from the global headquarters, i am betty lou in new york. tty: central banks make the headlines, the boj governor quashes speculation about imminent normalization and all change at the fed, jay powell is asfirmed in the last hour chair. fed the janet yellen era has come to an end. >just a few more weeks and janet yellen is out of there. are piling in, they stocks, thatn with ripped in the u.s. permeated the emerging markets, some are trying to figure out who was meeting who but i want show you one indicator here, this chart that gives you a sense that the and may be coming soon. 2717 measures the breath of the stocks. about 80% of the s&p 500 stocks are now trading above their 50 day moving average, that is usually a sign that bull run may be ending. you can see that this has happened a few times during this bull run. we have not seen any and to u.s. stocks. you just ignore the technical's, we have seen these red alarms before and we see rallies continuing on forward. people say 2018 is that risk where we see these trade tensions escalate and

from bloomberg's headquarters, i am betty lou on this tuesday.resident trump cause xi jinping to complain about the growing u.s.-china trade deficit and the workers at a chinese apple supplier raising can turns -- concerns about harsh factory conditions. yvonne, we know equity markets here in the u.s. were lower but what has been rising and rising quickly has been s&p estimates by analysts. see so many upgrades because of how high the markets have passed the markets have run. i have a chart view that shows this g #btv 8902 here is the yellow line here for s&p earnings estimates this year. but how they are accelerating and rising given that the bull run, the record bull run we have seen so far, much faster than the s&p estimates for 2019 and 2020. it looks behind the curve, perhaps wall street has been to how much tax reform seems to be propelling these markets higher. >> it is quite rare to actually see these earnings upgrades in the months of january so i guess they are starting to see this windfall when it comes to tax reform. but it was a wall

i am betty lou in new york. betty: yvonne: i am yvonne man in hong kong.o first word news now. bill gross is calling a bear market in bonds. courts of the li na fund manager saying that the bear market confirmed. broken inf trendlines five and tenure maturity treasuries. they have climbed to a nine-month high with treasury seen the most in three weeks, just ahead of a delusion. and another billionaire fund manager is weighing in with his prediction. he says the s&p 500 will end the year with a negative return in investors webcast, are pricing in no recession which is why he falling after decent run in 2018. he also says shorting bitcoin today will make you money. leaves china on wednesday after a few concessions on trade and little in the way of commercial breakthroughs. despite bringing an entourage of over 50 business leaders, the biggest perspective deals for airbus remains only for them. he told reporters that he prefers follow-up rather than just figures. and president trump plans to this the meaning of the global financial elite is a form for the kin

i am betty lou in new york. yvonne: i'm yvonne man in hong kong. the u.s.ed to suspend annual military drills. they are seeing some progress at least when it comes to negotiations. plenty were happily -- plenty more happening. u.s. talks to amend a five-year-old trade deal. it takes place in d.c. let us take a look with young sun knwon. thank you for joining us. given the north korea situation, i cannot help but wonder what will happen with this deal with the u.s. and korea now that pyongyang seems to be creating a wedge between these two countries. is there a chance of the break serve? president trump -- breakthrough? president trump seems to think there will be a quick fix. young: i do not think there will be a quick fix. is ihing that is important believe there is an open line between t two koreas. we believe it will reduce the miscalculation risk. >> some people are saying january is kind of the moment of truth where we learn from the trump administration on and their takes on trade policies. because you have the core stocks and nafta talks, talks to pu

from the global headquarters, i am betty lou in new york. the headlines, the boj governor quashes speculation about imminent normalization and all change at the fed, jay powell is confirmed in the last

and i am betty lou, and intel jumping after hours as revenue beat estimates. despite a security flaw in its chip. president trump offering a lifeline for the dreamers in the last hour. for 1.8rts citizenship million people. ♪ betty: once again, the focus is on the u.s. dollar here in the markets, and be bit to president trump to come back at that hosts, reiterating a strong policy, and treasure to -- treasury had robert harris, let us pull up a chart for us history nuts. it just shows you how much the currency has swung according to different policies that the administration has put in place. take a look since the 90's when we had the strong dollar policy and a place, it has fallen and strengthened. it begs the question, how much do markets really a leave -- believe the u.s. administration does have a strong dollar? yvonne: leading up to what we saw, it was interesting because they were talking about how japanese currency was too weak and they want a stronger japanese currency, and then it started to hurt the economy once we saw the dollar we can. you see gyra

