and nasdaq hitting record highs again today. with exclusive interview illyaffe chairman, andrea -- abigail: we are

i'm mark barton. out of london and munich. unilever after a potential bid by kraft heinz fell apart. this may not be the end of the road for a potential takeover. u.s. vice president speaking to european part is about a trump presidency using his speech and munich to reaffirm the u.s. commitment to nato in the european projects. later, i will be speaking to allen higgins with his views on the unilever deal and why he likes cocoa bonds and the likely of a rate hike in march. 90 minutes until the close of trading here in europe. no trading in the u.s. today because of president's day. all of the attention is on your. highest day since december 17. the usuale below levels at this time of trade. avat function with telecom stocks leading. let's get to the today chart of unilever. you know what happened friday after kraft heinz table this $240 billion offer. a record move. sunks rose to a record and by as much as 9%. biggest decline since 2003. now they are down 7%. over the two days, they were up 5%. kraft

barton here'sk what we are following.s showing signs of life, the british bank reporting a fourth-quarter pretax profit. saidout what jes staley . vonnie: auto executive carlos ghosn is giving up one of his many titles. in today's quick take him a closer look at nissan. -- excuse me, thailand. is the island in independent country or a province of china? barclays is on the rebound. british bank reported capital ratio climbed more than expected also plus, barclays signaled it is making progress in his attempt to divest its africa unit and unwanted assets. ceo jes staley has rebuffed calls to spin off or radically shrink barclays investment bank. >> overall, very much like how the investment bank performed in 2016. if you take m&a fees, that underwriting fees, equity underwriting fees, we were up year over year will stop one of the few investment banks that accomplished that. we think we gained market share in 2016 and we liked how we performed in the fourth quarter. turnaroundore's appears to be complete. the commodities tr

barton: everybody loves bob iger.is very welcome, but you cannot stay forever. see that the process is working smoothly. we cannot have a repeat of the ugly cisc questions -- successions at disney. having a qualified name cued up as a successor will be helpful for that equity and i do not know when that will happen. david: i was there for one of those ugly successions. barton, thank you so much for being with us. barton crockett is sbr capital markets senior analyst. alix: we're going to walk you through today's highlights, including our conversation with chuck stevens. trump's about president complicated border attacks and working with the trump administration to create jobs. take a look at shares of twitter. that stocks up 4%. the company announcing new plans to make abusive tweeters less effective. in a blog post, they go over how to prevent them from making extra accounts and disrupting tweets. they were under a lot of pressure and now they are taking some action. this is bloomberg. ♪ david: this is bloomberg and

this is bloomberg. ♪ mark: live from london, i am mark barton. york, i quinn, this is the european close on labor market. china's foreign currency reserves edge just below $3 trillion last month, falling to the lowest since the early parts yuan cap'ser the steepest decline in two decades. 4374 on the bloomberg. joining us is the chief asia economic correspondents for bloomberg, usually based in hong kong, visiting us in new york this week. it looked like a lot of a difference in the chart, these reserves dropping but $3 trillion in reserves is a lot of money, does it matter that it is below? >> significant but below the psychological three mark, demonstrating china is burning reserves at a rapid clip and they are willing to spend their reserves to defend the currency. administration has said china was in fighting the current -- the fighting -- deflating currency. l close is a concern. -- capital outflows is a concern. vonnie: there has to be some kind of intervention, we got more tightening on friday as the markets opened for the new year. >> the

i mark barton with vonnie quinn.tocks finish data thursday session lower, first decline in eight days. theclose yesterday was highest since december 2015. we are down today at the close, stoxx 600 4/10 of 1%. bracing for a slowdown. we heard from the chief executive and you will hear more from him eminently. mark schneider's book today. he said, able take years to return to those growth rates targeted by his predecessors, forcing what is the world's biggest company to step up, restructuring, review of portfolio, revenue would increase 2% to 4% on an organic base this year, accelerating to mid single digits by 2020. expect restructuring costs to rise to about 500 million, putting pressure on profitability. it's taken 2 months for the executive to modify the annual growth forecast. forecast nestle has held onto for a decade. forecast nestle has held onto for a decade. revenue growth was 3.2% last year, the slowest and least a decade, illustrating the long list of challenges facing mr. schneider. much lowerower were ear

. ♪ ♪ from bloomberg world had quarters in new york, i am vonnie quinn. , the i am mark barton europeanse roughly 16 minutes away, precision on bloomberg, let's get back to the market, the bond market, the reflation policies of president trump and geopolitical risk in europe. -- $180us is the billion in assets under management. is the trump train running out of steam or not? >> it is faltering a bit, we need to wait and see whether the and thelike tax reform stimulus spending are really going to come to pass. those are gargantuan tasks to tackle in short order. i think expectations may be a little bit ahead of reality and we should prepare ourselves for a mr. or two. -- missteps or two . economic surprise index, data is beating forecasts, a great chart, a week where inflation rose to a multiyear high, the white line is the spread between the two and the 30 year which is fairly steady but look at inflation, it tells us the 30 year bonds are outperforming all parts of the other markets right now. does that tell us bond investors are buying into this take up in inflation? what does this ch

mark: live from london, i mark barton.alk about the european political risk that appear to be easing sending yields lower. bonds trading a week lower. german bonds holding three day advances. europeange yield in investment has fell to the lowest since october. bar.ng us is wolfgang wolfgang, thanks for joining us. it would be careless to say that volatility in the european bond market is over because of a couple of good polls that same to favor macron in the first presidential election? wolfgang: it is a snapshot of what we are seeing today. we have seen high-level support from macron over the weekend that gives them more momentum in the french presidential polls, but i think we should not kid ourselves and think the whole volatility episode is over. there is the dutch elections coming up. is there a gain in focusing too much on france? why are investors so focused on france, which is a month or too lately go to the second round? wolfgang: the french election is more serious and the potential applications that might have f

tom barton.o attack cities was an enormous risk. the home secretary said she agrees with that assessment. here is our security correspondent frank gardner. the risk continues thatjihadists will come back to europe brutalised and bent on revenge. the new terror watchdog has warned of current plots. the sad fact is the threat in this country, represented by what we now know as daesh or so—called islamic state is high, is continuing and is not going to abate. max hill says the terror threat today is at least as great as it was to london during the ira bombing campaign in the 1970s. yet the situation is not the 1970s. yet the situation is not the same. the uk terror threat has prompted a major rethink on how britain's cities are protected. the police have been up guns and surveillance increased. but the threat from is today differs from the irs -- ira in threat from is today differs from the irs —— ira in several ways. the jihadists with no warning, they aim for maximum civilian casualties and they a

here's our political correspondent, tom barton. his report contains flash photography.still think you are the man to rebuild labour? jeremy corbyn arriving at labour's scottish conference in perth this morning. we are campaigning for a just and fair society. preparing for his first major speech since the party's historic defeat in the copeland by—election last week. ahead of that speech, in an article in the sunday mirror, jeremy corbyn wrote: but he also makes it clear he is not planning on going anywhere. he said: "i was re—elected labour leaderfive months ago, with a bigger majority, and i am determined to finish the job." friday's by—election results saw labour hold the seat of stoke—on—trent central, but the loss in copeland, for the first time in 80 years, has led some to question whether labour can win a general election. those loyal tojeremy corbyn say constant questions about his leadership are hurting the party. one of the issues that people are not voting for us is because they see a divided party. in the last 20 months, half of them have been leadership elec

tom barton, our political correspondent. team investigating allegations of abuse made against british troops in iraq. a report yesterday blamed the ministry of defence for allowing law firms to bring cases on "an industrial scale", many of which were not backed by evidence. sergeant brian wood of the princess of wales' royal regiment was wrongly accused of war crimes after a fierce battle with insurgents in iraq in 2004. he says allegations against troops were not properly scrutinised before being pursued by the inquiry. they should have looked into them into so much detail before releasing it as a public inquiry. now going into a courtroom, you know, i've never had — i've never been in that situation before, never. having to get cross—examined in an intimidating environment like that, with people questioning and questioning my actions, i sort of questioned my actions also, because i was getting told that many times that i potentially did it wrong. i started to think — did i do it wrong? ijust knew that me and my fellow sold

barton has requested a personal hearing before being sanctioned.for breaking fa rules on betting between march 2006 and may 2016. the fa has announced aidy boothroyd as the new coach of the england under 21 side. the former watford and reading manager steps up from the under 19 and 20 sides, replacing the under 19 and 20 sides, replacing the senior boss gareth southgate. he will lead the team in the european championships this summer. tiger woods's agent says the former world number one feels terrible at having to withdraw from the dubai desert classic with a bad back. this was only his second tour appearance, after three operations over 19 months. after an awful first round, he said he wasn't in pain. he finished 12 shots off the lead. but the problem apparently came on late last night when he experienced a spasm in his lower back. this year's six nations begins this weekend. scotland host ireland, england take on france, with wales travelling to italy. last year's tournament saw england secure a grand slam. in fact, they went unbeaten in 2016 and