from bloomberg's headquarters, i am betty lou on this tuesday. xi jinping to complain about the growing u.s.-china trade deficit

i am betty lou in new york. haidi: i am haidi lun in sydney.alia's hoping to convince other nations to sign on into his asia regions funds passport, allowing fund market is to be in regional countries. the good morning. minister told us the regime is essential to growing the nation's financial services exports. >> one of the reasons why i am hearing hong kong is the asian financial forum is to talk about the asian regions fund passport which is a new international passport that we have implemented this year. the number up or dissipating economies of that will allow fund managers to fill their products into other participating economies where both consumers can enter. there is mutual benefit all around. it is a duplication when it comes to regulation. it is one of the reasons why australia is focused on making sure we can have ait is a duplit comes to regulation. new enableent vehicle to people to make that investment that is well understood and can be passported. >> how optimistic are you because we know australia and its exports from mining to

in newi am betty lou york, it is just after 6:00 p.m. on sunday evening.rprise $7 billion windfall from u.s. tax reform.

and i am betty lou, and intel jumping after hours as revenue beat estimates.ity flaw in its chip. president trump

tom, to it say to john, to betty lou, on behalf of all the husband, and to republicans who stood up and made those difficult votes -- on the people and the businesses of new jersey, who their own ore of money in their pockets because of their leadership, thank you very much. [applause] you see, lower tax policies have worked to revive a more abundant seven and led to consecutive years, seven, of private sector job growth. a very con sequential accomplishment. years ago, we inherited a budget bloated, out of balance gimmicks, with riddled with gimmicks. deficits and a fiscal year only five months from ending. billion deficit in the coming fiscal year. total of $13 billion in projected deficits over our first 18 months. too many public employees doing costing too much. one-shot gimmicks that accounted 13% of our revenue when i entered this chamber eight ago. we deferred raises in the lasted -- nnesota last administration. we deferred raises, all of them ticking time bomb and gift for the new governor. addition, debt issued by state government increased by year every % per yea rate of unsu

so i want to say, to tom, to john, to betty lou, on behalf of her late husband, and to all the republicans who stood up and thad mose difficult votes. on behalf of the people and the businesses of new jersey who have much more of their own money in their pocket because of their leadership, thank you very much. [applause] >> you has led to seven consecutive years of private sector job growth. now, that is a very consequence shall accomplishment. cons consequential for all the people of number. at the inherited a budget that was bloated, out of balance and riddled with gimmicks2. billion in deficit in a fiscal year that was five months from ending. a projected $11 billion deficit in the coming fiscal year, total of $13 billion of projected deficits over the first 18 months. too many public employees doing too little and costing too much. one shot gimmicks that accounted for over 13% of our revenue when i entered this chamber eight years ago. we deferred raises in the last administration. we deferred payments in the last administration. all of them left as a ticking time bomb and little gift

i am betty lou in new york. it is after 7:00 p.m. on this thursday.goods from drinking water to diamonds. south -- asatching it completes an investment in newburgh. the countdown begins. before the expiration date for the government shutdown. live pictures out of d.c. we are expecting some sort of decision or vote from the house. the house is in recess but we are expecting various bills to start. the stopgap measure, number three on the list. we could be getting something from the house. doesn't mean much if the senate democrats do not get on board. it just means we are going to face a shutdown. friday, midnight is the deadline. or we will see parts of the government closed. johnd headlines about williams being named the number two person at the fed. a lot of news that has broken. let's get to first word news with courtney collins. has completed its deal with softbank. the japanese conglomerate is now uber's top shareholder. the deal includes the creation of extra board seats. they are urging uber to focus on core markets. flagships pulled its superju

tom, to john, to betty lou, on behalf of her late husband and all the republicans stood up and made those difficult votes, on behalf of the people in the businesses of new jersey who have much more of their own money in their pockets because of their leadership, thank you very much. [applause] lower tax policies have worked to revive an economy and led to seven consecutive years, 72nd of years of private-sector job growth. that is a very consequential accomplishment, consequential for all the people in the state of new jersey. eight years ago we inherited a budget that was bloated, out of balance and riddled with gimmicks, riddled with gimmicks. $2 billion in deficit in the fiscal year it was only five months from ending in a protected 11 million-dollar deficit in the coming fiscal year a total of $13 billion projected deficit over our first 18 months and too many public employers doing too little and costing too much. one shot gimmicks that accounted for over 13% of our revenue when i enter this chamber eight years ago we deferred raises in the last administration we deferred payments in