. ♪ mark: live from london, i am hard barton.unting down to the european close, just about 15 minutes away. vonnie: and from new york, i vonnie quinn. ami want to get back to the conversation on the local economy with any blanchflower, former boe -- with danny blanchflower, former boe policymaker, soon-to-be grandpa -- but we will not go there -- congratulations. [laughter] danny: aww. vonnie: mark, before we broke for a second, about the euro being grossly undervalued. is this for peter navarro to do in his new role, it is the euro undervalued? danny: well, what is he proposing? the is going to propose a currency war? the reality is these economic commentators in the trunk government to not seem to have any understanding of economics. on the one hand, they criticize the fed for having rates too low, so than if you raise rates, what is that going to do? it is going to split the currency and lower the euro, so this is kind of interesting. and some sense, the reality is the euro area has basically only had one policymaker in town.

tom barton, bbc news. and tom is with me now.eech to scottish labour will have given the party an injection of confidence after copeland? jeremy injection of confidence after copeland ? jeremy corbyn injection of confidence after copeland? jeremy corbyn and those close to him are saying that this is what the party needs to do, it needs to unite around him to get over some of the problems they are having. this was absolutely his first opportunity to give a rallying cry to the troops, if you like. the loss in copeland was difficult for the labour party. this was a seat in an area that the party has had an mp for eight decades, more than that. and a seat in which in normal circumstances, they would have expected to extend their majority halfway through a spell in parliament where they are the opposition. so to lose that seat and lose it to the conservatives is a big loss. and so, yes, jeremy corbyn's task today was to rally the troops on the one hand, to put forward that argument for unity and he did it pretty passionately. the resu

tom barton speaking to me a little earlier.er he was stabbed in a busy street in leeds. the wounded teenager was taken from the harehills area to hospital for treatment after the incident yesterday afternoon. he died a short time later. a 15—year—old boy has been arrested on suspicion of murder. hundreds more pilot whales have become stranded in a room or departed new zealand shortly after rescued had just reported scores of others. hundreds have already died in the biggest ever mass strandings in the biggest ever mass strandings in the country's history. just a warning you might find some of the scenes in this report by simon clemison distressing. as they wait for high tide, volunteers do whatever they can to cool them. pouring water and covering the creatures in cloths helps to regulate body temperature. temporary measures until the whales can be released into the ocean. some hope singing will prove soothing. and then the sound of success. but it is early days. very quickly, this tide has come racing in, and now we're all are

tom barton, our political correspondent, thank you.as been arrested on suspicion of murder after a teenager was stabbed in leeds. the police believe the attack may have been filmed on mobile phones. the victim, a 16—year—old boy, was found stabbed yesterday afternoon. he died later in hospital. chasm painers campaigners have chasm delivered painers a petition at downing street with 50,000 signatures calling for theresa may to allow more child refugees to come to britain. the government this week scrapped its plans to re—home thousands of unaccompanied children from syria and other warzones, after the arrival of just 150 youngsters. the campaign has been led by lord dubs, who himself came to britain as a refugee from the nazis at the age of six. the argument for child refugees today is a humanitarian argument. it doesn't depend upon the person who's putting the case. however, because i came to this country in that way, i have an emotional involvement with it. can i say this, this country's been wonderful to me in terms of the welcome i

tom barton. reviewer of terror laws has warned that britain faces a continuing and high threat of terror attacks. max hill told the sunday telegraph that plots by islamist extremists to attack uk cities were an enormous risk. earlier, i spoke with raffaello pa ntucci, director of international security studies at the royal united services institute think thank. he said the two threats should be looked at differently. what we can say is that the security services are looking at a threat picture which, from their perspective, is as intense as it has ever been. if we think about the fa ct ever been. if we think about the fact that they've disrupted at least 12 fact that they've disrupted at least i2 plots in the past three years, we can see that they are disrupting plots on a fairly regular basis. we see a fairly steady stream of people showing up in court and fairly advanced plots being disrupted. so there is an intense threat picture. the difference in some ways with what we saw from the time of t

. ♪ ♪ mark: live from london and new york, i'm mark barton.nie: and i'm vonnie quinn this is "bloomberg markets." time to look at some of the biggest stories right now. out again has agreed to buy -- for almost $2.5 billion that represents a 14% premium. this is a report that jeff bezos once amazon to be the next hbo or -- -- or netflix. the plan was prompted by amazon's recent success and the number of oscar nominations for its movies. abort ais expected to multimillion dollar write-down for its nuclear reactor business. the right down will cover cost down that westinghouse. it has forced the company to try to sell a significant state in its memory business. that is your latest bloomberg business flash. hour,in less than an canada's prime minister justin trudeau will arrive in washington to meet with president trump. shinzo abe theresa may has tackle trade with the president. extent isto what justin trudeau going to have to bite his tongue today? we have to see how president trump approaches this. the renegotiation of nafta is something that

it is expected barton will offer mitigation for the breaches.arance, after three operations over 19 months. despite an awful first round, he says he wasn't in pain then. the 14—time major winner, finished five over par, 12 shots off the lead. the problem apparently came on late last night when he experienced a spasm in his lower back. this year's six nations begins this weekend. scotland host ireland, england take on france, with wales travelling to italy. last year's tournament saw england secure a grand slam. in fact, they went unbeaten in 2016 and will be favourites this time around. our preparation has been good. i think the concern is, when you prepare so well you can be complacent going into a game. we've had it with a good week this week, with training today, i think it's good thing, greasy ball, key people on edge. i think the power he running in the game is to try and sharpen the axe mentally. the women's six nations runs along side the mens — and that gets underway tonight as scotland host ireland. for england, it'll be a very big year

this is bloomberg. ♪ ♪ mark: live from london and new york, i mark barton with vonnie quinn.opean close. commerzbank reported within a 5% drop in the fourth quarter profits. they are setting aside more money for troubled loans for the shipping industry. shares of frankfurt fell today. matt miller talked with commerzbank ceo and asked whether low rates have created any urgency towards european banking consolidation. obvious pressures on nii and revenues in total do obviously lead to the obvious cost question and that is, consolidation is typically one solution, not the only one. in that sense consolidation is something where a lot of people try to create speculation. for us, the answer is pretty clear. 4.0. we have set our program. efficientke the banks in a lot better increase profitability. matt: you are facing competition from digital upstarts. fintech is the use -- name the he's right now. thanking can be done faster and cheaper and with fewer people. how does the switch to digitalization look for commerzbank? stephen: we do have a lot of exposure to the scene as you right

ask you what you made ofjoey barton's behaviour yesterday?ly determined and really pretty. there we re determined and really pretty. there were a few niggles. and that sometimes happens in competitive sport. he did get an elbow in the face. that is the cup, isn't it? it is allfair in face. that is the cup, isn't it? it is all fair in love and war. face. that is the cup, isn't it? it is all fair in love and warlj face. that is the cup, isn't it? it is all fair in love and war. i think he tried to duck under the arm, but he tried to duck under the arm, but he isa he tried to duck under the arm, but he is a big boy. he wouldn't want me sticking up for him, and doesn't need be sticking up for him. he has been great, joey, at burnley. here's a top player, and i have to say that after the game he was good with our players, he gave them to make shirts, and komla mentri.|j players, he gave them to make shirts, and komla mentri. i heard he brought the man of the match champagne. i think one of the players gave him champagne, and we let him spray it. —

mark: and i am mark barton, this is bloomberg markets. check in on the "first word news with emma chandra. emma: happening right now on capitol hill, u.s. homeland security secretary john kelly is testifying before the house homeland security -- homeland security committee about the security america's borders. secretary kelly says he is committed to trump's wall plan and says that the president's travel order is lawful and constitutional. you can watch the full hearing on bloomberg live go. president trump was tweeting early about russia's president, vladimir putin. the president wrote that he does " --have any deals in russia and that quote, the haters are going crazy. -- sarcastically thanked president trump for revealing what he says is the real face of the u.s. that ayatollah says iran will respond to unit -- the united states on friday. afghanistan, a suicide bomber struck outside the country supreme court, at least 19 people were killed and more than 40 others were wounded. the taliban has been targeting the afghan judiciary since 2