i am betty lou in new york. >> and i am in hong kong, and you are watching "bloomberg daybreak: asia. the canadian dollar and mexican peso drop after can in officials said there is an increasing likelihood that president trump will give a six-month notice to drop out of nafta. white house officials say there has been no change in the packed. --pact. catalonia's two main want thence parties president to serve a second term. it remains in exile in belgium, that could be sworn in remotely to challenge spanish prime minister mariano rajoy. independent.atalan accessow citizens to visual id, selling allegations of a major privacy breach and the largest biometric database. arsonal details of up to billion citizens enrolled in the program could be illegally accessed or just eight dollars. indian officials say that there is no breach. malaysian government says that they will pay up to $70 million f a firm can find the wreckage of the malaysian airlines flight 370 within three months. the transport minister said there is an 85% chance of finding debris in a new search area. the plane-- disappea

i am betty lou in new york. -- protectionism. president trump is set to speak andin davos.cifically, we're talking about the leveraging. hsbc bank to the senior economic adviser. stephen, before we get to the issues that are going to be we had in davos, headlines two hours ago that trump may terminate nafta. that is on the back of headlines that we have seen in the last few weeks. how devastating will it be if we actually see the u.s. go along and follow through with its exit of nafta? >> it is part of a broader trend that the u.s. is losing its views of international arrangements and international deals. there go back to 1944 -- was a sense that the countries were all in together and had to work together for the common good. increases significant in living standards in a white draghi of countries that in previous eras were at war with each other. now is theseeing growth ision -- wage weaker than it used to be. and president trump, in one sense what he is saying that america had a bad deal with the rest of the world. i don't agree with that at all, but nevertheless, we have

in new york with markets rebounding from losses after the hawkish tilt of the fed, i am betty lou ink. innne: and i am yvonne man hong kong, and a look at first world news. fed met for the first time, keeping rates unchanged but setting the stage under jay powell. expect conditions will of all in a manner, adding the word further to the previous statement. the fed said that the near to risk appeared to be roughly balanced. president xi is asking for china to propel long-term growth, the country needs to make better use of global markets and resources and to improve the economy to enhance international competitiveness. in october party that invest technology should be embedded to the economy to improve governance. china's great fire sell is ready to go. billions him to sell of dollars in assets and the first have to pay down debt and avoid a cash crunch. would come in the second quarter, h and a has already admitted a shortfall of almost two and a half billion dollars in the first three months. day in india where prime minister faces a difficult balancing act. he must way fiscal prude

in newi am betty lou york, it is just after 6:00 p.m. on sunday evening.ells fargo flagging a surprise $7 billion windfall from u.s. tax reform. bhp things big, said to be seeking $1 billion to get out of its iron ore joint venture in brazil. ♪ betty: a billion dollar headache for bhp, a $7 billion windfall for jpmorgan-wells fargo, that really propelled the market higher on friday. along with that inflation data. in record territory in the u.s., what a month it has been. let's quickly pull up the boards to see how much we gain, the s&p closing at a record, the dow adding over 200 points, the nasdaq also higher. i get the feeling a lot of this will be as the markets are so high, a lot of it will depend on the news we get this week, including earnings, the higher the markets go, the more vulnerable it might be to pullbacks. and many of us have wouldhe first of 2018, we see a pullback, it has been dead wrong so far. saying thech, biggest -- on record. find the bears are throwing in the towel. looking to see some gains with the u.s. markets closed for the hol

i am betty lou in new york.ne man in hong kong, you are watching "daybreak: asia." let's get the first word news. ramy: good morning, first up, president trump welled up his trip to the world economic forum by saying americas is. his speech was a pure pitch to his this and political elites into humansis including lowering unemployment, cutting regulation and what he claimed are the most significant tax cuts in history. her have been rumors of a walk-up but the audience lined up to pay respects. the economic forum ended in optimistic mood, it came to a close with congratulatory backslapping. delegates said the level economy is a good shape and the stock markets have every reason to extend the run. the s&p 500 have gained about a quarter since the start of last year. meantime, reports from china say beijing will close 1000 factories and markets by the end of the decade part -- into the decade as part of moving nonessential functions out of the city. they will spend almost $2 nonessentials the into the suburbs. it'