clara barton is a better option. if you have committed to make it across the bridge, try 66 or maybe old dominion. you will see traffic trip to make it to 495. but a lot less volume. for folks elsewhere we have volume elsewhere because the weather is so nice. expect a slow ride on the beltway as well. but at the december -- back to you at the desk. alison: at the mount vernon trail, new developments and the investigation in the graffiti spotted on the nation's memorials. an executive producer snatched the same gra fitty on the sign -- graffiti on the signs on the national service trail. the reps say they have half a dozen reports of the graffiti on the street signs and the utility boxes around the area. larry: tonight a father of two is dead after what police say was an argument about noise in an apartment complex. brad bell is live with a look at how this escalated. brad: this happened last night. people in the neighborhood know each other and tonight they are telling us they are still hurting and they are still puz

this is bloomberg. ♪ mark: live from london, i mark barton. i am vonnie quinn in new york and this is the european close on "bloomberg markets." we are waiting on big news shortly with present donald trump set to sign a sweeping review of dodd-frank. here's the president with his ceo council. >> we expect to be cutting out a lot out of dodd-frank because frankly i have so many friends of mine who have nice businesses that can't borrow money. they can't get any money because the banks just won't let them borrow because of over regulations in dodd-frank. this particular topic, we also heard from gary cohn from goldman sachs. he told us what parts of the law they are looking at specifically. >> we are going to attack all aspects of dodd-frank. we also care about liquid transparent and orderly markets. vonnie: joining us now is senior writer for the finance team and the head of our investment team. gary cohn talking about specific parts of dodd-frank they want to change. let me get the bigger picture .rom you, peggy what is this intended to do --

barton's concerns about deficit reduction. if federal participation is limited in that fashion, then the states will have a choice either of reducing the number of people they serve, cutting back on rationing services to those people or raising state and local taxes. >> and mr. chairman, thank you. i'd like to ask unanimous consent to enter into the record if anyone is interested in learning more about medicaid, march of dimes and the number of experts are having a lunch provided forum tomorrow -- or excuse me, february 27bnd, 12:3 to 1:30 in rayburn 2020 to learn why medicaid matters to kids. and i encourage you all to attend. >> could you send a copy over to me? >> here it comes. >> appreciate that. now i recognize dr. bush administration dr. burgess for five minutes. >> thank you. very interesting discussion. very timely discussion. ms. yocom, let me ask you. chairman murphy was directing some of his questions about improper eligibility determinations and one of the things that has concerned me for some time is the issue of

. ♪ mark: live from london and new york, i am mark artan -- mark barton.onnie: i am vonnie quinn and this is bloomberg. president trump has been meeting ceos, discussing security, fees, regulations and taxes. he told the executives quote, we will be announcing some over the next two or three weeks that will be phenomenal's -- will be phenomenal in terms of taxes. gold is now at 1236.42. if you look at the u.s. dollar, you see it's reaction, much stronger versus the yen. the euro little weaker versus the dollar. kevin cirilli joins us from washington. and severalw ag development overnight and now this airlines meeting which means we will probably get more comments running the weekend about taxes and regulation. just: president trump stating a couple of minutes ago that he will be making a big announcement regarding tax policy, following his meeting with top executives in these big airline companies. it was a who's who of the airline industry. top executives from southwest, alaska, jet lou, the ring here at the white house. one notable exception, american to

solebury township police have arrested barton and fisher for two separate incidents.nvestigators say barton met a 13-year-old at pat lively park and assaulted him earlier this month. fisher met a teen online and agreed to meet at the same park where the assault happened. each man is now facing various sexual assault charges police would not say if their cases are connect the. >>> how often is this really happening? yet again, the accusation a teacher had sex with a student. this time it centers on buena regional high school in new jersey. this time it's teacher william jacobs who state police say had sexual relationship with a 17-year-old from november of last year through this january. and they add, once jacobs learned they were investigating him, he told the teen not to cooperate with them. prosecutors have charged him with sexual misconduct, endangering the welfare of a child and sexual assault. >>> no way to live. a woman is in tears. she says the house she rents is infested with rats. she even told her landlord. >> if you don't like it you got to move and i shoul

surveillance is up next with bark artan -- marke barton.rg. ♪ mark: why traders still don't see a march hike happening despite talking up from the fed. sterling slides on a report there could be a second scottish referendum as theresa may braces for a brexit battle with the lords. and macro momentum. polls bonds rise as new see the independent candidate opening of his biggest lead yet over francois fillon. this is "bloomberg surveillance ." i'm mark barton in london. check out what's happening to stocks today.

barton has joined us and quite of bit of progress has been made. so that will be a continuing need, as well as storage capacity for those collections will remain something that the library has a major responsibility for these unique collections and items that make up quite a bit of that 162 million items. the other challenge is to concentrate on making sure that the library is run efficiently and effectively centralizing a number of operations, particularly information technology. and also to -- and this challenge is actually an opportunity to make more people aware throughout the nation in particular of the resources that are available already and digitized for use in k through 12 classrooms, teacher education, outreach, and letting people know about what the library already has. we've been called one of the best kept secrets, and we don't want to be secret anymore. >> well, i can assure you, you are known by the members and our staffs. coming off what was a very successful new member retreat in january, how will crs continue to support our new me

clara barton is a better option.u have committed to make it across the bridge, try 66 or maybe old dominion. you will see traffic trip to make it to 495. but a lot less volume. for folks elsewhere we have volume elsewhere because the weather is so nice. expect a slow ride on the beltway as well. but at the december -- back to you at the desk. alison: at the mount vernon trail, new developments and the investigation in the graffiti spotted on the nation's memorials. an executive producer snatched

heavy traffic clara barton,, cabin john and mc arthurc a boulevard and you're also to the inner loopd steve.lison and stev >> ten minutes past the hour.ut president trump'ses p national security adviser could be in trblble. mike flynn's job could be in jeopardy after reports he spoke to russian ambassador before the president took office. >> it's not clear if thef t president has confidence in onen of his top advisers. ais doug luzader joins us with thewt latest.late. doug, what are you hearing? arei >> reporter: allison andis a steve, good morning. well, kind of on the bubblehe here, right? you see in b this picture flynn right at trump'sap side where he has been manyn man times in the past. pas will he remain there? it's tha' the big question now.ow it's tough to see in the dark, but reports say it looks likekse national security adviser mike flynn was trailing the presidenh after air force onee landed bac at andrews last night. night flynn is still part of the sll administration, but are his days now numbered? top white househu yesterday.stery. >> it's a sensitive matter.r general

barton for five minutes. >> thank you mr. chairman. i'm glad to be a part of the first oversight hearing. i'm glad we have some new blood on the subcommittee. we have a new doctor on the democratic side. we have dr. burgess on our side, so when the blood letting begins we'll have two doctors that can take care of us. and keep us going. i wanted to focus the panel's attention on a few numbers first number is 20 trillion. second number is 325 million. our national debt is about $20 trillion give or take a trillion or two, we have 325 million americans in you divide it into 20 trillion you get act 66, $67,000 that every american owes of the national debt. it says there's 70 million american covered by medicaid b subtra subtract that from the 325, it means that also the $66,000 times 70 million that the medicaid recipients owe, they can't pay it back, those are big numbers we are spending at the federal level about $350 billion a year and the states are adding another 150 billion so we're spending about 500 billion a year to provide health

barton saysville 1.3. few clouds over the city. keeping temperatures in the upper 30's in philadelphia. but look how quickly dropping. 26 in millville, 28 in allentown and trenton, 28 in mount pocono. and 30 in reading. so future weather shows maybe a stray snow shower in the poconos, that clears out quickly. tomorrow sun but quickly again the clouds come back in. we'll be in and out of the cloud cover all day and could be a stray rain or snow shower to the north. thursday lots of sunshine on the way. looks like a tray day, you will feel the winds, we're entering into a tranquil pattern, sun each day, will turn progressively colder. generally dry conditions. cold pattern lasts through saturday. we start to see a little bit of a change comes along with a system going to move just to our south sunday. as of now, that looks relatively weak, could be light snow or snow showers by sunday afternoon or evening. overnight 33. partly cloudy, breezy tomorrow clouds and sun, the breezy day again at 48. that's well above average. normal is abo

. >> it's been a tough road for karen and tyrone barton. they were headed to sunny miami, but had their flights canceled. worst pars? it's tyrone -- part? it's tyrone's birthday today. >> can't change that. have to accept it and keep moving. >> reporter: more than 100 canceled flights to the north, to the south, and everywhere in betwee christybergman. they had to get creative. had to drive to washington, d.c. to catch a flight just to get to a cruise. >> got a rental car, drove what? 8 hours, overnight, on coffee and red bull. [ laughter ] it was pretty wild. >> it am be -- will be worth it when you're on the cruise. >> absolutely. going to the bahamas. >> airlines are offering free flights for some. >> we got a little pink slip to get a discount on our hotel tonight. so that helps. >> so are you guys sort of antsy to get home? >> yes. we're ready to get home. >> reporter: and when you look at the raid sar, you'll -- radar, you'll see that of course, the storm is to the northeast. it makes sense that places like boston and new york are imp